Figure Technology Solutions, In (FIGR) Stock Price & How to Invest

Figure Technology Solutions, Inc. (Nasdaq: FIGR) is a financial technology company co-founded by SoFi founder Mike Cagney that originates and distributes consumer and mortgage-related loans, with home equity lines of credit (HELOCs) as its core product. Figure pairs a technology-driven loan origination system (which promises approvals in minutes and funding in days) with Figure Connect, an electronic marketplace launched in June 2024 that lets originators sell loans to buyers, and it uses blockchain-based infrastructure such as its Digital Asset Registry Technology (DART) to track and transfer loans. The company has grown into the largest non-bank provider of home equity financing in the country, facilitating more than $17 billion in home equity lending, and it expanded into residential real estate lending through its acquisition of Kiavi.

Figure went public on September 11, 2025, pricing its IPO at $25 per share and raising roughly $788 million. The investment picture combines rapid revenue growth (trailing-twelve-month revenue around $510 million as of mid-2026, up about 74 percent) and a swing to net income with elevated risk: shares ran up to roughly $78 in January 2026 before falling back toward the low $30s, and the company has faced an April 2026 short-seller report from Morpheus Research that disputes how central blockchain actually is to its business, plus a February 2026 data breach affecting nearly one million people. The stock trades at a high earnings multiple that prices in continued growth, so it is economically sensitive to interest rates, the housing and HELOC cycle, and its ability to keep scaling loan volume and marketplace activity.

Figure carries elevated, above-average risk for a recently public company. In April 2026, short-seller Morpheus Research published a report arguing that Figure overstates how central blockchain is to its operations and that several of its crypto-native products have stalled, and it disclosed a short position; Figure disputed the report, but the controversy has weighed on the stock and remains unresolved. In February 2026 the company confirmed a data breach exposing sensitive personal and financial information of nearly one million people, which has drawn consumer class-action litigation and reputational risk. The business is economically cyclical and rate-sensitive, because HELOC demand, loan pricing, and marketplace activity all depend on interest rates, home prices, and consumer credit conditions, so a housing downturn or rising defaults would pressure origination volume and credit losses. The stock trades at a high earnings multiple and has been extremely volatile (falling from roughly $78 in January 2026 to the low $30s), meaning the price already assumes strong future growth and can move sharply on sentiment. Finally, as a young public company with a founder-led governance structure and concentrated insider ownership, execution and key-person risk around co-founder Mike Cagney are meaningful.

7 analysts publish price targets on FIGR, averaging $51.00 against a $24.91 price as of August 2026, or +104.7%. The published targets run from $31.00 to $67.00, a wide spread, and the ratings split 6 buy, 0 hold, 1 sell. Over the last six months there has been 1 raise and 8 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full FIGR forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Figure Technology Solutions, In. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. HELOC origination scale and market leadership. Figure is the largest non-bank HELOC originator in the U.S., and its origination volume has grown quickly, with roughly $2.4 billion in HELOC lending in the third quarter of 2025 alone. The most optimistic published target, $67.00, assumes this works close to its best case.

The case against. Figure carries elevated, above-average risk for a recently public company. The most pessimistic target, $31.00, is roughly what FIGR is worth if this bites instead.

Read the full bull and bear case on FIGR, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Figure Technology Solutions, In's investor relations page or your broker.

• Revenue (TTM): ~$510 million (up ~74%)
• Net Income (TTM): ~$108 million
• Full-Year 2024 Revenue: ~$293 million
• P/E Ratio (trailing): ~54 (forward ~30)
• Market Capitalization: ~$6.9 billion
• Stock Price: ~$31 (down from a ~$78 high in Jan 2026)
• IPO (Sep 2025): ~$25 per share, ~$788 million raised

As of July 2026, Figure trades at a high trailing earnings multiple (around 54 times earnings), which reflects investor expectations of continued rapid growth rather than a value valuation. Revenue and net income have grown quickly since the September 2025 IPO, but the shares have been highly volatile, falling from roughly $78 in January 2026 to the low $30s amid a short-seller report and a data breach. Figures are approximate and change with each earnings release and with the stock price.

If you want FIGR exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

Other names that sit close to FIGR: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get FIGR exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (BLOK), which spreads the position across many companies. Or build it into a focused thematic portfolio, so FIGR sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where FIGR fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Figure is a fast-growing, currently profitable fintech lender that went public in September 2025, but it carries above-average controversy for a recent IPO, including a short-seller report challenging its blockchain claims and a 2026 data breach, so the stock has been volatile.

Whether FIGR is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is FIGR a buy or a sell?, and where the stock could go from here in the FIGR stock forecast.

For income investors, whether FIGR pays a dividend and how the payout looks is covered in does FIGR pay a dividend? And to weigh FIGR against a peer, read the full side-by-side comparisons: FIGR vs RKT and FIGR vs SOFI.