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Side-by-side financial comparison of Figure Technology Solutions, Inc. (FIGR) and SunPower Inc. (SPWR). 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 $79.7M, roughly 2.0× SunPower Inc.). Figure Technology Solutions, Inc. runs the higher net margin — 57.3% vs -17.8%, a 75.0% 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.

SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. Cypress Semiconductor bought a majority interest in the company in 2002, growing it quickly until SunPower went public in 2005. TotalEnergies, a French energy and oil company p...

FIGR vs SPWR — Head-to-Head

Bigger by revenue
FIGR
FIGR
2.0× larger
FIGR
$156.4M
$79.7M
SPWR
Higher net margin
FIGR
FIGR
75.0% more per $
FIGR
57.3%
-17.8%
SPWR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FIGR
FIGR
SPWR
SPWR
Revenue
$156.4M
$79.7M
Net Profit
$89.6M
$-14.2M
Gross Margin
35.5%
Operating Margin
33.7%
-27.4%
Net Margin
57.3%
-17.8%
Revenue YoY
-10.1%
Net Profit YoY
-130.1%
EPS (diluted)
$0.34
$-0.05

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
SPWR
SPWR
Q4 25
$79.7M
Q3 25
$156.4M
$22.0M
Q2 25
$67.5M
Q1 25
$82.7M
Q4 24
$88.7M
Q4 23
$24.6M
Q2 23
$25.6M
Q1 23
$16.7M
Net Profit
FIGR
FIGR
SPWR
SPWR
Q4 25
$-14.2M
Q3 25
$89.6M
$-16.9M
Q2 25
$-22.4M
Q1 25
$8.1M
Q4 24
$47.0M
Q4 23
$-206.9M
Q2 23
$-2.7M
Q1 23
$170.2K
Gross Margin
FIGR
FIGR
SPWR
SPWR
Q4 25
35.5%
Q3 25
Q2 25
42.6%
Q1 25
48.5%
Q4 24
46.5%
Q4 23
25.4%
Q2 23
23.5%
Q1 23
17.1%
Operating Margin
FIGR
FIGR
SPWR
SPWR
Q4 25
-27.4%
Q3 25
33.7%
-15.7%
Q2 25
-4.0%
Q1 25
1.3%
Q4 24
-24.2%
Q4 23
-45.1%
Q2 23
-5.9%
Q1 23
-9.7%
Net Margin
FIGR
FIGR
SPWR
SPWR
Q4 25
-17.8%
Q3 25
57.3%
-76.9%
Q2 25
-33.2%
Q1 25
9.8%
Q4 24
53.0%
Q4 23
-841.3%
Q2 23
-10.4%
Q1 23
1.0%
EPS (diluted)
FIGR
FIGR
SPWR
SPWR
Q4 25
$-0.05
Q3 25
$0.34
$-0.19
Q2 25
$-0.28
Q1 25
$0.00
Q4 24
$0.27
Q4 23
$-5.20
Q2 23
$-0.41
Q1 23
$-0.93

Balance Sheet & Financial Strength

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

Metric
FIGR
FIGR
SPWR
SPWR
Cash + ST InvestmentsLiquidity on hand
$1.1B
$9.6M
Total DebtLower is stronger
$466.8M
$164.8M
Stockholders' EquityBook value
$1.2B
$-90.1M
Total Assets
$2.2B
$241.2M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGR
FIGR
SPWR
SPWR
Q4 25
$9.6M
Q3 25
$1.1B
$5.1M
Q2 25
$11.1M
Q1 25
$10.6M
Q4 24
$13.4M
Q4 23
Q2 23
Q1 23
Total Debt
FIGR
FIGR
SPWR
SPWR
Q4 25
$164.8M
Q3 25
$466.8M
$204.3M
Q2 25
$152.9M
Q1 25
Q4 24
$147.3M
Q4 23
Q2 23
Q1 23
Stockholders' Equity
FIGR
FIGR
SPWR
SPWR
Q4 25
$-90.1M
Q3 25
$1.2B
$-112.3M
Q2 25
$-107.2M
Q1 25
$-89.0M
Q4 24
$-97.5M
Q4 23
$-50.8M
Q2 23
$-19.8M
Q1 23
$-15.3M
Total Assets
FIGR
FIGR
SPWR
SPWR
Q4 25
$241.2M
Q3 25
$2.2B
$208.3M
Q2 25
$163.1M
Q1 25
$147.8M
Q4 24
$144.5M
Q4 23
Q2 23
$118.4M
Q1 23
$116.6M
Debt / Equity
FIGR
FIGR
SPWR
SPWR
Q4 25
Q3 25
0.40×
Q2 25
Q1 25
Q4 24
Q4 23
Q2 23
Q1 23

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
SPWR
SPWR
Operating Cash FlowLast quarter
$49.3M
$-1.9M
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
SPWR
SPWR
Q4 25
$-1.9M
Q3 25
$49.3M
$-6.4M
Q2 25
$-4.4M
Q1 25
$-2.6M
Q4 24
$-25.6M
Q4 23
Q2 23
$15.4M
Q1 23
$-525.4K
Free Cash Flow
FIGR
FIGR
SPWR
SPWR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q4 23
Q2 23
Q1 23
$-555.4K
FCF Margin
FIGR
FIGR
SPWR
SPWR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q4 23
Q2 23
Q1 23
-3.3%
Capex Intensity
FIGR
FIGR
SPWR
SPWR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q4 23
2.0%
Q2 23
0.0%
Q1 23
0.2%
Cash Conversion
FIGR
FIGR
SPWR
SPWR
Q4 25
Q3 25
0.55×
Q2 25
Q1 25
-0.32×
Q4 24
-0.54×
Q4 23
Q2 23
Q1 23
-3.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FIGR
FIGR

Segment breakdown not available.

SPWR
SPWR

Residential Solar Installation$46.9M59%
New Homes Business$22.7M29%
Other$10.1M13%

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