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Side-by-side financial comparison of Figure Technology Solutions, Inc. (FIGR) and Twin Hospitality Group Inc. (TWNP). 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 $82.3M, roughly 1.9× Twin Hospitality Group Inc.). Figure Technology Solutions, Inc. runs the higher net margin — 57.3% vs -29.7%, a 87.0% 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.

Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.

FIGR vs TWNP — Head-to-Head

Bigger by revenue
FIGR
FIGR
1.9× larger
FIGR
$156.4M
$82.3M
TWNP
Higher net margin
FIGR
FIGR
87.0% more per $
FIGR
57.3%
-29.7%
TWNP

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
FIGR
FIGR
TWNP
TWNP
Revenue
$156.4M
$82.3M
Net Profit
$89.6M
$-24.5M
Gross Margin
Operating Margin
33.7%
-16.2%
Net Margin
57.3%
-29.7%
Revenue YoY
Net Profit YoY
EPS (diluted)
$0.34
$-0.43

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
TWNP
TWNP
Q3 25
$156.4M
$82.3M
Q2 25
$87.8M
Q1 25
$87.1M
Net Profit
FIGR
FIGR
TWNP
TWNP
Q3 25
$89.6M
$-24.5M
Q2 25
$-20.8M
Q1 25
$-12.1M
Operating Margin
FIGR
FIGR
TWNP
TWNP
Q3 25
33.7%
-16.2%
Q2 25
-13.2%
Q1 25
-1.2%
Net Margin
FIGR
FIGR
TWNP
TWNP
Q3 25
57.3%
-29.7%
Q2 25
-23.7%
Q1 25
-13.9%
EPS (diluted)
FIGR
FIGR
TWNP
TWNP
Q3 25
$0.34
$-0.43
Q2 25
$-0.38
Q1 25
$-0.26

Balance Sheet & Financial Strength

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

Metric
FIGR
FIGR
TWNP
TWNP
Cash + ST InvestmentsLiquidity on hand
$1.1B
Total DebtLower is stronger
$466.8M
$402.8M
Stockholders' EquityBook value
$1.2B
$-92.1M
Total Assets
$2.2B
$516.8M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGR
FIGR
TWNP
TWNP
Q3 25
$1.1B
Q2 25
Q1 25
Total Debt
FIGR
FIGR
TWNP
TWNP
Q3 25
$466.8M
$402.8M
Q2 25
$411.3M
Q1 25
$413.0M
Stockholders' Equity
FIGR
FIGR
TWNP
TWNP
Q3 25
$1.2B
$-92.1M
Q2 25
$-78.6M
Q1 25
$-101.9M
Total Assets
FIGR
FIGR
TWNP
TWNP
Q3 25
$2.2B
$516.8M
Q2 25
$535.1M
Q1 25
$544.2M
Debt / Equity
FIGR
FIGR
TWNP
TWNP
Q3 25
0.40×
Q2 25
Q1 25

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
TWNP
TWNP
Operating Cash FlowLast quarter
$49.3M
$-5.9M
Free Cash FlowOCF − Capex
$-7.4M
FCF MarginFCF / Revenue
-9.0%
Capex IntensityCapex / Revenue
1.9%
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
TWNP
TWNP
Q3 25
$49.3M
$-5.9M
Q2 25
$-8.8M
Q1 25
$-5.7M
Free Cash Flow
FIGR
FIGR
TWNP
TWNP
Q3 25
$-7.4M
Q2 25
$-10.6M
Q1 25
$-9.7M
FCF Margin
FIGR
FIGR
TWNP
TWNP
Q3 25
-9.0%
Q2 25
-12.1%
Q1 25
-11.2%
Capex Intensity
FIGR
FIGR
TWNP
TWNP
Q3 25
1.9%
Q2 25
2.1%
Q1 25
4.6%
Cash Conversion
FIGR
FIGR
TWNP
TWNP
Q3 25
0.55×
Q2 25
Q1 25

Financial Flow Comparison

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

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