On August 26, Figure Technology Solutions rose 5.24% in regular trading, reaching $40.75/share with turnover of $101 million, as the stock continued its upward re-rating following a significant Q2 earnings beat reported on August 13.
The company posted Q2 EPS of $0.35, exceeding the FactSet consensus estimate of $0.23 by 52%, representing a 337.5% year-over-year increase from $0.08. Revenue came in at $225.6 million versus the $208.2 million estimate, reflecting 113% year-over-year growth. GAAP net income surged 192% to $87.4 million, yielding a net margin of 38.8%. The Figure Connect third-party marketplace delivered $2.8 billion in transaction volume, with 102 new lending partners added during the quarter, bringing total institutional partners to 489.
The company holds $1.4 billion in unrestricted cash equivalents, up 20% from year-end, providing substantial capacity for its pending $717 million acquisition of Kiavi, an AI-powered real estate lending platform announced in June.
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