v3.26.1
Variable Interest Entities and Securitizations (Tables)
3 Months Ended
Mar. 31, 2026
Variable Interest Entity, Measure of Activity [Abstract]  
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):

 

 

 

As of March 31, 2026

 

 

 

Securitization Vehicles

 

 

Warehouse
Facilities
1

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

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
Facilities
1

 

 

Total

 

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.