Figure Tech Reports Strong Q3 2026 Growth Driven by Marketplace Expansion and AI Integration
Figure Tech (FIGR) reported robust third-quarter 2026 financial results, highlighted by a $5.8 billion loan marketplace volume, representing 135% year-over-year growth. This surge was bolstered significantly by the Kiavi acquisition, which contributed $677 million to total volume. Net revenue climbed 84% to $287 million, fueled largely by a tripling of ecosystem and technology fees, which reached $110 million. The company is successfully transitioning toward a capital-light marketplace model, evidenced by an expanded Adjusted EBITDA margin of 58%. Technological advancements are also driving efficiency; the deployment of an AI 'Agentic Loan Officer Assistant' developed with Sierra resulted in a 29% increase in funded dollars per loan approval. Despite rising interest rates, Figure Tech exceeded guidance with a net stand-alone take rate of 3.7%.
Topics: acquisition impact adjusted EBITDA AI integration loan marketplace volume net revenue growth