Figure (FIGR)
Connects loan origination, capital distribution, and blockchain-based digital-asset markets.
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A technology-enabled loan-origination system is paired with Figure Connect, a marketplace that links originators with capital-markets partners. The platform also operates blockchain-based digital-asset and credit exchange products, including interest-bearing stablecoin deposits.
Technology-enabled loan origination is paired with Figure Connect, a distribution marketplace that provides access to capital-markets partners. Together, this Technology Offering connects consumer-credit origination, funding, and loan distribution through a single system.
Blockchain technology also underpins an exchange for digital assets and credit. Products include interest-bearing stablecoin deposits, extending the platform beyond its core consumer-loan marketplace and into tokenized market activity.
Formed through the recombination of the loan marketplace with Figure Markets, the current structure combines consumer-credit distribution with a digital-asset and credit exchange. The business is shaped by the use of blockchain-based products to promote efficiency and liquidity in financial markets.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | Bank of America Securities | Upgrade | Rating: — | |
| Sep 9, 2026 | B of A Securities | Upgrade | ||
| Jul 15, 2026 | Piper Sandler | Reiterate | Rating: —Target: $75 | Target: $65 |
| Mar 10, 2026 | Mizuho Securities | Target | Target: $65 | Target: $55 |
| Feb 13, 2026 | Goldman Sachs | Target | Target: $57 | Target: $49 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.44B · Total debt $1.47B · Total assets $3.02B · Shareholders' equity $1.41B
- Revenue
- $188.2M
- Operating income
- $97.1M
- Net income
- $87.4M
No dividends on record.
| Institutions | ≈ 52.41% | 117.59M shares | |
|---|---|---|---|
| 333 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 26.37% | 59.17M shares | |
| 9 holders · as of Sep 15, 2026 | |||
| Strategic holders | 7.42% | 16.66M shares | |
| 1 holder · as of Sep 16, 2025 | |||
| Other | ≈ 13.80% | 30.96M shares | |
| remainder | |||
224.38M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (224.38M in the company's Sep 23, 2026 report, 182.62M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Michael Scott Cagney1,2,3Insiderdirector, 10 percent owner | 23.23% | 53.70M A | filed Sep 14, 2026 |
DCM International VIII, Ltd.Strategicother: Former 10% Owner | 7.42% | 16.66M A | filed Sep 16, 2025 |
JPMorgan Chase & CoInstitution | 5.02% | 11.27M A | as of Jun 30, 2026 |
Ribbit Management Company, LLCInstitution | 5.02% | 11.25M A | as of Jun 30, 2026 |
Ribbit Capital IV, L.P.Institution | 5.02% | 11.25M | filed Nov 14, 2025 |
- Michael Scott Cagney's transaction reports restate only vehicles that traded; the 2025 ownership statement (53.70M) less the 1.57M net shares sold since is used instead.
- Michael Scott Cagney reports a block also reported by Morgan Creek Capital Management, LLC; it is counted once, under Morgan Creek Capital Management, LLC.
- Michael Scott Cagney reports a block also reported by Vanguard Portfolio Management LLC; it is counted once, under Vanguard Portfolio Management LLC.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Minchung Kgil | officer: Chief Financial Officer | −8,000 | $38.69 |
| Aug 14, 2026 | David Todd Stevens | officer: Chief Capital Officer | −47,650 | $31.38 |
| Aug 12, 2026 | Minchung Kgil | officer: Chief Financial Officer | −4,000 | $30.03 |
| Jul 24, 2026 | Minchung Kgil | officer: Chief Financial Officer | −4,000 | $28.13 |
| Jun 30, 2026 | Minchung Kgil | officer: Chief Financial Officer | −4,000 | $30.03 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Figure | $35.21 | −5.12% | $6.78B | 48.8 | 26.4 | 9.5 | +95.2% |
| Rocket Companies | $12.45 | −2.28% | $35.98B | 87.3 | 17.4 | 3.7 | +113.7% |
| Coinbase | $199.53 | −0.77% | $53.05B | — | 305.2 | 9.6 | −18.5% |
| Upstart | $25.63 | −1.33% | $2.49B | 50.8 | 18.2 | 1.9 | +41.8% |
| Blend Labs | $1.13 | −3.85% | $283.3M | — | 28.8 | 2.2 | +7.3% |
| Pagaya Technologies | $18.57 | −10.59% | $1.73B | 15.2 | 7.4 | 1.3 | +18.6% |
| Circle | $93.50 | −1.15% | $25.28B | 50.3 | — | 8.7 | +6.6% |
| Median | 50.5 | 18.2 | 3.0 | +13.0% |