Overview
- Figure reported third‑quarter EPS of $0.34 versus $0.15 expected on revenue of $156.37 million, with net income up 227% year over year and an adjusted EBITDA margin of 55%.
- Consumer loan marketplace volume reached about $2.5 billion in Q3, including $1.1 billion via Figure Connect, which the company said is now expected to account for roughly 60% of loan volume, up from 46% in the prior quarter.
- Shares rose as much as 15% to $46.46 on Monday and were recently up about 10% near $44.45, leaving the stock up roughly 44% since its September Nasdaq debut.
- A Friday 13F filing showed Stanley Druckenmiller’s Duquesne Capital bought more than 2.1 million FIGR shares, a stake worth about $77 million representing roughly 1.9% of his portfolio.
- Analysts at Mizuho and BofA raised price targets to $56 and $47, respectively, with notes highlighting the capital‑light HELOC model and the launch of YLDS, a yield‑bearing stablecoin on the Provenance blockchain.