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Side-by-side financial comparison of Figure Technology Solutions, Inc. (FIGR) and SunCar Technology Group Inc. (SDA). 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 $119.7M, roughly 1.3× SunCar Technology Group Inc.). Figure Technology Solutions, Inc. runs the higher net margin — 57.3% vs -1.6%, a 58.9% 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.

SunCar Technology Group Inc. is a professional automotive digital service provider mainly operating in the Chinese market. It delivers connected car solutions, automotive big data services, and intelligent mobility operation support to automobile manufacturers, fleet operators, and end vehicle users, focusing on improving smart driving experience and automotive digital operation efficiency.

FIGR vs SDA — Head-to-Head

Bigger by revenue
FIGR
FIGR
1.3× larger
FIGR
$156.4M
$119.7M
SDA
Higher net margin
FIGR
FIGR
58.9% more per $
FIGR
57.3%
-1.6%
SDA

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
FIGR
FIGR
SDA
SDA
Revenue
$156.4M
$119.7M
Net Profit
$89.6M
$-1.9M
Gross Margin
Operating Margin
33.7%
1.5%
Net Margin
57.3%
-1.6%
Revenue YoY
Net Profit YoY
EPS (diluted)
$0.34

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
SDA
SDA
Q3 25
$156.4M
Q2 25
$119.7M
Q1 25
$102.6M
Q3 24
$109.6M
Net Profit
FIGR
FIGR
SDA
SDA
Q3 25
$89.6M
Q2 25
$-1.9M
Q1 25
$-3.6M
Q3 24
$-2.2M
Operating Margin
FIGR
FIGR
SDA
SDA
Q3 25
33.7%
Q2 25
1.5%
Q1 25
-2.9%
Q3 24
0.2%
Net Margin
FIGR
FIGR
SDA
SDA
Q3 25
57.3%
Q2 25
-1.6%
Q1 25
-3.6%
Q3 24
-2.0%
EPS (diluted)
FIGR
FIGR
SDA
SDA
Q3 25
$0.34
Q2 25
Q1 25
$-0.03
Q3 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
FIGR
FIGR
SDA
SDA
Cash + ST InvestmentsLiquidity on hand
$1.1B
$45.7M
Total DebtLower is stronger
$466.8M
Stockholders' EquityBook value
$1.2B
$29.4M
Total Assets
$2.2B
$277.5M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGR
FIGR
SDA
SDA
Q3 25
$1.1B
Q2 25
$45.7M
Q1 25
$60.5M
Q3 24
$42.0M
Total Debt
FIGR
FIGR
SDA
SDA
Q3 25
$466.8M
Q2 25
Q1 25
Q3 24
Stockholders' Equity
FIGR
FIGR
SDA
SDA
Q3 25
$1.2B
Q2 25
$29.4M
Q1 25
$34.8M
Q3 24
$17.7M
Total Assets
FIGR
FIGR
SDA
SDA
Q3 25
$2.2B
Q2 25
$277.5M
Q1 25
$276.7M
Q3 24
$252.1M
Debt / Equity
FIGR
FIGR
SDA
SDA
Q3 25
0.40×
Q2 25
Q1 25
Q3 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
SDA
SDA
Operating Cash FlowLast quarter
$49.3M
$9.0K
Free Cash FlowOCF − Capex
$3.0K
FCF MarginFCF / Revenue
0.0%
Capex IntensityCapex / Revenue
0.0%
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
SDA
SDA
Q3 25
$49.3M
Q2 25
$9.0K
Q1 25
$-9.3M
Q3 24
$3.8M
Free Cash Flow
FIGR
FIGR
SDA
SDA
Q3 25
Q2 25
$3.0K
Q1 25
$-9.3M
Q3 24
$3.5M
FCF Margin
FIGR
FIGR
SDA
SDA
Q3 25
Q2 25
0.0%
Q1 25
-9.0%
Q3 24
3.2%
Capex Intensity
FIGR
FIGR
SDA
SDA
Q3 25
Q2 25
0.0%
Q1 25
0.0%
Q3 24
0.3%
Cash Conversion
FIGR
FIGR
SDA
SDA
Q3 25
0.55×
Q2 25
Q1 25
Q3 24

Financial Flow Comparison

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

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