Core Insights - Figma has raised its annual revenue forecast, indicating confidence in its growth strategy and market position [1] Company Summary - Figma is focusing on expanding its product line-up to enhance its offerings [1] - The company aims to grow its user base, which is a critical component of its revenue growth strategy [1]

Core Insights - Figma achieved an annual revenue run rate exceeding $1 billion in the third quarter, indicating significant growth in the design platform's adoption [1] Company Summary - Figma's design platform has seen increased adoption, contributing to its milestone of crossing $1 billion in annual revenue run rate [1]

Financial Performance - Third quarter revenue reached $274.2 million, marking a 38% year-over-year growth and exceeding previous guidance, with an annual revenue run-rate surpassing $1 billion[5] - GAAP net loss was $(1.1) billion, influenced by a one-time stock-based compensation expense of $975.7 million due to the initial public offering[5] - Non-GAAP net income was $62.4 million, with a non-GAAP operating margin of 12%[5] - Revenue for the three months ended September 30, 2025, was $274.173 million, a 37.9% increase from $198.639 million in the same period of 2024[23] - Gross profit for the three months ended September 30, 2025, was $190.289 million, compared to $179.936 million in the prior year, reflecting a gross margin improvement[23] - Net loss for the three months ended September 30, 2025, was $1.097 billion, compared to a net loss of $15.598 million in the same quarter of 2024, indicating a substantial increase in losses[23] - GAAP gross profit for Q3 2025 was $190.3 million, up from $179.9 million in Q3 2024, representing a 7.5% increase[29] - Non-GAAP gross profit for Q3 2025 reached $236.9 million, compared to $183.1 million in Q3 2024, marking a 29.4% increase[29] - GAAP net loss for the nine months ended September 30, 2025, was $1.1 billion, compared to a net loss of $829.9 million for the same period in 2024[31] - Non-GAAP net income for Q3 2025 was $62.4 million, up from $47.2 million in Q3 2024, reflecting a 32.5% increase[31] - Free Cash Flow for Q3 2025 was $49.0 million, compared to $60.4 million in Q3 2024, a decrease of 18.5%[32] - Operating Cash Flow Margin for Q3 2025 was 19%, down from 31% in Q3 2024[32] - Non-GAAP operating income for Q3 2025 was $34.0 million, compared to $47.9 million in Q3 2024, indicating a decline of 29.1%[29] - GAAP operating loss for Q3 2025 was $1.1 billion, compared to a loss of $47.3 million in Q3 2024[29] - Non-GAAP gross margin for Q3 2025 was 86%, down from 92% in Q3 2024[29] Customer Metrics - Net Dollar Retention Rate for customers with ARR of $10,000 or more was 131%, up 2 percentage points quarter-over-quarter[5] - The company added over 1,000 Paid Customers with more than $10,000 in ARR during the third quarter, totaling 12,910[5] Future Guidance - Fourth quarter revenue guidance is set between $292.0 million and $294.0 million, implying a 35% year-over-year growth at the midpoint[8] - Full year 2025 revenue outlook is between $1.044 billion and $1.046 billion, indicating a 40% year-over-year growth at the midpoint[8] Product Development - Launched over 50 new features, including AI-driven tools like Copy Design and the Figma App for ChatGPT[8] - Acquired Weavy to enhance generative AI and professional editing capabilities on the Figma platform[8] - Welcomed Loredana Crisan as Chief Design Officer, bringing extensive experience from Meta[8] Stock-Based Compensation - The company reported stock-based compensation of $1.138 billion for the three months ended September 30, 2025, compared to $88.403 million in the same period of 2024[27] - The company reported a significant increase in stock-based compensation expense, totaling $1.1 billion for Q3 2025, compared to $88.4 million in Q3 2024[31] Cash and Assets - Cash and cash equivalents as of September 30, 2025, were $340.485 million, down from $486.954 million as of December 31, 2024[25] - Total assets increased to $2.073 billion as of September 30, 2025, from $1.793 billion as of December 31, 2024[25] - Deferred revenue as of September 30, 2025, was $473.567 million, up from $381.363 million at the end of 2024, indicating growth in future revenue recognition[25] Operating Expenses - Total operating expenses for the three months ended September 30, 2025, were $1.327 billion, significantly higher than $227.272 million in the same period of 2024, primarily due to increased R&D and marketing expenses[23] - Net cash provided by operating activities for the three months ended September 30, 2025, was $51.163 million, a decrease from $61.574 million in the same quarter of 2024[27] - The company had a weighted-average share count of 403.212 million for the three months ended September 30, 2025, compared to 210.768 million in the same period of 2024[23]

Core Insights - Figma's shares surged 229% after raising $1.2 billion in an IPO, valuing the company above $20 billion, which was previously tied to a now-scrapped merger with Adobe [1] Financial Performance - Figma reported a 38% year-over-year revenue growth in Q3, with revenue reaching $274.2 million, surpassing the expected $265.2 million [2][5] - The company's net loss increased significantly to $1.10 billion, or $2.72 per share, compared to a loss of $15.6 million, or $0.07 per share, in the same quarter last year [2] Adjusted Metrics - The adjusted earnings per share were reported at 10 cents, excluding a significant rise in stock-based compensation expenses [3][5] - Figma achieved an adjusted operating margin of 12%, exceeding the StreetAccount consensus of 6.5% [3] Product Adoption - Growth was partly driven by the adoption of Figma Make, which utilizes generative AI for app design, with about 30% of customers spending over $100,000 annually using it weekly [3][4]

Figma Inc (FIG), listed on the NYSE, is a company that has recently reported its earnings, showcasing a positive performance. On November 5, 2025, FIG announced earnings per share of $0.085, surpassing the estimated $0.080. The company also reported revenue of approximately $249.64 million, exceeding the estimated $248.62 million. This performance highlights FIG's ability to exceed market expectations.Despite the positive earnings report, FIG's stock has experienced a downward trend over the past four month ...

Core Insights - Earnings season is active with numerous companies reporting, including Figma, The Trade Desk, and Airbnb [1][2] Figma - Figma's stock has experienced volatility since its IPO at $33, peaking at over $140 before declining for four consecutive months, closing at $48.17, which is 46% higher than its IPO price [4][6] - The company reported a 41% revenue increase in Q2, down from 46% in Q1 and 48% for the entire year of 2024, with adjusted profits of $0.09 per share, slightly above market expectations [6] - Figma's revenue guidance for the upcoming quarter is between $263 million and $265 million, representing only a 33% increase from $198.6 million a year prior, leading to a 20% stock drop following the announcement [7] - The platform attracts a diverse range of developers with a subscription model costing between $3 to $90 per month per user [8] - Figma's growth and net dollar retention rate are slowing, but a strong Q3 performance could help regain momentum [9]

Core Viewpoint - Figma is a well-regarded design platform facing challenges due to high market expectations and a significant drop in stock value, raising questions about its valuation and potential as a buying opportunity [1][2]. Financial Performance - Figma's shares have decreased approximately 54% over the past year, indicating investor concerns about its valuation compared to financial performance [2]. - The company's market capitalization is around $27 billion, with projected full-year revenue between $1.021 billion and $1.025 billion, reflecting a 37% increase from 2024 [3]. - Despite a positive shift from a loss of $4.53 per share in the first half of 2024 to a profit of $0.10 per share in 2025, the valuation remains high at over 25 times sales projections [5][8]. Competitive Landscape - Figma operates in a competitive market dominated by major players like Adobe and emerging companies such as Canva, which poses challenges for sustaining high growth rates [4]. Strategic Developments - The integration of Figma with ChatGPT, as highlighted by OpenAI's CEO, could enhance user engagement and expand its market reach [6][7]. - The collaboration with Google is also in progress, indicating potential for further growth and innovation [6]. Market Sentiment - Investors are cautious as Figma's stock reflects significant optimism about future performance, which may not align with actual earnings [10][11]. - Long-term investors may find the recent stock pullback an attractive entry point, but patience is advised until financial performance aligns with the high valuation [11].

Key Points There are some signs that the bull market could be getting long in the tooth. Figma shares look reasonably priced after pulling back from their post-IPO pop. TSMC remains a linchpin in AI and semiconductors. 10 stocks we like better than Figma › Doubling your money in the stock market might not seem so easy these days. After all, the S&P 500 has nearly doubled since its bottom in the 2022 bear market, and the whispers about a bubble forming in the market are getting louder. Artificial ...

Core Viewpoint - Despite recent declines, certain growth stocks are still considered strong long-term investment opportunities due to their potential for recovery and growth [1]. Group 1: Viking Therapeutics (VKTX) - Viking Therapeutics' stock is down nearly 57% from its 52-week high of $81.73, primarily due to concerns over the high discontinuation rate of its leading drug VK2735 in clinical trials [4][5]. - The company is still developing VK2735, with an injectable version in late-stage trials, which could serve as a significant growth catalyst if approved [5][7]. - Currently, Viking Therapeutics has a market cap of $4 billion, with a current stock price of $38.17, and it has shown potential for weight loss of up to 14.7% after 13 weeks of treatment [6][7]. Group 2: Cava Group (CAVA) - Cava Group's share prices have decreased over 46% this year and are down nearly 65% from their 52-week high of $172.43, attributed to a slowdown in growth [8][9]. - The company's same-store sales growth was only 2.1% in the most recent quarter, a significant drop from 14.4% a year ago, yet it remains positive amid challenging economic conditions [9]. - Cava Group has plans to expand from 400 to 1,000 locations by 2032, indicating potential for future growth despite current challenges [9][11]. Group 3: Figma (FIG) - Figma's stock has fallen from a high of $142.92 to around $53, reflecting a significant decline since its public debut [12][15]. - The company has a market cap of $24 billion and reported $249.6 million in revenue for the period ending June 30, representing a 41% increase year-over-year [13][15]. - Figma's valuation is comparable to Adobe's previous bid of $20 billion for the company, suggesting it may be undervalued at its current price [13][15].

Core Insights - Figma's IPO on July 31 was highly successful, with the stock price rising from $33 to over $142 the next day, but it has since declined due to valuation concerns and competition from Adobe [1][2] - The stock is currently trading below $50, but the recent acquisition of AI startup Weavy has provided some optimism for investors [2][4] Company Developments - Figma announced the acquisition of Weavy, an AI startup valued at approximately $200 million, which will enhance its offerings in media creation tools [4][6] - Weavy integrates generative AI and professional editing tools, allowing users to utilize various AI models, including OpenAI's Sora [5][4] - Despite the acquisition, Figma's stock price fell, indicating skepticism about the impact of Weavy on the company's performance [5][6] Strategic Direction - The acquisition of Weavy is part of Figma's broader strategy to leverage AI technology, as the company launched several AI-based products in the second quarter [7][8] - The software industry is currently in a competitive phase for AI development, making it crucial for companies like Figma to innovate and attract new customers [7] - Figma's aggressive investment in AI is viewed as a long-term strategy that may yield positive results, although investors may need to exercise patience [8]