Figure Technology Solutions Inc. Class A Common Stock (FIGR)

FairStock Score: 54/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn high returns on capital and sell at a sensible price. Figure operates blockchain-based lending, trading, and investing products, mostly through loan origination and marketplace distribution. The filed numbers show explosive improvement: FY2025, the year ended 2025-12-31, revenue was $506.9M and net income $133.9M, versus FY2024, the year ended 2024-12-31, revenue $340.9M and net income $17.2M, while FY2023, the year ended 2023-12-31, had a net loss of $47.9M. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $225.6M and net income $87.4M, with diluted EPS $0.35. That is genuine profitability, and the FairStock calculation shows ROE of 26.12%. But ROCE is only 5.06%, and debt-to-equity is 1.04, so the total-capital returns are far less impressive. At the 2026-10-13 close of $27.25, FairStock calculates P/E 28.68 and P/B 4.31. For a financial company with a short profit history, 4.3 times book demands a lot. The PEG ratio of 0.03 looks cheap, but it is distorted by the turnaround from near-zero earnings. Piotroski F-Score 4/9 and FairStock Score 54/100 suggest mixed quality. The Lynch category is TURNAROUND, and the 52-week range of $24.11 to $78.00 shows how volatile sentiment has been. I cannot see CET1, NIM, combined ratio, or loan-loss data in these figures, so credit and underwriting risk are hard to judge. Without consistent profits through a cycle, a margin of safety is not obvious.

In plain English: Figure Technology Solutions sells blockchain-based lending, trading, and investing products. It has grown sales very fast and recently became profitable, but its profits are still new and its shares are not cheap compared with the company's net assets. The price looks fair to expensive unless the rapid growth continues.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer