Design software maker Figma saw its shares plunge 15.2% to close at $68.13 during the latest trading session. The sharp drop came after the company released its first quarterly earnings report since its IPO, which fell short of investors’ high expectations.
In Q2, Figma’s revenue rose 41% year-over-year to $249.6 million, slightly exceeding analysts’ consensus forecast of $248.8 million. The company posted a net profit of $846,000, compared with a net loss of $827.9 million in the same period last year. Adjusted operating profit came in at $11.5 million, in line with analyst expectations.
Looking ahead, Figma remains optimistic. The company expects full-year 2025 revenue to slightly exceed $1.02 billion, representing roughly 37% year-over-year growth and surpassing analyst forecasts. Q3 revenue is projected in the $263–265 million range.
Despite solid financials, investor concerns persist. The stock’s 250% gain since its IPO has raised questions about overvaluation. Analysts also warn that profit margins could decline and competition in the market poses risks. Most currently rate the shares as “Hold,” highlighting that, despite positive earnings, investor focus remains on valuation and future risks.
