On September 2, Figure Technology Solutions declined 5.21% in regular trading, trading at $34.69/share, with turnover of approximately $54.77 million. The sell-off came one day after the company officially announced the completion of its acquisition of Kiavi, an AI-powered residential real estate lending platform.

The total transaction purchase price reached $717 million, with balance sheet assets acquired through a joint venture between Figure and Sixth Street. The deal is expected to add over $7 billion in new annual first-lien volume to the Figure Connect marketplace and over $100 million monthly to its Democratized Prime marketplace. Despite the strategic expansion, shares faced profit-taking pressure as investors locked in gains following a strong run-up driven by consecutive earnings beats — Q2 EPS of $0.35 topped estimates of $0.23 by over 52%, while revenue of $225.6 million surpassed the $208.2 million consensus.

Broader weakness across the Consumer Finance sector also weighed on sentiment, with peers SoFi Technologies declining 4.47% and Upstart Holdings falling 5.02%.

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