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Get filing alertsFigure Technology Solutions reports 132% volume growth, 192% net income surge in Q2 2026
Filed August 13, 2026 · Period ending August 13, 2026 · ~1 min read
Key Changes
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Consumer Loan Marketplace volume hit $4.3B (up 132% YoY); net revenue $226M (up 192%); net income $87M (up 192%) with margin expanding to 38.8%
Exhibit 99.1 view on EDGAR → -
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Figure Connect, launched June 2024, now drives 65% of marketplace volume; added 102 origination partners in quarter to reach 489 total active partners
Exhibit 99.1 view on EDGAR → -
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Q3 2026 guidance projects Consumer Loan Marketplace volume of $4.8B–$5.2B, representing sequential growth from Q2's $4.3B
Exhibit 99.1 view on EDGAR → -
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Cash and equivalents grew $239M to $1.4B (up 485.8% from Dec 2025); loans held for sale increased $193M to $597M (up 209.3%)
Exhibit 99.1 view on EDGAR → -
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Kiavi acquisition remains on track to close in second half of 2026, expected to expand platform into adjacent asset classes
Exhibit 99.1 view on EDGAR →
Summary
Figure Technology Solutions delivered exceptional Q2 2026 results, with Consumer Loan Marketplace volume reaching $4.3 billion—a 132% year-over-year increase. Net revenue climbed 192% to $226 million while net income surged 192% to $87 million, expanding net income margin by 11 percentage points to 38.8%. Adjusted EBITDA grew 126% to $119 million with a 54.6% margin.
The company's Figure Connect platform, launched just over two years ago in June 2024, now accounts for 65% of marketplace volume and contributed $2.8 billion in Q2. The partner network expanded by 102 origination partners during the quarter to 489 total active partners across mortgage banks, depositories, servicers, and fintechs.
New product categories are gaining traction, with SMB loan volume up 57% quarter-over-quarter and third-party borrowing on Democratized Prime reaching approximately $170 million as of early August—a roughly 23-fold increase since year-end 2025. Management guided Q3 2026 Consumer Loan Marketplace volume to $4.8–$5.2 billion, indicating continued sequential growth momentum. The balance sheet strengthened with cash rising $239 million to $1.4 billion. The pending Kiavi acquisition remains on track for second-half 2026 closure, which should expand Figure's platform into adjacent asset classes.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Consumer Loan Marketplace volume was $4.3 billion in the quarter, a 132% increase from the prior year. This included Figure Connect Volume of $2.8 billion.
•Net revenue was $226 million, an increase of 113% year-over-year. Adjusted Net Revenue was $218 million, an increase of 95% from the second quarter of 2025.
•Net income increased 192% to $87 million; net income margin reached 38.8%, an increase of 11 percentage points year-over-year.
•Adjusted EBITDA increased 126% year-over-year to $119 million; Adjusted EBITDA margin reached 54.6%, an increase of 7 percentage points year-over-year.
Figure Technology Solutions reported strong second quarter 2026 results. Consumer Loan Marketplace volume reached $4.3 billion, up 132% year-over-year, with Figure Connect contributing $2.8 billion. Net revenue was $226 million (up 192% YoY) and net income was $87 million (up 192% YoY), with net income margin expanding to 38.8%. Adjusted EBITDA grew 126% to $119 million with a 54.6% margin.
Added in current filing · view on EDGAR →
Figure Connect reached 65% of Consumer Loan Marketplace volume in the quarter. Figure Connect was launched in June 2024.
•Added 102 origination partners in the quarter, reaching 489 total active partners across mortgage banks, depositories, servicers, and fintechs.
•New product categories continued to accelerate, with Small/Medium Business (“SMB”) loan volume increasing 57% quarter-over-quarter.
•Third-party borrowing activity on Democratized Prime reached approximately $170 million as of August 6, 2026, a ~23x increase since December 31, 2025.
Figure's platform expansion accelerated in Q2 2026. Figure Connect, launched in June 2024, now represents 65% of Consumer Loan Marketplace volume. The company added 102 origination partners in the quarter, bringing the total to 489 active partners. SMB loan volume grew 57% quarter-over-quarter, and third-party borrowing on Democratized Prime reached approximately $170 million as of August 6, 2026, a roughly 23-fold increase since year-end 2025.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 14, 2026 · How we verify