Figure Technology Solutions (NASDAQ:FIGR) Announces Earnings Results, Beats Estimates By $0.11 EPS

Figure Technology Solutions (NASDAQ:FIGR) released its earnings results on Thursday, August 13th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11, FiscalAI reports. The firm had revenue of $218.45 million during the quarter. Figure Technology Solutions had a return on equity of 18.90% and a net margin of 33.45%.

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

• Positive Sentiment: Figure reported record consumer loan marketplace volume of $4.3 billion, up 132% year over year and 4% above the high end of guidance. Q3 guidance calls for $4.8 billion–$5.2 billion, supported by $1.7 billion of July volume and continued partner ramp-up.
• Positive Sentiment: Figure Connect reached 65% of marketplace volume, up from 56% last quarter and 42% a year ago, with management now expecting the mix to approach 70% in the medium term. The capital-light mix shift is supporting strong profitability and could help drive adjusted EBITDA margins toward the company’s 60% target.
• Positive Sentiment: Financial performance strengthened, with adjusted net revenue up 95% to $218 million, adjusted EBITDA up 126% to $119 million, and a 55% adjusted EBITDA margin. Management also cited operating leverage, disciplined underwriting, low delinquencies, and tighter securitization spreads.
• Negative Sentiment: Take rate was 3.6% and management expects it to remain near the low end of the 3.5%–4% range in Q3. The pressure reflects the increasing mix of lower-priced Figure Connect volume, volume-based partner pricing tiers, first-lien growth, and interest-rate-related volatility in gain-on-sale revenue.
• Positive Sentiment: The Kiavi acquisition remains on track to close in the second half of 2026 after receiving key regulatory approvals, with financing secured through a $600 million senior notes offering. Management expects Kiavi to add roughly 40% to volume and $100 million of EBITDA, while expanding Figure into residential transition loans and DSCR products.

Figure Technology Solutions Stock Up 1.8%

Figure Technology Solutions stock opened at $36.69 on Tuesday. The company has a market capitalization of $6.81 billion and a P/E ratio of 39.45. Figure Technology Solutions has a fifty-two week low of $24.11 and a fifty-two week high of $78.00. The stock has a 50-day simple moving average of $31.23 and a 200-day simple moving average of $32.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity

In other Figure Technology Solutions news, insider David Todd Stevens sold 47,650 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $31.38, for a total transaction of $1,495,257.00. Following the sale, the insider directly owned 376,599 shares in the company, valued at approximately $11,817,676.62. The trade was a 11.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Minchung Kgil sold 8,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $38.69, for a total transaction of $309,520.00. Following the sale, the chief financial officer directly owned 483,651 shares in the company, valued at approximately $18,712,457.19. This represents a 1.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 80,767 shares of company stock valued at $2,542,154 in the last quarter. Insiders own 26.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in Figure Technology Solutions during the 4th quarter valued at about $25,000. Strs Ohio acquired a new stake in shares of Figure Technology Solutions in the fourth quarter valued at approximately $34,000. MetLife Investment Management LLC purchased a new position in shares of Figure Technology Solutions during the 4th quarter worth approximately $35,000. WPG Advisers LLC raised its position in shares of Figure Technology Solutions by 71.1% during the 1st quarter. WPG Advisers LLC now owns 934 shares of the company’s stock worth $32,000 after purchasing an additional 388 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Figure Technology Solutions in the 4th quarter valued at approximately $41,000.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Piper Sandler decreased their price target on shares of Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Weiss Ratings raised shares of Figure Technology Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Wall Street Zen raised Figure Technology Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Zacks Research raised Figure Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Finally, Keefe, Bruyette & Woods lowered their price objective on Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.62.

About Figure Technology Solutions

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.