VM
Vineet Markan
6/9/20260 comments
Q1 2026 key metrics
Absolutely. I've pulled the most important numbers from Figma's latest earnings call (Q1 2026, ending March 31, 2026) into a table below. The data shows a business that is not only growing but accelerating, with strong adoption of its new AI products.
📊 Key Metrics from Figma's Q1 2026 Earnings Call
| Metric | Q1 2026 Data | Why It Matters |
|---|---|---|
| Core Financial Performance | ||
| Total Revenue | $333.4 million, up 46% YoY (beat analyst estimates of ~$316 million) | Top-line growth is the primary measure of business health; the acceleration to 46% from 40% the prior quarter is a very strong signal of increasing demand--3. |
| Non-GAAP EPS | $0.10, beating the $0.06 consensus estimate- | Earnings per share came in significantly higher than expected, indicating the company is growing profitably, not just through reckless spending-. |
| Non-GAAP Operating Margin | 16% (compared to 14% in Q4 2025)-5 | A key measure of profitability and operational efficiency, showing Figma's ability to convert revenue into operating profit. |
| Free Cash Flow (FCF) | $88.6 million, a 27% FCF margin-3-7 | FCF is a critical health metric, representing the cash generated from core operations. It funds future investments without needing outside capital. |
| Cash & Marketable Securities | $1.6 billion at end of Q1-3 | A substantial cash reserve provides financial stability and flexibility for acquisitions and weathering market downturns. |
| SaaS Health & Retention | ||
| Net Dollar Retention (NDR) Rate | 139%, up 3 points QoQ, highest in over 2 years-3 | This is perhaps the most important SaaS metric. An NDR above 120% is excellent; 139% shows that existing customers are significantly expanding their spending with Figma. |
| Paid Customers | ~690,000, up 54% YoY-3-7 | A 54% YoY increase in total paying customers is extremely impressive, indicating the product is successfully capturing a much broader market. |
| Customers with >$10k ARR | 15,218, up 37% YoY (acceleration from Q4)-3 | This cohort represents Figma's growing enterprise and mid-market business. Healthy growth here indicates successful "land-and-expand" strategies. |
| Customers with >$100k ARR | 1,525, up 48% YoY (acceleration from Q4)-3 | The fastest-growing customer segment highlights significant traction with large enterprises and validates the platform's high-value use cases. |
| AI Product Traction & Monetization | ||
| AI Credit Monetization Signals | Over 75% of over-limit users continued consuming credits after launch; over 95% remained active users-5-7 | This data suggests that initial tests for AI monetization are highly promising and customers see enough value to pay for these new features. |
| AI Adoption (Enterprise) | ~60% of largest customers use Figma Make weekly-5 | Figma Make is a key AI product. High weekly usage among its most important customers shows that AI is not a gimmick but a core part of their workflow. |
| AI Feature Growth | MCP (Model Context Protocol) weekly active users grew 5x QoQ-5 | Explosive growth in an advanced AI feature points to a powerful product-market fit for Figma's newest AI capabilities beyond its core products. |
| Guidance & Outlook | ||
| Q2 2026 Revenue Guidance | $348–350 million, implying ~40% YoY growth at the midpoint-12 | Q2 guidance suggests the strong momentum will continue, with management confident in sustaining high growth rates in the near term. |
| FY 2026 Revenue Guidance (Raised) | $1.422–1.428 billion, implying ~35% YoY growth-5 | The $55 million raise to full-year guidance is the single clearest signal from management that business is exceeding their internal expectations, driven by AI adoption and monetization-1. |
| FY 2026 Non-GAAP Operating Income Guidance (Raised) | $125–135 million** (~9% margin at midpoint), a **$25 million raise-5 | Raising profit guidance alongside revenue guidance is a best-case scenario—it shows the growth is not just top-line but is flowing down to the bottom line sustainably. |
I hope this detailed breakdown is helpful. Please let me know if you need further clarification on any of the metrics.
Source: Adobe AI Revenue Q1 FY2026 Breakdown
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