v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues:        
Revenues $ 131,757 $ 80,117 $ 239,736 $ 153,747
Operating expenses:        
Provision for credit losses 25,295 14,365 35,898 24,308
Processing and servicing costs 7,170 7,499 14,157 14,953
Financial network and transaction costs 7,227 6,495 14,266 12,850
Advertising and activation costs 15,456 12,883 27,386 23,820
Compensation and benefits 26,430 24,245 53,681 48,580
Technology and infrastructure 2,894 2,809 5,620 5,504
Other operating expenses 6,203 6,152 12,497 12,664
Total operating expenses 90,675 74,448 163,505 142,679
Other (income) expenses:        
Interest income (588) (537) (1,019) (2,032)
Interest expense 1,777 1,965 3,535 4,182
Gain on extinguishment of convertible debt     0 (33,442)
Changes in fair value of earnout liabilities 7,894 (63) 7,496 133
Changes in fair value of public and private warrant liabilities 20,491 (272) 20,843 205
Total other expense (income), net 29,574 1,093 30,855 (30,954)
Net income before provision (benefit) for income taxes 11,508 4,576 45,376 42,022
Provision (benefit) for income taxes 2,468 (1,782) 7,524 1,421
Net income $ 9,040 $ 6,358 $ 37,852 $ 40,601
Net income per share:        
Basic $ 0.68 $ 0.51 $ 2.86 $ 3.3
Diluted $ 0.62 $ 0.47 $ 2.61 $ 3.02
Weighted-average shares used to compute net income per share        
Basic 13,364,926 12,416,524 13,246,266 12,318,365
Diluted 14,554,218 13,543,648 14,475,435 13,433,461
Service based revenue, net [Member]        
Operating revenues:        
Revenues $ 121,593 $ 71,651 $ 219,444 $ 137,213
Transaction based revenue, net [Member]        
Operating revenues:        
Revenues $ 10,164 $ 8,466 $ 20,292 $ 16,534