TLDR
- Figma (FIG) stock surged ~15% after hours Wednesday after Q4 earnings and guidance topped Wall Street estimates.
- Q4 revenue of $303.8M grew 40% year over year, beating the $293.15M consensus.
- Q1 2026 guidance of $315–$317M came in well above the $292M analyst estimate.
- Net Dollar Retention rose to 136%, up from 131% in Q3.
- AI credit limits roll out in March, opening a new monetization stream.
Figma stock jumped roughly 15% in after-hours trading Wednesday after the company posted Q4 results and forward guidance that cleared analyst expectations by a wide margin.
Results:
Adj. EPS: $0.08
Revenue: $303.8M
Net Loss: $226.6M
Fourth quarter revenue of $303.8 million reflects an accelerated 40% year-over-year growth rate. pic.twitter.com/8zOO2JX5Ip
— EarningsTime (@Earnings_Time) February 18, 2026
Q4 revenue landed at $303.8 million, up 40% year over year, ahead of the $293.15 million LSEG consensus. Adjusted EPS came in at $0.08, beating the $0.07 estimate.
The quarter also produced a GAAP net loss of $226.6 million, or $0.44 per share, compared to net income of $33.1 million in Q4 2024. On the cash side, adjusted free cash flow came in positive at $38.5 million, a 13% margin.
Guidance Well Above Expectations
For Q1 2026, Figma guided revenue of $315–$317 million, implying 38% growth and comfortably above the $292 million consensus.
Full-year 2026 revenue guidance came in at $1.366–$1.374 billion, ahead of the $1.29 billion analyst estimate. Adjusted operating income is projected at $100–$110 million.
Net Dollar Retention from customers spending at least $10,000 annually climbed to 136%, up from 131% in Q3, beating internal targets. Figma ended the quarter with 13,861 paid customers in that tier, including 1,405 above $100K ARR and 67 above $1 million.
AI Usage Surging — and Now It’ll Cost More
Weekly active users of Figma Make, the company’s AI-powered prototyping tool, grew over 70% quarter over quarter. Adjusted gross margin held at 86% despite the surge, thanks to infrastructure optimizations that reduced per-user costs.
Starting in March, Figma will enforce monthly AI credit limits across account tiers. Customers will either pay by usage or opt for AI credit subscriptions.
CFO Praveer Melwani described usage as a “power law distribution,” where a small group of users consume a disproportionate share of credits — which he sees as a clear upsell opportunity. More than half of customers spending over $100,000 annually had employees using Figma Make weekly during the quarter.
CEO Dylan Field pushed back on the idea that AI threatens software demand. “If you look at software, not only is it not going away. There’s going to be way more of it than ever before,” he said, while noting the market is “potentially increasingly competitive.”
What Analysts Are Saying
RBC analyst Rishi Jaluria, who carries the equivalent of a hold rating, noted “positive commentary around both Figma Make and Figma Design, indicating increased adoption of AI workflows across Figma’s platform.”
Despite Wednesday’s after-hours pop, FIG shares were still down around 35% year to date at the close.
The post Figma (FIG) Stock: Q4 Earnings Beat Sends Shares 15% Higher appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.