The figure shows a strong increase in preliminary revenue for Q4, with consumer lending volume more than doubling.

Figure Technology Solutions announces preliminary Q4 results with significantly improved revenue and profit margins, driven by a 131% increase in transaction volume on the consumer lending marketplace compared to the same period last year. This information helped the company's stock rise about 2% in early trading, reaching nearly $34.50.

Q4 revenue is estimated to be between $158 million and $162 million, surpassing the market forecast of $154 million. Adjusted EBITDA is projected to be $80 million to $83 million, generally in line with analyst expectations. The stock price has now returned close to the level seen after the September 2025 IPO.

The company is also implementing a secondary share offering of up to 4.23 million shares. Additionally, Figure plans to repurchase up to $30 million worth of shares from underwriters using available cash — a move described by Matthew Sigel at VanEck as “small but symbolic” to support the stock price.

Analysts believe that Figure’s short-term growth still mainly comes from its on-chain credit marketplace, while new initiatives such as the OPEN network for issuing and trading shares on the blockchain represent long-term growth opportunities that have not yet contributed significantly to near-term profits. The company is expected to announce official results and update its outlook during the investor meeting at the end of the month.