The revenue beat and strong volume growth are positive, but the EPS miss vs consensus and the stock's OTC listing status create uncertainty. Monitor the Q2 guidance execution closely — if Consumer Loan Marketplace volume hits the $4.1B high end, it would validate the growth narrative. The stock's 80% analyst bullish rating suggests high expectations; any miss on volume guidance in Q2 could trigger a sharp selloff.
Price Chart
Executive Summary
Figure Technology Solutions reported Q1 2026 GAAP EPS of $0.18 (diluted), a massive beat vs the $0.23 consensus estimate (which appears to be a different metric — GAAP diluted EPS of $0.18 is actually a beat of $0.05 vs consensus $0.23, or -21.7% miss if using the Street-convention $0.06 from Q4). Revenue of $167M crushed the $159.5M consensus by 4.7%, driven by 113% YoY growth in Consumer Loan Marketplace volume to $2.9B. The company initiated Q2 2026 guidance for Consumer Loan Marketplace volume of $3.8-$4.1B, implying continued strong growth, but the EPS miss vs consensus and the stock's OTC listing status temper the bullish narrative.
Key Financial Metrics
Key Facts
- Q1 2026 GAAP net revenue $167M, +97.6% YoY from $84.5M
- GAAP net income $45M vs $(0.6M) loss in Q1 2025; net income margin 27.0%
- GAAP diluted EPS $0.18 vs $(0.01) in Q1 2025
- Adjusted EBITDA $82.7M, +191.8% YoY; Adjusted EBITDA margin 49.6%
- Consumer Loan Marketplace volume $2.9B, +112.6% YoY
- Figure Connect volume $1.6B, +237.3% YoY, now 56% of total marketplace volume
- Added record 80 new partners in Q1; 387 active partners total
- Cash and equivalents $1.5B; loans held for sale $504M
- Initiated Q2 2026 guidance: Consumer Loan Marketplace volume $3.8-$4.1B
- EPS of $0.06 in Q4 2025 vs consensus $0.13; Q1 2026 GAAP diluted EPS $0.18 vs consensus $0.23 (consensus may be for a different metric)
Financial Impact
Revenue beat consensus by ~$7.5M (4.7%); GAAP diluted EPS of $0.18 vs consensus $0.23 (21.7% miss vs consensus, but GAAP profitability vs year-ago loss is a major improvement)
Risk Factors
- EPS miss vs consensus may pressure the stock despite strong revenue growth
- OTC listing status limits institutional buying and adds volatility
- Q2 2026 volume guidance of $3.8-$4.1B implies deceleration from Q1's $2.9B run rate (annualized ~$11.6B vs guided $15.2-$16.4B annualized — actually implies acceleration)
- Stock-based compensation of $25.9M in Q1 is dilutive to shareholders
- Dual-class structure concentrates voting control
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3292425 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 22d ago | Press Release | $36.57 $33.71 | ▼ −7.82% | ▼ −7.32% | $28.53 (−21.99%) |
Sep 10, 2026 23d ago | 144 | $36.57 $33.71 | ▼ −7.82% | ▼ −7.32% | $28.53 (−21.99%) |
Sep 1, 2026 4w ago | 8-K | $33.70 $38.12 | ▲ +13.12% | ▲ +13.03% | $28.53 (−15.34%) |
Aug 18, 2026 6w ago | Insider Cluster | $35.52 $41.14 | ▲ +15.82% | ▲ +16.02% | $28.53 (−19.68%) |
Aug 16, 2026 6w ago | Institutional Cluster | $35.76 $38.64 | ▲ +8.07% | ▲ +9.26% | $28.53 (−20.21%) |
Jul 15, 2026 11w ago | Press Release | $30.87 $29.24 | ▲ +5.28% | ▲ +3.61% | $28.53 (+7.58%) |
Jul 7, 2026 12w ago | Press Release | $30.65 $29.96 | ▼ −2.25% | ▼ −3.11% | $28.53 (−6.92%) |
Jul 6, 2026 12w ago | 8-K | $34.41 $31.80 | ▼ −7.58% | ▼ −8.07% | $28.53 (−17.09%) |
Jun 11, 2026 16w ago | Institutional Cluster | $28.15 $27.40 | ▼ −2.66% | ▼ −3.10% | $28.53 (+1.35%) |
Jun 11, 2026 16w ago | Institutional Cluster | $28.15 $27.40 | ▼ −2.66% | ▼ −3.10% | $28.53 (+1.35%) |
US Market Status
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