Figma reported revenue of $391.4 million for the third quarter of 2026, exceeding its previous guidance by $16.4 million. This represents a 43% increase compared to the same period last year. The company also maintained a net dollar retention rate of 131%, marking the fifth consecutive quarter the metric has remained above 130%.
The number of paid customers generating over $10,000 in annual recurring revenue reached 16,566, an increase of 3,650 year-over-year. Figma reported a non-GAAP operating income of $47 million, representing a 12% margin. As of the end of the quarter, the company held $1.7 billion in cash, equivalents, and marketable securities.
Gross margins stood at 80% on a GAAP basis and 82% on a non-GAAP basis. Management raised the full-year 2026 revenue guidance to a range between $1.497 billion and $1.499 billion. For the fourth quarter, the company projects revenue between $402 million and $404 million, implying a year-over-year growth of approximately 33%.
Figma continues to integrate AI tools, with 65% of large paid customers using the Figma Agent weekly. The company also introduced Code Layers in open beta in mid-October 2026. Despite strong financial performance, investors expressed concerns regarding the impact of rising AI inference costs on future gross margins.
