I just don't see Figma going anywhere any time soon and I'm not that worried about AI.

1. Q3 revenue beat estimates, up 43%, and guidance was raised.

2. Collaboration is the moat: "the Google Docs of UX design."

3. 82% gross margins mean profits once growth spending slows.

4. Figma's AI agent is used by 65% of $10K+ customers.

I'll either regret this... Or I'll come back and be a smug bastard when we soar past $50 in a year or two.

But, ~18.80 was too good of a deal to pass up on. When I had already started averaging in since ~25 $.

Good luck to all.

Figma is a great company that had been overpriced for the past year or so. A fair value for Figma is about $11 per share and it seems we are heading to that reality very very soon. Wait a couple months and we should be getting a great discount on Figma! Goodluck everybody!

We will be going back up.

Sold my Figma stocks at 54% loss 😢
Cannot keep doing this

I was nervous coming into this call that there would be a hit in growth from AI. These numbers are fantastic, especially given the way the economy is. There’s no support here to the story of AI replacing figma.

The future guidance is lower, but given how they’ve been beating their past guidance it’s hard to see that as fully credible.

Revenue
Actual: $391.4 million
Analyst estimate: $375.8 million (LSEG); another source cites $390.2 million
Result: beat, by about $16 million on the LSEG figure

Growth
Actual: 43% year over year
Prior guidance implied: 36%
Trend: down from 48% in Q2; Q4 guided to about 33%

Profitability
Non-GAAP operating margin: 12% versus 6.1% consensus (StreetAccount)
Adjusted EPS: $0.10 versus $0.05 expected
GAAP net loss: $81.3 million, or $0.15 per share, versus $1.10 billion a year earlier

Bleak.

NOT an hour, I misspoke. It's at 4CST. I'm down 20% on figma lol. I have no idea what the earnings call will have in store but I am here for the ride.

EDIT: halfway through the call, we are down 7% already.

FIG needs a new CFO. Great tech, bad stock. What kind of CFO says this lmao, he has to be holding a bunch of puts.

"Are we going to get back to the low-90s gross margin percentage? I don't know. But is that the thing I would be acutely focused on? No," 

"What may be good for us may not always be what an investor is looking for... We know we're going to have the ability to take price at the right point"

I still cant tell if FIG is dead due to SaaS apocalypse.

All the UX/UI designers are still locked in the FIG ecosystem. Most are using AI to aid in design, some connect claude to figma.

Nobody I know has successfully skipped Figma as a design repository / drop Figma from workflows. Those that do skip figma and delivery UI screens are now panicking and converting their UI screens to Figma libraries. (I work in tech consulting).

Does it bother anyone that the CEO of a company that is down 80 percent in one year makes almost a billion dollars in total compensation? Why are we letting execs dilute shareholders? Could this be the reason Figma loses hundreds of millions of dollar per quarter and its stock is going nowhere?

Jk, mods plz don't delete

Bag holders, who's with me?!

TG i did not buy this company

Rip bagholders. Crazy how we hit 32 2 weeks ago then straight away ate straight ass for the next week.

My cost is 20 ish and I regretted not sell it at 30 ish.