Figma, Ciena, Asana, Braze, UiPath, and Guidewire Report Q2 and FY2025 Financial Results

Figma, Inc. reported strong financial results for its second quarter of 2025, marking another milestone in its post-IPO growth trajectory. Revenue reached $249.6 million, a 41% increase year-over-year, driven by continued demand for its collaborative design platform. The company achieved a record 129% net dollar retention rate, reflecting deepening customer investment and product adoption. Figma’s CEO Dylan Field highlighted the company’s innovation momentum, citing the launch of four new products and ongoing AI integration. CFO Praveer Melwani emphasized best-in-class revenue growth and a positive operating margin, underscoring the company’s financial strength and strategic focus on AI and platform expansion. Figma’s non-GAAP operating income rose to $11.5 million, up from a loss of $894.3 million in the same quarter last year, while non-GAAP net income reached $19.8 million. The company also reported strong cash flow, with free cash flow of $60.6 million and adjusted free cash flow of $60.6 million. Figma’s success was supported by its growing customer base, with Core customers—those spending $5,000 or more annually—increasing by 9% year-over-year to 25,006. The company also announced the early release of lock-up shares, with 25% of certain employee-held shares becoming tradable on September 5, 2025, following a stock price surge above 25% of the IPO price. In a separate development, Ciena Corporation reported robust performance for its fiscal third quarter ended August 2, 2025, with revenue rising 29.4% to $1.22 billion. The company’s GAAP net income grew to $50.3 million, and non-GAAP net income reached $96.2 million, reflecting strong demand for high-speed networking solutions driven by AI infrastructure. Ciena’s adjusted gross margin was 41.9%, and operating margin reached 10.7%, highlighting improved efficiency. The company cited strong customer demand, particularly in optical networking, and expanded visibility into fiscal year 2026. Ciena also announced a new stock repurchase program and reaffirmed its confidence in sustained growth. Asana, Inc. reported its second quarter of fiscal 2026 with revenue of $196.9 million, a 10% year-over-year increase. The company achieved a significant turnaround in profitability, reporting non-GAAP operating income of $14.0 million, compared to a loss of $15.7 million in the same quarter last year. Net income rose to $15.1 million, and non-GAAP net income per share reached $0.06. Asana’s cash flow from operations improved to $39.8 million, with adjusted free cash flow of $35.4 million. The company’s dollar-based net retention rate stabilized at 96%, and Core customers grew by 9%. Asana highlighted the launch of AI Studio, Smart Workflows, and expanded partnerships with AWS and Mastercard. Leadership changes, including Dan Rogers as CEO, and new ESG and AI trend reports further underscored Asana’s strategic pivot toward AI-powered work management. Together, these companies reflect a broader trend of AI-driven innovation and financial resilience in the tech sector. Figma and Asana are leveraging AI to enhance collaboration and productivity, while Ciena is capitalizing on the infrastructure demands of the AI boom. Despite challenges around copyright and market competition, these firms are demonstrating strong growth, operational discipline, and strategic vision. Their results signal growing confidence in the long-term potential of AI and digital transformation across industries.