Shares of Figure Technology Solutions (Nasdaq: FIGR) rose about 2% in early Friday trading to roughly $34.50 after the blockchain-focused lending and capital markets firm released preliminary fourth-quarter results alongside plans for a secondary stock offering.
The stock has now largely returned to levels seen just after Figure’s September 2025 IPO, when shares debuted at $25 and closed their first trading day near $31.
Figure said it expects fourth-quarter revenue between $158 million and $162 million, ahead of Wall Street’s $154 million estimate. Adjusted EBITDA is expected to be between $80 million and $83 million, roughly in line with analyst forecasts. The company also posted strong growth in its consumer loan marketplace, with quarterly volumes rising 131% year over year.
The updated figures were disclosed in a prospectus tied to a secondary stock offering launched Thursday, where existing shareholders bundle and sell shares to new investors.
Figure said up to 4.23 million shares of its blockchain-native common stock could be sold in the deal. At the same time, the company plans to repurchase up to $30 million of stock from underwriters using cash on hand, a move VanEck Head of Digital Asset Research Matthew Sigel described as “small but symbolic” support for the shares.
Figure’s expansion plans
The company has been positioning itself as a major player in emerging blockchain-based credit and capital markets infrastructure.
Analysts generally see Figure’s near-term performance driven by continued growth in its onchain credit marketplace, which generates the bulk of the company’s revenue today. Newer initiatives, including the recently launched OPEN network that allows equities to be issued and traded directly on blockchain infrastructure, are viewed more as longer-term expansion opportunities.
The platform is also designed to move stock lending onchain, allowing investors to lend and borrow shares without relying as heavily on traditional prime brokers.
Analysts say those efforts could eventually expand Figure’s addressable market and create new revenue streams, but are unlikely to materially impact earnings in the near term.
The company is scheduled to host an earnings call later this month, when it is expected to provide finalized fourth-quarter results and updated outlook commentary.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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