FIGR Q2 2026: Net income +192% to $87.4M on 113% revenue growth; $532M Kiavi deal funded by $600M 8.5% notes

Filed August 14, 2026 · Period ending June 30, 2026 · ~2 min read

Key Changes

• high

  Net income surged 192% to $87.4M in Q2 2026 (from $30.0M prior year) on 113% revenue growth to $225.6M, driven by 159% growth in ecosystem/technology fees and 262% expansion in Figure Connect marketplace volume to $2.8B.

  MD&A: Q2 FY26 Results verify on EDGAR →
• high

  Company issued $600M of 8.50% senior notes due 2031 (net proceeds $586.5M) to fund pending $532M acquisition of Kiavi, an AI-powered residential real estate investor lending platform, with $25M termination fee exposure if deal falls through.

  Notes: Kiavi Acquisition & Senior Notes verify on EDGAR →
• high

  Introduced new Blockchain common stock class with 6.9M shares outstanding at quarter-end; separately repurchased 312,500 Class A shares for $9.7M at $31/share under a $200M buyback program authorized in February 2026.

  Notes: Equity Structure & Buyback verify on EDGAR →