Figure Q3 Financial Report: Net revenue of $287 million, Sol
Blockchain asset tokenization platform Figure Technology Solutions released its Q3 2026 financial report, with net revenue of $287 million, up 84% year-over-year, net income of $89.32 million, and adjusted EBITDA up 91% year-over-year to $164 million. Total loan marketplace transaction volume surged 135% to $5.8 billion, and the circulating supply of the YLDS stablecoin increased to $504 million.
Event timeline
- [11-12 11:57] Figure releases Q3 financial report, net revenue $287 million, up 84% year-over-year (Wu Blockchain)
- [11-12 12:05] Blockchain asset tokenization platform Figure Q3 financial report: net revenue $287 million, up 84% year-over-year (PANews)
- [11-12 12:06] Net revenue up 84% year-over-year, Figure Q3 2026 net revenue reaches $287 million (Odaily Planet Daily)
Background and impact
Blockchain asset tokenization platform Figure Technology Solutions (Nasdaq: FIGR; OPEN: FGRS) released its Q3 2026 financial report on November 12, 2026, Beijing Time. The report shows that total net revenue in Q3 reached $287 million, up 84% year-over-year; adjusted net revenue was $283 million, up 83% from Q3 2025. Net income was $89.32 million, with a net profit margin of 31%, down 26 percentage points year-over-year. Adjusted EBITDA increased 91% year-over-year to $164 million.
Total loan marketplace transaction volume surged 135% year-over-year to $5.8 billion. As of September 30, 2026, the company's cash and cash equivalents reached $1.59 billion, and total digital asset holdings were $100 million. The circulating supply of its interest-bearing stablecoin YLDS increased from $328 million at the end of last year to $504 million. In addition, the board of directors approved an increase in the stock repurchase authorization by $200 million to a total of $400 million.
Figure Technology Solutions did not directly disclose in its financial report the specific connection between its tokenization business and the Solana ecosystem. However, public information shows that in recent years the company has deployed multiple tokenized asset projects on the Solana network, including the tokenized issuance of traditional assets such as Treasury bonds and corporate bonds. Multiple mainstream exchanges such as Binance, OKX, Bitget, and Gate.io have listed ecosystem-related products.
After the financial report was released, the market paid attention to Figure's competitiveness in the tokenization sector and its synergies with the Solana ecosystem. Some analysis pointed out that its business growth may be related to improved Solana network performance and increased institutional adoption, but the specific degree of impact has not been officially disclosed.
Frequently asked questions
### What is the connection between Figure's YLDS stablecoin and the Solana ecosystem?
YLDS is an interest-bearing stablecoin issued by Figure, and its circulating supply increased from $328 million at the end of last year to $504 million. Public information shows that some of its business runs on the Solana network, but the financial report did not disclose the specific connection. Multiple mainstream exchanges such as Binance, OKX, Bitget, and Gate.io have listed related products.
### Why did total loan marketplace transaction volume mentioned in Figure's Q3 financial report surge 135%?
The financial report shows that total loan marketplace transaction volume surged 135% year-over-year to $5.8 billion. However, it did not disclose the specific reasons, which may be related to factors such as growing demand for tokenized loan products, increased institutional participation, or lower transaction costs on the Solana network.
### What impact does Figure's stock repurchase plan have on investors?
The board of directors approved an increase in the stock repurchase authorization from $200 million to $400 million. Buyback plans are usually seen as a sign of the company's confidence in its own value, but the specific impact on the stock price or investor returns needs to be analyzed in the context of market conditions.