What is the 13F Pro Quality Score for FIGR?

13F Pro ranks Figure Technology Solutions, Inc. (FIGR) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View FIGR's current score at https://13fpro.ai/company/FIGR (free sign-up required for the full ranking).

Which hedge funds own the most FIGR stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of FIGR include Ribbit Management Company,, JPMORGAN CHASE & CO, FMR. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/FIGR as soon as new 13F filings post.

Where does 13F Pro source FIGR data?

All Figure Technology Solutions, Inc. fundamentals and ownership data come directly from SEC EDGAR. Figure Technology Solutions, Inc. files with the SEC under CIK 2064124. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is FIGR in?

Figure Technology Solutions, Inc. (FIGR) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives FIGR's revenue?

Per Figure Technology Solutions, Inc.'s latest 10-Q filed with the SEC on 2026-08-14, the biggest revenue drivers are: Ecosystem and technology fees ($72.9M, +158.9% YoY); Gain on sale of loans, net ($57.6M, +58.5% YoY); Origination fees ($26.3M, +62.1% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/FIGR.

What are FIGR's largest expenses?

Figure Technology Solutions, Inc.'s latest 10-Q reports these as the largest expense items: General and administrative ($51.4M, +213.6% YoY); Operations and processing ($28.9M, +100.1% YoY); Sales and marketing ($30.7M, +81.2% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is FIGR research updated on 13F Pro?

FIGR's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Figure Technology Solutions, Inc.(FIGR)Stock Analysis

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13F Pro Quality Score

77.1/100

Rank #73 of 2,961 stocksTOP 5%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

96.3/100

Profitability

91.5/100

Balance Sheet

80.3/100

Earnings Quality

10.2/100

Free Cash Flow

15.6/100

Institutional Flow

95.1/100

Revenue Scale

43.1/100

Dilution Risk

14.1/100

Email me the moment this company reports earnings

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Why FIGR Scores 77/100

exact factor attribution · 2026-09-11

FIGR's composite is driven by revenue growth and profitability, held back by free cash flow and earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+12.3 pts

96th pct

Profitability

+8.3 pts

92th pct

Capital efficiency

+4.0 pts

80th pct

Earnings growth

+3.2 pts

98th pct

Institutional flow

+3.0 pts

95th pct

Scale

-1.4 pts

43th pct

Shareholder dilution

-2.4 pts

14th pct

Earnings quality

-4.0 pts

10th pct

Free cash flow

-5.2 pts

16th pct

Latest change (2026-08-14): 44 → 60 · ↑ Profit margin 30→71; ↑ Capital efficiency 30→56; despite ↓ Free cash flow 30→17

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

Unusual Activity in FIGR

Events flagged as statistical outliers against FIGR's own multi-year baseline — not fixed dollar thresholds.

Score shock2026-08-14
FIGR quality score jumped 16 points (44→60) on a new filing
View source filing →

FIGR Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Figure Technology Solutions, Inc. (FIGR), a Financials sector company. 13F Pro's AI-powered ranking engine scores FIGR at 77.1/100 on a 32-signal composite quality model, placing it at rank #73 of 2,961 stocks — the top 5% of the AI-ranked universe. FIGR scores in the top quartile across revenue growth (96.3), institutional flow (95.1), profitability (91.5). Areas of concern include earnings quality (10.2) and free cash flow (15.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 14.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Figure Technology Solutions, Inc. reports quarterly revenue of $225.6M, net income of $87.4M. Top institutional holders of FIGR by reported 13-F value include Ribbit Management Company, JPMORGAN CHASE, FMR, based on the most recent SEC filings. FIGR trades on the Nasdaq exchange and files with the SEC under CIK 2064124. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FIGR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Figure Technology Solutions, Inc. directly from SEC EDGAR. Figure Technology Solutions, Inc.'s 13F Pro composite quality score has ranged between 56 and 77 since 2026, currently 77.1 — an improving long-term trajectory across 19 quarterly and live scoring snapshots.

What's Driving FIGR's Business? Latest 10-Q Breakdown

✓ 45/45 datapoints verified

AI-extracted from Figure Technology Solutions, Inc.'s 10-Q filed 2026-08-14 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Figure Technology Solutions Q2 revenue surged 112.7% YoY to $225.6M driven by 261.7% growth in Figure Connect volume and ecosystem fees; net income more than doubled to $87.4M.

Biggest Revenue Drivers

Ecosystem and technology fees$72.9M+158.9% YoY

Growth of 261.7% in Figure Connect Volume and $1.4B increase in securitization volume.

Gain on sale of loans, net$57.6M+58.5% YoY

Increase in UPB of loans sold from $1.1B to $2.5B and fair value gains on loans held.

Biggest Revenue Drivers

Total revenue: $225.6M+112.7% YoY

Ecosystem and technology fees$72.9M+158.9% YoY

Growth of 261.7% in Figure Connect Volume and $1.4B increase in securitization volume.

Gain on sale of loans, net$57.6M+58.5% YoY

Increase in UPB of loans sold from $1.1B to $2.5B and fair value gains on loans held.

Origination fees$26.3M+62.1% YoY

38.7% increase in transaction volume and higher weighted average fees from Figure-branded mix.

Gain on servicing asset, net$29.1Mn.m.

$17.0M increase from new servicing assets retained on higher loan sales and $14.2M from favorable valuation changes.

Interest income$22.8M+90.6% YoY

$5.5M increase in interest on cash balances and $3.7M from HELOCs.

Largest Expense Items

General and administrative$51.4M+213.6% YoY

$21.8M increase in stock-based compensation from IPO liquidity event and increased headcount.

Operations and processing$28.9M+100.1% YoY

$11.0M increase in processing fees from 131.7% volume growth and $3.4M from higher headcount.

Sales and marketing$30.7M+81.2% YoY

$10.6M increase in advertising from 68.2% Figure-branded volume growth and $2.4M from 117% headcount increase.

Interest expense$19.7M+58.9% YoY

$7.3M increase from Democratized Prime growth and $3.2M from Retained Interest Facility.

Margins: Adjusted EBITDA margin improved to 54.6% in Q2 2026 from 47.2% in Q2 2025, driven by operating leverage from ecosystem and technology fee revenue scaling faster than operating expenses, despite significant stock-based compensation increases from IPO-related awards.

Watch Items from the Filing

Top five loan purchasers represented 54.4% of total UPB of loans sold for H1 2026 (down from 45.8% in H1 2025), indicating meaningful customer concentration risk.
Debt outstanding increased 72.8% to $963M through June 30, 2026, driven primarily by $278.1M increase in YLDS (liabilities to Democratized Prime lenders), exposing the company to reliance on crypto-based funding.
Figure REIT, Inc. was deconsolidated on March 27, 2026 following merger into VS Evergreen Acquisition Co. L.P., reducing noncontrolling interests from $8.4M to near zero.
On July 14, 2026 (post-quarter), Company issued $600M in 8.50% Senior Notes due 2031 to fund Kiavi acquisition ($532.4M consideration), doubling debt maturities concentration in 2031.
Ecosystem volumes are heavily dependent on Figure Connect platform; Partner-branded volume grew 151% QoQ, but concentration of origination among top five originators at 40.2% of volume creates origination risk.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$225.6M

Net Income

Q2 2026

$87.4M

ROIC

Q2 2026

13.1%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+48.7% YoY

$506.9MFY 2025

FY22 —FY23 $209.5MFY24 $340.9MFY25 $506.9M

Net Income

+677.6% YoY

$133.9MFY 2025

FY22 —FY23 $-47.9MFY24 $17.2MFY25 $133.9M

Operating Income

+1172.6% YoY

$117.5MFY 2025

FY22 —FY23 $-49.4MFY24 $9.2MFY25 $117.5M

EPS (Diluted)

$0.44FY 2025

FY22 —FY23 $-0.93FY24 $0.00FY25 $0.44

Total Assets

+99.9% YoY

$2.32BFY 2025

FY22 —FY23 —FY24 $1.16BFY25 $2.32B

Total Debt

-28.4% YoY

$557.2MFY 2025

FY22 —FY23 —FY24 $778.5MFY25 $557.2M

Op. Cash Flow

+149.3% YoY

$62.6MFY 2025

FY22 —FY23 $-33.4MFY24 $-127.0MFY25 $62.6M

Metric	FY 2025	FY 2024	FY 2023	FY 2022
Revenue	$506.9M +48.7%	$340.9M +62.7%	$209.5M	—
Net Income	$133.9M +677.6%	$17.2M +135.9%	$-47.9M	—
Operating Income	$117.5M +1172.6%	$9.2M +118.7%	$-49.4M	—
EPS (Diluted)	$0.44	$0.00 +100.0%	$-0.93	—
Total Assets	$2.32B +99.9%	$1.16B	—	—
Total Debt	$557.2M -28.4%	$778.5M	—	—
Operating Cash Flow	$62.6M +149.3%	$-127.0M -280.8%	$-33.4M	—

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Available Research

13F Pro tracks comprehensive data for Figure Technology Solutions, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of FIGR

Ribbit Management Company, LLC
$345.6M11,253,191 sh
JPMORGAN CHASE & CO
$305.1M11,265,630 sh
FMR LLC
$297.5M9,686,887 sh
BlackRock, Inc.
$154.3M5,025,758 sh
FRED ALGER MANAGEMENT, LLC
$153.7M5,006,052 sh
Morgan Creek Capital Management, LLC
$136.4M4,442,317 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$131.9M4,295,763 sh
BIT Capital GmbH
$117.7M3,832,200 sh
VANGUARD CAPITAL MANAGEMENT LLC
$116.3M3,785,625 sh
MORGAN STANLEY
$115.1M3,747,081 sh

Fund	Value	Shares
Ribbit Management Company, LLC	$345.6M	11,253,191
JPMORGAN CHASE & CO	$305.1M	11,265,630
FMR LLC	$297.5M	9,686,887
BlackRock, Inc.	$154.3M	5,025,758
FRED ALGER MANAGEMENT, LLC	$153.7M	5,006,052
Morgan Creek Capital Management, LLC	$136.4M	4,442,317
VANGUARD PORTFOLIO MANAGEMENT LLC	$131.9M	4,295,763
BIT Capital GmbH	$117.7M	3,832,200
VANGUARD CAPITAL MANAGEMENT LLC	$116.3M	3,785,625
MORGAN STANLEY	$115.1M	3,747,081

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Is FIGR a good stock to buy?

13F Pro's AI-powered analysis of Figure Technology Solutions, Inc. (FIGR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FIGR are available on the FIGR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. FIGR is classified as a mid company.

Which hedge funds own FIGR?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FIGR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Figure Technology Solutions, Inc.'s investment landscape.