Figure Technology Solutions reported strong fourth quarter and full-year 2025 results, driven by significant year-over-year growth in Consumer Loan Marketplace volume and expanding adoption of its blockchain-native platforms. The company demonstrated substantial improvements in profitability metrics, including net income and Adjusted EBITDA, alongside a notable increase in net revenue.
Consumer Loan Marketplace volume increased 131% year-over-year to $2.7 billion in Q4 2025.
positiveAdjusted EBITDA increased 426% year-over-year to $81 million in Q4 2025, with margins expanding significantly.
positiveNet revenue increased 91% year-over-year to $160 million in Q4 2025.
positiveAnnounced a new $200 million share repurchase program authorization.
positiveOperating income was $29 million in Q4 2025, a significant increase from a loss of $0.8 million in Q4 2024, but the operating income margin for Q4 2025 was 18.15% ($29,013M / $159,913M), which is lower than the Adjusted EBITDA margin of 51.6%.
attentionInterest expense was $13.1 billion in Q4 2025, an increase from $14.5 billion in Q4 2024, indicating continued significant financing costs.
attentionThe company reported a net loss attributable to noncontrolling interests of $82 thousand in Q4 2025, compared to income of $413 thousand in Q4 2024.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Ecosystem and technology fees | N/A | — | — | — |
Servicing fees | N/A | — | — | — |
Interest income | N/A | — | — | — |
Origination fees | N/A | — | — | — |
Gain on sale of loans, net | N/A | — | — | — |
Gain on servicing asset, net | N/A | — | — | — |
Other revenue | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Closed the year with strong fourth quarter results, with triple-digit year-over-year growth in Consumer Loan Marketplace volume, increased adoption of Figure Connect, and expanding activity within our blockchain ecosystem.
Momentum reflects the diversity and scalability of our model.
Looking ahead, we remain focused on expanding our partner network, deepening our marketplace liquidity, and advancing our blockchain-native infrastructure.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.