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Side-by-side financial comparison of Figure Technology Solutions, Inc. (FIGR) and Via Renewables, Inc. (VIASP). 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 $127.8M, roughly 1.2× Via Renewables, Inc.). Figure Technology Solutions, Inc. runs the higher net margin — 57.3% vs 5.4%, a 51.9% 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.

EDF Power Solutions is a wholly owned subsidiary of the French utility EDF Group, specializing in renewable energy production. As an integrated operator, the Group develops and finances the construction of renewable energy facilities, and manages operations and maintenance for its own account and for third parties.

FIGR vs VIASP — Head-to-Head

Bigger by revenue
FIGR
FIGR
1.2× larger
FIGR
$156.4M
$127.8M
VIASP
Higher net margin
FIGR
FIGR
51.9% more per $
FIGR
57.3%
5.4%
VIASP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FIGR
FIGR
VIASP
VIASP
Revenue
$156.4M
$127.8M
Net Profit
$89.6M
$6.9M
Gross Margin
34.4%
Operating Margin
33.7%
15.2%
Net Margin
57.3%
5.4%
Revenue YoY
22.5%
Net Profit YoY
-30.9%
EPS (diluted)
$0.34
$1.19

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
VIASP
VIASP
Q4 25
$127.8M
Q3 25
$156.4M
$103.3M
Q2 25
$90.0M
Q1 25
$142.3M
Q4 24
$104.3M
Q3 24
$93.8M
Q2 24
$86.7M
Q1 24
$114.1M
Net Profit
FIGR
FIGR
VIASP
VIASP
Q4 25
$6.9M
Q3 25
$89.6M
$757.0K
Q2 25
$2.7M
Q1 25
$8.8M
Q4 24
$9.9M
Q3 24
$2.1M
Q2 24
$7.6M
Q1 24
$8.6M
Gross Margin
FIGR
FIGR
VIASP
VIASP
Q4 25
34.4%
Q3 25
23.1%
Q2 25
30.0%
Q1 25
32.9%
Q4 24
51.9%
Q3 24
26.8%
Q2 24
50.4%
Q1 24
39.5%
Operating Margin
FIGR
FIGR
VIASP
VIASP
Q4 25
15.2%
Q3 25
33.7%
3.1%
Q2 25
6.7%
Q1 25
17.5%
Q4 24
31.5%
Q3 24
5.3%
Q2 24
23.8%
Q1 24
22.6%
Net Margin
FIGR
FIGR
VIASP
VIASP
Q4 25
5.4%
Q3 25
57.3%
0.7%
Q2 25
3.0%
Q1 25
6.2%
Q4 24
9.5%
Q3 24
2.3%
Q2 24
8.8%
Q1 24
7.5%
EPS (diluted)
FIGR
FIGR
VIASP
VIASP
Q4 25
$1.19
Q3 25
$0.34
$-0.41
Q2 25
$0.09
Q1 25
$1.83
Q4 24
$2.33
Q3 24
$-0.17
Q2 24
$1.51
Q1 24
$1.81

Balance Sheet & Financial Strength

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

Metric
FIGR
FIGR
VIASP
VIASP
Cash + ST InvestmentsLiquidity on hand
$1.1B
$41.8M
Total DebtLower is stronger
$466.8M
$120.0M
Stockholders' EquityBook value
$1.2B
$67.7M
Total Assets
$2.2B
$331.3M
Debt / EquityLower = less leverage
0.40×
1.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGR
FIGR
VIASP
VIASP
Q4 25
$41.8M
Q3 25
$1.1B
$53.6M
Q2 25
$62.1M
Q1 25
$64.7M
Q4 24
$53.1M
Q3 24
$66.6M
Q2 24
$53.6M
Q1 24
$50.4M
Total Debt
FIGR
FIGR
VIASP
VIASP
Q4 25
$120.0M
Q3 25
$466.8M
$105.0M
Q2 25
$100.0M
Q1 25
$101.0M
Q4 24
$106.0M
Q3 24
$89.0M
Q2 24
$93.0M
Q1 24
$91.0M
Stockholders' Equity
FIGR
FIGR
VIASP
VIASP
Q4 25
$67.7M
Q3 25
$1.2B
$63.7M
Q2 25
$68.2M
Q1 25
$72.7M
Q4 24
$66.7M
Q3 24
$58.2M
Q2 24
$58.3M
Q1 24
$53.2M
Total Assets
FIGR
FIGR
VIASP
VIASP
Q4 25
$331.3M
Q3 25
$2.2B
$304.8M
Q2 25
$316.3M
Q1 25
$347.4M
Q4 24
$344.9M
Q3 24
$298.4M
Q2 24
$299.7M
Q1 24
$302.7M
Debt / Equity
FIGR
FIGR
VIASP
VIASP
Q4 25
1.77×
Q3 25
0.40×
1.65×
Q2 25
1.47×
Q1 25
1.39×
Q4 24
1.59×
Q3 24
1.53×
Q2 24
1.60×
Q1 24
1.71×

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
VIASP
VIASP
Operating Cash FlowLast quarter
$49.3M
$-4.2M
Free Cash FlowOCF − Capex
$-4.8M
FCF MarginFCF / Revenue
-3.7%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
0.55×
-0.61×
TTM Free Cash FlowTrailing 4 quarters
$39.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIGR
FIGR
VIASP
VIASP
Q4 25
$-4.2M
Q3 25
$49.3M
$2.4M
Q2 25
$19.0M
Q1 25
$24.9M
Q4 24
$2.0M
Q3 24
$20.1M
Q2 24
$11.2M
Q1 24
$17.1M
Free Cash Flow
FIGR
FIGR
VIASP
VIASP
Q4 25
$-4.8M
Q3 25
$1.9M
Q2 25
$18.4M
Q1 25
$23.5M
Q4 24
$1.6M
Q3 24
$19.7M
Q2 24
$10.9M
Q1 24
$16.6M
FCF Margin
FIGR
FIGR
VIASP
VIASP
Q4 25
-3.7%
Q3 25
1.9%
Q2 25
20.5%
Q1 25
16.5%
Q4 24
1.5%
Q3 24
21.0%
Q2 24
12.6%
Q1 24
14.6%
Capex Intensity
FIGR
FIGR
VIASP
VIASP
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.6%
Q1 25
1.0%
Q4 24
0.4%
Q3 24
0.4%
Q2 24
0.3%
Q1 24
0.4%
Cash Conversion
FIGR
FIGR
VIASP
VIASP
Q4 25
-0.61×
Q3 25
0.55×
3.12×
Q2 25
6.94×
Q1 25
2.84×
Q4 24
0.20×
Q3 24
9.41×
Q2 24
1.47×
Q1 24
2.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FIGR
FIGR

Segment breakdown not available.

VIASP
VIASP

Retail Electricity$79.7M62%
Retail Natural Gas$48.9M38%

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