Figure Technology Solutions reports significant growth in consumer loan marketplace volume and metrics for March 2026.
Quiver AI Summary
Figure Technology Solutions, a blockchain-native capital marketplace, reported strong preliminary operating results for March 2026, highlighting a 33% month-over-month increase in consumer loan marketplace volume, totaling $1.19 billion, and a year-over-year increase of 102%. For the first quarter of 2026, the marketplace volume reached $2.9 billion, a 7% increase from the previous quarter and a 113% rise compared to the same period in 2025. Figure also noted a significant increase in the $YLDS stablecoin in circulation, with an 83% quarter-over-quarter growth. The company emphasized the importance of various operating metrics to evaluate their business performance and maintain transparency for investors. Figure continues to lead in the tokenization of real-world assets, having achieved accolades from credit rating agencies for its loan securitizations.
Potential Positives
- Consumer Loan Marketplace Volume for March 2026 increased by 33% month-over-month and 102% year-over-year, indicating strong growth in demand for the company's lending services.
- Q1 2026 Consumer Loan Marketplace Volume reached $2.902 billion, reflecting a 7% increase from Q4 2025 and a significant 113% increase compared to Q1 2025, showcasing robust year-over-year growth.
- The $YLDS in Circulation increased by 83% from Q4 2025 to Q1 2026, highlighting the growing adoption of Figure's yield-bearing stablecoin and increasing investor confidence.
- Figure reported significant increases in Borrower Demand and Available Lender Supply in both the monthly and quarterly metrics, indicating a healthy lending marketplace environment.
Potential Negatives
- Preliminary operating data are unaudited and subject to changes, potentially affecting stakeholder confidence in financial reporting accuracy.
- The company reported a year-over-year increase in Consumer Loan Marketplace Volume, but only a 7% growth compared to the previous quarter, which may indicate slowing growth relative to expectations.
- Warnings regarding forward-looking statements highlight significant uncertainties, including a history of losses and risks related to profitability, which could raise concerns among investors.
FAQ
What is Figure Technology Solutions’ primary business focus?
Figure Technology Solutions specializes in a blockchain-native capital marketplace for tokenized assets, including origination and funding of consumer loans.
How did Figure's consumer loan marketplace volume perform in March 2026?
In March 2026, Figure's consumer loan marketplace volume reached $1.19 billion, reflecting a 33% month-over-month increase.
What is the significance of $YLDS in circulation?
$YLDS represents the total value of unsecured face-amount certificates and is a key metric for assessing Figure's financial health.
How did the matched offers balance change in March 2026?
The matched offers balance remained stable at $368 million in March 2026, showing no month-over-month change.
What platforms does Figure Technology Solutions operate?
Figure operates the Consumer Loan Marketplace, Figure Connect, and Democratized Prime, facilitating diverse lending and borrowing activities.
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 54 times in the past 6 months. Of those trades, 1 have been purchases and 53 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 12 sales selling 1,187,463 shares for an estimated $45,450,381.
- MICHAEL SCOTT CAGNEY has made 0 purchases and 11 sales selling 950,058 shares for an estimated $34,505,737.
- JUNE OU has made 0 purchases and 11 sales selling 950,058 shares for an estimated $34,505,737.
- 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 7 sales selling 140,994 shares for an estimated $4,933,433.
- DAVID K CHAO purchased 4,000 shares for an estimated $153,056
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$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 170 institutional investors add shares of $FIGR stock to their portfolio, and 70 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
- 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
- SACHEM HEAD CAPITAL MANAGEMENT LP removed 910,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $37,164,400
- CITADEL ADVISORS LLC removed 885,127 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $36,148,586
- NORGES BANK added 800,000 shares (+inf%) to their portfolio in Q4 2025, for an estimated $32,672,000
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$FIGR Analyst Ratings
Wall Street analysts have issued reports on $FIGR in the last several months. We have seen 6 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
- Goldman Sachs issued a "Buy" rating on 10/14/2025
- Bernstein issued a "Outperform" rating on 10/06/2025
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 10 analysts offer price targets for $FIGR in the last 6 months, with a median target of $49.0.
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, April 03, 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 and quarter ended March 31, 2026.
| Dollars in Millions |
March
2026 |
February
2026 |
M/M
Change |
March
2025 |
Y/Y
Change |
|||||
| Consumer Loan Marketplace Volume |
$
1,190
|
$896
|
33
%
|
$590
|
102
%
|
|||||
| $YLDS In Circulation 1 |
$
598
|
$588
|
2
%
|
$3
|
n.m. | |||||
| Democratized Prime 2 | ||||||||||
| Matched Offers Balance |
$
368
|
$369
|
0
%
|
n.m. | n.m. | |||||
| Borrower Demand |
$
376
|
$373
|
1
%
|
n.m. | n.m. | |||||
| Available Lender Supply |
$
453
|
$396
|
14
%
|
n.m. | n.m. | |||||
| Dollars in Millions |
Q1
2026 |
Q4
2025 |
Q/Q
Change |
Q1
2025 |
Y/Y
Change |
|||||
| Consumer Loan Marketplace Volume |
$
2,902
|
$2,705
|
7
%
|
$1,365
|
113
%
|
|||||
| $YLDS In Circulation 1 |
$
598
|
$328
|
83
%
|
$3
|
n.m. | |||||
| Democratized Prime 2 | ||||||||||
| Matched Offers Balance |
$
368
|
$206
|
79
%
|
n.m. | n.m. | |||||
| Borrower Demand |
$
376
|
$246
|
53
%
|
n.m. | n.m. | |||||
| Available Lender Supply |
$
453
|
$213
|
112
%
|
n.m. | n.m. | |||||
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 lend-borrow 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 operates as a tokenized money market fund.
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.