Design software firm Figma reported that its fourth-quarter revenue growth accelerated slightly to 40%, up from 38% in the third quarter. In pre-market trading on Thursday, its stock price surged 14.7%. This performance is expected to reassure investors who have been selling software stocks in recent weeks due to concerns about the impact of artificial intelligence.

Figma, a competitor to Adobe with a market valuation of $12 billion, went public last year and was one of the most anticipated initial public offerings of 2025. The company attributed its revenue growth to increased usage of AI workflows on its platform. On Tuesday, Figma announced a partnership with Anthropic to integrate Claude Code into its platform, in addition to its existing collaboration with OpenAI.

The company reported an operating loss of $195.5 million, primarily due to stock-based compensation expenses of $218 million.

Figma forecasts first-quarter revenue growth of 38%, with a midpoint projection of $316 million. Fourth-quarter adjusted earnings per share were $0.08. As of Wednesday's market close, Figma's stock price had declined 35% over the past six months.