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

14 Aug 2026, 18:56 by Tristan Rich · The Markets Daily

Figure Technology Solutions (NASDAQ:FIGR – Get Free Report) posted its earnings results on Thursday. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11, FiscalAI reports. 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

Figure Technology Solutions stock traded down $0.59 on Friday, reaching $31.29. The company’s stock had a trading volume of 3,031,705 shares, compared to its average volume of 4,581,514. The business’s fifty day moving average price is $29.20 and its 200 day moving average price is $33.93. The company has a market cap of $5.71 billion and a price-to-earnings ratio of 54.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.90 and a current ratio of 1.90. Figure Technology Solutions has a twelve month low of $24.11 and a twelve month high of $78.00.

Key Figure Technology Solutions News

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

Positive Sentiment: Strong Q2 results: 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: Rapid marketplace growth: Consumer Loan Marketplace volume increased 132% to $4.3 billion. Figure Connect accounted for 65% of volume, supporting the company’s capital-light business model, while the addition of 102 origination partners expanded its distribution network. Figure Technology Solutions Reports Record Q2 2026 Results
Positive Sentiment: Positive outlook and analyst support: Management projected Q3 marketplace volume of $4.8 billion to $5.2 billion and said the Kiavi acquisition remains on track to close in the second half of 2026. Needham reaffirmed its “buy” rating and set a $55 price target, materially above the recent trading level. Needham Reaffirms Buy Rating and $55 Price Target
Neutral Sentiment: Improving operating efficiency: Processing and operations costs declined to approximately 67 basis points of marketplace volume from 79 basis points a year earlier. Cash and cash equivalents rose to $1.4 billion, although loans held for sale and related funding obligations also increased.
Negative Sentiment: Margin and risk concerns: The net take rate declined to 3.6% from 4.0% a year earlier, suggesting pressure on monetization. Investors also face risks tied to lending conditions, regulation of digital assets, third-party technology providers and the company’s ability to sustain profitability.
Negative Sentiment: Insider selling: Reported insider activity showed 51 open-market sales and no purchases over the past six months, which may weigh on sentiment and reinforce near-term selling pressure.

Wall Street Analysts Forecast Growth

FIGR has been the subject of a number of recent research reports. Weiss Ratings raised Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Sanford C. Bernstein upped their price target on Figure Technology Solutions from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Mizuho lifted their price objective on Figure Technology Solutions from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Keefe, Bruyette & Woods reduced their target price 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Figure Technology Solutions in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.62.

Get Our Latest Report on FIGR

Insider Activity

In other news, CFO Minchung Kgil sold 4,000 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $28.13, for a total transaction of $112,520.00. Following the sale, the chief financial officer directly owned 495,651 shares of the company’s stock, valued at $13,942,662.63. This represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $36.03, for a total value of $73,176.93. Following the completion of the transaction, the chief executive officer owned 3,193,641 shares in the company, valued at approximately $115,066,885.23. This represents a 0.06% decrease in their position. 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 sold a total of 38,019 shares of company stock valued at $1,244,676 in the last 90 days. Corporate insiders own 26.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ninepoint Partners LP bought a new stake in Figure Technology Solutions in the second quarter valued at about $746,000. Bank of New York Mellon Corp bought a new position in Figure Technology Solutions during the second quarter worth about $10,875,000. Handelsbanken Fonder AB bought a new position in Figure Technology Solutions during the second quarter worth about $1,370,000. CTC Alternative Strategies Ltd. acquired a new position in shares of Figure Technology Solutions during the 1st quarter worth about $511,000. Finally, Vestor Capital LLC increased its stake in shares of Figure Technology Solutions by 2,908.7% in the 1st quarter. Vestor Capital LLC now owns 81,234 shares of the company’s stock valued at $2,758,000 after acquiring an additional 78,534 shares during the last quarter.

About Figure Technology Solutions

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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.