Figma Stock (FIG) Plunges 14% on First Post-IPO Earnings Miss

Figma (FIG) shares tumbled more than 14% in extended trading after the cloud-based design platform reported disappointing quarterly results. The company's first earnings release since its July 2025 IPO fell short of analyst expectations, with $249.64 million in revenue missing the $250 million consensus estimate.

The break-even earnings per share contrasted sharply with the projected $0.09 profit, though marked significant improvement from the $4.39 loss per share in the prior year period. CEO Dylan Field emphasized record quarterly revenue and new product launches, maintaining Optimism about Figma's role in shaping digital product design.

Despite a spectacular 333% IPO pop from its $33 offering price to $142.92, FIG shares have since retreated 44.2% from their debut valuation. The after-hours selloff reflects investor disappointment following the company's high-profile market entrance.