Figma pops on a beat-and-raise two-step

Beat first, raise later? Nope — both

Figma came out swinging with a first-quarter report that was basically built for the green button crowd. Revenue hit $333.44 million, comfortably ahead of the $313.16 million Wall Street was expecting, and adjusted EPS came in at 10 cents versus the six-cent estimate.

That’s the kind of print that tells you two things at once: demand is still running hot, and management feels good enough about the year ahead to nudge guidance higher. In other words, the company didn’t just clear the bar — it asked for a taller one.

Why investors care

For a software name like FIG, the market tends to obsess over a simple question: is growth still humming, or is the AI-era design party starting to thin out? A beat on both revenue and earnings says the business is still converting hype into actual dollars.

The stock responded the way stocks love to respond to good news before the opening bell: it jumped 10.6% to $22.39. That doesn’t guarantee a victory lap all week, but it does suggest traders liked what they saw.

The rest of the premarket circus

This article also had a whole parade of other movers — some on earnings, some on guidance cuts, some on corporate drama, and one on a straight-up FDA clinical hold. But Figma was the main event, because when a newly public-ish software darling beats estimates and lifts guidance, the market tends to stop doomscrolling and pay attention.

Big picture: This is the kind of report that can reset the narrative. If Figma can keep pairing growth with discipline, investors may start treating it less like a shiny story stock and more like a real, durable software compounder.