# Figure Technology Solutions, Class A Common Stock (FIGR.US)

Canonical: https://gigainvestors.com/s/FIGR

Analysis as of: 2026-10-16T07:28:31.198Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $27.67 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Bill Miller](https://gigainvestors.com/LMM): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 51% since Jan 2026 · "Figure's Take Rate Is Shrinking By Design" (finance.yahoo.com, Aug 2026)

Story as of 2026-10-16T09:58:45.418Z; price observation 2026-10-15.

- 2026-05-12: Figure Technology Solutions beats top-line and bottom-line estimates; initiates Q2 outlook ([seekingalpha.com](https://seekingalpha.com/news/4590972-figure-technology-solutions-beats-top-line-and-bottom-line-estimates-initiates-q2-outlook?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in capital markets; annual sales are USD 506.9 million.

- Source: https://www.sec.gov/Archives/edgar/data/2064124/000206412426000009/figr-20251231.htm#000206412426000009 (filed 2026-03-16); FY2025: revenue 506865000; grossProfit 359647000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); FIGR.US: Figure Technology Solutions, Inc., a financial technology company, provides blockchain-based products and solutions in the United States. The company offers a suite of blockchain-based solutions for its marketplaces, including lending, trading, and investing activities in areas, such as consumer credit and digital assets. It also provides technology-enabled loan origination system and pairs this system with a distribution marketplace; Figure Connect that provides access to a deep and broad pool of capital markets partners; and develops an exchange for digital assets and credit, which offers interest-bearing stablecoin deposits. The company was formerly known as FT Intermediate, Inc. and changed its name to Figure Technology Solutions, Inc. in August 2025. Figure Technology Solutions, Inc. was founded in 2018 and is based in Reno, Nevada.

### Why customers stay

Margins ranged from 70.7% to 75.6% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); FY2023: grossProfit / revenue = 70.7%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); FY2024: grossProfit / revenue = 75.6%.

- Source: https://www.sec.gov/Archives/edgar/data/2064124/000206412426000009/figr-20251231.htm (filed 2026-03-16); FY2025: grossProfit / revenue = 71%.

### Where the cash goes

Paid dividends in 2 of 3 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); Dividend observations: [[2023,345000],[2024,2807000],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 6.3% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); FIGR.US SharesStats.PercentInsiders = 6.345000000000001 percentage points; cache date 2026-10-16.

### What the price says

The price is 7.7 times annual sales; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); Closing price 27.67 USD; reporting-to-trading FX 1; FY2025 annual sales per share 3.574455881095388; price multiple 7.741038334349383. FY2025 cash earnings/share -0.14417991080266976. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2025-09: $36.37 per share

- 2025-10: $39.60 per share

- 2025-11: $36.24 per share

- 2025-12: $40.84 per share

- 2026-01: $56.88 per share

- 2026-02: $25.28 per share

- 2026-03: $33.95 per share

- 2026-04: $35.10 per share

- 2026-05: $35.35 per share

- 2026-06: $30.71 per share

- 2026-07: $24.91 per share

- 2026-08: $36.69 per share

- 2026-09: $28.85 per share

- 2026-10: $27.67 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/2064124/000206412426000009/figr-20251231.htm); period 2025-12-31, filed 2026-03-16.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.