Apr. 4 at 8:39 AM
$FIGR Numbers check — and they’re more bullish than most realize.
March marketplace volume came in around
$1.2B. Even if growth completely stalls (which is unlikely in seasonally strong months), holding that pace through Q2 implies ~
$3.6B total volume.
That’s ~24% QoQ growth vs ~
$2.9B in Q1 — with ZERO month-over-month expansion baked in.
Now layer in revenue: after printing roughly
$160M in Q4, Q1 should come in slightly higher. That sets a very reasonable Q2 base case near
$200M+.
Read that again — this is a conservative model, not a bull case.
If volume trends even slightly higher into summer, estimates start looking light.
Market often lags simple math like this… until it doesn’t.
