Figma (FIG): Ignoring the AI paywall curse & funding operations with Adobe's $1B [Q1 2026]

Figma’s Q1 2026 results prove that human design is becoming software’s most valuable commodity in an AI-generated world. 🎨In ~10 minutes:• How enforcing strict AI usage paywalls resulted in almost zero churn.• Why usage of their Model Context Protocol for developers spiked 5x.• The $56M one-off corporate bonus masking their true free cash flow.• Deploying the $1B Adobe termination fee into Treasuries and Bitcoin.Following a brutal 47% drawdown, Figma's 46% revenue acceleration triggered a massive 19% aftermarket rally. Management successfully forced enterprise IT admins to approve heavy seat upgrades, pushing Net Dollar Retention to a two-year high of 139%. But with a seasonal Q2 expense pinch looming, the company must now navigate the hidden threat of "Bring Your Own Key" enterprises looking to bypass Figma's AI usage fees.Figma, Inc. (FIG) | Q1 FY2026AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.