v3.25.2
Balance Sheet Components (Tables)
 6 Months Ended
Jun. 30, 2025
Other Assets [Abstract]  
Schedule of Other Assets
Other assets consisted of the following:
December 31, 2024June 30, 2025
Line of credit receivable (at fair value)(1)
$56,269 $107,456 
Notes receivable and residual certificates (at fair value)(1)(3)
22,055 54,708 
Receivables48,233 44,682 
Loan servicing assets (at fair value)(1)
27,439 32,443 
Prepaid expenses28,830 26,950 
Other assets19,321 20,554 
Intangible assets, net(2)
9,431 8,860 
Deposits5,185 4,616 
Total other assets$216,763 $300,269 
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(1)Refer to “Note 5. Fair Value Measurement” for further information.
(2)Refer to “Note 6. Goodwill and Intangible Assets” for further information.
(3)Refer to “Note 8. Borrowings” for further information on securitization notes pledged as collateral as part of the risk retention financing facility.
Schedule of Property, Equipment, and Software
Property, equipment, and software, net consisted of the following:
December 31, 2024June 30, 2025
Internally developed software$68,481 $84,630 
Leasehold improvements15,069 15,138 
Computer and networking equipment6,069 6,115 
Furniture and fixtures4,795 4,795 
Total property, equipment, and software94,414 110,678 
Accumulated depreciation and amortization(55,401)(66,736)
Total property, equipment, and software, net$39,013 $43,942 
Schedule of Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consisted of the following:
December 31, 2024June 30, 2025
Accrued expenses$37,781 $40,394 
Accrued payroll64,514 34,081 
Accounts payable12,381 28,765 
Beneficial interest liabilities (at fair value)10,089 10,532 
Other liabilities3,241 6,245 
Trailing fee liability (at fair value)4,614 4,958 
Loan servicing liabilities (at fair value)1,180 1,750 
Total accrued expenses and other liabilities$133,800 $126,725