Figure reports Q2 revenue of $226 million, marketplace volume hits $4.3 billion

Figure Technology Solutions reported second-quarter revenue of $226 million, up 113 percent year-over-year, according to CoinDesk's reporting. Net income climbed 192 percent to $87 million, or 35 cents per diluted share, while adjusted EBITDA more than doubled to $119 million.

The growth was driven by volume on the company's Consumer Loan Marketplace, which reached $4.3 billion in the quarter, up 132 percent year-over-year. Figure Connect, a marketplace connecting loan originators with capital providers, accounted for $2.8 billion, or about 65 percent, of that total, per CoinDesk.

Figure added 102 loan-origination partners during the quarter, bringing the total to 489 across mortgage lenders, banks and fintech firms. CEO Michael Tannenbaum said weekly loan applications surpassed $1 billion in July, according to CoinDesk's reporting.

Circulation of YLDS, Figure's yield-bearing stablecoin, rose to $556 million at the end of June from $328 million at the end of 2025. Third-party borrowing through Figure's Democratized Prime marketplace reached about $170 million as of August 6, per CoinDesk.

FIGR shares rose roughly 5 percent in premarket trading on Thursday, extending Wednesday's 10 percent gain, according to CoinDesk. For the third quarter, Figure expects Consumer Loan Marketplace volume of $4.8 billion to $5.2 billion.

Figure's pending acquisition of real estate lender Kiavi remains on track to close in the second half of 2026. Open questions include whether the company's Q3 guidance will materialize, what the impact and timing of the Kiavi acquisition will be on Figure's profitability and marketplace dynamics, and whether the company can sustain its current year-over-year growth rates.