Figure Technology Solutions, Inc.
figure.comWhat Do They Do?
Provides loan-origination and loan-trading technology to lending partners, home-equity loans to consumers, and digital-asset marketplaces for market participants.
10-K for FY2025, filed Mar 16, 2026Figure aims to address these challenges by using blockchain-based technology to innovate beyond legacy processes. We built a…View ↗
We began addressing the consumer credit market in 2018 with our Figure-branded product, which catered to direct-to-consumer home equity…View ↗
Since launching Figure Connect in June 2024, approximately $3.9 billion in HELOC volume was transacted on Figure Connect by third parties…View ↗
With our technology applicable to the broader capital markets, we are expanding beyond our foundational solutions by developing trading and…View ↗
A newer pillar of our value proposition is the Democratized Prime platform, which disrupts the traditional prime brokerage infrastructure…View ↗
How Do They Make Money?
Loan originators and partners pay per-loan fees for Figure’s technology and marketplace; fees are generally invoiced monthly. Figure also earns origination and loan-sale income, interest on loans, and servicing fees.
10-K for FY2025, filed Mar 16, 2026Ecosystem fees are one-time fees applied on a loan-by-loan basis, and invoiced monthly based on the monthly funded volume the loan…View ↗
The Company bills a fixed percentage for each loan originated and generally bills associated fees on a monthly basis with customary payment…View ↗
The Company’s revenues are substantially comprised of ecosystem and technology fees, loan originations and sales gains or losses, interest…View ↗
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10-K for FY2025, filed Mar 16, 2026
FY2025 revenue by product or service ↗
$506.9M
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10-K for FY2025, filed Mar 16, 2026
$506.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Ecosystem and Technology Fees
Usage-based
10-K for FY2025, filed Mar 16, 2026 |
21% |
Ecosystem and Technology Fees, FY2025
$107.5M Sources
|
Usage-based |
|
Program Fees
|
2.6% |
Program Fees, FY2025
$13.3M Sources
|
|
|
Ecosystem and Technology Fees Including Program Fees
Usage-based
10-K for FY2025, filed Mar 16, 2026 |
24% |
Ecosystem and Technology Fees Including Program Fees, FY2025
$120.8M Sources
|
Usage-based |
Who Are Their Customers?
Loan originators and partners contract directly for access to Figure’s origination and loan-marketplace tools; partner lenders offer loans under their own brands, while Figure also offers home-equity loans directly to consumers.
10-K for FY2025, filed Mar 16, 2026Since launching Figure Connect in June 2024, approximately $3.9 billion in HELOC volume was transacted on Figure Connect by third parties…View ↗
We hold licenses and currently offer (i) HELOCs directly to consumers through our Figure-branded solutions in Washington D.C. and all…View ↗
The Company provides certain loan originators access to its custom-built marketplace platform to facilitate the origination, buying, and…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 26 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 16, 2026
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 14, 2026
Open tableView ↗
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Sep 1, 2026
Acquired Kiavi and its lending platform and DSCR loans
Figure paid cash consideration to acquire Kiavi’s technology platform and DSCR loans on its balance sheet.
Sources
8-K, filed Sep 1, 2026
On September 1, 2026, Figure Technology Solutions, Inc. (the “Company”) completed its previously announced acquisition of Kiavi, Inc., a…View ↗
Growing.
Revenue grew 2.4x in 2 years, from $209.5M in FY2023 to $506.9M in FY2025, about 56% a year.
10-K for FY2025, filed Mar 16, 2026
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