Figma Valuation Plummets as AI R&D Spending Doubles Despite Revenue Growth

By Sarah Fielding · Fast Company · 2026-08-06

According to Fast Company, Figma investors reacted poorly to a second-quarter earnings report that showed research and development costs ballooning to $167.3 million. Despite a 48% jump in revenue and management raising future growth targets, the software firm's stock dropped ove

According to Fast Company, Figma investors reacted poorly to a second-quarter earnings report that showed research and development costs ballooning to $167.3 million. Despite a 48% jump in revenue and management raising future growth targets, the software firm's stock dropped ove