Equity Profile

FIG

Figma, Inc.

Information TechnologyApplication Software$12.4B

May14Thu

Post-Earnings Recap

ReportedQ1-2026After Close4:05 PM EDT

Figma, Inc. Beats on EPS, Stock Up 6.86%

Metric	Actual	Expected	Surprise
EPS	$0.10	$0.06	+160.61%
Revenue	—	$316M	—

management commentary, guidance changes, and full analysis available with Pro.

Figma, Inc. Beats on EPS, Stock Up 6.86%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.10	$0.06	+160.61%
Revenue	—	$316M	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Figma's strong earnings per share performance exceeded expectations significantly, which likely contributed to the stock's 6.86% increase. However, the lack of revenue data and management commentary leaves some uncertainty about the overall performance and future outlook. Investors may be encouraged by the EPS beat but will need more information for a complete picture.

Company Snapshot

Figma, Inc. is a technology company specializing in application software, particularly focused on design tools that facilitate collaboration among teams....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well Figma is managing its costs and generating profit.

$0.06

Revenue

Revenue growth is crucial for assessing the company's market demand and overall financial health.

$316M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Figma, Inc. is a technology company specializing in application software, particularly focused on design tools that facilitate collaboration among teams. As businesses increasingly prioritize digital collaboration and design efficiency, Figma's offerings are becoming more relevant in the growing tech landscape.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+55.56%

Avg Stock Reaction

+1.44%

Last Quarter Recap

In the last quarter, Figma reported an EPS of $0.08, significantly beating expectations of a loss. The stock reacted positively, gaining 4.72% the following day.

Management Promises & Guidance

Continue to innovate and enhance product offerings.
Focus on expanding customer base and increasing market share.
Maintain cost management to support profitability.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Figma's upcoming earnings, expecting a modest profit and stable revenue growth.

Bull Case

If Figma exceeds EPS expectations and shows strong revenue growth, it could indicate robust demand for its products, leading to a significant stock price increase.

Bear Case

Conversely, if Figma fails to meet earnings expectations or shows signs of slowing growth, it could lead to a negative reaction from investors.

Key Metrics to Watch

EPS

$0.06

Earnings per share is a key indicator of profitability and will show how well Figma is managing its costs and generating profit.

Revenue

$316M

Revenue growth is crucial for assessing the company's market demand and overall financial health.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Figma's EPS exceed the consensus estimate of $0.06?

A beat on EPS would reinforce the company's profitability and growth narrative, boosting investor confidence.

What is the revenue guidance for the next quarter?

Clear guidance on revenue will help investors gauge the company's growth trajectory and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Figma's ability to innovate and capture market share, especially given recent trends in digital collaboration tools.

Supporting Evidence

Figma has consistently beaten EPS estimates in recent quarters, indicating strong operational performance.

The options market is pricing a larger move than historical averages, suggesting traders expect significant news.

Recent trends in remote work and digital design may drive higher demand for Figma's products.

Key Risk

If Figma's revenue growth exceeds $320M, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will indicate whether Figma can sustain its growth momentum amid increasing competition.

Bull Confirmed If

An EPS of $0.07 or higher with revenue exceeding $316M would confirm the bull case.

Bear Confirmed If

An EPS below $0.05 or revenue falling short of $315M would validate the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±16.58%

Historical Avg

±4.9%

Pricing rich

The options market is pricing in a significant potential move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±16.6% while FIG has averaged ±4.9% over the last 4 prints — setup is pricing rich.

Detail

ATM IV

4.0%

30d HV

40.6%

Calls (8.6M)P/C Ratio: 0.30Puts (1.5M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Figma beats expectations, history suggests a potential stock increase of around 0.39%, confirming positive market sentiment.

In-Line / Cautious

An in-line report may lead to muted reactions as investors await further clarity from management commentary.

Miss

A miss could result in a decline, with historical patterns indicating a potential drop of around 4.18%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer acquisition and retention rates.
2Any commentary on new product features or enhancements.
3Insights into competitive positioning in the design software market.
4Management's outlook on future revenue growth and market trends.
5Details on cost management strategies and their impact on profitability.

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Company Snapshot

Figma, Inc. is a technology company specializing in application software, particularly focused on design tools that facilitate collaboration among teams....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well Figma is managing its costs and generating profit.

$0.06

Revenue

Revenue growth is crucial for assessing the company's market demand and overall financial health.

$316M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+55.56%

Avg Stock Reaction

+1.44%

Last Quarter Recap

In the last quarter, Figma reported an EPS of $0.08, significantly beating expectations of a loss. The stock reacted positively, gaining 4.72% the following day.

Management Promises & Guidance

Continue to innovate and enhance product offerings.
Focus on expanding customer base and increasing market share.
Maintain cost management to support profitability.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Figma's upcoming earnings, expecting a modest profit and stable revenue growth.

Bull Case

If Figma exceeds EPS expectations and shows strong revenue growth, it could indicate robust demand for its products, leading to a significant stock price increase.

Bear Case

Conversely, if Figma fails to meet earnings expectations or shows signs of slowing growth, it could lead to a negative reaction from investors.

Key Metrics to Watch

EPS

$0.06

Earnings per share is a key indicator of profitability and will show how well Figma is managing its costs and generating profit.

Revenue

$316M

Revenue growth is crucial for assessing the company's market demand and overall financial health.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Figma's EPS exceed the consensus estimate of $0.06?

A beat on EPS would reinforce the company's profitability and growth narrative, boosting investor confidence.

What is the revenue guidance for the next quarter?

Clear guidance on revenue will help investors gauge the company's growth trajectory and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Figma's ability to innovate and capture market share, especially given recent trends in digital collaboration tools.

Supporting Evidence

Figma has consistently beaten EPS estimates in recent quarters, indicating strong operational performance.

The options market is pricing a larger move than historical averages, suggesting traders expect significant news.

Recent trends in remote work and digital design may drive higher demand for Figma's products.

Key Risk

If Figma's revenue growth exceeds $320M, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will indicate whether Figma can sustain its growth momentum amid increasing competition.

Bull Confirmed If

An EPS of $0.07 or higher with revenue exceeding $316M would confirm the bull case.

Bear Confirmed If

An EPS below $0.05 or revenue falling short of $315M would validate the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±16.58%

Historical Avg

±4.9%

Pricing rich

The options market is pricing in a significant potential move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±16.6% while FIG has averaged ±4.9% over the last 4 prints — setup is pricing rich.

Detail

ATM IV

4.0%

30d HV

40.6%

Calls (8.6M)P/C Ratio: 0.30Puts (1.5M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Figma beats expectations, history suggests a potential stock increase of around 0.39%, confirming positive market sentiment.

In-Line / Cautious

An in-line report may lead to muted reactions as investors await further clarity from management commentary.

Miss

A miss could result in a decline, with historical patterns indicating a potential drop of around 4.18%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer acquisition and retention rates.
2Any commentary on new product features or enhancements.
3Insights into competitive positioning in the design software market.
4Management's outlook on future revenue growth and market trends.
5Details on cost management strategies and their impact on profitability.