Figure Technology Reports Q4 Loan Volume Up 131% to $2.7B, EBITDA Margin Above 50%
Figure Technology Solutions posted Q4 2025 Consumer Loan Marketplace volume of $2.7B, up 131% year-over-year, with net revenue between $158M and $162M. Adjusted EBITDA was $80M–$83M (approx. 51% margin), while full-year volume rose 63% to $8.4B and adjusted EBITDA hit $249M–$252M.
1. Q4 2025 Preliminary Highlights
Figure Technology Solutions achieved Consumer Loan Marketplace volume of $2.7 billion in Q4 2025, a 131% increase year-over-year. Net revenue for the quarter is preliminarily estimated at $158.0–$162.0 million, with adjusted net revenue of $155.5–$160.5 million, GAAP net income of $12.5–$13.5 million and adjusted EBITDA of $80.0–$83.0 million (49.8%–53.4% margin).
2. Full Year 2025 Performance
For the full year 2025, Consumer Loan Marketplace volume reached $8.4 billion, up 63% year-over-year. Net revenue is preliminarily $505.0–$509.0 million, adjusted net revenue $512.5–$517.5 million, GAAP net income $131.5–$132.5 million and adjusted EBITDA $249.0–$252.0 million (48.1%–49.2% margin).
3. Form S-1 Registration
The company filed a registration statement on Form S-1 that includes these preliminary results for Q4 and full year 2025. These estimates remain unaudited and subject to adjustment as the independent registered public accounting firm completes its procedures and the consolidated financial statements are finalized.
4. Upcoming Webcast
Figure Technology Solutions will host a conference call and webcast on February 26, 2026 at 4:30 p.m. Eastern Time to discuss its Q4 and full year 2025 results and outlook. A replay and presentation materials will be available on the company's investor relations website following the event.