Figma shares dropped 14% after its first post-IPO earnings report, posting breakeven EPS and $249.6M revenue, up 41% YoY.

Net income was $846K, with $11.5M in adjusted operating income.

Q3 revenue is projected at $263–$265M, above consensus, and full-year revenue just over $1B. Growth is driven by Dev Mode, new AI tools, and acquisitions, CNBC has reported.

The company has 1,119 large customers, a 129% net retention rate, and $1.6B in cash and securities.