TLDR
- Figure Technology Solutions (FIGR) forecasts Q4 adjusted net revenue at $155.5M-$160.5M, beating $154.4M consensus estimate
- Full-year 2025 revenue guidance of $512.5M-$517.5M surpasses analyst expectations of $508.9M
- Shares rose 3.60% to $35.30 on Friday following preliminary results release
- Consumer Loan Marketplace volume surged triple-digits year-over-year with growing Figure Connect adoption
- Secondary offering of 4.23M shares planned alongside $30M stock buyback program
Figure Technology Solutions (FIGR) stock advanced 3.60% to $35.30 Friday after the company released preliminary fourth-quarter and full-year 2025 results that beat analyst expectations.
Figure Technology Solutions, Inc. Class A Common Stock, FIGR
The blockchain capital markets platform expects Q4 adjusted net revenue between $155.5 million and $160.5 million. Wall Street consensus stood at $154.4 million.
Full-year 2025 adjusted net revenue should land between $512.5 million and $517.5 million. That exceeds the $508.9 million analyst estimate.
CEO Michael Tannenbaum attributed the performance to multiple growth engines. The Consumer Loan Marketplace posted triple-digit year-over-year volume growth.
Figure Connect, the company’s blockchain infrastructure offering, saw increased adoption. Blockchain ecosystem activity expanded across tokenized assets and on-chain marketplaces.
Profitability Metrics Beat Targets
Figure projects Q4 adjusted EBITDA between $80.0 million and $83.0 million. The full-year 2025 adjusted EBITDA range sits at $249.0 million to $252.0 million.
The company supports over 200 partners through its platform. Figure has originated more than $22 billion in home equity loans since inception.
Tannenbaum outlined strategic priorities going forward. Figure will expand its partner network and deepen marketplace liquidity.
The company plans to scale its blockchain infrastructure further. Management sees growing demand for blockchain-native capital markets solutions.
These preliminary results remain unaudited and could change. Figure schedules its official earnings call for February 26, 2026.
Capital Allocation Plans
Figure announced a secondary public offering of up to 4.23 million shares of series A blockchain common stock. Selling stockholders will offer the shares.
The company plans to repurchase up to $30 million worth of class A shares from underwriters following the offering. The repurchase price will equal the amount underwriters pay selling stockholders.
Figure will use cash on hand to fund the buyback. The move comes after the company’s 2025 initial public offering.
The company filed a Form S-1 containing preliminary operating results. Detailed reconciliations and risk factors will appear in SEC filings and the earnings call.
Figure noted increased costs associated with being a public company. Professional services and insurance expenses rose as expected for newly listed firms.
The company uses non-GAAP metrics like Adjusted Net Revenue and Adjusted EBITDA to evaluate operating performance. Management believes these metrics better reflect underlying business trends.
Figure’s blockchain infrastructure processes transactions across multiple asset classes. The platform combines tokenization technology with traditional capital markets infrastructure.
The Consumer Loan Marketplace demonstrated the strongest growth rate. Triple-digit expansion marked a major acceleration from previous periods.
Figure Connect adoption increased among financial institutions and partners. The blockchain platform enables faster settlement and reduced costs for transactions.
