Slide 1: Q2 2026 Earnings Presentation
Q2 2026 Earnings Presentation August 13, 2026
Slide 2: Disclaimer
Disclaimer Cautionary Note Regarding Forward-Looking Statements This presentation contains forward‑looking statements intended to be covered by the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All
Slide 3: Q2'26 at a glance
Q2‘26 at a glance Consumer Loan Figure Connect Volume Democratized Prime Marketplace (CLM) Volume Matched Offers $4.3 billion $2.8 billion $392 million +132% YoY 65% of CLM Volume Launched in June 2025 Adjusted Net Revenue Adjusted EBITDA Adjusted EBITDA Margin $218 million $119 million 55% +95% YoY
Slide 4: Robust performance across all operating pillars
Robust performance across all operating pillars Another quarter of double and triple digit year-over-year growth across core financial metrics Consumer Loan Marketplace Volume ($B) Adjusted Net Revenue ($M) Adjusted EBITDA ($M) Adjusted EBITDA Margin (%) $4.3 $218 $119 50% 55% $167 $2.9 $83 47% 33%
Slide 5: Building momentum across marketplace categories
Building momentum across marketplace categories Consumer Loan Marketplace Democratized Prime Ecosystem Newly launched product categories are scaling multiples of the core growth 3.0x 57% 100+ 1st Lien Volume YoY SMB Growth QoQ New Partners Added QoQ Small Business Pools $170m Launched on Democratize
Slide 6: Dual lanes of growth
Dual lanes of growth Substantial volume growth is being driven by new partners onboarding and existing partners doing more with us New partners Same-partner expansion Retained base Partner-branded volume ~$3.5Bn $3.0Bn ~$1.3Bn ~60% 2.5x $2.0Bn ~$0.8Bn ~40% ~$1.4Bn $1.0Bn Retained base $0 Q2’25 Q2’26
Slide 7: The "Figure Factor" is shifting partners into market winners
The “Figure Factor” is shifting partners into market winners Forward thinking partners are leaning into Figure and growing their businesses with our marketplace 170% ~275% ~2.6x Volume from pre-Figure baseline 105% HMDA derived market growth baseline (+~5%) 100% 2025 Figure attributable Pre-Figure b
Slide 8: Consistent Underwriting Discipline
Consistent Underwriting Discipline Equity cushion and borrower quality have improved while volume continues to scale Weighted Average FICO at Origination Weighted Average CLTV at Origination Delinquency Status by Vintage 2% 766 69 66.2 754 1.39% 751 65.4 65.4 749 749 64.6 64.7 746 745 64 1.01% 746 1
Slide 9: Strong capital market execution
Strong capital market execution Our execution continues to strengthen along with increased frequency and larger deals 300 275 250 240 ~120bp 190 185 AAA Spread (bps) 200 180 175 160 160 160 160 155 155 150 145 145 150 tighter execution at pricing 140 140 140 137 2023 to 2026 120 2023 average 100 ~25
Slide 10: Outlook
Outlook Consumer Loan Marketplace Volume Adjusted EBITDA Margin Q3 2026 Medium Term Target +102% YoY at the midpoint 2026 - 2028 $4.8–$5.2B 60% Please refer to note regarding forward-looking statements on slide 2.
Slide 11: Appendix
Appendix
Slide 12: GAAP / Non-GAAP Income Statement Reconciliation
GAAP / Non-GAAP Income Statement Reconciliation (A) The Company added valuation changes in the fair value of marketable securities and YLDS funding costs to its definition of Adjusted Net Revenue, and valuation changes in the fair value of marketable securities, to its definition of Adjusted EBITDA
Slide 13: Key Operating Metric Definitions Non-GAAP Financial Measures
Key Operating Metric Definitions Non-GAAP Financial Measures Consumer Loan Marketplace Volume: We define Consumer Loan Marketplace Volume as the total U.S. dollar equivalent value In order to better help understand our financial performance, we use several key performance metrics that should be view