Figma's first earnings report since its July IPO revealed a shift in market sentiment. The company's stock, which had soared in its IPO, experienced a roughly 15% drop in after-hours trading. Despite this, Figma reported a strong 41% year-over-year revenue growth, reaching $249.6 million, surpassing Wall Street expectations. They also projected impressive revenue for 2025, exceeding the analysts' estimates. Figma announced new products, including AI-powered tools like Figma Make and Figma Sites for website publishing. The stock's decline might be due to high investor expectations following the IPO's success. CEO Dylan Field highlighted significant investments in AI, which could reduce profit margins in the short term. A further contributing factor to the price drop might be the end of the lockup period for a quarter of employee-owned shares. This release of more shares into the market could dilute existing shares' value. The situation is still evolving as the market continues to react.