US Edition
Figma’s stock plunges after company’s first earnings report since IPO
Figma's revenue rise was fueled by AI-driven products and acquisitions, achieving a 129% net retention rate, signaling strong growth in existing customer expansion.
- Figma released its first post‑IPO results, showing 41% revenue growth to $249.6 million in the second quarter of 2025, after its July IPO raised $1.2 billion and valued the company over $20 billion.
- Figma's growth was driven by new AI tools and acquisitions, namely launches of Figma Make and Figma Sites and acquisitions of Modyfi and Payload, while last year sales of DEV mode expanded customer revenue streams.
- Figma reported improved operating metrics, noting net income $846,000, adjusted operating income $11.5 million, and a third quarter revenue forecast $263 million–$265 million.
- Investors reacted quickly, with Figma shares falling 13% in extended trading and closing at $68.13 on Wednesday, amid lockups covering 35% of Class A stock until August 2026 and a 25% employee lockup release after market close on Sept. 4.
- Amid sector‑wide AI concern this year, Dylan Field said, `I think that the more that software becomes easier to build with AI, the more that people are going to see that that human touch is needed,' providing clarity for investors.
Insights by Ground AI
Does this summary seem wrong?
13 Articles
13 Articles
Figma is getting crushed in its post-IPO earnings debut; CEO Dylan Field is focused on AI's long term power to 'raise the ceiling'
Five weeks after going public with a stunning 250% first-day pop, Figma is coming back down to Earth. Shares of design software company Figma plunged 14% in extended trading, as investors took a dim view of Figma’s first quarter earnings report. Figma CEO Dylan Field, who cofounded the company in 2012 and watched its $20 billion acquisition by Adobe fall apart in 2023, isn’t one to get caught up in the negative. “We’re at the very start of wha…
·New York, United States
Read Full Article
Coverage Details
Total News Sources13
Leaning Left0Leaning Right1Center7Last UpdatedBias Distribution88% Center
Bias Distribution
- 88% of the sources are Center
88% Center
C 88%
13%
Factuality
To view factuality data please Upgrade to Premium
