Figure Technology Solutions more than doubled Q2 revenue to $226M and nearly tripled net income to $87M as blockchain loan marketplace volume jumped 132% to $4.3B year-over-year.
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Figure Technology Solutions reported Q2 2026 results on Aug. 13, showing net revenue of $226 million for the three months ending June 30.
That figure represents a 113% increase from the same quarter a year earlier. Net income rose 192% to $87 million, equal to $0.35 per diluted share, while adjusted EBITDA climbed to $119 million, more than double the year-prior figure.
Shares of Figure (FIGR) gained roughly 5% in premarket trading on Aug. 13, adding to a 10% advance the session before. The company was co-founded by Mike Cagney, who previously co-founded SoFi and served as its chief executive. Cagney now holds the role of executive chairman at Figure, with Michael Tannenbaum serving as CEO.
Loan Marketplace Volumes and Partner Growth
Figure's Consumer Loan Marketplace processed $4.3 billion in volume during Q2, a 132% increase year-over-year. The marketplace covers home equity lines of credit, debt-service coverage ratio loans, personal loans, and third-party loans traded through Figure Connect. Figure Connect is the company's blockchain-based platform that connects loan originators directly with institutional capital providers, and it alone accounted for $2.8 billion of the total, roughly 65% of all marketplace volume.
The company added 102 loan-origination partners during the quarter, raising its total count to 489 across mortgage lenders, banks, and fintech firms. Tannenbaum said weekly loan applications crossed $1 billion in July 2026. Figure is guiding for Consumer Loan Marketplace volume of $4.8 billion to $5.2 billion in Q3.
The growth comes as Figure continues to build out its position as one of the few publicly traded companies moving lending and capital-market activity onto blockchain rails. Its platform uses blockchain infrastructure to support the origination, financing, and trading of assets such as home-equity loans, connecting originators with investors in a structure that differs from traditional loan securitization.
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YLDS Stablecoin and the Kiavi Deal
Beyond the core marketplace, Figure's yield-bearing stablecoin YLDS grew to $556 million in circulation at the end of June, up from $328 million at the close of 2025. Third-party borrowing through its Democratized Prime marketplace reached approximately $170 million as of Aug. 6. In May, Figure extended its reach into small and medium-sized business lending through a partnership with Credibly.
A $717 million acquisition of real estate lender Kiavi remains on track to close in the second half of 2026. Tannenbaum said the deal would bring a new category of real estate loans onto Figure's blockchain infrastructure and expand the platform into adjacent asset classes. He said weekly application volume already exceeding $1 billion positions the company to absorb that additional volume once the deal closes.
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