Figma FIG 2025Q2 Earnings Preview Upside on AI-Driven Expansion

Forward-Looking Analysis
Analysts project Figma’s Q2 2025 revenue to reach $247–250 million, a 46% YoY increase. Operating income is expected to range between $9–12 million, indicating disciplined expansion. Forward revenue multiple stands at 68.6x. EPS is forecast to grow by 52.3% annually, with 24.3% earnings growth anticipated. Seven analysts rate Figma as “Hold,” averaging a $74.29 price target, signaling moderate optimism. Long-term revenue growth is expected at 16.8% annually.

Historical Performance Review
In Q1 2025, Figma reported revenue of $228.20 million, net income of $44.88 million, and EPS of $0.04. Gross profit stood at $208.75 million, reflecting strong operational efficiency and healthy profit margins. The firm maintained a disciplined approach to growth while expanding its user base.

Additional News
As of May 2025, Figma reported 13 million monthly active users, with two-thirds being non-designers. These users spend significant time on design-related tasks like visual exploration and user journey mapping. The company continues to expand its collaborative design tools, enhancing cross-functional workflows for non-design teams.

Summary & Outlook
Figma’s strong Q1 performance and positive Q2 expectations highlight its robust financial health and expanding market reach. AI-driven tools are enhancing user engagement and broadening Figma’s appeal beyond design teams. The forward revenue growth and improving operating income suggest disciplined execution. With a “Hold” analyst rating and moderate price targets, the stock remains cautiously optimistic. Investors should monitor AI integration and user retention metrics. The bull case rests on sustained user growth and efficient scaling.