SAN FRANCISCO, May 15, 2026, 05:01 PDT
- Figma bumped its 2026 revenue outlook to a range of $1.422 billion to $1.428 billion, following a 46% climb in first-quarter revenue.
- Before the bell, shares jumped 10.6%, adding to Thursday’s post-earnings rally.
- The report offered investors a clearer read on whether AI is denting design software demand—or if it’s actually boosting Figma’s sales.
Shares of Figma Inc. climbed in premarket trade Friday, as the design software firm raised its outlook for annual revenue, citing increased uptake of its artificial intelligence features and new fees on top AI users for credits.
This shift is grabbing attention, with Figma standing out as a key example in the ongoing debate: will AI agents end up sidelining specialist apps, or boost their worth within big companies? The company reported first-quarter revenue of $333.4 million, a 46% jump—beating its own forecast and topping analyst numbers, according to Reuters.
Shares changed hands at $22.39 as of 8:00 a.m. Eastern, jumping 10.6% from Thursday’s $20.24 finish, Public.com data show. Activity before the bell tends to be light, but the move hints at some reprieve for software stocks that have been hammered by worries over AI-driven upheaval.
Figma is raising its full-year revenue forecast to a range of $1.422 billion to $1.428 billion, bumping up its target by $55 million. Forecasts for the second quarter now stand at $348 million to $350 million in revenue. For 2026, the company projects non-GAAP operating income to land between $125 million and $135 million. These non-GAAP results leave out items like stock-based pay to present an adjusted operational snapshot.
“Q1 was an incredible quarter for Figma,” said co-founder and CEO Dylan Field in the earnings release. CFO Praveer Melwani pointed to seat growth and traction from Figma Make, MCP, and Figma Weave—newer offerings with AI features—as driving the quarter’s results. investor.figma.com
AI credit limits are now a major plot point for the company. On March 18, Figma started capping AI credits—since then, over 75% of Organization and Enterprise customers who’d gone over their limits used credits again in April. As of April 30, more than 95% of that group was still actively using the platform.
That’s the strongest indication yet that Figma isn’t footing the entire AI bill—it’s passing on those costs. Paid customer count jumped 54% year over year, hitting roughly 690,000. The tally of clients shelling out more than $100,000 in annual recurring revenue climbed 48%, landing at 1,525.
But the risk isn’t just academic. Last month, Reuters said Anthropic rolled out Claude Design—a tool geared for design work, building interactive prototypes, and putting together pitch decks. “You can’t dismiss them,” Melwani told Reuters, pointing to Anthropic’s knack for tying its AI models directly into its products. Reuters
The landscape is broadening—competition isn’t just Adobe and Canva anymore. Figma said its Code to Canvas now integrates with Claude Code, Codex, Cursor, VS Code, and Warp, so users can pull generated interfaces straight into the platform as editable layers. With that move, Figma edges away from being just a design tool, aiming instead to serve as a hub where teams can review, tweak, and ship AI-generated projects.
On the expense front, Figma posted a GAAP operating loss of $137.4 million for the quarter, with net loss at $142.4 million. Non-GAAP operating income, however, landed at $52.1 million. That split highlights ongoing hefty costs—investors are eyeing whether appetite for AI will outweigh those infrastructure and payroll pressures.
Right now, investors are taking Figma’s quarter as proof that AI hasn’t upended its business. The tougher issue? What happens if rival AI design tools drop in price, improve, and get more deeply integrated with code generation.
