Figma revenue climbs 46% as it raises full-year guidance

Figma's Q1 2026 revenue came to $333.4 million, up 46% year-over-year, accelerating from 40% growth the previous quarter. Net Dollar Retention Rate reached 139%, its highest in over two years, and paid customers grew 54% year-over-year to roughly 690,000.

• New Pro team conversions grew more than 150% year-over-year, which Figma attributes to continued adoption of its AI features.
• About 60% of paid customers with more than $100,000 in ARR used Figma Make weekly in the quarter, up from over 50% the prior quarter.
• Figma expanded Code to Canvas, letting users bring interfaces generated in tools like Claude Code, Codex, Cursor, VS Code and Warp into Figma's canvas as editable layers.
• New Figma MCP capabilities let agents read and write directly to Figma files, creating and modifying design assets using a team's own components, variables and tokens; MCP weekly active users in Figma Design grew five times quarter-over-quarter.
• Figma Weave (formerly Weavy) got a timeline editor for refining AI-generated video.

Figma raised its full-year 2026 revenue guidance to between $1.422 billion and $1.428 billion, a $55 million increase from its previous guidance, and non-GAAP operating income guidance to between $125.0 million and $135.0 million. Full details are in the original announcement.

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