On September 4, Figma fell 5.04% in regular trading to $23.95 per share, with turnover of approximately $62.10 million. The stock continued its downward trajectory alongside a broad selloff in the application software sector.

The decline was driven by two overlapping factors. First, the application software sector came under significant pressure, with Adobe falling 7.3%, Circle Internet down 4.73%, BitMine Immersion Technologies down 5.37%, Strategy down 2.99%, and Palantir down 2.82%, creating a weak sector backdrop that amplified selling in Figma. Second, Figma has remained under sustained pressure since its Q2 earnings release. Although Q2 revenue of $370.1 million (up 48% YoY) and adjusted EPS of $0.08 both significantly beat expectations, and full-year revenue guidance was raised to $1.463–$1.467 billion, surging AI inference costs drove a 117% YoY increase in cost of revenue. GAAP operating losses widened to $117.3 million, while free cash flow margin contracted sharply from 24% to 14% year-over-year. Analyst sentiment remains divided, with Morgan Stanley maintaining an equalweight rating at a $33 target while BofA raised its target to $33 from $30.

(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.)