Figure Technology Solutions, Inc. · NASDAQ:FIGR
Figure Technology Solutions — Q1 2026 Earnings Presentation
15 slides from Figure Technology Solutions's earnings presentation, May 12, 2026
Slide 1: Q1 2026 Earnings Presentation
Q1 2026 Earnings Presentation May 12, 2026 1
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: Q1'26 at a glance
Q1‘26 at a glance Consumer Loan $YLDS in Circulation Democratized Prime Marketplace Volume Matched Offers $2.9 billion $598 million $368 million +113% YoY Launched in February 2025 Launched in June 2025 Adjusted Net Revenue Adjusted EBITDA Adjusted EBITDA Margin $167 million $83 million 50% +92% YoY
Slide 4: Robust performance across all operating pillars
Robust performance across all operating pillars Double and triple digit year-over-year growth across core financial metrics Consumer Loan Marketplace Volume ($B) Adjusted Net Revenue ($M) Adjusted EBITDA ($M) Adjusted EBITDA Margin (%) $167 $2.9 $159 $83 $83 52% 50% $2.7 $87 33% $76 20% $1.4 $28 $1.
Slide 5: Accelerating growth in new marketplace categories
Accelerating growth in new marketplace categories Consumer Marketplace Extensions Democratized Prime Applications Newly launched product categories are scaling exponentially 3.0x 70% 1st >$1B 1st Lien Volume YoY DSCR & RTL Growth QoQ Month of Consumer Loan Marketplace Volume 3 New Partners Ethereum
Slide 6: Figure Connect drives improved partner economics
Figure Connect drives improved partner economics 200%+ volume Average partner volume White Labeled Distribution + Control of Economics + Scalability Connect Drives 2x Launch -6 -3 Months +3 Months +6 Volume Growth 6 Months After Figure Connect Launch Before After Represents internal company calculat
Slide 7: With a deep and liquid marketplace
With a deep and liquid marketplace Mix of FIGRE Securitization Buyers by Type 90+ ~ 70% 68% 14% 6% 6% 4% 2% Unique Securitization Buyers Multiple Deal Buyers Since 23’HE1 Asset Managers Hedge Funds Insurance Sovereign Private Other Pension Wealth Equity Consistent Issuance with Strong Market Presenc
Slide 8: Our Ecosystem: A Blockchain-Native Capital Market
Our Ecosystem: A Blockchain-Native Capital Market Debt & Structured Finance Capital Markets Equity & Digital Assets OPEN 3rd Party Assets Forge Democratized Figure Markets Figure Connect Prime Ethereum Origination Hastra Solana Partners Securitization NUVA Figure 3rd Party Aggregation Ecosystem Dist
Slide 9: Debt & Structured Finance market opportunity and TAM
Products Medium Term Monetization Market TAM Drivers Opportunity (Launched) Focus Strategy HELOC (2018) ● Partner growth Take Rate x Annual Consumer Credit Figure Connect (2024) Home Equity ● Volume growth Debt & Structured Originations ~$2T DSCR (2025) Backed Loans Originated Volume ● Loan product
Slide 10: Key unlocks
Key unlocks Figure Solution Figure Connect YLDS OPEN Democratized Prime Wallet dApp Improve capital treatment Modernize transfer Migrate Nasdaq shares Source Begin to support the Intermediate Goal on first-lien HELOC, agent rules for to OPEN to prove out stock 3rd Party Borrow & wallet-centric ecosy
Slide 11: Outlook
Outlook Consumer Loan Marketplace Volume Adjusted EBITDA Margin Medium Term Target Q2 2026 2026 - 2028 $3.8 - $4.1B 60% Please refer to note regarding forward-looking statements on slide 2. 11
Slide 12: Appendix
Appendix
Slide 13: GAAP / Non-GAAP Income Statement Reconciliation
GAAP / Non-GAAP Income Statement Reconciliation (A) The Company added valuation changes in the fair value of marketable securities, and YLDS funding costs to its definition of Adjusted Net Revenue, and valuation changes in the fair value of marketable securities to its definition of Adjusted EBITDA
Slide 14: Key Operating Metric Definitions Non-GAAP Financial Measures
Key Operating Metric Definitions Non-GAAP Financial Measures Consumer Loan Marketplace Volume: We define Consumer Loan Marketplace Volume as the total U.S. dollar equivalent value In order to better help understand our financial performance, we use several key performance metrics that should be view
Slide 15: ©2026 Figure Technology Solutions, Inc. All rights reserved.
©2026 Figure Technology Solutions, Inc. All rights reserved. 15
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