Image credit: Shutterstock
Figure Technology Solutions processed $4.26 billion through its Consumer Loan Marketplace in the second quarter, up 132% from a year earlier, as net income climbed 192% to $87.4 million. Net revenue increased 113% to $225.6 million.
Figure Connect accounted for $2.77 billion, or 65%, of quarterly marketplace volume, highlighting the growing role of Figure’s third-party loan marketplace within its blockchain-based lending business.
Figure Connect Volume Jumps 262% to $2.77B
Figure Connect volume increased 262% from $767 million in the second quarter of 2025. Figure defines its wider Consumer Loan Marketplace volume as HELOC, debt-service coverage ratio and personal-loan originations plus third-party loans traded through Figure Connect.
The company added 102 origination partners during the quarter, bringing its active network to 489 mortgage banks, depositories, servicers, and fintech companies. Small and medium-sized business loan volume also increased 57% from the first quarter.
Net Income Rises 192% to $87.4M
Figure’s net income increased from $30 million a year earlier, while its net income margin rose to 38.8% from 28.3%. Adjusted EBITDA climbed 126% to $119.4 million, producing a 54.6% adjusted EBITDA margin.
Ecosystem and technology fees increased to $72.9 million from $28.1 million. Figure ended June with $1.44 billion in cash and cash equivalents, $597.4 million of loans held for sale and $556 million of $YLDS in circulation.
Figure Guides for Up to $5.2B in Q3 Loan Volume
Figure expects Consumer Loan Marketplace volume of $4.8 billion to $5.2 billion in the third quarter. CEO Michael Tannenbaum said weekly loan applications had surpassed $1 billion as of July.
The company also said its pending acquisition of real estate lender Kiavi remains on track to close in the second half of 2026. Figure expects the transaction to expand its platform into additional lending categories.
