Figure Technology Solutions Reports Preliminary Q4 2025 & December Operating Data
Rhea-AI Summary
Figure Technology Solutions (Nasdaq: FIGR) reported preliminary operating data for December 2025 and Q4 2025, showing sharp volume growth across its consumer loan marketplace and Democratized Prime platform.
Key figures: Consumer Loan Marketplace Volume was $869M in December 2025 (+134% Y/Y) and $2,705M for Q4 2025 (+131% Y/Y, +10% Q/Q). $YLDS in Circulation ended Q4 at $328M (Q/Q +1,462%). Democratized Prime matched offers balance was $206M in December (+442% M/M) and Q4 (+442% Q/Q); borrower demand was $246M in December (+435% M/M, Q4 +811% Q/Q); available lender supply was $213M in December (+353% M/M, Q4 +719% Q/Q). The company notes the data is unaudited and preliminary and may change after financial close.
Positive
- Consumer Loan Marketplace Volume $2,705M in Q4 2025 (+131% Y/Y)
- December 2025 Consumer Loan Volume $869M (+134% Y/Y)
- $YLDS in Circulation $328M at quarter end (+1,462% Q/Q)
- Democratized Prime matched offers $206M (Q4 +442% Q/Q)
- Borrower demand $246M in December (Q4 +811% Q/Q)
- Available lender supply $213M in December (Q4 +719% Q/Q)
Negative
- All figures are unaudited and preliminary and may change after financial close
- Company provided operating metrics instead of GAAP results for the period
News Market Reaction
On the day this news was published, FIGR declined 10.07%, reflecting a significant negative market reaction. Argus tracked a peak move of +4.8% during that session. Argus tracked a trough of -8.5% from its starting point during tracking. Our momentum scanner triggered 53 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $1.35B from the company's valuation, bringing the market cap to $12.01B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
No peer stocks with momentum data or same-day headlines were provided, so the modest -0.55% move in FIGR ahead of this preliminary operating update appears stock-specific within the supplied dataset.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 10 | Crypto expansion | Positive | -2.0% | $YLDS stablecoin expansion to Solana and new collateral options announced. |
| Dec 04 | RWA consortium | Positive | +11.4% | Launch of Solana RWA consortium linking on-chain lending and PRIME token. |
| Nov 24 | Strategic investment | Positive | +2.8% | Ondo Finance invests $25M into $YLDS to support tokenized Treasuries. |
| Nov 21 | Investor conferences | Neutral | +2.8% | Management schedules fireside chats at major investor conferences. |
| Nov 17 | Equity offering filing | Positive | +5.0% | Filing for non-dilutive blockchain-native Series A stock on ATS. |
Recent crypto/RWA announcements have more often seen price gains, though one positive Solana-related update was followed by a decline, indicating occasional divergence.
Over the past few months, FIGR has focused on expanding its blockchain-native lending and tokenization ecosystem. Prior releases highlighted an RWA consortium on Solana with $1B+ monthly on-chain loan originations, $19B total originations, and a stated 70% RWA private credit share. Additional news covered Ondo’s $25M $YLDS investment and a proposed non-dilutive Blockchain Stock offering. Today’s operating metrics on consumer loan volumes and $YLDS in circulation update investors on the fundamental scale behind those initiatives.
Market Pulse Summary
The stock dropped -10.1% in the session following this news. A negative reaction despite strong growth metrics would fit a pattern where some positive crypto-related updates, such as the Solana $YLDS expansion, preceded declines. Investors could be focusing on the preliminary, unaudited nature of the data, or concerns about the durability of very high percentage growth from a smaller base. The scale of Q4 volume at $2,705M and $328M in $YLDS still marks a significant operational footprint.
Key Terms
tokenized assets technical
HELOCs financial
DSCR financial
face-amount certificates financial
GAAP financial
AI-generated analysis. Not financial advice.
NEW YORK, Jan. 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 | +2% | $372 | +134% | ||||||||
| $YLDS in Circulation | $328 | +198% | - | n.m. | ||||||||
| Democratized Prime | ||||||||||||
| Matched Offers Balance | $206 | +442% | $1 | n.m. | ||||||||
| Borrower Demand | $246 | +435% | $1 | n.m. | ||||||||
| Available Lender Supply | $213 | +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 | +10% | +131% | |||
| $YLDS In Circulation | $328 | +1,462% | - | n.m. | ||
| Democratized Prime | ||||||
| Matched Offers Balance | $206 | +442% | $1 | n.m. | ||
| Borrower Demand | $246 | +811% | $1 | n.m. | ||
| Available Lender Supply | $213 | +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 materially include, among others: our history of losses and the risk that we may not maintain profitability; our reliance on HELOCs and exposure to fluctuations in the HELOC market and housing values; our ability to attract and retain borrowers, partners, and loan purchasers and to drive adoption of Figure-branded and Partner-branded channels including Figure Connect; loan performance and default rates and the effect of credit performance on access to and pricing of warehouse facilities, whole-loan sales, and securitizations; changes in interest rates and U.S. monetary policy that impact originations, funding costs, and investor demand; legal and regulatory risks affecting lending and mortgage-related activities and the evolving framework for digital assets, including potential changes in the characterization or regulation of certain digital assets and related products; dependence on key third-party providers including cloud, custodial, valuation, and data vendors and risks from outages or service disruptions; technology failures, cybersecurity incidents, or other operational disruptions; protection and enforcement of intellectual property; compliance with licensing, consumer protection, privacy, data security, and sanctions/AML laws, and shifting enforcement priorities at the federal and state levels; our ability to remediate previously identified material weaknesses and meet our post-IPO public company reporting and internal control obligations; competition; macroeconomic and geopolitical conditions; our dual-class structure and concentrated voting control and related impacts on corporate governance; equity market volatility affecting our Class A common stock; and the other risks described in “Risk Factors” in our Form 10-Q filed with the SEC for the quarter ended September 30, 2025.
About Figure Technology Solutions, Inc
Figure Technology Solutions, Inc. (Nasdaq: FIGR) is a blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 200 partners use its loan origination system and capital marketplace. Collectively, Figure and its partners have originated over
Figure is the market leader in real world asset (RWA) tokenization and its most recent securitization received a AAA rating from S&P and Moody’s, the first of its kind for blockchain finance. For more information, visit https://figure.com or follow Figure on LinkedIn.
News & Information Disclosure
Investors should note we may use our website (https://www.figure.com/), our investor relations website (https://investors.figure.com/), and the social media accounts of Figure, Figure Markets and/or Mike Cagney, our Co-Founder and Executive Chairman, as a means of disclosing information and for complying with our disclosure obligations under Regulation FD. These include X (@figure @mcagney, @figuremarkets), LinkedIn (https://www.linkedin.com/company/figuretechnologies/, https://www.linkedin.com/in/mikecagney/), Instagram (@figuretechnologies), Facebook (https://www.facebook.com/Figure/), and YouTube (@figuretechnologies). The information we post through these channels may be deemed material. Investors should monitor these channels in addition to reviewing our press releases, SEC filings, and public conference calls.
Contact:
press@figure.com
FAQ
What consumer loan marketplace volume did FIGR report for Q4 2025?
How much $YLDS in circulation did FIGR report for Q4 2025?
What were Democratized Prime matched offers and borrower demand for December 2025 for FIGR?
Are FIGR's December 2025 and Q4 2025 figures final GAAP results?
How did FIGR's consumer loan marketplace volume change month-over-month in December 2025?
