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Figure revenue more than doubles as blockchain loan marketplace volumes surge

Second-quarter net income nearly tripled to $87 million as Consumer Loan Marketplace volume jumped 132% to $4.3 billion.

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Figure Technology Solutions reported second-quarter net revenue of $226 million, more than doubling from a year earlier, as activity rose across its blockchain-based lending marketplaces, according to CoinDesk.

The company said net income nearly tripled to $87 million for the quarter ended June 30, up 192% year over year, with adjusted EBITDA increasing to $119 million. Consumer Loan Marketplace volume jumped 132% to $4.3 billion, and Figure Connect accounted for about 65% of that total, or $2.8 billion.

Figure also disclosed growth in its loan network, adding 102 loan-origination partners during the quarter, bringing the total to 489 across mortgage lenders, banks, and fintech firms. The company said weekly loan applications surpassed $1 billion in July.

For the third quarter, Figure expects Consumer Loan Marketplace volume of $4.8 billion to $5.2 billion. The outlet also reported that its pending acquisition of real estate lender Kiavi remains on track to close in the second half of 2026.

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