v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue    
Rental revenue $ 287,161 $ 243,978
Other revenue 4,600 3,216
Total revenue 291,761 247,194
Cost of revenue 240,158 201,423
Gross profit 51,603 45,771
Operating expenses:    
Servicing costs 4,710 4,589
Underwriting fees 3,204 2,304
Professional and consulting fees 8,167 5,201
Technology and data analytics 6,113 7,170
Compensation costs 17,867 20,076
General and administrative 11,242 10,866
Litigation and settlement expenses 813 3,666
Total operating expenses 52,116 53,872
Loss from operations (513) (8,101)
Gain on extinguishment of term loan and settlement of derivative liability, net 5,120 0
Interest expense and other fees (20,552) (18,851)
Interest income 197 1,163
Change in fair value of derivative liability and warrants 17,432 17
Income (loss) before income taxes 1,684 (25,772)
Provision for income taxes (319) (143)
Net income (loss) 1,365 (25,915)
Accumulated undeclared dividends (1,922) 0
Net loss attributable to common stockholders $ (557) $ (25,915)
Weighted average common shares outstanding - basic (in shares) 5,027,000 4,347,000
Weighted average common shares outstanding - diluted (in shares) 5,027,000 4,347,000
Net loss per common share - basic (in dollars per share) $ (0.11) $ (5.96)
Net loss per common share - diluted (in dollars per share) $ (0.11) $ (5.96)