AI Earnings Predictions for Figure Technology Solutions Inc. (FIGR)

EX-99.1

2 ex991-pressrelease2q26.htm

EX-99.1

Document

Exhibit 99.1

FIGURE TECHNOLOGY SOLUTIONS REPORTS STRONG SECOND QUARTER 2026 RESULTS

NEW YORK, August 13, 2026 /Globe/ — Figure Technology Solutions (Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets, today announced financial results for the three and six months ended June 30, 2026.

“We delivered our strongest quarter yet, headlined by 132% year-over-year volume growth in our Consumer Loan Marketplace, the addition of over 100 origination partners, and the scaling of our capital-light marketplace, with 65% of our volumes now on Figure Connect. With weekly applications now surpassing $1 billion as of July and the pending completion of our Kiavi acquisition, which we expect will significantly grow our platform into adjacent asset classes, we are accelerating our growth flywheel and our first-mover advantage in bringing the capital markets on-chain.”

- Michael Tannenbaum, CEO

Q2 2026 Quarterly Financial Highlights

•Consumer Loan Marketplace volume was $4.3 billion in the quarter, a 132% increase from the prior year. This included Figure Connect Volume of $2.8 billion.

•Net revenue was $226 million, an increase of 113% year-over-year. Adjusted Net Revenue was $218 million, an increase of 95% from the second quarter of 2025.

•Net income increased 192% to $87 million; net income margin reached 38.8%, an increase of 11 percentage points year-over-year.

•Adjusted EBITDA increased 126% year-over-year to $119 million; Adjusted EBITDA margin reached 54.6%, an increase of 7 percentage points year-over-year.

•Cash and cash equivalents, excluding restricted cash, totaled $1.4 billion, an increase of $239.4 million, or 20.0% compared to December 31, 2025.

•Loans held for sale totaled $597 million, an increase of $193.1 million, or 47.7%, compared to December 31, 2025.

Financial Highlights

$ in thousands, except per share or otherwise notedQ2Q26M YTD6M YTDQ26M YTD

(Unaudited)2026202520262025YoY % YoY%

GAAP Results:

Net Revenue$225,588 $106,077 $392,595 $190,587 113 %106 %

Net Income87,436 29,994 132,483 29,381 192 %351 %

Net Income margin38.8 %28.3 %33.7 %15.4 %+10.5  p.p.+18.3  p.p.

Earnings per Share - Basic$0.39 $0.11 $0.60 $0.04 255 %1400 %

Earnings per Share - Diluted0.35 0.08 0.53 0.04 338 %1225 %

Non-GAAP Results(1):

Adjusted Net Revenue$218,445 $111,895 $385,288 $198,877 95 %94 %

Adjusted EBITDA119,379 52,866 201,992 81,210 126 %149 %

Adjusted EBITDA margin54.6 %47.2 %52.4 %40.8 %+7.4  p.p.+11.6  p.p.

(1) See “Non-GAAP Financial Measures” at the end of this earnings release for details regarding these measures, including reconciliations of the Non-GAAP Financial Measures to their most directly comparable GAAP measures.

Selected Metrics

$ in millions unless noted

Q2Q26M YTD6M YTDQ26M YTD

(Unaudited)2026202520262025YoY % YoY%

Consumer Loan Marketplace Volume4,259 1,838 7,161 3,203 132 %124 %

Figure Connect Volume2,773 767 4,385 1,245 262 %252 %

Net Take Rate3.6 %4.0%3.7%3.9%-0.4  p.p.-0.2  p.p.

$ in millions unless noted As of

(Unaudited)June 30, 2026December 31, 2025

$YLDS in Circulation$556 $328

Democratized Prime:

Matched Offers392 206

Borrower Demand414 246

Available Lender Supply522 213

Recent Business Highlights

•Figure Connect reached 65% of Consumer Loan Marketplace volume in the quarter. Figure Connect was launched in June 2024.

•Added 102 origination partners in the quarter, reaching 489 total active partners across mortgage banks, depositories, servicers, and fintechs.

•New product categories continued to accelerate, with Small/Medium Business (“SMB”) loan volume increasing 57% quarter-over-quarter.

•Third-party borrowing activity on Democratized Prime reached approximately $170 million as of August 6, 2026, a ~23x increase since December 31, 2025.

•Launched SMB pools on Democratized Prime, adding another diversified asset class to the Figure funding ecosystem along with Auto and Home Equity.

•Demonstrated strong operational efficiency as operations and processing costs declined to approximately 67 basis points of Consumer Loan Marketplace volume, down from 79 basis points in Q2 2025.

•Kiavi, inc. transaction remains on track to close in the second half of 2026.

Operating Outlook

The guidance for Consumer Loan Marketplace volume provided below constitutes forward-looking information within the meaning of applicable securities laws and is based on a number of assumptions and subject to a number of risks. See cautionary note regarding “Forward-looking Statements” in this press release.

Q3 2026 Guidance $ in billions

Consumer Loan Marketplace Volume $4.8 - $5.2

Webcast Information

Figure will host a conference call and webcast at 8:30 a.m. Eastern Time, August 13, 2026 to discuss its results and outlook. A link to the live discussion and accompanying presentation will be made available on the

Company’s invest

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

FIGURE TECHNOLOGY SOLUTIONS

REPORTS PRELIMINARY JUNE & Q2 2026 OPERATING DATA

Launches Weekly Operational Tracking Dashboard to Provide Near-Real-Time Transparency

NEW YORK, July 7, 2026 (GLOBE NEWSWIRE) — Figure Technology Solutions, Inc. (Nasdaq: FIGR; OPEN: FGRS) (“Figure”), the leading blockchain-native capital marketplace for the origination, funding, sale, and trading of tokenized assets, today reported select unaudited preliminary operating data for the month ended June 30, 2026 that have exceeded the top end of the company’s previously issued guidance ranges.

This reporting period marks Figure’s transition away from historical monthly disclosures toward near-real-time operational transparency. Comprehensive metrics are now hosted on a dedicated weekly dashboard at https://figure.com/investors/metrics. Updated every Tuesday after market close, the platform delivers direct visibility into origination volumes, funding metrics, and overall marketplace activity.

Dollars in Millions

June

2026

May

2026

M/M

Change

June

2025

Y/Y

Change

Consumer Loan Marketplace Volume $1,519 $1,402 8% $596 155%

$YLDS In Circulation1 $556 $557 0% $4 n.m.

Democratized Prime2

Matched Offers Balance $392 $385 2% $2 n.m.

Borrower Demand $414 $412 1% $13 n.m.

Available Lender Supply $522 $500 4% $5 n.m.

Dollars in Millions

Q2

2026

Q1

2026

Q/Q

Change

Q2

2025

Y/Y

Change

Consumer Loan Marketplace Volume $4,259 $2,902 47% $1,838 132%

$YLDS In Circulation1 $556 $598 -7% $4 n.m.

Democratized Prime2

Matched Offers Balance $392 $368 6% $2 n.m.

Borrower Demand $414 $376 10% $13 n.m.

Available Lender Supply $522 $453 15% $5 n.m.

1 $YLDS launched in February 2025

2 Democratized Prime launched in June 2025

About Certain Operating Metrics

In order to better help understand our financial performance, we use several operating metrics, some of which are discussed below, to evaluate our business and results, measure performance, identify trends, formulate plans, and make strategic decisions. Our determination and presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP.

Consumer Loan Marketplace Volume: We define Consumer Loan Marketplace Volume as the total U.S. dollar equivalent value of originations of HELOCs, DSCRs, and personal loans on our LOS, as well as the volume of third-party loans traded on Figure Connect. We believe this measure is an indication of our scale and represents the potential revenue opportunity from the technology used for consumer credit loan originations.

$YLDS in Circulation: We define $YLDS in Circulation as the total U.S. dollar equivalent value of unsecured face-amount certificates solely backed by the assets of Figure Certificate Company (FCC), which is the issuer of the certificates. This is reported as an end of period outstanding balance.

Matched Offers: We define Matched Offers as the U.S. dollar equivalent value of offers matched between borrowers and lenders on the Democratized Prime platform. This is reported as an end of period outstanding balance.

Borrower Demand: We define Borrower Demand as the U.S. dollar equivalent value that borrowers seek to borrow from the lending pool on the Democratized Prime platform. This is reported as an end of period outstanding balance.

Available Lender Supply: We define Lender Supply as the U.S. dollar equivalent value that lenders have made available in the lending pool on the Democratized Prime platform. This is reported as an end of period outstanding balance.

Financial Disclosure Advisory

The information in this release is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on Figure’s estimates, and subject to completion of financial closing procedures. Final results for the most recent fiscal quarter, as reported in Figure’s quarterly and annual filings with the U.S. Securities and Exchange Commission (“SEC”), might vary from the information in this release. Figure may at times make revisions to prior estimates to ensure consistency across comparable periods.

Forward Looking Statements Disclaimer

This press release contains forward-looking statements

intended to be covered by the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including without limitation statements regarding our future financial performance, including our expectations regarding our operating data. These statements involve known and unknown risks, uncertainties, and other important factors that may cause actual results to differ materially from those expressed or implied by the forward-l

EX-99.1

2 ex991-pressrelease1q26.htm

EX-99.1 PRESS RELEASE

Document

Exhibit 99.1

FIGURE TECHNOLOGY SOLUTIONS REPORTS FIRST QUARTER 2026 RESULTS, ACHIEVES RECORD CONSUMER LOAN MARKETPLACE VOLUME

NEW YORK, May 11, 2026 /Globe/ — Figure Technology Solutions (Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets, today announced financial results for the quarter ended March 31, 2026.

"We delivered exceptional first-quarter results, headlined by 113% year-over-year growth in our Consumer Loan Marketplace and the addition of a record 80 new partners. Our blockchain ecosystem saw equally rapid expansion, with YLDS and Democratized Prime matched offers both growing approximately 80% quarter-over-quarter as we continue to bring entire asset classes on-chain. Despite significant market volatility, we believe these results validate the resilience of our capital-light model, and our role in replacing legacy infrastructure with blockchain-native capital markets."

- Michael Tannenbaum, CEO

Q1 2026 Quarterly Financial Highlights

•Consumer Loan Marketplace volume was $2.9 billion in the quarter, a 113% increase from the prior year. This included Figure Connect volume of $1.6 billion.

•Net revenue was $167 million, an increase of 98% year-over-year. Adjusted Net Revenue was $167 million, an increase of 92% from the first quarter of 2025.

•Net income reached $45 million; net income margin reached 27.0%, an increase of 28 percentage points year-over-year.

•Adjusted EBITDA increased 192% year-over-year to $83 million; Adjusted EBITDA margin reached 49.6%, an increase of 17 percentage points year-over-year.

•Cash and cash equivalents, excluding restricted cash, totaled $1.5 billion.

•Loans held for sale totaled $504 million.

Q1 2026 Financial Highlights

$ in thousands, except per share or otherwise notedQ1Q1Q1

(Unaudited)20262025YoY %

GAAP Results:

Net Revenue$167,007 $84,510 97.6 %

Net Income45,047 (613)n.m.

Net Income margin27.0 %(0.7)%+27.7  p.p.

Earnings per Share - Basic$0.21 $(0.01)n.m.

Earnings per Share - Diluted0.18 (0.01)n.m.

Non-GAAP Results(1):

Adjusted Net Revenue$166,843 $86,982 91.8 %

Adjusted EBITDA82,696 28,344 191.8 %

Adjusted EBITDA margin49.6 %32.6 %+17.0  p.p.

Note: "n.m." - not meaningful

(1) See “Non-GAAP Financial Measures” at the end of this earnings release for details regarding these measures, including reconciliations of the Non-GAAP Financial Measures to their most directly comparable GAAP measures.

Selected Metrics

$ in millions unless noted

Q1Q1Q1

(Unaudited)20262025YoY %

Ecosystem Volume$3,720 $1,578 135.8 %

Consumer Loan Marketplace Volume2,902 1,365 112.6 %

Figure Connect Volume1,612 478 237.3 %

Net Take Rate3.8 %3.6%+0.2  p.p.

$ in millions unless noted As of

(Unaudited)March 31, 2026March 31, 2025YoY%

$YLDS in Circulation$598 $3 n.m.

Democratized Prime:

Matched Offers368 n.m.n.m.

Borrower Demand376 n.m.n.m.

Available Lender Supply453 n.m.n.m.

Note: "n.m." - not meaningful

Recent Business Highlights

•Figure Connect volume reached 56% of Consumer Loan Marketplace volume in the quarter.

•Advanced the "Year of the First Lien" mandate, growing first lien volume to 20% of total production.

•Figure ended the quarter with 387 active partners in its ecosystem,

◦Signed Flagstar Bank, a top 35 U.S. bank by assets, and launching in Q2 2026.

◦Expanded the partner ecosystem by adding a record 80 new partners in Q1 2026, including the country’s 6th largest mortgage lender as measured by Bankrate.com.

•Accelerated Small/Medium Business ("SMB") and Business Purpose lending, with the SMB channel reaching nearly $60M in volume this quarter and high-growth products like Debt Service Coverage Ratio Loans ("DSCR") and Residential Transition Loans ("RTL") seeing 70% growth quarter-over-quarter.

•Democratized Prime matched offers from third party borrowers reached approximately $24 million as of May 8, 2026.

•Announced Figure Forge, a transformative platform that fractionalizes whole loans into liquid, single-dollar participation units to bridge Real World Assets ("RWAs") with DeFi.

Operating Outlook

Beginning this quarter, Figure intends to provide one quarter forward guidance for Consumer Loan Marketplace volume. The outlook provided below constitutes forward-looking information within the meaning of applicable securities laws and is based on a number of assumptions and subject to a number of risks. See cautionary note regarding “Forward-looking Statements” in this press release.

Q2 2026 Guidance

$ in billions

Consumer Loan Marketplace Volume

$3.8 - $4.1

Webcast Information

Figure will host a conference call and webcast at 8:30 a.m. Eastern Time, May 12, 2026 to discuss its results and outlook. A link to the live discussion and accompanying presentation will be made available on the

Company’s investor relations website at https://investors.figure.com/. A replay will

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

FIGURE

TECHNOLOGY SOLUTIONS REPORTS PRELIMINARY MARCH & Q1 2026 OPERATING DATA

NEW YORK, April 3, 2026 (GLOBE NEWSWIRE) — Figure Technology Solutions (Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the origination, funding, sale, and trading of tokenized assets, today reported select preliminary operating data for the month and quarter ended March 31, 2026.

Dollars in Millions

March

2026

February 2026

M/M

Change

March 2025 Y/Y Change

Consumer Loan Marketplace Volume $1,190 $896 33% $590 102%

$YLDS In Circulation1 $598 $588 2% $3 n.m.

Democratized Prime2

Matched Offers Balance $368 $369 0% n.m. n.m.

Borrower Demand $376 $373 1% n.m. n.m.

Available Lender Supply $453 $396 14% n.m. n.m.

Dollars in Millions

Q1

2026

Q4 2025 Q/Q Change Q1 2025 Y/Y Change

Consumer Loan Marketplace Volume $2,902 $2,705 7% $1,365 113%

$YLDS In Circulation1 $598 $328 83% $3 n.m.

Democratized Prime2

Matched Offers Balance $368 $206 79% n.m. n.m.

Borrower Demand $376 $246 53% n.m. n.m.

Available Lender Supply $453 $213 112% n.m. n.m.

1 $YLDS launched in February 2025

2 Democratized Prime launched in June 2025

About Certain Operating Metrics

In order to better help understand our financial performance, we use several operating metrics, some of which are discussed below, to evaluate our business and results, measure performance, identify trends, formulate plans, and make strategic decisions. Our determination and

presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in

addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP.

Consumer Loan Marketplace Volume: We define Consumer Loan Marketplace Volume as the total U.S. dollar equivalent value of originations of HELOCs, DSCRs, and personal loans on our LOS, as well as the volume of third-party loans traded on Figure Connect. We believe this measure is an indication of our scale and represents the potential revenue opportunity from the technology used for consumer credit loan originations.

$YLDS

in Circulation: We define $YLDS in Circulation as the total U.S. dollar equivalent value of unsecured face-amount certificates solely backed by the assets of Figure Certificate Company (FCC), which is the issuer of the certificates. This is reported as an end of period outstanding balance.

Matched Offers: We define Matched Offers as the U.S. dollar equivalent value of offers matched between borrowers and lenders on the Democratized Prime platform. This is reported as an end of period outstanding balance.

Borrower Demand: We define Borrower Demand as the U.S. dollar equivalent value that borrowers seek to borrow from the lending pool on the Democratized Prime platform. This is reported as an end of period outstanding balance.

Available Lender Supply: We define Lender Supply as the U.S. dollar equivalent value that lenders have made available in the lending pool on the Democratized Prime platform. This is reported as an end of period outstanding balance.

Financial Disclosure Advisory

The information in this release is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on Figure’s estimates, and subject to completion of financial closing procedures. Final results for the most recent fiscal quarter, as reported in Figure’s quarterly and annual filings with the U.S. Securities and Exchange Commission (“SEC”), might vary from the information in this release. Figure may at times make revisions to prior estimates to ensure consistency across comparable periods.

Forward Looking Statements Disclaimer

This press release contains forward-looking statements intended to be covered by the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including without limitation statements regarding our future financial performance, including our expectations regarding our revenue, cost of revenue, operating expenses; our ability to determine reserves, and ability to remain profitable; our ability to maintain, expand, and enter into new relationships with partners and loan purchasers on the secondary market; our ability to broaden our network of partners; and our ability to successfully execute our business and growth strategy; marketplace volume, adoption, and liquidity, including the growth and performance of our Consumer Loan Marketplace, Figure Connect, and Democratized Prime platforms; our blockchain ecosystem and infrastructure initiatives, including our ability to expand the adoption of our blockchain-native products and services and the development and performance of our digital asset offerings; and our share repurchase program, including

EX-99.1

2 ex991-pressreleaseq425.htm

EX-99.1 PRESS RELEASE

Document

Exhibit 99.1

FIGURE TECHNOLOGY SOLUTIONS REPORTS STRONG FOURTH QUARTER 2025 RESULTS; ANNOUNCES AUTHORIZATION FOR $200 MILLION SHARE REPURCHASE PROGRAM

NEW YORK, February 26, 2026 /Globe/ — Figure Technology Solutions (Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets, today announced financial results for the year and quarter ended December 31, 2025.

"We closed the year with strong fourth quarter results, with triple-digit year-over-year growth in Consumer Loan Marketplace volume, increased adoption of Figure Connect, and expanding activity within our blockchain ecosystem. Our momentum reflects the diversity and scalability of our model. Looking ahead, we remain focused on expanding our partner network, deepening our marketplace liquidity, and advancing our blockchain-native infrastructure. This quarter’s strong results demonstrate both the industry tailwinds and our operational execution as we modernize capital markets with blockchain.”

- Michael Tannenbaum, CEO

Q4 2025 Quarterly Financial Highlights

•Consumer Loan Marketplace volume was $2.7 billion in the quarter, a 131% increase from the prior year. This included Figure Connect volume of $1.5 billion, up from $1.1 billion in the third quarter of 2025. The Figure Connect platform was launched in June 2024.

•Net revenue increased 91% year-over-year. Adjusted Net Revenue was $158 million, up 106% from the fourth quarter 2024. The revenue model of Figure Connect is such that less net revenue is captured per unit of volume, but with higher Adjusted EBITDA margins.

•Net income increased 156% year-over-year to $15 million; net income margin reached 9.4%, up 2 percentage points year-over-year.

•Adjusted EBITDA increased 426% year-over-year to $81 million; Adjusted EBITDA margin reached 51.6%, up 31 percentage points year-over-year.

•Cash and cash equivalents, excluding restricted cash and stablecoins, totaled $1.2 billion.

•Loans held for sale totaled $404 million.

Full Year 2025 Financial Highlights

•Consumer Loan Marketplace volume was $8.4 billion for the year, a 63% increase from the prior year. This included Figure Connect volume of $3.8 billion.

•Net revenue increased 49% year-over-year. Adjusted Net Revenue was $515 million, up 52% year-over-year.

•Net income increased 574% year-over-year to $134 million; net income margin reached 26.5%, up 21 percentage points year-over-year.

•Adjusted EBITDA increased 148% year-over-year to $251 million; Adjusted EBITDA margin reached 48.8%, up 19 percentage points year-over-year.

Share Repurchase Program

Figure today announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to $200 million of its Class A common stock and Blockchain common stock over the next 12 months, expiring on February 27, 2027, subject to market conditions, contractual restrictions and other factors.

Repurchases under the program may be made from time to time in the open market, through privately negotiated transactions, accelerated share repurchase transactions, or by other means in accordance with

applicable securities laws and regulations. The timing, number of shares repurchased, and prices paid will depend on market conditions, share price, trading volume, corporate considerations, and other factors. Open market repurchases will be structured to occur within the pricing and volume requirements of Rule 10b-18. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization.

This program does not obligate the Company to acquire any particular amount of stock and the program may be extended, modified, suspended or discontinued at any time at the Company’s discretion.

Q4 2025 and FY 2025 Financial Highlights

$ in thousands, except per share or otherwise notedQ4Q4FYFYQ4FY

(Unaudited)2025202420252024YoY % YoY%

GAAP Results:

Net Revenue$159,913 $83,855 $506,865 $340,885 90.7 %48.7 %

Net Income15,078 5,889 134,281 19,915 156.0 %574.3 %

Net Income margin9.4 %7.0 %26.5 %5.8 %+2.4  p.p.+20.7  p.p.

Earnings per Share - Basic$0.07 $0.00 $0.54 $0.00 n/an/a

Earnings per Share - Diluted0.06 0.00 0.44 0.00 n/an/a

Non-GAAP Results:

Adjusted Net Revenue$157,632 $76,636 $514,804 $339,182 105.7 %51.8 %

Adjusted EBITDA81,330 15,455 251,157 101,443 426.2 %147.6 %

Adjusted EBITDA margin51.6 %20.2 %48.8 %29.9 %+31.4  p.p.+18.9  p.p.

Selected Metrics

$ in millions unless noted

Q4Q4FYFYQ4FY

(Unaudited)2025202420252024YoY % YoY%

Ecosystem Volume$3,047 $1,535 $9,088 $5,879 98.5 %54.6 %

Consumer Loan Marketplace Volume2,705 1,172 8,377 5,128 130.8 %63.3 %

Figure Connect Volume1,466 8 3,842 8 n.m.n.m.

Net Take Rate3.8 %3.4%4.0%4.2%+0.4  p.p.-0.2  p.p.

$ in millions unless noted As of

(Unaudited)December 31, 2025December 31, 2024YoY%

$

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

Figure Technology Solutions Announces Preliminary Fourth Quarter & Full Year 2025 Financial Results

NEW YORK, Feb. 13, 2026 (GLOBE NEWSWIRE) — Figure Technology Solutions (Nasdaq: FIGR), the leading blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets, today announced preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2025. Additionally, the Company filed a registration statement on Form S-1 that contained preliminary results of operations for the same periods.

“We are closing the year with strong fourth quarter results, reflecting growing momentum for Figure. We achieved triple-digit year-over-year growth in Consumer Loan Marketplace volume, increased adoption of Figure Connect, and saw expanding activity within our blockchain ecosystem, reinforcing the diversity and scalability of our model.

Looking ahead, we remain focused on expanding our partner network, deepening our marketplace liquidity, and advancing our blockchain-native infrastructure. This quarter’s strong results reflect the meaningful progress we’ve already made in modernizing capital markets and position us to further accelerate that transformation.”

- Michael Tannenbaum, CEO

Fourth Quarter 2025 Preliminary Expected Results

● Consumer Loan Marketplace Volume of $2.7 billion, an increase of 131% year-over-year.

● Net Revenue of $158.0 to $162.0 million

● Adjusted Net Revenue of $155.5 to $160.5 million

●

GAAP

Net Income of $12.5 to $13.5 million

● Adjusted EBITDA of $80.0 to $83.0 million

● Adjusted EBITDA margin of 49.8% to 53.4%

Full Year 2025 Preliminary Expected Results

● Consumer Loan Marketplace Volume of $8.4 billion, an increase of 63% year-over-year.

● Net Revenue of $505.0 to $509.0 million

● Adjusted Net Revenue of $512.5 to $517.5 million

●

GAAP

Net Income of $131.5 to $132.5 million

● Adjusted EBITDA of $249.0 to $252.0 million

● Adjusted EBITDA margin of 48.1% to 49.2%

Webcast Information

Figure will host a conference call and webcast at 4:30 p.m. Eastern Time, Thursday, February 26, 2026 to discuss its results and outlook. A link to the live discussion and accompanying presentation will be made available on the Company’s investor relations website at https://investors.figure.com/. A replay will also be made available following the discussion at the same website.

Preliminary Unaudited Financial Data

We have presented above certain preliminary operating results representing our estimates for the fourth quarter and year ended December 31, 2025. These preliminary estimates are based on currently available information and do not present all information necessary for an understanding of our operating results as of and for the three months and year ended December 31, 2025. This information has been prepared by and is the responsibility of our management. Our independent registered public accounting firm has not audited, reviewed, or completed performing their procedures with respect to the preliminary operating results included below and does not express an opinion or any other form of assurance with respect thereto. We will complete the preparation of our consolidated financial statements as of and for the fourth quarter and year ended December 31, 2025 following the completion of this offering. Although we are currently unaware of any items that would require us to make adjustments to the information set forth below, it is possible that we or our independent registered public accounting firm may identify such items as we complete our consolidated financial statements, and any resulting changes could be material. Accordingly, undue reliance should not be placed on these preliminary estimates. There can be no assurance that the range of our preliminary estimates of total net revenue, net income, Adjusted Net Revenue, and Adjusted EBITDA for the three months and year ended December 31, 2025 are indicative of what our results will be for the three months and year ended December 31, 2025 or for any future period. These preliminary estimates should be read together with the sections titled “Risk Factors” and “Special Note Regarding Forward-Looking Statements” and our consolidated financial statements and related notes included elsewhere in this prospectus. Adjusted Net Revenue and Adjusted EBITDA are supplemental measures that are not calculated or presented in accordance with GAAP. See the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Non-GAAP Financial Measures” for more information about our non-GAAP measures.

About Non-GAAP Financial Measures and Other Performance Metrics

Financial Measures

In order to better help understand our financial performance, we use several key performance metrics that should be viewed independently of GAAP items, as these metrics are not intended to be combined with those items. Our determin

true Amendment no. 2 0002064124

0002064124

2026-01-12 2026-01-12

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K/A

CURRENT

REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 12, 2026

Figure Technology Solutions, Inc.

(Exact name of registrant as specified in its charter)

Nevada

001-42829

99-2556408

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS

Employer

Identification No.)

100 West Liberty Street, Suite 600

Reno, Nevada

89501

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (917) 789-8049

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Class A Common Stock, par value $0.0001 per share

FIGR

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On January 12, 2026, pre-market open, Figure Technology Solutions, Inc. (the “Company”) furnished a Current Report on Form 8-K (the “Original 8-K”) that included a press release announcing certain financial results for the quarter ended December 31, 2025 (the “Exhibit 99.1”). This Amendment No. 2 to the Current Report on Form 8-K amends Exhibit 99.1 to the Original 8-K solely for the purpose of correcting the Matched Offers Balance for the quarter ended September 30, 2025 from $38 million to $22 million. As a result, the quarter-over-quarter change for Matched Offers Balances from Q3 2025 to Q4 2025 is updated from 442% to 836%. Other than that correction, no other changes have been made to the Original 8-K or Exhibit 99.1 thereto, and this Current Report on Form 8-K replaces and supersedes Amendment No. 1 to the Original 8-K in its entirety.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FIGURE

TECHNOLOGY SOLUTIONS, INC.

Date: January 12, 2026 By: /s/ Michael Tannenbaum

Michael Tannenbaum

Chief Executive Officer and Director

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

FIGURE

TECHNOLOGY SOLUTIONS REPORTS PRELIMINARY Q4 2025 & DECEMBER OPERATING DATA

NEW YORK,

January 12, 2026 (GLOBE NEWSWIRE) — Figure Technology Solutions (Nasdaq: FIGR), the leading blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets, today reported select preliminary operating data for the month and quarter ended December 31, 2025.

Dollars In Millions December 2025 November 2025 October 2025

M/M

Change

December 2024 Y/Y Change

Consumer Loan Marketplace Volume $869 $855 $981 +2% $372 +134%

$YLDS in Circulation $328 $110 $99 +198% - n.m.

Democratized Prime

Matched Offers Balance $206 $38 $29 +442% $1 n.m.

Borrower Demand $246 $46 $39 +435% $1 n.m.

Available Lender Supply $213 $47 $33 +353% $4 n.m.

Dollars in Millions Q4 2025 Q3 2025

Q/Q

Change

Q4 2024 Y/Y Change

Consumer Loan Marketplace Volume $2,705 $2,469 +10% $1,172 +131%

$YLDS In Circulation $328 $21 +1,462% - n.m.

Democratized Prime

Matched Offers Balance $206 $38 +442% $1 n.m.

Borrower Demand $246 $27 +811% $1 n.m.

Available Lender Supply $213 $26 +719% $4 n.m.

About Certain Operating Metrics

In order to better help understand our financial performance, we use several operating metrics, some of which are discussed below, to evaluate our business and results, measure performance, identify trends, formulate plans, and make strategic decisions. Our determination and

presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in

addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP.

Consumer Loan Marketplace Volume: We define Consumer Loan Marketplace Volume as the total U.S. dollar equivalent value of originations of HELOCs, DSCR, and personal loans on our LOS, as well as the volume of third-party loans traded on Figure Connect. We believe this measure is an indication of our scale and represents the potential revenue opportunity from the technology used for consumer credit loan originations.

$YLDS In Circulation: We define YLDS in Circulation as the total U.S. dollar equivalent value of unsecured face-amount certificates solely backed by the assets of Figure Certificate Company (FCC), which is the issuer of the certificates. This is reported as an end of period outstanding balance.

Matched Offers: We define Matched Offers as the U.S. dollar equivalent value of offers matched between borrower and lenders on the Democratized Prime platform. This is reported as an end of period outstanding balance.

Borrower Demand: We define Borrower Demand as the U.S. dollar equivalent value that borrowers seek to borrow from the lending pool on the Democratized Prime platform. This is reported as an end of period outstanding balance.

Available Lender Supply: We define Lender Supply as the U.S. dollar equivalent value that lenders have made available in the lending pool on the Democratized Prime platform. This is reported as an end of period outstanding balance.

Financial Disclosure Advisory

The information in this release is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on Figure’s estimates, and subject to completion of financial closing procedures. Final results for the most recent fiscal quarter, as reported in Figure’s quarterly and annual filings with the U.S. Securities and Exchange Commission (“SEC”), might vary from the information in this release. Figure may at times make revisions to prior estimates to ensure consistency across comparable periods.

Forward Looking Statements Disclaimer

This press release contains forward-looking statements intended to be covered by the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including without limitation statements regarding our future financial performance. These statements involve known and unknown risks, uncertainties, and other important factors that may cause actual results to differ materially from those expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these terms, and similar expressions. Forward-looking statements are predictions based largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. These statements speak only as of the date of this press release.

Important factors that could cause actual results to differ materi

true 0002064124

0002064124

2026-01-12 2026-01-12

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K/A

Amendment no. 1

CURRENT

REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 12, 2026

Figure Technology Solutions, Inc.

(Exact name of registrant as specified in its charter)

Nevada

001-42829

99-2556408

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS

Employer

Identification No.)

100 West Liberty Street, Suite 600

Reno, Nevada

89501

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (917) 789-8049

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Class A Common Stock, par value $0.0001 per share

FIGR

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On January 12, 2026, Figure Technology Solutions, Inc. (the “Company”) furnished a Current Report on Form 8-K (the “Original 8-K”) that included a press release announcing certain financial results for the quarter ended December 31, 2025 (the “Exhibit 99.1”). This Current Report on Form 8-K amends Exhibit 99.1 to the Original 8-K solely for the purpose of correcting the Matched Offers Balance for the month ended November 30, 2025 from $38 million to $22 million. As a result, the quarter-over-quarter change for Matched Offers Balances from Q3 2025 to Q4 2025 is updated from 442% to 836%. Other than that correction, no other changes have been made to the Original 8-K or Exhibit 99.1 thereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FIGURE TECHNOLOGY

SOLUTIONS, INC.

Date: January 12, 2026 By: /s/ Michael Tannenbaum

Michael Tannenbaum

Chief Executive Officer and Director

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

FIGURE

TECHNOLOGY SOLUTIONS REPORTS THIRD QUARTER 2025 RESULTS

NEW YORK, November 13, 2025 /Globe/ — Figure Technology Solutions (Nasdaq: FIGR), the leading blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets, today announced financial results for the quarter ended September 30, 2025.

“We recently completed our successful initial public offering and are pleased to report a strong first quarter as a public company. The continued success of Figure’s marketplace approach to tokenized consumer loan origination drove significant growth in earnings, with Net Income increasing 227% year-over-year while also achieving an Adjusted EBITDA margin of 55%, underscoring the scalability of our blockchain-based model. Alongside margin expansion, we delivered solid performance across our key metrics, consumer loan marketplace volume, Adjusted Net Revenue, and growth across our blockchain ecosystem pillars, positioning Figure to finish 2025 with continued momentum.”

- Michael Tannenbaum, CEO

Q3 2025 Financial Highlights

● Consumer Loan Marketplace volume was $2.5 billion in the quarter, a 70% increase from the prior year. This included Figure Connect volume of $1.1 billion, up from $767 million in the second quarter. The Figure Connect platform was launched in June 2024.

● Net Revenue increased 55% year-over-year. Adjusted Net Revenue was $156 million, up 42% from third quarter 2024.

● Net Income increased 227% year-over-year to $90 million.

● Adjusted EBITDA increased 75% year-over-year to $86 million; Adjusted EBITDA margin reached 55%, up 10 percentage points year-over-year.

● The company completed its initial public offering of its shares on September 12, 2025, issuing 36 million shares, including 28 million primary shares, for net proceeds of $663 million.

Q3 2025 Financial Highlights

$000s unless noted Q3 Q3

9M YTD

9M YTD

Q3

9M YTD

(Unaudited) 2025 2024 2025 2024 YoY % YoY%

GAAP Results

Net Revenue 156,365 101,007 346,952 257,030 55% 35%

Net Income 89,822 27,427 119,203 14,026 227% 750%

Earnings per Share - Basic

$0.42 $0.09 $0.48 $0.00 367% -

Earnings per Share - Diluted

$0.34 $0.09 $0.38 $0.00 278% -

Non-GAAP Results

Adjusted Net Revenue 156,034 110,034 357,172 262,546 42% 36%

Adjusted EBITDA 86,386 49,437 169,827 85,988 75% 98%

Adjusted EBITDA Margin 55.4% 44.9% 47.5% 32.8% +10.5 p.p. +14.7 p.p.

Selected Metrics

$ Millions unless noted

Q3 Q3

9M YTD

9M YTD

Q3

9M YTD

(Unaudited) 2025 2024 2025 2024 YoY % YoY%

Ecosystem Volume 2,538 1,837 6,040 4,344 38% 39%

Consumer Loan Marketplace Volume 2,469 1,450 5,673 3,957 70% 43%

Figure Connect Volume 1,131 - 2,376 - - -

Net Take Rate 4.4% 5.3% 4.1% 4.4% -0.9 p.p. -0.3 p.p.

Q3 2025 Business Highlights

● Figure Connect volume reached 46% of Consumer Loan Marketplace volume in the quarter.

● First-lien volume as a percentage of Consumer Loan Marketplace volume increased 650 bps to 17% compared to the third quarter of 2024.

● Volume from new product categories exceeded $80 million in the third quarter, including Crypto Backed Loans, Small/Medium Business Loans, Debt Service Coverage Ratio Loans and HELOC for Seniors Interest-Only Mortgage Loans.

● Figure ended the quarter with 246 active partners in its ecosystem and added one of the largest loan servicers in the United States.

● Democratized Prime now includes three different classes: HELOC, Crypto-Backed Loans, and Exchange Margin. Synergy One, an existing Figure mortgage partner, joined the Democratized Prime platform, representing the platform’s first institutional client.

●

$YLDS

balance as of November 13, 2025 is approaching $100 million, up from $4 million in the second quarter. Figure recently partnered with both Sui Foundation and Solana Foundation to drive further growth.

Webcast Information

Figure will host a conference call and webcast at 8:30 a.m. Eastern Time, Friday, November 14, 2025 to discuss its results and outlook. A link to the live discussion and accompanying presentation will be made available on the Company’s investor relations website at https://investors.figure.com/. A replay will also be made available following the discussion at the same website.

Forward-Looking

Statements Disclosure

This press release contains forward-looking statements intended to be covered by the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including without limitation statements regarding our future financial performance, including our expectations regarding our revenue, cost of revenue, operating expenses, ability to determine reserves, and ability to remain profitable; our ability to maintain, expand, and enter into new relationships with partners and loan purchasers on the secondary market, our ability t