by Duncan Riley
Shares in Figma Inc. rose more than 12% in after-hours trading today after the design software company beat earnings and revenue expectations in its fiscal 2026 first quarter and raised its full-year guidance on stronger-than-expected seat expansion and early traction from its artificial intelligence products.
For the quarter ended March 31, Figma reported adjusted earnings per share of 10 cents, up from three cents per share in the same quarter of 2025, on revenue of $333.4 million, up 46% year-over-year. Both figures were ahead of the six cents per share and revenue of $316 million expected by analysts.
Revenue growth accelerated for the second consecutive quarter, up from 40% year-over-year in the fourth quarter and 38% in the third quarter of 2025. On a non-adjusted basis, the company reported a net loss of $142.4 million, or 27 cents per share, weighed down by $169 million in stock-based compensation in its first full quarter as a public company.
Customer growth was a standout. Figma ended the quarter with 15,218 paying customers spending more than $10,000 in annual recurring revenue, up 37% year-over-year and 1,525 customers spending more than $100,000 in annual recurring revenue, up 48%. Total paid customers grew 54% year-over-year, to approximately 690,000. The company’s net dollar retention rate ended the quarter at 139%, its highest level in more than two years.
