Quarterly ResultMay 15, 2026, 06:17 AM
Figure Technology Solutions Q1 Net Income $44.9M; Revenue +97.6%
AI Summary
Figure Technology Solutions, Inc. reported a significant turnaround in its first quarter 2026 financial results, achieving a net income of $44.9 million, compared to a net loss in the prior year period. Total net revenue nearly doubled, reaching $167.0 million, driven by substantial growth in ecosystem and technology fees and gains from loan sales. The company also completed a secondary public offering of its Blockchain Common Stock and repurchased $10.0 million of its Class A common stock during the quarter.
Key Highlights
- Net income attributable to Figure Technology Solutions, Inc. was $44.9 million for Q1 2026, up from a $(0.8) million loss in Q1 2025.
- Total net revenue increased by 97.6% to $167.0 million for Q1 2026, compared to $84.5 million in Q1 2025.
- Basic earnings per share (EPS) was $0.21 for Q1 2026, a significant improvement from $(0.01) in Q1 2025.
- Ecosystem and technology fees surged by 203.2% to $47.3 million in Q1 2026 from $15.6 million in Q1 2025.
- Gain on sale of loans, net, rose by 65.8% to $49.4 million for Q1 2026, up from $29.8 million in Q1 2025.
- Cash and cash equivalents stood at $1.46 billion as of March 31, 2026, an increase from $1.20 billion at December 31, 2025.
- Completed a secondary public offering of 4,375,000 shares of Blockchain Common Stock in February 2026.
- Repurchased 312,500 shares of Class A common stock for $10.0 million in connection with the secondary offering.
Price Impact
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