Figma releases transcript of Q1 2026 earnings call

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  • Figma Q1 2026 earnings call drew CEO, President and Chairman Dylan Field, CFO and Treasurer Praveer Melwani, General Counsel and Secretary Brendan Mulligan, with analysts from Wolfe Research, William Blair, Goldman Sachs, Stifel, Morgan Stanley, BTIG, Wells Fargo, Piper Sandler.
  • Revenue rose 46% year-over-year to USD 333 million, non-GAAP operating margin reached 16%, free cash flow margin was 27%, cash and marketable securities totaled USD 1.6 billion, net dollar retention increased to 139%.
  • Full-year revenue guidance increased to USD 1.422 billion-USD 1.428 billion, non-GAAP operating income outlook lifted to USD 125 million-USD 135 million; Q2 revenue forecast set at USD 348 million-USD 350 million.
  • Management flagged AI as key driver, citing early traction from AI credit monetization launched March 18; by end of April, over 75% of Org and Enterprise users previously above credit limits kept consuming credits, over 95% stayed active.
  • Seat expansion accelerated with broader Make adoption, including weekly Make usage at about 60% of customers above USD 100,000 ARR; CFO pointed to levers to manage AI inference costs via model routing, provider optimization, first-party models.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Figma Inc. published the original content used to generate this news brief on May 16, 2026, and is solely responsible for the information contained therein.