Figma Shares Drop 7% After Q3 Beat as AI Investment Clouds 33% Q4 Growth
Updated
Updated · CNBC · Nov 4
Figma Shares Drop 7% After Q3 Beat as AI Investment Clouds 33% Q4 Growth
3 articles · Updated · CNBC · Nov 4
Summary
Figma fell 7% in extended trading even after posting Q3 adjusted EPS of 10 cents on $391.4 million in revenue, both above LSEG estimates.
43% revenue growth and a 12% adjusted operating margin beat expectations, and the company raised its full-year outlook to as much as $1.499 billion in revenue with an 11% margin.
Executives pointed instead to heavier AI investment: Figma is giving customers more AI credits without raising prices, a move finance chief Praveer Melwani said may trade near-term revenue for longer-term growth.
AI usage is rising inside the platform, with weekly users at organizations spending over $10,000 who used AI credits up nearly 50%, while Figma said its own model now handles twice as much work.
The selloff extends a difficult year for the stock, down about 41% in 2026 despite easing fears that AI would derail software incumbents; Canva's 22% workforce cut a day earlier underscored pressure across design software.