Figma banking on AI credits, in-house model to lift margins

Figma is leaning on cashing in on its AI features through credits and using its first-party model to power tasks on its design software platform to bolster its margins, finance chief Praveer Melwani told Reuters on Wednesday.

The company lifted its annual revenue and operating margin forecast, encouraged by demand for its AI tools, including a design assistant called “Figma Agent”.

However, its shares slid 8% in extended trading after third-quarter gross margin came in slightly below estimates.