v3.25.4
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 1,097,123 $ 287,256
Restricted cash 64,590 57,777
Loans held for sale, at fair value 389,032 395,922
Digital assets 102,913 77,862
Accounts receivable, net 46,238 20,998
Other current assets 59,828 14,875
Total current assets 1,759,724 854,690
Loan servicing asset, at fair value 100,000 88,497
Marketable securities, at fair value 239,694 163,489
Digital assets, non-current 7,272 9,704
Loan to related parties 9,927 9,372
Other non-current assets 40,172 33,826
Total assets 2,156,789 1,159,578
Current liabilities    
Accounts payable and accrued liabilities 55,320 37,217
Payables to third-party loan owners 336,547 212,619
Debt, current 268,923 305,294
Other current liabilities 117,385 70,401
Total current liabilities 778,175 625,531
Debt, non-current 197,827 167,882
Lease liability 4,227 2,790
Total liabilities 980,229 796,203
Stockholders' equity    
Convertible Preferred stock — $0.00001 par value per share: 115,983,447 shares authorized, 111,900,495 shares issued and outstanding at December 31, 2024, liquidation preference $528,566,000; 106,615,302 shares authorized, 104,575,110 issued and outstanding at December 31, 2023, liquidation preference $455,274,801   2
Common stock — $0.00001 par value per share: 240,820,153 shares authorized, 69,300,284 issued and outstanding at December 31, 2024; 197,100,000 shares authorized, 51,618,208 issued and outstanding at December 31, 2023   2
Additional paid-in capital 1,369,956 675,945
Accumulated deficit (202,153) (320,851)
Total Figure Technology Solutions, Inc. stockholders' equity 1,167,824 355,098
Noncontrolling interests in consolidated subsidiaries 8,736 8,277
Total stockholders' equity 1,176,560 363,375
Total liabilities and stockholder's equity 2,156,789 1,159,578
Convertible Preferred Stock    
Stockholders' equity    
Convertible Preferred stock — $0.00001 par value per share: 115,983,447 shares authorized, 111,900,495 shares issued and outstanding at December 31, 2024, liquidation preference $528,566,000; 106,615,302 shares authorized, 104,575,110 issued and outstanding at December 31, 2023, liquidation preference $455,274,801 0 2
Common Stock    
Stockholders' equity    
Common stock — $0.00001 par value per share: 240,820,153 shares authorized, 69,300,284 issued and outstanding at December 31, 2024; 197,100,000 shares authorized, 51,618,208 issued and outstanding at December 31, 2023 0 2
Common Class A    
Stockholders' equity    
Common stock — $0.00001 par value per share: 240,820,153 shares authorized, 69,300,284 issued and outstanding at December 31, 2024; 197,100,000 shares authorized, 51,618,208 issued and outstanding at December 31, 2023 17 0
Common Class B    
Stockholders' equity    
Common stock — $0.00001 par value per share: 240,820,153 shares authorized, 69,300,284 issued and outstanding at December 31, 2024; 197,100,000 shares authorized, 51,618,208 issued and outstanding at December 31, 2023 4 0
Blockchain Common Stock    
Stockholders' equity    
Common stock — $0.00001 par value per share: 240,820,153 shares authorized, 69,300,284 issued and outstanding at December 31, 2024; 197,100,000 shares authorized, 51,618,208 issued and outstanding at December 31, 2023 0 0
Convertible Preferred Stock    
Stockholders' equity    
Convertible Preferred stock — $0.00001 par value per share: 115,983,447 shares authorized, 111,900,495 shares issued and outstanding at December 31, 2024, liquidation preference $528,566,000; 106,615,302 shares authorized, 104,575,110 issued and outstanding at December 31, 2023, liquidation preference $455,274,801 $ 0 $ 0