$FIGR

Worth the wait to check out the sightlines of this yacht ⛴️ $FIGR +4% after hours to $40+ Revenue: $167M vs. $159.5M est (beat) Adj. EBITDA: $82.7M vs. $80.2M est (beat) EPS: $0.18 vs. $0.23 cons (miss) Details --> --- >Net take-rate flat sequentially at 3.8% (+20bps y/y) despite two growing products that generate less revenue per dollar of volume (Figure Connect and first-lien) both taking more share. >Figure Connect hit 56% of marketplace volume (vs. 54% last quarter); first-lien reached 20% of production. (Figure Connect is the exchange business: third-party lenders originate, Figure runs the marketplace and clips a fee. No balance sheet. Take-rate holding through that mix shift is consistent with an emerging moat. ~80% contribution margins. Lower revenue per loan, almost pure pr