Revenue: As of FY2026 Q1, the actual value is USD 167.01 M.EPS: As of FY2026 Q1, the actual value is USD 0.18, beating the estimate of USD 0.165.EBIT: As of FY2026 Q1, the actual value is USD 39.45 M.<h4>Net Revenue</h4>Figure Technology Solutions, Inc. reported total net revenue of $167,007 thousand for the three months ended March 31, 2026, marking a 97.6% increase from $84,510 thousand for the same period in 2025.<h4>Revenue by Category (Three Months Ended March 31)</h4><ul><li>Ecosystem and technology fees: These fees increased by 203.0% to $47,306 thousand in 2026 from $15,613 thousand in 2025, driven primarily by a 237.3% growth in Figure Connect Volume and a $3.1 million increase in program fees due to a $941.8 million rise in securitization volume.<ul><li>Technology offering fees were $17,296 thousand in 2026, up from $7,895 thousand in 2025.</li><li>Ecosystem fees were $24,419 thousand in 2026, up from $5,212 thousand in 2025.</li><li>Program fees were $5,591 thousand in 2026, up from $2,506 thousand in 2025.</li></ul></li><li>Servicing fees: These increased by 36.6% to $9,825 thousand in 2026 from $7,191 thousand in 2025, mainly due to a $6.1 billion (72.0%) increase in the weighted-average servicing portfolio unpaid principal HELOC loan balance.</li><li>Interest income: This rose by 72.6% to $19,376 thousand in 2026 from $11,224 thousand in 2025, primarily due to a $5.9 million increase in interest earned on cash balances and a $2.2 million increase in interest earned on HELOCs.</li><li>Origination fees: These increased by 85.4% to $23,130 thousand in 2026 from $12,477 thousand in 2025, driven by a 45.5% increase in transaction volume and higher weighted average origination fees from Figure-branded volume growth.</li><li>Gain on sale of loans, net: This category saw a 65.7% increase to $49,356 thousand in 2026 from $29,792 thousand in 2025, attributed to a $19.2 million increase in realized gains on loans from higher UPB of loans sold and a 14.9% increase in the weighted average price of loans sold.<ul><li>Realized gain on whole loan sales was $43,442 thousand in 2026 compared to $18,182 thousand in 2025.</li><li>Realized gain on derivatives was $1,619 thousand in 2026 compared to a - $1,300 thousand loss in 2025.</li><li>Unrealized gain on loans was $1,949 thousand in 2026 compared to $10,263 thousand in 2025.</li><li>Unrealized gain on derivatives was $2,346 thousand in 2026 compared to a - $3,376 thousand loss in 2025.</li></ul></li><li>Gain on servicing asset, net: This increased by 3846.9% to $12,867 thousand in 2026 from $326 thousand in 2025, largely due to a $10.1 million increase in new servicing assets and a $5.9 million increase from changes in valuation inputs and assumptions.</li><li>Marketable securities income, net: This decreased by -51.9% to $3,660 thousand in 2026 from $7,613 thousand in 2025, primarily due to a - $2.5 million loss on the change in fair value in 2026 compared to a $2.2 million gain in 2025.</li><li>Other revenue: This increased by 442.7% to $1,487 thousand in 2026 from $274 thousand in 2025.</li></ul><h4>Figure-branded Net Revenue</h4>Figure-branded net revenue increased by 94.8% to $41,656 thousand in 2026 from $21,389 thousand in 2025, driven by a 93.5% increase in origination fees and a 95.0% increase in gain on sale of loans, net, due to a 99.0% increase in Figure-branded volume.<h4>Partner-branded Net Revenue</h4>Partner-branded net revenue increased by 114.1% to $78,136 thousand in 2026 from $36,493 thousand in 2025, primarily due to a 206.5% increase in ecosystem and technology fees and a 50.5% increase in gain on sale of loans, net.<h4>Total Expenses (Three Months Ended March 31)</h4>Total expenses increased by 63.6% to $125,066 thousand in 2026 from $76,438 thousand in 2025. General and administrative: Increased by 142.0% to $45,595 thousand in 2026 from $18,840 thousand in 2025. Technology and product development: Decreased by -10.4% to $15,605 thousand in 2026 from $17,416 thousand in 2025. Operations and processing: Increased by 69.2% to $21,447 thousand in 2026 from $12,678 thousand in 2025. Sales and marketing: Increased by 70.3% to $25,483 thousand in 2026 from $14,967 thousand in 2025. Interest expense: Increased by 53.9% to $16,889 thousand in 2026 from $10,972 thousand in 2025. Other expense: Decreased by -97.0% to $47 thousand in 2026 from $1,565 thousand in 2025.<h4>Operating Income</h4>Operating income increased significantly by 419.6% to $41,941 thousand in 2026 from $8,072 thousand in 2025.<h4>Net Income (Loss)</h4>Net income attributable to Figure Technology Solutions, Inc. was $44,945 thousand in 2026, a substantial improvement from a net loss of - $820 thousand in 2025.<h4>Cash Flow (Three Months Ended March 31)</h4><ul><li>Net cash used in operating activities: Was - $37,818 thousand in 2026, compared to - $140,273 thousand in 2025.</li><li>Net cash used in investing activities: Was - $53,593 thousand in 2026, compared to - $16,127 thousand in 2025.</li><li>Net cash provided by financing activities: Was $361,223 thousand in 2026, compared to $196,032 thousand in 2025.</li><li>Cash, cash equivalents, and restricted cash, end of period: Increased to $1,536,590 thousand in 2026 from $387,079 thousand in 2025.</li></ul><h4>Key Performance Measures (Three Months Ended March 31)</h4><ul><li>Ecosystem volume: Increased to $3,720,418 thousand in 2026 from $1,577,710 thousand in 2025.</li><li>Consumer loan marketplace volume: Increased to $2,902,378 thousand in 2026 from $1,365,136 thousand in 2025.<ul><li>Partner-branded volume was $2,265,341 thousand in 2026 compared to $1,045,059 thousand in 2025.</li><li>Figure-branded volume was $637,037 thousand in 2026 compared to $320,077 thousand in 2025.</li></ul></li><li>Digital asset marketplace volume: Increased to $818,040 thousand in 2026 from $212,574 thousand in 2025.</li><li>Figure Connect volume: Increased to $1,611,840 thousand in 2026 from $477,904 thousand in 2025.</li><li>Net take rate: Increased to 3.8% in 2026 from 3.6% in 2025.</li><li>YLDS in circulation: Increased to $598,047 thousand as of March 31, 2026, from $2,700 thousand as of March 31, 2025.</li><li>Democratized Prime (as of March 31, 2026): Matched offers balance was $367,932 thousand, Borrower demand was $376,429 thousand, and Available lender supply was $452,778 thousand.</li></ul><h4>Strategic Summary and Outlook</h4>Figure Technology Solutions, Inc. launched the On-Chain Public Equity Network (“OPEN”) in February 2026 to modernize equity securities infrastructure, aiming to provide new capabilities for public companies and shareholders, such as lower costs and increased liquidity. The company’s strategy involves reducing reliance on traditional centralized market infrastructure and supporting frictionless two-way exchangeability between blockchain securities and listed Class A common stock to promote liquidity and price parity. Additionally, Figure Technology Solutions, Inc. authorized a Share Repurchase Program in February 2026, allowing for the repurchase of up to $200 million of its Class A common stock and Blockchain common stock over the next 12 months, subject to market conditions and other factors.

Figure Tech Solutions - CL | 10-Q: FY2026 Q1 Revenue: USD 167.01 M