Tag: $Figma

Figma raised its full-year revenue forecast on Thursday after first-quarter results beat expectations, with growth in AI tool adoption helping convert users to paid plans and expand usage across large enterprise customers.

Figma shares surged 15% in extended trading on Wednesday after the design software maker reported robust results and quarterly guidance than Wall Street had predicted.

Figma (FIG), the design software developer that went public in late July and has more than doubled from its initial public offering price, reported its first quarterly earnings since its IPO Wednesday. The results missed forecasts, sending its stock sharply lower.

CoreWeave(CRWV) and Circle Internet Group(CRCL) have wowed Wall Street since going public earlier this year. Next up in the unicorn parade? Design software start-up Figma, which is planning to raise more than $1.2 billion from a stock sale that could value the company at $19.3 billion.