v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 14,478 $ 10,384
Restricted cash (including restricted cash of consolidated VIEs of $59.1 million and $55.8 million, respectively) 59,221 55,914
Finance receivables at fair value (including finance receivables of consolidated VIEs of $778.5 million and $777.0 million, respectively) 804,613 808,636
Interest receivable (including interest receivables of consolidated VIEs of $11.2 million and $12.4 million, respectively) 11,527 12,834
Property and equipment, net 7,415 6,744
Intangible assets, net 11,895 12,370
Operating lease right-of-use assets 5,530 5,792
Other assets (including other assets of consolidated VIEs of $10.1 million and $9.8 million, respectively) 23,144 24,665
Assets from discontinued operations 0 46
Total assets 937,823 937,385
LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY (DEFICIT)    
Warehouse credit facilities of consolidated VIEs 159,483 318,655
Related party line of credit (Note 19) 18,500 18,500
Long-term debt (including securitization debt of consolidated VIEs of $551.0 million and $393.2 million, respectively) 577,968 423,197
Related party note (Note 19) $ 10,000 $ 10,000
Accounts Payable, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Operating lease liabilities $ 8,825 $ 9,142
Other liabilities (including other liabilities of consolidated VIEs of $15.6 million and $15.7 million, respectively) 43,187 41,149
Liabilities from discontinued operations 223 124
Total liabilities 818,186 820,767
Commitments and contingencies (Note 12)
Mezzanine equity    
Preferred units, no par value, 15,000 series A units and 7,500 series B units authorized and issued to noncontrolling interests of subsidiary (Note 13) 21,221  
Stockholders' equity (deficit) :    
Common stock, $0.001 par value; 250,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively; 5,206,492 and 5,199,641 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 5 5
Additional paid-in-capital 171,090 169,663
Accumulated deficit (72,679) (53,050)
Total stockholders' equity (deficit) 98,416 116,618
Total liabilities, mezzanine equity and stockholders' equity (deficit) $ 937,823 $ 937,385