v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jan. 14, 2025
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income $ 7,183 $ 43,605 $ 45,748 $ 86,081 $ 82,905
Warehouse credit facility 1,017 3,396 3,259 6,835 7,877
Securitization debt 1,178 8,586 9,883 17,206 16,431
Total interest expense 2,195 11,982 13,142 24,041 24,308
Net interest income 4,988 31,623 32,606 62,040 58,597
Realized and unrealized losses, net of recoveries 6,792 10,663 19,500 35,346 30,600
Net interest income (loss) after losses and recoveries (1,804) 20,960 13,106 26,694 27,997
Servicing income 192 925 1,259 2,064 2,513
Warranties and GAP income, net 307 3,291 3,645 5,977 7,724
CarStory revenue 432 1,297 1,846 2,630 4,238
Other income 113 3,156 2,067 5,197 4,548
Total noninterest income 1,044 8,669 8,817 15,868 19,023
Compensation and benefits 2,823 18,751 21,091 37,897 37,158
Professional fees 297 1,984 2,013 6,504 7,360
Software and IT costs 457 3,244 3,420 6,405 5,822
Depreciation and amortization 1,057 1,482 742 2,822 1,317
Interest expense on corporate debt 176 1,063 698 2,275 1,178
Impairment charges 0     0 4,156
Other expenses 371 2,574 2,832 4,982 5,202
Total expenses 5,181 29,098 30,796 60,885 62,193
Loss from continuing operations before reorganization items and provision for income taxes (5,941)     (18,323) (15,173)
Reorganization items, net 51,036     0 0
(Loss) income from continuing operations before provision for income taxes 45,095 531 (8,873) (18,323) (15,173)
(Benefit) provision for income taxes from continuing operations 5 (24) 59 168 209
Net income (loss) from continuing operations 45,090 555 (8,932) (18,491) (15,382)
Net income (loss) from discontinued operations (4) 73 413 61 512
Net income (loss) from 45,086 628 (8,519) (18,430) (14,870)
Preferred stock dividends attributable to noncontrolling interests of subsidiary 0 (691) 0 (1,262) 0
Net (loss) income attributable to controlling interest and common shareholders $ 45,086 $ (63) $ (8,519) $ (19,692) $ (14,870)
Net (loss) income per share attributable to common stockholders, continuing operations, basic $ 24.74 $ (0.02) $ (1.73) $ (3.79) $ (2.98)
Net (loss) income per share attributable to common stockholders, Discontinued operations, basic (0) 0.01 0.08 0.01 0.1
Net (loss) income per share attributable to common stockholders, basic 24.74 (0.01) (1.65) (3.78) (2.88)
Net (loss) income per share attributable to common stockholders, continuing operations, diluted 23.89 (0.02) (1.73) (3.79) (2.98)
Net (loss) income per share attributable to common stockholders, Discontinued operations, diluted (0) 0.01 0.08 0.01 0.1
Net (loss) income per share attributable to common stockholders, diluted $ 23.89 $ (0.01) $ (1.65) $ (3.78) $ (2.88)
Weighted-average number of shares outstanding used to compute net (loss) income per share attributable to common stockholders, basic 1,822,541 5,214,021 5,174,381 5,207,963 5,169,251
Weighted-average number of shares outstanding used to compute net (loss) income per share attributable to common stockholders, diluted 1,887,370 5,214,021 5,174,381 5,207,963 5,169,251