Key Stats for Figure Technology Stock
- Pre-market Price Change for FIGR stock: 5.5%
- $FIGR Share Price as of Nov. 13: $34.60
- 52-Week High: $49.50
- 52-Week Low: $30.01
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What Happened?
Figure Technology (FIGR) stock surged over 5% in pre-market trading after the blockchain-based lender crushed Wall Street’s revenue expectations in its first quarterly report as a public company.
Figure Technology reported third-quarter adjusted net revenue of $156.4 million, smashing the $119.4 million analyst consensus by 31%.
Net income exploded 227% year-over-year to $90 million, while adjusted EBITDA jumped 75% to $86.4 million.
The adjusted EBITDA margin hit 55.4%, up over 10 percentage points from 44.9% in the year-ago quarter. That kind of margin expansion is rare for a fast-growing fintech, demonstrating the scalability of Figure’s blockchain-native model.
Consumer Loan Marketplace volume rose 70% year-over-year to $2.5 billion in the quarter. The real highlight was Figure Connect, the company’s broker marketplace platform, launched in June 2024.
Figure Connect volume hit $1.1 billion, up from $767 million in Q2, and now represents 46% of total Consumer Loan Marketplace volume.
CEO Michael Tannenbaum emphasized the momentum: “The continued success of Figure’s marketplace approach to tokenized consumer loan origination drove significant growth in earnings.”
The company also expanded into new product categories, generating over $80 million in volume from crypto-backed loans, small/medium business loans, and specialized mortgage products.
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What the Market Is Telling Us About FIGR Stock
Today’s pop in FIGR stock reflects investor enthusiasm for a business model that’s delivering both explosive growth and impressive profitability—a combination that’s increasingly rare in fintech.
The 55% EBITDA margin is striking because it suggests Figure’s blockchain infrastructure creates genuine operating leverage as volume scales.
The Figure Connect platform appears to be the real game-changer for FIGR stock. By bringing other lenders onto its blockchain marketplace, Figure is moving beyond being just a direct lender to becoming an infrastructure provider for the entire lending ecosystem.
The fact that Figure Connect already represents nearly half of the total volume in just over a year since launch validates this strategy.
Figure went public on September 12, 2025, raising $663 million in net proceeds by issuing 36 million shares. The successful IPO provided the company with a war chest to fund growth initiatives, including the expansion of its Democratized Prime platform and the development of the $YLDS stablecoin product.
The $YLDS balance has grown from $4 million in Q2 to nearly $100 million as of mid-November, driven by new partnerships with the Sui Foundation and the Solana Foundation, which are fueling adoption.
First-lien loans increased to 17% of Consumer Loan Marketplace volume, up 650 basis points year-over-year. This shift toward higher-quality collateral could reduce credit risk while maintaining strong unit economics.
With 246 active partners now in its ecosystem, including one of the largest loan servicers in the United States added during Q3, Figure is building the network effects that could make it the dominant blockchain-based lending infrastructure.
If the company can maintain this momentum while continuing to expand EBITDA margins, FIGR stock could have significant room to run from current levels.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
