Overview
- Figure reported on Aug. 13 that Q2 revenue beat estimates at about $225–226 million and diluted EPS was $0.35, with net income near $87 million.
- Consumer loan marketplace volume surged about 132% year over year to roughly $4.3 billion and Figure Connect accounted for about 65% of that flow, helping lift fee revenue.
- The company added 102 origination partners in the quarter, bringing the total to 489, and guided Q3 marketplace volume to $4.8–5.2 billion.
- Management said the net take rate fell to 3.6% as larger partners moved direct to Figure Connect, rising interest rates reduced gain on sale, and first‑lien volume grew faster than expected.
- Figure said its pending Kiavi acquisition remains on track to close in the second half of 2026 and the firm has raised capital including a $600 million senior‑notes offering to fund expansion while holding about $1.4 billion in cash.