v3.26.1
Fair Value - Schedule of Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Financial assets:        
Loans receivable $ 9,802,215 $ 10,006,695    
Accrued loan interest receivable 542,799 528,936    
Investments at fair value 1,701,392 1,414,636    
Investments - held-to-maturity asset-backed securities 214,973      
Beneficial interest in loan securitizations 202,812      
Restricted cash – due to customers 508,039 319,924 $ 258,065 $ 404,402
Financial liabilities:        
Accrued interest payable 16,265 20,426    
Bank deposits 2,219,249 1,669,173    
Due to customers 839,910 457,844    
Level 1        
Financial assets:        
Loans receivable 0 0    
Accrued loan interest receivable 0 0    
Cash and cash equivalents 172,430 295,983    
Investments at fair value 24,759 22,207    
Investments - held-to-maturity asset-backed securities 0 0    
Notes receivable 0 0    
Beneficial interest in loan securitizations 0 0    
Restricted cash 285,845 357,639    
Restricted cash – due to customers 508,039 319,924    
Derivative instruments 0 0    
Financial liabilities:        
Bonds and notes payable 0 0    
Accrued interest payable 0 0    
Bank deposits 1,187,152 1,040,077    
Due to customers 839,910 457,844    
Derivative instruments 0 0    
Level 2        
Financial assets:        
Loans receivable 0 0    
Accrued loan interest receivable 542,799 528,936    
Cash and cash equivalents 0 0    
Investments at fair value 1,578,240 1,304,888    
Investments - held-to-maturity asset-backed securities 214,973 215,722    
Notes receivable 41,772 32,085    
Beneficial interest in loan securitizations 0 0    
Restricted cash 0 0    
Restricted cash – due to customers 0 0    
Derivative instruments 2,776 614    
Financial liabilities:        
Bonds and notes payable 7,065,938 7,784,936    
Accrued interest payable 16,265 20,426    
Bank deposits 1,019,123 618,598    
Due to customers 0 0    
Derivative instruments 295 1,727    
Level 3        
Financial assets:        
Loans receivable 9,718,535 9,978,262    
Accrued loan interest receivable 0 0    
Cash and cash equivalents 0 0    
Investments at fair value 0 0    
Investments - held-to-maturity asset-backed securities 0 0    
Notes receivable 0 0    
Beneficial interest in loan securitizations 202,812 211,398    
Restricted cash 0 0    
Restricted cash – due to customers 0 0    
Derivative instruments 0 0    
Financial liabilities:        
Bonds and notes payable 0 0    
Accrued interest payable 0 0    
Bank deposits 0 0    
Due to customers 0 0    
Derivative instruments 0 0    
Fair value        
Financial assets:        
Loans receivable 9,718,535 9,978,262    
Accrued loan interest receivable 542,799 528,936    
Cash and cash equivalents 172,430 295,983    
Investments at fair value 1,701,392 1,414,636    
Investments - held-to-maturity asset-backed securities 214,973 215,722    
Notes receivable 41,772 32,085    
Beneficial interest in loan securitizations 202,812 211,398    
Restricted cash 285,845 357,639    
Restricted cash – due to customers 508,039 319,924    
Derivative instruments 2,776 614    
Financial liabilities:        
Bonds and notes payable 7,065,938 7,784,936    
Accrued interest payable 16,265 20,426    
Bank deposits 2,206,275 1,658,675    
Due to customers 839,910 457,844    
Derivative instruments 295 1,727    
Carrying value        
Financial assets:        
Loans receivable 9,259,416 9,477,759    
Accrued loan interest receivable 542,799 528,936    
Cash and cash equivalents 172,430 295,983    
Investments at fair value 1,701,392 1,414,636    
Investments - held-to-maturity asset-backed securities 210,908 211,299    
Notes receivable 41,772 32,085    
Beneficial interest in loan securitizations 188,852 194,830    
Restricted cash 285,845 357,639    
Restricted cash – due to customers 508,039 319,924    
Derivative instruments 2,776 614    
Financial liabilities:        
Bonds and notes payable 7,043,156 7,780,927    
Accrued interest payable 16,265 20,426    
Bank deposits 2,219,249 1,669,173    
Due to customers 839,910 457,844    
Derivative instruments $ 295 $ 1,727