Figure Technology Shows Strong Growth Ahead of IPO

Figure Technology Solutions, a blockchain-based lending and financial services platform, has released its IPO filing — and the numbers are turning heads. The firm reported a 22.4% increase in revenue to $191 million in H1 2025. But more notably, the company swung from a $13 million loss last year to a $29 million profit.

Founded by Mike Cagney, former SoFi CEO, Figure positions itself as a fintech disruptor using blockchain to streamline complex financial operations like loan origination, trading, and securitization. Now preparing for a Nasdaq debut under the ticker FIGR, the company aims to be one of the first blockchain-native firms to enter traditional capital markets in force.

Investors are taking note, particularly as Figure’s profitability contrasts sharply with the continued losses of other crypto firms.

“This could be the model of the future — profitable, blockchain-integrated finance,” said one investor familiar with the IPO.