FIGR

EX-99.1

2 ex991-pressrelease2q26.htm

EX-99.1

Document

Exhibit 99.1

FIGURE TECHNOLOGY SOLUTIONS REPORTS STRONG SECOND QUARTER 2026 RESULTS

NEW YORK, August 13, 2026 /Globe/ — 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 three and six months ended June 30, 2026.

“We delivered our strongest quarter yet, headlined by 132% year-over-year volume growth in our Consumer Loan Marketplace, the addition of over 100 origination partners, and the scaling of our capital-light marketplace, with 65% of our volumes now on Figure Connect. With weekly applications now surpassing $1 billion as of July and the pending completion of our Kiavi acquisition, which we expect will significantly grow our platform into adjacent asset classes, we are accelerating our growth flywheel and our first-mover advantage in bringing the capital markets on-chain.”

- Michael Tannenbaum, CEO

Q2 2026 Quarterly Financial Highlights

•Consumer Loan Marketplace volume was $4.3 billion in the quarter, a 132% increase from the prior year. This included Figure Connect Volume of $2.8 billion.

•Net revenue was $226 million, an increase of 113% year-over-year. Adjusted Net Revenue was $218 million, an increase of 95% from the second quarter of 2025.

•Net income increased 192% to $87 million; net income margin reached 38.8%, an increase of 11 percentage points year-over-year.

•Adjusted EBITDA increased 126% year-over-year to $119 million; Adjusted EBITDA margin reached 54.6%, an increase of 7 percentage points year-over-year.

•Cash and cash equivalents, excluding restricted cash, totaled $1.4 billion, an increase of $239.4 million, or 20.0% compared to December 31, 2025.

•Loans held for sale totaled $597 million, an increase of $193.1 million, or 47.7%, compared to December 31, 2025.

Financial Highlights

$ in thousands, except per share or otherwise notedQ2Q26M YTD6M YTDQ26M YTD

(Unaudited)2026202520262025YoY % YoY%

GAAP Results:

Net Revenue$225,588 $106,077 $392,595 $190,587 113 %106 %

Net Income87,436 29,994 132,483 29,381 192 %351 %

Net Income margin38.8 %28.3 %33.7 %15.4 %+10.5  p.p.+18.3  p.p.

Earnings per Share - Basic$0.39 $0.11 $0.60 $0.04 255 %1400 %

Earnings per Share - Diluted0.35 0.08 0.53 0.04 338 %1225 %

Non-GAAP Results(1):

Adjusted Net Revenue$218,445 $111,895 $385,288 $198,877 95 %94 %

Adjusted EBITDA119,379 52,866 201,992 81,210 126 %149 %

Adjusted EBITDA margin54.6 %47.2 %52.4 %40.8 %+7.4  p.p.+11.6  p.p.

(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

$ in millions unless noted

Q2Q26M YTD6M YTDQ26M YTD

(Unaudited)2026202520262025YoY % YoY%

Consumer Loan Marketplace Volume4,259 1,838 7,161 3,203 132 %124 %

Figure Connect Volume2,773 767 4,385 1,245 262 %252 %

Net Take Rate3.6 %4.0%3.7%3.9%-0.4  p.p.-0.2  p.p.

$ in millions unless noted As of

(Unaudited)June 30, 2026December 31, 2025

$YLDS in Circulation$556 $328

Democratized Prime:

Matched Offers392 206

Borrower Demand414 246

Available Lender Supply522 213

Recent Business Highlights

•Figure Connect reached 65% of Consumer Loan Marketplace volume in the quarter. Figure Connect was launched in June 2024.

•Added 102 origination partners in the quarter, reaching 489 total active partners across mortgage banks, depositories, servicers, and fintechs.

•New product categories continued to accelerate, with Small/Medium Business (“SMB”) loan volume increasing 57% quarter-over-quarter.

•Third-party borrowing activity on Democratized Prime reached approximately $170 million as of August 6, 2026, a ~23x increase since December 31, 2025.

•Launched SMB pools on Democratized Prime, adding another diversified asset class to the Figure funding ecosystem along with Auto and Home Equity.

•Demonstrated strong operational efficiency as operations and processing costs declined to approximately 67 basis points of Consumer Loan Marketplace volume, down from 79 basis points in Q2 2025.

•Kiavi, inc. transaction remains on track to close in the second half of 2026.

Operating Outlook

The guidance for Consumer Loan Marketplace volume provided below constitutes forward-looking information within the meaning of applicable securities laws and is based on a number of assumptions and subject to a number of risks. See cautionary note regarding “Forward-looking Statements” in this press release.

Q3 2026 Guidance $ in billions

Consumer Loan Marketplace Volume $4.8 - $5.2

Webcast Information

Figure will host a conference call and webcast at 8:30 a.m. Eastern Time, August 13, 2026 to discuss its results and outlook. A link to the live discussion and accompanying presentation will be made available on the

Company’s invest

EX-99.1

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EX-99.1

Exhibit 99.1

FIGURE TECHNOLOGY SOLUTIONS

REPORTS PRELIMINARY JUNE & Q2 2026 OPERATING DATA

Launches Weekly Operational Tracking Dashboard to Provide Near-Real-Time Transparency

NEW YORK, July 7, 2026 (GLOBE NEWSWIRE) — Figure Technology Solutions, Inc. (Nasdaq: FIGR; OPEN: FGRS) (“Figure”), the leading blockchain-native capital marketplace for the origination, funding, sale, and trading of tokenized assets, today reported select unaudited preliminary operating data for the month ended June 30, 2026 that have exceeded the top end of the company’s previously issued guidance ranges.

This reporting period marks Figure’s transition away from historical monthly disclosures toward near-real-time operational transparency. Comprehensive metrics are now hosted on a dedicated weekly dashboard at https://figure.com/investors/metrics. Updated every Tuesday after market close, the platform delivers direct visibility into origination volumes, funding metrics, and overall marketplace activity.

Dollars in Millions

June

2026

May

2026

M/M

Change

June

2025

Y/Y

Change

Consumer Loan Marketplace Volume $1,519 $1,402 8% $596 155%

$YLDS In Circulation1 $556 $557 0% $4 n.m.

Democratized Prime2

Matched Offers Balance $392 $385 2% $2 n.m.

Borrower Demand $414 $412 1% $13 n.m.

Available Lender Supply $522 $500 4% $5 n.m.

Dollars in Millions

Q2

2026

Q1

2026

Q/Q

Change

Q2

2025

Y/Y

Change

Consumer Loan Marketplace Volume $4,259 $2,902 47% $1,838 132%

$YLDS In Circulation1 $556 $598 -7% $4 n.m.

Democratized Prime2

Matched Offers Balance $392 $368 6% $2 n.m.

Borrower Demand $414 $376 10% $13 n.m.

Available Lender Supply $522 $453 15% $5 n.m.

1 $YLDS launched in February 2025

2 Democratized Prime launched in June 2025

About Certain Operating Metrics

In order to better help understand our financial performance, we use several operating metrics, some of which are discussed below, to evaluate our business and results, measure performance, identify trends, formulate plans, and make strategic decisions. Our determination and presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP.

Consumer Loan Marketplace Volume: We define Consumer Loan Marketplace Volume as the total U.S. dollar equivalent value of originations of HELOCs, DSCRs, and personal loans on our LOS, as well as the volume of third-party loans traded on Figure Connect. We believe this measure is an indication of our scale and represents the potential revenue opportunity from the technology used for consumer credit loan originations.

$YLDS in Circulation: We define $YLDS in Circulation as the total U.S. dollar equivalent value of unsecured face-amount certificates solely backed by the assets of Figure Certificate Company (FCC), which is the issuer of the certificates. This is reported as an end of period outstanding balance.

Matched Offers: We define Matched Offers as the U.S. dollar equivalent value of offers matched between borrowers and lenders on the Democratized Prime platform. This is reported as an end of period outstanding balance.

Borrower Demand: We define Borrower Demand as the U.S. dollar equivalent value that borrowers seek to borrow from the lending pool on the Democratized Prime platform. This is reported as an end of period outstanding balance.

Available Lender Supply: We define Lender Supply as the U.S. dollar equivalent value that lenders have made available in the lending pool on the Democratized Prime platform. This is reported as an end of period outstanding balance.

Financial Disclosure Advisory

The information in this release is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on Figure’s estimates, and subject to completion of financial closing procedures. Final results for the most recent fiscal quarter, as reported in Figure’s quarterly and annual filings with the U.S. Securities and Exchange Commission (“SEC”), might vary from the information in this release. Figure may at times make revisions to prior estimates to ensure consistency across comparable periods.

Forward Looking Statements Disclaimer

This press release 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 statements other than statements of historical fact contained in this press release, including without limitation statements regarding our future financial performance, including our expectations regarding our operating data. These statements involve known and unknown risks, uncertainties, and other important factors that may cause actual results to differ materially from those expressed or implied by the forward-l

EX-99.1

2 ex991-pressrelease1q26.htm

EX-99.1 PRESS RELEASE

Document

Exhibit 99.1

FIGURE TECHNOLOGY SOLUTIONS REPORTS FIRST QUARTER 2026 RESULTS, ACHIEVES RECORD CONSUMER LOAN MARKETPLACE VOLUME

NEW YORK, May 11, 2026 /Globe/ — 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 notedQ1Q1Q1

(Unaudited)20262025YoY %

GAAP Results:

Net Revenue$167,007 $84,510 97.6 %

Net Income45,047 (613)n.m.

Net Income margin27.0 %(0.7)%+27.7  p.p.

Earnings per Share - Basic$0.21 $(0.01)n.m.

Earnings per Share - Diluted0.18 (0.01)n.m.

Non-GAAP Results(1):

Adjusted Net Revenue$166,843 $86,982 91.8 %

Adjusted EBITDA82,696 28,344 191.8 %

Adjusted EBITDA margin49.6 %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

$ in millions unless noted

Q1Q1Q1

(Unaudited)20262025YoY %

Ecosystem Volume$3,720 $1,578 135.8 %

Consumer Loan Marketplace Volume2,902 1,365 112.6 %

Figure Connect Volume1,612 478 237.3 %

Net Take Rate3.8 %3.6%+0.2  p.p.

$ in millions unless noted As of

(Unaudited)March 31, 2026March 31, 2025YoY%

$YLDS in Circulation$598 $3 n.m.

Democratized Prime:

Matched Offers368 n.m.n.m.

Borrower Demand376 n.m.n.m.

Available Lender Supply453 n.m.n.m.

Note: "n.m." - not meaningful

Recent Business Highlights

•Figure Connect volume reached 56% of Consumer Loan Marketplace volume in the quarter.

•Advanced the "Year of the First Lien" mandate, growing first lien volume to 20% of total production.

•Figure ended the quarter with 387 active partners in its ecosystem,

◦Signed Flagstar Bank, a top 35 U.S. bank by assets, and launching in Q2 2026.

◦Expanded the partner ecosystem by adding a record 80 new partners in Q1 2026, including the country’s 6th largest mortgage lender as measured by Bankrate.com.

•Accelerated Small/Medium Business ("SMB") and Business Purpose lending, with the SMB channel reaching nearly $60M in volume this quarter and high-growth products like Debt Service Coverage Ratio Loans ("DSCR") and Residential Transition Loans ("RTL") seeing 70% growth quarter-over-quarter.

•Democratized Prime matched offers from third party borrowers reached approximately $24 million as of May 8, 2026.

•Announced Figure Forge, a transformative platform that fractionalizes whole loans into liquid, single-dollar participation units to bridge Real World Assets ("RWAs") with DeFi.

Operating Outlook

Beginning this quarter, Figure intends to provide one quarter forward guidance for Consumer Loan Marketplace volume. The outlook provided below constitutes forward-looking information within the meaning of applicable securities laws and is based on a number of assumptions and subject to a number of risks. See cautionary note regarding “Forward-looking Statements” in this press release.

Q2 2026 Guidance

$ in billions

Consumer Loan Marketplace Volume

$3.8 - $4.1

Webcast Information

Figure will host a conference call and webcast at 8:30 a.m. Eastern Time, May 12, 2026 to discuss its results and outlook. A link to the live discussion and accompanying presentation will be made available on the

Company’s investor relations website at https://investors.figure.com/. A replay will