FIGMA SHARES SLIDE AS FIRST POST-IPO RESULTS MISS PROFIT EXPECTATIONS
Figma's shares dropped over 13% after-hours following the design software company's first quarterly earnings since its July IPO, where it broke even despite analyst expectations of 18 cents per share profit. The company reported $249.6 million in Q2 revenue (up 41% year-over-year) and launched four new products, including AI-powered prototyping tools and website publishing capabilities. Figma forecasts Q3 revenue of $263-265 million and full-year revenue of $1.021-1.025 billion, with strong customer metrics, including a 129% net dollar retention rate.