Figma (FIG) Stock; Jumps Almost 5% Amid AI Feature Growth and Enterprise Deals

TLDRs;

1. Figma’s Q4 revenue hits $303.8M, up 40% YoY, surpassing analyst expectations.
2. Adjusted EPS rises to 8 cents, above the forecasted 7 cents.
3. Figma Make AI tool gains 70% weekly active users with new monthly credit limits.
4. ServiceNow partnership cuts UI and data model setup time by over 80%.

Figma’s shares climbed nearly 5% in early trading as investors welcomed the company’s strong fourth-quarter performance and ambitious AI and enterprise initiatives. The design software firm has been steadily expanding beyond creative workflows into enterprise applications, leveraging AI and strategic partnerships to drive growth.

Figma, Inc., FIG

Q4 Revenue and EPS Beat Expectations

Figma reported Q4 revenue of US$303.8 million, up 40% from the same period last year, exceeding analyst forecasts. Adjusted earnings per share came in at 8 cents, higher than the 7 cents predicted, reinforcing confidence in the company’s operational performance.

Despite recording a net loss of US$226.6 million, the company projected first-quarter revenue between US$315 million and US$317 million, surpassing market expectations. Full-year revenue is forecasted at approximately US$1.4 billion, reflecting an expected 30% growth rate. Figma also emphasized customer retention, with net dollar retention climbing to 136%, highlighting its strong user base and account expansion capabilities.

Expanding AI Capabilities with Figma Make

Figma has made significant strides in AI-assisted design, introducing Figma Make, a tool that helps designers generate layouts, prototypes, and assets more efficiently. Weekly active users of Figma Make increased 70% from the prior quarter, demonstrating strong adoption.

Starting in March, the company will implement monthly AI credit limits. Clients will either pay based on usage or purchase AI credit subscriptions, a shift that balances compute-heavy workloads with sustainable monetization. Optimizing its computing infrastructure allowed Figma to reduce costs while maintaining an adjusted gross margin of 86%.

Deepening Enterprise Integration with ServiceNow

Figma’s partnership with ServiceNow further strengthens its enterprise positioning. Using Figma’s Model Context Protocol (MCP) server, ServiceNow’s Build Agent can parse the detailed structure of Figma design files and generate secure, scalable, fully functional applications directly from design prompts.

Early results show this combination can reduce initial user interface (UI) and data model implementation time by over 80%, giving developers and product managers a faster route from design to deployment. This move signals Figma’s strategy to expand beyond designers, embedding itself deeper into enterprise software workflows.

Shifting SaaS Monetization with AI Credits

The introduction of monthly AI credit limits represents a new approach to SaaS monetization. Figma aims to capture revenue from high-value users who consume disproportionate AI resources, a concept the company calls the “power law distribution.”

This structure allows Figma to maintain service quality for all users while generating additional revenue from power users. Analysts see it as a forward-thinking model that balances growth, AI adoption, and cost efficiency.

Figma’s combination of AI innovation, enterprise collaboration, and strong financial performance has investors optimistic. While the company continues to post losses, the nearly 5% jump in its stock reflects confidence in Figma’s ability to grow revenue and expand its footprint in both creative and enterprise markets.