Figure Technology Solutions Reports February Operating Data
Rhea-AI Summary
Figure Technology Solutions (Nasdaq: FIGR) reported select operating data for February 2026 highlighting strong growth across its marketplaces. Consumer Loan Marketplace Volume reached $896M (+127% YoY, +10% MoM). $YLDS in Circulation was $588M at month end. Democratized Prime metrics showed matched offers $369M, borrower demand $373M, and available lender supply $396M, all with double‑digit month‑over‑month gains. The company notes the data are unaudited and preliminary and subject to final quarter close and SEC filings.
Positive
- Consumer Loan Marketplace Volume $896M (+127% YoY)
- $YLDS in Circulation $588M at end of February
- Matched Offers $369M on Democratized Prime (+46% MoM)
- Available Lender Supply $396M (+51% MoM)
Negative
- Operating data are unaudited and preliminary, subject to change at quarter close
- Democratized Prime prior‑year comparatives are not meaningful (n.m.), limiting YoY context
News Market Reaction – FIGR
On the day this news was published, FIGR gained 3.31%, reflecting a moderate positive market reaction. Argus tracked a peak move of +9.1% during that session. Our momentum scanner triggered 44 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $221M to the company's valuation, bringing the market cap to $6.89B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
No peer stocks from the Loan Brokers sector appeared in the momentum scan, suggesting FIGR’s -4.21% move was driven by company-specific factors rather than a sector-wide rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 26 | AI partnership | Positive | -25.7% | Partnership to tokenize Agora auto loans and expand marketplace assets. |
| Feb 26 | Earnings and buyback | Positive | -25.7% | Strong Q4/FY 2025 results and new $200M share repurchase authorization. |
| Feb 20 | Tokenized equity trades | Positive | -11.6% | First blockchain-native equity trades on Figure’s ATS with BitGo. |
| Feb 18 | Equity offering | Neutral | -3.8% | Pricing and upsizing of secondary offering and concurrent share repurchase. |
| Feb 18 | Leveraged ETFs launch | Neutral | -3.8% | Launch of 2x leveraged ETF providing single-stock exposure to FIGR. |
Recent history shows a pattern where positive strategic or growth news has been followed by notable negative price reactions, indicating frequent divergence between fundamentals news and short-term trading.
Over the past few weeks, Figure has reported rapid growth, capital markets innovation, and equity offerings. On Feb 18, it priced and upsized a blockchain and Class A stock offering, alongside leveraged ETFs tied to FIGR. On Feb 26, it released strong Q4 and FY 2025 results and a $200M buyback plus an AI auto finance partnership. Despite these developments, shares moved lower after each release, and today’s February operating metrics arrive against that backdrop of growth news met with selling.
Market Pulse Summary
This announcement highlights continued scale in Figure’s blockchain-native marketplace, with February 2026 Consumer Loan Marketplace Volume of $896M and growing $YLDS balances of $588M. These metrics follow earlier disclosures of rapid 2025 growth and new partnerships and offerings. Investors may compare month-on-month and year-on-year volume trends, the expansion of tokenized products, and any subsequent SEC filings to gauge how this operating momentum integrates with profitability, capital structure decisions, and future disclosures of audited financials.
Key Terms
tokenized assets technical
$YLDS financial
GAAP financial
HELOCs financial
DSCRs financial
unsecured face-amount certificates financial
AI-generated analysis. Not financial advice.
NEW YORK, March 04, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions (Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets, today reported select operating data for the month ended February 28, 2026.
| Dollars in Millions | February 2026 | January 2026 | M/M Change | February 2025 | Y/Y Change | |
| Consumer Loan Marketplace Volume | $896 | 10% | 127% | |||
| $YLDS In Circulation1 | $588 | 56% | n.m. | |||
| Democratized Prime2 | ||||||
| Matched Offers Balance | $369 | 46% | n.m. | n.m. | ||
| Borrower Demand | $373 | 30% | n.m. | n.m. | ||
| Available Lender Supply | $396 | 51% | n.m. | n.m. | ||
| Dollars in Millions | January 2025 | February 2025 | March 2025 | Q1 2025 | |||
| Consumer Loan Marketplace Volume | |||||||
| $YLDS In Circulation1 | - | ||||||
| Democratized Prime2 | |||||||
| Matched Offers Balance | n.m. | n.m. | n.m. | n.m. | |||
| Borrower Demand | n.m. | n.m. | n.m. | n.m. | |||
| Available Lender Supply | n.m. | n.m. | n.m. | n.m. | |||
1 $YLDS launched in February 2025
2 Democratized Prime launched in June 2025
About Certain Operating Metrics
In order to better help understand our financial performance, we use several operating metrics, some of which are discussed below, to evaluate our business and results, measure performance, identify trends, formulate plans, and make strategic decisions. Our determination and presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP.
Consumer Loan Marketplace Volume: We define Consumer Loan Marketplace Volume as the total U.S. dollar equivalent value of originations of HELOCs, DSCRs, and personal loans on our LOS, as well as the volume of third-party loans traded on Figure Connect. We believe this measure is an indication of our scale and represents the potential revenue opportunity from the technology used for consumer credit loan originations.
$YLDS in Circulation: We define $YLDS in Circulation as the total U.S. dollar equivalent value of unsecured face-amount certificates solely backed by the assets of Figure Certificate Company (FCC), which is the issuer of the certificates. This is reported as an end of period outstanding balance.
Matched Offers: We define Matched Offers as the U.S. dollar equivalent value of offers matched between borrowers and lenders on the Democratized Prime platform. This is reported as an end of period outstanding balance.
Borrower Demand: We define Borrower Demand as the U.S. dollar equivalent value that borrowers seek to borrow from the lending pool on the Democratized Prime platform. This is reported as an end of period outstanding balance.
Available Lender Supply: We define Lender Supply as the U.S. dollar equivalent value that lenders have made available in the lending pool on the Democratized Prime platform. This is reported as an end of period outstanding balance.
Financial Disclosure Advisory
The information in this release is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on Figure’s estimates, and subject to completion of financial closing procedures. Final results for the most recent fiscal quarter, as reported in Figure’s quarterly and annual filings with the U.S. Securities and Exchange Commission (“SEC”), might vary from the information in this release. Figure may at times make revisions to prior estimates to ensure consistency across comparable periods.
Forward Looking Statements Disclaimer
This press release contains forward-looking statements intended to be covered by the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including without limitation statements regarding our future financial performance, including our expectations regarding our revenue, cost of revenue, operating expenses; our ability to determine reserves, and ability to remain profitable; our ability to maintain, expand, and enter into new relationships with partners and loan purchasers on the secondary market; our ability to broaden our network of partners; and our ability to successfully execute our business and growth strategy; marketplace volume, adoption, and liquidity, including the growth and performance of our Consumer Loan Marketplace, Figure Connect, and Democratized Prime platforms; our blockchain ecosystem and infrastructure initiatives, including our ability to expand the adoption of our blockchain-native products and services and the development and performance of our digital asset offerings; and our share repurchase program, including the timing, number of shares, and prices at which repurchases may occur. These statements involve known and unknown risks, uncertainties, and other important factors that may cause actual results to differ materially from those expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these terms, and similar expressions. Forward-looking statements are predictions based largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. These statements speak only as of the date of this press release.
Important factors that could cause actual results to differ materially include, among others: our history of losses and the risk that we may not maintain profitability; our reliance on HELOCs and exposure to fluctuations in the HELOC market and housing values; our ability to attract and retain borrowers, partners, and loan purchasers and to drive adoption of Figure-branded and Partner-branded channels including Figure Connect; loan performance and default rates and the effect of credit performance on access to and pricing of warehouse facilities, whole-loan sales, and securitizations; changes in interest rates and U.S. monetary policy that impact originations, funding costs, and investor demand; legal and regulatory risks affecting lending and mortgage-related activities and the evolving framework for digital assets, including potential changes in the characterization or regulation of certain digital assets and related products; dependence on key third-party providers including cloud, custodial, valuation, and data vendors and risks from outages or service disruptions; technology failures, cybersecurity incidents, or other operational disruptions; protection and enforcement of intellectual property; compliance with licensing, consumer protection, privacy, data security, and sanctions/AML laws, and shifting enforcement priorities at the federal and state levels; our ability to remediate previously identified material weaknesses and meet our public company reporting and internal control obligations; competition; macroeconomic and geopolitical conditions; our dual-class structure and concentrated voting control and related impacts on corporate governance; equity market volatility affecting our Class A common stock; and the other risks described in “Risk Factors” in our Quarterly Report on Form 10-Q for the period ended September 30, 2025, filed with the SEC on November 13, 2025, our final prospectus dated February 18, 2026 filed with the SEC pursuant to Rule 424(b)(4) on February 18, 2026, and in our other filings with the SEC.
About Figure Technology Solutions, Inc
Figure Technology Solutions, Inc. (Nasdaq: FIGR; OPEN: FGRS) is a blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 300 partners use its loan origination system and capital marketplace. Collectively, Figure and its partners have originated over
Figure is the market leader in real world asset (RWA) tokenization. The company has received AAA ratings from S&P and Moody’s on multiple loan securitizations, the first of its kind for blockchain finance. For more information, visit https://figure.com or follow Figure on LinkedIn.
News & Information Disclosure
Investors should note we may use our website (https://www.figure.com/), our investor relations website (https://investors.figure.com/), and the social media accounts of Figure, Figure Markets and/or Mike Cagney, our Co-Founder and Executive Chairman, as a means of disclosing information and for complying with our disclosure obligations under Regulation FD. These include X (@figure @mcagney, @figuremarkets), LinkedIn (https://www.linkedin.com/company/figuretechnologies/, https://www.linkedin.com/in/mikecagney/), Instagram (@figuretechnologies), Facebook (https://www.facebook.com/Figure/), and YouTube (@figuretechnologies). The information we post through these channels may be deemed material. Investors should monitor these channels in addition to reviewing our press releases, SEC filings, and public conference calls.
