Is FIGR diluting shareholders?

Read three numbers together: shares outstanding over time (see chart), warrants that can convert into new shares (183,333 reported), and how much cash runway remains. A company short on cash with live registrations is structurally likely to issue shares.

Where do these numbers come from?

SEC EDGAR only: the XBRL company-facts API for shares, warrants and cash, and filing metadata for registrations and pricings. Every figure shows its source form, and nothing here is estimated by us beyond the arithmetic stated next to it.

Why might a warrant tranche be missing from the table?

The tranche table is built from the dimensions the company tagged in its own 10-Q or 10-K XBRL. A tranche the filer chose not to dimension does not appear, and its absence proves nothing: the exhibits remain the ground truth. Everything shown carries the filing it came from.

Dilution profile // every instrument, one screen, from SEC filings

Figure Technology Solutions, Inc. (FIGR)

CIK 2064124 · all EDGAR filings →

Overall dilution risk

HIGHworst of 2 computed sub-ratings (offering ability)

= the worst band among the computed sub-ratings, no hidden weighting

not every sub-rating was computable; treat as a floor

Offering ability

HIGH$100M registered

= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)

one or more live registrations had no structured fee data, so the true total is AT LEAST this

Overhead supply

NOT COMPUTEDno warrant count tagged in XBRL

= warrant shares outstanding divided by current shares outstanding

absence of a tag is not proof of absence of warrants

Historical dilution

NOT COMPUTEDunder 3 years of share history on file

= share count now vs 3 years ago

Cash need

LOWoperating cash flow positive

= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

Fewer than two cover-page share counts on file, so there is no history to chart.

Cash runway

Self-funding

profitable · generates cash

Full breakdown: cash runway tool · source filing →

Warrants

Tranche	Warrants	Exercise price	Term	Notes
Series E Preferred Stock	2.5M	not tagged	—	—
Series E Preferred Shares In Exchange For Two Years of Other Services	1.6M	not tagged	—	—
Series E Preferred Shares In Exchange For Software License	411,219	not tagged	—	—
Preferred Shares In Exchange For One Year of Software Development Services	411,219	not tagged	—	—
Warrant	183,333	not tagged	—	—
Common Class A	not tagged	$3.23	—	—

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 14, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 183,333 underlying shares, as reported Dec 31, 2025 (10-K).

Convertible notes

No convertible-note facts tagged in the 10-Q filed Aug 14, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Registrations and offerings

Registered offering capacity on live registrations: $100.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3ASROct 2, 2026fee exhibit found but no total offering amount (fees deferred, typical for automatic shelves)filing →

S-1Nov 17, 2025$0.0M registeredfiling →

S-1Aug 18, 2025$100.0M registeredfiling →

Last 12 months: 1 executed · 7 registered.

REGISTEREDOct 2, 2026Automatic shelf registration — effective immediately (large filers)S-3ASR →

REGISTEREDFeb 18, 2026S-1MEF registration — capacity to sell shares, not a sale yetS-1MEF →

EXECUTEDFeb 18, 2026Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4 →

EFFECTIVEFeb 17, 2026SEC declared a registration effective — selling can beginEFFECT →

REGISTEREDFeb 13, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A →

REGISTEREDFeb 12, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A →

REGISTEREDFeb 11, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A →

MARKETINGFeb 5, 2026Free-writing prospectus — offering being marketedFWP →

REGISTEREDJan 28, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A →

REGISTEREDNov 17, 2025S-1 registration — capacity to sell shares, not a sale yetS-1 →

MARKETINGNov 17, 2025Free-writing prospectus — offering being marketedFWP →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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