Key Highlights

  • Figure Technology Solutions (NASDAQ:FIGR) said on October 6, 2026 that third quarter consumer Loan marketplace Volume was USD 5,119 million, up 107% from USD 2,469 million a year earlier and up 20% from USD 4,259 million.
  • The result landed at the high end of the company's USD 4.8 billion to USD 5.2 billion guidance, and September volume of USD 1,783 million was up 9% from August and 104% from September 2025.
  • YLDS in circulation was USD 504 million at September 30, 2026, up 13% from USD 446 million in August but down 9% from USD 556 million at the end of the second quarter.
  • The volume figures exclude Kiavi loans originated after the September 1, 2026 Merger close, and full third quarter results for Figure Technology Solutions (NASDAQ:FIGR) are due in November.

What Figure Reported

Figure Technology Solutions (NASDAQ:FIGR) released preliminary unaudited operating data on October 6, 2026. Third quarter consumer loan marketplace volume was USD 5,119 million, compared with USD 4,259 million in the second quarter and USD 2,469 million in the third quarter of 2025. September volume was USD 1,783 million, up from USD 1,640 million in August and USD 876 million in September 2025. The company described Figure Connect as the fastest-growing part of its ecosystem but gave no figure. A topic note listed the release on October 7, but the company release is dated October 6. Results will be published in November, and the numbers here are preliminary, unaudited and may change when the final report arrives.

How the Marketplace Works

Figure runs a marketplace in which consumer loans, including home Equity lines, are originated and matched with Capital providers, so volume is the amount of loans passing through the platform. The company reported Democratized Prime figures at quarter end: matched offers of USD 588 million, borrower Demand of USD 600 million and available lender Supply of USD 825 million. Lender supply above borrower demand suggests capital was not the constraint at that date, a reading based on simple comparison of two figures. YLDS is the company's yield-bearing stablecoin, whose circulation fell 9% from the end of the second quarter even as it rose from August.

Risks and What to Watch

Risks for Figure Technology Solutions (NASDAQ:FIGR) include sensitivity to interest rates, since the 10-year Treasury Yield near 5.3% can slow home equity borrowing, as well as Credit quality, regulatory scrutiny of stablecoins and the integration of Kiavi. Volume is not revenue, and the company did not report take rates, Revenue or profit in this update, so Earnings power cannot be judged from it. The Kiavi loans originated after September 1, 2026 are excluded, so the November report will show a different base. Investors should watch revenue, margins, the YLDS trend and guidance for the fourth quarter. Share price reaction was not verified. Marketplace platforms also depend on lender appetite, which can shift quickly when yields move. This is not Investment advice.

Where Things Stand

Figure Technology Solutions (NASDAQ:FIGR) saw loan volume jump 107% because more consumer loans were matched through its marketplace, in a quarter that finished at the high end of guidance, with September also up sharply from a year earlier. The figures are preliminary and say nothing about profit, credit quality or margins. The balance of evidence is positive on growth but incomplete on earnings and credit. The November report will include Kiavi for about one month and show revenue and margins.