v3.26.1
Fresh Start Accounting - Summary of Adjustments Set Forth in Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Jan. 15, 2025
Jan. 14, 2025
Dec. 31, 2024
ASSETS                
Cash and cash equivalents $ 16,359   $ 10,384     $ 35,352    
Restricted cash 58,927   55,914     26,089    
Finance receivables at fair value 807,665   808,636     825,012    
Interest receivable 11,915   12,834     14,230    
Property and equipment, net 7,708   6,744     1,203    
Intangible assets, net 11,419   12,370     14,200    
Operating lease right-of-use assets 5,252   5,792     11,027    
Other assets 22,100   24,665     27,833    
Assets from discontinued operations 0   46     758    
Total assets 941,345   937,385     955,704    
Liabilities, Current [Abstract]                
Warehouse credit facilities of consolidated VIEs 240,766   318,655     363,718    
Long-term debt 489,370   423,197     365,963    
Operating lease liabilities 8,486   9,142     11,027    
Other liabilities 41,543   41,149     46,875    
Liabilities subject to compromise             $ 291,668  
Liabilities from discontinued operations 167   124     3,634    
Total liabilities 820,332   820,767     791,217    
Stockholders' (deficit) equity:                
Common stock 5   5     5 161,700  
Additional paid-in-capital 172,529   169,663     161,657    
Warrants - Successor           2,825 2,800  
Accumulated deficit (72,742)   (53,050)          
Total stockholders' equity 99,792 $ 98,416 116,618 $ 151,944 $ 158,627 164,487 164,487 $ (30,945)
Total liabilities, mezzanine equity and stockholders' equity 941,345   $ 937,385     955,704    
Predecessor                
ASSETS                
Cash and cash equivalents             35,352  
Restricted cash             26,089  
Finance receivables at fair value             505,084  
Finance receivables held for sale, net             311,640  
Interest receivable             14,230  
Property and equipment, net             4,175  
Intangible assets, net             103,852  
Operating lease right-of-use assets             6,831  
Other assets             32,919  
Assets from discontinued operations             758  
Total assets             1,040,930  
Liabilities, Current [Abstract]                
Warehouse credit facilities of consolidated VIEs             363,718  
Long-term debt             361,464  
Operating lease liabilities             11,027  
Other liabilities             46,875  
Liabilities subject to compromise             291,668  
Liabilities from discontinued operations             3,634  
Total liabilities             1,078,386  
Stockholders' (deficit) equity:                
Common stock             2  
Additional paid-in-capital             2,095,033  
Accumulated deficit             (2,132,491)  
Total stockholders' equity             (37,456)  
Total liabilities, mezzanine equity and stockholders' equity             1,040,930  
Reorganization Adjustments                
ASSETS                
Other assets             (2,037)  
Total assets             (2,037)  
Liabilities, Current [Abstract]                
Liabilities subject to compromise             (291,668)  
Total liabilities             (291,668)  
Stockholders' (deficit) equity:                
Common stock           5 (2)  
Additional paid-in-capital           161,657 (2,095,033)  
Warrants - Successor           $ 2,825    
Accumulated deficit             2,220,179  
Total stockholders' equity             289,631  
Total liabilities, mezzanine equity and stockholders' equity             (2,037)  
Fresh Start Accounting Adjustments                
ASSETS                
Finance receivables at fair value             319,928  
Finance receivables held for sale, net             (311,640)  
Property and equipment, net             (2,972)  
Intangible assets, net             (89,652)  
Operating lease right-of-use assets             4,196  
Other assets             (3,049)  
Total assets (2,037)           (83,189)  
Liabilities, Current [Abstract]                
Long-term debt             4,499  
Total liabilities             4,499  
Stockholders' (deficit) equity:                
Accumulated deficit $ 2,220,179           (87,688)  
Total stockholders' equity             (87,688)  
Total liabilities, mezzanine equity and stockholders' equity             $ (83,189)