Figma posted Q1 2026 revenue of $333.4 million, up 46% YoY and beating estimates by over 5%.
EPS of $0.10 topped the $0.06 forecast (67% beat) and full‑year revenue and non‑GAAP operating income guidance were raised above consensus.
Net Dollar Retention reached 139% (highest in two years) as AI‑driven seat expansion spurred a ~9% pre‑market stock surge.
Analysts kept Perform ratings despite a lower RBC target; retail sentiment turned extremely bullish, while Anthropic risk poses a potential headwind.