Figure Technology Solutions, Inc. Class A Common Stock

FIGR

FIGRFigure Technology Solutions, Inc. Class A Common Stock US flag

NASDAQ Global Market

28.49

USD

-2.83

- -

5.20BMarket Cap

Income Statement (USD)

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	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	167	279	434
+ Sales & Services Revenue	167	279	434
- Cost of Revenue	19	22	30
+ Cost of Goods & Services	19	22	30
Gross Profit	148	257	405
+ Other Operating Income	-19	- -	- -
- Operating Expenses	213	234	302
+ Selling, General & Admin	112	110	158
+ Research & Development	49	63	65
+ Other Operating Expense	52	61	79
Operating Income (Loss)	-46	24	103
- Non-Operating (Income) Loss	6	2	-11
+ Interest Expense, Net	1	8	-26
+ Interest Expense	49	56	49
- Interest Income	48	48	75
+ Other Non-Op (Income) Loss	5	-7	15
Pretax Income	-52	22	114
- Income Tax Expense (Benefit)	- -	2	-21
- (Income) Loss from Affiliates	- -	- -	- -
Income (Loss) from Cont Ops	-52	20	134
- Net Extraordinary Losses (Gains)	-9	5	1
+ Discontinued Operations	- -	- -	- -
+ Extraord. & Accounting Changes	-9	5	1
Income (Loss) Incl. MI	-43	15	133
- Minority Interest	5	-3	- -
Net Income, GAAP	-48	17	134
- Preferred Dividends	- -	- -	- -
- Other Adjustments	- -	- -	- -
Net Income Avail to Common, GAAP	-48	17	134
EBIT	-46	24	103
EBITDA	-27	41	119
EBITDA Margin (%)	-15.97	14.63	27.47
EBITA	-46	24	103
Gross Margin (%)	88.78	92.27	93.21
Operating Margin (%)	-27.58	8.49	23.73
Profit Margin (%)	-28.72	6.17	30.81
Sales per Employee	- -	- -	- -
Dividend per Share	- -	0.01	- -
Depreciation Expense	19	17	16
Basic Weighted Avg Shares	209	209	114
Basic EPS, GAAP	-0.23	0.08	1.17
Basic EPS from Cont Ops	-0.25	0.1	1.17
Diluted Weighted Avg Shares	209	209	142
Diluted EPS, GAAP	-0.23	0.08	0.94
Diluted EPS from Cont Ops	-0.25	0.1	0.95

Balance Sheet (USD)

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	2023 Y	2024 Y	2025 Y
Total Current Assets	458	855	1,861
+ Cash, Cash Equivalents & STI	122	365	1,295
+ Cash & Cash Equivalents	117	290	1,198
+ ST Investments	6	75	97
+ Accounts & Notes Receiv	17	21	52
+ Accounts Receivable, Net	17	2	31
+ Notes Receivable, Net	- -	- -	- -
+ Loans Receivable, Net	256	396	- -
+ Other Receivable, Net	-256	-377	21
+ Inventories	- -	- -	- -
+ Raw Materials	- -	- -	- -
+ Work In Process	- -	- -	- -
+ Finished Goods	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -
+ Other Inventory	- -	- -	- -
+ Other ST Assets	319	469	514
+ Misc ST Assets	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -
Total Noncurrent Assets	202	305	456
+ Property, Plant & Equip, Net	- -	- -	- -
+ Property, Plant & Equip	- -	- -	- -
- Accumulated Depreciation	- -	- -	- -
+ LT Investments & Receivables	37	173	277
+ LT Investments	37	173	277
+ LT Receivables	- -	- -	- -
+ Other LT Assets	165	132	180
+ Total Intangible Assets	- -	- -	- -
+ Goodwill	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -
+ Misc LT Assets	165	132	180
Total Assets	660	1,160	2,318
+ Payables & Accruals	20	37	30
+ Accounts Payable	20	37	30
+ Accrued Taxes	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -
+ ST Debt	384	518	711
+ ST Borrowings	384	518	711
+ ST Finance Leases	- -	- -	- -
+ Other ST Liabilities	3	70	106
+ Deferred Revenue	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -
+ Misc ST Liabilities	3	70	106
Total Current Liabilities	407	626	846
+ LT Debt	31	171	234
+ LT Borrowings	25	168	230
+ LT Finance Leases	6	3	4
+ Other LT Liabilities	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -
+ Pension Liabilities	- -	- -	- -
+ Deferred Revenue	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -
Total Noncurrent Liabilities	31	171	234
Total Liabilities	438	796	1,080
+ Preferred Equity and Hybrid Capital	- -	- -	- -
+ Share Capital & APIC	555	676	1,416
+ Common Stock	- -	- -	- -
+ Additional Paid in Capital	555	676	1,416
- Treasury Stock	- -	- -	- -
+ Retained Earnings	-338	-321	-187
+ Other Equity	- -	- -	- -
Equity Before Minority Interest	217	355	1,229
+ Minority/Non Controlling Interest	5	8	8
Total Equity	222	363	1,237
Total Liabilities & Equity	660	1,160	2,318
Shares Outstanding	209	209	216
Number of Employees	- -	- -	- -
Capital Leases - Total	6	3	4
Net Debt	293	396	-257
Net Debt to Equity	131.6	109.01	-20.78
Tangible Common Equity Ratio	33.7	31.34	53.38
Current Ratio	1.13	1.37	2.2
Cash Conversion Cycle	- -	-472.6	-398.78

Cash Flow Statement (USD)

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	2023 Y	2024 Y	2025 Y
+ Net Income	-52	20	134
+ Depreciation & Amortization	19	17	16
+ Non-Cash Items	-44	-113	-145
+ Stock-Based Compensation	13	39	62
+ Deferred Income Taxes	- -	- -	-26
+ Asset Impairment Charge	1	19	- -
+ Other Non-Cash Adj	-58	-171	-181
+ Chg in Non-Cash Work Cap	44	-51	57
+ (Inc) Dec in Accts Receiv	3,248	4,663	6,585
+ (Inc) Dec in Inventories	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -
+ Inc (Dec) in Accts Payable	-4	14	-39
+ Inc (Dec) in Other	-3,200	-4,728	-6,489
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Operating Activities	-33	-127	63
+ Change in Fixed & Intang	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	-1	663
+ Increase in Capital Stock	- -	- -	663
+ Decrease in Capital Stock	- -	-1	- -
+ Net Change in LT Investment	4	-21	-41
+ Dec in LT Investment	4	19	75
+ Inc in LT Investment	-1	-40	-117
+ Net Cash From Acq & Div	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -
+ Cash for JVs	- -	- -	- -
+ Other Investing Activities	-21	-17	-20
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Investing Activities	-18	-37	-61
+ Dividends Paid	- -	-3	- -
+ Net Cash From Debt	66	267	252
+ Cash From Debt	2,844	4,706	6,206
+ Repayments of Debt	-2,779	-4,439	-5,954
+ Other Financing Activities	- -	73	3
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Financing Activities	66	336	918
Effect of Foreign Exchange Rates	- -	- -	- -
Net Changes in Cash	15	172	919
EBITDA	-27	41	119
EBITDA Margin (%)	-15.97	14.63	27.47
Free Cash Flow	-33	-127	63
Net Cash Paid for Acquisitions	- -	- -	- -
Free Cash Flow to Firm	- -	-76	- -
Free Cash Flow to Equity	- -	140	315
Free Cash Flow per Basic Share	-0.16	-0.61	0.55
Price/Free Cash Flow	- -	- -	92.56
Cash Flow to Net Income	0.7	-7.38	0.47
Capital Expenditures	- -	- -	- -