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Side-by-side financial comparison of Figure Technology Solutions, Inc. (FIGR) and Leslie's, Inc. (LESL). Click either name above to swap in a different company.

Figure Technology Solutions, Inc. is the larger business by last-quarter revenue ($156.4M vs $147.1M, roughly 1.1× Leslie's, Inc.). Figure Technology Solutions, Inc. runs the higher net margin — 57.3% vs -56.4%, a 113.7% 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.

Leslie's, Inc., operating as Leslie's Swimming Pool Supplies, is the largest retailer of swimming pool supplies and related products. The company is headquartered in Phoenix, Arizona, and has a particularly strong retail presence in Arizona, California, Florida, Georgia and Texas.

FIGR vs LESL — Head-to-Head

Bigger by revenue
FIGR
FIGR
1.1× larger
FIGR
$156.4M
$147.1M
LESL
Higher net margin
FIGR
FIGR
113.7% more per $
FIGR
57.3%
-56.4%
LESL

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
FIGR
FIGR
LESL
LESL
Revenue
$156.4M
$147.1M
Net Profit
$89.6M
$-83.0M
Gross Margin
18.4%
Operating Margin
33.7%
-46.7%
Net Margin
57.3%
-56.4%
Revenue YoY
-16.0%
Net Profit YoY
-86.2%
EPS (diluted)
$0.34
$-8.92

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
LESL
LESL
Q1 26
$147.1M
Q4 25
$389.2M
Q3 25
$156.4M
Q2 25
$500.3M
Q1 25
$177.1M
Q4 24
$175.2M
Q3 24
$397.9M
Q2 24
$569.6M
Net Profit
FIGR
FIGR
LESL
LESL
Q1 26
$-83.0M
Q4 25
$-162.8M
Q3 25
$89.6M
Q2 25
$21.7M
Q1 25
$-51.3M
Q4 24
$-44.6M
Q3 24
$-9.9M
Q2 24
$60.6M
Gross Margin
FIGR
FIGR
LESL
LESL
Q1 26
18.4%
Q4 25
38.6%
Q3 25
Q2 25
39.6%
Q1 25
24.8%
Q4 24
27.2%
Q3 24
36.0%
Q2 24
40.2%
Operating Margin
FIGR
FIGR
LESL
LESL
Q1 26
-46.7%
Q4 25
-38.6%
Q3 25
33.7%
Q2 25
13.7%
Q1 25
-27.3%
Q4 24
-22.7%
Q3 24
6.6%
Q2 24
17.2%
Net Margin
FIGR
FIGR
LESL
LESL
Q1 26
-56.4%
Q4 25
-41.8%
Q3 25
57.3%
Q2 25
4.3%
Q1 25
-29.0%
Q4 24
-25.4%
Q3 24
-2.5%
Q2 24
10.6%
EPS (diluted)
FIGR
FIGR
LESL
LESL
Q1 26
$-8.92
Q4 25
$-20.59
Q3 25
$0.34
Q2 25
$0.12
Q1 25
$-0.28
Q4 24
$-4.82
Q3 24
$-2.46
Q2 24
$0.33

Balance Sheet & Financial Strength

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

Metric
FIGR
FIGR
LESL
LESL
Cash + ST InvestmentsLiquidity on hand
$1.1B
$3.6M
Total DebtLower is stronger
$466.8M
$781.6M
Stockholders' EquityBook value
$1.2B
$-489.9M
Total Assets
$2.2B
$649.4M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGR
FIGR
LESL
LESL
Q1 26
$3.6M
Q4 25
$64.3M
Q3 25
$1.1B
Q2 25
$42.7M
Q1 25
$17.3M
Q4 24
$11.6M
Q3 24
$108.5M
Q2 24
$74.4M
Total Debt
FIGR
FIGR
LESL
LESL
Q1 26
$781.6M
Q4 25
$756.6M
Q3 25
$466.8M
Q2 25
$776.6M
Q1 25
$858.1M
Q4 24
$796.6M
Q3 24
$783.7M
Q2 24
$783.7M
Stockholders' Equity
FIGR
FIGR
LESL
LESL
Q1 26
$-489.9M
Q4 25
$-408.0M
Q3 25
$1.2B
Q2 25
$-246.2M
Q1 25
$-269.5M
Q4 24
$-220.0M
Q3 24
$-177.1M
Q2 24
$-168.2M
Total Assets
FIGR
FIGR
LESL
LESL
Q1 26
$649.4M
Q4 25
$741.5M
Q3 25
$2.2B
Q2 25
$989.5M
Q1 25
$1.0B
Q4 24
$967.0M
Q3 24
$1.1B
Q2 24
$1.1B
Debt / Equity
FIGR
FIGR
LESL
LESL
Q1 26
Q4 25
Q3 25
0.40×
Q2 25
Q1 25
Q4 24
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
LESL
LESL
Operating Cash FlowLast quarter
$49.3M
$-81.1M
Free Cash FlowOCF − Capex
$-85.5M
FCF MarginFCF / Revenue
-58.1%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
0.55×
TTM Free Cash FlowTrailing 4 quarters
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIGR
FIGR
LESL
LESL
Q1 26
$-81.1M
Q4 25
$48.2M
Q3 25
$49.3M
Q2 25
$114.9M
Q1 25
$-49.2M
Q4 24
$-105.1M
Q3 24
$47.1M
Q2 24
$175.5M
Free Cash Flow
FIGR
FIGR
LESL
LESL
Q1 26
$-85.5M
Q4 25
$41.8M
Q3 25
Q2 25
$107.1M
Q1 25
$-55.8M
Q4 24
$-109.8M
Q3 24
$34.1M
Q2 24
$165.2M
FCF Margin
FIGR
FIGR
LESL
LESL
Q1 26
-58.1%
Q4 25
10.7%
Q3 25
Q2 25
21.4%
Q1 25
-31.5%
Q4 24
-62.6%
Q3 24
8.6%
Q2 24
29.0%
Capex Intensity
FIGR
FIGR
LESL
LESL
Q1 26
2.9%
Q4 25
1.7%
Q3 25
Q2 25
1.6%
Q1 25
3.7%
Q4 24
2.7%
Q3 24
3.2%
Q2 24
1.8%
Cash Conversion
FIGR
FIGR
LESL
LESL
Q1 26
Q4 25
Q3 25
0.55×
Q2 25
5.29×
Q1 25
Q4 24
Q3 24
Q2 24
2.89×

Financial Flow Comparison

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

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