v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 16,359 $ 10,384
Restricted cash (including restricted cash of consolidated VIEs of $58.8 million and $55.8 million, respectively) 58,927 55,914
Finance receivables at fair value (including finance receivables of consolidated VIEs of $785.6 million and $777.0 million, respectively) 807,665 808,636
Interest receivable (including interest receivables of consolidated VIEs of $11.7 million and $12.4 million, respectively) 11,915 12,834
Property and equipment, net 7,708 6,744
Intangible assets, net 11,419 12,370
Operating lease right-of-use assets 5,252 5,792
Other assets (including other assets of consolidated VIEs of $10.0 million and $9.8 million, respectively) 22,100 24,665
Assets from discontinued operations 0 46
Total assets 941,345 937,385
LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY (DEFICIT)    
Warehouse credit facilities of consolidated VIEs 240,766 318,655
Related party line of credit (Note 19)   18,500
Long-term debt (including securitization debt of consolidated VIEs of $465.2 million and $393.2 million, respectively) 489,370 423,197
Related party note (Note 19) $ 40,000 $ 10,000
Accounts Payable, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Operating lease liabilities $ 8,486 $ 9,142
Other liabilities (including other liabilities of consolidated VIEs of $16.0 million and $15.7 million, respectively) 41,543 41,149
Liabilities from discontinued operations 167 124
Total liabilities 820,332 820,767
Commitments and contingencies (Note 12)
Mezzanine equity    
Preferred units, no par value, 15,000 series A units and 7,500 series B units authorized and issued to noncontrolling interests of subsidiary (Note 13) 21,221  
Stockholders' equity:    
Common stock, $0.001 par value; 250,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; 5,234,353 and 5,199,641 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 5 5
Additional paid-in-capital 172,529 169,663
Accumulated deficit (72,742) (53,050)
Total stockholders' equity 99,792 116,618
Total liabilities, mezzanine equity and stockholders' equity $ 941,345 $ 937,385