Figma, Inc. (FIG) had itself a night on Wednesday, with shares rallying nearly 18% after hours as the design software company delivered a fourth-quarter earnings report that beat expectations on every metric that matters.

The Numbers Tell a Growth Story

Let's start with the headline figures. Figma posted earnings of eight cents per share, topping the Street's estimate of seven cents. Revenue came in at $303.78 million, well above the $293.15 million analyst consensus and up from $216.95 million in the year-ago quarter. That's solid growth by any measure.

But the really interesting stuff is in the customer metrics. As of December 31, 2025, Figma counted 13,861 paid customers generating more than $10,000 in annual recurring revenue. Move up the ladder and there were 1,405 customers above the $100,000 ARR mark, plus 67 heavyweight clients exceeding $1 million in ARR. These numbers matter because they show Figma isn't just adding users—it's expanding within existing accounts.

AI Is the Real Story Here

The standout performance came from Figma Make, the company's AI-powered product development tool. Weekly active users surged over 70% quarter-over-quarter, and here's the kicker: more than half of those big-spending customers with over $100,000 in ARR were actively building in Figma Make every week during the quarter.

Even more telling, over 80% of Figma Make's weekly active users on full seats also used Figma Design during the three-month period, demonstrating that AI workflows are becoming deeply embedded across the platform rather than existing as a separate product.

Figma also rolled out a new Claude Code integration that lets users pull user interfaces generated in Claude Code directly into Figma's workspace as editable layers—the kind of feature that makes designers' lives easier and keeps them locked into the platform.

"2025 was a massive year for Figma, and the fourth quarter was our best quarter yet," said CEO Dylan Field. "Our accelerated revenue and customer growth going into 2026 reflect design's power and Figma's essential place at the center of the product development stack."

Looking Ahead

The guidance is where Figma really turned heads. For the first quarter, the company expects revenue between $315 million and $317 million, crushing the $291.9 million analyst estimate. For the full fiscal 2026, Figma projects revenue of $1.37 billion to $1.374 billion versus the Street's $1.29 billion expectation.

Figma stock jumped 18.39% to $28.65 in extended trading following the report.