Quarterly ResultMay 14, 2026, 04:15 PM
Figma Q1 Revenue $333.4M, up 46%; Raises Full-Year Guidance
AI Summary
Figma, Inc. announced strong financial results for the first quarter ended March 31, 2026, with revenue accelerating to $333.4 million, a 46% increase year-over-year. The company exceeded its previously issued guidance and raised its full-year revenue and non-GAAP operating income outlook, driven by sustained seat expansion and increasing adoption of its AI products. Key metrics like Net Dollar Retention Rate and growth in high-value paid customers also showed significant improvement.
Key Highlights
- Q1 2026 revenue was $333.4 million, up 46% year-over-year, accelerating from previous quarters.
- Non-GAAP operating income for Q1 was $52.1 million, representing a 16% operating margin.
- Net cash provided by operating activities was $97.3 million, with a 29% operating cash flow margin.
- Free Cash Flow was $88.6 million, with a 27% Free Cash Flow Margin.
- Net Dollar Retention Rate reached 139% as of March 31, 2026, the highest in over two years.
- Paid Customers with over $10,000 in ARR grew 37% year-over-year to 15,218.
- Full Year 2026 revenue guidance raised to $1.422 billion - $1.428 billion, implying 35% YoY growth.
- Full Year 2026 non-GAAP operating income guidance set at $125.0 million - $135.0 million.