Successor

Three months ended March 31,

Period from January 15 through March 31,

2026

2025

UACC

CarStory

Corporate

Total

UACC

CarStory

Corporate

Total

Interest income

$

42,476

$

—

$

—

$

42,476

$

37,157

$

—

$

—

$

37,157

Interest expense:

Warehouse credit facility

3,439

—

—

3,439

4,618

—

—

4,618

Securitization debt

8,620

—

—

8,620

6,548

—

—

6,548

Total interest expense

12,059

—

—

12,059

11,166

—

—

11,166

Net interest income

30,417

—

—

30,417

25,991

—

—

25,991

Realized and unrealized losses, net of recoveries

24,823

—

(140

)

24,683

12,691

—

(1,591

)

11,100

Net interest income after losses and recoveries

5,594

—

140

5,734

13,300

—

1,591

14,891

Noninterest (loss) income:

Servicing income

1,139

—

—

1,139

1,254

—

—

1,254

Warranties and GAP income (loss), net

2,765

—

(79

)

2,686

3,571

—

508

4,079

CarStory revenue

—

1,333

—

1,333

—

2,392

—

2,392

Other income

2,007

34

—

2,041

2,235

62

184

2,481

Total noninterest (loss) income

5,911

1,367

(79

)

7,199

7,060

2,454

692

10,206

Expenses:

Compensation and benefits

16,737

1,243

1,166

19,146

13,694

1,360

1,013

16,067

Professional fees

3,364

52

1,104

4,520

3,069

—

2,278

5,347

Software and IT costs

2,965

2

194

3,161

2,086

—

316

2,402

Depreciation and amortization

1,235

105

—

1,340

479

96

—

575

Interest expense on corporate debt

761

—

451

1,212

480

—

—

480

Impairment charges

—

—

—

—

3,479

—

677

4,156

Other expenses

1,967

93

348

2,408

1,670

138

562

2,370

Total expenses

27,029

1,495

3,263

31,787

24,957

1,594

4,846

31,397

Provision for income taxes from continuing operations

—

26

166

192

39

16

95

150

Preferred stock dividends attributable to noncontrolling interests of subsidiary

(571

)

—

—

(571

)

—

—

—

—

Adjusted net income (loss)

$

(14,976

)

$

(130

)

$

(834

)

$

839

Predecessor

Period from January 1 through January 14,

2025

UACC

CarStory

Corporate

Total

Interest income (expense)

7,254

$

—

$

(71

)

$

7,183

Interest expense:

Warehouse credit facility

1,017

—

—

1,017

Securitization debt

1,178

—

—

1,178

Total interest expense

2,195

—

—

2,195

Net interest income (loss)

5,059

—

(71

)

4,988

Realized and unrealized losses, net of recoveries

7,647

—

(855

)

6,792

Net interest income (loss) after losses and recoveries

(2,588

)

—

784

(1,804

)

Noninterest (loss) income:

Servicing income

192

—

—

192

Warranties and GAP income (loss), net

390

—

(83

)

307

CarStory revenue

—

432

—

432

Other income

66

13

34

113

Total noninterest (loss) income

648

445

(49

)

1,044

Expenses:

Compensation and benefits

2,398

326

99

2,823

Professional fees

172

13

112

297

Software and IT costs

367

2

88

457

Depreciation and amortization

817

240

—

1,057

Interest expense on corporate debt

85

—

91

176

Impairment charges

—

—

—

—

Other expenses

262

20

89

371

Total expenses

4,101

601

479

5,181

Provision for income taxes from continuing operations

—

5

—

5

Preferred stock dividends attributable to noncontrolling interests of subsidiary

—

—

—

—

Adjusted net loss

$

(5,910

)

$

(153

)