With its AI credit limits officially up and running, design software maker Figma has just notched another successful quarter under its belt.
The company reported $333.4 million in revenue for quarter one—a 46% increase year-over-year (YOY). The boost follows 40% and 38% revenue growth YOY during the two previous quarters.
Figma attributes its improving performance, in large part, to its AI-powered tools.
“Our outperformance in quarter one was fueled by stronger than expected seat expansion across entire organizations, driven by design’s growing importance and adoption of our AI products including Figma Make, MCP, and Figma Weave,” Figma CFO Praveer Melwani said in a statement.
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Figma increased its full-year 2026 revenue outlook by $55 million, to a range of $1.422 billion and $1.428 billion. If met, revenue would grow 35% YOY. In the nearer future, the company expects second quarter revenue to reach $348 million to $350 million—a 40% increase on average.
In premarket trading on Friday morning, shares of Figma Inc (NYSE: FIG) were up over 9% to $22, their highest point since March. The stock is still significantly down from last July’s IPO, when it opened at $85 per share.
Are credit limits the future of AI monetization?
Figma uses AI credits to track and monetize tool usage. In March, the company put caps in place, enforcing credit limits for all “seats,” which determine which products and features Figma users have access to.
According to Figma, it’s paying off so far. The company reports that over 75% of its “org and enterprise” customers chose to purchase more AI credits after exceeding their limits in April.
As of the end of the month, 95% of those users were still active on the platform, Figma said.
“With full seat AI credit limits now live, growing AI usage and adoption now translates into revenue, a key monetization milestone,” Melwani said in a post-earnings call. “Importantly, the service area for credit consumption continues to expand.”