Figma reports Q3 earnings beat but shares drop 7% after AI-focused growth plans
Figma’s stock fell 7% in extended trading after the company beat analyst expectations in its third-quarter earnings. Adjusted earnings per share came in at 10 cents, exceeding the 5-cent forecast, while revenue reached $391.4 million, up from the expected $375.8 million. Net loss narrowed significantly to $81.3 million, down from $1.10 billion a year earlier, and the company’s adjusted operating…
Key points
- AI credits usage surged 50% among high-spending clients, with fewer edits to AI-generated work
However, fourth-quarter revenue growth is expected to slow to 33%, below the 43% year-over-year growth seen in Q3. The company attributed its strategy to investing in AI capabilities, including expanded AI credits for clients while keeping prices steady. Praveer Melwani, Figma’s finance chief, noted a 50% increase in weekly users spending over $10,000 who utilized AI credits, with the company’s own AI model handling double the share of work and fewer users undoing AI-generated outputs.
Figma sinks after earnings beat as company prioritizes long-term growth with AI changes
CNBC Technology · 4 November 2026
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