Welcome to our dedicated page for Figure Technology Solutions SEC filings (Ticker: FIGR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Figure Technology Solutions, Inc. filings document the public-company reporting record for a Nevada corporation operating a blockchain-native capital marketplace. Registration statements and amendments describe the IPO process, the company's single operating segment, loan and tokenized-asset marketplace model, and its capital structure, including Class A common stock, Class B common stock, convertible preferred stock and blockchain common stock.
Current reports on Form 8-K cover operating and financial results, preliminary marketplace metrics, capital actions such as the share repurchase authorization, and the designation of Series A Blockchain Common Stock with dividend, liquidation and voting rights cast through Provenance Blockchain wallets. Proxy materials cover annual meeting proposals, director elections, auditor ratification, shareholder voting matters and governance disclosures.
Figure Technology Solutions, Inc. reported that Chief Executive Officer Michael Benjamin Tannenbaum had 143,774 shares of Class A Common Stock withheld on March 3, 2026 to cover tax liability upon vesting of restricted stock units at $29.72 per share. This was a tax-withholding disposition, not a market sale, and left him holding 3,498,129 shares directly.
Figure Technology Solutions, Inc. Chief Financial Officer Minchung Kgil reported a tax-related share disposition. On the vesting of restricted stock units, 20,057 shares of Class A Common Stock were withheld by the company at $29.72 per share to cover tax liabilities, described as a tax-withholding disposition and not a market sale. After this withholding, Kgil directly owned 564,098 shares of Class A Common Stock.
Figure Technology Solutions, Inc. director and ten percent owner Michael Scott Cagney reported that 68,059 shares of Class B Common Stock were disposed of on March 3, 2026 as a tax-withholding disposition. According to the disclosure, these shares were withheld by the issuer to satisfy tax liability on the vesting of restricted stock units and were not a market sale, at a price of $29.72 per share.
After this transaction, Cagney directly held 30,037,236 shares of Class B Common Stock. The filing also lists indirect holdings of Class B Common Stock as of that date: 4,313,645 shares held by a family trust, 2,237,012 shares held by Rockfish LLC, and 3,185,970 shares held by each of Children's Trust 1 and Children's Trust 2.
Figure Technology Solutions, Inc. Chief Capital Officer David Todd Stevens reported an open-market sale of Class A Common Stock. He sold 26,057 shares at a price of $32.0000 per share. After this transaction, he directly owned 462,943 shares of Class A Common Stock.
Figure Technology Solutions reported strong Q4 and full-year 2025 results and announced authorization for a $200 million share repurchase program. The company’s Consumer Loan Marketplace volume reached $2.7 billion in Q4 2025, up 131% year-over-year, while full-year 2025 volume rose to $8.4 billion, up 63%.
Q4 net revenue nearly doubled to $159.9 million, with Adjusted Net Revenue of $157.6 million, up 105.7% year-over-year. Net income for the quarter increased to $15.1 million, up 156%, and Adjusted EBITDA surged to $81.3 million, lifting Q4 Adjusted EBITDA margin to 51.6%.
For full-year 2025, net income climbed to $134.3 million from $19.9 million, with net income margin expanding to 26.5%. Adjusted EBITDA reached $251.2 million with a 48.8% margin. The company ended the period with $1.2 billion in cash and cash equivalents and continued to scale blockchain-native platforms like Figure Connect, Democratized Prime, and its $YLDS tokenized money market product.
Figure Technology Solutions, Inc. created a new Series A Blockchain Common Stock by filing a certificate of designation in Nevada. This blockchain-designated stock has the same dividend and liquidation rights as the company’s Class A common stock, carries one vote per share, and can be converted at any time into Class A common stock on a one-for-one basis. Holders can cast votes using wallets on the Provenance Blockchain, and the new series generally votes together with the existing common stock classes.
The company also completed capital markets transactions involving both traditional and blockchain shares. Selling stockholders completed a secondary offering of 4,687,500 Class A common shares, while the company offered and sold 4,375,000 shares of the new Blockchain Stock through underwriters. Both the Class A shares and the Blockchain Stock, as well as the Class A shares issuable upon conversion of the Blockchain Stock, are covered by effective registration statements on Form S-1.
Figure Technology Solutions, Inc. is offering up to 4,375,000 shares of Series A Blockchain Common Stock and the prospectus registers 4,687,500 shares of Class A common stock to be sold by selling stockholders. The registration also covers Class A shares issuable on conversion of the blockchain stock.
The filing describes a paired execution: purchasers pay for blockchain stock while underwriters transfer equivalent Class A shares to the company. The company agreed to repurchase approximately $10,000,000 of Class A shares from the underwriters at the offering price. The offering is expected to close on or about February 18, 2026.
Figure Technology Solutions, Inc. has filed Amendment No. 4 to its S-1 to register up to 4,230,000 shares of Series A Blockchain Common Stock and 4,230,000 shares of Class A common stock, plus Class A shares issuable upon conversion of the blockchain stock. Investors will buy blockchain stock, while selling stockholders sell an equivalent number of Class A shares to underwriters, which then deliver Class A shares to Figure as payment for the blockchain stock sold.
Figure may also repurchase up to $30 million of Class A shares from the underwriters in connection with this structure. The blockchain stock is convertible 1:1 into NASDAQ-listed Class A common stock (ticker “FIGR”) and will trade on an alternative trading system rather than a national exchange. Figure reports rapid growth and improving profitability, with net income of $119 million and Adjusted EBITDA of $170 million for the nine months ended September 30, 2025, and total stockholders’ equity of $1.2 billion as of that date.
Figure Technology Solutions reported strong preliminary, unaudited results for the fourth quarter and full year ended December 31, 2025. For Q4 2025, the company expects Consumer Loan Marketplace volume of $2.7 billion, up 131% year over year, net revenue of $158.0–$162.0 million, GAAP net income of $12.5–$13.5 million, and Adjusted EBITDA of $80.0–$83.0 million with margins near 50–53%.
For full-year 2025, Figure expects Consumer Loan Marketplace volume of $8.4 billion, up 63%, net revenue of $505.0–$509.0 million (versus $340.9 million in 2024), GAAP net income of $131.5–$132.5 million (versus $19.9 million), and Adjusted EBITDA of $249.0–$252.0 million (versus $101.4 million). Results rely on non-GAAP measures like Adjusted Net Revenue and Adjusted EBITDA, which exclude items including valuation changes in mortgage servicing rights, digital asset fair value changes, stock-based compensation, registration costs, and other adjustments. The company will discuss these results and its outlook on a webcast on February 26, 2026.
Figure Technology Solutions, Inc. is registering 4,230,000 shares of Series A Blockchain Common Stock and 4,230,000 shares of Class A common stock, including shares issuable upon conversion of blockchain stock, in a combined primary and secondary offering.
Investors buy blockchain stock, while selling stockholders sell an equivalent number of Class A shares to underwriters. Proceeds from blockchain stock sales are used by Figure to purchase the Class A shares. Figure may also repurchase up to $30 million of Class A common stock from the underwriters in connection with this deal, reducing the number of blockchain shares issued. The blockchain stock will trade on Figure’s alternative trading system, while the Class A common stock continues trading on NASDAQ under "FIGR."