v3.26.1
Consolidated Statements of Cash Flows - Prosper Funding LLC - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:      
Net Loss $ (35,702) $ (54,079) $ (106,462)
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:      
Change in Fair Value of Financial Instruments, Net 27,926 21,739 22,910
Gain on Sale of Borrower Loans (13,608) (10,997) (9,239)
Depreciation and Amortization 12,128 10,816 10,989
Changes in Operating Assets and Liabilities:      
Purchase of Loans Held for Sale, at Fair Value (2,487,702) (2,054,646) (1,921,129)
Proceeds from Sales of Loans Held for Sale, at Fair Value 2,589,232 2,235,519 1,989,170
Accounts Payable and Accrued Liabilities 15,095 16,595 3,382
Payable to Investors (14,342) 5,214 1,420
Other Liabilities 697 (868) 1,537
Net Cash (Used in) Provided by Operating Activities 134,341 219,951 47,845
Cash Flows from Investing Activities:      
Purchase of Borrower Loans, at Fair Value (164,625) (186,073) (232,306)
Proceeds from Sales and Principal Payments of Borrower Loans, at Fair Value 184,864 196,567 191,077
Purchases of Property and Equipment (14,789) (15,258) (15,722)
Net Cash Provided by (Used in) Investing Activities (7,420) (99,040) (56,951)
Cash Flows from Financing Activities:      
Proceeds from Issuance of Notes, at Fair Value 163,892 184,200 231,520
Payments of Notes, at Fair Value (183,753) (195,169) (188,670)
Net Cash (Used in) Provided by Financing Activities (130,890) (131,092) (32,235)
Net Decrease in Cash, Cash Equivalents and Restricted Cash (3,969) (10,181) (41,341)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 145,087 155,268 196,609
Cash, Cash Equivalents and Restricted Cash at End of the Period 141,118 145,087 155,268
Supplemental Disclosure of Cash Flow Information:      
Cash Paid for Interest 73,841 84,461 97,431
Non-Cash Investing Activity - Accrual for Property and Equipment, Net 2,587 2,525 1,468
Reconciliation to Amounts on Consolidated Balance Sheets:      
Cash and Cash Equivalents 46,755 30,334 34,970
Restricted Cash 94,363 [1],[2] 114,753 [1],[2] 120,298
Total Cash, Cash Equivalents and Restricted Cash 141,118 145,087 155,268
Prosper Funding LLC      
Cash Flows from Operating Activities:      
Net Loss (14,078) (10,944) (2,066)
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:      
Change in Fair Value of Financial Instruments, Net 741 1,909 (118)
Other Non-Cash Changes in Borrower Loans, Loans Held for Sale and Notes (7) (2) 98
Gain on Sale of Borrower Loans (13,608) (10,996) (10,151)
Change in Fair Value of Servicing Rights 10,340 10,481 11,193
Depreciation and Amortization 7,955 6,765 6,268
Changes in Operating Assets and Liabilities:      
Purchase of Loans Held for Sale, at Fair Value (2,487,702) (2,054,646) (1,921,129)
Proceeds from Sales of Loans Held for Sale, at Fair Value 2,487,702 2,054,646 1,921,129
Other Assets 157 (1,290) (92)
Accounts Payable and Accrued Liabilities 8,155 10,582 3,545
Payable to Investors (15,047) 4,647 1,444
Net Related Party Receivable/Payable 8,857 (3,472) (6,259)
Other Liabilities 325 (125) (198)
Net Cash (Used in) Provided by Operating Activities (6,210) 7,555 3,664
Cash Flows from Investing Activities:      
Purchase of Borrower Loans, at Fair Value (164,625) (186,073) (232,306)
Proceeds from Sales and Principal Payments of Borrower Loans, at Fair Value 184,863 196,567 191,079
Purchases of Property and Equipment (9,010) (7,379) (6,097)
Net Cash Provided by (Used in) Investing Activities 11,228 3,115 (47,324)
Cash Flows from Financing Activities:      
Proceeds from Issuance of Notes, at Fair Value 163,892 184,200 231,520
Payments of Notes, at Fair Value (183,753) (195,169) (188,670)
Net Cash (Used in) Provided by Financing Activities (19,861) (10,969) 42,850
Net Decrease in Cash, Cash Equivalents and Restricted Cash (14,843) (299) (810)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 96,740 97,039 97,849
Cash, Cash Equivalents and Restricted Cash at End of the Period 81,897 96,740 97,039
Supplemental Disclosure of Cash Flow Information:      
Cash Paid for Interest 40,521 47,459 47,758
Non-Cash Investing Activity - Accrual for Property and Equipment, Net 10,794 2,426 2,121
Non-Cash Financing Activity - Contribution of Borrower Loans by Parent (Note 4) 0 1,634 2,010
Reconciliation to Amounts on Consolidated Balance Sheets:      
Cash and Cash Equivalents 2,864 2,764 3,351
Restricted Cash 79,033 93,976 93,688
Total Cash, Cash Equivalents and Restricted Cash $ 81,897 $ 96,740 $ 97,039
[1]
The following table presents the assets and liabilities of consolidated variable interest entities (“VIEs”), which are included in the Consolidated Balance Sheets above. The assets in the table below may only be used to settle obligations of consolidated VIEs and are in excess of those obligations. Additionally, the assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs only and exclude intercompany balances that eliminate in consolidation. Refer to Note 7, Securitizations, and Note 11, Debt, to the notes to the consolidated financial statements for additional information.

December 31,
20252024
Assets of consolidated VIEs, included in total assets above:
Restricted Cash$11,892 $17,961 
Accounts Receivable1,376 1,019 
Borrower Loans, at Fair Value64,400 176,208 
Receivable from Credit Card Partner, at Fair Value99,865 104,153 
Total assets of consolidated VIEs$177,533 $299,341 
Liabilities of consolidated VIEs, included in total liabilities above:
Notes Issued by Securitization Trusts$149,902 $258,960 
Other Liabilities2,163 1,570 
Total liabilities of consolidated VIEs$152,065 $260,530 
[2] (1) Includes amounts in consolidated variable interest entities presented separately in the table below.