Figma reported a substantial third quarter beat for fiscal year 2026, characterized by 43% year-over-year revenue growth that surpassed the high end of its prior guidance range. The results were primarily propelled by the rapid adoption of usage-based AI features and sustained expansion within its large enterprise customer base, leading management to raise its full-year revenue and operating income outlook.
Key Highlights
- Revenue reached $391.4 million, a 4% beat against the $376.4 million analyst estimate, reflecting strong conversion from AI experimentation to deployment.
- Enterprise momentum remains robust with a Net Dollar Retention rate of 131% and the addition of 3,650 customers generating over $10,000 in ARR compared to the same period last year.
- Operational efficiency and AI cost management supported a non-GAAP operating margin of 12% and the generation of $41.5 million in free cash flow.