Figure Technology Solutions shares rose about 6% to $36.10 in early Friday trading after the company released preliminary fourth-quarter results that exceeded analyst expectations.
The firm projected revenue between $158 million and $162 million for the quarter, topping the $154 million consensus estimate. Adjusted EBITDA is expected to range from $80 million to $83 million, broadly in line with forecasts.
Consumer loan originations on its marketplace jumped 131% from a year earlier, highlighting strength in its core onchain credit platform, which generates the bulk of revenue.
The update accompanied a prospectus for a secondary share offering allowing existing shareholders to sell up to 4.23 million shares. The company also plans to repurchase up to $30 million of stock from underwriters.
Investors are watching the continued expansion of Figure’s blockchain-based lending infrastructure, while longer-term initiatives such as the OPEN network for onchain equity issuance remain in development. The company is also exploring moving stock lending onto blockchain rails to reduce reliance on traditional prime brokers.
A formal earnings release and guidance update are expected later this month.