Figma slides as AI costs overshadow upbeat outlook

Figma

06/08/2026 10:15

** Shares of Figma FIG.N dropped 15.1% at $23.88 premarket
** Co's rising AI investment costs and declining margins overshadowed an upbeat annual revenue forecast
** Total operating expenses nearly doubled to $426.9 mln in the Q2 as AI-related investments drove a 101.5% jump in R&D costs
** Figma said its new usage-based pricing model for AI credits, launched in March, will start to deliver stronger results in the latter part of 2026 and early into 2027
** However, co posted Q2 revenue of $370.1 mln, beating estimates of $351.6 mln, and raised its full-year revenue forecast to $1.463 bln-$1.467 bln
** Five out of 14 analysts rate stock "buy" or higher, nine rate it "hold"; median PT at $30 - data compiled by LSEG 
**  As of last close, FIG stock down 24.6% YTD 

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)
 ((tharuniyaa@thomsonreuters.com))