Figure Technology Solutions (FIGR) experienced a notable surge in its stock price, rising 3.60% to $35.30, following the announcement of its preliminary fourth-quarter financial results. The company projects adjusted net revenues for Q4 between $155.5 million and $160.5 million, surpassing the consensus estimate of $154.4 million.
For the entire fiscal year of 2025, Figure expects adjusted net revenue to fall within a range of $512.5 million to $517.5 million, again exceeding analyst predictions, which stood at $508.9 million. This performance indicates a significant gain, with year-over-year revenue growth projected at around 100%.
CEO Michael Tannenbaum emphasized the key factors driving this growth. He stated, “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.” The Consumer Loan Marketplace was particularly impressive, showing a marked acceleration compared to previous periods.
Further developments within Figure”s offerings include a rise in the adoption of Figure Connect, the company”s blockchain infrastructure platform, which has seen increased activity in tokenized assets and on-chain marketplaces. To date, Figure has partnered with over 200 organizations and has originated more than $22 billion in home equity loans since its inception.
Looking ahead, the company forecasts Q4 adjusted EBITDA to be between $80 million and $83 million, while annual adjusted EBITDA for 2025 is expected to reach between $249 million and $252 million.
In addition to the revenue announcements, Figure Technology also revealed plans for a secondary public offering of up to 4.23 million shares of its Class A common stock. Following this offering, the company intends to repurchase up to $30 million worth of its Class A shares from the underwriters, with the repurchase price aligning with what the underwriters pay to selling stockholders. This buyback will be financed using existing cash reserves.
The secondary offering and buyback come on the heels of Figure”s initial public offering in 2025. The company filed a Form S-1 that includes these preliminary operating results, although final audited figures are still pending.
Tannenbaum outlined the company”s future growth strategies, which include expanding its network of partners and enhancing marketplace liquidity. Management anticipates a rising demand for blockchain-native capital markets solutions, further reinforcing Figure”s commitment to modernizing capital markets through innovative blockchain technology.
As a newly public entity, Figure has noted increased costs associated with professional services and insurance, which are typical for companies at this stage. The upcoming earnings call on February 26, 2026, will provide further insights into the finalized financial results and allow management to address investor inquiries.
Overall, the preliminary figures affirm Figure Technology”s strategic approach in leveraging blockchain technology to streamline capital market transactions, thus positioning itself favorably in a rapidly evolving financial landscape.
