FIGRFigure Technology Solutions, Inc.
Loan Brokers
- Revenue
- $507M
- 49% YoY
- Operating margin
- 23.2%
- 756% YoY
- EBITDA
- $118M
- 1173% YoY
- Market cap
- $5.4B
- Employees
- 602
- $842K revenue each
- Net debt / EBITDA
- -4.0×
- −$475M net debt
- AI in 10-K
- 2.5
- mentions per 10K words
Takeover score 4 of 13
Fixable underperformance 2 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashYes47% of net incomeCash flow under 80% of net income
- Dilutive SBCYes12% of revenueOver 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo93% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$842K · 58th pctBottom quartile of its SIC industry
- Quiet on AINo2.5 per 10K words · 63rd pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 4.0× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedNo$5.4B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$153M netNet sales over $10M in 12 months
Financials
| Metric | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|
| Revenue | $210M | $341M | $507M | 49% |
| Operating income | −$49M | $9M | $118M | 1173% |
| Net income | −$48M | $17M | $134M | 678% |
| Operating cash flow | −$33M | −$127M | $63M | 149% |
| Stock-based comp | $13M | $39M | $62M | 61% |
| Buybacks | $0 | $1M | $0 | 100% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $153K · 1
- Open-market sells, 12 mo
- $153M · 105
- Net
- −$153M
Pay vs performance
No pay-versus-performance disclosure yet.