Onchain lender Figure nearly triples quarterly profits as loan marketplace volume surges to $4.3 billion
60-second summary
Figure, an onchain lender, nearly triples its quarterly profits, with net income surging 192% to $87 million from $30 million last year. The significant increase is driven by a substantial rise in loan marketplace volume, reaching $4.3 billion. This growth highlights Figure's expanding market share and increasing adoption in the digital lending space.
The company said its net income increased 192% to $87 million from $30 million during the same period a year ago.