v3.26.3
Borrower Loans and Notes, at Fair Value
 9 Months Ended
Sep. 30, 2026
Entity Information [Line Items]  
Borrower Loans and Notes, at Fair Value Borrower Loans and Notes, at Fair Value
The aggregate principal balances outstanding and fair values of Borrower Loans and Notes, at Fair Value as of September 30, 2026 and December 31, 2025, are presented in the following table (in thousands):
Borrower LoansNotes
September 30, 2026December 31, 2025September 30, 2026December 31, 2025
Aggregate principal balance and interest outstanding$227,393 $324,505 $225,184 $256,929 
Fair value adjustments(11,682)(14,768)(12,788)(13,029)
Fair value$215,711 $309,737 $212,396 $243,900 
Borrower Loans
As of September 30, 2026, outstanding Borrower Loans had original terms to maturity of 24, 36, 48 or 60 months, had monthly payments with fixed interest rates ranging from 6.30% to 33.00%, and had various original maturity dates through September 2031. As of December 31, 2025, outstanding Borrower Loans had original terms to maturity of 24, 36, 48 or 60 months, had monthly payments with fixed interest rates ranging from 6.00% to 33.00%, and had various original maturity dates through December 2030.
As of September 30, 2026, Borrower Loans that were 90 days or more delinquent had an aggregate principal amount of $1.5 million and a fair value of $0.3 million. As of December 31, 2025, Borrower Loans that were 90 days or more delinquent had an aggregate principal amount of $2.9 million and a fair value of $0.6 million. Prosper places loans on non-accrual status when they are over 120 days past due. As of September 30, 2026 and December 31, 2025, Borrower Loans in non-accrual status had a fair value of $0.3 million and $0.4 million, respectively.
Prosper Funding LLC  
Entity Information [Line Items]  
Borrower Loans and Notes, at Fair Value Borrower Loans and Notes, at Fair Value
The aggregate principal balances outstanding and fair values of Borrower Loans and Notes as of September 30, 2026 and December 31, 2025, are presented in the following table (in thousands):
Borrower LoansNotes
September 30, 2026December 31, 2025September 30, 2026December 31, 2025
Aggregate principal balance outstanding and interest outstanding$227,393 $255,132 $225,184 $256,929 
Fair value adjustments(11,682)(9,795)(12,788)(13,029)
Fair value$215,711 $245,337 $212,396 $243,900 
 
As of September 30, 2026, outstanding Borrower Loans had original terms to maturity of 24, 36, 48 or 60 months, had monthly payments with fixed interest rates ranging from 6.30% to 33.00% and had various original maturity dates through September 2031. As of December 31, 2025, outstanding Borrower Loans had original maturities of 24, 36, 48 or 60 months, monthly payments with fixed interest rates ranging from 6.00% to 33.00% and had various original maturity dates through December 2030.
As of September 30, 2026, Borrower Loans that were 90 days or more delinquent had an aggregate principal amount of $1.5 million and a fair value of $0.3 million. As of December 31, 2025, Borrower Loans that were 90 days or more delinquent had an aggregate principal amount of $2.2 million and a fair value of $0.4 million. PFL places loans on non-accrual status when they are over 120 days past due. As of September 30, 2026 and December 31, 2025, Borrower Loans in non-accrual status had a fair value of $0.3 million and $0.3 million, respectively.
In the third quarter of 2026, Prosper exercised its clean-up call rights on two Personal Loan securitization transactions: PMIT 2023-1 and PMIT 2024-1. PFL served as the sole sponsor for both of these securitizations. In conjunction with these clean-up calls, performing Borrower Loans were sold to an unaffiliated third-party investor. Non-performing Borrower Loans, with an aggregate outstanding principal of $3.9 million, and a fair value of $1.6 million, were contributed to PFL, and are included in Borrower Loans, at Fair Value, on the accompanying condensed consolidated Balance Sheet. The fair value of these Borrower Loans was recorded as a deemed Contribution of Borrower Loans from Parent on the condensed consolidated Statement of Member’s Equity and as a non-cash financing activity on the condensed consolidated Statement of Cash Flows.