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Bitcoin ATM at the Arturo Soria Plaza Shopping Centre on December 8, 2025, in Madrid, Spain (Cristina Arias/Getty Images)

Figure Technology sinks after mixed Q4 results

These Q4 figures were slightly below the midpoints of the preliminary results released earlier this month.

Luke Kawa

Figure Technology Solutions released Q4 results after the close on Thursday that weren’t much of a surprise, despite a key executive flagging the event as a potential major catalyst for the company.

Shares slumped 6% in trading early Friday.

The Q4 numbers:

  • Revenue: $159.9 million (estimate: $156.2 million)

  • Adjusted EBITDA: $81.3 million (estimate: $81.5 million)

On Sunday, the cofounder tweeted this ahead of earnings, seemingly implying that these numbers might kick off a short squeeze (while also saying he was not trying to cause such an event):

The firm already released preliminary ranges for these results on February 13 as management announced a non-dilutive secondary offering of blockchain-native shares, which were ultimately priced at a substantial discount and received heavy interest.

The actual Q4 figures turned out to be modestly below the midpoints of the ranges provided.

In the wake of this release, Needham analyst Kyle Peterson cut his price target on the stock to $55 from $71, while Keefe Bruyette analyst Ryan Tomasello also trimmed his to $55 from $62.

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