v3.26.1
INVESTMENTS - Schedule of Investments in Loans and Securities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]      
Fair Value [1] $ 945,269 $ 778,409  
Accrued interest receivable $ 25,800 $ 14,300  
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] Fair Value Fair Value  
Total      
Debt Securities, Available-for-Sale [Line Items]      
Amortized Cost $ 1,269,386 $ 1,289,130  
Gross Unrealized Gains 7,459 8,312  
Gross Unrealized Non-Credit Related Adjustments (23,589) (15,185)  
Allowance for Credit Losses (385,878) (508,741)  
Fair Value 867,378 773,516  
Accrued interest receivable   13,700  
Securitization notes      
Debt Securities, Available-for-Sale [Line Items]      
Amortized Cost 395,216 240,396  
Gross Unrealized Gains 970 386  
Gross Unrealized Non-Credit Related Adjustments (469) (509)  
Allowance for Credit Losses 0 0  
Fair Value 395,717 240,273  
Securitization certificates      
Debt Securities, Available-for-Sale [Line Items]      
Amortized Cost 874,170 1,048,734  
Gross Unrealized Gains 6,489 7,926  
Gross Unrealized Non-Credit Related Adjustments (23,120) (14,676)  
Allowance for Credit Losses (385,878) (508,741) $ (98,679)
Fair Value $ 471,661 $ 533,243  
[1] Accrued interest receivable of $14.3 million, previously reported within “Fee receivables” as of December 31, 2024, has been reclassified to “Investment in loans and securities” to conform to the current period’s presentation.