Significant Concentrations |
6 Months Ended |
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Jun. 30, 2026 | |
| Entity Information [Line Items] | |
| Significant Concentrations | Significant Concentrations Prosper is dependent on third-party funding sources such as banks, credit unions, asset managers, investment funds and insurance companies to provide the funds to allow WebBank to originate Borrower Loans that the third-party funding sources will later purchase. Prosper receives all of its personal loan transaction fee revenue from WebBank for its services in facilitating originations of Borrower Loans issued by WebBank. The rate of the transaction fee for each individual Borrower Loan is based on the term and credit grade of the Borrower Loan and currently ranges from 1.00% to 9.99% for newly originated loans. No individual borrower or investor accounted for 10% or more of consolidated net revenue for any of the periods presented. Of all Borrower Loans originated in the three months ended June 30, 2026, three individual third parties purchased 43.3%, 13.1% and 11.4% of all Borrower Loans originated. For the three months ended June 30, 2025, four individual third parties purchased 17.0%, 14.0%, 12.9%, and 10.9% of all Borrower Loans originated. Of all Borrower Loans originated in the six months ended June 30, 2026, one individual third party purchased 47.8% of all Borrower Loans originated. For the six months ended June 30, 2025, four individual third parties purchased 15.5%, 13.8%, 13.5%, and 13.4% of all Borrower Loans originated. These purchases indicate that a significant portion of Prosper’s business is dependent on funding through the Whole Loan Channel, through which 95% and 94% of Borrower Loans were originated for the three months ended June 30, 2026 and 2025, respectively, and through which 95% and 93% of Borrower Loans were originated for the six months ended June 30, 2026 and 2025, respectively. Additionally, the net revenue the Company generates from its Credit Card product is largely dependent on its partnership with Coastal. In accordance with the Program Agreement between Prosper and Coastal, the receivables associated with these Credit Cards are maintained on the balance sheet of Coastal. This includes both the securitized (for accounting purposes) and non-securitized portions of the Credit Card portfolio.
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| Prosper Funding LLC | |
| Entity Information [Line Items] | |
| Significant Concentrations | Significant Concentrations PFL is dependent on third-party funding sources such as banks, credit unions, asset managers, investment funds and insurance companies to provide the funds to allow WebBank to originate Borrower Loans that the third-party funding sources will later purchase. PFL receives all of its personal loan transaction fee revenue from WebBank for its services in facilitating originations of Borrower Loans issued by WebBank. The rate of the transaction fee for each individual Borrower Loan is based on the term and credit grade of the Borrower Loan and currently ranges from 1.00% to 9.99% for newly originated loans. No individual borrower or investor accounted for 10% or more of consolidated net revenue for any of the periods presented. Of all Borrower Loans originated in the three months ended June 30, 2026, three individual third parties purchased 43.3%, 13.1% and 11.4% of all Borrower Loans originated. For the three months ended June 30, 2025, four individual third parties purchased 17.0%, 14.0%, 12.9%, and 10.9% of all Borrower Loans originated. Of all Borrower Loans originated in the six months ended June 30, 2026, one individual third parties purchased 47.8% of all Borrower Loans originated. For the six months ended June 30, 2025, four individual third parties purchased 15.5%, 13.8%, 13.5%, and 13.4% of all Borrower Loans originated. These purchases indicate that a significant portion of PFL’s business is dependent on funding through the Whole Loan Channel, through which 95% and 94% of Borrower Loans were originated for the three months ended June 30, 2026 and 2025, respectively, and through which 95% and 93% of Borrower Loans were originated for the six months ended June 30, 2026 and 2025, respectively.
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