Figma Q4 Revenue Up 40% to $303.8M, Launches 'Code to Canvas' AI Feature
Figma posted Q4 revenue of $303.8 million, topping the $293.1 million consensus and delivering EPS of $0.08 versus $0.07 expected. Net dollar retention climbed to 136% as the company rolled out its new ‘Code to Canvas’ AI integration with Anthropic, driving usage momentum.
1. Quarterly Results Exceed Estimates
Figma reported Q4 revenue of $303.78 million, up 40% year-over-year and above the $293.15 million consensus, while EPS reached $0.08 versus $0.07 expected, marking sequential acceleration in both top and bottom lines.
2. Partnership with Anthropic and AI Feature
The company launched 'Code to Canvas' in collaboration with Anthropic, enabling developers to convert AI-generated code into editable design layouts and streamlining the integration of AI-driven workflows into Figma's platform.
3. Analysts Lower Price Targets
RBC Capital Markets cut its price forecast from $38 to $31 but maintained a Sector Perform rating, while Goldman Sachs trimmed its target from $40 to $35 amid updates to 2026–2028 revenue projections reflecting stronger recurring revenue assumptions.
4. Usage Growth and Customer Momentum
Net dollar retention rose to 136%, weekly active users of Figma Make jumped 70% quarter-over-quarter, and enterprise adoption strengthened across ARR tiers, positioning Figma for continued AI-driven design market expansion.