Figure Technology Solutions beat second quarter 2026 estimates but saw its net take rate fall to 3.6%, at the lower end of its 3.5% to 4% guidance range. Management attributes the decline to structural shifts rather than pricing pressure. The drop stems from Figure Connect, the company's tokenised loan marketplace launched in June 2024, which now handles 65% of consumer loan marketplace volume, up from 42% a year earlier. Management expects this to reach 70% over the medium term. Connect earns the lowest take rate among Figure's three volume channels, as large partners increasingly bypass Figure as intermediary. Despite the lower take rate, adjusted net revenue of $218 million exceeded consensus estimates of $212 million. Ecosystem and technology fees became the largest revenue contributor for the first time. Adjusted EBITDA margin expanded to 55% from 47% year-on-year.

The notes will be issued off of a pool of 3,525 first- and junior-lien revolving HELOCs that were recently originated. The deal will repay investors on the 25th of each month, and notes have a stated final maturity date of July 2056.

Figure Technology CFO Minchung Kgil sold 4,000 shares of Class A Common Stock on 12 August 2026 for approximately $120,000. The shares were sold at prices ranging between $30.00 and $30.06. The transaction was executed under a Rule 10b5-1 trading plan, which Kgil adopted in December 2025. This type of plan allows company insiders to schedule stock sales in advance, demonstrating the sale was pre-planned rather than discretionary. Following the transaction, Kgil retains 491,651 shares, representing a 0.27% ownership stake in the company. The stock closed at $31.88 on 13 August 2026. Figure Technology Solutions operates blockchain-based platforms for consumer finance applications. The company has a market capitalisation of $6.9 billion and generated $709 million in trailing twelve-month revenue.