TLDR
- Figure shares jump 3.57% after beating Q4 revenue expectations.
- Early trading lifts stock to $36.10 following strong loan growth report.
- Consumer loan originations soar 131% YoY on Figure’s blockchain marketplace.
- Secondary offering allows shareholder sales; $30M repurchase signals flexibility.
- OPEN network expansion targets blockchain-based equity and stock lending.
Figure Technology Solutions advanced after issuing preliminary fourth quarter results that exceeded revenue expectations. The stock gained 3.57% to close at $35.29 before easing 1.39% in after-hours trading to $34.80. Shares then rose about 6% to $36.10 in early Friday trading as the company detailed strong loan growth and a secondary offering plan.
Figure Technology Solutions projected fourth quarter revenue between $158 million and $162 million. That range exceeded the $154 million Wall Street consensus estimate. Adjusted EBITDA is expected to be between $80 million and $83 million, broadly in line with forecasts.
The company disclosed the preliminary figures in a prospectus tied to a secondary stock offering. Existing shareholders may sell up to 4.23 million shares of blockchain-native common stock. At the same time, Figure plans to repurchase up to $30 million of shares from underwriters.
Shares initially closed at $35.29, up $1.22 on the session. The stock slipped to $34.80 in extended trading. It then rebounded in early Friday trading, reaching about $36.10 after the update.
Onchain Credit Marketplace Drives 131% Loan Growth
The figure reported that consumer loan originations on its marketplace increased 131% year over year. That growth highlights continued demand for its onchain credit platform. The marketplace generates the majority of the company’s revenue today.
The firm has positioned itself as a blockchain-focused lending and capital markets infrastructure provider. It uses distributed ledger technology to originate, fund, and service loans. As a result, it seeks to reduce costs and improve transaction efficiency.
Analysts attribute near-term performance to sustained marketplace expansion. Meanwhile, management continues to scale operations following the company’s September 2025 initial public offering. Shares debuted at $25 and closed their first trading day near $31, and the stock now trades near those levels.
Secondary Offering and OPEN Network Expansion Plans
The secondary offering allows early shareholders to sell part of their holdings. The company will not receive proceeds from shares sold by those holders. However, the planned $30 million repurchase signals balance sheet capacity and capital flexibility.
Figure continues developing its OPEN network for onchain equity issuance and trading. The platform aims to allow equities to move directly on blockchain infrastructure. Management also explores shifting stock lending activity onto blockchain rails.
Those initiatives target longer-term market expansion rather than immediate earnings impact. The company expects to provide finalized fourth quarter results during its upcoming earnings call later this month. Updated outlook commentary may further clarify growth priorities and capital allocation plans.
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