Figma (NYSE:FIG) Shares Gap Up After Earnings Beat

Figma, Inc. (NYSE:FIG) shares gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $24.19, but opened at $26.00. Figma shares last traded at $24.78, with a volume of 26,216,348 shares trading hands.

The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.28. The firm had revenue of $303.78 million during the quarter. Figma had a negative net margin of 121.87% and a negative return on equity of 103.94%. Figma’s revenue for the quarter was up 40.1% on a year-over-year basis.

Trending Headlines about Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q4 beat and upbeat guidance — Figma beat Q4 revenue and EPS estimates, raised FY‑2026 revenue targets (~30% growth guidance) and gave Q1 revenue guidance above consensus, which is the primary driver of the rally. Figma forecasts annual revenue above estimates — Reuters
• Positive Sentiment: AI monetization & Anthropic partnership — Management will start enforcing AI credit limits and roll out usage-based pricing for heavy AI users in March; integration with Anthropic (Code to Canvas) positions Figma as the interface for AI-generated code/design, turning AI into a revenue driver rather than a substitute. Figma’s Anthropic Integration Could Flip the SaaSpocalypse Script — MarketBeat
• Positive Sentiment: Strong customer metrics — Net dollar retention rose to ~136%, >1,400 customers with $100K+ ARR (up ~46% YoY), and international revenue growth — signals enterprise stickiness and upside from expanded seat and consumption monetization. Key customer metrics — MarketBeat
• Positive Sentiment: Analyst support & market reaction — Piper Sandler reaffirmed overweight with a $35 PT and several outlets show shares jumping in pre-market/after-hours trading on the results. Elevated call-option volume also points to short-term bullish positioning. Piper Sandler reiterates overweight — StreetInsider
• Neutral Sentiment: CEO/CFO commentary and transcripts provide color on product adoption and go-to-market moves; useful for confirming execution but not new headline catalysts by themselves. CEO Dylan Field on Q4 results — YouTube
• Negative Sentiment: Lingering risks — Some analysts still flag AI competition risks and the stock remains well below its IPO/highs after earlier sector-driven selling; insiders sold post-lockup, and Figma still shows negative GAAP margins and ROE, which could limit multiple expansion. Figma: Strong Results, Topping Expectations — Seeking Alpha

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays upgraded shares of Figma to a “neutral” rating in a research note on Thursday, January 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. Piper Sandler reissued an “overweight” rating and set a $35.00 price objective on shares of Figma in a research note on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, The Goldman Sachs Group set a $35.00 price objective on Figma in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Figma currently has a consensus rating of “Hold” and an average price target of $43.25.

Insiders Place Their Bets

In other Figma news, CAO Tyler Herb sold 2,232 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $24.86, for a total value of $55,487.52. Following the completion of the transaction, the chief accounting officer owned 195,926 shares of the company’s stock, valued at $4,870,720.36. The trade was a 1.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Praveer Melwani sold 16,247 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $24.86, for a total value of $403,900.42. Following the transaction, the chief financial officer directly owned 1,550,298 shares in the company, valued at $38,540,408.28. This trade represents a 1.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,781,925 shares of company stock worth $59,260,303 in the last ninety days. 45.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Figma

A number of large investors have recently made changes to their positions in FIG. Alphabet Inc. purchased a new position in shares of Figma in the third quarter valued at $11,182,000. Rit Capital Partners PLC purchased a new position in shares of Figma during the 3rd quarter worth about $2,592,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Figma in the 3rd quarter valued at $11,075,000. Rakuten Investment Management Inc. acquired a new position in shares of Figma in the 3rd quarter valued at about $4,425,000. Finally, Baillie Gifford & Co. acquired a new stake in shares of Figma in the third quarter worth $154,242,000.

Figma Price Performance

The firm has a 50-day simple moving average of $31.13 and a 200 day simple moving average of $47.10. The company has a market capitalization of $10.76 billion and a PE ratio of -8.29.

Figma Company Profile

Figma is a San Francisco–based software company that offers a web-based platform for interface design, prototyping and collaboration. Its flagship product, Figma, enables teams to create and refine user interfaces, vector graphics and design systems directly in a browser, eliminating the need for local installations. The platform’s real-time collaboration features allow multiple stakeholders—designers, developers and product managers—to edit and comment simultaneously, streamlining workflows and reducing version control issues.

In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.