v3.26.1
INVESTMENTS - Investments by Maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fair Value    
Total [1] $ 945,269 $ 778,409
Accrued interest receivable 25,800 14,300
Total    
Amortized Cost    
Within 1 year 57,977 21,461
Greater than 1 year, less than or equal to 5 years 1,211,409 1,267,669
Total 1,269,386 1,289,130
Fair Value    
Within 1 year 29,097 21,457
Greater than 1 year, less than or equal to 5 years 838,281 752,059
Total 867,378 773,516
Accrued interest receivable   13,700
Securitization notes    
Amortized Cost    
Within 1 year 15,279 9,907
Greater than 1 year, less than or equal to 5 years 379,938 230,489
Total 395,217 240,396
Fair Value    
Within 1 year 15,602 9,903
Greater than 1 year, less than or equal to 5 years 380,115 230,370
Total 395,717 240,273
Securitization certificates    
Amortized Cost    
Within 1 year 42,698 11,554
Greater than 1 year, less than or equal to 5 years 831,471 1,037,180
Total 874,169 1,048,734
Fair Value    
Within 1 year 13,495 11,554
Greater than 1 year, less than or equal to 5 years 458,166 521,689
Total $ 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.