Figma shares surged 21% post-earnings on a clear acceleration in revenue growth, stronger net dollar retention, and an upbeat raised guidance that outpaced market expectations.

• Q1 2026 revenue rose 46% year-over-year to $333 million, accelerating from 40% growth in the prior quarter.
• Net dollar retention rate improved to 139%, the highest in over two years, up 3 percentage points sequentially.
• Non-GAAP operating margin was a solid 16%, alongside a strong free cash flow margin of 27%.
• Early monetization of AI features via Figma Weave and AI credits contributed to both growth and customer adoption.
• Raised full-year revenue and operating profit guidance reflects management confidence driven by robust customer expansion and deeper AI integration.