Figure Technology Solutions, Inc.

Listed Company

FGRSCIK 0002064124OTCNon-AcceleratedEmerging GrowthLoan BrokersDelawareFY ends Dec 31

Period

FY 2025

Revenue

$506.87M

Net Income

$133.86M

Total Assets

$2.32B

Equity

$1.23B

Shares Out

69.30M

Op. Cash Flow

$62.57M

Business

Figure Technology Solutions, Inc. is a publicly listed company in Loan Brokers, incorporated in Delaware. Common stock trades on Nasdaq under the ticker FIGR.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

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