New York, June 12, 2026, 13:16 ET — Figma stock fell again even as the company continued to report gains in its AI segment.
• Figma shares traded near $18.12 in early afternoon New York, sliding further after several days of losses.
• That comes even after Figma’s last quarter, which saw revenue up 46%, and the company lifted its full-year forecast.
• Investors continue to watch Figma’s push to make money from AI, while valuation, losses, and AI rivals weigh on the stock.
Figma shares dropped again Friday, adding more strain on a 2025 software IPO that’s drawn heavy attention. The design-platform company has posted solid AI-fueled revenue growth. Shares were at $18.12 lately, hitting a session low of $17.85. Market cap stood near $9.48 billion, based on data just after 1 p.m. in New York.
Figma shares kept sliding after what Trefis called an eight-day losing streak, with the stock dropping about 29% in that window and wiping out $4.1 billion in value. Year to date, Trefis put Figma at a 48.2% loss, way behind the S&P 500’s 8.0% rise for the same period in the firm’s table.
Figma’s drop has widened the gap between its stock price and business pace. Simply Wall St reported this week that Figma last closed at $20.49, down 45.5% since the start of the year and off 15.6% for the past week. The firm also pointed out shares are well under the $36.88 analyst target it cited. StockAnalysis put out a consensus “Hold” rating from 12 analysts and matched the $36.88 average price target. Simply Wall St StockAnalysis
Figma’s latest earnings came in strong for bulls. First-quarter revenue jumped 46% to $333.4 million, beating the company’s own forecast. Figma also lifted its full-year revenue outlook to $1.422 billion to $1.428 billion. Co-founder and CEO Dylan Field said in the statement that “design is the competitive edge,” calling Figma’s platform even more key as AI drops the price of coding. Business Wire
AI was a big part of the quarter. Figma reported paid customers up 54% from a year ago to around 690,000. About 60% of clients spending over $100,000 a year on Figma Make used it weekly. After Figma set AI credit limits on March 18, over 75% of Org and Enterprise users who had gone past their caps kept using the service.
Figma is still losing money and burning cash to grow. In the first quarter, the company posted a GAAP net loss of $142.4 million and a GAAP operating loss of $137.4 million. On a non-GAAP basis, Figma showed operating income of $52.1 million. It reported $1.6 billion in cash, cash equivalents and marketable securities.
AI is changing the design-software market. Reuters said Thursday that Adobe boosted its annual revenue and profit outlooks, but it faces more pressure from Figma and Canva. Both rivals have quickly added AI tools. Adobe said its AI-first annual recurring revenue has now tripled to over $500 million.
Figma has set its next investor event. The company plans an investor and analyst session at Config 2026 in San Francisco, scheduled for June 24 at 2 p.m. Pacific. The session will be webcast on Figma’s investor relations site. Management is expected to face fresh questions about revenue growth, especially around AI credit monetization, Figma Make and similar products.
