By Elias Schisgall

Figma reported higher revenue in the fourth quarter and projected continued double-digit growth as the company said more users were flocking to its artificial-intelligence-powered design tools.

The design platform on Wednesday reported a loss of $226.6 million, or 44 cents a share, compared with a profit of $97.8 million, or 15 cents a share, a year earlier. The loss includes $218.3 million in stock-based compensation expenses, the company said.

Stripping out those expenses and other one-time items, Figma reported adjusted earnings of 8 cents a share. Analysts polled by FactSet were expecting 7 cents a share.

Revenue grew 40% to $303.8 million, up from $216.9 million a year prior. Analysts were expecting $293.1 million in revenue, and the company had guided for revenue between $292 million and $294 million.

The company said weekly active users of Figma Make, its AI-powered design tool, grew 70% quarter over quarter, adding that more than half of paid customers with more than $100,000 in annual recurring revenue were using the platform on a weekly basis during the quarter.

"Our accelerated revenue and customer growth going into 2026 reflect design's power and Figma's essential place at the center of the product development stack," Chief Executive Officer Dylan Field said. He added that Figma Make is also driving adoption of other tools across the company's platform.

For the current first quarter, the company is projecting revenue of between $315 million and $317 million, representing 38% growth at the midpoint.

It is targeting full-year revenue of approximately $1.37 billion at the midpoint of its guidance range, representing 30% year-over-year growth.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

February 18, 2026 16:05 ET (21:05 GMT)

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