An exceptional combination of wide economic moat, 119% revenue growth, and a Rule of 40 score of 135 establishes strong business quality, but two consecutive earnings misses, near-total product concentration in HELOC originations, and a recent news-driven downgrade warrant caution.
Thesis pillars
- Heloc Product Partner Concentration↓Deteriorating
- Wide Moat Elite Quality Metrics↑Improving
- Hypergrowth Revenue 119pct→Stable
- +1 more pillar — see the Why tab for full reasoning
Figure Technology Solutions, In (FIGR) Stock Analysis
Recovery setup
Financial Services · Capital Markets
Wait for pullback to $29.86. BUY gates pass at $31.28, but concentration risk — Product: HELOC originations (98.0%) and concentration risk — Customer: top 10 partners (56.0%) argue for a more patient entry. Engine's entry $29.86 (5% below current) is the shallowest technical level that clears the 2:1 A.R:R minimum.
Figure Technology Solutions runs a blockchain-based consumer lending and capital markets platform, primarily originating HELOCs. The company facilitated $8.3 billion in home equity lending in 2025 with 307 active partners, posting $134.3 million net income and $251.2 million... Read more
Wait for pullback to $29.86. BUY gates pass at $31.28, but concentration risk — Product: HELOC originations (98.0%) and concentration risk — Customer: top 10 partners (56.0%) argue for a more patient entry. Engine's entry $29.86 (5% below current) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: Death cross but MACD improving, RSI 59. Growth is outpacing valuation and the technical setup has confirmed a breakout above resistance (PEG 0.28, quality 8.1/10, growth 10.0/10). | News modifier -1 (STRONG_BUY_NOW → STRONG_BUY_WAIT) Score 7.0/10, moderate confidence.
Passes 9/10 gates (positive momentum, favorable risk/reward ratio, clean insider activity, positive momentum, no SEC red flags, news boost analyst 0.60, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Suitability: speculative.
About Figure Technology Solutions, In
About Figure Technology Solutions, In
Figure Technology Solutions facilitated approximately $8.3 billion in home equity lending during 2025, a 62% year-over-year increase, while posting $134.3 million in net income and $251.2 million in Adjusted EBITDA. At year-end 2025, the company held over 180 lending and servicing licenses, 48 money transmitter licenses, and SEC broker-dealer registration, serving 307 active partners and direct consumers in Washington D.C. and nearly all U.S. states.
Figure earns revenue from origination fees, gain on sale of loans, servicing fees, and interest income, which together comprised roughly 71% of total net revenue in 2025, down from 82% in 2024 as Figure Connect marketplace fees and newer products grew faster. Partners pay transaction fees based on principal balance of each loan originated or sold through Figure's Loan Origination System. The DART electronic registry, built on Provenance Blockchain, processed 87% of all LOS originations in 2025 compared to just 2% in 2024. The top 10 partners contributed 56% of origination volume in 2025; partner agreements carry no long-term financial commitments and may be terminated without material charge. The 10-day median funding time for a Figure HELOC compares with an industry median of roughly 43 days, cited as a competitive advantage over banks, non-bank lenders, and fintech platforms.
Show full overview
Figure's top 10 partners accounted for 56% of origination volume in 2025, with agreements imposing no long-term financial commitments — partners may cease platform use at any time without incurring material termination charges. Because 71% of total net revenue traces back to LOS-driven origination, gain-on-sale, and servicing activities, any significant reduction in partner volume could weigh on revenues materially. Additionally, 98% of loans originated through the LOS in 2025 were HELOCs, concentrating both credit and volume risk on a single product tied to home equity values and interest rate conditions.
See also: Financial Services · Capital Markets
From Figure Technology Solutions, In's most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-08-17Recent Developments — Figure Technology Solutions, In
Latest news
- NEWS FIGR Stock Volatility Signals Shift in Fintech Momentum - Kalkine Media — Kalkine Media negative
- NEWS $Figure Technology Solutions (FIGR.US)$ I'm not afraid - Moomoo — Moomoo neutral
- NEWS Wall Street Analysts Believe Figure Technology (FIGR) Could Rally 47.56%: Here's is How to Trade - Yahoo Finance — Yahoo Finance positive
- NEWS Figure Technology Solutions to Participate in Upcoming Investor Conferences in New York - Quiver Quantitative — Quiver Quantitative neutral
- NEWS Investment House LLC Buys Shares of 220,525 Figure Technology Solutions, Inc. $FIGR - MarketBeat — MarketBeat positive
Generated 2026-08-17T00:12:02Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductHELOC originations98%10-K Item 1: 'HELOCs comprised over 98% of our total loan originations'
- HIGHCustomertop 10 partners56%10-K Item 1A: 'Our top 10 partners contributed 56% and 52% of our origination volume for the years ended December 31, 2025 and 2024, respectively.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $29.86. BUY gates pass at $31.28, but concentration risk — Product: HELOC originations (98.0%) and concentration risk — Customer: top 10 partners (56.0%) argue for a more patient entry. Engine's entry $29.86 (5% below current) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: Death cross but MACD improving, RSI 59. Growth is outpacing valuation and the technical setup has confirmed a breakout above resistance (PEG 0.28, quality 8.1/10, growth 10.0/10). | News modifier -1 (STRONG_BUY_NOW → STRONG_BUY_WAIT) Target $44.87 (+43.4%), stop $27.77 (−12.6%), A.R:R 2.9:1. Score 7.0/10, moderate confidence.
Take-profit target: $44.87 (+42.8% upside). Target $44.87 (+43.4%), stop $27.77 (−12.6%), A.R:R 2.9:1. Stop-loss: $27.77.
Concentration risk — Product: HELOC originations (98.0%); Concentration risk — Customer: top 10 partners (56.0%); Leverage penalty (D/E 1.0): -0.5.
Figure Technology Solutions, In trades at a P/E of 37.9 (forward 21.4). TrendMatrix value score: 6.2/10. Verdict: Buy (Wait for Entry).
14 analysts cover FIGR with a consensus score of 4.0/5. Average price target: $52.
What does Figure Technology Solutions, In do?Figure Technology Solutions runs a blockchain-based consumer lending and capital markets platform, primarily...
Figure Technology Solutions runs a blockchain-based consumer lending and capital markets platform, primarily originating HELOCs. The company facilitated $8.3 billion in home equity lending in 2025 with 307 active partners, posting $134.3 million net income and $251.2 million Adjusted EBITDA. Revenue comes from origination fees, gain on sale, servicing, and partner transaction fees.