Figure Technology Q4 Results: Stock Dropped 20%

Figure Technology Solutions, a blockchain-based consumer credit marketplace, saw its shares drop 20% to $27.12 on the day it released its complex Q4 results. Revenue rose to $159.9 million (previously $83.9 million), and net profit increased to $15.1 million (previously $5.9 million). However, diluted earnings per share of $0.06 failed to meet analyst expectations of $0.18.

Details of Figure’s Q4 Revenue Growth and Volume Record

Consumer Credit Marketplace volume reached $2.7 billion (previously $1.2 billion), driving growth. Full-year revenue rose to $506.9 million, net profit to $134.3 million. The blockchain infrastructure provides transparent credit transactions via the Provenance network.

Technical Reasons for the Stock Drop and Expectation Gap

EPS disappointment, combined with the volatile crypto market, accelerated selling. It jumped from $25 in September to $74 in January after the Nasdaq IPO, and is now in consolidation. Similar downtrends are observed in blockchain tokens like ALT detailed analysis.

$200 Million Share Buyback Program

The company approved buybacks of up to $200 million over the next 12 months. This parallels news of GD Culture Group (GDC) using its 7,500 BTC reserves for a similar purpose; crypto reserves play a supportive role for the stock.

Crypto-Linked Stocks: GEMI and Circle Volatility

Gemini Space Station (GEMI) crashed from $28 to $5.94. Circle dropped to $83 after peaking at $263.45 from $31. BTC PERP rose 8.40% (from 62.401 low) giving a positive signal, but tokens like ALT are under pressure: RSI 37.25, Supertrend Bearish, EMA20 $0.0083.

ALT futures could increase volatility.

Market Context for Figure and ALT Investors

While the UAE’s $272 billion bank turns to blockchain, the overall trend is positive. Figure’s Provenance network could accelerate DeFi credit growth; the stock could recover with a BTC rally. In the short term, $25 support is critical.