Figure Technology (FIGR) Stock Surges on Preliminary Results

TLDR

• Figure Technology Solutions (FIGR) projects Q4 adjusted net revenue of $155.5M-$160.5M, topping $154.4M consensus
• Full-year 2025 revenue expected between $512.5M-$517.5M versus $508.9M analyst estimates
• Stock climbed 3.60% to $35.30 following the preliminary results announcement
• Consumer Loan Marketplace posted triple-digit year-over-year growth with expanding blockchain activity
• Company launching secondary offering of 4.23M shares while planning $30M share repurchase

Figure Technology Solutions (FIGR) stock gained 3.60% to $35.30 Friday after releasing preliminary fourth-quarter results that exceeded Wall Street forecasts.

Figure Technology Solutions, Inc. Class A Common Stock, FIGR

The blockchain-focused financial technology company projected Q4 adjusted net revenue between $155.5 million and $160.5 million. That topped consensus estimates of $154.4 million.

Full-year 2025 adjusted net revenue is expected to reach $512.5 million to $517.5 million. Analysts had predicted $508.9 million.

Triple-Digit Marketplace Growth

The Consumer Loan Marketplace showed the strongest expansion. Triple-digit percentage growth marked a major acceleration from prior periods.

Figure Connect, the company’s blockchain infrastructure platform, also saw rising uptake. Activity increased across tokenized assets and on-chain marketplaces.

Figure now works with over 200 partners. The platform has originated more than $22 billion in home equity loans since launch.

Q4 adjusted EBITDA is projected between $80.0 million and $83.0 million. Full-year 2025 adjusted EBITDA should land at $249.0 million to $252.0 million.

Secondary Offering Details

Figure announced plans for a secondary public offering. The company will offer up to 4.23 million shares of series A blockchain common stock.

Following the offering, Figure intends to repurchase up to $30 million worth of class A shares from underwriters. The repurchase price will match what underwriters pay selling stockholders.

The buyback will be funded with existing cash reserves. The transaction follows Figure’s 2025 initial public offering.

The company filed a Form S-1 containing these preliminary operating results. Final audited figures remain subject to change.

Looking Ahead

Tannenbaum outlined growth priorities for the company. Figure plans to expand its partner network and deepen marketplace liquidity.

The company will continue scaling its blockchain infrastructure. Management sees increasing demand for blockchain-native capital markets solutions.

Figure uses non-GAAP metrics including Adjusted Net Revenue and Adjusted EBITDA to track performance. Detailed reconciliations will appear in upcoming SEC filings.

The company noted higher costs related to being newly public. Professional services and insurance expenses increased as expected.

Figure will host its earnings call on February 26, 2026. Management will discuss final audited results and answer investor questions.

The preliminary figures validate Figure’s strategy to modernize capital markets through blockchain technology. The platform combines tokenization, smart contracts, and distributed ledger infrastructure to streamline transactions.

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