SIGNIFICANT CONCENTRATIONS |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Entity Information [Line Items] | |
| SIGNIFICANT CONCENTRATIONS | SIGNIFICANT CONCENTRATIONS Prosper is dependent on third party funding sources such as banks, credit unions, asset managers, investment funds and insurance companies to provide the funds to allow WebBank to originate Borrower Loans that the third party funding sources will later purchase. Of all Borrower Loans originated in the year ended December 31, 2025, three individual third parties purchased 21.0%, 14.4%, and 11.6% of all Borrower Loans originated. For the year ended December 31, 2024, three individual parties purchased 23.7%, 15.8% and 13.2% of all Borrower Loans originated. These purchases indicate that a significant portion of Prosper’s business is dependent on funding through the Whole Loan Channel, through which 94% and 92% of Borrower Loans were originated in the years ended December 31, 2025 and 2024, respectively. Prosper receives all of its personal loan transaction fee revenue from WebBank for its services in facilitating originations of Borrower Loans issued by WebBank. The rate of the transaction fee for each individual Borrower Loan is based on the term and credit grade of the Borrower Loan and currently ranges from 1.00% to 9.99% for newly originated loans. No individual borrower or investor accounted for 10% or more of consolidated net revenue for any of the periods presented.
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| Prosper Funding LLC | |
| Entity Information [Line Items] | |
| SIGNIFICANT CONCENTRATIONS | SIGNIFICANT CONCENTRATIONS PFL is dependent on third party funding sources such as banks, asset managers, and insurance companies to provide the funds to allow WebBank to originate Borrower Loans that the third party funding sources will later purchase. Of all Borrower Loans originated in the year ended December 31, 2025, three individual third parties purchased 21.0%, 14.4%, and 11.6% of such loans. For the year ended December 31, 2024, three individual third parties purchased 23.7%, 15.8% and 13.2% of such loans. These purchases indicate that a significant portion of PFL’s business is dependent on funding through the Whole Loan Channel, through which 94% and 92% of Borrower Loans were originated in the years ended December 31, 2025 and 2024, respectively. Prosper receives all of its personal loan transaction fee revenue from WebBank for its services in facilitating originations of Borrower Loans issued by WebBank. The rate of the transaction fee for each individual Borrower Loan is based on the term and credit grade of the Borrower Loan and currently ranges from 1.00% to 9.99% for newly originated loans. No individual borrower or investor accounted for 10% or more of consolidated net revenue for any of the periods presented.
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