Figure Technology Solutions Inc. Modest Top-Line Beat

Goldman Sachs reiterated its Buy rating on Figure Technology Solutions (FIGR) and raised its price target to $49 following a 1Q26 earnings beat and strong forward loan volume guidance. The outlook is supported by a growing partner network and a shift toward higher-margin, capital-light business lines.

Key Takeaways

• 1.FIGR reported a modest 1Q26 top-line beat with EPS of 18¢ vs 17¢ expected, driven by higher revenue and marketplace volumes.
• 2.The company provided strong 2Q26 consumer loan marketplace volume guidance of $3.8bn-$4.1bn, which is 13-17% above consensus.
• 3.Management reiterated a long-term >60% adjusted EBITDA margin target as the platform scales and shifts to capital-light businesses.

Table of Contents

• Revenue
• Expense and margin
• Estimates/PT changes
• Risks
• Disclosure Appendix
• Reg AC
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Company-specific regulatory disclosures
• Distribution of ratings/investment banking relationships
• Price target and rating history chart(s)
• Target price history table(s)
• Regulatory disclosures
• Additional disclosures required under the laws and regulations of jurisdictions other than the United States
• Ratings, coverage universe and related definitions
• Global product; distributing entities
• General disclosures

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial