v3.26.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Revenues:      
Loss on Sale of Borrower Loans $ (55,212,000) $ (45,316,000) $ (12,380,000)
Total Operating Revenues 218,341,000 179,071,000 136,930,000
Interest Income (Expense):      
Interest Income on Financial Instruments 81,904,000 89,849,000 115,663,000
Interest Expense on Financial Instruments (59,770,000) (73,826,000) (91,983,000)
Total Interest Income, Net 22,134,000 16,023,000 23,680,000
Change in Fair Value of Financial Instruments (27,926,000) (21,739,000) (22,910,000)
Total Net Revenue 212,549,000 173,355,000 137,700,000
Expenses:      
Origination and Servicing 48,490,000 47,628,000 46,669,000
Sales and Marketing 60,513,000 50,638,000 53,585,000
General and Administrative 88,076,000 73,472,000 85,533,000
Change in Fair Value of Convertible Preferred Stock Warrants 42,103,000 46,208,000 48,695,000
Impairment of Right-of-Use Lease Assets 0 0 196,000
Interest Expense on Term Loans 12,331,000 13,124,000 12,265,000
Other Income, Net (3,430,000) (3,752,000) (2,859,000)
Total Expenses 248,083,000 227,318,000 244,084,000
Net Loss Before Income Taxes (35,534,000) (53,963,000) (106,384,000)
Income Tax Expense (168,000) (116,000) (78,000)
Net Loss $ (35,702,000) $ (54,079,000) $ (106,462,000)
Net Loss Per Share – Basic (in dollars per share) $ (0.46) $ (0.70) $ (1.40)
Net Loss Per Share – Diluted (in dollars per share) $ (0.46) $ (0.70) $ (1.40)
Weighted-Average Shares – Basic (in shares) 77,860,750 77,226,337 76,092,569
Weighted-Average Shares – Diluted (in shares) 77,860,750 77,226,337 76,092,569
Transaction Fees, Net      
Operating Revenues:      
Revenues $ 233,385,000 $ 193,588,000 $ 127,838,000
Servicing Fees, Net      
Operating Revenues:      
Revenues 30,853,000 23,026,000 15,364,000
Other Revenues      
Operating Revenues:      
Revenues $ 9,315,000 $ 7,773,000 $ 6,108,000