v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Jan. 14, 2025
Mar. 31, 2026
Mar. 31, 2025
Interest income $ 7,183 $ 42,476 $ 37,157
Warehouse credit facility 1,017 3,439 4,618
Securitization debt 1,178 8,620 6,548
Total interest expense 2,195 12,059 11,166
Net interest income 4,988 30,417 25,991
Realized and unrealized losses, net of recoveries 6,792 24,683 11,100
Net interest income (loss) after losses and recoveries (1,804) 5,734 14,891
Servicing income 192 1,139 1,254
Warranties and GAP income (loss), net 307 2,686 4,079
CarStory revenue 432 1,333 2,392
Other income 113 2,041 2,481
Total noninterest income 1,044 7,199 10,206
Compensation and benefits 2,823 19,146 16,067
Professional fees 297 4,520 5,347
Software and IT costs 457 3,161 2,402
Depreciation and amortization 1,057 1,340 575
Interest expense on corporate debt 176 1,212 480
Impairment charges 0 0 4,156
Other expenses 371 2,408 2,370
Total expenses 5,181 31,787 31,397
Loss from continuing operations before reorganization items and provision for income taxes (5,941) (18,854) (6,300)
Reorganization items, net 51,036 0 0
(Loss) income from continuing operations before provision for income taxes 45,095 (18,854) (6,300)
Provision for income taxes from continuing operations 5 192 150
Net (loss) income from continuing operations 45,090 (19,046) (6,450)
Net (loss) income from discontinued operations (4) (12) 99
Net (loss) income 45,086 (19,058) (6,351)
Preferred stock dividends attributable to noncontrolling interests of subsidiary 0 (571) 0
Net (loss) income attributable to controlling interest and common shareholders $ 45,086 $ (19,629) $ (6,351)
Net (loss) income per share attributable to common stockholders, continuing operations, basic $ 24.74 $ (3.77) $ (1.25)
Net (loss) income per share attributable to common stockholders, Discontinued operations, basic (0) 0 0.02
Net (loss) income per share attributable to common stockholders, basic 24.74 (3.77) (1.23)
Net (loss) income per share attributable to common stockholders, continuing operations, diluted 23.89 (3.77) (1.25)
Net (loss) income per share attributable to common stockholders, Discontinued operations, diluted (0) 0 0.02
Net (loss) income per share attributable to common stockholders, diluted $ 23.89 $ (3.77) $ (1.23)
Weighted-average number of shares outstanding used to compute net (loss) income per share attributable to common stockholders, basic 1,822,541 5,201,905 5,163,109
Weighted-average number of shares outstanding used to compute net (loss) income per share attributable to common stockholders, diluted 1,887,370 5,201,905 5,163,109