00:00Figma CEO Dylan Field is with us. I think, you know, beyond the numbers themselves, Dylan,
00:06some are looking at this and saying, well, there's lots of new Figma products.
00:11Is Dylan being conservative in guiding how those new products are showing up in the latter part
00:17of this year? Well, first of all, good to see you again. And thanks for having me on.
00:23Yeah. I mean, I think that as we look at forecasting in general, our guidance does not
00:32always price in potential upside of efforts that have not proven themselves yet. And we try to make
00:39sure that we guide based on what we can observe. And what we did observe this quarter was very strong
00:47revenue growth. Year over year, our revenue grew by 48%. And this is our third consecutive quarter
00:53of accelerated growth. And it's also our first full quarter of guide monetization. And our NDR was
01:00about 136%. So overall, we felt very strong. And we are very much investing for what's ahead.
01:10How are the customers behaving? Like what's the story in the fields that you sell your software
01:17into, Dylan? Yeah, I would say that customers have been on definitely a journey as they look to figure
01:25out how do we integrate AI into the workflow. And some of those customers, that journey,
01:31they really understood where they're at and what they're doing, even end of last year. And we're
01:37doubling down on Figma then. Others, I think, have, those may be the early adopters. Others have been
01:43working through that process of figuring it out throughout the last six months. And they're also
01:51coming back to double down on Figma fully. And I think that as workflows change, what we're trying
01:56to do is meet customers where they are. So what we see are customers sometimes starting with design,
02:04sometimes starting in code. And with our MCP, they can pull their work into Figma, or they can read from
02:09Figma to go build. And more of that will be fully encompassed in the Figma workflow with our agents
02:14in the future.
02:16Dylan, a lot of people today are reading the story, Figma CEO forfeits $46 million in stock
02:22after share decline. What was your thinking on that?
02:27Well, I did a while back. So it wasn't linked to yesterday.
02:31Anyway, but yeah, I mean, look, dilution is something that I feel just like our shareholders
02:36feel. And given that this is an investment period right now, that felt like the thing that made sense
02:44to do. And yeah, I mean, mostly I've just been my entire head is in how do we invest for
02:50the future?
02:50Because we have so much we can grow right now.
02:52You're still trying to build.
02:54Yes.
02:56We just had 30 seconds in, but what are you most focused on building right now?
03:01I'm focused on a few things. First, our Figma agent, making it so you can, we already have this
03:07out, but gain that to monetization and also making it so that we're able to serve customer needs and
03:13workflows better. I'm also focused on code layers, bringing code into the canvas and making it so
03:18that as code becomes more of a commodity, design is the operating level and layer that you're able
03:25to work in, in order to define what your team is doing and able to make it so that people
03:30build
03:31great software from there. And I think that if we can capture that and make it so that Figma agent
03:36can support these workflows, then you'll be able to build out from the design layer. And from there,
03:42I think there's so much that's possible and you can really have designers steering.
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