‘We like it more,’ Bernstein says after Figure posts 156% jump in Q4 profit
Figure Technology Solutions reported a 156% increase in Q4 profit, prompting positive analyst commentary from Bernstein.Summary
Bernstein analysts expressed a more favorable outlook on Figure Technology Solutions (FIGR) following the release of its fourth-quarter results, characterizing the numbers as “solid” and maintaining an outperform rating with a $72 price target. Figure reported $159.9 million in net revenue for Q4, within its preliminary range, and a 156% year-over-year increase in net income to $15.1 million. The company’s loan marketplace volume rose 8% to $2.7 billion, defying seasonal trends. Analysts noted progress in the tokenization strategy, with Connect volume reaching 54% of Consumer Loan Marketplace volume. Figure is also expanding into new loan categories like DSCR loans and small-business loans. Additionally, the company announced a $200 million share-repurchase program and a partnership with Agora Data to bring AI-originated auto loans onto its marketplace.
(Source：The Block)