FIG Figma (FIG) Q1 FY26 earnings call
Figma delivered a strong Q1 FY26, marked by accelerating revenue growth and robust net dollar retention, driven by broad adoption of its AI products and seat expansion. The company is confident in its AI monetization strategy, which began in March, and is focused on driving ubiquity and continued product innovation. Management raised its full-year revenue and non-GAAP operating income guidance, citing strong early signals from AI credit utilization and sustained seat expansion.
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FIG operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Net revenue retention rate ARR > $10,000 | 139%Our net dollar retention rate for paid customers spending more than $10,000 in ARR reached 139%, up 3 percentage points from the prior quarter and our highest level in over 2 years.Source: earnings call transcript | 136%In Q2, net dollar retention rate for paid customers with more than $10,000 in ARR remained strong at 136%, even as we begin to anniversary our pricing and packaging changes from March 2025.Source: earnings call transcript | -3 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.