Figure Technology Solutions (NASDAQ:FIGR) Announces Earnings Results

Figure Technology Solutions (NASDAQ:FIGR) issued its earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07), Zacks reports. The firm had revenue of $157.63 million during the quarter, compared to analyst estimates of $158.00 million. The company’s revenue for the quarter was up 90.7% on a year-over-year basis.

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

• Figure reported strong scale and profitability with $2.7B consumer-loan marketplace volume (+131% YoY), $158M adjusted net revenue (+106% YoY), and $81.3M adjusted EBITDA (51.6% margin).
• More than 54% of consumer loan volume flowed through Figure Connect for the first time, shifting the business toward a capital‑light model; management expects net take rates of ~3.5%–4% while targeting durable margins via scale and an ~80% contribution margin.
• Management is broadening product supply via partnerships — notably an Agora deal to onboard auto loans and a strategic Newtek SMB distribution agreement — while first‑lien originations rose to 19% and the company says its yield‑bearing stablecoin YLDS adoption is accelerating (management cited circulation approaching ~$0.5B).
• Figure launched OPEN, an exchange‑listed blockchain‑native share class with on‑chain registry, 24/7 ATS and atomic settlement, positioning the firm to capture new equity financing and DeFi financing use cases.
• A phishing incident exposed loan inquiry records and personal data (including Social Security numbers) for roughly 12,400 individuals; company says blockchain systems were not affected and no material financial impact is expected, but the event presents reputational and operational risk.

Figure Technology Solutions Stock Down 25.7%

Shares of FIGR traded down $8.76 during mid-day trading on Friday, reaching $25.28. The company’s stock had a trading volume of 13,522,829 shares, compared to its average volume of 4,752,475. Figure Technology Solutions has a 1 year low of $25.09 and a 1 year high of $78.00. The company has a market cap of $4.45 billion and a P/E ratio of 74.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.26. The company has a fifty day moving average price of $48.01.

Insiders Place Their Bets

In related news, Director Michael Scott Cagney sold 200,058 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $39.40, for a total value of $7,882,285.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Todd Stevens sold 40,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $35.22, for a total transaction of $1,408,800.00. Following the transaction, the insider directly owned 489,000 shares of the company’s stock, valued at $17,222,580. This represents a 7.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 749,193 shares of company stock valued at $27,947,547 in the last three months.

Institutional Investors Weigh In On Figure Technology Solutions

Large investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Figure Technology Solutions in the 3rd quarter valued at about $898,000. Family Management Corp bought a new stake in shares of Figure Technology Solutions during the third quarter valued at approximately $214,000. Commonwealth Equity Services LLC acquired a new position in shares of Figure Technology Solutions during the fourth quarter valued at about $210,000. Cohen & Steers Inc. purchased a new stake in shares of Figure Technology Solutions in the fourth quarter worth approximately $204,000. Finally, PNC Financial Services Group Inc. lifted its stake in Figure Technology Solutions by 69.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,379 shares of the company’s stock valued at $138,000 after acquiring an additional 1,379 shares in the last quarter.

Figure Technology Solutions declared that its board has authorized a stock repurchase program on Thursday, February 26th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Figure Technology Solutions News Summary

Here are the key news stories impacting Figure Technology Solutions this week:

• Positive Sentiment: Strategic entry into auto lending — Figure announced a partnership with Agora Data to bring AI‑driven auto finance assets onto Figure Connect and to launch a blockchain-based auto‑loan platform, expanding the company beyond housing finance into a large new addressable market. Agora Data and Figure Technologies Announce Partnership
• Positive Sentiment: $200M share repurchase program — Figure authorized a $200 million buyback alongside its Q4 results, which is typically supportive of the stock by reducing float and signaling management confidence. Q4 Results & Repurchase Program
• Positive Sentiment: Blockchain innovation milestone — Figure and BitGo completed what they call the first fully on‑chain equity trade (issuing, trading and settling shares on‑chain), underscoring Figure’s technology differentiation that supporters argue can create new revenue streams. On‑Chain Equity Trade with BitGo
• Positive Sentiment: Capital‑light growth / unit economics guidance — Management outlined a capital‑light strategy with an expected net take rate of ~3.5%–4%, which, if achieved, supports scalable revenue and margin story. Capital‑Light Growth Strategy
• Positive Sentiment: Unusual bullish options activity — Reports show heavy call buying volume, which can reflect short‑term bullish positioning by traders and may amplify intraday moves. High Volume of Call Options
• Neutral Sentiment: Analyst bullish views remain despite cuts — Some independent writeups (e.g., Seeking Alpha) reiterate buy ratings focused on expanding loan types and blockchain moat; these are opinion pieces that may influence investor sentiment but are not formal coverage changes. Seeking Alpha Buy Thesis
• Negative Sentiment: Analyst price‑target reductions — Keefe, Bruyette & Woods and Needham lowered targets to $55 (from $62 and $71 respectively) today; both maintained buy/outperform ratings, but the cuts signal reduced near‑term upside expectations and likely pressured the stock. Benzinga: Analyst Price Target Changes
• Negative Sentiment: Q4 EPS miss — Figure reported $0.06 EPS vs. $0.13 consensus (miss) and revenue $157.6M vs. $158M estimate. Revenue grew ~90.7% y/y (positive for growth story), but the EPS shortfall is a clear near‑term catalyst for selling pressure. Q4 Earnings Snapshot

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Bank of America cut Figure Technology Solutions from a “neutral” rating to an “underperform” rating and set a $42.00 price target for the company. in a research report on Tuesday, February 3rd. Keefe, Bruyette & Woods raised Figure Technology Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Mizuho increased their price objective on shares of Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Weiss Ratings lowered Figure Technology Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group lifted their target price on Figure Technology Solutions from $51.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.50.

Figure Technology Solutions Company Profile

Figure is building the future of capital markets using blockchain-based technology. Figure’s proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity. Using our technology, we continue to develop dynamic, vertically-integrated marketplaces across the approximately $2 trillion consumer credit market and the rapidly growing approximately $4 trillion cryptocurrency and digital asset market.