Business
Figure Technology Solutions Reports First Quarter 2026 Results, Achieves Record Consumer Loan Marketplace Volume
NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions (Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the
About this update from Figure Technology Solutions, Inc.
[{"type":"text","content":"NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions (Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets, today announced financial results for the quarter ended March 31, 2026. \"We delivered exceptional first-quarter results, headlined by 113% year-over-year growth in our Consumer Loan Marketplace and the addition of a record 80 new partners. Our blockchain ecosystem saw equally rapid expansion, with YLDS and Democratized Prime matched offers both growing approximately 80% quarter-over-quarter as we continue to bring entire asset classes on-chain. Despite significant market volatility, we believe these results validate the resilience of our capital-light model, and our role in replacing legacy infrastructure with blockchain-native capital markets.\" - Michael Tannenbaum, CEO Q1 2026 Quarterly Financial Highlights Consumer Loan Marketplace volume was $2.9 billion in the quarter, a 113% increase from the prior year. This included Figure Connect volume of $1.6 billion.Net revenue was $167 million, an increase of 98% year-over-year. Adjusted Net Revenue was $167 million, an increase of 92% from the first quarter of 2025.Net income reached $45 million; net income margin reached 27.0%, an increase of 28 percentage points year-over-year.Adjusted EBITDA increased 192% year-over-year to $83 million; Adjusted EBITDA margin reached 49.6%, an increase of 17 percentage points year-over-year.Cash and cash equivalents, excluding restricted cash, totaled $1.5 billion.Loans held for sale totaled $504 million. Q1 2026 Financial Highlights $ in thousands, except per share or otherwise notedQ1 Q1 Q1(Unaudited)2026 2025 YoY % GAAP Results: Net Revenue$167,007 $84,510 97.6%Net Income 45,047 (613) n.m.Net Income margin 27.0% (0.7)% +27.7 p.p.Earnings per Share - Basic$0.21 $(0.01) n.m.Earnings per Share - Diluted 0.18 (0.01) n.m. Non-GAAP Results(1): Adjusted Net Revenue$166,843 $86,982 91.8%Adjusted EBITDA 82,696 28,344 191.8%Adjusted EBITDA margin 49.6% 32.6% +17.0 p.p. Note: \"n.m.\" - not meaningful (1) See “Non-GAAP Financial Measures” at the end of this earnings release for details regarding these measures, including reconciliations of the Non-GAAP Financial Measures to their most directly comparable GAAP measures. Selected Metrics $ ...