Figure Technology Solutions (NASDAQ:FIGR) Issues Quarterly Earnings Results, Beats Expectations By $0.11 EPS

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

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 Down 2.1%

FIGR opened at $27.35 on Wednesday. The business has a 50 day moving average of $32.87 and a 200-day moving average of $32.75. The stock has a market capitalization of $5.08 billion and a price-to-earnings ratio of 29.41. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.22. Figure Technology Solutions has a 1-year low of $24.11 and a 1-year high of $78.00.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FIGR. Weiss Ratings cut shares of Figure Technology Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, September 11th. Zacks Research upgraded shares of Figure Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Bank of America reiterated a “neutral” rating and issued a $44.00 target price on shares of Figure Technology Solutions in a report on Monday. Needham & Company LLC restated a “buy” rating and set a $55.00 price target on shares of Figure Technology Solutions in a report on Thursday, August 20th. Finally, Keefe, Bruyette & Woods lowered their price target on Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.00.

Insiders Place Their Bets

In other Figure Technology Solutions news, insider David Stevens sold 47,650 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $31.38, for a total value of $1,495,257.00. Following the completion of the sale, the insider directly owned 376,599 shares of the company’s stock, valued at $11,817,676.62. This represents a 11.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Minchung Kgil sold 8,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $38.69, for a total transaction of $309,520.00. Following the completion of the sale, the chief financial officer owned 483,651 shares in the company, valued at $18,712,457.19. This represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 63,650 shares of company stock worth $2,037,417 in the last ninety days. 26.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Figure Technology Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WPG Advisers LLC lifted its position in shares of Figure Technology Solutions by 71.1% in the 1st quarter. WPG Advisers LLC now owns 934 shares of the company’s stock worth $32,000 after acquiring an additional 388 shares during the period. Strs Ohio bought a new position in Figure Technology Solutions in the fourth quarter worth $34,000. Integrated Wealth Concepts LLC bought a new position in Figure Technology Solutions in the second quarter worth $47,000. NBC Securities Inc. acquired a new stake in Figure Technology Solutions during the fourth quarter worth $92,000. Finally, State of Wyoming boosted its stake in Figure Technology Solutions by 14.8% during the first quarter. State of Wyoming now owns 3,864 shares of the company’s stock worth $131,000 after buying an additional 498 shares in the last quarter.

Figure Technology Solutions Company Profile

Figure Technology Solutions, Inc is a financial technology company that develops blockchain- and artificial intelligence-enabled solutions for lending and financial services. The company’s technology is designed to support the origination, servicing, financing and trading of financial assets through more efficient digital processes.

Figure’s business activities have included home equity lending, personal lending, mortgage-related services and financial asset marketplaces. Its platform has also been used to facilitate the issuance and transfer of loans and other financial products, with blockchain technology intended to improve transparency, settlement and recordkeeping.

The company was founded by Mike Cagney, who previously co-founded Social Finance, Inc (SoFi), and Figure has operated primarily in the United States.