FT Intermediate 2025 Q3 Earnings Net Income Surges 227.5% to $89.82M

FT Intermediate (FIGR), a mid-cap fintech firm, reported its fiscal 2025 Q3 earnings on Nov 14, 2025. The results reflect robust growth across core metrics, with the company maintaining profitability and expanding its blockchain-based ecosystem. Management emphasized strategic execution and macroeconomic tailwinds as key drivers of performance.

Revenue

The total revenue of FT Intermediate surged 54.8% year-over-year to $156.37 million in 2025 Q3, reflecting strong demand for its diversified financial products. Ecosystem and technology fees contributed $35.69 million, while servicing fees added $7.88 million. Interest income reached $17.86 million, and origination fees totaled $21.41 million. A significant portion of revenue stemmed from gains on loan sales ($63.56 million) and servicing assets ($9.33 million), underscoring the company’s capital-efficient model. Additional revenue streams, including $620,000 from other operations, rounded out the total net revenue.

Earnings/Net Income

FT Intermediate’s EPS skyrocketed 366.7% to $0.42 in 2025 Q3, compared to $0.09 in 2024 Q3. The company’s net income reached $89.82 million, marking a 227.5% increase from $27.43 million in the prior-year period. This performance not only reflects operational leverage but also establishes a new two-year high for Q3 net income, highlighting the company’s ability to scale profitably.

Price Action

The stock price of FT Intermediate exhibited mixed short-term momentum. During the latest trading day, shares rose 13.35%, while the full trading week saw a 10.07% gain. However, the month-to-date decline of 9.82% suggests investor caution amid broader market volatility.

Post-Earnings Price Action Review

The post-earnings price trajectory revealed divergent investor sentiment. A sharp intraday rally of 13.35% signaled optimism around the company’s profitability and strategic advancements, while the subsequent weekly gain of 10.07% reinforced positive momentum. The month-to-date pullback of 9.82%, however, indicates sensitivity to macroeconomic risks and sector-wide corrections. This volatility underscores the market’s balancing act between FT Intermediate’s strong fundamentals and external uncertainties.

CEO Commentary

Michael Tannenbaum, CEO of Figure Technology Solutions, highlighted the company’s post-IPO success, noting a 227% year-over-year net income increase and a 55% Adjusted EBITDA margin. He emphasized growth in the Consumer Loan Marketplace, which reached $2.5 billion in volume, and the expansion of blockchain ecosystem pillars. Strategic priorities include leveraging the Figure Connect platform ($1.1 billion in volume) and advancing the Democratized Prime platform to attract institutional clients.

Guidance

The company anticipates maintaining profitability through strategic investments in blockchain-native products, including Crypto-Backed Loans and HELOC for Seniors Interest-Only Mortgage Loans. While positioning itself to capitalize on cryptoeconomy trends, FT Intermediate acknowledges risks from interest rate fluctuations, regulatory shifts, and macroeconomic pressures. Forward-looking initiatives include strengthening partnerships and broadening its network of loan purchasers.

Additional News

No major non-earnings announcements were reported by FT Intermediate within the three-week period from Nov 14, 2025. The company remained focused on core operational execution, with no disclosed M&A activity, C-level personnel changes, or shareholder return programs during the period.

Methodology Notes

All figures are sourced from the company’s official earnings release. Revenue and earnings metrics are reported on a GAAP basis. Forward-looking statements are subject to risks outlined in the guidance section.