Figure stands out because it uses blockchain to power home equity lines of credit (HELOCs) & runs a digital asset exchange. Unlike many recent IPOs, it’s already profitable, with $340.9M in revenue last year, up 63%, and $19.9M in net income. Revenue rose another 22% in the first half of 2025, with profits of $29.4M — a rare achievement among new listings.
With backing from big names like Stanley Druckenmiller’s Duquesne Family Office, I see real confidence in Figure’s future. I’ll be watching closely as it expands into mortgages & other consumer loans, potentially scaling its blockchain platform across broader finance.
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- MurielRobin·09-15TOPWow, what a strong debut! 💪 [Great]1Report
- LouisLowell·09-15TOPImpressive write-up1Report