| 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):
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As of June 30, 2026 |
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|
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Securitization Vehicles |
|
|
Warehouse Facilities1 |
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Total |
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Assets: |
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|
|
|
|
|
|
|
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Restricted cash |
|
$ |
48,408 |
|
|
$ |
10,439 |
|
|
$ |
58,847 |
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Finance receivables at fair value |
|
|
520,862 |
|
|
|
264,693 |
|
|
|
785,555 |
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Interest receivable |
|
|
8,093 |
|
|
|
3,566 |
|
|
|
11,659 |
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Other assets |
|
|
7,160 |
|
|
|
2,822 |
|
|
|
9,982 |
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Total Assets |
|
$ |
584,523 |
|
|
$ |
281,520 |
|
|
$ |
866,043 |
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Liabilities: |
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|
|
|
|
|
|
|
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Securitization debt at fair value |
|
$ |
465,174 |
|
|
$ |
— |
|
|
$ |
465,174 |
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Warehouse credit facilities |
|
|
— |
|
|
|
240,766 |
|
|
|
240,766 |
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Other liabilities |
|
|
8,440 |
|
|
|
7,530 |
|
|
|
15,970 |
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Total Liabilities |
|
$ |
473,614 |
|
|
$ |
248,296 |
|
|
$ |
721,910 |
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|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2025 |
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|
|
Securitization Vehicles |
|
|
Warehouse Facilities1 |
|
|
Total |
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Assets: |
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|
|
|
|
|
|
|
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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 |
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Other assets |
|
|
5,991 |
|
|
|
3,842 |
|
|
|
9,833 |
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Total Assets |
|
$ |
493,968 |
|
|
$ |
361,134 |
|
|
$ |
855,102 |
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Liabilities: |
|
|
|
|
|
|
|
|
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Securitization debt at fair value |
|
$ |
393,244 |
|
|
$ |
— |
|
|
$ |
393,244 |
|
Warehouse credit facilities |
|
|
— |
|
|
|
318,655 |
|
|
|
318,655 |
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Other liabilities |
|
|
5,773 |
|
|
|
9,917 |
|
|
|
15,690 |
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Total Liabilities |
|
$ |
399,017 |
|
|
$ |
328,572 |
|
|
$ |
727,589 |
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1 Refer to Note 10 – Warehouse Credit Facilities of Consolidated VIEs for further details.
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