Figure Technology Solutions, Inc. FIGR
Figure is building the future of capital markets using blockchain-based technology.
Figure's proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity. Using our technology, we continue to develop dynamic, vertically-integrated marketplaces across the approximately $2 trillion consumer credit market and the rapidly growing approximately $3 trillion cryptocurrency and digital asset market. As a result, Figure has grown quickly in a capital-efficient manner since our founding, and more recently we have achieved strong and growing profitability, with net income of $134.3 million and Adjusted EBITDA of $251.2 million for the year ended December 31, 2025, compared to net income of $19.9 million and Adjusted EBITDA of $101.4 million for the year ended December 31, 2024, and accumulated deficit of $187.0 million and total stockholders' equity of $1.2 billion as of December 31, 2025, compared to accumulated deficit of $320.9 million and total stockholders' equity of $363.4 million, as of December 31, 2024. See the section titled "Non-GAAP Financial Measures" for information regarding our use of Adjusted Net Revenue and Adjusted EBITDA and a reconciliation of such Non-GAAP Financial Measures to our most directly comparable financial measures calculated and presented in accordance with accounting principles generally accepted in the United States ("GAAP").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $506.9M | $340.9M | $209.5M | — |
| R&D | $64.9M | $62.7M | $49.2M | — |
| SG&A | $132.0M | $104.3M | $58.8M | — |
| Total operating expenses | $389.3M | $331.6M | $259.0M | — |
| Operating income | $117.5M | $9.2M | -$49.4M | — |
| Pre-tax income | $113.7M | $22.1M | -$52.3M | — |
| Income tax | $20.6M | $2.2M | $102.0K | — |
| Net income | $133.9M | $17.2M | -$47.9M | — |
| EPS, basic | 0.54 | 0.00 | -0.93 | — |
| EPS, diluted | 0.44 | 0.00 | -0.93 | — |
| Shares, diluted (wtd. avg.) | 141.8M | 72.6M | 51.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $1.20B | $289.7M | $175.8M | $161.0M |
| Receivables | $52.0M | $21.0M | — | — |
| Total current assets | $1.86B | $854.7M | — | — |
| Total assets | $2.32B | $1.16B | — | — |
| Accounts payable | $29.5M | $37.2M | — | — |
| Total current liabilities | $846.0M | $625.5M | — | — |
| Long-term debt | $230.1M | $167.9M | — | — |
| Total liabilities | $1.08B | $796.2M | — | — |
| Retained earnings | -$187.0M | -$320.9M | — | — |
| Total equity | $1.23B | $355.1M | $222.4M | $260.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $62.6M | -$127.0M | -$33.4M | — |
| Stock-based compensation | $62.4M | $38.7M | $13.4M | — |
| Investing cash flow | -$61.3M | -$37.4M | -$17.6M | — |
| Financing cash flow | $918.0M | $336.1M | $65.8M | — |
| Buybacks | $0 | $1.0M | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0002064124-26-000009.
Plot the figures US dollars
- Total current liabilities
- Total liabilities
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Total current liabilities | — | — | $625.5M | $846.0M |
| Total liabilities | — | — | $796.2M | $1.08B |
Recent filings and events
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Other event Item 8.01
- Material agreement signed Item 1.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6163
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| TREE | LendingTree, Inc. | $398.0M | 2.6x | 24.1% |
| BETR | Better Home & Finance Holding Co | $270.0M | — | 52.0% |
| FINV | FinVolution Group | — | — | 8.4% |