NASDAQ : FIGR
Figure Technology Solutions, Inc. — Financial statements
Financials · Capital Markets · United States
Last price 23.59 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 5.29B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Figure Technology Solutions, Inc. (FIGR) reported revenue of 619.12M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Operating Revenue | 328.52M | 224.88M | 118.43M | 87.79M |
| Other Revenue | 290.59M | 207.17M | 174.25M | 73.60M |
| Revenue | 619.12M | 432.06M | 292.68M | 161.39M |
| Gross Profit | 619.12M | 432.06M | 292.68M | 161.39M |
| Selling, General & Admin | 382.43M | 273.12M | 195.77M | 150.49M |
| Research & Development | 62.64M | 64.92M | 62.66M | 49.15M |
| Other Operating Expenses | 309.00K | 2.42M | 8.22M | 10.15M |
| Operating Expenses | 445.38M | 340.47M | 266.64M | 209.79M |
| Operating Income | 173.73M | 91.59M | 26.03M | -48.39M |
| Interest Expense | -62.08M | -48.87M | -56.41M | -49.20M |
| Interest & Investment Income | 93.81M | 74.81M | 48.21M | 48.16M |
| Other Non Operating Income (Expenses) | 3.00M | -3.85M | 10.11M | -2.90M |
| EBT Excluding Unusual Items | 208.46M | 113.67M | 27.93M | -52.34M |
| Asset Writedown | -8.59M | |||
| Other Unusual Items | -2.84M | 2.75M | ||
| Pretax Income | 200.80M | 113.67M | 22.09M | -52.34M |
| Income Tax Expense | -36.59M | -20.61M | 2.18M | 102.00K |
| Earnings From Continuing Operations | 237.38M | 134.28M | 19.91M | -52.44M |
| Minority Interest in Earnings | -256.00K | -423.00K | -2.70M | 4.51M |
| Net Income | 237.13M | 133.86M | 17.21M | -47.94M |
| Preferred Dividends & Other Adjustments | 45.77M | 71.83M | 17.21M | |
| Net Income to Common | 191.36M | 62.03M | -47.94M | |
| Shares Outstanding (Basic) | 189.35M | 114.44M | 65.02M | 51.31M |
| Shares Outstanding (Diluted) | 222.38M | 141.80M | 72.64M | 51.31M |
| EPS (Basic) | 1.01 | 0.54 | -0.93 | |
| EPS (Diluted) | 0.86 | 0.44 | -0.93 | |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 28.06% | 21.20% | 8.89% | -29.98% |
| Profit Margin | 30.91% | 14.36% | -29.70% | |
| EBIT | 173.73M | 91.59M | 26.03M | -48.39M |
| EBIT Margin | 28.06% | 21.20% | 8.89% | -29.98% |
| Effective Tax Rate | 9.85% | |||
| Revenue as Reported | 708.87M | 506.87M | 340.88M | 209.55M |
| Advertising Expenses | 63.90M | 50.10M | 46.50M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 1.44B | 1.20B | 289.67M | 116.55M |
| Cash & Short-Term Investments | 1.44B | 1.20B | 289.67M | 116.55M |
| Receivables | 88.53M | 52.02M | 21.00M | 17.30M |
| Restricted Cash | 95.89M | 68.64M | 57.78M | 59.23M |
| Other Current Assets | 172.65M | 138.08M | 90.32M | 9.68M |
| Total Current Assets | 2.39B | 1.86B | 854.69M | 458.28M |
| Property, Plant & Equipment | 4.30M | 5.20M | ||
| Long-Term Investments | 372.67M | 279.95M | 171.70M | 39.09M |
| Other Intangible Assets | 155.02M | 113.06M | 88.50M | 55.86M |
| Long-Term Deferred Tax Assets | 56.82M | 26.04M | ||
| Other Long-Term Assets | 36.89M | 32.06M | 35.32M | 37.59M |
| Total Assets | 3.02B | 2.32B | 1.16B | 660.07M |
| Accounts Payable | 58.22M | 29.50M | 37.22M | 20.14M |
| Short-Term Debt | 506.69M | 383.77M | 212.62M | 120.08M |
| Current Portion of Long-Term Debt | 647.14M | 327.09M | 305.29M | 264.14M |
| Current Portion of Leases | 1.17M | 1.51M | ||
| Other Current Liabilities | 71.91M | 104.13M | 70.40M | 2.52M |
| Total Current Liabilities | 1.29B | 846.01M | 625.53M | 406.88M |
| Long-Term Debt | 315.85M | 230.14M | 167.88M | 25.05M |
| Long-Term Leases | 3.60M | 4.17M | 2.79M | 5.72M |
| Total Liabilities | 1.60B | 1.08B | 796.20M | 437.64M |
| Common Stock | 23.00K | 23.00K | 2.00K | 1.00K |
| Additional Paid-In Capital | 1.50B | 1.42B | 675.95M | 555.13M |
| Retained Earnings | -54.35M | -186.99M | -320.85M | -338.06M |
| Total Common Equity | 1.41B | 1.23B | 355.10M | 217.07M |
| Minority Interest | -27.00K | 8.36M | 8.28M | 5.35M |
| Shareholders' Equity | 1.41B | 1.24B | 363.38M | 222.42M |
| Total Liabilities & Equity | 3.02B | 2.32B | 1.16B | 660.07M |
| Total Debt | 1.47B | 946.69M | 688.59M | 414.99M |
| Net Cash (Debt) | 317.06M | 524.60M | -235.43M | -261.37M |
| Net Cash Per Share | 1.43 | 3.70 | -3.24 | -5.09 |
| Filing Date Shares Outstanding | 224.38M | 216.35M | 215.81M | 51.31M |
| Total Common Shares Outstanding | 223.63M | 216.38M | 69.30M | 51.31M |
| Working Capital | 1.11B | 1.02B | 229.16M | 51.40M |
| Book Value Per Share | 6.32 | 5.68 | 5.12 | 4.23 |
| Tangible Book Value | 1.26B | 1.12B | 266.60M | 161.21M |
| Tangible Book Value Per Share | 5.63 | 5.16 | 3.85 | 3.14 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | 237.13M | 133.86M | 17.21M | -47.94M |
| Other Amortization | 18.66M | 17.27M | 18.15M | 19.71M |
| Loss (Gain) From Sale of Assets | -278.91M | -198.30M | -172.99M | -72.02M |
| Asset Writedown & Restructuring Costs | 13.56M | |||
| Loss (Gain) From Sale of Investments | 1.31M | 1.25M | -3.47M | 8.19M |
| Stock-Based Compensation | 109.08M | 62.36M | 38.73M | 13.45M |
| Other Operating Activities | -25.29M | -10.47M | 12.98M | 1.52M |
| Change in Accounts Receivable | -54.55M | -33.04M | -3.70M | -7.10M |
| Change in Accounts Payable | -12.41M | -38.93M | 14.15M | -4.38M |
| Change in Other Net Operating Assets | -81.51M | 128.57M | -61.64M | 55.22M |
| Operating Cash Flow | -86.49M | 62.57M | -127.01M | -33.35M |
| Sale (Purchase) of Intangibles | -23.45M | -20.65M | -16.63M | -17.26M |
| Investment in Securities | -111.83M | -40.74M | -12.32M | 4.48M |
| Other Investing Activities | 40.16M | 118.00K | -8.50M | -4.84M |
| Investing Cash Flow | -106.86M | -61.27M | -37.45M | -17.62M |
| Short-Term Debt Issued | 152.14M | 10.00M | ||
| Long-Term Debt Issued | 6.05B | 4.71B | 2.83B | |
| Total Debt Issued | 8.67B | 6.21B | 4.71B | 2.84B |
| Short-Term Debt Repaid | -10.00M | |||
| Long-Term Debt Repaid | -5.95B | -4.44B | -2.77B | |
| Total Debt Repaid | -8.03B | -5.95B | -4.44B | -2.78B |
| Net Debt Issued (Repaid) | 637.93M | 252.08M | 266.91M | 65.61M |
| Issuance of Common Stock | 698.91M | 676.20M | 3.04M | 1.14M |
| Repurchase of Common Stock | -27.77M | -1.00M | ||
| Dividends Paid | -2.77M | |||
| Other Financing Activities | -26.89M | -10.24M | -1.83M | -961.00K |
| Financing Cash Flow | 1.28B | 918.04M | 336.12M | 65.79M |
| Net Cash Flow | 1.09B | 919.33M | 171.67M | 14.81M |
| Levered Free Cash Flow | -254.03M | 23.72M | -110.49M | |
| Unlevered Free Cash Flow | -216.72M | 53.24M | -76.26M | |
| Cash Interest Paid | 40.88M | 49.89M | 55.11M | 44.83M |
| Cash Income Tax Paid | 35.13M | 10.40M | 48.00K | 30.00K |
| Change in Working Capital | -148.46M | 56.60M | -51.19M | 43.73M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 4.84B | 8.74B | ||
| Enterprise Value | 4.53B | 8.22B | ||
| Last Close Price | 21.58 | 40.84 | ||
| PE Ratio | 25.22 | 140.90 | ||
| Forward PE | 17.66 | 57.52 | ||
| PS Ratio | 7.82 | 20.23 | ||
| PB Ratio | 3.42 | 7.06 | ||
| P/TBV Ratio | 3.85 | 7.83 | ||
| P/OCF Ratio | 139.68 | |||
| PEG Ratio | 0.31 | 0.41 | ||
| EV/Sales Ratio | 7.31 | 19.03 | ||
| EV/EBIT Ratio | 26.05 | 89.76 | ||
| Debt / Equity Ratio | 1.04 | 0.77 | 1.90 | 1.87 |
| Debt / EBITDA Ratio | 8.36 | 10.04 | 23.88 | |
| Net Debt / Equity Ratio | -0.22 | -0.42 | 0.65 | 1.18 |
| Asset Turnover | 0.29 | 0.25 | 0.32 | |
| Quick Ratio | 1.19 | 1.48 | 0.50 | 0.33 |
| Current Ratio | 1.86 | 2.20 | 1.37 | 1.13 |
| Return on Equity (ROE) | 26.12% | 16.78% | 6.80% | |
| Return on Assets (ROA) | 5.06% | 3.29% | 1.79% | |
| Return on Invested Capital (ROIC) | 13.36% | 10.48% | 3.66% | -9.29% |
| Return on Capital Employed (ROCE) | 10.00% | 6.20% | 4.90% | -19.10% |
| Earnings Yield | 3.97% | 1.53% | ||
| Payout Ratio | 16.06% | |||
| Buyback Yield / Dilution | -171.12% | -95.22% | -41.58% |