false
0002064124
0002064124
2026-07-07
2026-07-07
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 7, 2026
Figure
Technology Solutions, Inc.
(Exact
name of registrant as specified in its charter)
| Nevada |
|
001-42829 |
|
99-2556408 |
| of
incorporation) (State
or other jurisdiction |
|
File
Number) (Commission |
|
Identification
No.) (IRS
Employer |
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 Global Select Market |
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
July 7, 2026, Figure Technology Solutions, Inc. (the “Company”) issued a press release announcing certain preliminary operating
results for the quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form
8-K.
The
information contained in this Current Report on Form 8-K (including Exhibit 99.1 hereto) shall not be deemed “filed” for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended,
or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01
Financial Statements and Exhibits.
(d)
The following Exhibit 99.1 relates to Item 2.02 and shall be deemed to be furnished, and not filed:
| Exhibit
No. |
|
Description |
| |
|
|
| 99.1 |
|
Press Release, dated July 7, 2026 |
| 104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
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:
July 7, 2026 |
By: |
/s/
Michael Tannenbaum |
| |
|
Michael
Tannenbaum |
| |
|
Chief
Executive Officer and Director |
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-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 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 Annual Report on Form 10-K for the period ended December
31, 2025, filed with the SEC on March 16, 2026, our Quarterly Report on Form 10-Q for the three months ended March 31, 2026, filed with
the SEC on May 15, 2026, and in our other filings with the SEC.
About Figure Technology Solutions, Inc
Figure is a blockchain-native capital
marketplace that seamlessly connects origination, funding, and secondary market activity. More than 380 partners use its loan origination
system and capital marketplace. Collectively, Figure and its partners have originated approximately $29 billion of home equity
to date, among other products, making Figure’s ecosystem the largest non-bank provider of HELOCs. The fastest growing components
are Figure Connect, its consumer credit marketplace, and Democratized Prime, Figure’s on-chain lend-borrow marketplace. Figure’s
ecosystem also includes DART (Digital Asset Registry Technology) for asset custody and lien perfection, and $YLDS, an SEC-registered
yield-bearing stablecoin that operates as a tokenized money market fund.
Figure is the market leader in real
world asset (RWA) tokenization. The company has received AAA ratings from S&P and Moody’s on multiple loan securitizations,
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/), our operating metrics website
(https://figure.com/investors/metrics) 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.
