Figma Inc · NYSE:FIG
Figma — Q3 2026 Earnings Presentation
39 slides from Figma's earnings presentation, November 2026
Slide 1: Financial Results Q3 2026
Af Financial Results ~~~ se QO3 2026
Slide 2: Safe Harbor Disclaimer
Safe Harbor Disclaimer This presentation contains “forward-looking statements" within the meaning of applicable securities laws. All statements other than statements of historical fact could be deemed to be forward-looking, including, but not limited to, statements. regarding our guidance and future
Slide 3: Dylan Field, CEO + Co-Founder
Dylan Field CEO + Co-Founder
Slide 4: Slide 4
Slide 5: Design is the new code
Design is the new code
Slide 6: Q3 Highlights
ss) Q3 Highlights Revenue S391.4M 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-GAAP financial measures, Please see the reconciliation from GAAP to non-GAAP measures contained in the appendix to t
Slide 7: Pickup app
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Slide 8: Code layers
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Slide 9: Fast, fast, fast..then slow
Fast, fast, fast..then slow
Slide 10: Pickup App designs
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Slide 11: Align and resize with AI agent
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Slide 12: Cox Automotive testimonial
“| went through 19 versions with only about an hour of hands-on-keyboard time, since the agent did most of the processing. Compared with building it myself in Figma as anon-designer, that's at least 10 times more efficient, or about 90% time saved.” Lindsay Brechler Senior Product Manager, Al Cox Au
Slide 13: For you
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Slide 14: PRD: Bundled delivery at checkout
PRD: Bundled delivery at checkout Problem Recent separate deliveries show nearby pickups, overlapping time windows, and repeated road segments. These patterns jusiy investigating coorcination at checkout. They do not estabigh that tps could have been combined or that bundling woud lower costs; salle
Slide 15: MCPs
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Slide 16: Figma MCP usage
Figma MCP usage Total MCP Usage Growth QoQ 3X Weekly active users, as of October 31 Write-back Usage Growth QoQ ~1Tmillion | 4x Refer to the appendix to this presentation for the definition of weekly active users
Slide 17: The Figma agent
The Figma agent
Slide 18: Customer testimonial: Ian Guisard
“It's made us a lot more efficient, and allows us to ship higher-quality components ina fraction of the time. ' IAN GUISARD PRODUCT DESIGNER R
Slide 19: Annotate flow changes; Granola testimonial
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Slide 20: The Figma agent
The Figma agent O% | of Paid Customers with more than Increase in weekly Al credit consumption, $10,000 in ARR using the Figma agent on excluding beta usage, between the Figma a weekly basis, as of October 31 agent's GA launch and October 31 Refer to the appendix to this presentation for the definit
Slide 21: Customer testimonial: Shawn Farsai and Gabe Pereyra
Ee “We think about our Figma the way engineers think about a codebase. 1 SHAWN FARSAL CREATIVE DIRECTOR GABE PEREYRA PRESIDENT & CO-FOUNDER
Slide 22: s Si
s Si shion Bio Art Soundscapes Add a filter to this card using my design system +
Slide 23: First party model
First party model 2% In head-to-head testing with expert designers, the Figma agent beats or matches the previous production agent 62% of the time Based on Figma research O% Users undo the Figma agent's work 60% less often, compared to the previous production agent
Slide 24: Slide 24
Slide 25: Praveer Melwani, CFO
Praveer Melwani CFO
Slide 26: Financial Results Q3 2026
ss) Financial Results Q3 2026 MCF driving conversion, retention, and expansion Al usage is growing pes ois
Slide 27: Financial Results: Revenue
8 Financial Results Q3 2026 Revenue Year-over-year Growth S391.4M 43% Q4 24 Q125 Q225 Q3 25 Q425 Q126 Q2 26 Q3 26 $216.9M $228.2M $249.6M $274.2M $303.8M $333.4M $370.1M $391.4M
Slide 28: Net Dollar Retention and Paid Customers
ss) Financial Results Q3 2026 Net Dollar Retention Rate Paid Customers with more than $10,000 in ARR 16,566 Paid Customers with more than $100,000 in ARR 131% 1717 Refer to the appendix to this presentation for a definition of Net Dollar Retention Rate, Paid Customers with more than $10,000 in ARR,
Slide 29: Add AI credits
+ Add Al credits
Slide 30: Non-GAAP Gross Profit
ss) Financial Results Q3 2026 Non-GAAP Gross Profit Non-GAAP Gross Profit Growth YoY Non-GAAP Gross Margin S3211M 36% 82% Q424 Q125 Q225 Q3 25 Q425 Q126 Q226 $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 financial measures. Pleas
Slide 31: Non-GAAP Operating Income
ss) Financial Results Q3 2026 Non-GAAP Operating Income Non-GAAP Operating Margin Q4 24 Q125 Q225 Q3 25 Q425 Q126 Q2 26 Q3 26 $56.4M $40.0M $11.5M $34.0M $44.0M $52.1M $36.1M $47.0M Non-GAAP Operating Income and Non-GAAP Operating Margin are non-GAAP financial measures. Please see the reconciliation
Slide 32: Adjusted Free Cash Flow
ss) Financial Results Q3 2026 Adjusted Free Cash Flow Adjusted Free Cash Flow Margin S41.5M 11% Q424 Q125 Q225 Q3 25 Q425 Q126 Q2 26 $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 the reconciliat
Slide 33: Guidance Q4 2026
B Guidance Q3 2026 =" $402,.0-404.0M NSA sey S1 58.0-163.0M 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 certain items that impact Non-GAAP Operating Income are out o
Slide 34: Q&A
Slide 35: Appendix
Appendix
Slide 36: Definitions
Net Dollar Retention Rate ("NDR"): We calculate NDR as of the applicable period of measurement by starting with the ARR of Paid Customers with more than $10,000 in ARR as of twelve months prior to such date of measurement ("Prior Period ARR"). We then calculate the ARR for those same customers as of
Slide 37: Reconciliation of Non-GAAP Gross Profit and Gross Margin
ss) Reconciliation of Non-GAAP Gross Profit and Gross Margin Q3 2026 (in thousands) Q424 Q125 Q225 Q325 Q425 Q126 Q226 Q326 GAAP gross profit $200,482 $208,747 $221,751 $190,289 $249,474 $264,773 $309,611 $314,440 Plus: Stock-based compensation expense - _ 218 42,987 7174. 5,081 2,036 3,565, Plus: A
Slide 38: Reconciliation of Non-GAAP Operating Income and Margin
ss) Reconciliation of Non-GAAP Operating Income and Margin (In thousands) GAAP operating income (loss) Plus: Stock-based compensation expense Plus: Amortization of stock-based compensation included in capitalized internal use software development costs Plus: Transaction costs and other related expen
Slide 39: Reconciliation of Free Cash Flow and Adjusted Free Cash Flow
ss) Reconciliation of Free Cash Flow and Adjusted Free Cash Flow Q3 2026 (in thousands) Q424 Q125 Q225 Q325 Q425 Q126 Q226 Q326 Net cash provided by (used in) operating activities $73,091 SOTATT $62,455 $51,163 $39,886 $97,308 $60,893 $48,405 Less: Capital expenditures (662) (874) (1,134) (1,702) (7