FI

Simplify Macro Strategy ETF Earnings Recaps

FIG 3 recaps
Next earnings: September 2, 2026 (estimated) · full calendar
Q2 2026 Aug 7, 2026

Shares fell sharply by 11.6% as investors reacted negatively to signs of deceleration underlying the results and cautious commentary about growth sustainability, despite solid headline revenue and early AI monetization progress.

Key takeaways
  • Revenue grew 48% year-over-year to $370 million, marking the third consecutive quarter of accelerated growth.
  • Net dollar retention remained strong at 136%, indicating good customer expansion within existing accounts.
  • Non-GAAP gross profit dollars increased 40% year-over-year with 10% operating margin, impacted by typical seasonal effects.
  • AI monetization commenced fully in Q2, showing promising engagement though no explicit revenue contribution details were provided.
  • Management emphasized large opportunity with new AI-driven features but highlighted ongoing challenges such as potential product complexity and the competitive landscape, suggesting some investor caution about forward growth trajectory.
Full recap
Q1 2026 May 15, 2026

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.

Key takeaways
  • 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.
Full recap
Q3 2025 Nov 7, 2025

Figma achieved a record Q3 2025 with $274 million in revenue, marking a 38% year-over-year increase and surpassing guidance, while the company accelerated its product innovation and AI investment strategy.

Key takeaways
  • Revenue exceeded $1 billion in annual revenue run rate, with a record sequential net revenue increase.
  • Net dollar retention rose to 131%, reflecting increased adoption of new products.
  • Non-GAAP operating margin stood at 12% with adjusted free cash flow margin at 18%, despite significant investments in talent and AI.
  • Launched over 50 new features in Q3 to enhance customer experience and drive product velocity.
  • Strategic focus on AI integration and platform interoperability is expanding Figma's reach across diverse customer teams and industries.
Full recap

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