On August 12, Figma fell 5.05% in regular trading, trading at $23.815/share, with turnover of $87.74 million. The decline reflects a continued unwinding of post-earnings selling pressure compounded by a broader pullback in the AI application software sector.
Figma reported Q2 results on August 5 that beat expectations on all headline metrics — revenue grew 48% year-over-year to $370.1 million versus the $351.6 million consensus, 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 $1.44 billion Street estimate. However, the stock plunged over 17% post-earnings as investors focused on expanding GAAP operating losses of $117 million and free cash flow margin compression from 24% to 14%, both driven by aggressive AI investment. CEO Dylan Field voluntarily forfeited approximately $46 million in stock awards to restore investor confidence. Morgan Stanley subsequently cut its price target from $38 to $33.
The stock briefly rebounded over 5% on August 10 amid a sector-wide rally, but has now fully retraced those gains, suggesting insufficient buying conviction and persistent overhead supply from the earnings selloff.
(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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