Figure

The partnership Figure just unveiled with Sierra is a pole vault to unlock the $2T mortgage space. Applying for a mortgage or a HELOC carries some inevitable friction with our partners. >50% of applicants drop out midway simply because they can’t find a form they need, or can’t figure out how to upload. Even the most superhuman sales people / Loan Officers don’t typically chase these stalled apps because the numbers just don’t work. They could spend an hour playing the role of IT support to get an applicant unstuck, but the odds of the borrower getting re-stuck later are too high. At the end of the day, a Loan Officer with infinite patience isn’t very commercial. We’ve been exploring how AI can plug this trillion-dollar hole in mortgage, and by combining Sierra with Loan Officers, we’re seeing a 143% lift in conversion. I’ve listened to calls, and wow. The future looks (and sounds) awfully bright. Watch my conversation with Aakash Thumaty of GM of Sierra’s Horizon platform on the latest episode of our podcast Unblocked. Links in comments.

Figure celebrated a year of being public by returning to Nasdaq to ring the opening bell. The impact of what we’re building is clear: Our partners originate faster and cheaper, investors get standardized, high-quality, tokenized and liquid assets, and consumers get better access to capital. We’ve grown volume by 100% in every quarter as a public company while maintaining margins that make us a Rule of 150 company today. Most importantly, we haven’t lost any of the startup can-do attitude that got us to where we are today. Thank you to our growing team, our partners, and our shareholders for being part of this journey in building a market-leading position. Together we soar. 📷: Nasdaq, Inc./ Vanja Savic

Q1 2026 is in the books — and I couldn't be more proud of what this team has built. We reported Figure ’s strongest quarter yet: 📈 $167M in adjusted net revenue — up 92% year-over-year 💰 $83M in adjusted EBITDA — up ~190% year-over-year, with a ~50% margin 🏦 $2.9B in Consumer Loan Marketplace volume — up 112% year-over-year Figure Connect now represents 56% of marketplace volume. YLDS in circulation hit $598M. Democratized Prime is expanding. We also introduced formal quarterly guidance: $3.8B–$4.1B in Consumer Loan Marketplace volume for Q2. Our flywheel is real.

Big news… they’re on the way. 📲 One of the most requested enhancements from loan originators has been real-time SMS file status updates during the borrower application process. The good news? It’s happening. Many of you may have already received an email giving you the option to opt in for SMS notifications. If you haven’t opted in yet, be sure to do so so you can start receiving file status updates directly to your phone and stay even more connected to what’s happening with your borrower’s file in real time. At the end of the day, better communication creates a better experience for everyone involved. As always, the Figure Sales Success Team is here to help. Reach out with any questions, feedback, or ideas. We appreciate all of you continuing to help us improve the process. salessuccess@figure.com #Figure #HELOC #MortgageIndustry #LoanOriginator #MortgageTech #CustomerExperience #SalesSuccess #DigitalMortgage #Fintech #MortgageLending #RealTimeUpdates #LOLife

Great catching up with Sean Harper at the Kin Insurance office in Chicago last week. Kin is an innovative home insurance platform and a perfect example of how our Figure Connect marketplace enables partners to scale mortgage businesses without the traditional overhead. Kin is focused on insurance, not building a mortgage company. By moving away from legacy systems, they are leveraging our AI-powered architecture to bridge the gap between their front-end insurance operations and our blockchain-native capital markets. This offers better economics, scale and access to instant liquidity. It's a win-win, where homeowners can conveniently access high-quality coverage and mortgage products. Congrats to Sean and the team on the thriving business you're building. We’re proud to support your continued upward trajectory.

Figure is growing and we're looking for a talented Senior Product Manager and Senior Solutions Engineer! If you're interested or know anyone who might be, please reach out to me at bjin@figure.com . https://lnkd.in/eFn2s5kF https://lnkd.in/eX5yiVJY

To all my connections (and theirs) impacted by the Dark Matter Technologies massive reduction in force yesterday. Please consider checking out the available roles at Figure listed below. I would be happy to help out in any way possible with them. For current and future parters of Figure impacted by yesterday's events, please know that our priority is making sure your business doesn't skip a beat. Figure remains a stable, liquid home for your production and we have the capacity to step in wherever you need a hand. Director Compliance Operational Transformation Associate Sr. Product Manager, Dashboard and Internal Tools Sr. Solutions Engineer Senior Manager, Strategic Finance, OpEx Transfer Agent Operations Specialist Partnership Support Specialist Product Operations Account Manager All openings here: https://lnkd.in/eyFb54Xd Melissa Smith

Figure's ecosystem of products - including our tokenized auto and mortgage loans - are now available on Ethereum. We launched Solana back in the fall and we continue to build the truth layer for the capital makets coming on chain. We'll meet the liquidity where it is, and a lot of it is on Ethereum. https://lnkd.in/eGEwecvp

Great to see The Information and Yueqi Yang calling out the shift from blockchain as a "moment" to blockchain as essential infrastructure. Seeing $100M+ raises for stablecoin businesses is a massive signal-to-noise correction. It’s proof that going on-chain isn't a pivot / tactic, but where actual value is being built. Figure has been very consiston on its mission to bring the capital markets on blockchain to lower the costs of the legacy manual systems. We bet that replacing them with the immutable truth and transparency of blockchain was the only way to actually scale how money moves. In our case, we started with institutional vs. consumer money flows. AI is changing the modern financial services stack. AI will act as the brain, and blockchain will become the nervous system. You can’t have great AI without great data. Blockchain provides the "source of truth" that keeps the AI from hallucinating on bad inputs. For those of us building in this space, it’s refreshing to see the infrastructure catch up to the vision. We’re going to be seeing, and building, a lot more of this. https://lnkd.in/e263qwMj