Key facts
- Figure's net revenue more than doubled to $226 million in Q2.
- Net income nearly tripled to $87 million in Q2.
- Consumer loan marketplace volume surged 132% year-over-year to $4.3 billion.
- Figure Connect accounted for $2.8 billion, or 65%, of the total quarterly marketplace volume.
- Figure expects Q3 2026 consumer loan marketplace volume between $4.8 billion and $5.2 billion.
Figure Technology Solutions reported a significant increase in its second-quarter financial performance, with revenue more than doubling to $226 million and net income nearly tripling to $87 million. The company's consumer loan marketplace volume surged 132% year-over-year to $4.3 billion.
CEO Michael Tannenbaum attributed the strong results to a 132% surge in loan marketplace volume and noted that Figure Connect, the company's asset-light marketplace, accounted for 65% of the total volume. He explained that the net take rate, while slightly below analyst expectations, was impacted by factors including partners going direct to Figure Connect, rising interest rates, and an increase in first-lien loan volume.
The company added 102 origination partners in the quarter, bringing the total to 489. Figure also guided to third-quarter 2026 Consumer Loan Marketplace volume between $4.8 billion and $5.2 billion.