Figure posts $87.4M net income as tokenized loan volume jumps 132%
Figure Technology Solutions reported record Q2 2026 results, with net income of $87.4M, revenue more than doubling year-over-year, and its SEC-registered yield-bearing token $YLDS growing to $556M in circulation.
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Record Quarter Driven by Marketplace Expansion
Figure Technology Solutions (Nasdaq: FIGR) posted its strongest quarter to date, reporting net revenue of $225.6 million and net income of $87.4 million for the three months ended June 30, 2026. Net revenue and net income rose 113% and 192% year-over-year, respectively, with the net income margin improving to 38.8%, reflecting higher scale and operating leverage.
Adjusted EBITDA reached $119.4 million, while Consumer Loan Marketplace volume rose to $4.26 billion, driven by the expansion of Figure Connect and new origination partners. Figure Connect, the company's capital-light marketplace model, now accounts for 65% of total volumes.
On the earnings-per-share front, Figure posted $0.35, blowing past the consensus estimate of $0.23 by roughly 52%. Adjusted EBITDA margin came in at 54.6%.
$YLDS Circulation Climbs as Regulated Yield Product Gains Traction
$YLDS in circulation rose to $556 million, with third-party borrowing activity on Democratized Prime reaching approximately $170 million as of August 6, 2026. That compares with $328 million at the end of December 2025, reflecting rapid adoption of the product since the start of the year. The net take rate slipped modestly to 3.6% from 4.0% a year earlier.
$YLDS is an SEC-registered yield-bearing stablecoin that operates as a tokenized money market fund. It is a digitally native, SEC-registered security pegged 1:1 to the dollar while automatically accruing interest. YLDS originally launched on Provenance Blockchain in February 2025, added Solana in November 2025, and has since expanded to the Stellar network.
Looking ahead, Figure's pending acquisition of real estate lender Kiavi remains on track to close in the second half of 2026, a deal that would expand Figure into adjacent real estate lending markets and bring more loans to its marketplace. Weekly applications had already surpassed $1 billion as of July 2026.
Sources:
Figure Technology Solutions Q2 2026 Earnings Release, Stock Titan / Globe Newswire
Figure Technology beats Q2 estimates, Crypto Briefing
Figure Technology Solutions Investor Relations
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Crypto RichRich has been researching cryptocurrency and blockchain technology for eight years and has served as a senior analyst at BSCN since its founding in 2020. He focuses on fundamental analysis of early-stage crypto projects and tokens and has published in-depth research reports on over 200 emerging protocols. Rich also writes about broader technology and scientific trends and maintains active involvement in the crypto community through X/Twitter Spaces, and leading industry events.