Figma’s fourth-quarter earnings report arrived on Wednesday afternoon with a notable declare from one in every of its prime executives: AI ought to “complement,” not exchange, staff.
It’s a daring assertion from the chief of a tech firm at a moment when many are scaling again.
“We don’t see it as a software that replaces our expertise, however moderately how can we increase the crew that we have already got,” Figma CFO Praveer Melwani stated throughout Figma’s earnings name. “So we are going to proceed to hire, however we can complement that with effectivity gained by a number of the instruments on the market as properly.”
The remark got here in response to an analyst’s query about how AI may affect Figma’s analysis and growth.
Figma is having fun with better-than-expected development
In response to Figma’s fourth-quarter earnings report, the technique simply is likely to be working. The corporate reached $303.8 million in income, a 40% improve yr over yr. It additionally beat Wall Road’s expectation of $293.15 million, in line with consensus estimates cited by CNBC.
Figma additional predicts that it’s going to attain $315 to $317 million in income for the primary quarter of 2026. This outcome would deliver a mean of 38% year-over-year development.
In response, shares of Figma Inc. (NYSE: FIG) rose over 16% in after-hours buying and selling. By noon Thursday, the inventory’s worth was nonetheless up nearly 8%.
Software program firms have confronted falling shares amid AI fears
Melwani’s name to not overly depend on AI instruments comes as the corporate has confronted sliding share costs round that very subject, with buyers growing worried concerning the affect of AI instruments on software program platforms.
Figma opened at $85 per share throughout its IPO final July, reaching over $115 on its first day. Nevertheless, it began a largely downward trajectory quickly after. February has seen Figma’s shares hover within the low- to mid-$20s—falling greater than 79% since that first day and over 35% yr thus far.
Synthetic intelligence performs a big half in Figma’s offerings. The corporate launched Figma Make final yr, a immediate software with AI-powered design capabilities, together with a spread of AI options.
Figma presents AI credit primarily based on every person’s plan and can enable the acquisition of extra credit beginning March 11. Groups can observe their credit score utilization in a shared billing dashboard.
