
	Year Ended December 31, 2025
	Personal Loan		Credit Card		Total
Total Net Revenue	$	192,197	$	20,352	$	212,549
Impact of interest rates on fair value of loans held in consolidated trusts	21		—		21
Segment Adjusted Net Revenue	$	192,218	$	20,352	$	212,570

Less: Segment Operating Expenses (1)
Compensation and Benefits (2)	69,395		10,428		79,823
Marketing and Advertising	45,998		8,825		54,823
Transaction Costs	7,756		11,611		19,367
Other Expenses (3)	28,316		827		29,143
Segment Adjusted EBITDA	40,753		$	(11,339)	$	29,414
Depreciation expense:
Origination and Servicing					(11,292)
General and Administrative - Other					(836)
Stock-based compensation					(1,307)
Change in Fair Value of Convertible Preferred Stock Warrants					(42,103)
Impact of interest rates on fair value of loans held in consolidated trusts					(21)
Interest income on cash and cash equivalents					2,942
Interest Expense on Term Loans					(12,331)
Net Loss Before Income Taxes					$	(35,534)

Interest Income (Expense) Included in Segment Adjusted EBITDA
Interest Income on Financial Instruments	$	57,032	$	24,872	$	81,904
Interest Expense on Financial Instruments	(51,689)		(8,081)		(59,770)
Total Interest Income, Net Included in Segment Adjusted EBITDA	$	5,343	$	16,791	$	22,134
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. These amounts exclude items that are adjusted out of Net Income (Loss) for the purposes of calculating Adjusted EBITDA.
(2) Compensation and Benefits includes costs related to certain outsourced headcount in operations.
(3) Other Expenses include, but are not limited to, costs related to professional services, insurance, facilities, software licenses, Cloud platform, and outsourced services in engineering and marketing.


	Year Ended December 31, 2024
	Personal Loan		Credit Card		Total
Total Net Revenue	$	146,016	$	27,339	$	173,355
Impact of interest rates on fair value of loans held in consolidated trusts	1,386		—		1,386
Accelerated amortization of PWIT debt issuance costs	733		—		733
Segment Adjusted Net Revenue	$	148,135	$	27,339	$	175,474

Less: Segment Operating Expenses (1)
Compensation and Benefits (2)	57,295		8,579		65,874
Marketing and Advertising	35,501		7,479		42,980
Transaction Costs	7,667		14,036		21,703
Other Expenses (3)	27,463		393		27,856
Segment Adjusted EBITDA	20,209		$	(3,148)	$	17,061
Depreciation expense:
Origination and Servicing					(9,199)
General and Administrative - Other					(1,532)
Amortization of intangibles					(85)
Stock-based compensation					(1,616)
Change in Fair Value of Convertible Preferred Stock Warrants					(46,208)
Impairment of long-lived assets					(463)
Impact of interest rates on fair value of loans held in consolidated trusts					(1,386)
Interest income on cash and cash equivalents					3,322
Interest Expense on Term Loan					(13,124)
Accelerated amortization of PWIT debt issuance costs					(733)
Net Loss Before Income Taxes					$	(53,963)

Interest Income (Expense) Included in Segment Adjusted EBITDA
Interest Income on Borrower Loans and Loans Held for Sale	$	84,968	$	4,881	$	89,849
Interest Expense on Financial Instruments	(72,509)		(1,317)		(73,826)
Accelerated amortization of PWIT debt issuance costs	733		—		733
Total Interest Income, Net Included in Segment Adjusted EBITDA	$	13,192	$	3,564	$	16,756
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. These amounts exclude items that are adjusted out of Net Income (Loss) for the purposes of calculating Adjusted EBITDA.
(2) Compensation and Benefits includes costs related to certain outsourced headcount in operations.
(3) Other Expenses include, but are not limited to, costs related to professional services, insurance, facilities, software licenses, Cloud platform, and outsourced services in engineering and marketing.


	Year Ended December 31, 2023
	Personal Loan		Credit Card		Total
Total Net Revenue	$	102,796	$	34,904	$	137,700
Impact of interest rates on fair value of loans held in consolidated trusts	2,629		—		2,629
Accelerated amortization of PWIIT debt issuance costs	1,880		—		1,880
Segment Adjusted Net Revenue	$	107,305	$	34,904	$	142,209

Less: Segment Operating Expenses (1)
Compensation and Benefits (2)	73,798		9,868		83,666
Marketing and Advertising	32,930		12,209		45,139
Transaction Costs	7,103		8,114		15,217
Other Expenses (3)	27,984		831		28,815
Segment Adjusted EBITDA	$	(34,510)	$	3,882	$	(30,628)
Depreciation expense:
Origination and Servicing					(8,774)
General and Administrative					(2,108)
Amortization of intangibles					(107)
Stock-based compensation					(1,575)
Change in Fair Value of Convertible Preferred Stock Warrants					(48,695)
Interest Expense on Term Loan					(12,265)
Impairment of operating lease right-of-use assets					(196)
Interest income on cash and cash equivalents					2,473
Impact of interest rates on fair value of loans held in consolidated trusts					(2,629)
Accelerated amortization of PWIIT debt issuance costs					(1,880)
Net Income Before Income Taxes					$	(106,384)

Interest Income (Expense) Included in Segment Adjusted EBITDA
Interest Income on Borrower Loans and Loans Held for Sale	$	115,663	$	—	$	115,663
Interest Expense on Financial Instruments	(91,983)		—		(91,983)
Accelerated amortization of PWIIT debt issuance costs	1,880		—		1,880
Total Interest Income, Net Included in Segment Adjusted EBITDA	$	25,560	$	—	$	25,560
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. These amounts exclude items that are adjusted out of Net Income (Loss) for the purposes of calculating Adjusted EBITDA.
(2) Compensation and Benefits includes costs related to certain outsourced headcount in operations.
(3) Other Expenses include, but are not limited to, costs related to professional services, insurance, facilities, software licenses, Cloud platform, and outsourced services in engineering and marketing.