Figure Technology Solutions Inc

BofA Securities raised its rating for Figure Technology Solutions from “Underperform” to “Neutral” and increased the price target from $31 to $49. The bank cites raising the applied P/E multiple from 17.5 to 25 and improved revenue growth forecasts through 2028 as reasons for the upgrade. Drivers include the rapid expansion of Figure Connect, which accounted for 65% of total volume in Q2/2026 and grew volume year-over-year by 132%. Analyst sentiment is shifting strongly toward buy recommendations, the stock is trading higher in premarket trading and remains well below its 52-week high. » Más en de.investing.com

Figure reported adjusted EPS of $0.35 in Q2 2026 versus consensus $0.19 and revenue of $225.59 million. Marketplace volume for consumer loans rose to $4.3 billion (+132% YoY), with Figure Connect accounting for 65% of the volume; adjusted EBITDA climbed to $119 million with a margin of 55%. Management raised the medium-term target for Figure Connect to around 70% and guided Q3 volume of $4.8–5.2 billion, but expects the take rate to be at the lower end of the range in the near term. The stock reacted only modestly in premarket trading as investors assess the sustainability of the growth and valuation questions. » Más en de.investing.com

Figure has issued a $600 million senior note due 2031 with an 8.5% coupon at 100% of par in a private placement. The expected closing date is July 14, 2026; net proceeds are estimated at about $587.5 million. Figure intends to use the proceeds to partially finance the cash portion of the acquisition of Kiavi and for general corporate purposes and related fees; the issuance is not conditioned on the closing of the acquisition. The notes are jointly and severally guaranteed by domestic subsidiaries and were offered to qualified institutional buyers under Rule 144A and to non‑US persons under Regulation S. At the end of Q1 2026, Figure reported a current ratio of 1.9 and total debt of about $1.32 billion. » Más en de.investing.com