Figure Tech Q1 revenue doubles to $167M; launches blockchain equity network OPEN

Filed May 15, 2026 · Period ending March 31, 2026 · ~2 min read

Key Changes

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  Q1 2026 revenue reached $167M, up 97.6% YoY, driven by ecosystem/technology fees (+203%) and Figure Connect marketplace volume growth of 237% to $1.6B. Net income swung to $45M from a $(0.6)M loss in Q1 2025.

  MD&A: Financial Results verify on EDGAR →
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  Launched OPEN blockchain equity network in February 2026, enabling native issuance and 24/7 trading of public equity on Provenance Blockchain. Completed synthetic secondary offering of 4.375M shares of new Blockchain Stock class at $32/share ($140M computed gross proceeds).

  MD&A: OPEN Launch verify on EDGAR →
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  Board authorized $200M share repurchase program on Feb 25, 2026 covering both Class A and Blockchain stock. Separately, company repurchased 312,500 Class A shares for $9.7M in connection with the secondary offering; full $200M authorization remains available.

  Controls: Share Repurchase verify on EDGAR →