CluenexFigure Technology Solutions FIGR
Figure Technology Solutions scores good on business quality (7.4 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Figure Technology Solutions does
Figure Technology Solutions provides blockchain-based home equity lines of credit and financial technology infrastructure, connecting borrowers directly with capital markets.
- What it does best
Figure dominates digital home equity lending speed, scaling revenue growth at 48.7% compared to SoFi's 35.1%. Its Dvenues blockchain platform automates underwriting, cutting processing times down to days while peers take weeks.
- The main risk
Regulatory shifts around blockchain-based loan securitization could disrupt its funding model. A sudden change in rules risks stalling the shelf offerings it uses to maintain rapid origination volume.
Quality, check by check
Scored against its own industry, from company filings.
Net margin hits 28.1% with an operating margin of 37.1%, though negative free cash flow of $99 million shows heavy cash burn during this hyper-growth phase.
Its proprietary Provenance blockchain locks in partner financial institutions by reducing origination costs, earning an operating margin in the top quartile of its sector at 37.1%.
Revenue surged 48.7% to $709 million, sitting in the 96th percentile of its sector and accelerating well past prior annual revenue of $341 million.
Net cash of $738 million and a debt-to-equity ratio of 0.45 provide a sturdy cushion, though free cash flow sat at negative $99 million as operating cash turned negative.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on FIGR
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Figure Technology Solutions scores good on the Cluenex quality check (7.4 of 10), measured against its own industry. Profitability is fair, moat fair, growth fast and financial health strong.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Nov 13, 2026.
See FIGR today
- Today's verdict on FIGR, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Figure Technology Solutions (FIGR)”, https://cluenex.com/stocks/figr/, data as of Oct 10, 2026.