Figma Posts Surprise Q2 Loss, Stock Tumbles 17% Despite Revenue Beat
FIG sits 42% above its 52-week low of $16.6 on elevated volume (2.0× avg).
Summary
Figma swung to a $112.2M GAAP loss in Q2 from a $28.2M profit a year ago, driven by surging costs tied to its annual Config conference and higher R&D. Revenue jumped 48% to $370.1M, beating estimates, and adjusted EPS of $0.08 doubled consensus. The company raised its full-year revenue outlook to $1.46B-$1.47B and guided Q3 above Street views. Despite the top-line strength, the after-hours 17% plunge signals the market is punishing the margin compression and cost trajectory. This follows an activist push in May and heavy insider selling, adding pressure on management to show spending discipline.
At the time of this announcement, FIG was trading at $23.49 on NYSE in the Technology sector, with a market capitalization of approximately $14.9B. The 52-week trading range was $16.60 to $94.00. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.