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Side-by-side financial comparison of Figure Technology Solutions, Inc. (FIGR) and FORMFACTOR INC (FORM). Click either name above to swap in a different company.

FORMFACTOR INC is the larger business by last-quarter revenue ($226.1M vs $156.4M, roughly 1.4× Figure Technology Solutions, Inc.). Figure Technology Solutions, Inc. runs the higher net margin — 57.3% vs 9.0%, a 48.3% gap on every dollar of revenue.

Figure Technology Solutions, Inc. is a financial technology company in Reno, Nevada, United States. Established in 2018, it develops and operates blockchain-based platforms used in lending, capital markets, and asset management.

Formfactor, Inc. is a provider of test and measurement technologies for integrated circuits, with its headquarters in Livermore, California. It provides semiconductor companies with products to improve device performance and provide test and measurement technologies for integrated circuits.

FIGR vs FORM — Head-to-Head

Bigger by revenue
FORM
FORM
1.4× larger
FORM
$226.1M
$156.4M
FIGR
Higher net margin
FIGR
FIGR
48.3% more per $
FIGR
57.3%
9.0%
FORM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
FIGR
FIGR
FORM
FORM
Revenue
$156.4M
$226.1M
Net Profit
$89.6M
$20.4M
Gross Margin
38.4%
Operating Margin
33.7%
7.4%
Net Margin
57.3%
9.0%
Revenue YoY
32.0%
Net Profit YoY
218.5%
EPS (diluted)
$0.34
$0.26

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FIGR
FIGR
FORM
FORM
Q1 26
$226.1M
Q4 25
$215.2M
Q3 25
$156.4M
$202.7M
Q2 25
$195.8M
Q1 25
$171.4M
Q4 24
$189.5M
Q3 24
$207.9M
Q2 24
$197.5M
Net Profit
FIGR
FIGR
FORM
FORM
Q1 26
$20.4M
Q4 25
$23.2M
Q3 25
$89.6M
$15.7M
Q2 25
$9.1M
Q1 25
$6.4M
Q4 24
$9.7M
Q3 24
$18.7M
Q2 24
$19.4M
Gross Margin
FIGR
FIGR
FORM
FORM
Q1 26
38.4%
Q4 25
42.2%
Q3 25
39.8%
Q2 25
37.3%
Q1 25
37.7%
Q4 24
38.8%
Q3 24
40.7%
Q2 24
44.0%
Operating Margin
FIGR
FIGR
FORM
FORM
Q1 26
7.4%
Q4 25
10.9%
Q3 25
33.7%
8.9%
Q2 25
6.3%
Q1 25
1.9%
Q4 24
4.1%
Q3 24
8.6%
Q2 24
9.0%
Net Margin
FIGR
FIGR
FORM
FORM
Q1 26
9.0%
Q4 25
10.8%
Q3 25
57.3%
7.7%
Q2 25
4.6%
Q1 25
3.7%
Q4 24
5.1%
Q3 24
9.0%
Q2 24
9.8%
EPS (diluted)
FIGR
FIGR
FORM
FORM
Q1 26
$0.26
Q4 25
$0.29
Q3 25
$0.34
$0.20
Q2 25
$0.12
Q1 25
$0.08
Q4 24
$0.12
Q3 24
$0.24
Q2 24
$0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FIGR
FIGR
FORM
FORM
Cash + ST InvestmentsLiquidity on hand
$1.1B
$123.5M
Total DebtLower is stronger
$466.8M
Stockholders' EquityBook value
$1.2B
$1.1B
Total Assets
$2.2B
$1.3B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGR
FIGR
FORM
FORM
Q1 26
$123.5M
Q4 25
$103.3M
Q3 25
$1.1B
$266.0M
Q2 25
$249.3M
Q1 25
$299.0M
Q4 24
$360.0M
Q3 24
$354.5M
Q2 24
$357.6M
Total Debt
FIGR
FIGR
FORM
FORM
Q1 26
Q4 25
$12.2M
Q3 25
$466.8M
Q2 25
Q1 25
Q4 24
$13.3M
Q3 24
Q2 24
Stockholders' Equity
FIGR
FIGR
FORM
FORM
Q1 26
$1.1B
Q4 25
$1.0B
Q3 25
$1.2B
$1.0B
Q2 25
$990.0M
Q1 25
$965.9M
Q4 24
$947.8M
Q3 24
$955.0M
Q2 24
$947.9M
Total Assets
FIGR
FIGR
FORM
FORM
Q1 26
$1.3B
Q4 25
$1.2B
Q3 25
$2.2B
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$1.2B
Debt / Equity
FIGR
FIGR
FORM
FORM
Q1 26
Q4 25
0.01×
Q3 25
0.40×
Q2 25
Q1 25
Q4 24
0.01×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FIGR
FIGR
FORM
FORM
Operating Cash FlowLast quarter
$49.3M
$45.0M
Free Cash FlowOCF − Capex
$30.7M
FCF MarginFCF / Revenue
13.6%
Capex IntensityCapex / Revenue
6.7%
Cash ConversionOCF / Net Profit
0.55×
2.21×
TTM Free Cash FlowTrailing 4 quarters
$37.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIGR
FIGR
FORM
FORM
Q1 26
$45.0M
Q4 25
$46.0M
Q3 25
$49.3M
$27.0M
Q2 25
$18.9M
Q1 25
$23.5M
Q4 24
$35.9M
Q3 24
$26.7M
Q2 24
$21.9M
Free Cash Flow
FIGR
FIGR
FORM
FORM
Q1 26
$30.7M
Q4 25
$34.7M
Q3 25
$19.5M
Q2 25
$-47.4M
Q1 25
$5.0M
Q4 24
$28.3M
Q3 24
$17.8M
Q2 24
$13.5M
FCF Margin
FIGR
FIGR
FORM
FORM
Q1 26
13.6%
Q4 25
16.1%
Q3 25
9.6%
Q2 25
-24.2%
Q1 25
2.9%
Q4 24
14.9%
Q3 24
8.6%
Q2 24
6.8%
Capex Intensity
FIGR
FIGR
FORM
FORM
Q1 26
6.7%
Q4 25
5.3%
Q3 25
3.7%
Q2 25
33.8%
Q1 25
10.8%
Q4 24
4.0%
Q3 24
4.3%
Q2 24
4.3%
Cash Conversion
FIGR
FIGR
FORM
FORM
Q1 26
2.21×
Q4 25
1.98×
Q3 25
0.55×
1.72×
Q2 25
2.08×
Q1 25
3.68×
Q4 24
3.70×
Q3 24
1.43×
Q2 24
1.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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