Filing Flows › Figma (FIG) › Q1 2026
Figma (FIG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Figma (FIG) reported revenue of $333M for the first quarter 2026 (Q1 2026), +46% from a year earlier and +10% from the quarter before. Operating margin was -41.2%, net loss $142M (42.7% of revenue).
Figma, Q1 2026: revenue $333M (+46% year over year), operating margin -41.2%, net loss $142M, operating cash flow $97.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $333M | +10% | +46% |
| Operating profit | −$137M | — | — |
| Net earnings | −$142M | — | — |
| Operating cash flow | $97.3M | +144% | +0.1% |
| Free cash flow | $88.6M | — | — |
What changed
Revenue was $333.4M in Q1 2026, up 46% year over year and up 10% from the previous quarter.
Gross margin was 79.4%, down 12.1 points from a year earlier. Operating costs exceeded revenue by $137.4M, an operating margin of -41.2%. Operating expenses grew 138% against revenue growth of 46%. The fastest-growing cost line was General & admin (+243%). The quarter ended with a net loss of $142.4M, narrower than the previous quarter's $226.6M loss.
Operating cash flow was $97.3M (roughly flat year over year). Non-cash charges added back $6.1M of depreciation and amortization and $169.0M of share-based compensation. Working capital and other items added $64.6M. After capital expenditures ($7.8M) and capitalized internal use software development costs ($888K), free cash flow as the company reports it was $88.6M.
Questions
What was Figma's revenue in the first quarter 2026?
Figma (FIG) reported revenue of $333M for the first quarter 2026 (Q1 2026), +46% from a year earlier and +10% from the quarter before.
Was Figma profitable in the first quarter 2026?
Operating loss was $137M (-41.2% of revenue) and net loss $142M.
Source: Figma 10-Q on SEC EDGAR.