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.
Updates
· Cointelegraph — Management guided Q3 marketplace volume to $4.8–$5.2 billion.
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.