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Figma (FIG) Climbs 13% Amid Revenue Beat

Figma Inc. (NYSE:FIG) is one of the 10 Stocks Dominating With Powerful Gains.

Figma climbed by 13.24 percent on Friday to close at $22.92 apiece, as investors cheered its strong revenues for the first quarter of the year, which beat earlier expectations.

In a statement, Figma Inc. (NYSE:FIG) said that it grew its revenues by 46 percent to $333.4 million, beating its earlier guidance of $315 million to $317 million. The figure marked a 46 percent jump from the $228 million in the first quarter last year.

Photo from Figma website

CFO Praveer Melwani pointed to the stronger-than-expected seat expansion across entire organizations, driven by design’s growing importance and adoption of its AI products such as Figma Make, MCP, and Figma Weave.

Figma Inc. (NYSE:FIG), however, swung to a net loss of attributable to shareholders of $142 million from an $8.6 million attributable net income year-on-year.

Looking ahead, Figma Inc. (NYSE:FIG) raised its revenue growth outlook for the full-year period to a range of $1.422 billion to $1.428 billion, versus the $1.366 billion to $1.374 billion previously expected. This would imply a growth of 34.6 percent to 35 percent from the $1.056 billion posted last year.

For the second quarter alone, revenues are projected to be in the range of $348 million to $350 million, or an implied growth of 39 percent to 40 percent from the $249.6million year-on-year.

While we acknowledge the risk and potential of FIG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FIG and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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