Design software maker Figma has reported another strong quarter, with its AI credit system contributing to significant revenue growth and a stock price surge to a seven-week high.
Record Revenue Growth Driven by AI Adoption
Figma announced $333.4 million in revenue for Q1 2025, marking a 46% increase year-over-year (YOY). This follows 40% and 38% YOY revenue growth in the two prior quarters, respectively.
The company attributes its performance to the rising adoption of its AI-powered tools, including Figma Make, MCP, and Figma Weave.
“Our outperformance in quarter one was fueled by stronger than expected seat expansion across entire organizations, driven by design’s growing importance and adoption of our AI products including Figma Make, MCP, and Figma Weave.”
— Praveer Melwani, Figma CFO
Revised Revenue Outlook for 2026
Figma increased its full-year 2026 revenue forecast by $55 million, raising the projected range to $1.422 billion to $1.428 billion. If achieved, this would represent a 35% YOY increase.
For Q2 2025, the company expects revenue between $348 million and $350 million, averaging a 40% YOY increase.
Stock Price Surges to Seven-Week High
In premarket trading on Friday, May 16, 2025, Figma’s stock (NYSE: FIG) rose over 9% to $22, reaching its highest point since March. However, the stock remains significantly below its July 2024 IPO price of $85 per share.
AI Credit System Proves Effective
Figma introduced AI credit limits in March 2025, capping usage for all “seats” to determine access to AI features. The system appears to be working: over 75% of org and enterprise customers purchased additional AI credits after hitting their limits in April.
As of April 30, 2025, 95% of those users remained active on the platform.
“With full seat AI credit limits now live, growing AI usage and adoption now translates into revenue, a key monetization milestone. Importantly, the service area for credit consumption continues to expand.”
— Praveer Melwani, Figma CFO
Figma’s AI credit model is emerging as a potential blueprint for monetizing AI features in the design software industry.
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