v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - Prosper Funding LLC - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from Operating Activities:    
Net Loss $ 71,032 $ (7,352)
Adjustments to Reconcile Net (Loss) Income to Net Cash Used in Operating Activities:    
Change in Fair Value of Financial Instruments, Net 43 22,113
Gain on Sale of Borrower Loans (9,006) (6,185)
Change in Fair Value of Servicing Rights 7,473 4,483
Depreciation and Amortization 7,854 5,964
Changes in Operating Assets and Liabilities:    
Purchase of Loans Held for Sale, at Fair Value (1,467,833) (1,194,264)
Proceeds from Sales of Loans Held for Sale, at Fair Value 1,494,287 1,254,924
Accounts Payable and Accrued Liabilities 4,493 10,804
Payable to Investors 70,585 18,810
Other Liabilities (1,220) 929
Net Cash Provided by Operating Activities 118,557 105,424
Cash Flows from Investing Activities:    
Purchase of Borrower Loans, at Fair Value (73,639) (85,833)
Proceeds from Principal Payments and Sales of Borrower Loans, at Fair Value 84,487 95,670
Purchases of Property and Equipment (9,547) (6,524)
Net Cash Used in Investing Activities (6,137) (1,738)
Cash Flows from Financing Activities:    
Proceeds from Issuance of Notes, at Fair Value 71,984 84,582
Payments of Notes, at Fair Value (83,623) (94,781)
Net Cash Used in Financing Activities (38,151) (81,097)
Net Increase in Cash, Cash Equivalents and Restricted Cash 74,269 22,589
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 141,118 145,087
Cash, Cash Equivalents and Restricted Cash at End of the Period 215,387 167,676
Supplemental Disclosure of Cash Flow Information:    
Cash Paid for Interest, Net 27,757 37,206
Non-Cash Investing Activity - Accrual for Property and Equipment, Net 1,323 4,070
Reconciliation to Amounts on Condensed Consolidated Balance Sheets:    
Cash and Cash Equivalents 55,064 38,154
Restricted Cash 160,323 [1] 129,522
Total Cash, Cash Equivalents and Restricted Cash 215,387 167,676
Prosper Funding LLC    
Cash flows from Operating Activities:    
Net Loss (292) (7,463)
Adjustments to Reconcile Net (Loss) Income to Net Cash Used in Operating Activities:    
Change in Fair Value of Financial Instruments, Net 540 214
Other Non-Cash Changes in Borrower Loans and Notes (8) 20
Gain on Sale of Borrower Loans (9,006) (6,185)
Change in Fair Value of Servicing Rights 6,853 5,738
Depreciation and Amortization 5,302 3,964
Changes in Operating Assets and Liabilities:    
Purchase of Loans Held for Sale, at Fair Value (1,467,833) (1,194,264)
Proceeds from Sales of Loans Held for Sale, at Fair Value 1,467,833 1,194,264
Other Assets (980) (1,145)
Accounts Payable and Accrued Liabilities 6,731 6,493
Payable to Investors 70,487 18,510
Net Related Party Receivable/Payable 1,922 3,817
Other Liabilities 366 81
Net Cash Provided by Operating Activities 81,915 24,044
Cash Flows from Investing Activities:    
Purchase of Borrower Loans, at Fair Value (73,639) (85,833)
Proceeds from Principal Payments and Sales of Borrower Loans, at Fair Value 84,487 95,670
Purchases of Property and Equipment (12,731) (6,488)
Net Cash Used in Investing Activities (1,883) 3,349
Cash Flows from Financing Activities:    
Proceeds from Issuance of Notes, at Fair Value 71,984 84,582
Payments of Notes, at Fair Value (83,623) (94,781)
Net Cash Used in Financing Activities (11,639) (10,199)
Net Increase in Cash, Cash Equivalents and Restricted Cash 68,393 17,194
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 81,897 96,740
Cash, Cash Equivalents and Restricted Cash at End of the Period 150,290 113,934
Supplemental Disclosure of Cash Flow Information:    
Cash Paid for Interest, Net 17,194 11,317
Non-Cash Investing Activity - Accrual for Property and Equipment, Net 898 696
Reconciliation to Amounts on Condensed Consolidated Balance Sheets:    
Cash and Cash Equivalents 2,532 3,290
Restricted Cash 147,758 110,644
Total Cash, Cash Equivalents and Restricted Cash $ 150,290 $ 113,934
[1] Includes amounts in consolidated variable interest entities (“VIEs”) presented separately in the table below.`
The following table presents the assets and liabilities of consolidated VIEs, which are included in the condensed consolidated balance sheets above. The assets in the table below may only be used to settle obligations of consolidated VIEs and are in excess of those obligations. Additionally, the assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs only and exclude intercompany balances that eliminate in consolidation. Refer to Note 7, Securitizations, and Note 11, Debt, within the notes to the condensed consolidated financial statements for additional information.

June 30, 2026December 31, 2025
Assets of consolidated VIEs, included in total assets above:
Restricted Cash$9,280 $11,892 
Accounts Receivable1,255 1,376 
Borrower Loans, at Fair Value35,439 64,400 
Receivable from Credit Card Partner, at Fair Value99,328 99,865 
Total assets of consolidated VIEs$145,302 $177,533 
Liabilities of consolidated VIEs, included in total liabilities above:
Notes Issued by Securitization Trust$122,518 $149,902 
Other Liabilities1,900 2,163 
Total liabilities of consolidated VIEs$124,418 $152,065