Figma Exceeds Q3 2025 Revenue Expectations with $274.2 Million, Driven by AI Product Adoption

San Francisco, CA – Figma, Inc. (NYSE:FIG) announced robust third-quarter financial results for 2025, reporting revenue of $274.2 million, surpassing analyst expectations and marking a 38% year-over-year increase. The design software company's strong performance was significantly bolstered by the growing adoption of its artificial intelligence (AI) products, leading to a raised full-year outlook.

Figma's CEO and co-founder, Dylan Field, stated, "Q3 was the best quarter in Figma’s history: we crossed $1 billion in annual revenue run rate, delivered record revenue and shipped faster than ever for our customers." The company's adjusted earnings per share reached 10 cents, though it reported a GAAP net loss of $1.10 billion, primarily attributed to a one-time stock-based compensation expense following its July 2025 initial public offering.

A key driver of this growth was Figma Make, an AI product that develops app designs using generative AI models. Approximately 30% of Figma's customers spending over $100,000 in annualized revenue are now utilizing Figma Make weekly, according to Field. The company also saw its net dollar retention rate for clients spending at least $10,000 annually rise to 131%, indicating strong expansion within its existing customer base.

Further solidifying its AI strategy, Figma acquired Weavy, a startup specializing in generative AI for creative assets, and partnered with OpenAI to launch a Figma App for ChatGPT. Praveer Melwani, Figma's CFO, highlighted that these new products are "resonating with customers" and have provided confidence to raise the full-year outlook. The company expects fourth-quarter revenue to be between $292 million and $294 million, implying 35% growth.

Figma's strategic investments in AI are set to continue, with CEO Dylan Field affirming, "We will continue investing heavily in AI and we will trade near-term margin to build the right long-term platform for our customers." The company's IPO in July 2025 raised $1.2 billion, and its stock closed at $44.01 on November 5, reflecting a 33% gain since its public debut.