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

Stoke Therapeutics, Inc. is the larger business by last-quarter revenue ($158.6M vs $156.4M, roughly 1.0× Figure Technology Solutions, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs 57.3%, a 13.9% 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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

FIGR vs STOK — Head-to-Head

Bigger by revenue
STOK
STOK
1.0× larger
STOK
$158.6M
$156.4M
FIGR
Higher net margin
STOK
STOK
13.9% more per $
STOK
71.2%
57.3%
FIGR

Income Statement — Q3 FY2025 vs Q1 FY2025

Metric
FIGR
FIGR
STOK
STOK
Revenue
$156.4M
$158.6M
Net Profit
$89.6M
$112.9M
Gross Margin
Operating Margin
33.7%
70.2%
Net Margin
57.3%
71.2%
Revenue YoY
3661.1%
Net Profit YoY
528.0%
EPS (diluted)
$0.34
$1.90

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
STOK
STOK
Q3 25
$156.4M
Q1 25
$158.6M
Q4 24
$22.6M
Q2 23
$-2.5M
Net Profit
FIGR
FIGR
STOK
STOK
Q3 25
$89.6M
Q1 25
$112.9M
Q4 24
$-10.5M
Q2 23
$-30.7M
Operating Margin
FIGR
FIGR
STOK
STOK
Q3 25
33.7%
Q1 25
70.2%
Q4 24
-60.4%
Q2 23
1340.7%
Net Margin
FIGR
FIGR
STOK
STOK
Q3 25
57.3%
Q1 25
71.2%
Q4 24
-46.4%
Q2 23
1235.6%
EPS (diluted)
FIGR
FIGR
STOK
STOK
Q3 25
$0.34
Q1 25
$1.90
Q4 24
$-0.15
Q2 23
$-0.69

Balance Sheet & Financial Strength

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

Metric
FIGR
FIGR
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$1.1B
$274.8M
Total DebtLower is stronger
$466.8M
Stockholders' EquityBook value
$1.2B
$350.1M
Total Assets
$2.2B
$406.9M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGR
FIGR
STOK
STOK
Q3 25
$1.1B
Q1 25
$274.8M
Q4 24
$128.0M
Q2 23
$192.1M
Total Debt
FIGR
FIGR
STOK
STOK
Q3 25
$466.8M
Q1 25
Q4 24
Q2 23
Stockholders' Equity
FIGR
FIGR
STOK
STOK
Q3 25
$1.2B
Q1 25
$350.1M
Q4 24
$229.0M
Q2 23
$190.2M
Total Assets
FIGR
FIGR
STOK
STOK
Q3 25
$2.2B
Q1 25
$406.9M
Q4 24
$271.6M
Q2 23
$256.9M
Debt / Equity
FIGR
FIGR
STOK
STOK
Q3 25
0.40×
Q1 25
Q4 24
Q2 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
STOK
STOK
Operating Cash FlowLast quarter
$49.3M
$131.8M
Free Cash FlowOCF − Capex
$131.7M
FCF MarginFCF / Revenue
83.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
0.55×
1.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIGR
FIGR
STOK
STOK
Q3 25
$49.3M
Q1 25
$131.8M
Q4 24
$-23.2M
Q2 23
$-21.8M
Free Cash Flow
FIGR
FIGR
STOK
STOK
Q3 25
Q1 25
$131.7M
Q4 24
$-23.2M
Q2 23
$-22.6M
FCF Margin
FIGR
FIGR
STOK
STOK
Q3 25
Q1 25
83.0%
Q4 24
-102.7%
Q2 23
912.5%
Capex Intensity
FIGR
FIGR
STOK
STOK
Q3 25
Q1 25
0.1%
Q4 24
0.2%
Q2 23
-33.8%
Cash Conversion
FIGR
FIGR
STOK
STOK
Q3 25
0.55×
Q1 25
1.17×
Q4 24
Q2 23

Financial Flow Comparison

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

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