Figure Technology Solutions, Inc.
Business
Figure Technology Solutions, Inc. builds blockchain-based technology platforms for lending, trading, and investing in consumer credit and digital assets. The company offers a Loan Origination System (LOS) for home equity loans, Figure Connect (a secondary-market loan marketplace), Figure Exchange (a digital asset trading platform), YLDS (an interest-bearing stablecoin), and Democratized Prime (a decentralized finance lending platform). Figure generates revenue through origination fees, gain-on-sale, servicing fees, and volume-based fees from partners and users; it also operates as a licensed lender, money transmitter, and SEC-registered broker-dealer with an alternative trading system.
Summary from 10-K filed 2026-07-01
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Ecosystem and technology fees | 121 | 28 | 11 | |
| Servicing fees | 32 | 25 | 19 | |
| Interest income | 75 | 48 | 48 | |
| Origination fees | 73 | 65 | 59 | |
| Gain on sale of loans, net | 180 | 140 | 50 | |
| Gain on servicing asset, net | 25 | 33 | 22 | |
| Other revenue | 3 | 1 | 1 | |
| Total net revenue | 507 | 341 | 210 | |
| General and administrative | 132 | 104 | 59 | |
| Technology and product development | 65 | 63 | 49 | |
| Operations and processing | 65 | 44 | 39 | |
| Sales and marketing | 76 | 56 | 53 | |
| Interest expense | 49 | 56 | 49 | |
| Other expense | 2 | 8 | 10 | |
| Total expenses | 389 | 332 | 259 | |
| Operating income (loss) | 118 | 9 | −49 | |
| Other (expense) income, net | −4 | 13 | −3 | |
| Income (loss) before income taxes | 114 | 22 | −52 | |
| Income tax (benefit) provision | −21 | 2 | 100,000 | |
| Net income (loss) | 134 | 20 | −52 | |
| Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries | 423,000 | 3 | −5 | |
| Net income (loss) attributable to Figure Technology Solutions, Inc. | 134 | 17 | −48 | |
| Basic (USD per share) | 0.54 | 0 | −0.93 | |
| Diluted (USD per share) | 0.44 | 0 | −0.93 | |
| Basic (in shares) | 114 | 65 | 51 | |
| Diluted (in shares) | 142 | 73 | 51 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 1,198 | 290 | — | — | |
| Restricted cash | 69 | 58 | — | — | |
| Loans held for sale, at fair value | 404 | 396 | 256 | — | |
| Digital assets ($84,867 and $73,942 at fair value) | 97 | 75 | — | — | |
| Accounts receivable, net | 52 | 21 | — | — | |
| Other current assets | 42 | 15 | — | — | |
| Total current assets | 1,861 | 855 | — | — | |
| Loan servicing asset, at fair value | 113 | 88 | 56 | — | |
| Marketable securities, at fair value | 273 | 163 | — | — | |
| Digital assets, non-current | 4 | 10 | — | — | |
| Loan to related parties | 0 | 9 | — | — | |
| Deferred income taxes, net | 26 | 0 | — | — | |
| Other non-current assets | 40 | 34 | — | — | |
| Total assets | 2,318 | 1,160 | — | — | |
| Accounts payable and accrued liabilities | 30 | 37 | — | — | |
| Payables to third-party loan owners | 384 | 213 | — | — | |
| Other current liabilities | 106 | 70 | — | — | |
| Total current liabilities | 846 | 626 | — | — | |
| Debt, non-current | 230 | 168 | — | — | |
| Lease liability, non-current | 4 | 3 | — | — | |
| Total liabilities | 1,080 | 796 | — | — | |
| Additional paid-in capital | 1,416 | 676 | — | — | |
| Accumulated deficit | −187 | −321 | — | — | |
| Total Figure Technology Solutions, Inc. stockholders' equity | 1,229 | 355 | — | — | |
| Noncontrolling interests in consolidated subsidiaries | 8 | 8 | — | — | |
| Total stockholders' equity | 1,237 | 363 | 222 | 260 | |
| Total liabilities and stockholders' equity | 2,318 | 1,160 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Gain on sale of loans, net | −174 | −140 | −50 | |
| Loss (gain) on sale of digital assets | 3 | −10 | −5 | |
| Income (loss) from fund and equity method investments | 1 | −3 | 8 | |
| Amortization of deferred financing costs | 1 | 1 | 330,000 | |
| Amortization of internally developed software | 16 | 17 | 19 | |
| Impairment of internally developed software costs | 0 | 9 | 0 | |
| Impairment of digital assets | 0 | 6 | 572,000 | |
| Other asset impairment charge | 0 | 5 | 0 | |
| Services exchanged for issuance of warrants | 9 | 7 | 0 | |
| Noncash dissolution of subsidiary | 0 | 0 | 402,000 | |
| Stock-based compensation expense | 62 | 39 | 13 | |
| Losses on repurchased loans | 2 | 8 | 10 | |
| Deferred income taxes, net | −26 | 0 | 0 | |
| Proceeds from loan sales, net of repurchases | 6,618 | 4,667 | 3,255 | |
| Originations of loans held for sale | −3,621 | −3,165 | −1,981 | |
| Purchases of loans held for sale | −3,269 | −1,975 | −1,542 | |
| Principal payments on loans held for sale | 429 | 423 | 315 | |
| Accounts receivable, net | −33 | −4 | −7 | |
| Other assets | −28 | −11 | 8 | |
| Accounts payable and other liabilities | −39 | 14 | −4 | |
| Net cash provided by (used in) operating activities | 63 | −127 | −33 | |
| Capitalization of internally developed software costs | −21 | −17 | −17 | |
| Investment contributions | −2 | −3 | 0 | |
| Purchases of digital assets | −6 | −12 | −817,000 | |
| Proceeds from sales of digital assets | 11 | 3 | 0 | |
| Note receivable issued to related parties | 0 | −2 | −4 | |
| Payment on note receivable from related parties | 0 | 809,000 | 0 | |
| Realized losses on futures | −6 | 0 | 0 | |
| Purchases of marketable securities | −102 | −25 | 0 | |
| Proceeds from sale of marketable securities | 0 | 872,000 | 602,000 | |
| Principal payments on marketable securities | 64 | 15 | 4 | |
| Other investing activities | 797,000 | 1 | 0 | |
| Net cash used in investing activities | −61 | −37 | −18 | |
| Payments of deferred financing costs | −1 | −2 | −616,000 | |
| Proceeds from issuance of common stock in connection with initial public offering, net of underwriting discounts and commissions | 663 | 0 | 0 | |
| Proceeds from servicing activity on behalf of third-party loan owners | 167 | 82 | 53 | |
| Fees paid in connection with the initial public offering | −9 | 0 | 0 | |
| Net Proceeds from issuance of preferred stock | 0 | 72 | 0 | |
| Distributions to shareholders | 0 | −3 | 0 | |
| Common stock repurchase and retirement | 0 | −1 | 0 | |
| Proceeds from exercises of stock options | 13 | 3 | 1 | |
| Other financing activities | −160,000 | 248,000 | −345,000 | |
| Net cash provided by financing activities | 918 | 336 | 66 | |
| Net increase in cash, cash equivalents, and restricted cash | 919 | 172 | 15 | |
| Cash paid during the period for interest | 50 | 55 | 45 | |
| Cash paid during the period for income taxes | 10 | 48,000 | 30,000 | |
| Non-cash principal payments on debt | −15 | 0 | 0 | |
| Non-cash principal payments on debt, related parties | −286,000 | 0 | 0 | |
| Receipt of liquidity pool tokens | −25 | 0 | 0 | |
| Sale of liquidity pool tokens | 2 | 0 | 0 | |
| Related party debt issued at receipt of liquidity pool tokens | 14 | 0 | 0 | |
| Loan to related party settlement | 10 | 0 | 0 | |
| Right of use assets obtained in exchange for operating lease liabilities | 3 | 0 | 0 | |
| Unrealized losses on futures | 113,000 | 0 | 0 | |
| Distributions from Onshore Solana Fund | 2 | 547,000 | 0 | |
| Stock-based compensation included in capitalized internally developed software | 558,000 | 530,000 | 0 | |
| Marketable securities retained in securitization transactions | −55 | −116 | −42 | |
| Transfers from held for investment to held for sale | 0 | 59 | 53 | |
| Other non-cash investing and financing activities | 0 | 25,000 | 399,000 | |
| Contribution from related party | 0 | 2 | 0 | |
| Other capital contributions | 0 | 3 | 0 | |
| Other capital charges | 0 | 5 | 0 | |
| Transfers from held for sale to held for investment | 0 | 0 | 22 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Figure Technology Solutions, Inc.'s CIK number?
Figure Technology Solutions, Inc.'s SEC CIK number is 0002064124 (2064124). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Figure Technology Solutions, Inc.'s SEC filings?
All of Figure Technology Solutions, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Figure Technology Solutions, Inc. last report earnings?
Figure Technology Solutions, Inc. (FIGR) most recently filed an earnings 8-K with the SEC on Jul 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-032386). This is Figure Technology Solutions, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Figure Technology Solutions, Inc.'s most recent earnings 8-K?
Figure Technology Solutions, Inc.'s latest earnings 8-K (Item 2.02) was filed Jul 7, 2026 under accession 0001493152-26-032386. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Figure Technology Solutions, Inc.'s latest earnings 8-K →
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