Why Is FIGURE TECHNOLOGY SO Class A (FIGR) Stock Up Today?

Figure Technology Solutions (FIGR) shares rose 6.12% to $25.67, driven by a strong third-quarter earnings report that exceeded expectations. The company reported net revenue of $287 million, an 84% year-over-year increase, and GAAP EPS of $0.36, which surpassed the estimated $0.28.

What Happened

The primary catalyst for the move was the release of Q3 2026 financial results, which highlighted significant growth in the company’s marketplace model. Fee revenue more than tripled, pulling margins higher, while marketplace volume grew by 135%. Management also announced an increase to the share buyback program by $200 million, bringing the total authorization to $400 million.

Following the earnings call, Goldman Sachs raised its price target for the stock to $36 from $35. The positive reception was reflected in the broader market coverage, with fourteen stories published across eight sources in the last 36 hours. The company’s strong performance contributed to a broader positive sentiment in the Nasdaq 100, which turned green despite a 5% drop in Nvidia shares.

What The Data Shows

Figure Technology’s market capitalization stands at $5.2 billion with a P/E ratio of 28.3. Trailing twelve-month revenue growth is 98.4%, and the net margin is 38.3%. The stock is currently trading within its 52-week range of $19.54 to $78.00. Over the last eight sessions, the stock has moved up 16.2%, rising from $22.10 to $25.67.

On the trading floor, the stock printed 15 fresh 52-week highs and 2 fresh 52-week lows on November 12, 2026. Unusual options activity showed two notable prints in the last 36 hours, with call premium at $653,000 and put premium at $692,000. The largest single print was $692,000. Recent insider activity includes two sales totaling $1.8 million in the last 90 days, with no buys recorded.

What To Watch

Investors will monitor the company’s continued execution on its marketplace growth strategy and the impact of the expanded buyback authorization. The stock’s proximity to its 52-week high of $78.00 remains a key technical level to observe as the market digests the latest earnings results.