Figure Technology Solutions, Inc. (FIGR)
Figure Technology Solutions, Inc. specializes in creating and operating advanced blockchain-based platforms, primarily serving the consumer finance industry. The company provides a comprehensive suite of distributed ledger technology solutions designed to facilitate various marketplace activities, including lending, trading, and investing. Founded in 2018, Figure Technology Solutions is based in Reno, Nevada. The entity was formerly known as FT Intermediate, Inc., adopting its current name in August 2025.
Sector: Loan Brokers
Industry: Financial - Capital Markets
Figure Technology Solutions, Inc. Class A Common Stock
NASDAQ:FIGRFinancial Services · Financial - Capital Markets
+8.73%$22.73
CLOSED · Nov 6Prev close$20.90+8.73%Close$22.73+0.68%AH close$22.88
AH$22.88+0.68%vs close
Mkt Cap$4B
Float134.83M
O/S176.1M
VOL5.59M sh
$ Vol$124.29M
RVOL1.06×
Inst Own71.7%
SI15.8%
Dilution
Financials Summary
Revenue$457.21M
Net Income$133.86M
Total Assets$2.32B
Free Cash Flow$41.92M
Debt & Equity
Debt 44%
Equity 56%
Total Debt$946.69M
Total Equity$1.23B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FIGR's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.32B
Liabilities$1.08B
Accounts Receivable$52.02M
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Revenue | $457.21M | $279.31M | $166.89M |
| YoY Growth | 63.7% | 67.4% | - |
| Cost of Revenue | $97.56M | $21.57M | $18.72M |
| Gross Profit | $359.65M | $257.74M | $148.17M |
| Gross Margin | 78.7% | 92.3% | 88.8% |
| Research and Development | $0 | $62.66M | $49.15M |
| Selling, General, and Administrative | $208.06M | $110.39M | $71.2M |
| Other | -$14.58M | $75.45M | $77.25M |
| Total Operating Expenses | $193.48M | $248.5M | $197.61M |
| Operating Income (EBIT) | $166.16M | $9.23M | -$49.44M |
| Operating Margin | 36.3% | 3.3% | -29.6% |
| Interest Expense | $48.87M | $56.41M | $49.2M |
| Interest Income | $74.81M | $48.21M | $48.16M |
| Other Income (Expense) | -$52.49M | $12.86M | -$2.9M |
| Income Before Tax (EBT) | $113.67M | $22.09M | -$52.34M |
| Income Tax Expense | -$20.61M | $2.18M | $102K |
| Net Income | $133.86M | $17.21M | -$47.94M |
| Net Income Margin | 29.3% | 6.2% | -28.7% |
| Supplementary Data | |||
| EPS | 0.54 | 0.08 | -0.23 |
| Diluted EPS | 0.44 | 0.08 | -0.23 |
| Weighted Average OS | 228.87M | 207.14M | 207.14M |
| EBITDA | $178.8M | $95.62M | $16.24M |
| EBITDA Margin | 39.1% | 34.2% | 9.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $1.27B | $287.26M | $116.55M |
| Short-Term Investments | $97M | $77.86M | $5.87M |
| Cash and Short-Term Investments | $1.36B | $365.12M | $122.41M |
| Accounts Receivable | $52.02M | $416.92M | $272.82M |
| Inventory | $0 | $0 | $0 |
| Other Current Assets | $445.41M | $72.65M | $63.05M |
| Total Current Assets | $1.86B | $854.69M | $458.28M |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 |
| Long-Term Investments | $396.66M | $173.19M | $37.07M |
| Deferred Tax Assets | $62.72M | $0 | $0 |
| Other Long-Term Assets | -$3.06M | $131.69M | $164.72M |
| Total Long-Term Assets | $456.32M | $304.89M | $201.79M |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $2.32B | $1.16B | $660.07M |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $0 | $37.22M | $20.14M |
| Short-Term Debt | $712.37M | $517.91M | $384.22M |
| Current Income Tax Payable | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 |
| Other Current Liabilities | $133.63M | $70.4M | $2.52M |
| Total Current Liabilities | $846.01M | $625.53M | $406.88M |
| Long-Term Liabilities | |||
| Long-Term Debt | $230.14M | $167.88M | $25.05M |
| Long-Term Unearned Revenue | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 |
| Total Long-Term Liabilities | $234.32M | $170.67M | $30.77M |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $1.08B | $796.2M | $437.64M |
| Stockholders' Equity | |||
| Preferred Stock | $0 | $2K | $1K |
| Common Stock | $23K | $2K | $1K |
| Retained Earnings | -$186.99M | -$320.85M | -$338.06M |
| Comprehensive Income & Other | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.42B | $675.95M | $555.13M |
| Total Equity | $1.23B | $355.1M | $217.07M |
| Minority Interest | $8.36M | $8.28M | $5.35M |
| Total Liabilities and Equity | $2.31B | $1.15B | $654.72M |
| Supplementary Data | |||
| Total Debt | $946.69M | $688.59M | $414.99M |
| Net Debt | -$320.09M | $401.33M | $298.44M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Operating Activities | |||
| Net Income | $134.28M | $19.91M | -$52.44M |
| Depreciation & Amortization | $16.25M | $17.11M | $19.38M |
| Deferred Income Tax | $0 | $0 | $0 |
| Stock-Based Compensation | $62.36M | $38.73M | $13.45M |
| Changes in Working Capital: | |||
| Accounts Receivable | -$33.04M | $4.78B | $3.29B |
| Inventory | $0 | $0 | $0 |
| Accounts Payable | -$38.93M | $0 | $0 |
| Other Working Capital | -$6.49B | -$4.84B | -$3.24B |
| Total Working Capital Change | -$6.56B | -$60.19M | $48.22M |
| Other Non-Cash Items | $6.41B | -$151.58M | -$57.47M |
| Net Cash from Operating | $62.57M | -$136.01M | -$28.87M |
| Investing Activities | |||
| Capital Expenditures | -$20.65M | -$16.63M | -$17.26M |
| Acquisitions | $0 | $0 | $0 |
| Purchases of Investments | -$116.68M | -$30.1M | -$817K |
| Sales of Investments | $75.25M | $16.09M | $0 |
| Other Investing Activities | $797K | -$221K | -$4.03M |
| Net Cash from Investing | -$61.27M | -$30.86M | -$22.11M |
| Financing Activities | |||
| Debt Repaid | -$83.55M | -$185.03M | -$12.63M |
| Common Stock Issuance | $667.44M | $0 | $0 |
| Common Stock Repurchases | $0 | -$1M | $0 |
| Dividends Paid | $0 | -$2.81M | -$345K |
| Other Financing Activities | -$160K | -$273K | $527K |
| Net Cash from Financing | $918.04M | $336.12M | $65.79M |
| Forex Effect | $0 | $0 | $0 |
| Net Change in Cash | $919.33M | $169.25M | $14.81M |
| Supplementary Data | |||
| Operating Cash Flow | $62.57M | -$136.01M | -$28.87M |
| Capital Expenditure | -$20.65M | -$16.63M | -$17.26M |
| Free Cash Flow | $41.92M | -$152.64M | -$46.13M |
| Cash at Beginning | $347.45M | $175.78M | $160.97M |
| Cash at End | $1.27B | $345.03M | $175.78M |