Figure Technology Solutions Inc. (FIGR): Key takeaways from management meetings

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Figure Technology Solutions Inc. (FIGR): Key takeaways from management meetings

Equity Research

17 June 2026 | 1:41PM EDT

Figure Technology Solutions Inc. (FIGR): Key takeaways from

management meetings

On June 15th & 16th, we hosted meetings with FIGR’s: 1) Chief Executive Officer James Yaro

+1(212)902-1913 |

and Director, Michael Tannenbaum; 2) Chief Financial Officer, Macrina Kgil; and james.e.yaro@gs.com

Goldman Sachs & Co. LLC

3) Head of Investor Relations, Bryan Michaleski. Further detail within.

Matthew Weng

+1(212)902-8484 |

The company highlighted its top priorities as: 1) growing core consumer loans, matthew.weng@gs.com

specifically within the capital-light Figure Connect marketplace channel; 2)

Divyam Harlalkaexpanding the first lien HELOC channel, a larger TAM than second lien; 3) adding +1(332)245-7818 |

new asset classes outside of HELOCs, in products that make sense on FIGR’s divyam.harlalka@gs.comGoldman Sachs India SPL

platform; and 4) adding additional originating and purchasing/financing Lokesh Kumar Sangewar

partners. The company emphasized that the key opportunity within its core HELOC +1(332)245-7846lokesh.sangewar@gs.com|

offering is its low cost and short time to funding that allows for innovative use cases Goldman Sachs India SPL

of home equity across business and consumer credit. This means that FIGR’s TAM is

notably larger than the traditional HELOC one.

Management struck a constructive tone on its competitive positioning,

highlighting growing market share, with a structural moat of FIGR’s

differentiated, comprehensive platform that spans both origination and capital

markets. The company emphasized that, while many fintech peers offer narrower

single product solutions, such as a D2C HELOC origination platform, FIGR offers a