Figure Technology Shares Surge 6% on Q4 Beat

Figure Technology Solutions Shares Rise on Strong Preliminary Q4 Results

• Shares of Figure Technology Solutions increased by 6% to $36.10 in early trading.
• The company projected Q4 revenue between $158 million and $162 million, surpassing the $154 million consensus estimate.
• Adjusted EBITDA is expected to range from $80 million to $83 million, aligning with forecasts.
• Consumer loan originations surged 131% year-over-year, driven by its core onchain credit platform.
• A secondary share offering allows existing shareholders to sell up to 4.23 million shares, with plans for a $30 million stock repurchase.

Figure Technology Solutions reported preliminary fourth-quarter results exceeding analyst expectations, leading to a 6% rise in share price. The company’s strong performance was highlighted by significant growth in consumer loan originations and a revenue forecast above estimates.