v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - Prosper Funding LLC - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets:    
Cash and Cash Equivalents $ 74,059 $ 46,755
Restricted Cash [1] 147,800 94,363
Borrower Loans, at Fair Value 215,711 309,737
Servicing Assets 21,382 17,402
Total Assets 990,842 740,087
Liabilities and Member’s Equity:    
Accounts Payable and Accrued Liabilities 75,548 73,692
Payable to Investors 134,841 77,604
Notes, at Fair Value 212,396 243,900
Other Liabilities 29,878 34,778
Total Liabilities 848,449 884,695
Member's Equity:    
Accumulated Deficit (566,801) (679,913)
Total Stockholders' Deficit (424,528) (538,783)
Total Liabilities, Convertible Preferred Stock and Stockholders' Deficit 990,842 740,087
Prosper Funding LLC    
Assets:    
Cash and Cash Equivalents 3,463 2,864
Restricted Cash 135,502 79,033
Borrower Loans, at Fair Value 215,711 245,337
Property and Equipment, Net 19,531 21,983
Servicing Assets 21,382 17,601
Other Assets 801 1,309
Total Assets 396,390 368,127
Liabilities and Member’s Equity:    
Accounts Payable and Accrued Liabilities 31,135 26,858
Payable to Investors 134,841 77,971
Notes, at Fair Value 212,396 243,900
Other Liabilities 4,267 3,611
Total Liabilities 387,504 364,800
Member's Equity:    
Member's Equity 11,579 9,998
Accumulated Deficit (2,693) (6,671)
Total Stockholders' Deficit 8,886 3,327
Total Liabilities, Convertible Preferred Stock and Stockholders' Deficit 396,390 368,127
Prosper Funding LLC | Related Party    
Liabilities and Member’s Equity:    
Payable to Related Party $ 4,865 $ 12,460
[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