The blockchain-based lending company made more money than expected but less than expected in profits, even though its yearly profit was $134 million.
Shares of Figure Technology Solutions, a blockchain-based marketplace for consumer loans, fell sharply on Friday after the firm released mixed fourth-quarter results the day before. This showed that the business environment was getting tougher, even while revenue kept going up.
The company made $159.9 million in sales during the quarter that ended on December 31, 2021, up from $83.9 million the year before. It also made $15.1 million in net income, up from $5.9 million in the same quarter of 2024. Earnings were $0.06 per diluted share, which is more than zero a year ago.
Yahoo Finance asked analysts what they thought about earnings of $0.18 per share on sales of $157.7 million.
Growth resulted from making more loans. The Consumer Loan Marketplace platform transacted and made a total of $2.7 billion in loans during the quarter. This total is up from $1.2 billion a year earlier.
Net income for the whole year was $134.3 million, up from $19.9 million in 2024. Revenue was $506.9 million, up from $340.9 million a year earlier.
The business also approved a scheme to buy back its shares, which will let it buy back up to $200 million worth of stock over the following year.
After the results report came out, shares dropped almost 20% to $27.12 in morning trading on Friday.
Source: Yahoo Finance
Volatility returns to crypto-linked IPOs
Figure started trading on the Nasdaq in September after selling its first public offering at $25 per share, which brought in around $800 million. The stock went up more than 24% on its first day of trade. In January, it hit a high of about $74 before falling back down.
Figure’s stock price since its IPO has been very volatile, like many other crypto-linked stocks. Many of these stocks rose quickly in late 2025 but then lost ground when the overall crypto market fell.
Shares of the cryptocurrency exchange Gemini Space Station (GEMI) soared on its first day on Nasdaq on September 12 after its initial public offering (IPO) price was set at $28 per share. On its first day of trading, the stock momentarily rose above $40, but as of this writing, it has dropped to about $5.94.
Circle, the company that makes stablecoins, too had a rocky start. The firm went public on June 5 after raising its IPO size to $1.05 billion. It sold 34 million shares at $31 each, which was more than its original goal of 24 million shares priced between $24 and $26.
On its first day of trading, Circle’s shares jumped 167%, starting at $69 and rising as much as 235% over the day before ending at $82. Yahoo Finance says that the stock hit an all-time high of $263.45 on May 25, but then fell back to about $83, which is about 70% of its value.