On August 6, Figma declined 15.17% in pre-market trading, trading at approximately $23.97 per share, with turnover of $585,900.
The decline follows Figma's Q2 earnings release, where revenue of $370.1 million beat the consensus estimate of $351.6 million by 5.3%, and adjusted EPS of $0.08 doubled the $0.04 estimate. The company also raised full-year revenue guidance to $1.463-$1.467 billion, above the analyst consensus of $1.44 billion. However, Figma maintained its full-year profit outlook unchanged, intensifying concerns that aggressive AI investment is eroding margins.
R&D expenses surged 101.5% year-over-year, with total operating expenses nearly doubling to $426.9 million. GAAP operating losses widened to $117 million, and free cash flow margin contracted from 24% to 14%. Additionally, shares had rallied sharply in the sessions preceding the report, with the stock gaining over 5% on consecutive days, suggesting the beat was largely priced in and prompting profit-taking upon release.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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