Figure Technology Solutions reports mixed operating data for May 2026, highlighting growth in loan marketplace volume and lender supply.
Quiver AI Summary
Figure Technology Solutions, a leading blockchain-native capital marketplace, announced preliminary operating data for May 2026, revealing a 5% increase in consumer loan marketplace volume to $1.4 billion compared to April 2026, and a significant 135% year-over-year increase from May 2025. The company noted a rise in $YLDS stablecoins in circulation and healthy metrics in borrower demand and lender supply, indicating robust activity in their platforms, particularly Figure Connect and Democratized Prime. The press release emphasizes the company's ongoing commitment to enhancing its blockchain-based services and partnerships while highlighting the preliminary nature of the data and the potential for variance in final results. Figure has established itself as a key player in the tokenization of real-world assets, having originated over $26 billion in home equity loans and maintaining a large network of partners.
Potential Positives
- Figure Technology Solutions reported a significant year-over-year increase in Consumer Loan Marketplace Volume, with a 135% rise compared to May 2025.
- The company achieved a 5% month-over-month increase in both Consumer Loan Marketplace Volume and $YLDS in Circulation, indicating consistent growth in its operating metrics.
- Figure is positioned as the largest non-bank provider of HELOCs, having originated over $26 billion in home equity transactions, showcasing its market leadership and extensive partner network.
- The company received AAA ratings from S&P and Moody’s on multiple loan securitizations, marking a milestone as the first of its kind for blockchain finance and reflecting strong credibility in the market.
Potential Negatives
- Preliminary operating data is based on estimates and is subject to change, indicating potential instability in reported performance.
- The company continues to report a history of losses, raising concerns about its ability to achieve and maintain profitability.
- Forward-looking statements contain numerous risks and uncertainties, highlighting the company's vulnerability to market fluctuations and regulatory changes.
FAQ
What is Figure Technology Solutions?
Figure Technology Solutions is a blockchain-native capital marketplace for the origination and trading of tokenized assets.
What was the Consumer Loan Marketplace Volume for May 2026?
The Consumer Loan Marketplace Volume for May 2026 was $1,402 million, reflecting a 5% increase from April 2026.
What metrics does Figure use to evaluate financial performance?
Figure uses metrics like Consumer Loan Marketplace Volume, $YLDS in Circulation, and Borrower Demand to evaluate its financial performance.
How has borrower demand changed from April to May 2026?
Borrower Demand increased by 4% from $394 million in April 2026 to $412 million in May 2026.
What platforms does Figure Technology Solutions operate?
Figure operates several platforms, including Figure Connect and Democratized Prime for consumer loan transactions.
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 59 times in the past 6 months. Of those trades, 1 have been purchases and 58 have been sales.
Here’s a breakdown of recent trading of $FIGR stock by insiders over the last 6 months:
- MICHAEL SCOTT CAGNEY has made 0 purchases and 12 sales selling 303,088 shares for an estimated $11,613,539.
- JUNE OU has made 0 purchases and 12 sales selling 303,088 shares for an estimated $11,613,539.
- MICHAEL BENJAMIN TANNENBAUM (Chief Executive Officer) has made 0 purchases and 11 sales selling 291,122 shares for an estimated $9,853,759.
- 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 10 sales selling 136,772 shares for an estimated $4,993,713.
- MINCHUNG KGIL (Chief Financial Officer) has made 0 purchases and 9 sales selling 56,994 shares for an estimated $1,968,079.
- 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 insider transaction endpoint.
$FIGR Revenue
$FIGR had revenues of $167M in Q1 2026. This is an increase of 97.62% from the same period in the prior year.
You can track FIGR financials on Quiver Quantitative's FIGR stock page.
You can access data on FIGR stock through the Quiver Quantitative API.
$FIGR Hedge Fund Activity
We have seen 243 institutional investors add shares of $FIGR stock to their portfolio, and 118 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 8,161,915 shares (+175.7%) to their portfolio in Q1 2026, for an estimated $277,097,014
- ORLAND PROPERTIES LTD removed 4,818,466 shares (-54.9%) from their portfolio in Q1 2026, for an estimated $163,586,920
- MORGAN CREEK CAPITAL MANAGEMENT, LLC removed 3,827,181 shares (-49.7%) from their portfolio in Q1 2026, for an estimated $129,932,794
- MORGAN STANLEY added 2,566,551 shares (+1524.3%) to their portfolio in Q1 2026, for an estimated $87,134,406
- BIT CAPITAL GMBH added 2,237,373 shares (+851.5%) to their portfolio in Q1 2026, for an estimated $75,958,813
- PRICE T ROWE ASSOCIATES INC /MD/ added 2,218,244 shares (+13917.1%) to their portfolio in Q1 2026, for an estimated $75,309,383
- FRED ALGER MANAGEMENT, LLC added 2,188,858 shares (+132.7%) to their portfolio in Q1 2026, for an estimated $74,311,729
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 13F endpoint.
$FIGR Analyst Ratings
Wall Street analysts have issued reports on $FIGR in the last several months. We have seen 1 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
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 6 analysts offer price targets for $FIGR in the last 6 months, with a median target of $55.0.
Here are some recent targets:
- Dan Dolev from Mizuho set a target price of $55.0 on 05/14/2026
- Kyle Peterson from Needham set a target price of $55.0 on 05/13/2026
- Gautam Chhugani from Bernstein set a target price of $67.0 on 03/30/2026
- James Yaro from Goldman Sachs set a target price of $44.0 on 03/02/2026
- 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
Full Release
NEW YORK, June 02, 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 May 31, 2026.
| Dollars in Millions |
May
2026 |
April
2026 |
M/M
Change |
May
2025 |
Y/Y
Change |
|||||
| Consumer Loan Marketplace Volume | $1,402 | $1,338 |
5
%
|
$598 |
135
%
|
|||||
| $YLDS In Circulation 1 | $557 | $529 |
5
%
|
$3 | n.m. | |||||
| Democratized Prime 2 | ||||||||||
| Matched Offers Balance | $385 | $384 |
0
%
|
n.m. | n.m. | |||||
| Borrower Demand | $412 | $394 |
4
%
|
n.m. | n.m. | |||||
| Available Lender Supply | $500 | $428 |
17
%
|
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 380 partners use its loan origination system and capital marketplace. Collectively, Figure and its partners have originated over $26 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.
Investor Contact: [email protected]