v3.26.1
Variable Interest Entities and Securitizations (Tables)
6 Months Ended
Jun. 30, 2026
Variable Interest Entity, Measure of Activity [Abstract]  
Summary of Total Assets and Total Liabilities Associated With Variable Interests in Consolidated VIEs The following table presents the total assets and total liabilities associated with the Company's variable interests in consolidated VIEs, as classified in the condensed consolidated balance sheets (in thousands):

 

 

 

As of June 30, 2026

 

 

 

Securitization Vehicles

 

 

Warehouse
Facilities
1

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

Restricted cash

 

$

48,408

 

 

$

10,439

 

 

$

58,847

 

Finance receivables at fair value

 

 

520,862

 

 

 

264,693

 

 

 

785,555

 

Interest receivable

 

 

8,093

 

 

 

3,566

 

 

 

11,659

 

Other assets

 

 

7,160

 

 

 

2,822

 

 

 

9,982

 

Total Assets

 

$

584,523

 

 

$

281,520

 

 

$

866,043

 

Liabilities:

 

 

 

 

 

 

 

 

 

Securitization debt at fair value

 

$

465,174

 

 

$

 

 

$

465,174

 

Warehouse credit facilities

 

 

 

 

 

240,766

 

 

 

240,766

 

Other liabilities

 

 

8,440

 

 

 

7,530

 

 

 

15,970

 

Total Liabilities

 

$

473,614

 

 

$

248,296

 

 

$

721,910

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2025

 

 

 

Securitization Vehicles

 

 

Warehouse
Facilities
1

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

Restricted cash

 

$

39,729

 

 

$

16,106

 

 

$

55,835

 

Finance receivables at fair value

 

 

441,084

 

 

 

335,916

 

 

 

777,000

 

Interest receivable

 

 

7,164

 

 

 

5,270

 

 

 

12,434

 

Other assets

 

 

5,991

 

 

 

3,842

 

 

 

9,833

 

Total Assets

 

$

493,968

 

 

$

361,134

 

 

$

855,102

 

Liabilities:

 

 

 

 

 

 

 

 

 

Securitization debt at fair value

 

$

393,244

 

 

$

 

 

$

393,244

 

Warehouse credit facilities

 

 

 

 

 

318,655

 

 

 

318,655

 

Other liabilities

 

 

5,773

 

 

 

9,917

 

 

 

15,690

 

Total Liabilities

 

$

399,017

 

 

$

328,572

 

 

$

727,589

 

 

1 Refer to Note 10 – Warehouse Credit Facilities of Consolidated VIEs for further details.