Figure Technology Solutions, Inc.

Figure is building the future of capital markets using blockchain-based technology. The company's proprietary technology powers next-generation lending, trading, and investing activities in areas such as consumer credit and digital assets. Figure applies a blockchain ledger to better serve end-customers, improve speed and efficiency, and enhance standardization and liquidity. Using its technology, Figure develops dynamic, vertically-integrated marketplaces across the approximately $2 trillion consumer credit market and the rapidly growing approximately $3 trillion cryptocurrency and digital asset market. Since its founding, Figure has grown quickly in a capital-efficient manner and has achieved strong and growing profitability. For the year ended December 31, 2025, Figure reported a net income of $134.3 million and Adjusted EBITDA of $251.2 million. This compares to a net income of $19.9 million and Adjusted EBITDA of $101.4 million for the year ended December 31, 2024. As of December 31, 2025, the company had an accumulated deficit of $187.0 million and total stockholders' equity of $1.2 billion, compared to an accumulated deficit of $320.9 million and total stockholders' equity of $363.4 million as of December 31, 2024. Figure addresses challenges in capital markets, which are currently fragmented and operate on legacy systems with outdated processes for loan approvals and transaction processing. These legacy systems create inefficiencies and limit the development of alternative marketplaces. Manual elements in ownership records and asset transfers also constrain liquidity, maintain high costs, and are prone to errors. Figure's blockchain-based technology aims to innovate beyond these legacy processes. The company has built a transformative, scaled, and fast-growing technology platform that supports both legacy systems and aims to shift customer adoption towards blockchain-based solutions.