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Sep 30, 2025
Figma Inc Q3 2025 Earnings Report
Figma posted record Q3 2025 results with strong revenue growth and rising customer adoption of its AI-powered products.
Key Takeaways
Figma delivered its best quarter to date, crossing the $1 billion ARR milestone. Non-GAAP net income and operating income turned positive, driven by strong adoption of Figma Make and AI features. The company raised its full-year guidance amid continued momentum.
Forward Guidance
Figma raised its full-year revenue guidance and expects continued growth into Q4 2025, driven by strong adoption of AI products and platform expansion.
Positive Outlook
- Raised full-year 2025 revenue guidance to $1.044–$1.046 billion
- Q4 2025 revenue guidance of $292M–$294M, implying 35% YoY growth
- Strong adoption of Figma Make by large customers
- AI product traction expanding usage across teams
- Continued investment in platform and new features
Challenges Ahead
- One-time IPO-related stock compensation drove GAAP losses
- GAAP net loss of over $1.09 billion in Q3 due to stock comp
- Operating margin significantly negative on GAAP basis
- Heavy R&D spending compressing GAAP margins
Historical Earnings Impact
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Avg. Return Before/After Earnings
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