Figure Nearly Triples Q2 Profit to $87M as Loan Volume Hits $4.3B
FIGR sits 28% above its 52-week low of $24.11.
Summary
Figure's Q2 net income jumped 192% to $87 million, with net revenue more than doubling to $226 million. Consumer loan marketplace volume reached $4.3 billion, up 132% year-over-year, including $2.8 billion through its blockchain-based Figure Connect platform. The company added over 100 new loan-origination partners and says weekly applications surpassed $1 billion in July. This follows the preliminary Q2 volume figure of $4.26 billion reported on July 7, but adds full profit and revenue details. The pending $717 million Kiavi acquisition remains on track to close in H2 2026, which management expects to expand the platform into adjacent asset classes.
At the time of this announcement, FIGR was trading at $30.97 on NASDAQ in the Finance sector, with a market capitalization of approximately $6.8B. The 52-week trading range was $24.11 to $78.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: The Block.