设计协作平台Figma（FIG）夜盘股价大跌15.42%，引发市场广泛关注。
消息面上，Figma盘后发布了最新季度财报。第二季度营收3.701亿美元，同比增长48%，超出市场预期的3.516亿美元；公司同时将全年营收指引上调至14.63亿至14.67亿美元，对应约39%的增长率，高于此前35%的增长预期。尽管营收表现亮眼，但公司维持全年利润预期不变，AI投资带来的成本激增令市场对其利润率前景感到担忧。
财报显示，Figma本季度研发费用同比激增101.5%，总运营费用较去年几乎翻倍至4.269亿美元。GAAP毛利率从上年同期的89%下降至84%，调整后营业利润率也从上一季度的16%下滑至10%。股权激励费用高达1.476亿美元，导致GAAP口径下经营亏损达1.173亿美元。此外，Figma股价在财报发布前已连续多日大幅上涨，市场对利好已有较充分定价，财报落地后资金选择获利了结，呈现典型的“利好出尽”走势。
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