Figure Technology Solutions, Inc. Class A Common Stock (NASDAQ: FIGR) — Company Overview, News & Financial Data
Figure Technology Solutions, Inc.
Figure Technology Solutions, Inc. Class A Common Stock
Figure Technology Solutions, Inc. Class A Common Stock is a financial technology company that operates a digital lending platform and blockchain-based ecosystem for financial services. The company offers home equity lines of credit, debt service coverage ratio loans, cash-out refinancing, and cryptocurrency-backed loans to consumers and real estate investors. Utilizing artificial intelligence and distributed ledger infrastructure via the Provenance blockchain, the platform automates loan origination, underwriting, and funding processes. Additionally, the business operates capital market infrastructure, including an alternative trading system for securities and decentralized prime borrowing and lending protocols for digital assets and cash liquidity.
Snapshot
Operations
Products and/or services of Figure Technology Solutions, Inc. Class A Common Stock
- Home Equity Lines of Credit: Digital origination of home equity lines of credit up to $750,000 for residential homeowners across 45 US states, featuring automated valuation models, online five-minute approval processes, and funding through blockchain-integrated loan pipelines.
- Debt Service Coverage Ratio Loans: Business-purpose mortgage products tailored for real estate investors that evaluate eligibility based on property rental cash flows rather than personal income, providing financing across investor portfolios in 48 US states.
- Cash-Out Refinancing Loans: Structured loan consolidation products allowing residential property owners to consolidate higher-interest credit cards, personal loans, and existing primary mortgages into unified home equity lines secured by residential property collateral.
- Crypto-Backed Loans: Fixed-term collateralized credit solutions enabling individual and institutional asset holders to secure cash borrowing against digital currency holdings, including Bitcoin, Ethereum, and Solana, maintained under specified loan-to-value parameters.
- Democratized Prime Lending: Peer-to-peer digital asset and fiat margin lending marketplace powered by smart contracts, allowing institutional and retail participants to earn variable yields by providing liquidity backed by real-world assets or margin positions.
- Onchain Equity Infrastructure: Alternative trading system and blockchain issuance network that facilitates the tokenized issuance, secondary market trading, clearing, and regulatory settlement of public and private corporate equity securities on the Provenance blockchain network.
Figure Technology Solutions, Inc. Class A Common Stock executive team
- Michael Scott CagneyCo-Founder & Executive Chairman
- Michael Benjamin TannenbaumCEO & Director
- June OuCo-Founder, Advisor & Director
- Minchung KgilChief Financial Officer
- David Todd StevensChief Capital Officer
- Clare HoveChief Operating Officer
- Matt HellwinkelChief Technology Officer
- Bryan MichaleskiHead of Investor Relations
- Brian CristChief Legal Officer & Corporate Secretary
- Arvind MohanChief Business Officer
Latest news about Figure Technology Solutions, Inc. Class A Common Stock
Figure Technology Solutions reports $5,119 million loan volume
United StatesFigure Technology to buy AI lender Kiavi for $717M to expand tokenized loan rails
United StatesFigure Technology Solutions marketplace volume surges 135% on blockchain lending demand
United StatesFigure Technology Solutions posts 113% volume surge in record Q1
United StatesFigure Technology loan volume jumps 131% as blockchain model scales
United States
Key financials
Reported results for Figure Technology Solutions, Inc. Class A Common Stock, in USD.
- Market cap
- 5.3B
- Revenue (TTM)
- 619.1M
- P/E ratio
- 25.4
- EPS (diluted, TTM)
- 0.9
- Dividend yield
- —
- Profit margin
- 38.3%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 457.2M | 166.2M | 133.9M | |
| 279.3M | 9.2M | 17.2M | |
| 166.9M | -49.4M | -47.9M |