v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Gain on loans, net $ 44,801 $ 24,576
Other revenue 1,142 3,650
Net interest income    
Interest income 7,284 7,595
Interest expense (5,730) (4,493)
Net interest income 1,554 3,102
Total net revenues 47,497 31,328
Expenses:    
Compensation and benefits 55,736 43,892
General and administrative 8,948 10,777
Technology 8,361 6,649
Marketing and advertising 9,217 8,679
Loan origination expense 7,733 2,503
Depreciation and amortization 2,997 3,773
Other expenses 5,421 882
Total expenses 98,413 77,155
Loss before income tax expense (50,916) (45,827)
Income tax (benefit) expense (1,566) 145
Net loss continuing operations (49,350) (45,972)
Net loss discontinued operations (20,961) (4,585)
Net loss $ (70,311) $ (50,557)
Loss per share attributable to common stockholders, basic and diluted:    
Net loss from continuing operations, basic (in dollars per share) $ (3.01) $ (3.03)
Net loss from continuing operations, diluted (in dollars per share) (3.01) (3.03)
Net loss from discontinued operations, basic (in dollars per share) (1.28) (0.30)
Net loss from discontinued operations, diluted (in dollars per share) (1.28) (0.30)
Net loss, basic (in dollars per share) (4.29) (3.33)
Net loss, diluted (in dollars per share) $ (4.29) $ (3.33)
Weighted average common shares outstanding - basic (in shares) 16,410,119 15,166,729
Weighted average common shares outstanding - diluted (in shares) 16,410,119 15,166,729
Other comprehensive income/(loss):    
Foreign currency translation adjustment, net of tax $ (1,629) $ 2,223
Comprehensive loss $ (71,940) $ (48,334)