How does Figure print?
Mostly not yet. Pilots and the next raise. The product is the humanoid.
A pre-revenue-ish hardware lab. The seat is a bet on the body.
The mix
- Pilots / early productIf any.35%
- Capital / otherThe book is still the raise.65%
Who pays
Early commercial pilots. Investors, for now.
Who builds
Hardware, controls, and embodied research.