Figure Technology Solutions

FIGR

Market cap $6.41B

Figure Technologies remains a high-conviction "Buy," despite a >30% YTD decline disconnected from its robust fundamentals. FIGR delivered 98% y/y revenue growth in Q1, with consumer loan marketplace volume up 113% and adjusted EBITDA margin expanding to 49.6%. Expansion into new loan types, the $717 million Kiavi acquisition, and rapid partner onboarding are accelerating origination growth and broadening addressable markets.

Figure Technology Solutions, Inc. remains a Buy despite a 30% decline since my last coverage. I see no significant structural issues with FIGR; fintech sector headwinds and AI risk appear overblown here. Recent acquisition of Kiavi could catalyze a turnaround and support further growth.

Figure Technology Solutions, Inc. (FIGR) M&A Call Transcript

NEW YORK, June 10, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions, Inc. (“Figure,” Nasdaq: FIGR; OPEN: FGRS), the blockchain-native capital marketplace for the origination, funding, sale, and trading of tokenized assets, today announced a definitive agreement to acquire Kiavi, an AI-powered lending platform for residential real estate investors. The transaction includes the purchase of Kiavi's balance sheet assets by a joint venture between Figure and Sixth Street, a leading global investment firm, which is buying loans off Kiavi's balance sheet. The total transaction purchase price is $717 million.

FORT LEE, N.J.--(BUSINESS WIRE)--Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced a forward-flow agreement with Figure Technology Solutions (“Figure,” Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the origination, funding, sale, and trading of blockchain-native assets. Through this agreement, Cross River's Principal Finance Group (PFG) has committed to purchasing up to $250 million.

Figure Technology Solutions, Inc. (FIGR) Presents at Piper Sandler Global Exchange and Fintech Conference Transcript

NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions (Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the origination, funding, sale, and trading of tokenized assets, today reported select preliminary operating data for the month ended May 31, 2026.

Figure Technology Solutions NASDAQ: FIGR Chief Executive Officer Michael Tannenbaum said the company's core strategy has remained consistent since its founding in 2018: building capital markets marketplaces on blockchain rails while using automation to lower costs and improve liquidity.

Figure Technology Solutions, Inc. (FIGR) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

NEW YORK, May 28, 2026 (GLOBE NEWSWIRE) -- Raydium, the highest-volume decentralized exchange on Solana and the on-chain liquidity protocol behind more than $1 trillion in cumulative trading volume, has had its RAY token listed on Revolut and Robinhood. The back-to-back listings make RAY the first token from a Solana-based decentralized exchange available on both consumer finance apps.