$FIG Q1’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $333.4M (Est $313.2M) 🟢; +46% YoY
🔹 Adj. EPS: $0.10 (Est $0.06) 🟢
🔹 Net Dollar Retention: 139%
🔹 Free Cash Flow: $88.6M; 27% margin
🔹 Paid Customers: ~690K; +54% YoY
FY26 Guide:
🔹 Revenue: $1.422B-$1.428B (Est $1.36B) 🟢; raised from prior guide
🔹 Non-GAAP Operating Income: $125M-$135M
Q2 2026 Guide:
🔹 Revenue: $348M-$350M (Est $327M) 🟢; +40% YoY at midpoint
Other Metrics:
🔹 Non-GAAP Operating Income: $52.1M; 16% margin
🔹 Customers >$10K ARR: 15,218; +37% YoY
🔹 Customers >$100K ARR: 1,525; +48% YoY
🔹 Operating Cash Flow: $97.3M
🔹 Cash & Marketable Securities: $1.6B
Commentary:
🔸 “Q1 was an incredible quarter for Figma: revenue growth accelerated for the second consecutive quarter and customers are going bigger and broader with Figma than ever before.”
🔸 “Our outperformance in Q1 was fueled by stronger than expected seat expansion across entire organizations, driven by design’s growing importance and adoption of our AI products.”
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