v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue    
Interest and rental income ($12 million and $19 million from equity method investees, respectively) $ 82,689 $ 66,477
Gain on sale of assets 22,752 18,668
Management fees and retained interest income 9,731 6,999
Origination fee and other income 9,054 4,797
Total revenue 124,226 96,941
Expenses    
Interest expense 99,275 64,677
Provision (benefit) for loss on receivables and retained interests in securitization trusts 4,541 3,812
Compensation and benefits 35,505 24,980
General and administrative 10,166 9,378
Total expenses 149,487 102,847
Income (loss) before equity method investments (25,261) (5,906)
Income (loss) from equity method investments (79,258) 87,989
Income (loss) before income taxes (104,519) 82,083
Income tax (expense) benefit 30,777 (23,898)
Net income (loss) (73,742) 58,185
Net income (loss) attributable to non-controlling interest holders (1,777) 1,573
Net income (loss) attributable to controlling stockholders $ (71,965) $ 56,612
Basic earnings (loss) per common share (in usd per share) $ (0.57) $ 0.47
Diluted earnings (loss) per common share (in usd per share) $ (0.57) $ 0.44
Weighted average common shares outstanding—basic (in shares) 127,577,861 119,381,781
Weighted average common shares outstanding—diluted (in shares) 127,577,861 137,956,858