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Figure Technology Solutions (FIGR) investor relations material
Figure Technology Solutions Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Operates a blockchain-based platform for lending, trading, and investing, focusing on consumer credit and digital assets.
Offers a proprietary loan origination system (LOS), a digital asset exchange, and a marketplace (Figure Connect) for loan trading.
Revenue is generated from origination, gain on sale, servicing, and technology fees, with a growing share from marketplace and ecosystem fees.
Expanded from direct-to-consumer home equity loans to partner-branded originations and digital asset-backed products.
All assets and transactions are recorded on the Provenance Blockchain, providing transparency and efficiency.
Financial performance and metrics
Net revenue for the nine months ended September 30, 2025: $347M (up from $257M in 2024); net income: $119M (up from $14M in 2024).
Adjusted EBITDA for the nine months ended September 30, 2025: $170M (up from $86M in 2024).
Total stockholders' equity as of September 30, 2025: $1.2B; accumulated deficit: $202M.
For the year ended December 31, 2024: net revenue $341M, net income $20M, Adjusted EBITDA $101M.
Ecosystem volume for the nine months ended September 30, 2025: $6.0B; HELOCs comprised 99% of total loan originations.
Use of proceeds and capital allocation
Proceeds from the sale of blockchain stock are used to repurchase Class A common stock from underwriters.
Share repurchase program of up to $30M to be funded with cash on hand.
Net proceeds from the September 2025 IPO ($663.4M) allocated to general corporate purposes, working capital, operating expenses, and capital expenditures.
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