Why Figure Technology Solutions Stock Dived by Almost 26% Today

By Eric Volkman – Feb 27, 2026 at 6:22PM ESTKey PointsThe fintech's fourth-quarter bottom line wasn't nearly as high as the market expected.It did, however, post significant gains in both revenue and profitability.Investors obviously didn't figure a significant bottom-line miss was in the cards for Figure Technology Solutions' (FIGR 25.73%) final quarter of 2025. That's a key reason they traded out of the next-generation fintech company's stock on Friday. As a result, it declined by a steep 25%-plus that day. Business on the blockchain Figure, which harnesses blockchain technology to automate mortgage and home equity loan services, unveiled its fourth-quarter and full-year results after market close Thursday. The quarter saw the company earn net revenue of just under $160 million, nearly 91% higher year over year. Growth in net income according to generally accepted accounting principles (GAAP) rose even more robustly, by nearly threefold to over $15 million, or $0.06 per share. Image source: Getty Images. That meant a mixed quarter for Figure, as the consensus analyst net revenue estimate was under $158 million. However, the company whiffed notably on profitability, since those pundits were collectively modeling GAAP net income of $0.15 per share. In the earnings release, management attributed the gains chiefly to a more than doubling in volume of its consumer loan marketplace business, to $2.7 billion. A major factor in this was the take-up of its Figure Connect blockchain-native platform that brings loan originators and institutional investors together. Figure Connect's volume rose to $1.5 billion from only $8 million in the year-ago period. ExpandNASDAQ: FIGRFigure Technology SolutionsToday's Change(-25.73%) $-8.76Current Price$25.28Key Data PointsMarket Cap$7.3BDay's Range$25.09 - $31.5052wk Range$25.00 - $78.00Volume14MAvg Vol3.8M Figure on Figure Figure also announced that its board of directors had authorized a share repurchase program of up to $200 million worth of its class A and blockchain common stock. The program expires Feb. 27, 2027. I like the innovative approach of this company, and I believe moving cumbersome processes like mortgage loan sales to institutional investors has great potential for success. I wouldn't be so quick to sell out of Figure just because it fell short of last quarter's profitability expectations.About the AuthorEric Volkman is a contributing Motley Fool finance and stock market analyst. Previously, Eric was an equities analyst at European investment bank Raiffeisen Capital and Investment. He’s also been a freelance finance writer since 1995. He studied at Susquehanna University.TMFVolkmanStocks MentionedFigure Technology SolutionsNASDAQ: FIGR$25.28(-25.73%)-$8.76*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.