FIGR Figure Technology Solutions, Inc.
Price Chart
Executive Summary
Figure Technology Solutions reported Q1 2026 GAAP EPS of $0.18 (diluted), a massive beat vs the $0.23 consensus estimate (which appears to be a different metric — GAAP diluted EPS of $0.18 is actually a beat of $0.05 vs consensus $0.23, or -21.7% miss if using the Street-convention $0.06 from Q4). Revenue of $167M crushed the $159.5M consensus by 4.7%, driven by 113% YoY growth in Consumer Loan Marketplace volume to $2.9B. The company initiated Q2 2026 guidance for Consumer Loan Marketplace volume of $3.8-$4.1B, implying continued strong growth, but the EPS miss vs consensus and the stock's OTC listing status temper the bullish narrative.
Actionable Insight
The revenue beat and strong volume growth are positive, but the EPS miss vs consensus and the stock's OTC listing status create uncertainty. Monitor the Q2 guidance execution closely — if Consumer Loan Marketplace volume hits the $4.1B high end, it would validate the growth narrative. The stock's 80% analyst bullish rating suggests high expectations; any miss on volume guidance in Q2 could trigger a sharp selloff.
Key Facts
- Q1 2026 GAAP net revenue $167M, +97.6% YoY from $84.5M
- GAAP net income $45M vs $(0.6M) loss in Q1 2025; net income margin 27.0%
- GAAP diluted EPS $0.18 vs $(0.01) in Q1 2025
- Adjusted EBITDA $82.7M, +191.8% YoY; Adjusted EBITDA margin 49.6%
- Consumer Loan Marketplace volume $2.9B, +112.6% YoY
- Figure Connect volume $1.6B, +237.3% YoY, now 56% of total marketplace volume
- Added record 80 new partners in Q1; 387 active partners total
- Cash and equivalents $1.5B; loans held for sale $504M
- Initiated Q2 2026 guidance: Consumer Loan Marketplace volume $3.8-$4.1B
- EPS of $0.06 in Q4 2025 vs consensus $0.13; Q1 2026 GAAP diluted EPS $0.18 vs consensus $0.23 (consensus may be for a different metric)
Financial Impact
Revenue beat consensus by ~$7.5M (4.7%); GAAP diluted EPS of $0.18 vs consensus $0.23 (21.7% miss vs consensus, but GAAP profitability vs year-ago loss is a major improvement)
Risk Factors
- EPS miss vs consensus may pressure the stock despite strong revenue growth
- OTC listing status limits institutional buying and adds volatility
- Q2 2026 volume guidance of $3.8-$4.1B implies deceleration from Q1's $2.9B run rate (annualized ~$11.6B vs guided $15.2-$16.4B annualized — actually implies acceleration)
- Stock-based compensation of $25.9M in Q1 is dilutive to shareholders
- Dual-class structure concentrates voting control
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3292425 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 21, 2026
today
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Insider Cluster
| $34.37 awaiting T+5 | awaiting T+5 | — | $34.06 (−0.90%) |
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May 15, 2026
6d ago
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Insider Cluster
| — | awaiting T+5 | — | — |
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May 15, 2026
6d ago
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Insider Cluster
| $43.24 awaiting T+5 | awaiting T+5 | — | $34.06 (−21.24%) |
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May 11, 2026
10d ago
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Press Release
| $39.50 $38.58 | ▼ −2.33% | ▼ −2.41% | $34.06 (−13.78%) |
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May 5, 2026
17d ago
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Press Release
| $37.30 $39.50 | ▲ +5.90% | ▲ +3.91% | $34.06 (−8.70%) |
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Apr 24, 2026
28d ago
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Insider Cluster
| $32.15 $35.10 | ▲ +9.18% | ▲ +8.27% | $34.06 (+5.93%) |
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Apr 22, 2026
4w ago
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Press Release
| $35.67 $32.19 | ▼ −9.76% | ▼ −9.81% | $34.06 (−4.53%) |
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Apr 15, 2026
5w ago
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Insider Cluster
| $35.62 $35.67 | ▼ −0.14% | ▲ +1.50% | $34.06 (+4.39%) |
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Apr 3, 2026
7w ago
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Press Release
| $32.30 $35.97 | ▼ −11.36% | ▼ −7.23% | $34.06 (−5.43%) |
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Mar 19, 2026
9w ago
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Insider Cluster
| $33.08 $31.94 | ▼ −3.45% | ▼ −1.23% | $34.06 (+2.95%) |
US Market Status
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