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Figure Technology Solutions (FIGR) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Figure Technology Solutions (FIGR) Q2 2026 earnings results →

Q2 2026 Revenue up 113% year over year to $226M · 39¢ of every $1 of revenue kept as net profit · operating margin 34.5%

Figure Technology Solutions made $226M in Q2 2026 (+113% Y/Y). Operating margin 34.5%, net earnings $87.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.

Revenue$226M
Year over year+113%
Operating margin34.5%
Net earnings$87.4M
Operating cash flow−$35.2M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $225.6M in Q2 2026, up 113% year over year and up 35% from the previous quarter.

Operating profit was $77.7M, a 34.5% margin (up 8.3 points year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, above the 26% margin then. Total costs grew 89% against revenue growth of 113%. The fastest-growing cost line was General & admin (+214%). Net earnings were $87.4M, up 192% year over year. The effective tax rate was -5.4%.

Operating cash flow was −$35.2M. Non-cash charges added back $26.1M of share-based compensation. Working capital and other items used $148.7M.

Quarterly history

Figure Technology Solutions revenue by quarterFigure Technology Solutions revenue by quarter$156MQ3 2025$160MQ4 2025$167MQ1 2026$226MQ2 2026
Figure Technology Solutions net earnings by quarterFigure Technology Solutions net earnings by quarter$89.6MQ3 2025$15.2MQ4 2025$44.9MQ1 2026$87.4MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 14, 2026$226M+113%34.5%$87.4M−$35.2M
Q1 202610-QMay 15, 2026$167M+98%25.1%$44.9M−$37.8M
Q4 202510-KMar 16, 2026$160M+91%18.1%$15.2M$13.3M
Q3 202510-QNov 13, 2025$156M+55%33.7%$89.6M−$26.8M

Charts

Figure Technology Solutions: revenue growth, year over year and quarter over quarterFigure Technology Solutions: revenue growth, year over year and quarter over quarterY/YQ/Q+55%Q3 2025+91%+2%Q4 2025+98%+4%Q1 2026+113%+35%Q2 2026
Latest (Q2 2026): Y/Y +113%, Q/Q +35%.
Figure Technology Solutions: where the cash came from (+) and went (−), TTM to Q2 2026Figure Technology Solutions: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$1.3BCash drawn (+) / kept (−)−$1.1BOther investing−$107MOperating cash flow−$86.5MShares issued$35.5MBuybacks−$9.7M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Figure Technology Solutions: profit against cash, quarter by quarterFigure Technology Solutions: profit against cash, quarter by quarterNet incomeOperating cash flow$27.4MQ3 2024$5.9M$87.4MQ4 2024−$613K−$140MQ1 2025$30.0M$216MQ2 2025$89.8M−$26.8MQ3 2025$15.1M$13.3MQ4 2025$45.0M−$37.8MQ1 2026$87.4M−$35.2MQ2 2026
Latest (Q2 2026): Net income $87.4M, Operating cash flow −$35.2M.
Figure Technology Solutions: diluted shares by fiscal year (split-adjusted)Figure Technology Solutions: diluted shares by fiscal year (split-adjusted)103MFY2023145MFY2024142MFY2025
+38.2% since FY2023: more shares outstanding (issuance, stock pay); earlier years scaled for the 2-for-1 split before FY2025.
Figure Technology Solutions: long-term debt falling due (FY2025)Figure Technology Solutions: long-term debt falling due (FY2025)$55.5M2026$6.1M2027$232MLater
Cash $1.2B, short-term investments —, long-term debt $557M at 2025-12-31.
Figure Technology Solutions in its industry: growth against margin (4 companies, SIC 6163)Figure Technology Solutions in its industry: growth against margin (4 companies, SIC 6163)revenue growth, year over year →↑ operating marginmedian +113%median 34%TREEBETRTAAGFIGR (+113%, 34%)
Loan Brokers; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Figure Technology Solutions

Figure’s proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity. Using our technology, we continue to develop dynamic, vertically-integrated marketplaces across the approximately $2 trillion consumer credit market and the rapidly growing approximately $3 trillion cryptocurrency and digital asset market.

In its own words, from its 10-K, filed Mar 16, 2026.

Figure Technology Solutions against its Loan Brokers peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +113% against the peers' median +113%. Operating margin: 34.5% against the peers' median 34.5%.

CompanyQuarterRevenueY/YOp. margin
FIGR Figure Technology SolutionsQ2 2026$226M+113%34.5%
TREE LendingTreeQ3 2026$344M+12%-20.5%
BETR Better Home & Finance HoldingQ2 2026$54.7M+28%-57.4%
TAAG Awareness GroupQ3 FY26$2.8M37×36.1%

Source: Figure Technology Solutions 10-Q on SEC EDGAR · CIK 2064124 · Loan Brokers

13F: who owns FIGR and who is buying

Largest holders of FIGR (13F)Largest holders of FIGR (13F)Ribbit Management Company, LLC$346MFMR LLC$297MBlackRock$154MFred Alger Management, LLC$154MMorgan Creek Capital Management, …$136MVanguard Portfolio Management LLC$132MVanguard Group$121MBIT Capital GmbH$118MVanguard Capital Management LLC$116MMorgan Stanley$115M
Funds' net buying of FIGR by quarter (13F)Funds' net buying of FIGR by quarter (13F)$2.1B2025-09$426M2025-12$586M2026-03$300M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on FIGR

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results

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