Figure Technology Extends Post-Earnings Bid as Loan Volume Resets the Growth Debate
Figure Technology shares rose 3.7% in premarket trading after Q1 results showed consumer loan marketplace volume up 113% to $2.9 billion and net revenue up 98% to $167 million. The company guided Q2 volume to $3.8–$4.1 billion, above prior estimates. Jefferies raised its price target to $43. Figure ended the quarter with $1.5 billion in cash and 387 active partners.