Figure Technology reports $4.3 billion Q2 consumer loan marketplace volume
Figure Technology said second-quarter consumer loan marketplace volume reached a record $4.3 billion, up 132% year over year and 4% above guidance, during its earnings call.
On Thursday, Figure Technology (NASDAQ: FIGR ) discussed second-quarter financial results during its earnings call.
The full transcript is provided below.
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View the webcast at Summary Figure Technology reported a record $4.3 billion in consumer loan marketplace volume, representing 132% year-over-year growth and surpassing guidance by 4%.
The company now has 489 partners on its platform, an increase of 102 from the previous quarter, with significant growth in its AI-enabled onboarding processes.
Figure Connect now represents 65% of the consumer loan marketplace volume, with expectations to reach 70% in the medium term, contributing to a strong 55% EBITDA margin.
The company completed a successful pre-funded securitization, highlighting investor confidence, and is seeing nearly 100% revenue growth with over 50% EBITDA margins.
The Kiavi acquisition is anticipated to close by the year's end, expected to add 40% to volume and $100 million of EBITDA, enhancing Figure Technology's market leadership.
Guidance for Q3 is set at $4.8 to $5.2 billion in consumer loan marketplace volume, with July performance indicating a strong quarter ahead.
The company emphasized its strategic focus on contribution margin over take rate, with Figure Connect contributing to lower take rates but higher profitability.
Figure Technology continues to expand into new asset classes, leveraging AI for standardization, and is integrating stablecoin for faster, lower-cost transactions.
Full Transcript OPERATOR Good morning everyone.
Welcome to the Figure Technology second quarter 2026 earnings conference call.
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And lastly, today's call is being recorded.
I would now like to turn the call over to Mr.
Brian McCleskey, Head of Investor Relations.
Please go ahead, sir.
Brian McCleskey, Head of Investor Relations Thank you.
Good morning and welcome to Figure Technology's second quarter 2026 earnings call.
My name is Brian McCleskey, Head of Investor Relations here at Figure.
Joining me on today's call are Michael Tannenbaum, Chief Executive Officer, and Macri Gill, our Chief Financial Officer.
Before we get started, I'd like to note that in today's call we'll refer to certain non-GAAP measures.
These measures have been reconciled to their GAAP equivalents in the earnings release we issued earlier this morning, as well as an appendix to the supplemental slide presentation posted to our website.
As a reminder, non-GAAP measures are not intended to be a substitute for GAAP results.
I'll also highlight that certain comments made during today's call may be considered forward-looking statements under federal securities law.
The Company cautions you that forward-looking statements involve substantial risks and uncertainties and a number of factors, many of which are beyond the Company's control, could cause actual results, events, or circumstances to differ materially from those described in these statements.
Please note the risk factors we've identified in our most recent 10-Q and other SEC filings.
We are not undertaking any commitment to update these statements if conditions change, except as required by law.
A recording of this conversation will be made available on our website following the conclusion of this call.
Following the conclusion of prepared remarks, we'll open the line for questions, and with that I'll turn the call over to Michael Tannenbaum.