Palantir Technologies vs. Figma: Comparing Revenue Growth Trends
Key Points
Palantir Technologies generates higher revenue than Figma across the past eight quarters.
Both Figma and Palantir Technologies demonstrated consistent quarter-over-quarter revenue growth over the last eight periods.
Investors should watch whether the revenue gap between the two companies continues to widen in upcoming quarters.
- 10 stocks we like better than Figma ›
Figma: Steady Upward Revenue Trend
Figma (NYSE:FIG) primarily develops a collaborative, browser-based software platform that allows product teams to design, prototype, and build digital experiences.
It recently launched several artificial intelligence design features, and it disclosed that its chief executive officer voluntarily forfeited $46 million in stock awards.
Palantir Technologies: Accelerating Upward Revenue Trend
Palantir Technologies (NASDAQ:PLTR) engineers advanced software platforms that enable the intelligence community and commercial enterprises to uncover hidden patterns within complex datasets.
It secured a ground station production contract from the U.S. Army, while it established a collaboration with NVIDIA to manage internal supply chains.
Why Revenue Matters for Investors
Revenue shows investors the total money a company brings in before deducting operating expenses. This metric reveals whether an organization is successfully attracting customers and growing its overall business volume over time.
Figma vs. Palantir Technologies Revenue over the last 8 quarters.
Quarterly Revenue for Figma and Palantir Technologies
| Calendar quarter | Figma Revenue | Palantir Technologies Revenue |
|---|---|---|
| Q3 2024 | $198.6 million (quarter ended Sept. 30, 2024) | $725.5 million (quarter ended Sept. 30, 2024) |
| Q4 2024 | $216.9 million (quarter ended Dec. 31, 2024) | $827.5 million (quarter ended Dec. 31, 2024) |
| Q1 2025 | $228.2 million (quarter ended March 31, 2025) | $883.9 million (quarter ended March 31, 2025) |
| Q2 2025 | $249.6 million (quarter ended June 30, 2025) | $1.0 billion (quarter ended June 30, 2025) |
| Q3 2025 | $274.2 million (quarter ended Sept. 30, 2025) | $1.2 billion (quarter ended Sept. 30, 2025) |
| Q4 2025 | $303.8 million (quarter ended Dec. 31, 2025) | $1.4 billion (quarter ended Dec. 31, 2025) |
| Q1 2026 | $333.4 million (quarter ended March 31, 2026) | $1.6 billion (quarter ended March 31, 2026) |
| Q2 2026 | $370.1 million (quarter ended June 30, 2026) | $1.9 billion (quarter ended June 30, 2026) |
Data source: Financial Modeling Prep. Data as of Oct. 22, 2026.
Foolish Take
Palantir's revenue towers over Figma, since the former holds contracts with the U.S. and other governments in addition to commercial customers. Palantir also serves a key role through its AI platform, supporting the use of AI in warfare.
That aside, while both are experiencing year-over-year sales growth, Palantir has consistently delivered quarterly increases. This rapid rate of expansion demonstrates the strong customer demand it's seeing for its software solutions. The company expects to extend the trend in the third quarter, forecasting revenue to come in around $2.2 billion.
Figma's lower revenue reflects its smaller design-focused niche. In this arena, the company is producing outsized growth. Its second-quarter sales of $370.1 million represents an excellent 48% year-over-year increase.
Part of Figma's revenue expansion is due to its implementation of AI credits, with Q2 representing the first full quarter of AI credit monetization. This new revenue stream, where customers are charged based on usage of Figma's AI tools, enabled the company to raise its full-year guidance. Now, the question is whether AI usage continues to grow when Figma reports third-quarter earnings on Nov. 4.
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Robert Izquierdo has positions in Figma, Nvidia, and Palantir Technologies. The Motley Fool has positions in and recommends Figma, Nvidia, and Palantir Technologies. The Motley Fool has a disclosure policy.
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