Figma shares dropped to a 52-week low of $16.80 on Friday. The stock experienced heavy trading volume during the decline.
The company is transitioning to an AI-credit hybrid pricing model. This move has triggered revenue unpredictability and reduced margin guidance for fiscal year 2026.
Analysts cite structural risks to the traditional seat-based pricing structure. Ongoing tech sector layoffs continue to threaten this revenue model.
An insider lock-up expiration is scheduled for August 2026. The event will release more than $6 billion in shares, potentially creating a long-term supply overhang.