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Side-by-side financial comparison of Figure Technology Solutions, Inc. (FIGR) and MONARCH CASINO & RESORT INC (MCRI). 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 $136.6M, roughly 1.1× MONARCH CASINO & RESORT INC). Figure Technology Solutions, Inc. runs the higher net margin — 57.3% vs 20.2%, a 37.1% 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.

The Atlantis Casino Resort Spa is a hotel and casino located in Reno, Nevada, United States. It is owned and operated by Monarch Casino & Resort, Inc. Its three hotel towers have a combined 824 guest rooms and suites. The casino floor spans 64,814 sq ft. Often known simply as "Atlantis," it is one of Reno's most profitable and luxurious properties, competing directly with Peppermill Hotel Casino and Grand Sierra Resort for customers. Nearly $150 million has been spent on upgrading the facility.

FIGR vs MCRI — Head-to-Head

Bigger by revenue
FIGR
FIGR
1.1× larger
FIGR
$156.4M
$136.6M
MCRI
Higher net margin
FIGR
FIGR
37.1% more per $
FIGR
57.3%
20.2%
MCRI

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
FIGR
FIGR
MCRI
MCRI
Revenue
$156.4M
$136.6M
Net Profit
$89.6M
$27.6M
Gross Margin
Operating Margin
33.7%
25.6%
Net Margin
57.3%
20.2%
Revenue YoY
8.9%
Net Profit YoY
38.9%
EPS (diluted)
$0.34
$1.52

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
MCRI
MCRI
Q1 26
$136.6M
Q4 25
$140.0M
Q3 25
$156.4M
$142.8M
Q2 25
$136.9M
Q1 25
$125.4M
Q4 24
$134.5M
Q3 24
$137.9M
Q2 24
$128.1M
Net Profit
FIGR
FIGR
MCRI
MCRI
Q1 26
$27.6M
Q4 25
$22.9M
Q3 25
$89.6M
$31.6M
Q2 25
$27.0M
Q1 25
$19.9M
Q4 24
$4.2M
Q3 24
$27.6M
Q2 24
$22.7M
Gross Margin
FIGR
FIGR
MCRI
MCRI
Q1 26
Q4 25
20.8%
Q3 25
26.7%
Q2 25
25.5%
Q1 25
20.2%
Q4 24
2.9%
Q3 24
25.6%
Q2 24
23.0%
Operating Margin
FIGR
FIGR
MCRI
MCRI
Q1 26
25.6%
Q4 25
21.3%
Q3 25
33.7%
27.1%
Q2 25
25.8%
Q1 25
20.4%
Q4 24
3.1%
Q3 24
25.5%
Q2 24
22.9%
Net Margin
FIGR
FIGR
MCRI
MCRI
Q1 26
20.2%
Q4 25
16.4%
Q3 25
57.3%
22.1%
Q2 25
19.7%
Q1 25
15.8%
Q4 24
3.1%
Q3 24
20.0%
Q2 24
17.7%
EPS (diluted)
FIGR
FIGR
MCRI
MCRI
Q1 26
$1.52
Q4 25
$1.25
Q3 25
$0.34
$1.69
Q2 25
$1.44
Q1 25
$1.05
Q4 24
$0.25
Q3 24
$1.47
Q2 24
$1.19

Balance Sheet & Financial Strength

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

Metric
FIGR
FIGR
MCRI
MCRI
Cash + ST InvestmentsLiquidity on hand
$1.1B
$120.1M
Total DebtLower is stronger
$466.8M
Stockholders' EquityBook value
$1.2B
$549.8M
Total Assets
$2.2B
$725.2M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGR
FIGR
MCRI
MCRI
Q1 26
$120.1M
Q4 25
Q3 25
$1.1B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
FIGR
FIGR
MCRI
MCRI
Q1 26
Q4 25
Q3 25
$466.8M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
FIGR
FIGR
MCRI
MCRI
Q1 26
$549.8M
Q4 25
$537.7M
Q3 25
$1.2B
$558.4M
Q2 25
$539.2M
Q1 25
$535.6M
Q4 24
$517.7M
Q3 24
$513.3M
Q2 24
$498.4M
Total Assets
FIGR
FIGR
MCRI
MCRI
Q1 26
$725.2M
Q4 25
$712.8M
Q3 25
$2.2B
$725.4M
Q2 25
$705.8M
Q1 25
$712.1M
Q4 24
$691.6M
Q3 24
$671.1M
Q2 24
$672.4M
Debt / Equity
FIGR
FIGR
MCRI
MCRI
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
MCRI
MCRI
Operating Cash FlowLast quarter
$49.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIGR
FIGR
MCRI
MCRI
Q1 26
Q4 25
$38.1M
Q3 25
$49.3M
$56.0M
Q2 25
$34.1M
Q1 25
$36.5M
Q4 24
$37.8M
Q3 24
$40.3M
Q2 24
$24.3M
Free Cash Flow
FIGR
FIGR
MCRI
MCRI
Q1 26
Q4 25
$32.2M
Q3 25
$53.5M
Q2 25
$26.0M
Q1 25
$16.6M
Q4 24
$26.2M
Q3 24
$35.4M
Q2 24
$11.0M
FCF Margin
FIGR
FIGR
MCRI
MCRI
Q1 26
Q4 25
23.0%
Q3 25
37.5%
Q2 25
19.0%
Q1 25
13.3%
Q4 24
19.5%
Q3 24
25.7%
Q2 24
8.5%
Capex Intensity
FIGR
FIGR
MCRI
MCRI
Q1 26
Q4 25
4.2%
Q3 25
1.7%
Q2 25
5.9%
Q1 25
15.8%
Q4 24
8.6%
Q3 24
3.6%
Q2 24
10.4%
Cash Conversion
FIGR
FIGR
MCRI
MCRI
Q1 26
Q4 25
1.66×
Q3 25
0.55×
1.77×
Q2 25
1.26×
Q1 25
1.84×
Q4 24
8.98×
Q3 24
1.46×
Q2 24
1.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FIGR
FIGR

Segment breakdown not available.

MCRI
MCRI

Casino$79.7M58%
Food and beverage$31.7M23%
Hotel$19.0M14%
Other$6.1M5%

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