Figure Technology Solutions, Inc. Class A (FIGR) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 2.00M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.34
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 530
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): N/A
• Shares Outstanding: 176,100,510
• 10 Day Avg. Volume: 2,658,996
• 30 Day Avg. Volume: 1,998,323
• PEG Ratio: -2.77
• Price to Book (P/B): 18.27
• Price to Sales (P/S): 23.23
• P/FCF Ratio: -42.50
• Enterprise Value/Market Cap: 10.00T>
• Enterprise Value/Revenue: 23.76
• Enterprise Value/Gross Profit: 24.82
• Enterprise Value/Ebitda: 48.04
• 1Y Price Target: $49.56
• Price Target Upside: 41.28% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 0.65
• Revenue Forecast (FY): $480.95M

• Rating: 65 Neutral
• Price Target: $45.00 ▲(28.28% Upside)

Figure Technology Solutions, Inc. Class A demonstrates strong financial performance and innovative growth strategies, particularly in blockchain solutions. However, high leverage and negative cash flows pose risks. The technical indicators suggest moderate momentum, and the lack of valuation metrics limits a comprehensive assessment.

Positive Factors

Innovative Blockchain Solutions

The introduction of blockchain-based solutions, including crypto-backed loans, positions the company as a leader in blockchain applications, enhancing its competitive edge and long-term growth potential.

Revenue Growth

Significant growth in consumer loan volumes indicates strong demand for the company's services, supporting sustained revenue growth and market expansion.

Partner Network Expansion

The expansion of the partner network enhances distribution channels and market reach, fostering long-term business growth and strategic partnerships.

Negative Factors

High Leverage

Significant leverage could pose financial risks, potentially impacting the company's ability to invest in growth initiatives and manage economic downturns.

Negative Cash Flows

Negative cash flows highlight liquidity challenges, which may hinder the company's ability to fund operations and invest in future growth without external financing.

Low EBIT Margin

A low EBIT margin suggests inefficiencies in operational management, which could limit profitability and reduce competitive advantage over time.

Figure Technology Solutions, Inc. Class A Business Overview & Revenue Model

Company Description

Figure Technology Solutions, Inc. Class A (FIGR) is a financial technology company that specializes in providing innovative solutions for the financial services sector, particularly focusing on blockchain technology and its applications in lending and asset management. The company develops proprietary software and platforms that streamline financial transactions, improve operational efficiencies, and enhance security for various stakeholders in the industry, including banks, credit unions, and retail investors.

How the Company Makes Money

Figure Technology Solutions generates revenue through multiple streams, primarily by offering software-as-a-service (SaaS) solutions to financial institutions, which includes licensing fees for its platforms and ongoing maintenance and support services. Additionally, the company earns revenue from transaction fees on financial services facilitated through its technology, such as loans and asset sales. Significant partnerships with established financial institutions and technology providers also enhance its earnings potential by expanding its service offerings and reach within the market.

Figure Technology Solutions, Inc. Class A Financial Statement Overview

Summary

Figure Technology Solutions, Inc. Class A shows a positive trajectory in revenue and profitability with strong gross profit margins and improved net profit margins. However, high leverage and negative cash flows present potential risks.

Income Statement

Figure Technology Solutions, Inc. Class A has shown a significant improvement in its income statement metrics over the past year. The gross profit margin is strong at 92.28%, indicating efficient cost management. The net profit margin has turned positive to 6.16% from a negative margin last year, reflecting a turnaround in profitability. Revenue growth is notable, with a substantial increase from the previous year. However, the EBIT margin is relatively low at 2.81%, suggesting room for improvement in operational efficiency.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio of 1.94, indicating significant leverage, which could pose financial risks if not managed carefully. Return on equity has improved to 4.85%, showing better utilization of shareholder funds. The equity ratio is not explicitly calculated, but the company's equity position has strengthened, suggesting a more stable financial structure.

Cash Flow

Cash flow metrics indicate challenges, with negative operating and free cash flows. The operating cash flow to net income ratio is negative, highlighting cash flow issues despite reported profits. The free cash flow to net income ratio is above 1, suggesting that free cash flow is more than net income, but the negative values indicate a need for better cash management.

Breakdown	TTM	Dec 2024	Dec 2023
Income Statement
Total Revenue	306.86M	279.31M	166.89M
Gross Profit	293.80M	257.74M	148.17M
EBITDA	151.78M	95.62M	16.24M
Net Income	118.70M	17.21M	-47.94M
Balance Sheet
Total Assets	2.16B	1.16B	660.07M
Cash, Cash Equivalents and Short-Term Investments	1.10B	365.12M	122.41M
Total Debt	807.52M	688.59M	414.99M
Total Liabilities	980.23M	796.20M	437.64M
Stockholders Equity	1.17B	355.10M	217.07M
Cash Flow
Free Cash Flow	-1.82B	-152.64M	-46.13M
Operating Cash Flow	-1.81B	-136.01M	-28.87M
Investing Cash Flow	1.87B	-30.86M	-22.11M
Financing Cash Flow	788.31M	336.12M	65.79M

Figure Technology Solutions, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FIGR	65 Neutral	―	―	―	―	―	―
BTBT	63 Neutral	$770.35M	6.13	22.44%	―	9.52%	496.04%
CIFR	56 Neutral	$7.78B	―	-9.69%	―	35.41%	-38.08%
BTCS	47 Neutral	$138.64M	4.24	43.45%	1.69%	482.50%	82.04%
ABTC	38 Underperform	$2.03B	-2.92	-2.75%	―	―	―
MIGI	37 Underperform	$5.40M	―	―	―	-11.39%	79.96%

Figure Technology Solutions, Inc. Class A Corporate Events

Figure Technology Solutions Reports Strong Q3 2025 Results

Figure Technology Solutions, Inc., a blockchain-native capital marketplace, specializes in the origination, funding, sale, and trading of tokenized assets, positioning itself as a leader in the fintech sector. The company recently reported its third-quarter 2025 earnings, marking its first quarter as a public entity following a successful initial public offering. The results highlight significant growth in earnings and operational metrics, driven by its innovative marketplace approach.

Figure Technology Solutions Completes Successful IPO

On September 12, 2025, Figure Technology Solutions, Inc. successfully completed its initial public offering (IPO) of 36,225,000 shares of Class A Common Stock at $25.00 per share, raising $705.8 million in gross proceeds. This strategic move marks a significant milestone for the company, enhancing its market presence and providing capital for future growth, although the company did not receive proceeds from shares sold by existing stockholders.