v3.26.1
CREDIT OBLIGATIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Credit Loss [Abstract]  
Schedule of Changes in Allowance For Expected Credit Losses
Below is a summary of the changes in allowance for expected credit losses on MyPay loans held for investment:
Six Months Ended
June 30,
20262025
Balance, beginning of the period$76,640 $30,649 
Provision for expected credit losses28,081 $42,197 
Amounts written off
(36,965)$(942)
Recoveries collected2,436 $— 
Balance, end of the period$70,192 $71,904 
Schedule of Product Obligation Reconciliation
The following table presents a reconciliation of the Company’s product obligation:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Balance, beginning of the period$121,141 $124,672 $147,382 $114,377 
Change in fair value of product obligation(1)
(25,735)14,828 (52,282)43,579 
Settlements38,918 (521)39,224 (18,977)
Balance, end of the period
$134,324 $138,979 $134,324 $138,979 
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(1)The change in fair value of the product obligation was recorded on the condensed consolidated statements of operations as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Revenue:
Off-balance sheet MyPay receivables(71,942)(48,236)$(136,775)$(87,108)
Instant Loans(20,852)(1,563)(34,609)(1,563)
Total recorded as revenue$(92,794)$(49,799)(171,384)(88,671)
Transaction and risk losses:
Off-balance sheet MyPay receivables26,748 34,051 51,751 69,451 
Instant Loans16,067 6,128 23,282 6,128 
SpotMe and other negative balances24,244 24,448 44,069 56,671 
Total recorded as transaction and risk losses$67,059 $64,627 119,102 132,250 
Total change in fair value of the product obligation
$(25,735)$14,828 $(52,282)$43,579