v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - Prosper Funding LLC - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from Operating Activities:    
Net Income (Loss) $ 112,758 $ (36,844)
Adjustments to Reconcile Net (Loss) Income to Net Cash Used in Operating Activities:    
Change in Fair Value of Financial Instruments, Net (15,098) 25,577
Gain on Sale of Borrower Loans (14,510) (9,703)
Change in Fair Value of Servicing Rights 5,982 6,352
Depreciation and Amortization 11,518 9,139
Changes in Operating Assets and Liabilities:    
Purchases of Loans Held for Sale, at Fair Value (2,342,129) (1,836,165)
Proceeds from Sales of Loans Held for Sale, at Fair Value 2,372,885 1,920,008
Accounts Payable and Accrued Liabilities 2,740 13,368
Payable to Investors 57,237 33,608
Other Liabilities (338) 1,453
Net Cash Provided by Operating Activities 159,193 155,915
Cash Flows from Investing Activities:    
Purchases of Borrower Loans, at Fair Value (109,434) (128,165)
Proceeds from Principal Payments and Sales of Borrower Loans, at Fair Value 152,088 142,000
Purchases of Property and Equipment (13,749) (12,019)
Net Cash Used in Investing Activities (232,267) (6,709)
Cash Flows from Financing Activities:    
Proceeds from Issuance of Notes, at Fair Value 107,162 126,900
Payments of Notes, at Fair Value (122,317) (141,344)
Net Cash Provided by (Used in) Financing Activities 153,815 (112,684)
Net Increase in Cash, Cash Equivalents and Restricted Cash 80,741 36,522
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 221,859 181,609
Supplemental Disclosure of Cash Flow Information:    
Cash Paid for Interest, Net 40,021 54,379
Non-Cash Investing Activity - Accrual for Property and Equipment, Net 1,703 1,928
Reconciliation to Amounts on Condensed Consolidated Balance Sheets:    
Cash and Cash Equivalents 74,059 38,962
Restricted Cash 147,800 [1] 142,647
Total Cash, Cash Equivalents and Restricted Cash 221,859 181,609
Prosper Funding LLC    
Cash flows from Operating Activities:    
Net Income (Loss) 3,978 (11,038)
Adjustments to Reconcile Net (Loss) Income to Net Cash Used in Operating Activities:    
Change in Fair Value of Financial Instruments, Net 703 835
Other Non-Cash Changes in Borrower Loans and Notes (168) (38)
Gain on Sale of Borrower Loans (14,510) (9,703)
Change in Fair Value of Servicing Rights 10,729 7,061
Depreciation and Amortization 8,011 6,052
Changes in Operating Assets and Liabilities:    
Purchases of Loans Held for Sale, at Fair Value (2,342,129) (1,836,165)
Proceeds from Sales of Loans Held for Sale, at Fair Value 2,342,129 1,836,165
Other Assets 508 (892)
Accounts Payable and Accrued Liabilities 4,277 8,482
Payable to Investors 56,870 33,198
Net Related Party Receivable/Payable 2,116 5,834
Other Liabilities 655 200
Net Cash Provided by Operating Activities 73,169 39,991
Cash Flows from Investing Activities:    
Purchases of Borrower Loans, at Fair Value (109,434) (128,165)
Proceeds from Principal Payments and Sales of Borrower Loans, at Fair Value 123,758 142,000
Purchases of Property and Equipment (15,270) (8,088)
Net Cash Used in Investing Activities (946) 5,747
Cash Flows from Financing Activities:    
Proceeds from Issuance of Notes, at Fair Value 107,162 126,900
Payments of Notes, at Fair Value (122,317) (141,344)
Net Cash Provided by (Used in) Financing Activities (15,155) (14,444)
Net Increase in Cash, Cash Equivalents and Restricted Cash 57,068 31,294
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 138,965 128,034
Supplemental Disclosure of Cash Flow Information:    
Cash Paid for Interest, Net 25,367 31,194
Non-Cash Investing Activity - Accrual for Property and Equipment, Net 1,083 696
Non-Cash Financing Activity – Contributions of Borrower Loans from Parent (Note 4) 1,581 0
Reconciliation to Amounts on Condensed Consolidated Balance Sheets:    
Cash and Cash Equivalents 3,463 2,779
Restricted Cash 135,502 125,255
Total Cash, Cash Equivalents and Restricted Cash $ 138,965 $ 128,034
[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.

September 30, 2026December 31, 2025
Assets of consolidated VIEs, included in total assets above:
Restricted Cash$9,009 $11,892 
Accounts Receivable3,967 1,376 
Borrower Loans, at Fair Value— 64,400 
Receivable from Credit Card Partner, at Fair Value398,414 99,865 
Total assets of consolidated VIEs$411,390 $177,533 
Liabilities of consolidated VIEs, included in total liabilities above:
Notes Issued by Securitization Trust$320,350 $149,902 
Other Liabilities8,273 2,163 
Total liabilities of consolidated VIEs$328,623 $152,065