The company reported $391.4 million in revenue for the third quarter, comfortably exceeding the $376.5 million forecast by Wall Street. Profitability metrics also showed marked improvement: Figma posted a loss of $81.3 million, or 15 cents a share, a stark contrast to the $1.1 billion loss recorded during the same period last year. On an adjusted basis, earnings reached 10 cents a share, doubling the 5-cent estimate provided by analysts polled by FactSet.

Bolstered by these results, Figma raised its full-year revenue guidance to approximately $1.5 billion. This target sits $33 million above the company's previous midpoint forecast and surpasses the $1.47 billion consensus estimate held by analysts.