Post-earnings recap
Reported
Wed, Aug 5, 2026
EPS actual
$0.08
EPS est.
$-0.22
EPS surprise
+137.04%
1-day move
+3.80%
Figma, Inc. reported earnings that exceeded expectations on EPS, which likely contributed to the stock's 3.8% increase. However, without revenue figures or management commentary, investors may remain cautious about the overall performance and future outlook of the company.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.08 | N/A | +137.04% |
| Revenue | — | N/A | — |
No transcript is on record for this earnings call, so the analysis is based solely on numerical results.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±12.7%
Figma, Inc. is a technology company specializing in application software, particularly in collaborative design tools. As a player in the Information Technology sector, Figma is significant for its role in enhancing productivity and creativity in design workflows, especially as remote work and digital collaboration continue to grow in importance.
Last quarter
In Q1-2026, Figma reported an EPS of $0.10, significantly beating analyst expectations by 160.61%. The stock reacted positively, gaining 6.86% the following day.
Management promises and guidance
EPS beat streak
4Q
EPS beat rate
50%
Avg EPS surprise
+68.01%
Avg 1-day reaction
+1.92%
Overall, expectations are mixed as Figma has consistently beaten EPS estimates in recent quarters, but there is uncertainty regarding revenue growth.
Bull case
If Figma continues its trend of beating EPS estimates and shows strong revenue growth, it could lead to increased investor confidence and a significant stock price increase.
Bear case
Conversely, if the company fails to meet revenue expectations or shows signs of slowing user growth, it could lead to a sharp decline in stock price.
Key metrics to watch
Earnings Per Share (EPS)
$0.10EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.
Revenue Growth
N/ARevenue growth reflects the company's ability to expand its customer base and increase sales, crucial for sustaining long-term growth.
The print will turn on these.
Q1
What will be the reported user growth rate this quarter?
User growth is critical for Figma's future revenue potential, and any slowdown could raise concerns among investors.
Q2
How does management plan to sustain revenue growth moving forward?
Investors will be looking for clear strategies from management to ensure continued growth in a competitive market.
Why consensus could be wrong
The Street may be underestimating Figma's potential for user growth due to its recent product enhancements and marketing efforts.
Supporting evidence
Figma's recent product updates have received positive feedback, indicating potential for increased user engagement.
The company's strong EPS surprises suggest operational efficiency that may not be fully reflected in revenue expectations.
Key risk
If user growth exceeds 15%, it could challenge the current cautious sentiment and lead to a reevaluation of the stock.
Pre-commit to what would confirm each case.
The core debate centers around Figma's ability to maintain its growth trajectory in a competitive landscape.
Bull confirmed if
A user growth rate exceeding 15% year-over-year would confirm the bull case.
Bear confirmed if
A user growth rate below 5% year-over-year would confirm the bear case.
What the market is pricing for the move.
Implied Move
±31.53%
Historical Avg
±4.6%
The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.
Options are pricing ±31.5% while FIG has averaged ±4.6% over the last 5 prints — setup is pricing rich.
ATM IV
0.9%
30d HV
84.0%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$480,654.31
22,119 sh
2 insiders
Net
$480,654.31
Net selling
Most Active Insiders· 2 open-market trades
$449,990.06
Net selling
Smart-money positioning from the most recent 13F filings.
Institutional
88.95%
of float
Insider
1.59%
of float
Holders
489
institutions
Top Holders· as of Jun 2026
Greylock Xiv Gp LLC
58,420,365 sh · $1.3B
12.84%
Flat
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Figma beats expectations, history suggests the stock could rise by about 2.55%, confirming the company's growth narrative.
In line / cautious
An in-line report may lead to muted reactions as investors await further guidance from management.
Miss
If the company misses expectations, history suggests a potential decline of around 3.93%, raising concerns about future growth.
The lines on the call that would change the story.
User Growth
N/ATracking user growth is essential for understanding market demand and the effectiveness of Figma's product offerings.
$30,664.25
Net selling
Recent Transactions
Oct 5, 2026 · @ $21.74
20,701 sh
$449,990.06
Oct 5, 2026 · @ $21.63
1,418 sh
$30,664.25
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Index Venture Associates VI Ltd
54,808,069 sh · $1.2B
12.04%
-4.9%
Sc Us (ttgp), Ltd.
26,728,172 sh · $577.9M
5.87%
Flat
FMR, LLC
17,519,489 sh · $378.8M
3.85%
-15.5%
Price (T.Rowe) Associates Inc
16,919,384 sh · $365.8M
3.72%
35.1%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.