Figure Technology Solutions, Inc. Class A Common Stock

Figure Technology Solutions reported second quarter 2026 results showing consumer loan marketplace volume reached $4.3 billion, up 132% from a year earlier and 4% ahead of the top end of guidance. Adjusted net revenue climbed 95% year over year to $218 million, while adjusted EBITDA rose 126% to $119 million, pushing the margin to 55% from 47% a year earlier. Net income jumped to $87 million from $30 million. Figure Connect, the company's capital-light marketplace, drove much of the lift, with its volume climbing to 65% of total marketplace volume, up from 42% a year ago, and management now expects that share to approach 70% in the medium term. The company also announced a pending acquisition of Kiavi, a residential transition loan lender, expected to add 40% to volume and $100 million of EBITDA with a payback period under four years.

Figure Technology Solutions reported record second-quarter 2026 results, with consumer loan marketplace volume of $4.3 billion, up 132% year-over-year and 4% above the top end of guidance. Adjusted net revenue rose 95% to $218 million, while adjusted EBITDA climbed 126% to $119 million, representing a 55% margin. Figure Connect, the company's tokenized loan marketplace, grew to 65% of total volume from 42% a year ago, and the company now has 489 partners, up 102 from the prior quarter. Net income was $87 million, up from $30 million a year earlier, and the company guided third-quarter volume to between $4.8 billion and $5.2 billion. The company also said its acquisition of Kiavi is on track to close in the second half of the year.

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Figure Technology Solutions has priced a $600 million private offering of 8.500% senior notes due in 2031. The notes are being sold at their full principal amount, with the transaction expected to close on July 14, generating approximately $587.5 million in net proceeds after discounts, commissions, and offering expenses. The company intends to use the funds primarily to cover the cash consideration for its acquisition of Kiavi, an AI-powered platform for residential real estate investors, with remaining proceeds allocated toward general corporate purposes and fees associated with the note issuance. The completion of the debt offering is not contingent upon the finalization of the Kiavi acquisition. The notes are guaranteed on a joint and several basis by certain wholly-owned domestic subsidiaries and were offered exclusively to qualified institutional buyers and non-US persons in compliance with applicable regulations.

Figure Technology Solutions reported preliminary unaudited operating data for June and the second quarter of 2026 that exceeded the top end of its previously issued guidance ranges. Consumer Loan Marketplace Volume reached $1,519 million in June, up 8% from May and 155% year-over-year, while second-quarter volume hit $4,259 million, a 47% sequential increase and 132% higher than the same period last year. The company also disclosed metrics for its newer products, including $YLDS in Circulation at $556 million and Democratized Prime Matched Offers Balance at $392 million as of June 30. Figure is transitioning to near-real-time operational transparency, with comprehensive metrics now available on a weekly dashboard updated every Tuesday.

Figure Technology Solutions reported strong first-quarter 2026 results, with Consumer Loan Marketplace volume jumping 113% year-over-year to $2.9 billion. Net revenue rose 98% to $167 million, net income reached $45 million, and adjusted EBITDA climbed 192% to $83 million. The company added a record 80 new partners, including Flagstar Bank, and its Figure Connect platform accounted for 56% of consumer loan marketplace volume. Figure Technology ended the quarter with $1.5 billion in cash and cash equivalents and announced Figure Forge, a platform to fractionalize whole loans into liquid units.