v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Summarized Option Activity Under Option Plan
Stock option activity under the 2015 Plan and 2025 Plan is summarized for the six months ended June 30, 2026 below:
Options Issued and Outstanding
Weighted Average Exercise Price
Balance as of January 1, 202676,886,581 $0.17 
Options granted4,243,880 $0.71 
Options exercised(1,229,353)$0.03 
Options forfeited(2,661,316)$0.37 
Options expired(3,800,533)$0.02 
Balance as of June 30, 202673,439,259 $0.21 
Options vested and expected to vest as of June 30, 202670,717,063 $0.21 
Options vested and exercisable as of June 30, 202664,342,024 $0.15 
Schedule of Fair Value of Stock Option Awards
The fair values of PMI’s stock option awards granted were estimated at the dates of grant using the Black-Scholes model with the following average assumptions for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Volatility of common stock60.00 %n/a62.62 %65.42 %
Risk-free interest rate4.14 %n/a4.03 %4.03 %
Expected life (in years)5.8 yearsn/a5.9 years6.0 years
Dividend yield— %n/a— %— %
Schedule of Restricted Stock Unit The following table summarizes the Company’s RSU activity for six months ended June 30, 2026:
Number of SharesWeighted-Average Grant Date Fair Value
Unvested as of January 1, 20262,559,633 $1.03 
Granted3,618,453 0.42 
Unvested as of June 30, 20266,178,086 $0.67 
Schedule of Stock Based Compensation Included in Consolidated Statements of Operations
The following table presents the amount of stock-based compensation related to stock-based awards granted to employees recognized in Prosper’s condensed consolidated statements of operations for the periods presented (in thousands):

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Origination and servicing$47 $27 $149 $55 
Sales and marketing18 18 33 35 
General and administrative266 304 613 586 
Total stock-based compensation$331 $349 $795 $676