Figma (FIG) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue grew 48% year-over-year to $370.1 million, marking the third consecutive quarter of accelerating growth and driven by strong customer expansion, AI credit monetization, and new product adoption.

• Net Dollar Retention Rate was 136%, reflecting robust customer retention and expansion, with over 80% of large paid customers consuming AI credits weekly.

• Major product launches included Code Layers, Figma Agent, Motion, Shaders, and generative plugins, driving AI adoption and platform expansion.

• Leadership transitions included new roles for CTO, CSO, and CMO, and a CPO departure.

• Net loss was $112.2 million for Q2 2026, primarily due to increased stock-based compensation and AI investments.

Financial highlights

• Non-GAAP gross profit was $314 million, up 40% year-over-year, with a non-GAAP gross margin of 85%; GAAP gross profit was $309.6 million.

• Non-GAAP operating income was $36.1 million, with a 10% margin; GAAP loss from operations was $(117.3) million.

• Free cash flow was $53.2 million for Q2, with a margin of 14%; operating cash flow margin stood at 16%.

• Ended Q2 with $1.7 billion in cash, cash equivalents, and marketable securities.

• Paid customers with more than $10,000 in ARR grew 34% year-over-year to 15,964; those with more than $100,000 in ARR grew 46% to 1,635.

Outlook and guidance

• Q3 2026 revenue guidance is $373–$375 million, representing 36% year-over-year growth at midpoint.

• Full-year 2026 revenue guidance raised to $1.463–$1.467 billion, implying 39% growth at midpoint.

• Full-year non-GAAP operating income guidance maintained at $125–$135 million (9% margin midpoint).

• Guidance does not include revenue from products still in beta or early access.