Figure Technology Solutions, Inc.
FIGR Nasdaq Loan Brokers Financials FY2023–FY2025
Revenue
Total sales reported in the income statement.
$507M
48.7%
vs prior year
Operating margin
Operating income as a share of revenue.
23.2%
20.5 pts
Net income
Profit after all expenses, interest and tax.
$134M
677.6%
Free cash flow
Cash from operations minus capital spending.
—
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
20.0%
18.4 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $0.90 EPS (TTM)
What Figure Technology Solutions, Inc. does
No business description yet.
- Legal name
- Figure Technology Solutions, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 16, 2026
- Accession · CIK
- 0002064124-26-000009
0002064124
Revenue and margins
Figure Technology Solutions, Inc. had $507M of revenue in fiscal 2025, up 48.7% on the year before.
FY23
Revenue $210M
FY24
Revenue $341M
FY25
Revenue $507M
Q3 '24
Revenue $101M
Q4 '24
Revenue $83.9M
Q1 '25
Revenue $84.5M
Q2 '25
Revenue $106M
Q3 '25
Revenue $156M
Q4 '25
Revenue $160M
Q1 '26
Revenue $167M
Q2 '26
Revenue $226M
FY23
Gross —
Operating −23.6%
Net −22.9%
FCF —
FY24
Gross —
Operating 2.7%
Net 5.0%
FCF —
FY25
Gross —
Operating 23.2%
Net 26.4%
FCF —
Gross
Operating
Net
FCF
Q3 '24
Gross —
Operating 25.9%
Net 27.1%
FCF —
Q4 '24
Gross —
Operating −1.0%
Net 6.5%
FCF —
Q1 '25
Gross —
Operating 9.6%
Net −1.0%
FCF —
Q2 '25
Gross —
Operating 26.1%
Net 28.2%
FCF —
Q3 '25
Gross —
Operating 33.7%
Net 57.3%
FCF —
Q4 '25
Gross —
Operating 18.1%
Net 9.5%
FCF —
Q1 '26
Gross —
Operating 25.1%
Net 26.9%
FCF —
Q2 '26
Gross —
Operating 34.5%
Net 38.8%
FCF —
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY23
Net income −$47.9M
FY24
Net income $17.2M
FY25
Net income $134M
Q3 '24
Net income $27.3M
Q4 '24
Net income $5.5M
Q1 '25
Net income −$0.8M
Q2 '25
Net income $29.9M
Q3 '25
Net income $89.6M
Q4 '25
Net income $15.2M
Q1 '26
Net income $44.9M
Q2 '26
Net income $87.4M
FY23
Diluted EPS −$0.93
FY24
Diluted EPS $0.00
FY25
Diluted EPS $0.44
Q3 '24
Diluted EPS $0.09
Q4 '24
Diluted EPS —
Q1 '25
Diluted EPS −$0.01
Q2 '25
Diluted EPS $0.08
Q3 '25
Diluted EPS $0.34
Q4 '25
Diluted EPS $0.03
Q1 '26
Diluted EPS $0.18
Q2 '26
Diluted EPS $0.35
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY23
Return on capital —
Return on equity −21.6%
Return on assets —
FY24
Return on capital 1.5%
Return on equity 6.0%
Return on assets 1.5%
FY25
Return on capital 20.0%
Return on equity 16.9%
Return on assets 7.7%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was — in fiscal 2025, — of revenue. Cash from operations minus capital spending.
FY23
Free cash flow —
FY24
Free cash flow —
FY25
Free cash flow —
FY23
Cash from operations −$33.4M
Capital spending —
FY24
Cash from operations −$127M
Capital spending —
FY25
Cash from operations $62.6M
Capital spending —
Cash from operations
Capital spending
Q3 '24
Cash from operations —
Capital spending —
Q4 '24
Cash from operations $87.4M
Capital spending —
Q1 '25
Cash from operations −$140M
Capital spending —
Q2 '25
Cash from operations $216M
Capital spending —
Q3 '25
Cash from operations −$26.8M
Capital spending —
Q4 '25
Cash from operations $13.3M
Capital spending —
Q1 '26
Cash from operations −$37.8M
Capital spending —
Q2 '26
Cash from operations −$35.2M
Capital spending —
Cash from operations
Capital spending
Dividends, buybacks and share count
Figure Technology Solutions, Inc. returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 95.2%.
FY23
Dividends —
Buybacks $0.0M
FY24
Dividends —
Buybacks $1.0M
FY25
Dividends —
Buybacks $0.0M
Dividends
Buybacks
Q3 '24
Dividends —
Buybacks —
Q4 '24
Dividends —
Buybacks —
Q1 '25
Dividends —
Buybacks $0.0M
Q2 '25
Dividends —
Buybacks $0.0M
Q3 '25
Dividends —
Buybacks —
Q4 '25
Dividends —
Buybacks —
Q1 '26
Dividends —
Buybacks $9.7M
Q2 '26
Dividends —
Buybacks $0.0M
Dividends
Buybacks
FY23
Diluted shares 0.05B
FY24
Diluted shares 0.07B
FY25
Diluted shares 0.14B
Balance sheet
Cash, debt and the ratios that show how comfortably Figure Technology Solutions, Inc. can carry it.
FY23
Cash $176M
Debt —
FY24
Cash $290M
Debt $473M
FY25
Cash $1.2B
Debt $557M
Cash
Debt
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $176M | $290M | $1.2B |
| Debt incl. finance leases | — | $473M | $557M |
| Debt / equity | — | 1.3x | 0.5x |
| Current ratio | — | 1.4x | 2.2x |
| Quick ratio | — | 1.4x | 2.2x |
| Total assets | — | $1.2B | $2.3B |
| Total liabilities | — | $796M | $1.1B |
| Shareholders' equity | $222M | $355M | $1.2B |
| Net debt (− = net cash) | — | $184M | −$641M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✕ | ✓ | ✓ |
| Cash from operations is positive | ✕ | ✕ | ✓ |
| Return on assets rose | — | — | ✓ |
| Cash from operations exceeds net income | ✓ | ✕ | ✕ |
| Debt fell relative to assets | — | — | ✓ |
| Current ratio rose | — | — | ✓ |
| Share count didn't rise | — | ✕ | ✕ |
| Gross margin rose | — | — | — |
| Revenue rose relative to assets | — | — | ✕ |
| F-score | — / 3 | — / 4 | 5 / 8 |
| Accruals ratio | — | 12.4% | 4.1% |
| Altman Z'' | — | 0.92 | 4.15 |
3 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Revenue | $210M | $341M | $507M |
| Research and development | $49.2M | $62.7M | $64.9M |
| Operating income | −$49.4M | $9.2M | $118M |
| Pretax income | −$52.3M | $22.1M | $114M |
| Income tax | $0.1M | $2.2M | −$20.6M |
| Net income | −$47.9M | $17.2M | $134M |
| Net income to common | −$47.9M | $0.0M | $62.0M |
| Diluted EPS | −$0.93 | $0.00 | $0.44 |
| Diluted shares | 0.05B | 0.07B | 0.14B |
| Cash flow | |||
| Cash from operations | −$33.4M | −$127M | $62.6M |
| Stock-based compensation | $13.5M | $38.7M | $62.4M |
| Share buybacks | $0.0M | $1.0M | $0.0M |
| Dividends and buybacks | $0.0M | $1.0M | $0.0M |
| Balance sheet | |||
| Cash and short-term investments | $176M | $290M | $1.2B |
| Total debt | — | $473M | $557M |
| Current assets | — | $855M | $1.9B |
| Current liabilities | — | $626M | $846M |
| Total assets | — | $1.2B | $2.3B |
| Total liabilities | — | $796M | $1.1B |
| Preferred stock | — | — | $0.0M |
| Shareholders' equity | $222M | $355M | $1.2B |
| Margins | |||
| Operating margin | −23.6% | 2.7% | 23.2% |
| Net margin | −22.9% | 5.0% | 26.4% |
| Returns | |||
| Return on capital | — | 1.5% | 20.0% |
| Return on capital employed | — | 1.7% | 8.0% |
| Return on equity | −21.6% | 6.0% | 16.9% |
| Return on assets | — | 1.5% | 7.7% |
| Return on tangible equity | −21.6% | 0.0% | 5.0% |
| Growth | |||
| Revenue growth | — | 62.7% | 48.7% |
| Net income growth | — | — | 677.6% |
| Share count change | — | 41.6% | 95.2% |
| Financial health | |||
| Debt / equity | — | 1.3x | 0.5x |
| Current ratio | — | 1.4x | 2.2x |
| Quick ratio | — | 1.4x | 2.2x |
| Capital allocation | |||
| Stock comp / revenue | 6.4% | 11.4% | 12.3% |
| Quality scores | |||
| Piotroski F-score | — | — | 5.0 |
| Altman Z'' | — | 0.9 | 4.1 |
| Accruals ratio | — | 12.4% | 4.1% |
Source: SEC EDGAR XBRL filings (CIK 0002064124). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.