$87 million — that's Figure's net profit for the latest quarter. A year ago, the same line item read $30 million. A 192% year-over-year increase works out to nearly triple.
Behind that number is Figure's loan marketplace volume: $4.3 billion. This is a company that's moved lending on-chain, and with both transaction volume and net profit climbing together, the message is the same one — as volume scales up, profit scales up right along with it.
The Block's report didn't disclose further operational details, including the composition of that $4.3 billion in volume, the breakdown of loan types, or the cost structure behind the profit growth. For now, these two figures are all that's confirmed.
