TJ
Stock/Options Trader, Volume at Support/Resistance, Publisher of Volume Stocks Newsletter
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.comÂ
Figure Technology's blockchain lending model is scaling profitably, with Q2 revenue up 113% year over year and net income of $87.4M, a 38.8% margin. The $717M Kiavi acquisition adds AI-underwritten real estate investor loans, which management expects to add 40% volume and $100M of EBITDA. Its YLDS token is structured as a security, so it can keep paying yield while the GENIUS Act bars yield on payment stablecoins; Ondo put $25M into it for its tokenized Treasury product. x.comÂ
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.comÂ
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.comÂ
