Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Entity Information [Line Items] | |
| Income Taxes | Income Taxes For the three months ended June 30, 2026 and 2025, PMI recognized $0.3 million and $28 thousand, respectively, of income tax expense. For the six months ended June 30, 2026 and 2025, PMI recognized $0.3 million and $56 thousand, respectively, of income tax expense. The income tax expense relates to state income tax expense and the amortization of tax deductible goodwill which gives rise to an indefinite-lived deferred tax liability. No other income tax expense or benefit was recorded for the three and six month periods ended June 30, 2026 and 2025 due to a full valuation allowance recorded against the Company’s deferred tax assets. Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to utilize our existing deferred tax assets. Management is in the process of evaluating whether it is more likely than not that the Company’s deferred tax assets will be realized, and a full valuation allowance has been recorded until management’s evaluation has been completed.
|
| Prosper Funding LLC | |
| Entity Information [Line Items] | |
| Income Taxes | Income Taxes PFL incurred no income tax provision for the six months ended June 30, 2026 and 2025. PFL is a U.S. disregarded entity and its income and loss are included in the income tax reporting of its parent, PMI. Since PMI is in a taxable loss position, is not currently subject to income taxes, and has fully reserved against its deferred tax asset, the net effective tax rate for PFL is 0%.
|