Slide 1: Financial Results Q2 2026
Financial Results August 5, 2026 Q2 2026
Slide 2: Safe Harbor Disclaimer
Safe Harbor Disclaimer Q2 2026 This presentation contains “forward-looking statements” within the meaning of of new information, future events, or otherwise, except as required by law. applicable securities laws. All statements other than statements of historical fact Forward-looking statements shou
Slide 3: Dylan Field, CEO + Co-Founder
Dylan Field CEO + Co-Founder
Slide 4: Q2 Highlights
Q2 Highlights Q2 2026 Revenue YoY Revenue Growth Net Dollar Retention Rate 48% 136% Non-GAAP Free Cash Operating Margin Flow Margin $370.1M 10% 14% Refer to the appendix to this presentation for a definition of Net Dollar Retention Rate. Non-GAAP Operating Margin and Free Cash Flow Margin are non-GA
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Slide 7: Code layers
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Slide 8: Meadow Loop Sunrise Hike
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Slide 10: Code MCP Figma
Code MCP Figma
Slide 11: The Figma MCP has saved me countless hours
“The Figma MCP has saved me countless hours of manual labor on the design system files, and made it a lot easier for Clay's engineers to translate design into production- ready code.” Alex Fortney Product designer, design systems
Slide 12: MCP write-to-Figma usage, quarter over quarter
Q2 Highlights Q2 2026 +75% MCP write-to-Figma usage, quarter over quarter
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Slide 14: The Modern Garden
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Slide 15: Figma Motion
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Slide 16: It turns animated illustrations into a system capability
“It turns animated illustrations from a specialist handoff into a system capability.” Alexandra Pereira Senior Product Designer
Slide 17: Shaders
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Slide 18: Weave
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Slide 19: Such a great way to elevate and add richness
“It’s such a great way to elevate and add richness to the work, while staying very much in control.” Jack Goozee Designer
Slide 20: Hyein Shin hours ago
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Slide 21: 05.16-08.21, 2026
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Slide 22: Can we make the page interactive?
Can we make the page interactive? What if we showed multiple images? # Can we show the length of time to view an exhibit? Summarize the notes from our brainstorm session 03.06-06.16, 2026 FINISHED A COLLECTION 16 MIN + 7 ARTWORKS Review my design using INTRODUCTION] Wye wa FEATURE ARARAAALA Create a
Slide 23: Generative plugins
Generative plugins Learn more
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Slide 25: Slide 25
Slide 26: Leadership changes
Q2 Highlights Q2 2026 Leadership changes
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Slide 28: Praveer Melwani, CFO
Praveer Melwani CFO
Slide 29: Revenue and Year-over-Year Growth
Financial Results Q2 2026 Revenue Year-over-Year Growth $370.1M 48% Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 $198.6M $216.9M $228.2M $249.6M $274.2M $303.8M $333.4M $370.1M 50% YoY 50% YoY 48% YoY 46% YoY 46% YoY 41% YoY 40% YoY 38% YoY
Slide 30: Financial Results
FinancialResults esses 2 2026 + Add Al credits
Slide 31: Net Dollar Retention Rate
Financial Results Q2 2026 Net Dollar Retention Rate 136% Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 131% 134% 132% 129% 131% 136% 139% 136% Refer to the appendix to this presentation for a definition of Net Dollar Retention Rate.
Slide 32: Paid Customers over $10,000 and $100,000 in ARR
Financial Results Q2 2026 Paid Customers with more than $10,000 in ARR Paid Customers with more than $100,000 in ARR 15,964 1,635 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 9,762 10,517 11,107 11,906 12,910 13,861 15,218 15,964 876 963 1,031 1,119
Slide 33: Financial Results
Financial Results Q2 2026
Slide 34: Financial Results
Financial Results Q2 2026
Slide 35: Non-GAAP Gross Profit and Gross Margin
Financial Results Q2 2026 Non-GAAP Gross Profit Non-GAAP Gross Profit Growth YoY Non-GAAP Gross Margin $314.0M 40% 85% Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 $183.1M $200.6M $208.8M $224.0M $236.9M $261.8M $274.6M $314.0M Non-GAAP Gross Profit and Non-GAAP Gross Margin are non-GAAP financia
Slide 36: Non-GAAP Operating Income and Margin
Financial Results Q2 2026 Non-GAAP Operating Income Non-GAAP Operating Margin $36.1M 10% Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 $47.9M $56.4M $40.0M $11.5M $34.0M $44.0M $52.1M $36.1M Non-GAAP Operating Income and Non-GAAP Operating Margin are non-GAAP financial measures. Please see the rec
Slide 37: Adjusted Free Cash Flow and Margin
Financial Results Q2 2026 Adjusted Free Cash Flow Adjusted Free Cash Flow Margin $53.2M 14% Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 $61.0M $65.7M $94.6M $60.6M $49.0M $38.5M $88.6M $53.2M Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin are non-GAAP financial measures. Please see t
Slide 38: Guidance
Guidance Q2 2026 Revenue (Q3) $373.0–375.0M Revenue (FY) $1.463–1.467B Non-GAAP Operating Income (FY) $125.0–135.0M Non-GAAP Operating Income is a non-GAAP financial measure. We have not reconciled our outlook as to Non-GAAP Operating Income to its most directly comparable GAAP measure because certa
Slide 39: Q&A
Q&A
Slide 40: Appendix
a” Appendix
Slide 41: Definitions
Definitions Q2 2026 Net Dollar Retention Rate (“NDR”): We calculate Annual Recurring Revenue (“ARR”): We calculate Paid Customer: We define a Paid Customer as a NDR as of the applicable period of measurement by ARR as the annualized value of our active customer customer account that is billed separa
Slide 42: Reconciliation of Non-GAAP Gross Profit and Gross Margin
Reconciliation of Non-GAAP Gross Profit and Gross Margin Q2 2026 (In thousands) Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 GAAP gross profit $179,936 $200,482 $208,747 $221,751 $190,289 $249,474 $264,773 $309,611 Plus: Stock-based compensation expense 3,034 — — 218 42,987 7,774 5,081 2,036 Plus
Slide 43: Reconciliation of Non-GAAP Operating Income and Margin
Reconciliation of Non-GAAP Operating Income and Margin Q2 2026 (In thousands) Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 GAAP operating income (loss) $(47,336) $51,669 $39,749 $2,076 $(1,136,780) $(195,502) $(137,398) $(117,289) Plus: Stock-based compensation expense 88,403 153 197 7,310 1,138,
Slide 44: Reconciliation of Free Cash Flow and Adjusted Free Cash Flow
Reconciliation of Free Cash Flow and Adjusted Free Cash Flow Q2 2026 (In thousands) Q3 24 Q4 24 Q 2 1 5 Q2 2 5 Q3 2 5 Q4 2 5 Q 2 1 6 Q2 2 6 Net cash provided by (used in) operating activities $61,57 4 $7 3 ,091 $97,177 $6 24 , 55 $51,16 3 $ 3 9,886 $97, 3 08 $60,89 3 Less: Capital expenditures ( 413