Figure Technology Solutions, Inc. · NASDAQ:FIGR
Figure Technology Solutions — Investor Presentation (January 2026)
15 slides from Figure Technology Solutions's investor presentation, January 2026
Slide 1: OPEN Presentation
OPEN Presentation January 2026
Slide 2: Disclaimer
Disclaimer Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements intended to be covered by the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All
Slide 3: Business Update
Business Update eS
Slide 4: Figure is Building the Future of the Capital Markets on Blockchain
Figure is Building the Future of the Capital Markets on Blockchain Q3’25 Performance Q4’25 Performance $2.5B $2.7B Consumer Loan Marketplace Volume +70% YoY Consumer Loan $156.0M Marketplace Volume Adj. Net Revenue +42% YoY +131% YoY $86.4M $328M $206M Adjusted EBITDA +75% YoY Democratized Prime $YL
Slide 5: Figure Builds Greenfield Marketplaces With Blockchain Efficiency
Figure Builds Greenfield Marketplaces With Blockchain Efficiency Consumer Credit Marketplace DeFi and Crypto Marketplace Equity Marketplace ▪ Direct to Consumer launch 2018 ▪ Exchange: 2024 and DeFi 2025 ▪ Launching now! ▪ Full marketplace: 2024 (~ half of ▪ Crypto trading and short-term volume as o
Slide 6: Figure's Use of Blockchain Technology Creates Efficiency and Value
Figure’s Use of Blockchain Technology Creates Efficiency and Value ◼ Third party review expenses – 80% reduction1 Reduces friction Transactional ◼ Loan origination costs – over 93% reduction2 vs. Reduces quality control burden mortgage industry average ◼ Real time remittance and payments Provides bi
Slide 7: Our Trillion Dollar Infrastructure Opportunity
Our Trillion Dollar Infrastructure Tokenized Assets Applications Opportunity1 $YLDS Figure Loan Liquidity Funding $YLDS Deployments: Participations ● Announced $YLDS deployment on Solana & Sui ● Combines regulatory rigor with DeFi composability, Figure Blockchain powering yield and liquidity flows a
Slide 8: Figure On-Chain Public Equity Network (OPEN)
Figure On-Chain Public Equity Network (OPEN) Revamping Equity Capital Markets on Blockchain
Slide 9: We are launching the first ever issuance of blockchain-native public equity: OPEN
We are launching the first ever issuance of blockchain-native public equity: OPEN 24/7 Instant Trading and Cross Collateralization Owner Control of Stock Self-Custody Trading Blockchain Settlement Through DeFi Loan Through DeFi Without Custodial Broker Reduced transactional Margining outside of reg
Slide 10: Benefits of a Blockchain-Native Public Equity Issuance
Benefits of a Blockchain-Native Public Equity Issuance Transactional, Liquidity and DeFi/Financing Benefits In a (Nearly) Completely New Equity Capital Market Figure OPEN ● Equity securities are native to the blockchain (no DTCC) and exchangeable into/from the Nasdaq/NYSE equity Blockchain Registry
Slide 11: Figure Has Established an Integrated Equity Ecosystem
Figure Has Established an Integrated Equity Ecosystem With Institutional Capital Markets Grade Infrastructure Provenance Blockchain Self-Custody ATS Trad-Fi trusted L1 chain Wallet-attach marketplace that for financial assets functions like a decentralized exchange Fiat Liquidity TradFi Distribution
Slide 12: The Beginning of a New Equity Network
The Beginning of a New Equity Network Unlocks Massive Revenue Opportunity Broad Participant Universe Total Addressable Estimated Revenue Public Companies Market (TAM) Take Rate Opportunity Limited cost and fiduciarily responsible; no size ~$300bn ~$0.3-$1.5bn ~10-50 bps2 Sell Side Banks Global Equit
Slide 13: Why We Believe a OPEN Listed Share Class is Structurally Superior
Why We Believe a OPEN Listed Share Class is Structurally Superior Lower transaction costs, greater market access A next-generation equity platform delivering superior Higher collateral value, direct stock loan economics issuer economics and robust investor demand through a full-stack, institutional-
Slide 14: Appendix A
Appendix A
Slide 15: GAAP / non-GAAP Income Statement Reconciliation
GAAP / non-GAAP Income Statement Reconciliation Three Months Ended Nine Months Ended September 30, September 30, ($ in thousands) 2025 2024 2025 2024 Total Net Revenue $156,365 $101,007 $346,952 $257,030 Plus: Valuation Changes in Fair Value of MSRs (331) 9,027 10,220 5,516 Adjusted Net Revenue $156
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