Figma stock is gaining 4.2% in morning trading, extending its powerful post-earnings rally.
Q1 revenue grew 46% year-over-year to $333.4 million, accelerating from 40% growth in the prior quarter. The company raised its full-year revenue and non-GAAP operating income guidance.
Adjusted earnings per share of $0.10 beat the $0.06 consensus estimate.
CEO Dylan Field called the quarter 'incredible,' stating that 'when code is a commodity, design is the competitive edge.'
Figma launched a purpose-built AI design agent in beta, which markets are registering positively.
Net Dollar Retention Rate reached 139%, the highest in over two years.
Analysts lowered price targets, but fundamentals remain strong.
The S&P 500, Dow Jones, and NASDAQ are all trading in positive territory, supporting today's move.
The AI product launch and raised guidance strengthen the bull case for Figma.
