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FIGRBullishCorporate Developmentsnews
High materiality8/10

Figure Reports Strong September Metrics as Kiavi Merger Adds to Q3 Results

Oct 6, 2026, 7:52 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

The Kiavi merger and inclusion of its volumes in Q3 results could lift reported performance, potentially driving a re-rating if synergies materialize; near-term price sensitivity to the November results and any beat versus high-end guidance.

AI summary

What happened, with direct paths to the underlying reporting

Figure reported September operating data at the high end of its guidance, excluding Kiavi volumes. September Consumer Loan Marketplace Volume rose 9% MoM to $1.783B, with Q3 volume at $5.119B, up 20% QoQ. With Kiavi’s merger closing on Sept 1, 2026, post-merger volumes will be included in November results, potentially boosting near-term earnings and multiple expansion.

  • Kiavi merger closed Sept 1, 2026; post-merger volumes to be included in Q3 results.
  • September 2026 Consumer Loan Marketplace Volume: $1,783M, up 9% MoM.
  • Q3 2026 Consumer Loan Marketplace Volume: $5,119M, up 20% QoQ.
  • YLDS in Circulation: $504M; Democratized Prime balance $588M; borrower demand $600M.
  • Kiavi volumes to be reconciled in November Q3 results; potential upside to guidance.

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