Figure Technology Solutions, Inc.

Figure Technology Solutions, Inc. announced its intention to offer $600 million in senior notes through a private offering. The primary use of the net proceeds will be to fund the cash consideration for the acquisition of Kiavi, an AI-powered lending platform for residential real estate investors. The completion of the notes offering is not contingent on the Kiavi acquisition, with proceeds to be used for general corporate purposes if the acquisition does not close.

Figure Technology Solutions, Inc. has entered into a Merger Agreement to acquire Kiavi, Inc. for approximately $532.4 million in cash. The transaction is subject to customary closing conditions, including regulatory approvals and equityholder consent. Concurrently, Figure Technology Solutions secured a $600 million bridge loan facility from Bank of America and Barclays to finance the acquisition. The deal also involves a pre-closing restructuring and the sale of a Kiavi subsidiary.

Figure Technology Solutions, Inc. announced a definitive agreement to acquire Kiavi, an AI-powered lending platform for residential real estate investors, for $717 million. A joint venture between Figure and Sixth Street will acquire Kiavi’s balance sheet assets. This acquisition is expected to add over $7 billion in new annual first-lien volume to Figure Connect and more than $100 million monthly to Democratized Prime, supporting Figure's mission to bring assets onto blockchain and reinforcing its 60% medium-term EBITDA margin target.

Figure Technology Solutions reported preliminary operating data for May 2026, with Consumer Loan Marketplace Volume reaching $1,402 million. This represents a significant 135% increase year-over-year and a 5% rise month-over-month. Additionally, $YLDS in Circulation grew to $557 million, up 5% from April, while the Democratized Prime platform showed increased borrower demand and available lender supply.

Figure Technology Solutions announced its participation in two upcoming investor conferences: the Bernstein 42nd Annual Strategic Decisions Conference on May 27th and the Piper Sandler Global Exchange & FinTech Conference on June 3rd. The company, a leading blockchain-native capital marketplace, will provide live audio webcasts of both presentations, accessible via its investor relations website. Recordings will be available for replay for at least 90 days.

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.

Figure Technology Solutions reported strong first-quarter 2026 financial results, with net income reaching $45 million and net revenue increasing 98% year-over-year to $167 million. The company achieved record Consumer Loan Marketplace volume of $2.9 billion, a 113% increase from the prior year, and expanded its partner ecosystem by adding 80 new partners. Adjusted EBITDA grew 192% year-over-year to $83 million, with a margin of 49.6%. The company also provided Q2 2026 guidance for Consumer Loan Marketplace volume between $3.8 billion and $4.1 billion.

Figure Technology Solutions reported strong first-quarter 2026 financial results, with net revenue increasing 98% year-over-year to $167 million and net income reaching $45 million, a significant improvement from a loss in the prior year. The company saw exceptional growth in its Consumer Loan Marketplace volume, up 113% to $2.9 billion, and expanded its blockchain ecosystem with a record 80 new partners. Figure also provided Q2 2026 guidance for Consumer Loan Marketplace volume between $3.8 billion and $4.1 billion.

Figure Technology Solutions reported preliminary operating data for April 2026, showing significant growth in its Consumer Loan Marketplace Volume. This volume reached $1,338 million, marking a 12% increase month-over-month and a substantial 108% rise year-over-year. While $YLDS in Circulation saw a 12% monthly decrease to $529 million, Democratized Prime's Matched Offers Balance and Borrower Demand both increased by 4% and 5% respectively, indicating mixed performance across its blockchain-native platforms.

Figure Technology Solutions, Inc. (FIGR) will hold its Annual Meeting of Stockholders virtually on June 4, 2026, to elect eight directors and ratify KPMG LLP as its independent registered public accounting firm for fiscal year 2026. The Board unanimously recommends voting for both proposals. The filing also details auditor fees, with total fees increasing to $6,965,082 in 2025 from $4,052,555 in 2024.