Figma's stock experienced a pre-market soar of 11.91% on Friday, following the release of its first-quarter financial results after the previous day's market close.

The collaborative design platform reported quarterly adjusted earnings of $0.10 per share, surpassing the analyst consensus estimate of $0.06 by 66.67%. First-quarter revenue reached $333.44 million, beating estimates of $313.16 million and representing a 46.12% increase year-over-year. Crucially, the company raised its full-year 2026 revenue outlook to a range of $1.42 billion to $1.43 billion, up from its prior forecast and above analyst expectations.

Management attributed the strong performance and optimistic guidance to the growing adoption and monetization of its artificial intelligence tools, which are helping convert more users to paid plans and expand software usage among large corporate customers. The company noted that over 75% of its "Organization" and "Enterprise" users continued utilizing AI credits in April after the implementation of credit limits in March, demonstrating strong traction for its recently monetized AI features. Additionally, Figma reported a net dollar retention rate of 139%, the highest in over two years, indicating strong customer loyalty and expansion within its existing user base.