Figure Technology Solutions, In (FIGR) Stock Price & How to Invest
Short answer
You can invest in Figure Technology Solutions (FIGR) by buying shares or fractional shares at any major broker, or as one holding in a thematic basket. Figure is a blockchain-native fintech that has become the largest non-bank originator of home equity lines of credit (HELOCs) in the United States, and it runs a loan marketplace, Figure Connect, that connects loan origination to capital-markets funding.
FIGR stock price
As of 2026-07-08, Figure Technology Solutions, In (FIGR) last closed at $30.65, down 1.5% over the past year. Over its trading history so far it has traded between $25.28 and $73.91.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Figure Technology Solutions, In's investor relations page. Walnut is informational, not investment advice.
What does Figure Technology Solutions, In (FIGR) do?
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.
What's driving Figure Technology Solutions, In (FIGR)?
1. 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. At the end of that quarter it serviced more than 302,000 HELOCs with an unpaid principal balance of about $11.1 billion. Because home equity is a large and under-tapped market when mortgage rates keep homeowners from refinancing, continued origination growth is the central driver of revenue.
2. Figure Connect marketplace and capital-markets flywheel.
Figure Connect, launched in June 2024, lets Figure and third parties buy and sell loans in a standardized electronic marketplace, and the company reported over $1.15 billion in whole loan sales executed on the platform in March 2026 alone. If more originators and buyers join, Figure can earn fees on transaction volume it does not fund itself, turning it into a marketplace and technology business rather than only a balance-sheet lender. This capital-light distribution is what management frames as its long-term advantage.
3. Profitability and revenue growth.
Figure turned profitable as it scaled, reporting net income of roughly $89.8 million in the third quarter of 2025 and trailing-twelve-month net income above $100 million by mid-2026, with revenue growing at a high double-digit rate. Sustained profitability at a young fintech is unusual and, if it continues, supports the case that the model can fund its own growth. The durability of these margins through a full rate and credit cycle is still unproven.
4. Expansion into new lending and crypto-native products.
Figure has broadened beyond HELOCs through its Kiavi acquisition (residential real estate investor lending) and a suite of blockchain-linked products including Democratized Prime, the YLDS yield-bearing stablecoin, and the OPEN equity network. Each new product is a potential additional revenue line that leverages the same origination and marketplace infrastructure. Adoption of these newer products, however, is early and less proven than the core HELOC business.
What are the risks to Figure Technology Solutions, In (FIGR)?
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.
How is Figure Technology Solutions, In (FIGR) valued? (approximate, July 2026)
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.
Who competes with Figure Technology Solutions, In (FIGR)?
Fintech and non-bank home lenders
Rocket Companies (Rocket Mortgage), SoFi Technologies, and other digital lenders compete for HELOC and mortgage-related origination. Rocket, for example, offers larger maximum HELOC lines but slower funding timelines, while Figure competes on speed (funding in days) and its marketplace distribution model.
Traditional banks and credit unions
Large banks such as Bank of America, Wells Fargo, and U.S. Bank, along with regional banks and credit unions, are the incumbent providers of home equity products. They hold funding-cost advantages from deposits but generally offer slower, more paperwork-heavy processes than Figure's technology-driven flow.
Blockchain and capital-markets infrastructure firms
For its marketplace and tokenized-asset ambitions, Figure competes with other blockchain-based lending and real-world-asset platforms as well as traditional loan-trading and securitization channels. This is where the short-seller debate centers, on how much genuine advantage the blockchain layer provides versus conventional loan marketplaces.
How to invest in Figure Technology Solutions, In (FIGR)
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, which spreads the position across many companies. Or build it into a focused thematic basket, so FIGR sits alongside other stocks that express the same thesis.
Walnut takes the basket 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.
The bottom line on Figure Technology Solutions, In (FIGR)
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.
More on Figure Technology Solutions, In (FIGR)
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?, 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?
Build a basket around FIGR with Walnut
Use Figure Technology Solutions, In as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does Figure Technology Solutions do?
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Figure is a financial technology company that originates and distributes loans, with home equity lines of credit (HELOCs) as its core product. It runs a loan marketplace called Figure Connect and uses blockchain-based infrastructure to track and transfer loans, and it is the largest non-bank provider of home equity financing in the U.S.
When did FIGR go public?
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Figure Technology Solutions listed on the Nasdaq Global Select Market under the ticker FIGR on September 11, 2025. It priced its IPO at $25 per share, sold about 31.5 million Class A shares, and raised roughly $788 million.
Is Figure profitable?
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Yes. As of mid-2026 Figure reported trailing-twelve-month revenue of about $510 million and net income above $100 million, and it posted roughly $89.8 million of net income in the third quarter of 2025. Sustained profitability is unusual for a young fintech, though its durability through a full cycle is unproven.
Why has FIGR stock been so volatile?
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Shares ran up to roughly $78 in January 2026 and then fell toward the low $30s. The drop followed an April 2026 short-seller report from Morpheus Research disputing Figure's blockchain claims, a February 2026 data breach, and the general volatility of a high-multiple, recently public growth stock.
What is the short-seller report about?
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In April 2026, Morpheus Research published a report arguing that Figure overstates how central blockchain is to its loan origination and that several crypto-native products have stalled, and it disclosed a short position. Figure disputed the report, pointing to marketplace loan-sale volume and its governance structure, and the debate remains unresolved.
Who runs Figure and who founded it?
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Figure was co-founded by Mike Cagney, who also co-founded SoFi. Founder-led governance and concentrated insider ownership mean key-person risk around Cagney is a meaningful factor for investors to weigh.
Who are Figure's main competitors?
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In lending, Figure competes with fintech and non-bank lenders like Rocket Companies and SoFi, and with traditional banks and credit unions that offer home equity products. In its marketplace and tokenized-asset ambitions, it competes with other blockchain-based lending platforms and conventional loan-trading channels.
How can I invest in FIGR?
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You can buy FIGR shares or fractional shares through any major U.S. brokerage, or hold it as one position within a thematic basket. Walnut is not an investment adviser, so consider position sizing, the stock's volatility, and the disclosed risks before investing, and do your own research.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Figure Technology Solutions, In's investor relations page or your broker before making investment decisions.