According to CoinMeta, Figure Technologies ( NASDAQ : FIGR ) released its financial report for the second quarter of 2026 on August 13. The transaction volume in the consumer loan market reached $4.3 billion, a year-on-year increase of 132%, exceeding expectations by 4%, and marking the third consecutive quarter of triple-digit growth. Management stated that the pace of the transition of mortgage loans to the Figure tokenization market is accelerating. Adjusted net income increased by 95% to $218 million, and adjusted EBITDA grew by 126% to $119 million, with the profit margin rising from 47% to 55%. Figure Connect is the company's capital-light market, which allows loans to be traded directly between initiators and buyers, and this contributed to the growth. Management expects that Connect's market share will approach 70% in the medium term. Although some indicators did not perform as well, with the net yield dropping to 3.6%, which is at the lower end of the guidance range, management expects this level to remain unchanged in the third quarter. To fund the acquisition of Kiavi, Figure closed a $600 million senior note issuance on July 14, 2026, with an interest rate of 8.5%.