Crypto: Figure Technology Stock Crashes 20% Following Mixed Q4 Earnings

The blockchain-based lending platform beat revenue estimates but fell short on earnings, even as annual profit reached $134 million.

Shares of Figure Technology Solutions, a blockchain-based consumer lending marketplace, plunged on Friday after the company reported mixed fourth-quarter results the prior day, signaling a more difficult operating environment even as revenue continued to climb.

For the quarter ended Dec. 31, the company posted revenue of $159.9 million, up from $83.9 million a year earlier, and net income of $15.1 million, compared with $5.9 million in the same period of 2024. Earnings were $0.06 per diluted share, compared to zero a year earlier.

Analysts polled by Yahoo Finance expected earnings of $0.18 per share on revenue of $157.7 million.

Growth was driven by increased lending activity. Consumer Loan Marketplace volume, which reflects total loans originated and traded on the platform, reached $2.7 billion during the quarter, up from $1.2 billion a year earlier.

For the full year, net income totaled $134.3 million, up from $19.9 million in 2024, while revenue reached $506.9 million, compared with $340.9 million a year earlier.

The company also authorized a share repurchase program allowing it to buy back up to $200 million of its stock over the next 12 months.

Shares fell about 20% to $27.12 in morning trading on Friday following the earnings release.

Related: Figure Technology unveils blockchain platform for direct stock lending: Report

Figure began trading on the Nasdaq in September after pricing its initial public offering at $25 per share, raising nearly $800 million. The stock rose more than 24% on its first day of trading and climbed to a high near $74 in January, before retreating.

Source: CoinTelegraph