🔹 Revenue: $249.6M (Est. $248.7M) 😐; UP +41% YoY
🔹 EPS: $0.00 (Est. $0.08) 🔴
Business Metrics
🔹 Net Dollar Retention Rate: 129% (for >$10k ARR customers)
🔹 Paid Customers >$10k ARR: 11,906
🔹 Paid Customers >$100k ARR: 1,119
🔹 >80% of customers use 2+ products; ~⅔ use 3+ products
Q3 Guidance
🔹 Revenue: $263M–$265M; UP +33% YoY
FY25 Guidance
🔹 Revenue: $1.021B–$1.025B; UP +37% YoY
🔹 Adj. Operating Income: $88M–$98M
Product & Growth Updates
🔹 Launched 4 products: Figma Make (AI prototyping), Figma Draw, Figma Sites, Figma Buzz
🔹 Released Dev Mode MCP server for LLM-integrated workflows
🔹 Hosted annual Config conference, boosting customer engagement
🔹 Closed acquisitions of Modyfi (motion/animation tools) & Payload (headless CMS)
Other Metrics:
🔹 Operating Income: $2.1M; Operating Margin: 1%
🔹 Adj. Operating Income: $11.5M; Margin: 5%
🔹 Net Income: $28.2M; Adj. Net Income: $19.8M
🔹 Operating Cash Flow: $62.5M; Margin: 25%
🔹 Adj. Free Cash Flow: $60.6M; Margin: 24%
🔹 Cash & Investments: $1.6B
CEO Commentary
🔸 Dylan Field: “We delivered record revenue in Q2 as we continued to innovate with the launch of four new products. Design is more important than ever, and we have so much more to build.”
🔸 CFO Praveer Melwani: “We delivered best-in-class revenue growth and positive operating margin, while investing in AI and expanding our platform.”