Figure Technology Solutions reported third-quarter 2026 net revenue of $287 million, up 84% year over year, while adjusted net revenue rose 83% to $283 million. Adjusted EBITDA increased 91% to $164 million. Net income was $89.32 million, broadly flat year over year, with a 31% net margin that fell 26 percentage points. Loan Marketplace volume surged 135% to $5.8 billion, including $4.3 billion from Figure Connect, which represented 72% of standalone volume and supported the company’s capital-light model. Figure completed its acquisition of Kiavi on September 1, 2026, adding $677 million of quarterly volume, $8 billion of annual run-rate volume and exposure to Residential Transition Loan and Debt Service Coverage Ratio markets. The company forecast fourth-quarter Loan Marketplace volume of $6.2 billion to $6.7 billion and a gross take rate of 3.1% to 3.4%. As of September 30, Figure held $1.59 billion in cash and cash equivalents and $100 million in digital assets. Circulating supply of its yield-bearing stablecoin YLDS reached $504 million, up from $328 million at the end of 2025.