CONVERTIBLE PREFERRED STOCK, CONVERTIBLE PREFERRED STOCK WARRANT LIABILITY AND COMMON STOCK - Additional Information (Details)
|
|
|
|
|
|
|
|
|
|
1 Months Ended |
12 Months Ended |
|
|
|
|
Jul. 29, 2025
USD ($)
shares
|
Jul. 21, 2020
shares
|
Dec. 23, 2019
shares
|
Sep. 20, 2017
USD ($)
$ / shares
shares
|
Feb. 27, 2017
$ / shares
shares
|
Nov. 17, 2016
$ / shares
|
Feb. 16, 2016 |
Jul. 16, 2014
USD ($)
shares
|
Jun. 18, 2014
$ / shares
shares
|
Apr. 30, 2015
USD ($)
$ / shares
shares
|
May 31, 2014
USD ($)
$ / shares
shares
|
Sep. 30, 2013
USD ($)
$ / shares
shares
|
Jan. 31, 2013
USD ($)
$ / shares
shares
|
Dec. 31, 2025
USD ($)
time
vote
$ / shares
shares
|
Dec. 31, 2024
USD ($)
$ / shares
shares
|
Dec. 31, 2023
USD ($)
shares
|
Dec. 31, 2022
shares
|
Dec. 31, 2016
shares
|
Dec. 16, 2016
$ / shares
shares
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock split conversion ratio |
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
| Common stock convertible ratio if preferred stock did not participate |
|
|
|
|
|
|
|
|
|
|
|
|
10
|
|
|
|
|
|
|
| Convertible preferred stock, authorized (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
444,760,848
|
444,760,848
|
|
|
|
|
| Shares authorized to be repurchased (in shares) |
|
|
7,221,020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dividends | $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0
|
|
|
|
|
|
| Aggregate fair value of warrants | $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 42,103,000
|
$ 46,208,000
|
$ 48,695,000
|
|
|
|
| Common and preferred stock, shares authorized (in shares) |
|
|
|
1,069,760,848
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock, authorized (in shares) |
|
|
|
625,000,000
|
|
|
|
|
|
|
|
|
|
625,000,000
|
625,000,000
|
|
|
|
|
| Common stock, par value (in dollars per share) | $ / shares |
|
|
|
$ 0.01
|
|
|
|
|
|
|
|
|
|
$ 0.01
|
$ 0.01
|
|
|
|
|
| Preferred stock, shares authorized |
|
|
|
|
|
|
|
|
|
|
|
|
|
444,760,848
|
|
|
|
|
|
| Preferred stock, par value (in dollars per share) | $ / shares |
|
|
|
$ 0.01
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock, issued (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
79,138,710
|
78,401,384
|
|
|
|
|
| Common stock, outstanding (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
78,202,775
|
77,465,449
|
|
|
|
|
| Voting rights per share | vote |
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
| Common Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock split conversion ratio |
|
|
|
|
|
|
5
|
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock, outstanding (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
83,380,010
|
82,642,684
|
82,102,629
|
79,465,150
|
|
|
| Exercise of stock options (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
737,326
|
540,055
|
|
|
|
|
| Cash proceeds | $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 47,000
|
$ 18,000
|
|
|
|
|
| Series F Warrant | Consortium Purchase Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant to purchase shares (in shares) |
|
|
|
|
177,720,706
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of warrants issued to the Consortium (in shares) |
|
|
|
|
3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares issued (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
69,340,760
|
|
|
|
|
|
|
| Convertible preferred stock, price per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.29
|
|
|
|
|
|
|
| Proceeds from issuance of convertible preferred stock | $ |
|
|
|
|
|
|
|
|
|
|
|
|
$ 19,800,000
|
|
|
|
|
|
|
| Stock issued during the period (in shares) |
|
|
2,130,035
|
|
|
|
|
782,540
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible preferred stock, authorized (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
68,558,220
|
|
|
|
|
|
| Conversion ratio of preferred stock into prosper common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
| Times the original issue | time |
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
|
|
|
| Liquidation preference per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.29
|
|
|
|
|
|
| Series A | Convertible Preferred Stock Held by Consolidated VIE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Repurchase of convertible preferred stock (in shares) |
|
34,670,420
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series A-1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares issued (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
25,585,910
|
|
|
|
|
|
|
| Convertible preferred stock, price per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.01
|
|
|
|
|
|
|
| Stock split conversion ratio |
|
|
|
|
|
|
|
|
|
|
|
|
1,000,000
|
|
|
|
|
|
|
| Liquidation preference per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
$ 2.00
|
|
|
|
|
|
|
| Stock issued during the period (in shares) |
|
|
2,245,600
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible preferred stock, authorized (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
24,760,915
|
|
|
|
|
|
| Percentage of holders of preferred stock required to request for conversion, minimum (at least) |
|
|
|
|
|
|
|
|
|
|
|
|
|
14.00%
|
|
|
|
|
|
| Conversion ratio of preferred stock into prosper common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,000,000
|
|
|
|
|
|
| Liquidation preference per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2.00
|
|
|
|
|
|
| Series B |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares issued (in shares) |
|
|
|
|
|
|
|
|
|
|
|
41,443,670
|
|
|
|
|
|
|
|
| Convertible preferred stock, price per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
$ 0.60
|
|
|
|
|
|
|
|
| Proceeds from issuance of convertible preferred stock | $ |
|
|
|
|
|
|
|
|
|
|
|
$ 24,900,000
|
|
|
|
|
|
|
|
| Stock issued during the period (in shares) |
|
|
648,720
|
|
|
|
|
5,667,790
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible preferred stock, authorized (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
35,775,880
|
|
|
|
|
|
| Value prior to closing of underwritten initial public offering (at least) | $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,000,000,000
|
|
|
|
|
|
| Aggregate proceeds to the entity before deducting underwriters commissions and expenses (at least) | $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 100,000,000
|
|
|
|
|
|
| Percentage of holders of preferred stock required to request for conversion, minimum (at least) |
|
|
|
|
|
|
|
|
|
|
|
|
|
60.00%
|
|
|
|
|
|
| Liquidation preference per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.60
|
|
|
|
|
|
| Series B | Convertible Preferred Stock Held by Consolidated VIE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Repurchase of convertible preferred stock (in shares) |
|
16,577,495
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series C |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares issued (in shares) |
|
|
|
|
|
|
|
|
|
|
24,404,770
|
|
|
|
|
|
|
|
|
| Convertible preferred stock, price per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
$ 2.87
|
|
|
|
|
|
|
|
|
| Proceeds from issuance of convertible preferred stock | $ |
|
|
|
|
|
|
|
|
|
|
$ 69,900,000
|
|
|
|
|
|
|
|
|
| Convertible preferred stock, authorized (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
24,404,770
|
|
|
|
|
|
| Liquidation preference per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2.87
|
|
|
|
|
|
| Series A and Series B Convertible Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares issued (in shares) |
|
|
|
|
|
|
|
|
6,963,785
|
|
|
|
|
|
|
|
|
|
|
| Convertible preferred stock, price per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
$ 2.87
|
|
|
|
|
|
|
|
|
|
|
| Repurchase of preferred stock | $ |
|
|
|
|
|
|
|
$ 18,500,000
|
|
|
|
|
|
|
|
|
|
|
|
| Series D |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares issued (in shares) |
|
|
|
|
|
|
|
|
|
23,888,640
|
|
|
|
|
|
|
|
|
|
| Convertible preferred stock, price per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
$ 6.91
|
|
|
|
|
|
|
|
|
|
| Proceeds from issuance of convertible preferred stock | $ |
|
|
|
|
|
|
|
|
|
$ 164,800,000
|
|
|
|
|
|
|
|
|
|
| Liquidation preference per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 6.91
|
|
|
|
|
|
| Series E |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible preferred stock, authorized (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
40,000,000
|
|
| Series E-1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible preferred stock, authorized (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
35,544,141
|
|
|
|
|
|
| Warrant to purchase shares (in shares) |
|
|
|
|
15,277,006
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,267,135
|
| Exercise of common stock warrants (in dollars per share) | $ / shares |
|
|
|
|
|
$ 0.01
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.01
|
| Liquidation preference per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.84
|
|
|
|
|
|
| Warrant expiration period |
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Change in fair value | $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ (6,000,000.0)
|
(7,100,000)
|
|
|
|
|
| Series E-1 Warrants |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant to purchase shares (in shares) |
|
|
|
|
15,277,006
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series F Convertible Preferred Stock warrants |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from issuance of convertible preferred stock | $ |
$ 500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible preferred stock, authorized (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
177,720,707
|
|
|
|
|
|
| Warrant to purchase shares (in shares) |
51,614,124
|
|
|
|
177,720,706
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercise of common stock warrants (in dollars per share) | $ / shares |
|
|
|
|
$ 0.01
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of holders of preferred stock required to request for conversion, minimum (at least) |
|
|
|
|
|
|
|
|
|
|
|
|
|
60.00%
|
|
|
|
|
|
| Percent of liquidation preference |
|
|
|
|
|
|
|
|
|
|
|
|
|
66.60%
|
|
|
|
|
|
| Liquidation rights after payment or payment set aside, percent of liquidation preference |
|
|
|
|
|
|
|
|
|
|
|
|
|
33.30%
|
|
|
|
|
|
| Liquidation preference per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.84
|
|
|
|
|
|
| Change in fair value | $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ (36,100,000)
|
$ (39,100,000)
|
|
|
|
|
| Class of warrant or right expiration period |
|
|
|
|
10 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate fair value of warrants | $ |
$ 73,300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fair value, liability, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income [Extensible Enumeration] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in Fair Value of Financial Instruments
|
Change in Fair Value of Financial Instruments
|
|
|
|
|
| Series G |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares issued (in shares) |
|
|
|
37,249,497
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible preferred stock, authorized (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
37,249,497
|
|
|
|
|
|
| Share price (in dollars per share) | $ / shares |
|
|
|
$ 1.34
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds net issuance cost | $ |
|
|
|
$ 47,900,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of holders of preferred stock required to request for conversion, minimum (at least) |
|
|
|
|
|
|
|
|
|
|
|
|
|
60.00%
|
|
|
|
|
|
| Conversion ratio of preferred stock into prosper common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
1.36
|
|
|
|
|
|
| Liquidation preference per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1.34
|
|
|
|
|
|
| Common Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock issued during the period (in shares) |
|
|
2,196,665
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series D |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible preferred stock, authorized (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
23,888,640
|
|
|
|
|
|
| Percentage of holders of preferred stock required to request for conversion, minimum (at least) |
|
|
|
|
|
|
|
|
|
|
|
|
|
60.00%
|
|
|
|
|
|
| Series E-1 And Series E-2 Convertible Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of holders of preferred stock required to request for conversion, minimum (at least) |
|
|
|
|
|
|
|
|
|
|
|
|
|
60.00%
|
|
|
|
|
|
| Series E-2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible preferred stock, authorized (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
16,858,078
|
|
|
|
|
|
| Percent of liquidation preference |
|
|
|
|
|
|
|
|
|
|
|
|
|
66.60%
|
|
|
|
|
|
| Liquidation rights after payment or payment set aside, percent of liquidation preference |
|
|
|
|
|
|
|
|
|
|
|
|
|
33.30%
|
|
|
|
|
|
| Liquidation preference per share (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.84
|
|
|
|
|
|