🔴 Figma is trading 4.3% down in pre-market after Q3 gross margin missed expectations

Figma is trading 4.3% down at $21.17 after its November 4 earnings report, as Q3 gross margin came in below expectations.

• Q3 revenue beat estimates, and full-year guidance was raised; Reuters reported shares slid 8% in extended trading.
• Management forecast Q4 growth of about 33%, versus Q3’s 43%, alongside higher AI investment costs.
• CNBC said Q4 growth guidance remained above analyst expectations; the reaction appears focused on margin pressure and slower growth, not an earnings miss.