Core Viewpoint - Figure Technology Solutions, Inc. has announced a proposed secondary public offering of up to 4,230,000 shares of its Series A Blockchain Common Stock, aiming to enhance its capital structure and market presence [1] Group 1: Offering Details - The proposed offering includes a share repurchase plan where Figure intends to buy back up to $30 million of its Class A common stock from underwriters at the same price per share as the offering [2] - Goldman Sachs & Co. LLC, Morgan Stanley, and Cantor Fitzgerald will serve as lead joint book-running managers and sales agents for the offering [3] Group 2: Company Overview - Figure Technology Solutions operates as a blockchain-native capital marketplace, facilitating origination, funding, and trading of tokenized assets, with over 200 partners and more than $22 billion in home equity originated [6] - The company’s ecosystem includes Figure Connect, a consumer credit marketplace, and Democratized Prime, an on-chain lend-borrow marketplace, along with DART for asset custody and $YLDS, a yield-bearing stablecoin [6]

Core Insights - Figure Technology Solutions reported strong preliminary financial results for Q4 and full year 2025, highlighting significant growth in its Consumer Loan Marketplace and blockchain ecosystem [1][2][3]. Financial Performance - For Q4 2025, the Consumer Loan Marketplace volume reached $2.7 billion, marking a 131% increase year-over-year [7]. - Full year 2025 results show a Consumer Loan Marketplace volume of $8.4 billion, reflecting a 63% year-over-year growth [7]. - Preliminary net revenue for Q4 2025 is estimated between $158.0 million and $162.0 million, while for the full year, it is projected between $505.0 million and $509.0 million [7][17]. - Adjusted Net Revenue for Q4 2025 is expected to be between $155.5 million and $160.5 million, and for the full year, between $512.5 million and $517.5 million [7][17]. - GAAP Net Income for Q4 2025 is projected to be between $12.5 million and $13.5 million, with full year estimates between $131.5 million and $132.5 million [7][17]. - Adjusted EBITDA for Q4 2025 is expected to be between $80.0 million and $83.0 million, while for the full year, it is projected between $249.0 million and $252.0 million [7][17]. Strategic Focus - The company aims to expand its partner network, enhance marketplace liquidity, and advance its blockchain-native infrastructure, indicating a commitment to modernizing capital markets [3][21]. - Figure's ecosystem includes various innovative components such as Figure Connect and DART, positioning it as a leader in the tokenization of real-world assets [21][22].

Core Insights - Figure Technology Solutions reported a decrease in Consumer Loan Marketplace Volume by 6% month-over-month (M/M) to $816 million in January 2026, but a significant increase of 115% year-over-year (Y/Y) compared to January 2025, which had a volume of $380 million [2] - The company has seen a 15% increase in $YLDS in Circulation, rising to $376 million from $328 million in December 2025 [2] - Matched Offers Balance increased by 23% M/M to $253 million, while Borrower Demand and Available Lender Supply also rose by 17% and 23% respectively, indicating a growing marketplace [2] Financial Performance Metrics - Consumer Loan Marketplace Volume is defined as the total U.S. dollar equivalent value of originations of HELOCs, DSCR, and personal loans, as well as third-party loans traded on Figure Connect, reflecting the company's scale and revenue potential [4] - $YLDS in Circulation represents the total U.S. dollar equivalent value of unsecured face-amount certificates backed by Figure Certificate Company, reported as an end-of-period outstanding balance [5] - Matched Offers and Borrower Demand are defined as the U.S. dollar equivalent value of offers matched between borrowers and lenders, and the value borrowers seek to borrow, respectively, both reported as end-of-period outstanding balances [6][7] Company Overview - Figure Technology Solutions is a blockchain-native capital marketplace that connects origination, funding, and secondary market activities, with over 200 partners and a total of more than $22 billion in home equity originated to date [11] - The company is recognized as a market leader in real-world asset tokenization, with its recent securitization receiving AAA ratings from S&P and Moody's, marking a significant achievement in blockchain finance [12]

Core Insights - Figure Technology Solutions plans to report its Fourth Quarter and Full Year 2025 results on February 26, 2026, after market close, followed by a conference call at 4:30 p.m. Eastern Time [1] Company Overview - Figure Technology Solutions, Inc. is a blockchain-native capital marketplace that connects origination, funding, and secondary market activity, with over 200 partners utilizing its loan origination system [3] - The company has originated over $21 billion in home equity financing, making it the largest non-bank provider in this sector [3] - Key components of Figure's ecosystem include Figure Connect, a consumer credit marketplace, and Democratized Prime, an on-chain lend-borrow marketplace [3] - Figure also utilizes DART (Digital Asset Registry Technology) for asset custody and lien perfection, and offers $YLDS, an SEC-registered yield-bearing stablecoin [3] Market Position - Figure is recognized as the market leader in real-world asset (RWA) tokenization, with its recent securitization receiving a AAA rating from S&P and Moody's, marking a significant achievement in blockchain finance [4]

Core Viewpoint - Figure Technology Solutions has taken on the responsibility of executing community directives for the Provenance Blockchain Foundation, a decision supported by the community vote on January 14, 2026, to enhance the governance and sustainability of the Provenance Blockchain ecosystem [1][3]. Group 1: Company Overview - Figure Technology Solutions is a blockchain-native capital marketplace that connects origination, funding, and secondary market activities, with over $21 billion in home equity originated to date, making it the largest non-bank provider of home equity financing [8]. - The company utilizes the Provenance Blockchain for its digital asset ecosystem, which is the largest public blockchain in the real-world asset (RWA) space [2][10]. - Figure holds approximately 25% of the outstanding HASH tokens, which are integral to the Provenance Blockchain's utility [4]. Group 2: Governance and Community Engagement - The new structure aims to strengthen the governance clarity and long-term sustainability of the Provenance Blockchain while maintaining decentralized control through on-chain governance by HASH token holders [3][6]. - Figure will provide operational, technical, and administrative resources to support the Foundation's activities, including protocol development and ecosystem initiatives [6]. - The Foundation will continue to operate independently, with governance decisions subject to on-chain approval by HASH token holders, ensuring that Figure and the Foundation abstain from voting on governance matters related to HASH [6]. Group 3: Future Initiatives - Figure plans to strengthen the tokenomics of the HASH utility token to ensure adequate compensation for protocol validators and delegators, thereby enhancing the overall ecosystem [2][4]. - The company aims to drive third-party adoption of the Provenance ecosystem and expand RWA offerings, leveraging its resources to enhance market presence [3][4].

Figure stock will be the first public equity trading native on public blockchain; BitGo, Jump Trading Group sign on to supportNEW YORK, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Building on the success of over $20 billion in loans originated on public blockchain, Figure has launched the On-Chain Public Equity Network (OPEN), allowing companies to list their equity native on blockchain. Unlike other tokenization efforts, OPEN equities are blockchain registered, not a tokenized version of Depository Trust and Clearin ...

Core Viewpoint - Figure Technology Solutions reported strong preliminary operating data for December 2025 and Q4 2025, indicating significant growth in its consumer loan marketplace and other key metrics [1][2]. Group 1: Consumer Loan Marketplace Performance - In December 2025, the Consumer Loan Marketplace volume reached $869 million, a 2% increase from November 2025 and a 134% increase year-over-year from December 2024 [2]. - For Q4 2025, the Consumer Loan Marketplace volume totaled $2.705 billion, reflecting a 10% increase from Q3 2025 and a 131% increase year-over-year from Q4 2024 [2]. Group 2: Key Metrics Growth - The $YLDS in circulation rose to $328 million in December 2025, a 198% increase from November 2025 and a significant increase of 1,462% from Q3 2025 [2]. - Matched Offers balance in the Democratized Prime platform reached $206 million in December 2025, up 442% from November 2025 [2]. - Borrower Demand surged to $246 million in December 2025, a 435% increase from November 2025 [2]. - Available Lender Supply also increased to $213 million in December 2025, a 353% rise from November 2025 [2]. Group 3: Company Overview - Figure Technology Solutions is a blockchain-native capital marketplace that connects origination, funding, and secondary market activities, with over 200 partners and more than $21 billion in home equity originated to date [10][11]. - The company is recognized as a market leader in real-world asset tokenization, with its recent securitization receiving AAA ratings from S&P and Moody's, marking a significant milestone in blockchain finance [11].

Core Insights - Figure Technology Solutions, Inc. announced the minting of $YLDS, a registered public debt security stablecoin on the Solana blockchain, designed to maintain a fixed dollar price and provide continuous yield backed by U.S. Treasuries and Treasury repo agreements [1][6] - The collaboration with Provenance Blockchain Foundation aims to enhance real-world asset applications in decentralized finance (DeFi) on Solana, allowing users to access yield from various Figure assets [2][4] - $YLDS is expected to provide significant advantages to the Solana ecosystem, including real-world utility, developer-ready composability, and institutional-grade credibility [6][7] Company Overview - Figure Technology Solutions operates a capital marketplace that connects origination, funding, and secondary market activities, with over 200 partners and more than $19 billion in home equity originated [5] - The company is recognized as a market leader in real-world asset tokenization, with its recent securitization receiving a AAA rating from S&P, marking a significant achievement in blockchain finance [7] Product Features - $YLDS is a yield-bearing stablecoin that offers immediate practical applications, already integrated with Figure's Democratized Prime product and soon with Exponent Finance's yield exchange protocol on Solana [6] - The stablecoin serves as a foundational asset for developers in the Solana DeFi ecosystem, providing a stable, yield-generating core for various applications [6] - Figure's compliance-first approach and proven operational history enhance the credibility of $YLDS, distinguishing it from speculative projects in the market [6][7]

Summary of Figure Technology Solutions Conference Call Company Overview - **Company**: Figure Technology Solutions (NasdaqGS:FIGR) - **Industry**: Fintech and Blockchain Technology - **CEO**: Michael Tannenbaum, who took over in 2024 and led the company through its IPO in September 2025 Core Business Model - Figure is building a future capital market on blockchain technology, focusing on tokenized loans, particularly in the mortgage space - The company has developed a platform that allows partners to originate assets in five days for $1,000, compared to the industry average of 45 days and $12,000 [4][10] Financial Performance - Figure currently does about $1 billion in average monthly originations, with a total mortgage market of $2 trillion annually [7] - The company has achieved a robust adjusted EBITDA margin of 55% in Q3 2025 [61] Strategic Priorities 1. **Expansion in Mortgage Space**: Targeting the $35 trillion home equity market, with a focus on flexible HELOC products [10] 2. **Product Diversification**: Introducing debt service coverage ratio (DSCR) loans and residential transition loans [11] 3. **Blockchain Integration**: Utilizing a stablecoin (YLDS) for loan settlement and servicing, with growing volume in the marketplace [12] Market Position and Growth - Figure has added 78 originating partners in Q3 2025, more than in the entirety of the previous two years [16] - The company is positioned to capture a significant share of the mortgage market, especially in smaller balance mortgages [35] - The HELOC product is gaining traction as a preferred financing option for small businesses and home improvement projects [19] Competitive Advantages - Figure's integrated technology and capital market approach allow for lower origination costs and faster processing times, making it attractive to banks and credit unions [22][23] - The company emphasizes liquidity and has facilitated $20 billion in mortgage transactions, with $70 billion in transaction activity [13] Tokenization and Future Opportunities - Figure is exploring tokenized equities and has launched a non-dilutive secondary offering that trades on blockchain [52] - The company aims to standardize and tokenize various asset classes, enhancing control and democratization for asset owners [53] Conclusion - Figure Technology Solutions is positioned for significant growth in the fintech and blockchain space, with a focus on innovation, cost efficiency, and expanding its product offerings across various asset classes [64]

Summary of Figure Technology Solutions FY Conference Call Company Overview - **Company Name**: Figure Technology Solutions - **Ticker**: NasdaqGS:FIGR - **IPO Date**: September 2025 - **Business Model**: Provides a capital marketplace for private credit using blockchain technology, specifically offering HELOC (Home Equity Line of Credit) products [4][5][6] Core Business and Technology - **Marketplace**: Figure Connect allows loan origination partners to utilize a standardized loan origination system, enhancing efficiency compared to traditional mortgage processes [4][8] - **Blockchain Utilization**: Operates on a layer one blockchain called Provenance, which enables real-time data access for loan buyers, contrasting with traditional monthly data updates [5][6] - **Loan Origination Cost**: Figure's loans cost approximately $750 to originate, significantly lower than the industry average of $11,000-$12,000 [31] Strategic Priorities - **Partner Growth**: Aims to expand the number of loan origination partners, currently at about 250, with a focus on both mortgage and non-mortgage companies [8][14] - **Product Expansion**: Plans to introduce new products like Democratized Prime, which offers shorter-term loans, and explore opportunities in SMB loans and crypto-backed loans [9][30][34] - **Market Positioning**: Targeting a significant portion of the $36 trillion home equity market in the U.S. with a focus on first lien HELOCs, which have seen a tripling in volume year-over-year [32] Financial Performance - **Profitability**: Achieved GAAP net income positive status since 2024, with an adjusted EBITDA margin of 55% in Q3, aiming for over 60% in the future [26][49] - **Loan Performance**: Maintains a loss rate of less than 1% on loans, indicating strong performance and risk management [47] Market Dynamics - **Private Credit Market**: The U.S. private credit market is valued at $2 trillion, with Figure reporting $2.5 billion in volume for Q3, reflecting a 70% year-over-year growth [43] - **Securitization Ratings**: Received AAA ratings from S&P and Moody's for securitized loans, enhancing investor confidence [43] Future Outlook - **Expansion Plans**: While focusing on the U.S. market, there are considerations for international expansion, particularly in Europe and the U.K. [45] - **Tokenized Equity Strategy**: Plans to launch a tokenized equity offering that is non-dilutive to existing investors, leveraging blockchain for faster transactions [37][38] Additional Insights - **Decentralized Finance**: Emphasizes the importance of decentralized finance in its future strategy, aligning with broader market trends [10] - **Technology and Innovation**: The modular nature of Figure's technology allows for rapid adaptation and innovation in product offerings [22][23] This summary encapsulates the key points discussed during the conference call, highlighting Figure Technology Solutions' business model, strategic priorities, financial performance, and future outlook.