Figure Unveils 2025 Results and $200 Million Buyback to Underscore Blockchain Strategy

New updates have been reported about Figure.

Figure Technology Solutions reported strong fourth-quarter 2025 momentum, highlighting triple-digit year-over-year growth in Consumer Loan Marketplace volume, rising adoption of Figure Connect, and broader use of its blockchain-native infrastructure. CEO Michael Tannenbaum said the company is focused on scaling its partner network, deepening marketplace liquidity, and further modernizing capital markets through its on-chain platforms.

To signal confidence in its long-term prospects and capital position, Figure’s board authorized a share repurchase program of up to $200 million of Class A common stock and Blockchain common stock over the next 12 months, expiring February 27, 2027. The buybacks may be executed via open market purchases, privately negotiated or accelerated transactions, and can be adjusted, paused, or terminated at the company’s discretion based on market conditions and corporate priorities.

The company will discuss its fourth-quarter and full-year 2025 performance and outlook on a webcast and conference call at 4:30 p.m. Eastern Time on February 26, 2026, with materials and a replay available on its investor relations site. Management emphasized that key non-GAAP measures, including Adjusted Net Revenue and Adjusted EBITDA, are central to how it evaluates operating performance, stripping out non-cash and non-recurring items tied to early-stage initiatives and fair-value marks.

Figure also detailed its operating metrics to clarify the scale and economics of its blockchain ecosystem, including Ecosystem Volume, Consumer Loan Marketplace Volume, Net Take Rate, and balances of $YLDS unsecured certificates. Additional metrics for its Democratized Prime on-chain lending platform—Matched Offers, Borrower Demand, and Available Lender Supply—are used to gauge liquidity, user engagement, and growth in its tokenized credit markets.

Strategically, Figure continues to position itself as a leading real-world asset tokenization platform, with more than 300 partners using its loan origination and capital marketplace tools and over $22 billion of loans originated across the ecosystem. The firm remains heavily exposed to home equity lines of credit and broader consumer credit conditions, and it warned that interest rate shifts, housing market volatility, regulatory changes in digital assets and lending, and loan performance could materially affect funding costs, whole-loan sales, securitization economics, and overall growth.

Management noted that Figure’s recent AAA-rated securitization from S&P and Moody’s validates its blockchain-based structure for institutional investors and supports its push to expand tokenized financing. At the same time, the company acknowledged ongoing risks tied to technology resilience, cybersecurity, third-party dependencies, and the need to maintain effective public-company controls, while reiterating that forward-looking statements are subject to macro, competitive, and regulatory uncertainties.