Figma Q2 Earnings Preview: Adobe Is A Better Option
In a Q2 earnings preview, Seeking Alpha rates Figma a Hold, citing strong growth and AI-driven expansion but high valuation. The excerpt notes revenue growth decelerated to 41% YoY in 2025, gross margin compressed from ~89% to ~82%, and stock-based compensation is driving a large GAAP operating loss and significant shareholder dilution.
Why it matters — FIG watchers would care because the preview flags decelerating growth, margin compression, and dilution concerns heading into the quarterly report.