The firm has significantly bolstered its financial position, evidenced by a substantial $1.5B cash reserve as of 2026Q1 and a marked reduction in the debt-to-equity ratio to 0.18.
| Cash & Short Term Investments | 4.41B | 1.2B | 365.12M | 122.41M |
| Cash & Due from Banks | 1.46B | 1.2B | 287.26M | 116.55M |
| Short Term Investments | 0 | 0 | 77.86M | 5.87M |
| Total Investments | 0 | 0 | 251.06M | 42.93M |
| Investments Growth % | -100% | -100% | 484.79% | - |
| Long-Term Investments | 855.66M | 0 | 173.19M | 37.07M |
| Accounts Receivables | 65.33M | 52.02M | 21M | 17.3M |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 |
| Other Assets | 478.72M | 430.28M | 131.69M | 164.72M |
| Total Current Assets | 2.23B | 1.86B | 854.69M | 458.28M |
| Total Non-Current Assets | 504.75M | 456.32M | 304.89M | 201.79M |
| Total Assets | 2.73B | 2.32B | 1.16B | 660.07M |
| Asset Growth % | 101.66% | 99.86% | 75.68% | - |
| Return on Assets (ROA) | 8.44% | 7.7% | 1.89% | -7.26% |
| Accounts Payable | 0 | 0 | 37.22M | 20.14M |
| Total Debt | 232.4M | 165.13M | 688.59M | 414.99M |
| Net Debt | -1.23B | -1.03B | 401.33M | 298.44M |
| Long-Term Debt | 3.89M | 4.17M | 167.88M | 25.05M |
| Short-Term Debt | 228.5M | 160.96M | 517.91M | 384.22M |
| Other Liabilities | 262.22M | 230.14M | 0 | 0 |
| Total Current Liabilities | 1.17B | 846.01M | 625.53M | 406.88M |
| Total Non-Current Liabilities | 266.12M | 234.32M | 170.67M | 30.77M |
| Total Liabilities | 1.44B | 1.08B | 796.2M | 437.64M |
| Total Equity | 1.29B | 1.24B | 363.38M | 222.42M |
| Equity Growth % | 250.59% | 240.47% | 63.37% | - |
| Equity / Assets (Capital Ratio) | 47.31% | 53.38% | 31.34% | 33.7% |
| Return on Equity (ROE) | 17.48% | 16.73% | 5.88% | -21.55% |
| Book Value per Share | 5.19 | 4.36 | 1.75 | 1.07 |
| Tangible BV per Share | 5.19 | 4.36 | 1.75 | 1.07 |
| Common Stock | 23K | 23K | 2K | 1K |
| Additional Paid-in Capital | 0 | 0 | 675.95M | 555.13M |
| Retained Earnings | -142.05M | -186.99M | -320.85M | -338.06M |
| Accumulated OCI | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 2K | 1K |
HELOC market concentration risk
As reported in recent financial filings, FIGR has significantly strengthened its balance sheet, with total assets growing from $1.4B in 2025Q1 to $2.7B by 2026Q1, a trend that suggests the company is successfully scaling its capital base to support its aggressive lending and platform expansion strategy.
The rapid asset growth appears to be driven by a deliberate accumulation of liquidity and loan assets, signaling a transition toward a more robust capital position. Investors should monitor whether this trajectory continues to be supported by organic earnings or if it remains reliant on external capital injections.
Based on the company's reported figures, the debt-to-equity ratio has improved dramatically from 2.37 in 2025Q1 to 0.18 in 2026Q1, indicating a significant reduction in leverage that likely lowers the company's sensitivity to interest rate volatility and credit market tightening in the near term.
This shift toward a cleaner capital structure suggests management is prioritizing balance sheet resilience over aggressive debt-funded growth. Such a low leverage profile may provide a competitive advantage during periods of market stress, allowing the firm to maintain operations while more leveraged peers face liquidity constraints.
According to the latest quarterly data, FIGR maintains a robust cash position of $1.5B as of 2026Q1, which represents a substantial liquidity buffer that appears designed to insulate the company from potential disruptions in secondary market loan sales or broader housing market volatility.
The current ratio of 1.90 suggests that the company is well-positioned to meet its short-term obligations without needing to liquidate assets at unfavorable prices. This liquidity cushion is critical for a firm whose business model relies on the efficient movement of loans through the Provenance ecosystem.
As indicated by the financial statements, equity has expanded from $360.1M in 2025Q1 to $1.3B in 2026Q1, a trend that reflects both capital raises and a narrowing of the accumulated deficit, suggesting that the company is moving toward a more sustainable long-term capital structure.
While the company still reports a negative retained earnings balance, the consistent improvement in the equity base suggests that the business is successfully absorbing its early-stage losses. Investors should continue to watch for the inflection point where retained earnings turn positive, which would confirm the maturity of the business model.
Quick answers to the most common questions about buying FIGR stock.
As of 2025, Figure Technology Solutions, Inc. Class A Common Stock (FIGR) had total assets of $2.32B including $1.86B in current assets.
Figure Technology Solutions, Inc. Class A Common Stock (FIGR) carries total debt of $165.1M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Figure Technology Solutions, Inc. Class A Common Stock (FIGR) has total shareholders' equity (book value) of $1.23B ($4.36 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Figure Technology Solutions, Inc. Class A Common Stock (FIGR) reported a current ratio of 2.20x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.