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

Figure Technology Solutions (NASDAQ:FIGR) issued its quarterly earnings data on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11, FiscalAI reports. Figure Technology Solutions had a return on equity of 19.58% and a net margin of 33.45%.The business 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 Price Performance

FIGR stock traded down $0.45 during trading hours on Friday, hitting $31.43. 4,699,915 shares of the stock traded hands, compared to its average volume of 3,563,738. The stock has a 50-day simple moving average of $29.26 and a 200 day simple moving average of $33.91. The company has a market cap of $5.74 billion and a P/E ratio of 33.80. Figure Technology Solutions has a one year low of $24.11 and a one year high of $78.00. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.20.

More Figure Technology Solutions News

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

• Positive Sentiment: Strong Q2 earnings: Figure reported diluted EPS of $0.35, exceeding the $0.24 consensus estimate, while net revenue reached $225.6 million, up 113% year over year. Net income surged 192% to $87.4 million, and adjusted EBITDA rose 126% to $119.4 million. Figure Technology Solutions Reports Strong Second Quarter 2026 Results
• Positive Sentiment: Marketplace growth and upbeat outlook: Consumer Loan Marketplace volume increased 132% to $4.3 billion, with Figure Connect accounting for 65% of volume. Management projects third-quarter volume of $4.8 billion to $5.2 billion and said the pending Kiavi acquisition remains on track to close in the second half of 2026. Figure Projects Q3 Consumer Loan Marketplace Volume
• Positive Sentiment: Analyst support: Needham reaffirmed its “buy” rating and assigned a $55 price target, implying substantial upside from recent trading levels. Needham Reaffirms Buy Rating on Figure Technology Solutions
• Neutral Sentiment: Figure’s net take rate declined to 3.6% from 4.0% a year earlier, suggesting that competitive pricing or business mix may be tempering monetization even as transaction volume expands.
• Negative Sentiment: Insider selling: CFO Minchung Kgil sold 4,000 shares for approximately $120,120 under a pre-arranged Rule 10b5-1 plan. The relatively small transaction followed a broader pattern of insider sales and no reported purchases, which may weigh on sentiment. SEC Insider Transaction Filing
• Negative Sentiment: The stock remains valued at a relatively high earnings multiple, while Figure continues to identify risks involving lending conditions, regulation, technology, third-party providers and the successful completion of the Kiavi acquisition.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FIGR. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 target price on shares of Figure Technology Solutions in a research note on Friday. Wall Street Zen raised Figure Technology Solutions from a “sell” rating to a “hold” rating in a report on Saturday. Keefe, Bruyette & Woods cut their price objective on shares of Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Weiss Ratings raised shares of Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Finally, Piper Sandler decreased their target price on shares of Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.62.

Insider Activity

In other news, CFO Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $30.03, for a total value of $120,120.00. Following the transaction, the chief financial officer owned 491,651 shares of the company’s stock, valued at $14,764,279.53. The trade was a 0.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Benjamin Tannenbaum sold 2,031 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $36.03, for a total transaction of $73,176.93. Following the completion of the sale, the chief executive officer owned 3,193,641 shares in the company, valued at $115,066,885.23. The trade was a 0.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 42,019 shares of company stock worth $1,364,796. 26.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new stake in shares of Figure Technology Solutions during the 4th quarter valued at $25,000. WPG Advisers LLC grew its holdings 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 last quarter. Strs Ohio acquired a new position in shares of Figure Technology Solutions in the 4th quarter worth $34,000. MetLife Investment Management LLC acquired a new stake in shares of Figure Technology Solutions during the fourth quarter worth $35,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Figure Technology Solutions during the fourth quarter valued at $41,000.

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.