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Figure Technology Solutions (FIGR) Financials

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$36.99 -0.31 (-0.83%)
As of 11:02 AM Eastern
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Annual Income Statements for Figure Technology Solutions

Annual Income Statements for Figure Technology Solutions

This table shows Figure Technology Solutions' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-48 17 134
Consolidated Net Income / (Loss)
-52 20 134
Net Income / (Loss) Continuing Operations
-52 20 134
Total Pre-Tax Income
-52 22 114
Total Operating Income
-49 9.24 118
Total Gross Profit
171 296 442
Total Revenue
210 341 507
Operating Revenue
210 341 507
Total Cost of Revenue
39 44 65
Operating Cost of Revenue
39 44 65
Total Operating Expenses
220 287 324
Selling, General & Admin Expense
59 104 132
Marketing Expense
53 56 76
Research & Development Expense
49 63 65
Other Operating Expenses / (Income)
59 65 51
Total Other Income / (Expense), net
-2.90 13 -3.85
Other Income / (Expense), net
-2.90 13 -3.85
Income Tax Expense
0.10 2.18 -21
Net Income / (Loss) Attributable to Noncontrolling Interest
-4.51 2.70 0.42
Basic Earnings per Share
($0.93) $0.00 $0.54
Weighted Average Basic Shares Outstanding
51.31M 65.02M 114.44M
Diluted Earnings per Share
($0.93) $0.00 $0.44
Weighted Average Diluted Shares Outstanding
51.31M 72.64M 141.80M
Weighted Average Basic & Diluted Shares Outstanding
- - 216.35M

Quarterly Income Statements for Figure Technology Solutions

This table shows Figure Technology Solutions' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q3 2025
Period end date 9/30/2024 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders
27 90
Consolidated Net Income / (Loss)
27 90
Net Income / (Loss) Continuing Operations
27 90
Total Pre-Tax Income
29 58
Total Operating Income
26 53
Total Gross Profit
90 138
Total Revenue
101 156
Operating Revenue
101 156
Total Cost of Revenue
11 18
Operating Cost of Revenue
11 18
Total Operating Expenses
64 85
Selling, General & Admin Expense
16 36
Marketing Expense
15 22
Research & Development Expense
16 16
Other Operating Expenses / (Income)
17 11
Total Other Income / (Expense), net
2.54 5.64
Other Income / (Expense), net
2.54 5.64
Income Tax Expense
1.25 -31
Net Income / (Loss) Attributable to Noncontrolling Interest
0.09 0.25
Basic Earnings per Share
$0.09 $0.42
Weighted Average Basic Shares Outstanding
68.57M 103.57M
Diluted Earnings per Share
$0.09 $0.34
Weighted Average Diluted Shares Outstanding
73.59M 129.92M
Weighted Average Basic & Diluted Shares Outstanding
- 213.99M

Annual Cash Flow Statements for Figure Technology Solutions

This table details how cash moves in and out of Figure Technology Solutions' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
15 172 919
Net Cash From Operating Activities
-33 -127 63
Net Cash From Continuing Operating Activities
-33 -127 63
Net Income / (Loss) Continuing Operations
-52 20 134
Consolidated Net Income / (Loss)
-52 20 134
Amortization Expense
20 18 17
Non-Cash Adjustments To Reconcile Net Income
3.12 -164 37
Changes in Operating Assets and Liabilities, net
-3.75 -0.93 -126
Net Cash From Investing Activities
-18 -37 -61
Net Cash From Continuing Investing Activities
-18 -37 -61
Purchase of Property, Plant & Equipment
-17 -17 -21
Acquisitions
0.00 -3.31 -2.48
Purchase of Investments
0.00 -25 -108
Sale and/or Maturity of Investments
4.48 16 64
Other Investing Activities, net
-4.85 -8.50 6.41
Net Cash From Financing Activities
66 336 918
Net Cash From Continuing Financing Activities
66 336 918
Repayment of Debt
-2,780 -4,441 -5,955
Repurchase of Common Equity
0.00 -1.00 -8.76
Payment of Dividends
0.00 -2.77 0.00
Issuance of Debt
2,791 4,624 6,039
Issuance of Preferred Equity
0.00 72 0.00
Issuance of Common Equity
0.00 0.00 663
Other Financing Activities, net
54 85 180
Cash Interest Paid
45 55 50
Cash Income Taxes Paid
0.03 0.05 10

Quarterly Cash Flow Statements for Figure Technology Solutions

This table details how cash moves in and out of Figure Technology Solutions' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q4 2025
Period end date 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
46 103
Net Cash From Operating Activities
87 13
Net Cash From Continuing Operating Activities
87 13
Net Income / (Loss) Continuing Operations
5.89 15
Consolidated Net Income / (Loss)
5.89 15
Amortization Expense
4.18 4.16
Non-Cash Adjustments To Reconcile Net Income
80 83
Changes in Operating Assets and Liabilities, net
-3.05 -89
Net Cash From Investing Activities
-6.48 -40
Net Cash From Continuing Investing Activities
-6.48 -40
Purchase of Property, Plant & Equipment
-4.13 -4.57
Purchase of Investments
-25 -103
Sale and/or Maturity of Investments
16 63
Other Investing Activities, net
6.66 3.71
Net Cash From Financing Activities
-35 130
Net Cash From Continuing Financing Activities
-35 130
Repayment of Debt
-1,222 -1,779
Issuance of Debt
1,165 1,869
Other Financing Activities, net
24 48
Cash Interest Paid
14 14
Cash Income Taxes Paid
- 2.39

Annual Balance Sheets for Figure Technology Solutions

This table presents Figure Technology Solutions' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2025
Period end date 12/31/2024 12/31/2025
Total Assets
1,160 2,318
Total Current Assets
855 1,861
Cash & Equivalents
290 1,198
Restricted Cash
58 69
Accounts Receivable
21 52
Other Current Assets
90 138
Other Current Nonoperating Assets
396 404
Plant, Property, & Equipment, net
0.00 0.00
Total Noncurrent Assets
305 456
Long-Term Investments
163 273
Noncurrent Note & Lease Receivables
9.37 0.00
Noncurrent Deferred & Refundable Income Taxes
0.00 26
Other Noncurrent Operating Assets
132 157
Total Liabilities & Shareholders' Equity
1,160 2,318
Total Liabilities
796 1,080
Total Current Liabilities
626 846
Short-Term Debt
305 327
Accounts Payable
37 30
Other Current Liabilities
283 489
Total Noncurrent Liabilities
171 234
Long-Term Debt
168 230
Other Noncurrent Operating Liabilities
2.79 4.17
Total Equity & Noncontrolling Interests
363 1,237
Total Preferred & Common Equity
355 1,229
Preferred Stock
0.00 0.00
Total Common Equity
355 1,229
Common Stock
676 1,416
Retained Earnings
-321 -187
Noncontrolling Interest
8.28 8.36

Quarterly Balance Sheets for Figure Technology Solutions

This table presents Figure Technology Solutions' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2025
Period end date 9/30/2025
Total Assets
2,157
Total Current Assets
1,760
Cash & Equivalents
1,097
Restricted Cash
65
Accounts Receivable
46
Other Current Assets
163
Other Current Nonoperating Assets
389
Plant, Property, & Equipment, net
0.00
Total Noncurrent Assets
397
Long-Term Investments
240
Noncurrent Note & Lease Receivables
9.93
Other Noncurrent Operating Assets
147
Total Liabilities & Shareholders' Equity
2,157
Total Liabilities
980
Total Current Liabilities
778
Short-Term Debt
269
Accounts Payable
55
Other Current Liabilities
454
Total Noncurrent Liabilities
202
Long-Term Debt
198
Other Noncurrent Operating Liabilities
4.23
Total Equity & Noncontrolling Interests
1,177
Total Preferred & Common Equity
1,168
Preferred Stock
0.00
Total Common Equity
1,168
Common Stock
1,370
Retained Earnings
-202
Noncontrolling Interest
8.74

Annual Metrics And Ratios for Figure Technology Solutions

This table displays calculated financial ratios and metrics derived from Figure Technology Solutions' official financial filings.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
0.00 0.00 213,993,559.00
DEI Adjusted Shares Outstanding
0.00 0.00 213,993,559.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 0.00 0.63
Growth Metrics
- - -
Profitability Metrics
- - -
Net Operating Profit after Tax (NOPAT)
-35 8.32 139
Return On Investment Capital (ROIC_SIMPLE)
- 1.00% 7.74%
Earnings before Interest and Taxes (EBIT)
-52 22 114
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-33 40 131
Valuation Ratios
- - -
Leverage & Solvency
- - -
Liquidity Ratios
- - -
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
0.00 79 218
Efficiency Ratios
- - -
Capital & Investment Metrics
- - -
Invested Capital
0.00 -70 -150
Increase / (Decrease) in Invested Capital
0.00 -70 -80
Book Value per Share
$0.00 $5.46 $5.74
Tangible Book Value per Share
$0.00 $5.46 $5.74
Total Capital
0.00 837 1,794
Total Debt
0.00 473 557
Total Long-Term Debt
0.00 168 230
Net Debt
0.00 -38 -983
Capital Expenditures (CapEx)
17 17 21
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 187 76
Debt-free Net Working Capital (DFNWC)
0.00 534 1,342
Net Working Capital (NWC)
0.00 229 1,015
Net Nonoperating Expense (NNE)
18 -12 4.55
Net Nonoperating Obligations (NNO)
0.00 -434 -1,387
Total Depreciation and Amortization (D&A)
20 18 17
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.54
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 114.44M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.44
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 141.80M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 216.35M
Normalized Net Operating Profit after Tax (NOPAT)
-35 8.32 82
Debt Service Ratios
- - -
Payout Ratios
- - -

Quarterly Metrics And Ratios for Figure Technology Solutions

This table displays calculated financial ratios and metrics derived from Figure Technology Solutions' official financial filings.

Metric Q3 2024 Q3 2025
Period end date 9/30/2024 9/30/2025
DEI Shares Outstanding
0.00 0.00
DEI Adjusted Shares Outstanding
0.00 0.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 0.00
Growth Metrics
- -
Revenue Growth
0.00% 54.81%
EBITDA Growth
0.00% 103.48%
EBIT Growth
0.00% 103.48%
NOPAT Growth
0.00% 224.62%
Net Income Growth
0.00% 227.49%
EPS Growth
0.00% 277.78%
Operating Cash Flow Growth
0.00% 0.00%
Free Cash Flow Firm Growth
0.00% 0.00%
Invested Capital Growth
0.00% 0.00%
Revenue Q/Q Growth
0.00% 0.00%
EBITDA Q/Q Growth
0.00% 0.00%
EBIT Q/Q Growth
0.00% 0.00%
NOPAT Q/Q Growth
0.00% 0.00%
Net Income Q/Q Growth
0.00% 0.00%
EPS Q/Q Growth
0.00% 0.00%
Operating Cash Flow Q/Q Growth
0.00% 0.00%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00%
Invested Capital Q/Q Growth
0.00% 0.00%
Profitability Metrics
- -
Gross Margin
88.78% 88.35%
EBITDA Margin
28.39% 37.32%
Operating Margin
25.88% 33.71%
EBIT Margin
28.39% 37.32%
Profit (Net Income) Margin
27.15% 57.44%
Tax Burden Percent
95.63% 153.91%
Interest Burden Percent
100.00% 100.00%
Effective Tax Rate
4.37% -53.91%
Return on Invested Capital (ROIC)
0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00%
Return on Equity (ROE)
0.00% 0.00%
Cash Return on Invested Capital (CROIC)
0.00% 0.00%
Operating Return on Assets (OROA)
0.00% 0.00%
Return on Assets (ROA)
0.00% 0.00%
Return on Common Equity (ROCE)
0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
25 81
NOPAT Margin
24.75% 51.89%
Net Nonoperating Expense Percent (NNEP)
0.00% 1.31%
Return On Investment Capital (ROIC_SIMPLE)
- 4.94%
Cost of Revenue to Revenue
11.22% 11.65%
SG&A Expenses to Revenue
15.73% 23.26%
R&D to Revenue
15.92% 10.18%
Operating Expenses to Revenue
62.90% 54.64%
Earnings before Interest and Taxes (EBIT)
29 58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
29 58
Valuation Ratios
- -
Price to Book Value (P/BV)
0.00 4.05
Price to Tangible Book Value (P/TBV)
0.00 4.05
Price to Revenue (P/Rev)
0.00 0.00
Price to Earnings (P/E)
0.00 0.00
Dividend Yield
0.00% 0.00%
Earnings Yield
0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00
Enterprise Value to Revenue (EV/Rev)
0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00
Leverage & Solvency
- -
Debt to Equity
0.00 0.40
Long-Term Debt to Equity
0.00 0.17
Financial Leverage
0.00 -1.13
Leverage Ratio
0.00 1.83
Compound Leverage Factor
0.00 1.83
Debt to Total Capital
0.00% 28.40%
Short-Term Debt to Total Capital
0.00% 16.36%
Long-Term Debt to Total Capital
0.00% 12.04%
Preferred Equity to Total Capital
0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.53%
Common Equity to Total Capital
0.00% 71.07%
Debt to EBITDA
0.00 0.00
Net Debt to EBITDA
0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00
Debt to NOPAT
0.00 0.00
Net Debt to NOPAT
0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00
Altman Z-Score
0.00 0.00
Noncontrolling Interest Sharing Ratio
0.00% 0.00%
Liquidity Ratios
- -
Current Ratio
0.00 2.26
Quick Ratio
0.00 1.47
Cash Flow Metrics
- -
Free Cash Flow to Firm (FCFF)
0.00 228
Operating Cash Flow to CapEx
0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00
Efficiency Ratios
- -
Asset Turnover
0.00 0.00
Accounts Receivable Turnover
0.00 0.00
Inventory Turnover
0.00 0.00
Fixed Asset Turnover
0.00 0.00
Accounts Payable Turnover
0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00
Capital & Investment Metrics
- -
Invested Capital
0.00 -147
Invested Capital Turnover
0.00 0.00
Increase / (Decrease) in Invested Capital
0.00 -147
Enterprise Value (EV)
0.00 3,799
Market Capitalization
788 4,725
Book Value per Share
$0.00 $11.28
Tangible Book Value per Share
$0.00 $11.28
Total Capital
0.00 1,643
Total Debt
0.00 467
Total Long-Term Debt
0.00 198
Net Debt
0.00 -935
Capital Expenditures (CapEx)
0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 89
Debt-free Net Working Capital (DFNWC)
0.00 1,250
Net Working Capital (NWC)
0.00 982
Net Nonoperating Expense (NNE)
-2.43 -8.68
Net Nonoperating Obligations (NNO)
0.00 -1,324
Total Depreciation and Amortization (D&A)
0.00 0.00
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 0.00%
Debt-free Net Working Capital to Revenue
0.00% 0.00%
Net Working Capital to Revenue
0.00% 0.00%
Earnings Adjustments
- -
Adjusted Basic Earnings per Share
$0.00 $0.42
Adjusted Weighted Average Basic Shares Outstanding
0.00 103.57M
Adjusted Diluted Earnings per Share
$0.00 $0.34
Adjusted Weighted Average Diluted Shares Outstanding
0.00 129.92M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 213.99M
Normalized Net Operating Profit after Tax (NOPAT)
25 37
Normalized NOPAT Margin
24.75% 23.60%
Pre Tax Income Margin
28.39% 37.32%
Debt Service Ratios
- -
EBIT to Interest Expense
0.00 0.00
NOPAT to Interest Expense
0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00
Payout Ratios
- -
Dividend Payout Ratio
0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways for Figure Technology Solutions, Inc. (FIGR) based on the latest quarterly statements available (Q4 2025 cash flow, Q3 2025 income statement and balance sheet, plus Q4 2024 and Q3 2024 data). The bullets focus on the most relevant drivers for investors over the past year and into the near term.

  • Solid revenue growth: Q3 2025 revenue was $156.365M, up from Q3 2024's $101.007M (roughly +55%).
  • Material net income expansion: Net income attributable to common shareholders rose to $89.576M in Q3 2025 from $27.339M in Q3 2024.
  • Earnings per share improvement: Basic EPS is $0.42 (Q3 2025) versus $0.09 (Q3 2024), aided by a larger float and profitability gains.
  • Strong liquidity position: Cash and cash equivalents stood at about $1.10B on the Q3 2025 balance sheet, providing substantial liquidity relative to near-term obligations.
  • Gross profitability remains robust: Gross margin is in the high-80s% range (Q3 2025 gross profit about $138.1M on $156.4M revenue), indicating durable product/service margin.
  • CFO and credit dynamics are variable: Cash flow from operating activities in Q4 2025 was modest at about $13.3M, reflecting notable working capital movements.
  • Debt market access evident: In Q4 2025, issuance of debt was about $1.869B with repayments of about $1.779B, yielding a net positive financing impact of $129.8M.
  • Accumulated deficit signal: Retained earnings were negative, around -$202.2M on the Q3 2025 balance sheet, signaling ongoing cumulative losses despite near-term profitability.
  • Investing Cash Outflows: Net cash from investing activities in Q4 2025 was about -$40.4M, including significant investments purchased (roughly -$102.7M in securities) and related disposals.
  • Liability load remains sizable: Total liabilities were about $980.2M, with current liabilities around $778.2M, implying ongoing leverage that investors should monitor despite a healthy cash cushion.

Bottom line: FIGR shows strong top-line growth and improving earnings power in the latest quarter, supported by solid liquidity and access to capital. However, the company carries an accumulated deficit and a meaningful liabilities base, while cash flow from operations can be volatile due to working capital changes. Investors may want to watch for sustained improvement in operating cash flow and any sustained reductions in the negative retained earnings trend.

05/06/26 09:01 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Figure Technology Solutions' Financials

When does Figure Technology Solutions' fiscal year end?

According to the most recent income statement we have on file, Figure Technology Solutions' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Figure Technology Solutions' net income changed over the last 2 years?

Figure Technology Solutions' net income appears to be on an upward trend, with a most recent value of $134.28 million in 2025, falling from -$52.44 million in 2023. The previous period was $19.92 million in 2024. See Figure Technology Solutions' forecast for analyst expectations on what’s next for the company.

What is Figure Technology Solutions' operating income?
Figure Technology Solutions' total operating income in 2025 was $117.53 million, based on the following breakdown:
  • Total Gross Profit: $441.81 million
  • Total Operating Expenses: $324.28 million
How has Figure Technology Solutions' revenue changed over the last 2 years?

Over the last 2 years, Figure Technology Solutions' total revenue changed from $209.55 million in 2023 to $506.87 million in 2025, a change of 141.9%.

How much debt does Figure Technology Solutions have?

Figure Technology Solutions' total liabilities were at $1.08 billion at the end of 2025, a 35.7% increase from 2024, and a 35.7% increase since 2024.

How much cash does Figure Technology Solutions have?

In the past 1 years, Figure Technology Solutions' cash and equivalents has ranged from $289.67 million in 2024 to $1.20 billion in 2025, and is currently $1.20 billion as of their latest financial filing in 2025.

How has Figure Technology Solutions' book value per share changed over the last 2 years?

Over the last 2 years, Figure Technology Solutions' book value per share changed from 0.00 in 2023 to 5.74 in 2025, a change of 574.2%.



Financial statements for NASDAQ:FIGR last updated on 4/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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