FIGR tops revenue and EBITDA expectations, Matthew Sigel notes

FIGR tops revenue and EBITDA expectations, Matthew Sigel notes
FIGR beats on revenue, raises buyback

FIGR rose 12% in pre-market trading after reporting topline growth of 84% year-over-year to $283 million, surpassing the estimated $255 million. EBITDA increased 91% year-over-year to $164 million, also ahead of the $130 million estimate. The loan marketplace segment saw a 135% year-over-year increase. Matthew Sigel reported that the company increased its buyback authorization by $200 million and guided for volumes of $6.2–6.7 billion at a 3.1–3.4% gross take rate.

Matthew Sigel previously raised doubts about The Economist's calculation of a potential $75 billion surplus from FTX's old Bitcoin mines. Earlier, Compute Desk reported that Blackwell Ultra GPU rental prices rose to a record high after a 17-day climb. Both events drew industry attention to the volatility in digital asset infrastructure and pricing.

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