Equity Profile

FIG

Figma, Inc.

Information TechnologyApplication Software$14.0B

Aug14Fri

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Figma, Inc. is a software company specializing in collaborative design tools that enable teams to create and prototype digital products....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and financial health, which investors closely monitor.

$0.10

Revenue Growth

Revenue growth reflects the company's ability to expand its market presence and attract new customers, crucial for long-term sustainability.

N/A

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

FIG Q2-2026 Earnings Preview

Context

Company Snapshot

Figma, Inc. is a software company specializing in collaborative design tools that enable teams to create and prototype digital products. As part of the Information Technology sector, Figma plays a significant role in the growing trend of remote collaboration and digital design, which has gained momentum in recent years.

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 Q1-2026, Figma reported an EPS of $0.10, significantly beating expectations by 160.61%. The stock reacted positively, gaining 6.86% the following day.

Management Promises & Guidance

Continued focus on enhancing user experience and product features.
Commitment to expanding the customer base through targeted marketing strategies.
Plans to invest in research and development to stay ahead in the competitive landscape.

Expectations

Wall Street Expectations

Overall, expectations are high for Figma's upcoming earnings report, especially after a strong performance last quarter. Investors are eager to see if the company can maintain its momentum.

Bull Case

The optimistic view hinges on Figma delivering another earnings surprise, showcasing robust revenue growth and strong customer retention, which would reinforce its market position.

Bear Case

Conversely, if Figma fails to meet expectations or shows signs of slowing growth, it could lead to a significant drop in stock price, reflecting investor concerns about sustainability.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.10

EPS is a key indicator of a company's profitability and financial health, which investors closely monitor.

Revenue Growth

N/A

Revenue growth reflects the company's ability to expand its market presence and attract new customers, crucial for long-term sustainability.

Customer Retention Rate

N/A

A high customer retention rate indicates strong product satisfaction and loyalty, essential for recurring revenue.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to last quarter's surprise?

Given the strong EPS surprise last quarter, investors will be keen to see if Figma can replicate or exceed this performance, which could significantly impact stock sentiment.

What insights can management provide on customer acquisition and retention rates?

Understanding customer dynamics is crucial for assessing Figma's growth potential and sustainability in a competitive market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Figma's ability to sustain growth due to its unique collaborative features that differentiate it from competitors.

Supporting Evidence

Figma's strong EPS surprise history indicates potential for continued outperformance.

The options market pricing a 31.53% move suggests significant expectations that may not align with conservative analyst estimates.

Key Risk

If customer acquisition rates show unexpected strength, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Figma's ability to maintain its growth trajectory and customer satisfaction in a competitive landscape.

Bull Confirmed If

An EPS of $0.10 or higher, coupled with strong customer retention metrics, would confirm the bull case.

Bear Confirmed If

An EPS below $0.00 or indications of declining customer retention would validate the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±31.53%

Historical Avg

±4.9%

Pricing rich

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

Options are pricing ±31.5% while FIG has averaged ±4.9% over the last 4 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

84.0%

Calls (4.4M)P/C Ratio: 0.19Puts (433K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Figma beats expectations, history suggests the stock could rise by an average of 2.55%, confirming strong market confidence.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may see muted reactions as investors reassess growth prospects.

Miss

A miss could lead to a decline, with historical data suggesting an average drop of 3.93% in such scenarios.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new product features and user engagement metrics.
2Management commentary on competitive positioning and market trends.
3Insights into customer feedback and satisfaction levels.
4Any guidance on future revenue growth and strategic initiatives.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Figma, Inc. is a software company specializing in collaborative design tools that enable teams to create and prototype digital products....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and financial health, which investors closely monitor.

$0.10

Revenue Growth

Revenue growth reflects the company's ability to expand its market presence and attract new customers, crucial for long-term sustainability.

N/A

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

FIG Q2-2026 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 Q1-2026, Figma reported an EPS of $0.10, significantly beating expectations by 160.61%. The stock reacted positively, gaining 6.86% the following day.

Management Promises & Guidance

Continued focus on enhancing user experience and product features.
Commitment to expanding the customer base through targeted marketing strategies.
Plans to invest in research and development to stay ahead in the competitive landscape.

Expectations

Wall Street Expectations

Overall, expectations are high for Figma's upcoming earnings report, especially after a strong performance last quarter. Investors are eager to see if the company can maintain its momentum.

Bull Case

The optimistic view hinges on Figma delivering another earnings surprise, showcasing robust revenue growth and strong customer retention, which would reinforce its market position.

Bear Case

Conversely, if Figma fails to meet expectations or shows signs of slowing growth, it could lead to a significant drop in stock price, reflecting investor concerns about sustainability.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.10

EPS is a key indicator of a company's profitability and financial health, which investors closely monitor.

Revenue Growth

N/A

Revenue growth reflects the company's ability to expand its market presence and attract new customers, crucial for long-term sustainability.

Customer Retention Rate

N/A

A high customer retention rate indicates strong product satisfaction and loyalty, essential for recurring revenue.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to last quarter's surprise?

Given the strong EPS surprise last quarter, investors will be keen to see if Figma can replicate or exceed this performance, which could significantly impact stock sentiment.

What insights can management provide on customer acquisition and retention rates?

Understanding customer dynamics is crucial for assessing Figma's growth potential and sustainability in a competitive market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Figma's ability to sustain growth due to its unique collaborative features that differentiate it from competitors.

Supporting Evidence

Figma's strong EPS surprise history indicates potential for continued outperformance.

The options market pricing a 31.53% move suggests significant expectations that may not align with conservative analyst estimates.

Key Risk

If customer acquisition rates show unexpected strength, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Figma's ability to maintain its growth trajectory and customer satisfaction in a competitive landscape.

Bull Confirmed If

An EPS of $0.10 or higher, coupled with strong customer retention metrics, would confirm the bull case.

Bear Confirmed If

An EPS below $0.00 or indications of declining customer retention would validate the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±31.53%

Historical Avg

±4.9%

Pricing rich

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

Options are pricing ±31.5% while FIG has averaged ±4.9% over the last 4 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

84.0%

Calls (4.4M)P/C Ratio: 0.19Puts (433K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Figma beats expectations, history suggests the stock could rise by an average of 2.55%, confirming strong market confidence.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may see muted reactions as investors reassess growth prospects.

Miss

A miss could lead to a decline, with historical data suggesting an average drop of 3.93% in such scenarios.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new product features and user engagement metrics.
2Management commentary on competitive positioning and market trends.
3Insights into customer feedback and satisfaction levels.
4Any guidance on future revenue growth and strategic initiatives.