TLDR

  • Figure’s stock climbs 3.57% after exceeding Q4 revenue expectations.
  • Early trading pushes shares to $36.10 following a robust loan growth report.
  • Consumer loan originations on Figure’s blockchain marketplace surge 131% year-over-year.
  • Secondary offering facilitates shareholder sales; $30M repurchase highlights financial flexibility.
  • OPEN network expansion focuses on blockchain-based equity and stock lending.

Figure Technology Solutions saw its stock rise after releasing preliminary fourth-quarter results that outperformed revenue expectations. The shares gained 3.57%, closing at $35.29, before dipping 1.39% to $34.80 in after-hours trading. Later, in early Friday trading, the stock rose approximately 6% to $36.10 as the company detailed strong loan growth and a secondary offering plan.

The company projected fourth-quarter revenue in the range of $158 million to $162 million, which surpasses the Wall Street consensus estimate of $154 million. Adjusted EBITDA is anticipated to fall between $80 million and $83 million, largely aligning with forecasts.

The preliminary figures were disclosed in a prospectus linked to a secondary stock offering. Existing shareholders have the option to sell up to 4.23 million shares of blockchain-native common stock. Concurrently, Figure intends to repurchase up to $30 million in shares from underwriters.

The stock initially closed at $35.29, marking a $1.22 increase for the session. It then fell to $34.80 in extended trading before rebounding in early Friday trading, reaching approximately $36.10 following the update.

Onchain Credit Marketplace Drives 131% Loan Growth

The company reported that consumer loan originations on its marketplace surged 131% year-over-year, underscoring ongoing demand for its onchain credit platform. This marketplace currently accounts for the majority of the company’s revenue.

The firm has established itself as a blockchain-centric provider of lending and capital markets infrastructure. It leverages distributed ledger technology to originate, fund, and service loans, aiming to lower costs and enhance transaction efficiency.

Analysts attribute the company’s near-term performance to continued expansion of its marketplace. Meanwhile, management is continuing to scale operations post its September 2025 initial public offering. The stock debuted at $25, closed its first trading day near $31, and currently trades around those levels.

Secondary Offering and OPEN Network Expansion Plans

The secondary offering enables early shareholders to sell a portion of their holdings. The company will not receive proceeds from the shares sold by these holders; however, the planned $30 million repurchase indicates balance sheet strength and capital flexibility.

The company is continuing to develop its OPEN network for onchain equity issuance and trading. This platform is designed to enable equities to move directly on blockchain infrastructure, while management is also exploring the migration of stock lending activities to blockchain systems.

These initiatives are focused on long-term market expansion rather than immediate earnings effects. The company plans to release finalized fourth-quarter results during its upcoming earnings call later this month, where updated outlook comments may provide further clarity on growth priorities and capital allocation strategies.