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September 04, 2025
Figma Stock News: Figma shares sank almost 20% on Thursday. The slump marked their lowest point since the company went public in July. The sell-off followed Figma’s first earnings report as a listed company.
Figma’s second-quarter results came as no surprise, since the company had already shared early numbers last month. Revenue rose 41% from the same period a year ago, reaching $249.6 million.
That figure edged past analyst projections of $248.8 million, data from LSEG showed. Analysts at Piper Sandler downplayed the report, calling it “mostly a non-event.”
They pointed out, however, that the stock has swung wildly since its 250% surge on debut. After closing at $115.50 on the first day, the share price has dropped by more than half.
The slide has pulled the company’s market value down to about $27 billion. Figma is projecting third-quarter revenue in the range of $263 million to $265 million.
At the midpoint, that signals around 33% growth. LSEG’s consensus estimate stood lower, at $256.8 million. Figma’s IPO marked a major moment for both Silicon Valley and the wider tech world.
It stood out as one of the biggest offerings in years and signaled Wall Street’s renewed appetite for growth.
The launch followed a long slowdown that began in early 2022, when inflation surged and interest rates moved higher.
The company also reported a net retention rate of 129%, showing continued expansion among existing clients. That number was down slightly from 132% in the first quarter.
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