v3.26.1
Fresh Start Accounting - Summary of Adjustments Set Forth in Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Jan. 15, 2025
Jan. 14, 2025
Dec. 31, 2024
ASSETS            
Cash and cash equivalents $ 14,478 $ 10,384   $ 35,352    
Restricted cash 59,221 55,914   26,089    
Finance receivables at fair value 804,613 808,636   825,012    
Interest receivable 11,527 12,834   14,230    
Property and equipment, net 7,415 6,744   1,203    
Intangible assets, net 11,895 12,370   14,200    
Operating lease right-of-use assets 5,530 5,792   11,027    
Other assets 23,144 24,665   27,833    
Assets from discontinued operations 0 46   758    
Total assets 937,823 937,385   955,704    
Liabilities, Current [Abstract]            
Warehouse credit facilities of consolidated VIEs 159,483 318,655   363,718    
Long-term debt 577,968 423,197   365,963    
Operating lease liabilities 8,825 9,142   11,027    
Other liabilities 43,187 41,149   46,875    
Liabilities subject to compromise         $ 291,668  
Liabilities from discontinued operations 223 124   3,634    
Total liabilities 818,186 820,767   791,217    
Stockholders' (deficit) equity:            
Common stock 5 5   5 161,700  
Additional paid-in-capital 171,090 169,663   161,657    
Warrants - Successor       2,825 2,800  
Accumulated deficit (72,679) (53,050)        
Total stockholders' equity (deficit) 98,416 116,618 $ 158,627 164,487 164,487 $ (30,945)
Total liabilities, mezzanine equity and stockholders' equity (deficit) 937,823 $ 937,385   955,704    
Predecessor            
ASSETS            
Cash and cash equivalents         35,352  
Restricted cash         26,089  
Finance receivables at fair value         505,084  
Finance receivables held for sale, net         311,640  
Interest receivable         14,230  
Property and equipment, net         4,175  
Intangible assets, net         103,852  
Operating lease right-of-use assets         6,831  
Other assets         32,919  
Assets from discontinued operations         758  
Total assets         1,040,930  
Liabilities, Current [Abstract]            
Warehouse credit facilities of consolidated VIEs         363,718  
Long-term debt         361,464  
Operating lease liabilities         11,027  
Other liabilities         46,875  
Liabilities subject to compromise         291,668  
Liabilities from discontinued operations         3,634  
Total liabilities         1,078,386  
Stockholders' (deficit) equity:            
Common stock         2  
Additional paid-in-capital         2,095,033  
Accumulated deficit         (2,132,491)  
Total stockholders' equity (deficit)         (37,456)  
Total liabilities, mezzanine equity and stockholders' equity (deficit)         1,040,930  
Reorganization Adjustments            
ASSETS            
Other assets         (2,037)  
Total assets         (2,037)  
Liabilities, Current [Abstract]            
Liabilities subject to compromise         (291,668)  
Total liabilities         (291,668)  
Stockholders' (deficit) equity:            
Common stock       5 (2)  
Additional paid-in-capital       161,657 (2,095,033)  
Warrants - Successor       $ 2,825    
Accumulated deficit         2,220,179  
Total stockholders' equity (deficit)         289,631  
Total liabilities, mezzanine equity and stockholders' equity (deficit)         (2,037)  
Fresh Start Accounting Adjustments            
ASSETS            
Finance receivables at fair value         319,928  
Finance receivables held for sale, net         (311,640)  
Property and equipment, net         (2,972)  
Intangible assets, net         (89,652)  
Operating lease right-of-use assets         4,196  
Other assets         (3,049)  
Total assets (2,037)       (83,189)  
Liabilities, Current [Abstract]            
Long-term debt         4,499  
Total liabilities         4,499  
Stockholders' (deficit) equity:            
Accumulated deficit $ 2,220,179       (87,688)  
Total stockholders' equity (deficit)         (87,688)  
Total liabilities, mezzanine equity and stockholders' equity (deficit)         $ (83,189)