v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Dec. 31, 2023
Dec. 31, 2022
Current assets              
Cash and cash equivalents $ 1,097,123   $ 287,256     $ 116,548  
Restricted cash 64,590   57,777        
Loans held for sale, at fair value 389,032   395,922 $ 468,142   255,516 $ 245,890
Digital assets 102,913   77,862     5,865  
Accounts receivable, net 46,238   20,998     17,301  
Other current assets 59,828   14,875     3,818  
Total current assets 1,759,724   854,690     458,280  
Loan servicing asset, at fair value 100,000   88,497 74,440   55,860 33,777
Loans held for investment, at fair value     0     61,337  
Marketable securities, at fair value 239,694   163,489     37,066  
Digital assets, non-current 7,272   9,704     0  
Loan to related parties 9,927   9,372     7,915  
Other non-current assets 40,172   33,826     39,610  
Total assets 2,156,789   1,159,578     660,068  
Current liabilities              
Accounts payable and accrued liabilities 55,320   37,217     20,140  
Payables to third-party loan owners 336,547   212,619     120,075  
Debt, current 268,923   305,294     264,143  
Other current liabilities 117,385   70,401     2,518  
Total current liabilities 778,175   625,531     406,876  
Debt, non-current 197,827   167,882     25,048  
Lease liability 4,227   2,790     5,721  
Total Liabilities 980,229   796,203     437,645  
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     1  
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     1  
Additional paid-in capital 1,369,956   675,945     555,133  
Accumulated deficit (202,153)   (320,851)     (338,065)  
Total Figure Technology Solutions, Inc. stockholders' equity 1,167,824   355,098     217,070  
Noncontrolling interests in consolidated subsidiaries 8,736   8,277     5,353  
Total Consolidated Equity 1,176,560 $ 404,460 363,375 $ 349,572 $ 302,680 222,423 $ 260,219
Total liabilities and stockholder's equity $ 2,156,789   $ 1,159,578     $ 660,068