Figure is a very slept-on asset given 113% year-over-year net revenue growth and 55% EBITDA margins in Q2. Its weekly marketplace volume hit an all-time high of $436M, per @AllenBinLi, and that does not even include the Kiavi acquisition. x.com
Austin Barack
CIO of RockawayX Liquid, Fundamental Long/Short Investing
Figure Technology Solutions is nearly impossible to be bearish on because of how Mike Cagney runs it. Revenue is growing more than 100% year over year and EBITDA grew over 50% in the same period. The lesson is to never bet against Cagney. x.com
Figure Technology's breakout on volume confirms the bull case. Per a quoted post, Q2 revenue rose 113% with $87.4M of net income, the $717M Kiavi deal adds AI-underwritten real-estate investor lending, and its YLDS is structured as a security, so it can keep paying yield while the GENIUS Act bars yield on payment stablecoins. x.com