TLDR
- Figure Technology Solutions (FIGR) estimates Q4 adjusted net revenue between $155.5M-$160.5M, beating consensus of $154.4M
- Full-year 2025 adjusted net revenue expected at $512.5M-$517.5M, above $508.9M consensus estimate
- Shares jumped 3.60% to $35.30 on the preliminary results announcement
- Company saw triple-digit year-over-year growth in Consumer Loan Marketplace volume and increased Figure Connect adoption
- Figure announced secondary offering of up to 4.23M shares with plans to repurchase up to $30M worth at offering price
Figure Technology Solutions (FIGR) stock rose 3.60% to $35.30 during late morning trading Friday after the company released preliminary fourth-quarter and full-year 2025 results that topped Wall Street expectations.
Figure Technology Solutions, Inc. Class A Common Stock, FIGR
The blockchain-native capital marketplace reported Q4 adjusted net revenue between $155.5 million and $160.5 million. That beat the consensus estimate of $154.4 million.
Full-year 2025 adjusted net revenue came in at $512.5 million to $517.5 million. Analysts had expected $508.9 million.
CEO Michael Tannenbaum pointed to several growth drivers. “We achieved triple-digit year-over-year growth in Consumer Loan Marketplace volume, increased adoption of Figure Connect, and saw expanding activity within our blockchain ecosystem,” he said.
The results validate Figure’s push to modernize capital markets through blockchain technology. The company now supports more than 200 partners and has originated over $22 billion in home equity loans.
Strong Profitability Metrics
Figure expects Q4 adjusted EBITDA between $80.0 million and $83.0 million. For the full year, adjusted EBITDA should land between $249.0 million and $252.0 million.
The company saw rising adoption of Figure Connect, its blockchain infrastructure platform. Activity also picked up across its blockchain ecosystem, including tokenized assets and on-chain marketplaces.
Tannenbaum emphasized plans to expand the partner network and deepen marketplace liquidity. Figure aims to further scale its blockchain infrastructure as demand grows.
The preliminary figures remain unaudited and subject to change. Figure will hold its earnings call on February 26, 2026 to discuss final results.
Secondary Offering and Buyback Program
Figure announced a secondary public offering of up to 4.23 million shares of series A blockchain common stock. The company plans to repurchase shares from underwriters at an aggregate amount up to $30 million.
The share repurchase price will equal what underwriters pay to selling stockholders. Figure will fund the buyback using cash on hand.
The move follows Figure’s 2025 IPO. The company filed a Form S-1 containing the preliminary operating results.
Management noted higher professional services and insurance costs tied to being a newly public company. Figure uses non-GAAP metrics like Adjusted Net Revenue and Adjusted EBITDA to evaluate operating performance.
The company cautioned that risk factors and detailed reconciliations will be discussed in the upcoming earnings call and SEC filings. Triple-digit marketplace growth and expanding blockchain adoption drove the quarter’s performance.
Figure’s blockchain infrastructure already processes transactions for hundreds of partners across multiple asset classes. The consumer loan marketplace saw the strongest growth on a percentage basis compared to the prior year.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
