Figure Technology Solutions (FIGR) financial statements
Figure Technology Solutions reported revenue of $507M in fiscal 2025, up 55.5% a year over 2 years.
Net income was $134M and the operating margin 23.2%, against -23.6% in 2023.
Free cash flow was $42M.
The diluted share count rose 176% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Figure Technology Solutions's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $210M | $341M | $507M |
| Research and development | $49M | $63M | $65M |
| Selling, general and admin | $112M | $160M | $208M |
| Operating income | -$49M | $9M | $118M |
| Pre-tax income | -$52M | $22M | $114M |
| Income tax | $102,000 | $2M | -$21M |
| Net income | -$48M | $17M | $134M |
| EPS (diluted) | -$0.93 | $0.00 | $0.44 |
| Diluted shares | 51M | 73M | 142M |
| Operating margin | -23.6% | 2.7% | 23.2% |
| Net margin | -22.9% | 5.0% | 26.4% |
Balance sheet
Fiscal years, from Figure Technology Solutions's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $176M | $290M | $1.2B |
| Receivables | — | $21M | $52M |
| Total current assets | — | $855M | $1.9B |
| Total assets | — | $1.2B | $2.3B |
| Total current liabilities | — | $626M | $846M |
| Long-term debt | — | $168M | $230M |
| Total liabilities | — | $796M | $1.1B |
| Shareholders' equity | $222M | $355M | $1.2B |
| Net debt | -$176M | $184M | -$968M |
Cash flow
Fiscal years, from Figure Technology Solutions's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | -$33M | -$127M | $63M |
| Capital spending | $17M | $17M | $21M |
| Free cash flow | -$51M | -$144M | $42M |
| Stock-based compensation | $13M | $39M | $62M |
| Share buybacks (net) | $0 | -$1M | $0 |
| Free cash flow margin | -24.2% | -42.1% | 8.3% |
Questions
What was Figure Technology Solutions's revenue in 2025?
$507M in fiscal 2025, from its 10-K filing.
How much free cash flow does Figure Technology Solutions generate?
$42M in fiscal 2025 (operating cash flow minus capital spending).
From Figure Technology Solutions's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.