v3.25.4
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Convertible Preferred Stock
Common Class A
Common Class B
Total Figure Technology Solutions, Inc. Stockholders’ Equity
Preferred Stock
Convertible Preferred Stock
Common Stock
Common Stock
Common Class A
Common Stock
Common Class B
Additional Paid-In Capital
Accumulated Deficit
Noncontrolling Interests in Consolidated Subsidiaries
Preferred Stock, Beginning balance (in shares) at Dec. 31, 2022           104,575,110            
Common stock, Beginning balance (in shares) at Dec. 31, 2022             51,035,303 0 0      
Beginning balance at Dec. 31, 2022 $ 260,219       $ 250,719 $ 1 $ 1 $ 0 $ 0 $ 540,540 $ (289,823) $ 9,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Exercise of stock options and warrants (in shares)             582,905          
Exercise of stock options and warrants 1,143       1,143         1,143    
Stock compensation expense 13,450       13,450         13,450    
Dilution 54       (307)           (307) 361
Net income (loss) (52,443)       (47,935)           (47,935) (4,508)
Preferred Stock, Ending balance (in shares) at Dec. 31, 2023           104,575,110            
Common stock, Ending balance (in shares) at Dec. 31, 2023             51,618,208 0 0      
Ending balance at Dec. 31, 2023 222,423       217,070 $ 1 $ 1 $ 0 $ 0 555,133 (338,065) 5,353
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Vesting of preferred stock warrants 9,542       9,542         9,542    
Common stock repurchase and retirement (in shares)             (186,054)          
Common stock repurchase and retirement (1,001)       (1,001)         (1,001)    
Exercise of stock options and warrants (in shares)             1,370,026          
Exercise of stock options and warrants 3,037       3,037         3,037    
Stock compensation expense 38,726       38,726         38,726    
Issuance and exchange of equity (in shares)             16,498,104          
Issuance and exchange of equity 1       1   $ 1          
Issuance of Series E preferred stock, net of issuance costs (in shares)           7,325,385            
Issuance of Series E preferred stock, net of issuance costs 71,774       71,774 $ 1       71,773    
Noncontrolling interest investment in subsidiary 290                     290
Dividends & redemptions of subsidiaries (1,332)       (1,265)         (1,265)   (67)
Net income (loss) $ 19,915       17,214           17,214 2,701
Preferred Stock, Ending balance (in shares) at Dec. 31, 2024 0 111,900,495       111,900,495            
Common stock, Ending balance (in shares) at Dec. 31, 2024     0 0     69,300,284 0 0      
Ending balance at Dec. 31, 2024 $ 363,375       355,098 $ 2 $ 2 $ 0 $ 0 675,945 (320,851) 8,277
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Vesting of preferred stock warrants 9,499       9,499         9,499    
Exercise of stock options and warrants (in shares)           2,010,410 1,006,731 1,238,709        
Exercise of stock options and warrants 12,759       12,759 $ 1   $ 2   12,756    
Stock compensation expense 62,922       62,922         62,922    
Noncontrolling interest investment in subsidiary 100                     100
Dividends & redemptions of subsidiaries (436)                     (436)
Settlement of restricted stock units (in shares)               2,690,220        
Issuance and conversion of common stock in connection with initial public offering, net of offering costs and commissions (in shares)             (70,307,015) 98,538,620        
Issuance and conversion of common stock in connection with initial public offering, net of offering costs and commissions 654,690       654,690   $ (2) $ 10   654,682    
Conversion of convertible preferred stock to common stock in connection with initial public offering (in shares)           (113,910,905)   113,910,905        
Conversion of convertible preferred stock to common stock in connection with initial public offering 8       8 $ 3   $ 11        
Conversion of Class A Common Stock to Class B Common Stock (in shares)               (37,893,047) 37,893,047      
Conversion of Class A Common Stock to Class B Common Stock 0             $ (4) $ 4     0
Net income (loss) $ 134,281       133,858           133,858 423
Preferred Stock, Ending balance (in shares) at Dec. 31, 2025 0 0       0            
Common stock, Ending balance (in shares) at Dec. 31, 2025     178,485,407 37,893,047     0 178,485,407 37,893,047      
Ending balance at Dec. 31, 2025 $ 1,237,198       $ 1,228,834 $ 0 $ 0 $ 19 $ 4 $ 1,415,804 $ (186,993) $ 8,364