v3.26.1
Borrowings - Narrative (Details)
1 Months Ended 3 Months Ended 6 Months Ended
Aug. 31, 2025
USD ($)
Aug. 31, 2021
USD ($)
Jun. 30, 2026
USD ($)
Sep. 30, 2025
USD ($)
Jun. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Jun. 30, 2026
USD ($)
day
Jun. 30, 2025
USD ($)
Jun. 05, 2026
USD ($)
Jun. 04, 2026
USD ($)
Apr. 22, 2026
USD ($)
Apr. 21, 2026
USD ($)
Dec. 31, 2025
USD ($)
Nov. 30, 2024
USD ($)
Schedule of Borrowings [Line Items]                            
Total payments due     $ 2,031,583,000       $ 2,031,583,000           $ 1,860,774,000  
Convertible senior notes                            
Schedule of Borrowings [Line Items]                            
Total payments due     1,687,794,000       $ 1,687,794,000           1,687,794,000  
Conversion price maximum threshold             130.00%              
Trading days | day             20              
Consecutive trading days | day             30              
Redemption price (in percent)   100.00%         100.00%              
Interest expense     0   $ 0   $ 6,900,000 $ 7,200,000            
Convertible senior notes | Conversion Period One                            
Schedule of Borrowings [Line Items]                            
Conversion price maximum threshold             130.00%              
Trading days | day             20              
Consecutive trading days | day             30              
Convertible senior notes | Conversion Period Two                            
Schedule of Borrowings [Line Items]                            
Trading days | day             5              
Consecutive trading days | day             5              
Percentage of the last reported sale price             98.00%              
Risk retention financing facility | Secured debt                            
Schedule of Borrowings [Line Items]                            
Total payments due     92,031,000       $ 92,031,000           75,647,000  
Aggregate principal amount         $ 100,000,000.0     $ 100,000,000.0     $ 200,000,000.0 $ 100,000,000.0    
Securities loaned, fair value of collateral     $ 91,300,000       $ 91,300,000              
Weighted average interest rate     0.40%       0.40%              
Risk retention financing facility | Secured debt | Variable Interest Entity, Primary Beneficiary | Consolidated securitization                            
Schedule of Borrowings [Line Items]                            
Securities loaned, fair value of collateral     $ 1,700,000       $ 1,700,000              
Risk retention financing facility | Secured debt | Location, Statement of Financial Position, Balance [Axis]: us-gaap:NotesReceivableFairValueDisclosure                            
Schedule of Borrowings [Line Items]                            
Securities loaned, fair value of collateral     89,700,000       89,700,000              
2026 Notes | Convertible senior notes                            
Schedule of Borrowings [Line Items]                            
Aggregate principal amount   $ 661,300,000                        
Stated interest rate   0.25%                        
Repurchase amount $ 232,600,000         $ 334,200,000                
Additional repurchased amount           27,900,000                
Gain (loss) on extinguishment of debt       $ 7,200,000   33,400,000                
Gross debt issuance cost   $ 15,700,000                        
Effective interest rate   0.70%                        
2029 Notes | Convertible senior notes                            
Schedule of Borrowings [Line Items]                            
Aggregate principal amount           $ 431,300,000                
Stated interest rate           2.00%                
Proceeds from convertible notes issuance, net of debt issuance costs paid to lender           $ 302,400,000                
Gross debt issuance cost           $ 10,400,000                
Effective interest rate           2.50%                
2030 Notes | Convertible senior notes                            
Schedule of Borrowings [Line Items]                            
Aggregate principal amount                           $ 500,000,000.0
Stated interest rate                           1.00%
Gross debt issuance cost                           $ 11,800,000
Effective interest rate                           1.40%
2032 Notes | Convertible senior notes                            
Schedule of Borrowings [Line Items]                            
Aggregate principal amount $ 690,000,000.0                          
Stated interest rate 0.00%                          
Proceeds from convertible notes issuance, net of debt issuance costs paid to lender $ 224,200,000                          
Gross debt issuance cost $ 14,400,000                          
Effective interest rate 0.30%                          
Revolving Credit Facility | Upstart Loan Trust                            
Schedule of Borrowings [Line Items]                            
Maximum borrowing capacity     400,000,000       400,000,000   $ 400,000,000.0 $ 325,000,000.0        
Total payments due     $ 177,451,000       $ 177,451,000   $ 175,000,000.0       $ 23,025,000