Figure Technology Solutions reports April 2026 preliminary operating data, highlighting growth in consumer loan marketplace volume and borrower demand.
Quiver AI Summary
Figure Technology Solutions announced preliminary operating data for April 2026, highlighting a month-over-month increase of 12% in Consumer Loan Marketplace Volume, which reached $1,338 million, compared to $1,190 million in March 2026. Year-over-year, this volume surged by 108% from April 2025's volume of $645 million. The report also indicated a 4% increase in the matched offers balance on the Democratized Prime platform to $384 million and a 5% rise in borrower demand to $394 million, while available lender supply decreased by 6%. Figure continues to expand its blockchain-native capital marketplace, which includes services like Figure Connect and $YLDS, and is recognized as a leader in the tokenization of real-world assets. The release also includes disclaimers about the preliminary nature of the data and potential risks impacting future performance.
Potential Positives
- Significant year-over-year increase of 108% in Consumer Loan Marketplace Volume compared to April 2025, indicating robust growth and demand for Figure’s services.
- Maintained a strong matched offers balance with a 4% month-over-month increase in April 2026, reflecting increasing engagement in the Democratized Prime platform.
- Figure Technology Solutions has established itself as a market leader in real-world asset tokenization, underscoring its innovative position within the financial technology sector.
Potential Negatives
- Consumer Loan Marketplace Volume showed a significant month-over-month increase but only compared to a significantly lower year-ago volume, which may indicate underlying issues with sustained growth.
- $YLDS in Circulation decreased by 12% month-over-month, suggesting potential concerns regarding investor confidence or product demand.
- The press release highlights that it contains preliminary and unaudited information, creating uncertainty regarding the accuracy of the reported metrics and future financial performance.
FAQ
What is Figure Technology Solutions' core business focus?
Figure Technology Solutions specializes in a blockchain-native capital marketplace for tokenized assets, including consumer loans and funding solutions.
How did consumer loan marketplace volume change in April 2026?
In April 2026, consumer loan marketplace volume increased by 12% compared to March 2026, reaching $1,338 million.
What are $YLDS tokens and their significance in the marketplace?
$YLDS tokens are yield-bearing stablecoins backed by Figure Certificate Company, facilitating secure financial transactions in the marketplace.
What does "Borrower Demand" indicate in the report?
"Borrower Demand" reflects the total value sought by borrowers from the lending pool on the Democratized Prime platform.
How does Figure measure its financial performance?
Figure uses various operating metrics, such as consumer loan volume and matched offers, to evaluate and strategize financial performance.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FIGR Insider Trading Activity
$FIGR insiders have traded $FIGR stock on the open market 67 times in the past 6 months. Of those trades, 1 have been purchases and 66 have been sales.
Here’s a breakdown of recent trading of $FIGR stock by insiders over the last 6 months:
- MICHAEL BENJAMIN TANNENBAUM (Chief Executive Officer) has made 0 purchases and 18 sales selling 1,371,657 shares for an estimated $51,514,736.
- MICHAEL SCOTT CAGNEY has made 0 purchases and 14 sales selling 1,017,898 shares for an estimated $36,893,291.
- JUNE OU has made 0 purchases and 14 sales selling 1,017,898 shares for an estimated $36,893,291.
- SACHIN CHAND JAITLY has made 0 purchases and 4 sales selling 216,713 shares for an estimated $7,289,830.
- DAVID TODD STEVENS (Chief Capital Officer) has made 0 purchases and 8 sales selling 173,208 shares for an estimated $6,281,290.
- MINCHUNG KGIL (Chief Financial Officer) has made 0 purchases and 8 sales selling 148,994 shares for an estimated $5,191,413.
- DAVID K CHAO purchased 4,000 shares for an estimated $153,056
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.
$FIGR Revenue
$FIGR had revenues of $159.9M in Q4 2025. This is an increase of 90.7% from the same period in the prior year.
You can track FIGR financials on Quiver Quantitative's FIGR stock page.
$FIGR Hedge Fund Activity
We have seen 183 institutional investors add shares of $FIGR stock to their portfolio, and 87 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 4,201,618 shares (+946.3%) to their portfolio in Q4 2025, for an estimated $171,594,079
- ABACUS WEALTH PARTNERS, LLC added 1,921,617 shares (+inf%) to their portfolio in Q1 2026, for an estimated $65,238,897
- SLATE PATH CAPITAL LP added 1,853,900 shares (+inf%) to their portfolio in Q4 2025, for an estimated $75,713,276
- FRED ALGER MANAGEMENT, LLC added 1,649,993 shares (+inf%) to their portfolio in Q4 2025, for an estimated $67,385,714
- GILDER GAGNON HOWE & CO LLC removed 1,267,206 shares (-38.7%) from their portfolio in Q4 2025, for an estimated $51,752,693
- WILMINGTON SAVINGS FUND SOCIETY, FSB added 914,868 shares (+3669.5%) to their portfolio in Q1 2026, for an estimated $31,059,768
- SACHEM HEAD CAPITAL MANAGEMENT LP removed 910,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $37,164,400
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.
$FIGR Analyst Ratings
Wall Street analysts have issued reports on $FIGR in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Piper Sandler issued a "Overweight" rating on 01/14/2026
- Keefe, Bruyette & Woods issued a "Outperform" rating on 11/18/2025
- Needham issued a "Buy" rating on 11/17/2025
- Mizuho issued a "Outperform" rating on 11/17/2025
To track analyst ratings and price targets for $FIGR, check out Quiver Quantitative's $FIGR forecast page.
$FIGR Price Targets
Multiple analysts have issued price targets for $FIGR recently. We have seen 8 analysts offer price targets for $FIGR in the last 6 months, with a median target of $53.0.
Here are some recent targets:
- Gautam Chhugani from Bernstein set a target price of $67.0 on 03/30/2026
- Dan Dolev from Mizuho set a target price of $45.0 on 03/26/2026
- James Yaro from Goldman Sachs set a target price of $44.0 on 03/02/2026
- Kyle Peterson from Needham set a target price of $55.0 on 02/27/2026
- Ryan Tomasello from Keefe, Bruyette & Woods set a target price of $55.0 on 02/27/2026
- Patrick Moley from Piper Sandler set a target price of $75.0 on 01/14/2026
- Craig Siegenthaler from B of A Securities set a target price of $47.0 on 11/17/2025
Full Release
NEW YORK, May 04, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions (Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the origination, funding, sale, and trading of tokenized assets, today reported select preliminary operating data for the month ended April 30, 2026.
| Dollars in Millions |
April
2026 |
March
2026 |
M/M
Change |
April
2025 |
Y/Y
Change |
|||||
| Consumer Loan Marketplace Volume |
$
1,338
|
$1,190
|
12 | % |
$645
|
108
%
|
||||
| $YLDS In Circulation 1 |
$
529
|
$598
|
-12 | % |
$3
|
n.m. | ||||
| Democratized Prime 2 | ||||||||||
| Matched Offers Balance |
$
384
|
$368
|
4 | % | n.m. | n.m. | ||||
| Borrower Demand |
$
394
|
$376
|
5 | % | n.m. | n.m. | ||||
| Available Lender Supply |
$
428
|
$453
|
-6 | % | n.m. | n.m. | ||||
| Dollars in Millions |
April
2025 |
May
2025 |
June
2025 |
Q2
2025 |
||||
| Consumer Loan Marketplace Volume |
$645
|
$598
|
$596
|
$
1,838
|
||||
| $YLDS In Circulation 1 |
$3
|
$3
|
$4
|
$
4
|
||||
| Democratized Prime 2 | ||||||||
| Matched Offers Balance | n.m. | n.m. |
$2
|
$
2
|
||||
| Borrower Demand | n.m. | n.m. |
$13
|
$
13
|
||||
| Available Lender Supply | n.m. | n.m. |
$5
|
$
5
|
||||
1
$YLDS launched in February 2025
2
Democratized Prime launched in June 2025
About Certain Operating Metrics
In order to better help understand our financial performance, we use several operating metrics, some of which are discussed below, to evaluate our business and results, measure performance, identify trends, formulate plans, and make strategic decisions. Our determination and presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP.
Consumer Loan Marketplace Volume: We define Consumer Loan Marketplace Volume as the total U.S. dollar equivalent value of originations of HELOCs, DSCRs, and personal loans on our LOS, as well as the volume of third-party loans traded on Figure Connect. We believe this measure is an indication of our scale and represents the potential revenue opportunity from the technology used for consumer credit loan originations.
$YLDS in Circulation: We define $YLDS in Circulation as the total U.S. dollar equivalent value of unsecured face-amount certificates solely backed by the assets of Figure Certificate Company (FCC), which is the issuer of the certificates. This is reported as an end of period outstanding balance.
Matched Offers: We define Matched Offers as the U.S. dollar equivalent value of offers matched between borrowers and lenders on the Democratized Prime platform. This is reported as an end of period outstanding balance.
Borrower Demand: We define Borrower Demand as the U.S. dollar equivalent value that borrowers seek to borrow from the lending pool on the Democratized Prime platform. This is reported as an end of period outstanding balance.
Available Lender Supply: We define Lender Supply as the U.S. dollar equivalent value that lenders have made available in the lending pool on the Democratized Prime platform. This is reported as an end of period outstanding balance.
Financial Disclosure Advisory
The information in this release is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on Figure’s estimates, and subject to completion of financial closing procedures. Final results for the most recent fiscal quarter, as reported in Figure’s quarterly and annual filings with the U.S. Securities and Exchange Commission (“SEC”), might vary from the information in this release. Figure may at times make revisions to prior estimates to ensure consistency across comparable periods.
Forward Looking Statements Disclaimer
This press release contains forward-looking statements intended to be covered by the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including without limitation statements regarding our future financial performance, including our expectations regarding our revenue, cost of revenue, operating expenses; our ability to determine reserves, and ability to remain profitable; our ability to maintain, expand, and enter into new relationships with partners and loan purchasers on the secondary market; our ability to broaden our network of partners; and our ability to successfully execute our business and growth strategy; marketplace volume, adoption, and liquidity, including the growth and performance of our Consumer Loan Marketplace, Figure Connect, and Democratized Prime platforms; our blockchain ecosystem and infrastructure initiatives, including our ability to expand the adoption of our blockchain-native products and services and the development and performance of our digital asset offerings; and our share repurchase program, including the timing, number of shares, and prices at which repurchases may occur. These statements involve known and unknown risks, uncertainties, and other important factors that may cause actual results to differ materially from those expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these terms, and similar expressions. Forward-looking statements are predictions based largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. These statements speak only as of the date of this press release.
Important factors that could cause actual results to differ materially include, among others: our history of losses and the risk that we may not maintain profitability; our reliance on HELOCs and exposure to fluctuations in the HELOC market and housing values; our ability to attract and retain borrowers, partners, and loan purchasers and to drive adoption of Figure-branded and Partner-branded channels including Figure Connect; loan performance and default rates and the effect of credit performance on access to and pricing of warehouse facilities, whole-loan sales, and securitizations; changes in interest rates and U.S. monetary policy that impact originations, funding costs, and investor demand; legal and regulatory risks affecting lending and mortgage-related activities and the evolving framework for digital assets, including potential changes in the characterization or regulation of certain digital assets and related products; dependence on key third-party providers including cloud, custodial, valuation, and data vendors and risks from outages or service disruptions; technology failures, cybersecurity incidents, or other operational disruptions; protection and enforcement of intellectual property; compliance with licensing, consumer protection, privacy, data security, and sanctions/AML laws, and shifting enforcement priorities at the federal and state levels; our ability to remediate previously identified material weaknesses and meet our public company reporting and internal control obligations; competition; macroeconomic and geopolitical conditions; our dual-class structure and concentrated voting control and related impacts on corporate governance; equity market volatility affecting our Class A common stock; and the other risks described in “Risk Factors” in our Annual Report on Form 10-K for the period ended December 31, 2025, filed with the SEC on March 16, 2026, our final prospectus dated February 18, 2026 filed with the SEC pursuant to Rule 424(b)(4) on February 18, 2026, and in our other filings with the SEC.
About Figure Technology Solutions, Inc
Figure Technology Solutions, Inc. (Nasdaq: FIGR; OPEN: FGRS) is a blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 300 partners use its loan origination system and capital marketplace. Collectively, Figure and its partners have originated over $24 billion of home equity to date, among other products, making Figure’s ecosystem the largest non-bank provider of HELOCs. The fastest growing components are Figure Connect, its consumer credit marketplace, and Democratized Prime, Figure’s on-chain decentralized lending marketplace. Figure's ecosystem also includes DART (Digital Asset Registry Technology) for asset custody and lien perfection, and $YLDS, an SEC-registered yield-bearing stablecoin that is issued by a tokenized face-amount certificate company, which is a type of registered investment company.
Figure is the market leader in real-world asset (RWA) tokenization. The company has received AAA ratings from S&P and Moody’s on multiple loan securitizations, the first of its kind for blockchain finance. For more information, visit
https://figure.com
or follow Figure on
LinkedIn
.
News & Information Disclosure
Investors should note we may use our website (https://www.figure.com/), our investor relations website (https://investors.figure.com/), and the social media accounts of Figure, Figure Markets and/or Mike Cagney, our Co-Founder and Executive Chairman, as a means of disclosing information and for complying with our disclosure obligations under Regulation FD. These include X (@figure @mcagney, @figuremarkets), LinkedIn (https://www.linkedin.com/company/figuretechnologies/, https://www.linkedin.com/in/mikecagney/), Instagram (@figuretechnologies), Facebook (https://www.facebook.com/Figure/), and YouTube (@figuretechnologies). The information we post through these channels may be deemed material. Investors should monitor these channels in addition to reviewing our press releases, SEC filings, and public conference calls.
Investor Contact: [email protected]