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Fintech lender that originates home-equity loans (HELOCs) and consumer credit using its own blockchain-based platform.
Fintech lender that originates home-equity loans (HELOCs) and consumer credit using its own blockchain-based platform.
Originates HELOCs, lines of credit secured against a home, then sells most to investors, so it earns fees and a margin when loans are made and sold on, with servicing income after, rather than interest over the loan's life. A blockchain records loan ownership to speed trading. It listed in 2025.
Moat: narrow (IP / patents, process know-how, data). Proprietary blockchain origination/servicing platform speeds funding versus traditional HELOC lenders.
Headquarters: San Francisco, California, US · Founded: 2018 · Employees: 602
Size Figure Technology Solutions (FIGR) is a United States Financials company (Finance/Rental/Leasing) with a market value of $5.10B, the 1171st largest of 3,117 United States companies the cockpit tracks. Shares closed at $22.73 on 6 Nov 2026.
Performance Over six months the shares fell 39.6%, against -5.2% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 65.9% over the last twelve months (peer median +8.9%); the operating margin is 42.1% (peer median 32.9%).
Valuation It trades at 3.58× book value against a peer median of 2.01× (3rd most expensive of 20).
Price implies The share price implies a return on equity of about 26.5%; Figure Technology Solutions delivers 26.2%, so the price asks more than the business earns today.
Credit Figure Technology Solutions has 1 bond outstanding ($600M), rated B+ by the agencies and trading like B- at a weighted spread of 454 bp.
Short interest Short interest is 11.5% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | $609M | $457M | $276M | $183M |
| Revenue growth | — | +66% | +50% | — |
| Gross profit | $503M | $376M | $214M | $126M |
| EBITDA | $274M | $182M | $106M | $20.6M |
| Net income | $237M | $134M | $17.2M | -$47.9M |
| Free cash flow | -$8.67B | -$6.56B | -$4.79B | -$3.29B |
| Capital expenditure | $23.5M | $20.6M | $16.6M | $17.3M |
| Total debt | $1.47B | $947M | $689M | $415M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Figure Technology Solutions FIGR | $5.10B | -40% | +66% | 26% | 3.58× | 26.5% |
| Rocket Companies RKT | $42.7B | -4% | +88% | 8% | 1.76× | 26.3% |
| loanDepot LDI | n/a | -54% | n/a | n/a | n/a | n/a |
| Better Home & Finance BETR | $366M | -34% | +41% | -224% | 6.31× | 68.0% |
| Upstart UPST | $2.17B | -24% | +39% | 8% | 2.44× | 37.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FIGR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.7% | -1.3% | lowest of 21 |
| 6-month return | -39.6% | -5.2% | lowest of 21 |
| Return on equity | 26.2% | 13.8% | 2nd highest of 20 |
| Price / book | 3.58× | 2.01× | 3rd most expensive of 20 |
| Trailing P/E | 26.8× | 15.0× | 3rd most expensive of 20 |
| ROE the price implies | 26.5% | 23.7% | 10th most demanding of 20 |
| ROE delivered | 26.2% | 13.8% | 2nd highest of 20 |
| Bond spread | 454 bp | 222 bp | widest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Figure Technology Solutions FIGR | United States | $5.10B | -40% | +66% | 26% | 3.58× | 26.5% | 26.2% |
| Herc HRI | United States | $5.08B | +14% | +19% | 6% | 2.56× | 33.3% | 6.3% |
| Sundaram Finance SUNDARMFIN.NS | India | $4.95B | -11% | +14% | 14% | 2.89× | 35.3% | 14.4% |
| Credit Acceptance CACC | United States | $5.37B | -1% | +2% | 23% | 3.86× | 38.2% | 22.7% |
| HDB Financial Services HDBFS.NS | India | $4.71B | -24% | +11% | 14% | 2.01× | 30.2% | 14.3% |
| Nelnet NNI | United States | $4.67B | +7% | -7% | 8% | 1.24× | 10.1% | 8.1% |
| Element Fleet Management EFN.TO | Canada | $5.61B | -31% | +5% | 11% | 2.06× | 9.2% | 10.6% |
| Chailease 5871.TW | Taiwan | $5.74B | -10% | -4% | 12% | 0.97× | 3.8% | 11.5% |
| Bohai Leasing 000415.SZ | China | $4.44B | +2% | -7% | 18% | 0.90× | 6.3% | 17.8% |
| Poonawalla Fincorp POONAWALLA.NS | India | $4.42B | +4% | +77% | 9% | 3.02× | 47.4% | 9.2% |
| SBI Cards & Payment Services SBICARD.NS | India | $5.89B | -10% | +6% | 16% | 3.24× | 40.7% | 16.3% |
| ACOM 8572.T | Japan | $4.38B | -12% | +7% | 9% | 0.96× | 5.6% | 9.3% |
| Blue Owl Technology Finance OTF | United States | $4.36B | -13% | +95% | 5% | 0.58× | 4.9% | 4.8% |
| Enova International ENVA | United States | $4.22B | -1% | +20% | 27% | 2.72× | 26.6% | 26.8% |
| Avis Budget CAR | United States | $4.20B | -18% | -1% | n/a | n/a | n/a | n/a |
| Mahindra & Mahindra Financial Services M&MFIN.NS | India | $4.12B | -15% | +15% | 14% | 1.41× | 23.7% | 13.8% |
| OneMain OMF | United States | $6.42B | 0% | +6% | 23% | 1.90× | 18.5% | 22.7% |
| GMO Payment Gateway 3769.T | Japan | $3.98B | +6% | +13% | 22% | 5.02× | 32.4% | 21.5% |
| Jiangsu Financial Leasing 600901.SS | China | $6.66B | +12% | +14% | 13% | 1.67× | 5.9% | 13.5% |
| Bread Financial BFH | United States | $3.87B | +17% | +2% | 16% | 1.13× | 12.2% | 15.9% |
| Bajaj Housing Finance BAJAJHFL.NS | India | $7.05B | -9% | +17% | 12% | 2.77× | 41.1% | 12.4% |
Figure Technology Solutions has 1 bond outstanding with $600M face value. The agencies rate it B+; its bonds trade like B-. Weighted yield 9.21%, a spread of 454 bp over government bonds.