v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reclassifications from Statement of Cash Flows (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities:      
Proceeds from loan sales, net of repurchases $ 6,617,808 $ 4,666,503 $ 3,255,155
Net cash provided by (used in) operating activities 62,568 (127,012) (33,352)
Investing activities:      
Purchases of digital assets (5,734) (11,558) (817)
Proceeds from sales of digital assets 11,347 3,279 0
Principal payments on marketable securities 63,907 15,347 3,882
Net cash used in investing activities (61,275) (37,445) (17,623)
Non-cash investing and financing activities:      
Marketable securities retained in securitization transactions $ (54,874) (116,335) (42,061)
As Reported      
Operating activities:      
Proceeds from loan sales, net of repurchases   4,782,838 3,297,216
Purchases of marketable securities   (141,557) (42,061)
Proceeds from sale of marketable securities   872 602
Principal payments on marketable securities   15,347 3,882
Net cash provided by (used in) operating activities   (136,015) (28,868)
Investing activities:      
Purchases of digital assets   (26,785)  
Proceeds from sales of digital assets   16,092  
Purchases of marketable securities   0 0
Proceeds from sale of marketable securities   0 0
Principal payments on marketable securities   0 0
Net cash used in investing activities   (30,856) (22,107)
Non-cash investing and financing activities:      
Marketable securities retained in securitization transactions   0 0
Adjustment      
Operating activities:      
Proceeds from loan sales, net of repurchases   (116,335) (42,061)
Purchases of marketable securities   141,557 42,061
Proceeds from sale of marketable securities   (872) (602)
Principal payments on marketable securities   (15,347) (3,882)
Net cash provided by (used in) operating activities   9,003 (4,484)
Investing activities:      
Purchases of digital assets   15,227  
Proceeds from sales of digital assets   (12,813)  
Purchases of marketable securities   (25,222) 0
Proceeds from sale of marketable securities   872 602
Principal payments on marketable securities   15,347 3,882
Net cash used in investing activities   (9,003) 4,484
Non-cash investing and financing activities:      
Marketable securities retained in securitization transactions   (116,335) (42,061)
As Corrected      
Operating activities:      
Proceeds from loan sales, net of repurchases   4,666,503 3,255,155
Purchases of marketable securities   0 0
Proceeds from sale of marketable securities   0 0
Principal payments on marketable securities   0 0
Net cash provided by (used in) operating activities   (127,012) (33,352)
Investing activities:      
Purchases of digital assets   (11,558)  
Proceeds from sales of digital assets   3,279  
Purchases of marketable securities   (25,222) 0
Proceeds from sale of marketable securities   872 602
Principal payments on marketable securities   15,347 3,882
Net cash used in investing activities   (39,859) (17,623)
Non-cash investing and financing activities:      
Marketable securities retained in securitization transactions   $ (116,335) $ (42,061)