CoinDesk
Figure Technology Solutions reported $226 million in second-quarter net revenue, up 113% from a year earlier, as Consumer Loan Marketplace volume jumped 132% to $4.3 billion. Net income climbed 192% to $87 million, or $0.35 per diluted share, while adjusted EBITDA more than doubled to $119 million. Figure Connect handled $2.8 billion, about 65% of the marketplace total, linking loan originators with capital providers.
Why it matters
Figure is moving loan origination, financing and trading onto blockchain rails, including home-equity loans. The results give that tokenization-focused model a public-market scorecard: loan throughput, partner growth and profitability are expanding together.
Figure added 102 loan-origination partners during the quarter, bringing its total to 489 across mortgage lenders, banks and fintech firms. CEO Michael Tannenbaum said weekly loan applications surpassed $1 billion in July. Circulation of YLDS, Figure's yield-bearing stablecoin, reached $556 million at June-end, up from $328 million at the end of 2025, while third-party borrowing through Democratized Prime reached about $170 million as of Aug. 6.
Market impact
FIGR shares rose roughly 5% in Thursday premarket trading after a 10% gain Wednesday. Figure expects third-quarter Consumer Loan Marketplace volume of $4.8 billion to $5.2 billion, setting a clear test for the current pace. The range would put Q3 volume above the $4.3 billion second-quarter level.
The pending Kiavi acquisition remains on track for the second half of 2026. Figure says the deal would expand the company into adjacent real estate lending markets and bring more loans onto the marketplace. For tokenization investors, the signal is adoption measured in loan flow, partners, stablecoin circulation and earnings.
Frequently asked questions
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How profitable was Figure in the second quarter?
Net income climbed 192% to $87M, or $0.35 per diluted share. Adjusted EBITDA more than doubled to $119M.
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What share of marketplace volume ran through Figure Connect?
Figure Connect handled $2.8B, about 65% of Consumer Loan Marketplace volume, by linking loan originators with capital providers.
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How large is Figure's loan-origination partner network?
Figure added 102 partners in the quarter, lifting its total to 489 across mortgage lenders, banks and fintech firms.
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How did Figure's onchain products perform?
YLDS circulation rose to $556M at June-end from $328M at the end of 2025. Third-party borrowing through Democratized Prime reached about $170M as of Aug. 6.
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What are Figure's next growth milestones?
Figure expects Consumer Loan Marketplace volume of $4.8B to $5.2B in Q3. The pending Kiavi acquisition remains on track to close in the second half of 2026 and would expand Figure into adjacent real estate lending markets.
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