ExtraCash receivables, net, represent outstanding ExtraCash originations, processing fees, tips and service fees, net of direct origination costs, less an allowance for credit losses.

Below is a detail of ExtraCash receivables, net as of June 30, 2025 (in thousands):


Days From Origination	Gross ExtraCash Receivables		Allowance for Credit Losses			ExtraCash Receivables, Net
1-10	$	180,575	$	(2,473	)	$	178,102
11-30		46,553		(7,992	)		38,561
31-60		14,061		(8,688	)		5,373
61-90		9,756		(7,413	)		2,343
91-120		7,234		(5,951	)		1,283
Total	$	258,179	$	(32,517	)	$	225,662

Below is a detail of ExtraCash receivables, net as of December 31, 2024 (in thousands):


Days From Origination	Gross ExtraCash Receivables		Allowance for Credit Losses			ExtraCash Receivables, Net
1-10	$	142,623	$	(2,112	)	$	140,511
11-30		36,198		(6,223	)		29,975
31-60		7,882		(4,937	)		2,945
61-90		6,140		(4,712	)		1,428
91-120		5,717		(4,719	)		998
Total	$	198,560	$	(22,703	)	$	175,857

The roll-forward of the allowance for credit losses is as follows (in thousands):


Opening allowance balance at January 1, 2025	$	22,703
Plus: provision for credit losses		35,898
Plus: amounts recovered		7,860
Less: amounts written-off		(33,944	)
Ending allowance balance at June 30, 2025	$	32,517

Opening allowance balance at January 1, 2024	$	20,310
Plus: provision for credit losses		24,308
Plus: amounts recovered		5,778
Less: amounts written-off		(29,903	)
Ending allowance balance at June 30, 2024	$	20,493

The provision for credit losses for the six months ended June 30, 2025 was higher compared to the period ended June 30, 2024, due primarily to an increase of ExtraCash origination volume from approximately $2.24 billion for the six months ended June 30, 2024 compared to $3.32 billion for the period ended June 30, 2025, despite improved collections performance throughout the year. The increase in amounts written-off for the six months ended June 30, 2025 compared to period ended June 30, 2024 was also primarily a result of the increase in ExtraCash origination volume, offset by improved collections performance period over period.