[New York Movers] Figma Soars Over 15% After Hours on Upbeat Annual Revenue Outlook

Figma surged more than 15% in after-hours trading. This is seen as a reaction to the company issuing an annual revenue outlook that beat market expectations, at a time when intensifying competition in artificial intelligence (AI) is fueling concerns about the software sector as a whole.

On the 18th (local time), Figma closed at 24.19 dollars, up 4.72% from the previous trading day. Its share price then climbed more than 15% in after-hours trading.

Figma is a web-based design collaboration software company that offers browser-based real-time collaboration and design and prototyping capabilities. Recently, it has been strengthening its product lineup by expanding its generative AI features.

The company projected that its revenue for fiscal year 2026 will reach approximately 1.37 billion dollars. This exceeds Wall Street’s consensus estimate of 1.29 billion dollars compiled by Bloomberg. Its first-quarter revenue guidance was presented in the range of 315 million to 317 million dollars.

The company’s fourth-quarter results last year also beat market expectations. Revenue came in at 303.8 million dollars, up 40% from the same period a year earlier. Earnings per share (EPS), excluding one-off items, were 8 cents, topping the Wall Street forecast of 7 cents. Revenue also exceeded the market projection of 293.1 million dollars.

During a conference call following the earnings release, Chief Executive Officer (CEO) Dylan Field said, "Our growth and momentum show that our strategy is working," adding, "In 2025, we increased our number of products from four to eight and launched more than 200 new features, including AI-native capabilities."