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Finance
Why Figma Stock Lost 52% in the First Half of 2026
Figma's stock lost more than half its value in six months. Strong earnings couldn't overcome fears about AI-native competition.
The collaborative design platform posted excellent financial results, but investors spent the first half of the year worrying about what AI might do to the business.
Details
Figma's Q1 2026 report in mid-May was impressive by most measures. Revenue rose 46% year over year to $333.4 million. Non-GAAP earnings per share came in at $0.10, nearly doubling the $0.06 consensus estimate. Net dollar retention hit 139%, the highest level in over two years. Management raised full-year revenue guidance by $55 million.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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