Shares of Figure Technology Solutions, a blockchain-based consumer lending marketplace, plunged Friday after the company reported mixed fourth-quarter results. The company posted revenue of $159.9 million, up from $83.9 million a year earlier, and net income of $15.1 million, compared to $5.9 million in the same period of 2024. Earnings were $0.06 per diluted share, missing analyst expectations of $0.18 per share. Growth was driven by increased lending activity, with Consumer Loan Marketplace volume reaching $2.7 billion, up from $1.2 billion a year prior.
Figure Technology Solutions began trading on the Nasdaq in September after an initial public offering that raised nearly $800 million. The stock had previously climbed to a high near $74 in January before retreating. This volatility mirrors broader trends in crypto-linked equities, which experienced sharp rallies in late 2025 before surrendering gains amid a market pullback.