v3.26.1
Consolidated Balance Sheets - Prosper Funding LLC - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets:    
Cash and Cash Equivalents $ 46,755 $ 30,334
Restricted Cash [1],[2] 94,363 114,753
Borrower Loans, at Fair Value [1],[2] 309,737 461,785
Servicing Assets 17,402 13,718
Total Assets 740,087 877,030
Liabilities and Member's Equity:    
Accounts Payable and Accrued Liabilities 73,692 58,558
Payable to Investors 77,604 91,945
Notes, at Fair Value 243,900 283,030
Other Liabilities [1],[2] 34,778 33,749
Total Liabilities 884,695 1,061,348
Member's Equity:    
(Accumulated Deficit) Retained Earnings (679,913) (644,211)
Total Stockholders' Deficit (538,783) (504,685)
Total Liabilities, Convertible Preferred Stock and Stockholders' Deficit 740,087 877,030
Prosper Funding LLC    
Assets:    
Cash and Cash Equivalents 2,864 2,764
Restricted Cash 79,033 93,976
Borrower Loans, at Fair Value 245,337 285,578
Property and Equipment, Net 21,983 12,560
Servicing Assets 17,601 14,333
Other Assets 1,309 1,466
Total Assets 368,127 415,442
Liabilities and Member's Equity:    
Accounts Payable and Accrued Liabilities 26,858 18,703
Payable to Investors 77,971 93,018
Notes, at Fair Value 243,900 283,030
Other Liabilities 3,611 3,286
Total Liabilities 364,800 398,037
Member's Equity:    
Member's Equity 9,998 9,998
(Accumulated Deficit) Retained Earnings (6,671) 7,407
Total Stockholders' Deficit 3,327 17,405
Total Liabilities, Convertible Preferred Stock and Stockholders' Deficit 368,127 415,442
Prosper Funding LLC | Related Party    
Assets:    
Receivable from Related Party 0 4,765
Liabilities and Member's Equity:    
Payable to Related Party $ 12,460 $ 0
[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.