Figma reports Q2 revenue up 48% YoY to $370.1M, vs. $351.6M est., and lifts annual revenue forecast but keeps profit outlook intact; FIG drops 15%+ after hours
THE SO WHAT
Figma growing 48% to $370M and still getting hit 15% after hours is another data point that markets are repricing high-growth SaaS on margin discipline, not just AI-fueled top line. If you’re in a similar bucket, expect less credit for “AI demand” narratives and more scrutiny on cost curves and unit economics.
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