Figma's Q2 revenue increased 48% to $370.1 million, but shares fell 15.56% after hours.

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Figma's Q2 revenue increased 48% to $370.1M, with altcoins to watch showing mixed reactions. GAAP gross profit reached $30.96M (84% margin), while non-GAAP gross profit was $31.4M (85% margin). Figma reported a GAAP operating loss of $11.73M but a non-GAAP operating income of $36.1M. The company generated $60.9M in net cash from operations and $53.2M in free cash flow. Shares declined 15.56% to $23.83 in after-hours trading amid a bearish Fear & Greed Index reading.

ChainThink reports that, on August 6, according to the official announcement, Figma's revenue for the second quarter of fiscal year 2026 was $370.1 million, a 48% year-over-year increase, exceeding the previously provided guidance range.

GAAP gross profit was $309.6 million, with a gross margin of 84%; non-GAAP gross profit was $314 million, with a gross margin of 85%. Both gross profits accelerated to 40% year-over-year growth.

During the reporting period, Figma's GAAP operating loss was $117.3 million, with a GAAP operating margin of 32%; non-GAAP operating income was $36.1 million, with an operating margin of 10%.

Operating cash flow provided was $60.9 million, and free cash flow was $53.2 million. GAAP and non-GAAP operating income were impacted by increased sales and marketing investments related to the annual user conference, Config.

According to market data, Figma fell 15.56% in after-hours trading, closing at $23.83.

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