Blockchain technology is changing how lending works. Figure Technology Solutions just showed how big this change can be. In the first quarter, the company posted amazing results. Net income reached $45 million. Net revenue jumped 98% to $167 million. Consumer loan marketplace volume soared 113% to $2.9 billion. These numbers prove that
Figure’s Q1 numbers tell a story of fast growth. Here is a quick look:
Ecosystem volume grew 136% to $3.7 billion. The net take rate improved to 3.8% from 3.6%. At quarter end, Figure had $1.5 billion in cash (excluding restricted) and $504 million in loans held for sale. These strong cash levels give the company room to grow.
Figure Connect is the star here. This capital-light marketplace lets more volume flow without using the company’s own balance sheet. CEO Michael Tannenbaum said it best: “The more volume that flows through Connect, the less we rely on balance sheet intermediation. The model becomes more capital light, and our margins become more durable.”
Connect now makes up 56% of volume, up from 54% last quarter. This shift helps Figure scale fast while keeping costs low. It’s a smart move in the competitive lending world.
Figure’s blockchain roots are paying off big. YLDS, their yield-bearing digital asset, jumped to $598 million in circulation. That’s from just $3 million a year ago. Matched offers on the Democratized Prime platform hit $368 million.
The company added a record 80 new partners, bringing the total to 387 active ones. They even signed Flagstar Bank, set to launch in Q2. Tannenbaum noted: “We’re firing on all cylinders in terms of partner acquisition.” This partner growth drives more loan originations and keeps the momentum going into 2026.
Figure is not just growing in consumer loans. They expanded small- and medium-business (SMB) lending to nearly $60 million in quarterly volume. Business-purpose products like debt service coverage ratio (DSCR) and residential transition loans (RTL) grew 70% from last quarter.
These products target real estate investors and tap into a $100 billion annual market. First-lien volume now hits 20% of total, up from 19%. Tannenbaum called 2026 the “year of the first lien,” and Q1 shows they are on track.
Exciting times ahead. Figure plans to launch Figure Forge in March 2026. This platform will break whole loans into tiny participation units linked to DeFi markets. It could open new ways to trade loan pieces on blockchain, making lending even more efficient.
For Q2, Figure guides consumer loan marketplace volume to $3.8 billion to $4.1 billion. That’s continued strong growth. With partners piling in and blockchain tech advancing, Figure looks set for more wins.
Figure’s Q1 results highlight why
The surge in YLDS and partner numbers proves trust in their platform. As DeFi grows, tools like Figure Forge could blend traditional loans with crypto markets. This might bring billions more into blockchain finance.
Investors and lenders should watch Figure closely. Their 113% volume growth and 98% revenue jump set a high bar. In a world of rising rates and uncertainty, Figure’s blockchain edge stands out.
Figure Technology Solutions delivered a blockbuster Q1. With <$167M revenue> and massive volume gains, they lead the
What do you think of Figure’s results? Will blockchain take over lending? Share your views below.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
The post Figure’s Q1 Blockchain Surge: $167M Revenue and 113% Loan Volume Growth Explained appeared first on Blockmanity.
