Figma released FY2024 Q2 earnings on September 3, 2025 (EST), with actual revenue of USD 177.2 M and EPS of USD -4.39

Brief Summary

Figma’s Q2 2024 earnings report revealed a revenue of $177.2 million and an EPS of -$4.39.

Impact of The News

Financial Performance and Market Expectations:

• Figma reported a revenue of $177.2 million and an EPS of -$4.39 for Q2 2024.
• The negative EPS suggests significant losses, which often disappoints investors.
• Compared to peers like Nvidia, which showed a 62% revenue growth and a significant profit margin, Figma’s financial results are weak, indicating its competitive struggles in the market.

Industry Benchmarking:

• In comparison, companies like Marvell saw revenue in billions and a modest growth of 3.4% in a similar timeframe.
• Dell exhibited a strong performance with a $270 billion revenue and a 10.8% growth, mainly driven by their AI server segment.
• Figma’s performance is subpar in comparison to these benchmarks, highlighting potential struggles in scaling or market adaptation.

Business Status and Development Trends:

• The significant loss and poor EPS might be influenced by Figma’s legal issues concerning data and IP usage for AI tools, which might have increased operational costs or reduced investor confidenceReuters.
• Given the high valuation from their recent IPO, investor expectations are likely high, amplifying the impact of these financial results.
• Moving forward, Figma must address these legal challenges and improve operational efficiency to meet market expectations and sustain growth.