Figma, Inc. Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Figma Q2 2026 Earnings Summary

Revenue: $370 million, +48% YoY (third consecutive quarter of accelerated growth). This marks the first full quarter of AI credit monetization.

Key Metrics vs. Prior Periods:

  • Non-GAAP gross profit: $314 million (+40% YoY, accelerated 9 percentage points QoQ); gross margin 85% (+2.5 pp QoQ).
  • Net dollar retention rate (NDR): 136% (stable, even while anniversarying March 2025 pricing changes).
  • Paid customers >$10k ARR: +34% YoY.
  • Paid customers >$100k ARR: +46% YoY.
  • International revenue: +50% YoY.
  • Non-GAAP operating margin: 10% (seasonal Config impact).
  • Free cash flow margin: 14%.
  • Cash, equivalents & marketable securities: $1.7 billion.

Business & Product Highlights

  • AI adoption: Over 80% of paid customers >$10k ARR consuming credits weekly; >50% using Figma agent weekly as of July 31; >20% of weekly credit users exclusively via agent.
  • New capabilities launched at Config (June): Code Layers (early access soon), Figma Motion, Shaders, Weave, generative plugins. MCP write-to-Figma usage +75% QoQ.
  • Customer examples: Large tech firm added AI credit add-on for 25k+ seats (more engineers than designers); infrastructure company 5x credit commitment; global financial institution reduced prototyping from quarter to days.

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Hello, everyone. Thank you for joining us, and welcome to the Figma Second Quarter 2026 Earnings Call. [Operator Instructions] I will now hand the conference over to Kate DeLeo, Vice President of Investor Relations. Kate, please go ahead. Kate DeLeo: Good afternoon, and thank you for joining us on today's conference call to discuss Figma's results for the second quarter of 2026. On the call, we have Dylan Field, Figma's Co-Founder and Chief Executive Officer; and Praveer Melwani, our Chief Financial Officer. During the course of today's call, we may make forward-looking statements, including, but not limited to, statements regarding our guidance and future financial performance, market demand, product development, growth prospects, business strategies and plans, partnerships, ability to attract and retain customers and ability to compete effectively. These forward-looking statements are based on management's current views and assumptions and should not be relied upon as of any subsequent date, and we disclaim any obligation to update any forward-looking statements. Actual results may vary materially from today's statements. Information concerning our risks, uncertainties and other factors that could cause results to differ from these forward-looking statements are included in our filings with the SEC, including our quarterly report on Form 10-Q for the quarter ended June 30, 2026. Our discussion today will include certain non-GAAP financial measures. These non-GAAP

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional