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

Figure Technology Solutions, Inc., founded in 2018 and based in Reno, Nevada, is a financial technology company that provides blockchain-based products and solutions in the United States. The company offers a suite of blockchain-based tools for marketplaces covering consumer credit and digital assets, including lending, trading, and investing activities. Its offerings include a technology-enabled loan origination system linked with a distribution marketplace, as well as Figure Connect, which connects users to capital markets partners. Additionally, the company is developing an exchange for digital assets and credit that provides interest-bearing stablecoin deposits.

Annual revenue rose from $166.9M in FY2023 to $279.3M in FY2024 and reached $457.2M in FY2025, reflecting a 2-year revenue CAGR of 65.5%. Profitability shifted from a net loss of -$47.9M in FY2023 to positive net income of $17.2M in FY2024 and $133.9M in FY2025, lifting net margin to 29.3%. In FY2025, operating margin was 36.3% and EPS reached $0.90. For the latest quarter ended June 30, 2026, quarterly revenue grew 120.8% year-over-year, while quarterly earnings expanded by 337.5%. Trailing twelve month revenue stands at $619.1M with a 35.5% operating margin.

As of June 30, 2026, Figure Technology Solutions held $1.44B in cash and short-term investments alongside total debt of $1.47B, yielding net debt of $36.9M. Total assets were $3.02B against shareholders' equity of $1.41B, resulting in a debt-to-equity ratio of 1.04 and a current ratio of 2.07. After posting negative free cash flow of -$46.1M in FY2023 and -$152.6M in FY2024, the company generated $62.6M in operating cash flow and $41.9M in free cash flow in FY2025, while capital expenditures totaled $20.6M.

At $27.13, FIGR has a market capitalization of $6.09B and an enterprise value of $7.81B. The stock trades at a trailing P/E of 31.5x, EV/EBITDA of 27.9x, and price-to-sales of 9.8x. These multiples compare to the median of its US-listed Financial Services peers, which trade at a trailing P/E of 12.1x, EV/EBITDA of 11.7x, and price-to-sales of 3.2x. Over the past year, FIGR dropped 32.9% and sits 24.1% below its 200-day average, while the S&P 500 (SPY) returned 16.8%.

Wall Street coverage includes 4 Strong Buy, 3 Buy, and 1 Hold ratings, with zero Sell or Strong Sell recommendations. The mean price target is $51.56, representing a 90.0% premium over the last close of $27.13. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $904.1M and an EPS of $1.45, reflecting an EPS growth estimate of -1.4%. Over the last four quarters, the company delivered 2 EPS beats. The next earnings date is November 12, 2026.

This page is an AI-written research summary of Figure Technology Solutions, Inc. (FIGR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: FIGR income statement, FIGR balance sheet, FIGR key metrics, FIGR analyst forecast, FIGR chart. See the FIGR stock overview for the latest quote and news.