{"id":45234,"date":"2025-11-15T11:35:00","date_gmt":"2025-11-15T11:35:00","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/11\/15\/figure-technology-surge-24-after-strong-q3\/"},"modified":"2025-11-15T11:35:00","modified_gmt":"2025-11-15T11:35:00","slug":"figure-technology-surge-24-after-strong-q3","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/11\/15\/figure-technology-surge-24-after-strong-q3\/","title":{"rendered":"Figure Technology surge 24% after strong Q3"},"content":{"rendered":"
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Figure Technology Solutions posted a standout third quarter, sending its shares up 24% to $42.76 on Friday after the company delivered results far ahead of Wall Street expectations. <\/p>\n

The newly public fintech, which completed its IPO in September, reported sharp year-over-year gains across revenue, earnings, and loan originations, driven primarily by accelerating adoption of its blockchain-based lending infrastructure.<\/p>\n

Revenue and earnings far exceed expectations<\/h2>\n

The company reported quarterly earnings of $89.8 million, or 34 cents per share, more than triple the $27.4 million, or 9 cents, recorded in the same period last year. <\/p>\n

Analysts surveyed by FactSet had expected earnings of just 15 cents per share.<\/p>\n

Revenue came in at $156.4 million, up from $101 million a year ago and well above consensus estimates of $119.4 million. <\/p>\n

Bernstein analysts described the results as a \u201cmassive beat,\u201d noting that adjusted revenue of roughly $156 million was 30% ahead of expectations. <\/p>\n

Adjusted EBITDA reached about $86 million, 60% above forecasts of roughly $54 million, with margins expanding to almost 55%.<\/p>\n

The performance underscores Figure\u2019s rapid scale-up in the months following its Nasdaq debut. <\/p>\n

Founded by SoFi co-founder Mike Cagney, the company has grown into the largest independent non-bank originator of home-equity lines of credit (HELOCs) in the United States.<\/p>\n

Tokenized loan growth powers core marketplace<\/h2>\n

Loan originations climbed to $2.5 billion in the third quarter, up roughly 34% from the previous quarter and about 70% higher year over year. <\/p>\n

Figure\u2019s core HELOC offerings accounted for roughly $2.4 billion of volume, significantly outpacing the broader HELOC market, which grew around 4% over the same period.<\/p>\n

A key driver of this growth is the company\u2019s blockchain-based partner ecosystem. <\/p>\n

Partner-originated and tokenized loans made up approximately $1.9 billion of total volume, or 76% of all originations. <\/p>\n

The company\u2019s Figure Connect marketplace, its primary tokenized origination channel, contributed about $1.1 billion \u2014 up 48% quarter over quarter \u2014 and accounted for nearly half of all loan activity.<\/p>\n

New product categories also gained traction, generating more than $80 million in volume. <\/p>\n

These include crypto-backed loans, small and medium-business loans, and debt service coverage ratio loans, reflecting early diversification outside Figure\u2019s HELOC roots.<\/p>\n

As tokenized partner channels expand, profitability has followed. <\/p>\n

Partner-branded and intermediated loans delivered take rates of around 4.2%, up 36 basis points from the prior quarter, while take rates on Figure-branded loans rose to roughly 7.1%.<\/p>\n

Expanding ecosystem strengthens long-term outlook<\/h2>\n

Figure also reported expanding adoption across its broader ecosystem. <\/p>\n

Active partners on its platforms increased from about 170 to roughly 246 during the quarter, while marketplace participants on Connect rose from 27 to 33. <\/p>\n

This growing network positioned the company as what Bernstein analysts called the \u201ccategory leading tokenization platform for credit.\u201d<\/p>\n

The analysts reaffirmed their outperform rating and $54 price target on the stock, implying roughly 56% upside from Thursday\u2019s close. <\/p>\n

They pointed to structural growth in tokenized loan origination \u2014 particularly through Connect \u2014 as central to their long-term investment thesis.<\/p>\n

Still, they cautioned that macroeconomic conditions, including potential rapid interest-rate declines and a slowdown in private-credit markets, could influence performance. <\/p>\n

And while Figure\u2019s DeFi initiatives, including its expanding YLDS stablecoin supply, show \u201cpromising progress,\u201d they have yet to materially contribute to revenue.<\/p>\n

With strong execution, rising partner demand, and expanding blockchain-based lending infrastructure, Figure Technology Solutions remains well-positioned as it builds on its breakout third-quarter performance.<\/p>\n

The post Figure Technology surge 24% after strong Q3<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Figure Technology Solutions posted a standout third quarter, sending its shares up 24% to $42.76 on Friday after the company delivered results far ahead of Wall Street expectations. The newly public fintech, which completed its IPO in September, reported sharp year-over-year gains across revenue, earnings, and loan originations, driven primarily by accelerating adoption of its <\/p>\n","protected":false},"author":1,"featured_media":45235,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-45234","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/45234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=45234"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/45234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/45235"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=45234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=45234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=45234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}