| Summary of Total Assets and Total Liabilities Associated With Variable Interests in Consolidated VIEs |
The following table presents the total assets and total liabilities associated with the Company's variable interests in consolidated VIEs, as classified in the condensed consolidated balance sheets (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
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As of March 31, 2026 |
|
|
|
Securitization Vehicles |
|
|
Warehouse Facilities1 |
|
|
Total |
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Assets: |
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|
|
|
|
|
|
|
|
Restricted cash |
|
$ |
52,989 |
|
|
$ |
6,151 |
|
|
$ |
59,140 |
|
Finance receivables at fair value |
|
|
601,066 |
|
|
|
177,440 |
|
|
|
778,506 |
|
Interest receivable |
|
|
8,933 |
|
|
|
2,269 |
|
|
|
11,202 |
|
Other assets |
|
|
8,335 |
|
|
|
1,726 |
|
|
|
10,061 |
|
Total Assets |
|
$ |
671,323 |
|
|
$ |
187,586 |
|
|
$ |
858,909 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
Securitization debt at fair value |
|
$ |
551,021 |
|
|
$ |
— |
|
|
$ |
551,021 |
|
Warehouse credit facilities |
|
|
— |
|
|
|
159,483 |
|
|
|
159,483 |
|
Other liabilities |
|
|
10,724 |
|
|
|
4,869 |
|
|
|
15,593 |
|
Total Liabilities |
|
$ |
561,745 |
|
|
$ |
164,352 |
|
|
$ |
726,097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2025 |
|
|
|
Securitization Vehicles |
|
|
Warehouse Facilities1 |
|
|
Total |
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Assets: |
|
|
|
|
|
|
|
|
|
Restricted cash |
|
$ |
39,729 |
|
|
$ |
16,106 |
|
|
$ |
55,835 |
|
Finance receivables at fair value |
|
|
441,084 |
|
|
|
335,916 |
|
|
|
777,000 |
|
Interest receivable |
|
|
7,164 |
|
|
|
5,270 |
|
|
|
12,434 |
|
Other assets |
|
|
5,991 |
|
|
|
3,842 |
|
|
|
9,833 |
|
Total Assets |
|
$ |
493,968 |
|
|
$ |
361,134 |
|
|
$ |
855,102 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
Securitization debt at fair value |
|
$ |
393,244 |
|
|
$ |
— |
|
|
$ |
393,244 |
|
Warehouse credit facilities |
|
|
— |
|
|
|
318,655 |
|
|
|
318,655 |
|
Other liabilities |
|
|
5,773 |
|
|
|
9,917 |
|
|
|
15,690 |
|
Total Liabilities |
|
$ |
399,017 |
|
|
$ |
328,572 |
|
|
$ |
727,589 |
|
1 Refer to Note 10 – Warehouse Credit Facilities of Consolidated VIEs for further details.
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