v3.26.1
FAIR VALUE OF ASSETS AND LIABILITIES - Fair Value Hierarchy (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets:    
Borrower Loans, at Fair Value [1],[2] $ 309,737 $ 461,785
Receivable from Credit Card Partner, at Fair Value (Note 5 and 7) [1],[2] 99,865 104,153
Servicing Assets 17,402 13,718
Credit Card Derivative (Note 5) 48,290 38,739
Total Assets 475,294 618,395
Liabilities:    
Notes, at Fair Value 243,900 283,030
Convertible Preferred Stock Warrant Liability (Note 13) 230,060 261,249
Loan Trailing Fee Liability (Note 10) 3,328 3,004
Credit Card servicing obligation liability (Note 5) 9,276 8,947
Total Liabilities 486,564 556,230
Prosper Funding LLC    
Assets:    
Borrower Loans, at Fair Value 245,337 285,578
Servicing Assets 17,601 14,333
Total Assets 262,938 299,911
Liabilities:    
Notes, at Fair Value 243,900 283,030
Loan Trailing Fee Liability (Note 10) 3,328 3,004
Total Liabilities 247,228 286,034
Level 1 Inputs    
Assets:    
Borrower Loans, at Fair Value 0 0
Receivable from Credit Card Partner, at Fair Value (Note 5 and 7) 0 0
Servicing Assets 0 0
Credit Card Derivative (Note 5) 0 0
Total Assets 0 0
Liabilities:    
Notes, at Fair Value 0 0
Convertible Preferred Stock Warrant Liability (Note 13) 0 0
Loan Trailing Fee Liability (Note 10) 0 0
Credit Card servicing obligation liability (Note 5) 0 0
Total Liabilities 0 0
Level 1 Inputs | Prosper Funding LLC    
Assets:    
Borrower Loans, at Fair Value 0 0
Servicing Assets 0 0
Total Assets 0 0
Liabilities:    
Notes, at Fair Value 0 0
Loan Trailing Fee Liability (Note 10) 0 0
Total Liabilities 0 0
Level 2 Inputs    
Assets:    
Borrower Loans, at Fair Value 0 0
Receivable from Credit Card Partner, at Fair Value (Note 5 and 7) 0 0
Servicing Assets 0 0
Credit Card Derivative (Note 5) 0 0
Total Assets 0 0
Liabilities:    
Notes, at Fair Value 0 0
Convertible Preferred Stock Warrant Liability (Note 13) 0 0
Loan Trailing Fee Liability (Note 10) 0 0
Credit Card servicing obligation liability (Note 5) 0 0
Total Liabilities 0 0
Level 2 Inputs | Prosper Funding LLC    
Assets:    
Borrower Loans, at Fair Value 0 0
Servicing Assets 0 0
Total Assets 0 0
Liabilities:    
Notes, at Fair Value 0 0
Loan Trailing Fee Liability (Note 10) 0 0
Total Liabilities 0 0
Level 3 Inputs    
Assets:    
Borrower Loans, at Fair Value 309,737 461,785
Receivable from Credit Card Partner, at Fair Value (Note 5 and 7) 99,865 104,153
Servicing Assets 17,402 13,718
Credit Card Derivative (Note 5) 48,290 38,739
Total Assets 475,294 618,395
Liabilities:    
Notes, at Fair Value 243,900 283,030
Convertible Preferred Stock Warrant Liability (Note 13) 230,060 261,249
Loan Trailing Fee Liability (Note 10) 3,328 3,004
Credit Card servicing obligation liability (Note 5) 9,276 8,947
Total Liabilities 486,564 556,230
Level 3 Inputs | Prosper Funding LLC    
Assets:    
Borrower Loans, at Fair Value 245,337 285,578
Servicing Assets 17,601 14,333
Total Assets 262,938 299,911
Liabilities:    
Notes, at Fair Value 243,900 283,030
Loan Trailing Fee Liability (Note 10) 3,328 3,004
Total Liabilities $ 247,228 $ 286,034
[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.