Figma Stock Drops 11.4% After Its First Post-IPO Earnings Report
As seen on the 24/7 Wall St. homepage on November 5, 2026.
Regular session
$18.52
-11.39%
open $20.90
The first session after Figma filed its Q3 earnings wiped 11.4% off the stock, a double-digit single-day reset. Keep an eye on whether buyers step in near these levels.
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Figma closed near $18.52 on November 5 as investors cut exposure after the company's first quarterly earnings report since its public debut.
An 11.4% single-day decline is a meaningful reset for a newly public company still establishing its valuation floor.
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The $20.90 open now stands as near-term resistance, and failure to recover toward it leaves sellers in control.
The question from here is whether buyers treat the $18.52 area as an entry point or let the stock drift lower.
Sources
Mentioned: FIG