v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 3,401,020 $ 4,929,452
Restricted cash and restricted cash equivalents 360,231 427,321
Investment securities (includes available-for-sale securities of $3,048,360 and $2,454,453 at fair value with associated amortized cost of $3,043,774 and $2,434,627, as of March 31, 2026 and December 31, 2025, respectively) 3,231,227 2,575,607
Loans held for sale (includes $25.3 billion and $22.7 billion at fair value, as of March 31, 2026 and December 31, 2025, respectively) 25,454,796 22,862,749
Loans held for investment, at fair value 15,336,820 13,657,578
Loans held for investment, at amortized cost (less allowance for credit losses of $51,934 and $50,934, as of March 31, 2026 and December 31, 2025, respectively) 1,381,174 1,516,736
Servicing rights 367,902 378,178
Property, equipment and software 448,488 416,448
Goodwill 1,393,505 1,393,505
Intangible assets 215,087 231,919
Operating lease right-of-use assets 88,856 93,941
Other assets (less allowance for credit losses of $2,682 and $2,998, as of March 31, 2026 and December 31, 2025, respectively) 2,019,152 2,177,044
Total assets 53,698,258 50,660,478
Deposits:    
Interest-bearing deposits 40,119,699 37,387,350
Noninterest-bearing deposits 122,998 118,045
Total deposits 40,242,697 37,505,395
Accounts payable, accruals and other liabilities 729,265 743,716
Operating lease liabilities 100,707 106,190
Debt 1,813,481 1,815,162
Residual interests classified as debt 517 520
Total liabilities 42,886,667 40,170,983
Commitments, guarantees, concentrations and contingencies (Note 14)
Equity:    
Common stock, $0.00 par value: 3,100,000,000 and 3,100,000,000 shares authorized; 1,281,409,498 and 1,270,568,878 shares issued and outstanding, as of March 31, 2026 and December 31, 2025, respectively [1] 127 126
Additional paid-in capital 11,471,754 11,302,668
Accumulated other comprehensive income (loss) (2,743) 10,979
Accumulated deficit (657,547) (824,278)
Total equity 10,811,591 10,489,495
Total liabilities and equity 53,698,258 50,660,478
Variable Interest Entity, Primary Beneficiary    
Assets    
Restricted cash and restricted cash equivalents 2,051 2,099
Loans held for investment, at fair value 62,091 65,796
Total assets 64,142 67,895
Deposits:    
Accounts payable, accruals and other liabilities 8 95
Debt 50,891 54,107
Residual interests classified as debt 517 520
Total liabilities $ 51,416 $ 54,722
[1] Includes 100,000,000 non-voting common shares authorized and no non-voting common shares issued and outstanding as of March 31, 2026 and December 31, 2025. See Note 9. Equity for additional information.