Figma's stock experienced a significant intraday surge of 13.12% during Friday's trading session, marking a sharp upward movement for the design software company.

The rally was propelled by the company's release of first-quarter financial results that substantially exceeded market expectations. Figma reported adjusted earnings of $0.10 per share, beating the analyst consensus estimate of $0.06, while revenue reached $333.44 million, surpassing estimates of $313.16 million and representing a 46% year-over-year increase. Furthermore, the company raised its full-year 2026 revenue outlook to a range of $1.42 billion to $1.43 billion, up from its prior forecast and above analyst expectations.

Management attributed the strong performance and optimistic guidance to the growing adoption and monetization of its artificial intelligence tools, which are helping convert more users to paid plans and expand software usage among large corporate customers. The company noted robust traction for its recently monetized AI features and reported its highest net dollar retention rate in over two years, indicating strong customer loyalty and expansion within its existing user base.