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Figure Technologies Posts 22% Yearly Revenue Growth in First Half

Figure Technologies reported $191 million H1 2025 revenue and $29.1 million net profit, filed IPO documents, and leads U.S. tokenized private credit via its Provenance blockchain.

Summary

Figure Technologies filed preliminary documents for a 2025 IPO, reporting $191 million in revenue during the first half of 2025, a 22% increase year over year, and net income of $29.1 million. Founded in 2018, the company has processed more than $16 billion in home loans and is the largest non-bank provider of home equity credit in the U.S. Its Provenance blockchain controls 70% of the tokenized private credit market with over $11 billion secured. Goldman Sachs, Jefferies, and Bank of America will lead the IPO, with stock trading under ticker FIGR.

Terms & Concepts
  • Blockchain Lending: Using blockchain technology to originate and service loans, aiming to improve transparency, efficiency, and settlement versus traditional lending systems.
  • Tokenized Private Credit: The process of issuing private credit instruments as blockchain-based tokens, allowing greater liquidity, transparency, and efficiency in trading and settlement.
  • Provenance Blockchain: A blockchain platform developed by Figure Technologies that supports financial services, particularly tokenized credit and lending products.