Figure Technology Solutions Spins Its Earnings Flywheel, Hits Record Quarterly Volumes
Figure Technology Solutions, a leading player in the fintech space, has just announced its second quarter 2026 earnings results, and the numbers are nothing short of impressive. According to CEO Michael Tannenbaum, the company delivered another great quarter as more partners flocked to its vision for bringing the capital markets on-chain.
The star of the show was Figure's consumer loan marketplace volume, which clocked in at $4.3 billion, surpassing the top end of guidance by a significant 4% and registering a whopping 132% year-over-year growth. This marks the company's strongest ever quarter, with application volumes on its platform exceeding $1 billion per week for the first time in early July.
But that's not all - Figure also saw continued strength in Q3, with partners joining the platform at an unprecedented rate. The company now boasts 489 partners, a staggering 102 more than last quarter, across various segments such as Independent Mortgage Banks, servicers, depositories, and Fintech SMB.
What's particularly impressive is that recently closed partners are ramping up faster than usual, thanks in part to Figure's investments in AI-enabled onboarding processes. This not only proves the scalability of its model but also highlights the value it drives for partners.
As a result, prospects are hearing about the benefits of Figure's disruptive capital marketplace and its liquidity, which is soon approaching what they get from major players like Fannie Mae. The volume, in turn, is improving execution and pricing, adding loan buyers, and attracting more prospects.
The investor side of the marketplace is also gaining momentum, with large demand being a notable trend. A recent pre-funded securitization is a testament to investors' confidence in Figure's standardized production, where they committed to purchasing bonds on its platform before loans were even originated.
Figure's financials are equally impressive, with nearly 100% revenue growth and over 50% EBITDA margins. Its EBITDA margins were strong at 55%, reflecting the growth of its capital-light Figure Connect marketplace and ongoing commitment to capital discipline.
The company is making progress towards its medium-term goal of 60% margins through the growth of Connect and operating leverage inherent in its business model. This growth and margin profile puts it at a rule of 150 in the rule of 40 investor framework, solidifying Figure's position as a leader in the fintech space.
