v3.26.3
Fair Value of Assets and Liabilities - Schedule of Financial Instruments, Assets and Liabilities not Recorded at Fair Value (Details) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Sep. 30, 2025
Assets:      
Cash and Cash Equivalents $ 74,059 $ 46,755 $ 38,962
Restricted Cash 147,800 [1] 94,363 [1] $ 142,647
Accounts Receivable 10,882 11,947  
Total Assets 990,842 740,087  
Liabilities:      
Accounts Payable and Accrued Liabilities 75,548 73,692  
Payable to Investors 134,841 77,604  
Notes Issued by Securitization Trusts [1] 320,350 149,902  
Total Liabilities 848,449 884,695  
Level 1 Inputs      
Assets:      
Cash and Cash Equivalents 74,059 46,755  
Accounts Receivable 0 0  
Total Assets 220,349 139,609  
Liabilities:      
Accounts Payable and Accrued Liabilities 0 0  
Transaction Fee Refund Liability (Note 17) 0 0  
Payable to Investors 0 0  
Notes Issued by Securitization Trusts 0 0  
Term Loan (Note 11) 0 0  
Total Liabilities 0 0  
Level 1 Inputs | Restricted Cash - Cash and Cash Equivalents      
Assets:      
Restricted Cash 146,290 92,854  
Level 1 Inputs | Restricted Cash - Certificates of Deposit      
Assets:      
Restricted Cash 0 0  
Level 2 Inputs      
Assets:      
Cash and Cash Equivalents 0 0  
Accounts Receivable 10,882 11,947  
Total Assets 12,392 13,456  
Liabilities:      
Accounts Payable and Accrued Liabilities 61,657 56,501  
Transaction Fee Refund Liability (Note 17) 0 0  
Payable to Investors 134,841 77,604  
Notes Issued by Securitization Trusts 317,056 151,325  
Term Loan (Note 11) 77,048 76,089  
Total Liabilities 590,602 361,519  
Level 2 Inputs | Restricted Cash - Cash and Cash Equivalents      
Assets:      
Restricted Cash 0 0  
Level 2 Inputs | Restricted Cash - Certificates of Deposit      
Assets:      
Restricted Cash 1,510 1,509  
Level 3 Inputs      
Assets:      
Cash and Cash Equivalents 0 0  
Accounts Receivable 0 0  
Total Assets 0 0  
Liabilities:      
Accounts Payable and Accrued Liabilities 0 0  
Transaction Fee Refund Liability (Note 17) 13,891 17,191  
Payable to Investors 0 0  
Notes Issued by Securitization Trusts 0 0  
Term Loan (Note 11) 0 0  
Total Liabilities 13,891 17,191  
Level 3 Inputs | Restricted Cash - Cash and Cash Equivalents      
Assets:      
Restricted Cash 0 0  
Level 3 Inputs | Restricted Cash - Certificates of Deposit      
Assets:      
Restricted Cash 0 0  
Carrying Amount      
Assets:      
Cash and Cash Equivalents 74,059 46,755  
Accounts Receivable 10,882 11,947  
Total Assets 232,741 153,065  
Liabilities:      
Accounts Payable and Accrued Liabilities 61,657 56,501  
Transaction Fee Refund Liability (Note 17) 13,891 17,191  
Payable to Investors 134,841 77,604  
Notes Issued by Securitization Trusts 320,350 149,902  
Term Loan (Note 11) 75,000 75,000  
Total Liabilities 605,739 376,198  
Carrying Amount | Restricted Cash - Cash and Cash Equivalents      
Assets:      
Restricted Cash 146,290 92,854  
Carrying Amount | Restricted Cash - Certificates of Deposit      
Assets:      
Restricted Cash 1,510 1,509  
Balance at Fair Value      
Assets:      
Cash and Cash Equivalents 74,059 46,755  
Accounts Receivable 10,882 11,947  
Total Assets 232,741 153,065  
Liabilities:      
Accounts Payable and Accrued Liabilities 61,657 56,501  
Transaction Fee Refund Liability (Note 17) 13,891 17,191  
Payable to Investors 134,841 77,604  
Notes Issued by Securitization Trusts 317,056 151,325  
Term Loan (Note 11) 77,048 76,089  
Total Liabilities 604,493 378,710  
Balance at Fair Value | Restricted Cash - Cash and Cash Equivalents      
Assets:      
Restricted Cash 146,290 92,854  
Balance at Fair Value | Restricted Cash - Certificates of Deposit      
Assets:      
Restricted Cash $ 1,510 $ 1,509  
[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