Figure Technology shares tumble 20% after delivering inconsistent Q4 results
Despite surpassing revenue projections, the blockchain lending company disappointed on earnings expectations, though it managed to secure $134 million in yearly profits.
Figure Technology Solutions, a consumer lending marketplace built on blockchain infrastructure, saw its stock price collapse on Friday in the wake of releasing fourth-quarter financial results that painted a complicated picture, suggesting operational challenges persist despite continued revenue expansion.
The company's results for the three-month period ending Dec. 31 showed revenue hitting $159.9 million, a substantial increase from the $83.9 million recorded during the equivalent quarter of the previous year, alongside net income of $15.1 million, rising from $5.9 million in the corresponding 2024 period. Per-share earnings on a diluted basis came in at $0.06, versus zero during the year-ago quarter.
Wall Street analysts surveyed by Yahoo Finance had anticipated earnings of $0.18 per share alongside revenue totaling $157.7 million.
The expansion was fueled by heightened lending operations. The platform's Consumer Loan Marketplace volume, representing the aggregate value of loans both originated and exchanged through the system, climbed to $2.7 billion throughout the quarter, compared to $1.2 billion in the prior-year period.
Looking at the complete fiscal year, the company delivered net income of $134.3 million, a significant jump from the $19.9 million reported in 2024, while total revenue achieved $506.9 million, up from the previous year's $340.9 million.
Additionally, the company announced the approval of a share buyback program that permits the repurchase of up to $200 million worth of its own stock throughout the coming 12 months.
The company's stock experienced a sharp decline of approximately 20% during Friday morning trading hours, dropping to $27.12 after the earnings announcement.
Crypto stocks surged in 2025 before retracing
The company commenced trading on the Nasdaq exchange in September following the pricing of its initial public offering at $25 per share, successfully raising approximately $800 million. On its debut trading day, the stock experienced gains exceeding 24% and subsequently rallied to a peak approaching $74 in January, before beginning a downward correction.
The post-IPO performance of Figure reflects the turbulence observed throughout the broader spectrum of cryptocurrency-related stocks, numerous of which experienced dramatic rallies during the latter portion of 2025 before relinquishing those advances when the wider crypto market entered a correction phase.
The stock of cryptocurrency exchange Gemini Space Station (GEMI) experienced a significant jump during its Nasdaq launch on Sept. 12 following an IPO pricing of $28 per share. During its opening trading session, the stock momentarily exceeded $40, though it has subsequently declined to approximately $5.94, as of the time of writing.
Circle, a company specializing in stablecoin issuance, similarly faced a turbulent market debut. The firm completed its public listing on June 5, having expanded its IPO to $1.05 billion through the sale of 34 million shares at $31 apiece, exceeding its original plan of 24 million shares with a price range between $24 and $26.
During its inaugural trading session, Circle witnessed its shares skyrocket 167%, beginning the day at $69 and climbing as high as 235% during intraday trading before settling at $82. Subsequently, the stock achieved a record peak of $263.45 on May 25, before pulling back nearly 70% to trade around $83, according to data from Yahoo Finance.
