Figma sees Q2 revenue above estimates after AI fees

Figma, a San Francisco-based design software company, said it expects revenue of about US$349 million in the quarter ending June.

The forecast is above analysts’ projection of US$330 million after Figma started charging users in March for AI features beyond a usage limit.

More than 75% of higher-tier customers who crossed that limit bought extra credits, while about 5% of those users are no longer active on the platform, said CFO Praveer Melwani.

The shares rose about 10% in extended trading after closing at US$20.24 in New York, though the stock remains 39% below its US$33 IPO price amid investor concerns that AI tools could pressure software companies.

🔗 Source: Bloomberg

🧠 Food for thought

Implications, context, and why it matters.

Figma’s AI charges use a credit system

Figma plans to start charging for both software seats and AI credits in March 2026 through a hybrid model 1.
Each paid user receives a monthly pool of AI credits. Features like the prompt-based tool Figma Make draw from that balance 2.
If a person uses all included credits, the company must turn on an AI credits subscription or pay-as-you-go billing for that person to keep using AI tools. If not, access stops until credits reset 3.
Usage has been strong. By the Q4 2025 earnings call, about 75% of paid customers with more than US$10,000 in annual recurring revenue (ARR), a software-industry measure of yearly subscription revenue, used AI credits each week 1.

Software companies are trying new ways to charge for AI

Figma offers an example for software companies figuring out how to price AI features that need heavy computing power.
Adding usage-based AI credits on top of seat-based subscriptions ties AI revenue more closely to how much customers use the tools 1.
The early conversion rate suggests customers will pay for advanced AI tools, which gives weight to this hybrid pricing model for other software-as-a-service firms.
That approach also costs money up front. Figma projected its non-GAAP operating margin, a profitability measure that excludes some items, would drop from 12% in 2025 to about 8% in 2026 as it pays for AI investments 1.