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Figma (FIG) Q3 FY2026 earnings: revenue $391 million, up 42.8% on the year

Figma, Inc. (FIG) reported revenue of $391 million for Q3 FY2026, the quarter ended 30 September 2026, up 42.8% on the same quarter a year earlier. Net income was -$81 million, and diluted earnings per share $-0.15. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue
$391 million
+42.8% on the year · +5.8% on the quarter
Q3 FY2024Q3 FY2026
Operating margin
-30.4%
-414.6% a year earlier
Q3 FY2024Q3 FY2026
Net income
-$81 million
Q3 FY2024Q3 FY2026
Diluted EPS
-$0.15
Q3 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 1 new.

  • Revenue grew 43% year-over-year: Revenue was $391.4 million, up from $274.2 million in the third quarter of 2025.
  • Non-GAAP operating income reached $47.0 million: Non-GAAP operating margin was 12%, the same as a year earlier. GAAP loss from operations was $(119.2) million.
  • Figma agent weekly use reached 65%: As of October 31, 2026, 65% of Paid Customers above $10,000 in ARR used the Figma agent weekly, and over 80% consumed AI credits.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue391370274+5.8%+42.8%
Cost of revenue77.060.583.9+27.3%-8.2%
Gross profit314310190+1.6%+65.2%
Gross margin80.3%83.7%69.4%
Research and development205167681+22.6%-69.9%
Operating income-119-117-1,137
Operating margin-30.4%-31.7%-414.6%
Pre-tax income-71.9-110-1,107
Income tax9.52.5-10.5+282.3%
Net income-81.3-112-1,097
Net margin-20.8%-30.3%-400.1%
Diluted EPS-$0.15-$0.21-$2.72
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow48.460.951.2-20.5%-5.4%
Capital expenditure6.96.71.7+3.1%+305.2%
Free cash flow41.554.249.5-23.4%-16.1%
Free cash flow margin10.6%14.6%18.0%
Cash from investing20.1-6.3-261
Cash from financing-6.6-13.7-71.5
Depreciation and amortisation5.54.24.4+29.0%+23.6%
Share-based compensation1591481,138+7.5%-86.1%
Buybacksn/an/a0.0
Diluted shares, weighted532m527m403m+0.9%+32.0%
Shares outstanding at period end536m533m496m+0.5%+8.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity1,5441,4781,389+4.5%+11.2%
Debt0.00.00.0
Operating lease liabilities84.759.156.6+43.4%+49.8%
Other liabilities862814628+5.9%+37.3%
Total liabilities and equity2,4912,3512,073+5.9%+20.1%
Fixed assets43.138.317.9+12.3%+139.9%
Goodwill10110124.50.0%+313.2%
Intangible assets11.113.416.0-16.7%-30.6%
Investments1,7271,7981,829-3.9%-5.6%
Cash and equivalents508446340+13.9%+49.2%
Receivables213191156+11.6%+36.6%
Total assets2,4912,3512,073+5.9%+20.1%

Questions

What was Figma's revenue in Q3 FY2026?

Figma (FIG) reported revenue of $391 million for Q3 FY2026, the quarter ended 30 September 2026, up 42.8% on the same quarter a year earlier.

How much did Figma earn in Q3 FY2026?

Net loss for Q3 FY2026 was $81 million, and the diluted loss per share $0.15.

When did Figma report Q3 FY2026 results?

Figma filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 9 quarters

Q2 FY2024Q3 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue177199228250274304333370391
Cost of revenue39.618.719.527.983.954.368.760.577.0
Gross profit138180209222190249265310314
Gross margin78%91%91%89%69%82%79%84%80%
R&D53610469.983.1681196173167205
Operating income-894-47.339.72.1-1,137-196-137-117-119
Operating margin-505%-24%17%1%-415%-64%-41%-32%-30%
Pre-tax income-884-29.447.039.1-1,107-204-142-110-71.9
Tax raten/an/a5%28%n/an/an/an/an/a
Net income-828-15.644.928.2-1,097-227-142-112-81.3
Net margin-467%-8%20%11%-400%-75%-43%-30%-21%
Diluted EPS-$4.39-$0.07$0.04$0.00-$2.72-$0.44-$0.27-$0.21-$0.15
Operating cash flown/a61.697.262.551.239.997.360.948.4
Capital expendituren/a0.40.91.11.70.77.86.76.9
Free cash flown/a61.296.361.349.539.289.554.241.5
Buybacksn/a0.0n/an/a0.0n/an/an/an/a
Shares outstandingn/an/an/a490m496m522m528m533m536m
Filing10-Q10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.