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Figure Technology Solutions cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$35.2M in Q2 2026 · −$86.5M over twelve months

Operating cash flow−$35.2M
Free cash flow−$35.2M
Cash / net income-0.4×

Analysis

In Q2 2026, Figure Technology Solutions generated −$35.2M of operating cash flow. That is $252M less than in Q2 2025 ($216M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$86.5M; the largest uses were other investing ($107M), operating cash flow ($86.5M), buybacks ($9.7M); besides operations, cash came from other financing ($1.3B), shares issued ($35.5M); the cash balance rose by $1.1B.

Operating cash flow was −$35.2M against net income of $87.4M — -0.4× profit, less cash than reported earnings, worth checking against working capital. The largest differences: receivables −$29.5M, stock-based pay +$26.1M, prepaid and other assets −$23.5M.

Free cash flow

Figure Technology Solutions: free cash flow by quarterFigure Technology Solutions: free cash flow by quarter$87.4MQ4 2024−$140MQ1 2025$216MQ2 2025−$26.8MQ3 2025$13.3MQ4 2025−$37.8MQ1 2026−$35.2MQ2 2026
Operating cash flow less capital spending.
Figure Technology Solutions: operating cash flow against capital spendingFigure Technology Solutions: operating cash flow against capital spendingOperating cash flowCapital spending$87.4M$0Q4 2024−$140M$0Q1 2025$216M$0Q2 2025−$26.8M$0Q3 2025$13.3M$0Q4 2025−$37.8M$0Q1 2026−$35.2M$0Q2 2026
Latest (Q2 2026): Operating cash flow −$35.2M, Capital spending $0.

Capital allocation, year by year

Figure Technology Solutions: where the cash came from (up) and went (down), by fiscal yearFigure Technology Solutions: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedBuybacksFY2023: Operating cash flow −$33.4MFY2023: Shares issued $1.1M$1.1MFY2023FY2024: Operating cash flow −$127MFY2024: Shares issued $74.8MFY2024: Buybacks −$1.0M$74.8MFY2024FY2025: Operating cash flow $62.6MFY2025: Shares issued $676M$739MFY2025
Over these 3 years operating cash flow totalled −$97.8M; the largest uses were operating cash flow ($160M) and buybacks ($1.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.4B
Debt$963M
Net cash$475M
Due within a year$55.5M
Cash runwaymore than 10 years

Figure Technology Solutions is burning cash: its operations consume cash, a free cash flow of −$86.5M a year at the current rate against $1.4B of cash and investments: a runway of more than ten years at that rate; $55.5M of debt also comes due within a year, which the cash covers before any new financing.

Figure Technology Solutions: debt maturities by year (FY2025)Figure Technology Solutions: debt maturities by year (FY2025)$55.5MYear 1$6.1MYear 2$232MAfter year 5
Principal due in each year as disclosed in the annual report, against $1.4B of cash and investments now.

Where the cash came from and went

Figure Technology Solutions: sources (+) and uses (−) of cash, Q2 2026Figure Technology Solutions: sources (+) and uses (−) of cash, Q2 2026Other financing$48.2MOperating cash flow−$35.2MOther investing−$21.7MShares issued$14.9MTaxes on employees’ shares−$9.6MCash drawn (+) / kept (−)$3.2M
Figure Technology Solutions: sources (+) and uses (−) of cash, TTM to Q2 2026Figure Technology Solutions: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$1.3BCash drawn (+) / kept (−)−$1.1BOther investing−$107MOperating cash flow−$86.5MShares issued$35.5MBuybacks−$9.7M

From profit to cash

Figure Technology Solutions: net income to operating cash flow, Q2 2026Figure Technology Solutions: net income to operating cash flow, Q2 2026Net income$87.4MStock-based pay$26.1MReceivables−$29.5MPrepaid and other assets−$23.5MOperating cash flow−$35.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowBuybacksShares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$35.2M—$14.9M$3.2M−$35.2M
Q1 2026−$37.8M−$9.7M$8.8M−$270M−$37.8M
Q4 2025$13.3M—$4.0M−$103M$13.3M
Q3 2025−$26.8M—$7.7M−$720M−$26.8M
Q2 2025$216M—$537K−$57.5M$216M
Q1 2025−$140M—$508K−$39.6M−$140M
Q4 2024$87.4M—$2.2M−$46.2M$87.4M

Figure Technology Solutions: income statement and cash flow

Figure Technology Solutions, Q2 2026: revenue $226M (+113% year over year), operating margin 34.5%. The chart follows the revenue to costs, profit and cash.

Figure Technology Solutions: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.