Figure Technology Solutions (NASDAQ:FIGR) reported sharply higher first-quarter 2026 revenue and profitability as executives emphasized that the company is positioning itself as a blockchain-native capital markets platform rather than a traditional home equity lender.
Chief Executive Officer Michael Tannenbaum said the company delivered “over 110% consumer loan marketplace growth” and an adjusted EBITDA margin of roughly 50%, describing the performance as a “rule of 140” when combining revenue growth and margin. Chief Financial Officer Macrina Kgil said adjusted net revenue rose 92% year over year to $167 million, while GAAP net income totaled $45 million, including a $7 million tax benefit. Adjusted EBITDA increased about 190% year over year to $83 million.
