Figure Technology Solutions, Inc. reported very strong first‑quarter 2026 results, highlighted by rapid growth in its blockchain-native capital marketplace and a swing to solid profitability.
For Q1 2026, net revenue reached $167.0 million, up 97.6% from $84.5 million a year earlier. Net income was $45.0 million versus a loss of $0.6 million in Q1 2025, producing a 27.0% net income margin. Adjusted net revenue was $166.8 million, up 91.8% year over year, while Adjusted EBITDA rose to $82.7 million, a 191.8% increase, with margin expanding to 49.6%.
Consumer Loan Marketplace volume was $2.9 billion, a 112.6% year‑over‑year increase, including $1.6 billion of Figure Connect volume. Ecosystem Volume reached $3.7 billion, up 135.8%. The company ended the quarter with $1.46 billion in cash and cash equivalents and $503.9 million of loans held for sale. Management issued Q2 2026 guidance for Consumer Loan Marketplace Volume of $3.8–$4.1 billion and noted strong growth in $YLDS in circulation and Democratized Prime activity.
FMR LLC reported beneficial ownership of 12,807,537.26 shares of Figure Technology Solutions Inc Class A common stock, representing 7.2% of the class as of 03/31/2026. The filing shows sole dispositive power for 12,807,537.26 shares and sole voting power of 12,685,449.31.
FMR LLC reported beneficial ownership of 12,807,537.26 shares of Figure Technology Solutions Inc Class A common stock, representing 7.2% of the class as of 03/31/2026. The filing shows sole dispositive power for 12,807,537.26 shares and sole voting power of 12,685,449.31.
Figure Technology Solutions Chief Executive Officer Michael Benjamin Tannenbaum reported a mix of stock option exercise and open-market sales of the company’s Class A Common Stock. On April 28–29, 2026, he sold an aggregate of 184,194 shares in several open-market transactions at weighted average prices in the low-to-mid $30 range, with detailed price ranges provided in the filing footnotes.
The sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025, indicating they were scheduled in advance. He also exercised stock options for 12,567 shares at a $4.82 exercise price, converting derivative awards into common stock. Following these transactions, he directly holds 3,193,641 Class A shares.
Figure Technology Solutions Chief Executive Officer Michael Benjamin Tannenbaum reported a mix of stock option exercise and open-market sales of the company’s Class A Common Stock. On April 28–29, 2026, he sold an aggregate of 184,194 shares in several open-market transactions at weighted average prices in the low-to-mid $30 range, with detailed price ranges provided in the filing footnotes.
The sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025, indicating they were scheduled in advance. He also exercised stock options for 12,567 shares at a $4.82 exercise price, converting derivative awards into common stock. Following these transactions, he directly holds 3,193,641 Class A shares.
FIGR: Rule 144 notice reporting scheduled sale of Class A common stock. The filing lists 56,825 shares of Class A common stock identified as securities to be sold, acquired as compensation in the form of restricted stock units on 04/23/2026. The notice also reports prior sales during the past three months: 122,342 shares sold on 04/28/2026 for $4,083,360 and 5,027 shares sold on 04/28/2026 for $164,014.92. The filing shows 181,663,016 shares outstanding as of 04/29/2026.
FIGR: Rule 144 notice reporting scheduled sale of Class A common stock. The filing lists 56,825 shares of Class A common stock identified as securities to be sold, acquired as compensation in the form of restricted stock units on 04/23/2026. The notice also reports prior sales during the past three months: 122,342 shares sold on 04/28/2026 for $4,083,360 and 5,027 shares sold on 04/28/2026 for $164,014.92. The filing shows 181,663,016 shares outstanding as of 04/29/2026.
FIGR filed a Form 144 notice to sell 127,369 shares of Class A Common stock. The filing lists an aggregate value of $4,376,398.84 and shows securities acquired as compensation: 114,802 restricted stock units (04/23/2026) and 12,567 stock-option-related shares (04/28/2026) with a cashless exercise / same-day sale method. The filing records 181,663,016 shares outstanding as of 04/28/2026.
FIGR filed a Form 144 notice to sell 127,369 shares of Class A Common stock. The filing lists an aggregate value of $4,376,398.84 and shows securities acquired as compensation: 114,802 restricted stock units (04/23/2026) and 12,567 stock-option-related shares (04/28/2026) with a cashless exercise / same-day sale method. The filing records 181,663,016 shares outstanding as of 04/28/2026.
Figure Technology Solutions, Inc. Chief Executive Officer Michael Benjamin Tannenbaum reported a tax-related share disposition. On April 23, 2026, 132,861 shares of Class A Common Stock were withheld at $32.22 per share to satisfy tax liability on the vesting of restricted stock units. The footnote clarifies this was not a market sale. After this withholding, he directly owned 3,365,268 shares of Class A Common Stock.
Figure Technology Solutions, Inc. Chief Executive Officer Michael Benjamin Tannenbaum reported a tax-related share disposition. On April 23, 2026, 132,861 shares of Class A Common Stock were withheld at $32.22 per share to satisfy tax liability on the vesting of restricted stock units. The footnote clarifies this was not a market sale. After this withholding, he directly owned 3,365,268 shares of Class A Common Stock.
Figure Technology Solutions, Inc. Chief Financial Officer Minchung Kgil sold 8,000 shares of Class A Common Stock on April 24, 2026 in an open-market transaction at a weighted average price of $32.2475 per share, under a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2025.
After this sale, the CFO directly holds 548,098 shares of Class A Common Stock. The shares were sold in multiple trades at prices ranging from $31.83 to $32.511 per share.
Figure Technology Solutions, Inc. Chief Financial Officer Minchung Kgil sold 8,000 shares of Class A Common Stock on April 24, 2026 in an open-market transaction at a weighted average price of $32.2475 per share, under a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2025.
After this sale, the CFO directly holds 548,098 shares of Class A Common Stock. The shares were sold in multiple trades at prices ranging from $31.83 to $32.511 per share.
Figure Technology Solutions, Inc. is holding a completely virtual 2026 Annual Meeting on June 4, 2026, asking stockholders to elect eight directors and ratify KPMG LLP as independent auditor for 2026. Holders of Blockchain, Class A and Class B common stock of record on April 9, 2026 may vote, with Blockchain and Class A shares carrying one vote per share and Class B shares ten votes per share.
Class B common stock represents about 67.51% of voting power, making Figure a “controlled company” under Nasdaq rules; Michael Cagney controls a majority of the voting power. The board currently has eight members, five of whom are Nasdaq‑independent, and maintains Audit, Compensation, and Nominating and Corporate Governance Committees. The proxy details executive pay, including 2025 total compensation of about $9.9 million for CEO Michael Tannenbaum, largely from equity awards tied to service and the company’s recent IPO.
Figure Technology Solutions, Inc. is holding a completely virtual 2026 Annual Meeting on June 4, 2026, asking stockholders to elect eight directors and ratify KPMG LLP as independent auditor for 2026. Holders of Blockchain, Class A and Class B common stock of record on April 9, 2026 may vote, with Blockchain and Class A shares carrying one vote per share and Class B shares ten votes per share.
Class B common stock represents about 67.51% of voting power, making Figure a “controlled company” under Nasdaq rules; Michael Cagney controls a majority of the voting power. The board currently has eight members, five of whom are Nasdaq‑independent, and maintains Audit, Compensation, and Nominating and Corporate Governance Committees. The proxy details executive pay, including 2025 total compensation of about $9.9 million for CEO Michael Tannenbaum, largely from equity awards tied to service and the company’s recent IPO.
Figure Technology Solutions director and 10% owner June Ou reported a conversion and sale of shares held indirectly through a spouse account. On April 15, 2026, 67,840 shares of Class B Common Stock were converted into 67,840 shares of Class A Common Stock at a conversion price of $0.00 per share. The converted Class A shares were then sold in three open-market transactions of 14,121, 26,158, and 27,561 shares at weighted average prices of $33.8475, $35.1422, and $35.9328 per share, respectively, under a Rule 10b5‑1 trading plan adopted on December 12, 2025. Following these sales, that spouse-held Class A position was reduced to zero, while Ou continues to hold 6,128,993 shares of Class A Common Stock directly and substantial Class B holdings indirectly through various family trusts and an LLC.
Figure Technology Solutions director and 10% owner June Ou reported a conversion and sale of shares held indirectly through a spouse account. On April 15, 2026, 67,840 shares of Class B Common Stock were converted into 67,840 shares of Class A Common Stock at a conversion price of $0.00 per share. The converted Class A shares were then sold in three open-market transactions of 14,121, 26,158, and 27,561 shares at weighted average prices of $33.8475, $35.1422, and $35.9328 per share, respectively, under a Rule 10b5‑1 trading plan adopted on December 12, 2025. Following these sales, that spouse-held Class A position was reduced to zero, while Ou continues to hold 6,128,993 shares of Class A Common Stock directly and substantial Class B holdings indirectly through various family trusts and an LLC.
Figure Technology Solutions director and 10% owner Michael Scott Cagney converted 67,840 shares of Class B Common Stock into Class A Common Stock, then sold the same 67,840 Class A shares in three open-market transactions on April 15, 2026 at weighted average prices of $33.8475, $35.1422, and $35.9328. These sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on December 12, 2025. After the transactions, he reported no direct Class A holdings but continued to hold 29,903,863 shares of Class B Common Stock directly and additional substantial indirect Class A and Class B interests through family trusts, an LLC, children’s trusts, and his spouse.