Figma, Inc.FIG

Figma invests in AI-powered design generation, agentic workflows, native code layers, and related acquisitions.

“through AI-powered design generation, agentic workflows, and native code layers. We are continuing to invest in AI so our customers can continue to innovate and push what is possible on our platform. We have also made acquisitions that expand Figma’s capabilities, such as Payload CMS, Inc., a leading open-source headless content management system, and Weavy Inc., now Figma Weave, which brings the world’s leading AI models together with professional editing tools on a single, browser-based canvas.”

Figma integrated generative AI and agentic workflows across its platform and introduced AI credits.

“Although we were founded in October 2012, we have evolved our business and platform significantly since publicly launching our initial product, Figma Design, in 2015, including through the introduction of new offerings. For example, we introduced FigJam in 2021, Dev Mode in 2023, Figma Slides in 2024, Figma Sites, Figma Make, Figma Buzz, Figma Draw, and Figma Weave in 2025. Over the last few years we have integrated generative AI and code-related capabilities across our platform, including through AI-powered design generation, agentic workflows, and native code layers. In addition, in March 2025, we implemented significant changes to our pricing, packaging, and billing models. In 2025, we introduced AI credits across all Figma seats. Starting in March 2026, we began enforcing AI credit limits and introduced flexible options for incremental usage, including monthly AI credit add‑ons to existing subscriptions or usage billed under a pay‑as‑you‑go model. Accordingly, we have a limited operating history at our current scale of business, and with our current product offerings and pricing, packaging, and billing models, which makes it difficult to evaluate our current business, future prospects, and other trends. For example, we have experienced periods of expansion in our Net Dollar Retention Rate (as defined in the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Key Business Metrics” contained within this Quarterly Report on F”

Third-party AI agents on Figma platform may circumvent pricing models and increase costs.

“Third-party AI agents and tools that operate on or through our platform may circumvent our pricing and packaging models, increase our costs, and adversely affect our business, operating results, financial condition, and future prospects.”

Third-party AI agents in Figma may reduce paid seats, increase load, and create fraud risk.

“In March 2026, we introduced the ability for third-party AI agents to create and modify real design assets directly in Figma files through our MCP server. Customers may also use, or third parties may develop, tools that automate or orchestrate workflows on our platform (including through browser extensions, plugins, scripts, bots, or other third-party tools). The introduction of AI agents or other third-party tools on our platform could reduce the number of paid seats required for a given level of output, circumvent or undermine our intended pricing and packaging controls, increase platform load, or create fraud and abuse risk. If we are unable to detect and effectively monetize such activity, or if we restrict or limit such tools and customers react negatively, our revenue, margins, growth, and reputation could be adversely affected. In addition, we are evaluating consumption-based pricing and metering mechanisms for our developer platform, such as rate limits and usage-based charges for access to certain application programming interfaces (“APIs”), MCPs, or other programmatic access to our platform. The introduction, adjustment, or deferral of any such pricing or metering approach may not generate the revenue we expect, may accelerate seat-replacement dynamics rather than offset them, and may cause customer dissatisfaction or contract disputes. Any such approach may also increase complexity for our customers and our sales, finance, and support teams, may create disagreement”

Third parties continue to develop autonomous AI agents that operate on Figma platform.

“In addition, third parties have introduced, and we expect they will continue to develop, browser-based, operating-system-based, and other autonomous AI agents that operate software platforms, including”

External AI agents may reduce demand for Figma seats and require new governance mechanisms.

“ours, on a user’s behalf, including agents offered by providers whose models we license or with which we otherwise integrate. Because these external agents typically interact with our platform using a single user’s authenticated session, our seat-based pricing, billing, administrative controls, monitoring, and terms of service may be less effective at identifying agent activity, attributing usage to the appropriate party, detecting automation, or determining when additional seats, credits, or charges should apply. As external AI agents become more capable, customers may use them to perform tasks that would otherwise require additional users, seats, or activity on our platform, which could reduce demand for paid seats, accelerate seat-replacement dynamics, or shift workflows away from our user interface and toward third-party agent interfaces, any of which could erode the perceived value or differentiation of our platform. We may need to invest in new identification, attribution, authentication, governance, and pricing mechanisms, and we may face conflicting demands from customers, including enterprise customers seeking to restrict agent activity for governance, security, or compliance reasons and other customers seeking to permit or expand agent activity. We may not be able to address these demands in a timely or commercially reasonable manner, and our decisions to permit, restrict, monetize, or otherwise govern external agent activity, or any technical or contractual measure”

Third-party AI agents on Figma's platform may circumvent pricing models and increase costs.

“Third-party AI agents and tools that operate on or through our platform may circumvent our pricing and packaging models, increase our costs, and adversely affect our business, operating results, financial condition, and future prospects.”

Figma introduced third-party AI agents that create and modify design assets via its MCP server.

“In March 2026, we introduced the ability for third-party AI agents to create and modify real design assets directly in Figma files through our MCP server. Customers may also use, or third parties may develop, tools that automate or orchestrate workflows on our platform (including through browser extensions, plugins, scripts, bots, or other third-party tools). The introduction of AI agents or other third-party tools on our platform could reduce the number of paid seats required for a given level of output, circumvent or undermine our intended pricing and packaging controls, increase platform load, or create fraud and abuse risk. If we are unable to detect and effectively monetize such activity, or if we restrict or limit such tools and customers react negatively, our revenue, margins, growth, and reputation could be adversely affected. In addition, we are evaluating consumption-based pricing and metering mechanisms for our developer platform, such as rate limits and usage-based charges for access to certain APIs, MCPs, or other programmatic access to our platform. The introduction, adjustment, or deferral of any such pricing or metering approach may not generate the revenue we expect, may accelerate seat-replacement dynamics rather than offset them, and may cause customer dissatisfaction or contract disputes. Any such approach may also increase complexity for our customers and our sales, finance, and support teams, may create disagreement over whether such usage should be char”

Third-party autonomous AI agents interact with Figma's platform using user sessions and may reduce demand for paid seats.

“In addition, third parties have introduced, and we expect they will continue to develop, browser-based, operating-system-based, and other autonomous AI agents that operate software platforms, including ours, on a user’s behalf, including agents offered by providers whose models we license or with which we otherwise integrate. Because these external agents typically interact with our platform using a single user’s authenticated session, our seat-based pricing, billing, administrative controls, monitoring, and terms of service may be less effective at identifying agent activity, attributing usage to the appropriate party, detecting automation, or determining when additional seats, credits, or charges should apply. As external AI agents become more capable, customers may use them to perform tasks that would otherwise”

Figma faces risks from external AI agents that could reduce paid seats, shift workflows, and require new governance mechanisms.

“require additional users, seats, or activity on our platform, which could reduce demand for paid seats, accelerate seat-replacement dynamics, or shift workflows away from our user interface and toward third-party agent interfaces, any of which could erode the perceived value or differentiation of our platform. We may need to invest in new identification, attribution, authentication, governance, and pricing mechanisms, and we may face conflicting demands from customers, including enterprise customers seeking to restrict agent activity for governance, security, or compliance reasons and other customers seeking to permit or expand agent activity. We may not be able to address these demands in a timely or commercially reasonable manner, and our decisions to permit, restrict, monetize, or otherwise govern external agent activity, or any technical or contractual measures we adopt or fail to adopt, could result in customer dissatisfaction, contractual or regulatory disputes (including with the operators of such agents), reduced adoption of our platform, or reputational harm. The legal and regulatory framework applicable to external AI agents, including with respect to terms-of-service enforceability, liability for content generated through agent activity, and competition and platform-access requirements, is unsettled and evolving, and adverse developments could increase our costs, limit our ability to control agent activity on our platform, or otherwise adversely affect our business”

AI agents may shift customer workflows away from Figma's traditional interfaces and reduce design work on its platform.

“AI technologies are rapidly changing how digital products and experiences are being designed, prototyped, and built. These shifts may be unpredictable and could include new interaction paradigms, devices, or form factors (such as through AI agents or assistants, conversational or voice-driven workflows, mixed reality or other new form factors, AI agent collaboration, or experiences delivered through operating systems or a small number of ecosystems). This may change how people access and interact with digital products in ways that reduce reliance on traditional software applications, websites, and graphical user interfaces. For example, in an interaction paradigm in which AI agents collaborate with other agents or transact directly with digital services on behalf of users, customers may shift workflows away from traditional user interfaces and toward alternative agent-mediated environments. This could also reduce the amount of traditional interface design, prototyping, and front-end development work that organizations choose to perform or maintain, or cause our customers to shift the performance of certain tasks or workflows into other environments or toolchains outside our platform. For example:”

Figma warns of cybersecurity risks including prompt injection, AI vulnerability discovery, and supply-chain compromises via AI agents.

“We face evolving cybersecurity risks that threaten the confidentiality, integrity, and availability of our or our customers’ confidential or personal data and our and our third-party service providers’ information technology systems, which could result from human error, system misconfiguration, or from cyber-attacks, including distributed-denial-of-service attacks, reverse-engineering of AI algorithms, prompt injection attacks, automated reconnaissance, web scraping, ransomware attacks, business email compromises, credential stuffing, computer malware, viruses, and social engineering (including phishing, deepfakes, and voice cloning), software supply-chain compromises, including but not limited to via AI agents, templates, designs, icons, widgets, plugins, or other third party software or content, malicious code embedded in open-source software, or misconfigurations, “bugs” or other vulnerabilities in commercial software that is integrated into our and our third-party service providers’ information technology systems, products or services, which are prevalent in our industry. Recent advancements in AI have demonstrated the potential for AI systems to autonomously discover and exploit software vulnerabilities, including zero-day vulnerabilities, at speeds and scales that exceed previous human capability, which may materially accelerate the timeline and severity of potential attacks. These threats may come from a variety of sources, including nation-state sponsored espionage an”

Figma has integrated AI functionality across its platform including native features and Dev Mode MCP server for agentic coding.

“• Maintaining our rapid and proven pace of product innovation: Since launching our core product Figma Design in 2015, we have expanded our platform to serve more parts of the product development process with FigJam, Figma Slides, Figma Draw, Figma Make, Dev Mode, Figma Sites, and Figma Buzz. We’ve integrated AI functionality extensively across our platform—from standalone products like Figma Make to native AI features that automate rote, repetitive tasks in FigJam and Figma Design, to our Dev Mode MCP server, which allows developers to bring context from Figma into agentic coding”

Figma states AI shifts may include new paradigms such as AI agents assistants or conversational workflows.

“AI technologies are rapidly changing how digital products and experiences are being designed, prototyped, and built. These shifts may be unpredictable and could include new interaction paradigms, devices, or form factors (such as through AI agents or assistants, conversational or voice-driven workflows, mixed reality or other new form factors, or experiences delivered through operating systems or a small number of ecosystems). This may”