Kiavi Funding Inc. (FIGR) Earnings Call Transcripts

Kiavi Funding Inc.'s Latest Earnings Call - June 10, 2026

In the second quarter of fiscal year 2026, Kiavi Funding Inc. announced a strategic acquisition of Kiavi, a leading player in the investor mortgage technology space, for $538 million. This acquisition is expected to significantly enhance Figure's marketplace, adding approximately $7 billion in annual volume and driving monthly democratized prime volume by $100 million to $200 million. Management reaffirmed their medium-term adjusted EBITDA margin target of 60%, signaling strong financial discipline and growth potential post-acquisition.

Reported metrics

Guidance from management

Management reaffirmed their medium-term adjusted EBITDA margin target of 60% and expects the acquisition to be immediately accretive to EBITDA post-close, with strong EPS accretion for full year 2027.

What management said

Two benefits to the transaction here. One is that Sixth Street has committed to buying a large portion of the assets that Kiavi originates for a period of time that extends over a year. So as I mentioned earlier, it was very purposeful to kind of -- if you think about how we build out marketplaces in the past, we usually secure one side of that and then focus on the other. And so here, we believe the funding side is ...

I can start and have Macrina share more details. But the -- one of the advantages of the way that we've structured this transaction is that the legacy approach, as Macrina was mentioning, won't be the way that the financials present when the company comes to Figure because we've been very specific to start the marketplace model day 1. So you'll see in some ways, a reduction, as Macrina mentioned, of interest income a...

What analysts pressed on

Analysts expressed concerns regarding the integration of Kiavi's technology and the potential impact on growth rates. Questions were raised about the competitive landscape and how Figure plans to leverage Kiavi's existing partnerships to drive revenue synergies.

Main topics on the call

• Strategic Acquisition of Kiavi — Figure's acquisition of Kiavi is a pivotal move to enhance their blockchain-based capital markets. CEO Michael Tannenbaum stated, "This transaction accelerates that goal by bringing adjacent important asset class into Fi...
• Volume Growth Expectations — Management anticipates adding $7 billion of annual volume from Kiavi's products, with expectations of $100 million to $200 million in monthly democratized prime volume. Tannenbaum noted, "We expect this transaction to ad...
• First Lien Business Expansion — Figure aims to grow its first lien business, which is projected to reach 40% of total consumer loan marketplace volume by year-end 2027. Tannenbaum remarked, "We declared 2026 the year of the first lien and Figure has gr...
• Financial Discipline and Margin Guidance — Management reaffirmed a medium-term adjusted EBITDA margin target of 60%, emphasizing the acquisition's financial benefits. CFO Macrina Kgil stated, "This transaction redoubles on those commitments, and we maintain our m...

Read the full Kiavi Funding Inc. transcript (June 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 11 Kiavi Funding Inc. earnings call transcripts on record, spanning October 23, 2025 to June 10, 2026. Based on this history, Kiavi Funding Inc. reports quarterly. The most recent call on file is dated June 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FIGR

Exchange

NasdaqGS

Country

US

Sector

Financials

Industry

Consumer Finance

Calls on record

11

First call

October 23, 2025

Most recent

June 10, 2026

Reporting cadence

quarterly