ExtraCash receivables, net, represent outstanding ExtraCash originations, processing fees, tips and overdraft service fees, less an allowance for credit losses.

Below is a detail of ExtraCash receivables, net as of March 31, 2026 (in thousands):


Days From Origination	Gross ExtraCash Receivables		Allowance for Credit Losses			ExtraCash Receivables, Net
1-10	$	210,249	$	(2,998	)	$	207,251
11-30		74,119		(11,573	)		62,546
31-60		13,504		(8,261	)		5,243
61-90		9,574		(7,210	)		2,364
91-120		9,731		(7,991	)		1,740
Total	$	317,177	$	(38,033	)	$	279,144

Below is a detail of ExtraCash receivables, net as of December 31, 2025 (in thousands):


Days From Origination	Gross ExtraCash Receivables		Allowance for Credit Losses			ExtraCash Receivables, Net
1-10	$	242,091	$	(3,006	)	$	239,085
11-30		56,897		(8,851	)		48,046
31-60		13,093		(7,942	)		5,151
61-90		11,893		(8,888	)		3,005
91-120		10,974		(8,954	)		2,020
Total	$	334,948	$	(37,641	)	$	297,307

The roll-forward of the allowance for credit losses is as follows (in thousands):


Opening allowance balance at January 1, 2026	$	37,641
Plus: provision for credit losses		26,586
Plus: amounts recovered		5,226
Less: amounts written-off		(31,420	)
Ending allowance balance at March 31, 2026	$	38,033

Opening allowance balance at January 1, 2025	$	22,703
Plus: provision for credit losses		10,603
Plus: amounts recovered		3,707
Less: amounts written-off		(16,938	)
Ending allowance balance at March 31, 2025	$	20,075

The provision for credit losses for the three months ended March 31, 2026 increased compared to the three months ended March 31, 2025, primarily due to ExtraCash origination volume growth to approximately $2.1 billion from $1.5 billion, driven by strong Member demand and platform expansion. Credit performance during the period remained steady and consistent with expectations given portfolio maturation, growth dynamics, and the Company's strategic emphasis on gross profit optimization.