On August 13, Figma rose 5.05% in regular trading, trading at $25.0833/share, with turnover of $242 million. The rally was driven by a broad recovery in the AI application software sector, with Palantir up 4.12%, Salesforce up 3.39%, and Adobe up 3.10%, generating sector-wide momentum that lifted Figma.

The rebound follows a steep post-earnings selloff that saw Figma plunge over 17% after its Q2 report on August 5. Despite revenue surging 48% year-over-year to $370.1 million and adjusted EPS of $0.08 doubling consensus estimates, investors punished the stock over expanding GAAP operating losses of $117 million and free cash flow margin compression from 24% to 14%, driven by aggressive AI investment. The company raised full-year revenue guidance to $1.463-$1.467 billion versus the Street estimate of $1.44 billion.

Figma is an AI-powered design platform that enables seamless collaboration across the entire product development lifecycle, offering products including FigJam, Figma Slides, Figma Design, Dev Mode, and Figma Sites.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)