Figma slumps after quarterly earnings disappoint investors

Figma

03/09/2025 22:51

** Shares of design software maker Figma FIG.N slump 13.7% to $58.81 after the bell

** FIG reports slight beat on Q2 profit and revenue, but falls short of the lofty expectations set by AI and tech investors

** Q2 revenue jumped 41% to $249.6 million, vs analysts' estimate of $248.8 million, according to data compiled by LSEG

** Company reports Q2 adj. EPS of 9 cents, vs an estimate of 8 cents

** FIG sees fiscal 2025 revenue between $1.02 billion and $1.03 billion, vs estimates of $1.01 billion

** Up to last close, FIG had fallen 41% from its July debut

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))