Figure Technology Solutions (NASDAQ:FIGR) Announces Earnings Results

Figure Technology Solutions (NASDAQ:FIGR) released its earnings results on Thursday. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05, FiscalAI reports. The business had revenue of $283.35 million for the quarter. Figure Technology Solutions had a net margin of 33.45% and a return on equity of 18.90%. The company’s revenue for the quarter was up 84.0% compared to the same quarter last year. During the same period last year, the business earned $0.34 earnings per share.

Here are the key takeaways from Figure Technology Solutions’ conference call:

• Q3 loan marketplace volume reached $5.8 billion, up 135% year over year as reported and 107% on a standalone basis. Adjusted EBITDA rose 91% to $164 million, with a 58% margin.
• Figure Connect grew to 74% of marketplace volume, while ecosystem and technology fees more than tripled year over year to about 40% of revenue—supporting management’s shift toward a more capital-light model.
• The Kiavi acquisition adds RTL and DSCR products in a stated $200 billion-plus addressable market; Figure said it had actioned $30 million of cost synergies and expects an unlevered payback period of under four years. Management also reported a 29% increase in funded dollars per loan approval with its AI loan officer assistant.
• For Q4, Figure guided to $6.2 billion–$6.7 billion in marketplace volume and 3.1%–3.4% combined gross take rate, while warning of typical seasonal softness and lower adjusted EBITDA margins. The first full quarter with Kiavi is expected to include $18 million–$23 million in incremental adjusted expenses.
• Figure expanded its share repurchase authorization to $400 million, saying purchases would begin the day after the call and that it may repurchase shares opportunistically beyond the initial program.

Figure Technology Solutions Trading Down 1.1%

NASDAQ:FIGR traded down $0.28 on Friday, hitting $25.39. The stock had a trading volume of 1,938,578 shares, compared to its average volume of 4,699,730. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 0.36 and a beta of 0.94. The company has a fifty day moving average price of $28.56 and a two-hundred day moving average price of $32.63. Figure Technology Solutions has a 1-year low of $19.54 and a 1-year high of $78.00.

Top Figure Technology Solutions Stories

Here are a few of the latest stories about FIGR:

• Positive Sentiment: FIGR earned $0.36 per share, above the $0.31 consensus estimate, while revenue rose 84% year over year to $283.35 million. Figure Technology Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Marketplace volume increased 135% to $5.8 billion, with Kiavi contributing to growth. Management highlighted plans to broaden lending distribution and pursue more capital-light growth in 2027, supporting the company’s expansion outlook. Q3 Earnings Call Highlights Marketplace Growth and Kiavi Plans
• Neutral Sentiment: Figure entered into a $465 million senior secured revolving credit facility with JPMorgan Chase, adding access to financing; the facility also entails secured borrowing. Figure Enters into $465 Million Revolving Credit Facility

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FIGR shares. Needham & Company LLC dropped their price target on Figure Technology Solutions from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Friday. Weiss Ratings downgraded Figure Technology Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, September 11th. Freedom Broker upgraded Figure Technology Solutions to a “strong-buy” rating in a research report on Thursday, October 15th. Zacks Research lowered Figure Technology Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Sanford C. Bernstein upped their target price on Figure Technology Solutions from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $51.71.

Insider Activity

In other news, CFO Minchung Kgil sold 8,000 shares of Figure Technology Solutions stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $38.69, for a total transaction of $309,520.00. Following the sale, the chief financial officer owned 483,651 shares of the company’s stock, valued at approximately $18,712,457.19. The trade was a 1.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 26.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FIGR. Integrated Wealth Concepts LLC purchased a new stake in Figure Technology Solutions in the second quarter valued at $47,000. WPG Advisers LLC grew its holdings in shares of Figure Technology Solutions by 98.5% during the 3rd quarter. WPG Advisers LLC now owns 1,640 shares of the company’s stock worth $47,000 after purchasing an additional 814 shares during the period. GAMMA Investing LLC increased its position in shares of Figure Technology Solutions by 176.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,690 shares of the company’s stock worth $49,000 after purchasing an additional 1,079 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Figure Technology Solutions during the 3rd quarter worth about $53,000. Finally, SBI Securities Co. Ltd. raised its holdings in Figure Technology Solutions by 157.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,974 shares of the company’s stock valued at $57,000 after buying an additional 1,207 shares during the period.

Figure Technology Solutions Company Profile

Figure Technology Solutions is a financial technology company that develops blockchain-based platforms for lending and capital markets. Its technology is designed to digitize and streamline financial transactions, including loan origination and the trading of financial assets. The company’s offerings include home equity financing and technology for financial institutions and other lending partners. Figure also operates digital marketplaces and provides services supporting the issuance and transfer of assets on the Provenance Blockchain.