Figure Technology Solutions, Inc. (FIGR) stock analysis
Close on Nov 11, 2026Market cap $5.43BP/E 25.2Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Weak6 of 30 checks passed
Figure Technology Solutions passes 6 of the 30 checks behind our score; 17 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 1/6
- Past performance
- 3/6
- Financial health
- 2/6
- Dividend
- 0/6
What stands out
Return on capital over 10%
Return on invested capital was 52.2%, above the 10% that usually covers the cost of capital.
Low debt
Debt is 22.4% of shareholders' equity, under the 40% we consider low.
Growing faster than the industry
Revenue grew 88.8% over the last twelve months; the Non-depository Credit Institutions median is 33.7%.
Return on equity above the industry
Figure Technology Solutions's return on equity of 26.8% is above the Non-depository Credit Institutions median of -10.4%.
What to watch
Margin of safety under 20%
The price is 138% above fair value, so there is no margin of safety.
Trading above fair value
The share price of $24.19 is above our fair value estimate of $10.17.
Debt not well covered by cash flow
Operating cash flow over the last twelve months equals -27.4% of total debt; we look for at least 20%.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.90; above 3 is the safe zone and below 1.8 the distress zone.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E above the industry
Figure Technology Solutions's P/E of 25.2 is above the Non-depository Credit Institutions median of 8.6.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B above the industry
Figure Technology Solutions's price-to-book of 3.84 is above the Non-depository Credit Institutions median of 0.97.
Trading above fair value
The share price of $24.19 is above our fair value estimate of $10.17.
Margin of safety under 20%
The price is 138% above fair value, so there is no margin of safety.
Growth1/6
Revenue growth over 3 years
Needs three years of positive revenue.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 88.8% over the last twelve months; the Non-depository Credit Institutions median is 33.7%.
Guidance issued
The latest outlook (Q3 2026 Consumer Loan Marketplace Volume, Aug 13, 2026) was issued for the first time, so it neither adds nor takes away points.
Gross margin trend
This company does not report gross profit.
Past performance3/6
Return on equity
Needs positive equity and five years of results.
Return on capital over 10%
Return on invested capital was 52.2%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Figure Technology Solutions's return on equity of 26.8% is above the Non-depository Credit Institutions median of -10.4%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin above the industry
Figure Technology Solutions's net margin of 33.5% is above the Non-depository Credit Institutions median of 10.7%.
Financial health2/6
Low debt
Debt is 22.4% of shareholders' equity, under the 40% we consider low.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt not well covered by cash flow
Operating cash flow over the last twelve months equals -27.4% of total debt; we look for at least 20%.
Interest coverage
Interest expense is not reported separately.
Short-term assets cover short-term debts
Current assets are 1.86 times current liabilities.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.90; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Figure Technology Solutions has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$10.17
The share price is 138% above this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 8.6× | – | 8.6× | $8.22 | 53% |
| EV/EBITDA | 8.2× | – | 8.2× | $12.39 | 47% |
| Fair value | $10.17 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Non-depository Credit Institutions median 8.6
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $123.83M
- Value traded per 1% price move
- $35.61M
Downside
High risk
- Typical loss in a bad month
- 50.9%
- Volatility (annualized)
- 95%
- Sharpe ratio, 1 year
- -0.42
- Beta to the S&P 500 (5Y)
- -0.69
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2022 to 2025
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +48.7% | – | – | – | |
| Operating income | +1172.6% | – | – | – | |
| Net income | +677.6% | – | – | – |
Returns and balance sheet
4 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2022 | FY2022 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | – | – | 2.20 | |
| Debt to equity | – | – | 0.19 | |
| Diluted shares | – | – | 142M |
Cash use needs five years of cash flow figures
Figure Technology Solutions does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 26.4% | 0.29× | 2.20× | 16.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$133.86M
- Cash generatingOperating cash flow above zero$62.57M
- Return on assets improvedROA up on the prior year– → 11.5%
- Earnings backed by cashOperating cash flow above net income$62.57M vs $133.86M
- Less leverageLong-term debt to assets fell14.5% → 9.9%
- Better liquidityCurrent ratio rose1.37 → 2.20
- No dilutionShare count did not rise73M → 142M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose– → 0.44
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