10-Q Filing

AFFIRM HOLDINGS, INC. CIK: 1820953 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001628280-21-002353`
Period End Date	20201231
Filing Date	20210217
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	afrm-20201231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 108 Income Statement 108 Cash Flow Statement 109 Stockholders Equity 56

Balance Sheet 108 line items

Line Item	Tag	Value	Unit	Period
Redeemable convertible preferred stock, par value (in USD per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Redeemable convertible preferred stock, par value (in USD per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Redeemable convertible preferred stock, authorized (in shares)	`TemporaryEquitySharesAuthorized`	149.86M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$520.74M	USD	Point-in-time
Redeemable convertible preferred stock, authorized (in shares)	`TemporaryEquitySharesAuthorized`	124.45M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$267.06M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$116.05M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$61.07M	USD	Point-in-time
Redeemable convertible preferred stock, issued (in shares)	`TemporaryEquitySharesIssued`	148.40M	shares	Point-in-time
Redeemable convertible preferred stock, issued (in shares)	`TemporaryEquitySharesIssued`	122.12M	shares	Point-in-time
Loans held for sale	`LoansReceivableHeldForSaleAmount`	$12.30M	USD	Point-in-time
Redeemable convertible preferred stock, outstanding (in shares)	`TemporaryEquitySharesOutstanding`	148.40M	shares	Point-in-time
Redeemable convertible preferred stock, outstanding (in shares)	`TemporaryEquitySharesOutstanding`	122.12M	shares	Point-in-time
Loans held for sale	`LoansReceivableHeldForSaleAmount`	$4.46M	USD	Point-in-time
Loans held for investment	`NotesReceivableGross`	$1.89B	USD	Point-in-time
Loans held for investment	`NotesReceivableGross`	$1.03B	USD	Point-in-time
Redeemable convertible preferred stock, liquidation preference	`TemporaryEquityLiquidationPreference`	$809.03M	USD	Point-in-time
Redeemable convertible preferred stock, liquidation preference	`TemporaryEquityLiquidationPreference`	$1.31B	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$66.26M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$131.16M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$76.06M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$95.14M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$85.86M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$124.27M	USD	Point-in-time
Loans held for investment, net	`NotesReceivableNet`	$1.76B	USD	Point-in-time
Loans held for investment, net	`NotesReceivableNet`	$939.17M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	304.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	232.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$67.05M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	59.24M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	47.68M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$59.00M	USD	Point-in-time
Property, equipment and software, net	`PropertyPlantAndEquipmentNet`	$49.36M	USD	Point-in-time
Property, equipment and software, net	`PropertyPlantAndEquipmentNet`	$48.14M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	59.24M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	47.68M	shares	Point-in-time
Other assets	`OtherAssets`	$23.35M	USD	Point-in-time
Other assets	`OtherAssets`	$185.36M	USD	Point-in-time
Total Assets	`Assets`	$1.40B	USD	Point-in-time
Total Assets	`Assets`	$2.71B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$18.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$26.22M	USD	Point-in-time
Payable to third-party loan owners	`ThirdPartyLoanOwnerPayable`	$25.00M	USD	Point-in-time
Payable to third-party loan owners	`ThirdPartyLoanOwnerPayable`	$33.04M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$116.05M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrentAndNoncurrent`	$3.13M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$61.07M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrentAndNoncurrent`	$1.86M	USD	Point-in-time
Loans held for investment	`NotesReceivableGross`	$1.89B	USD	Point-in-time
Loans held for investment	`NotesReceivableGross`	$1.03B	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$44.63M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$27.81M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$66.26M	USD	Point-in-time
Convertible debt	`ConvertibleDebt`	$74.22M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$131.16M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$76.06M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$95.14M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$85.86M	USD	Point-in-time
Convertible debt	`ConvertibleDebt`	-	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$124.27M	USD	Point-in-time
Loans held for investment, net	`NotesReceivableNet`	$1.76B	USD	Point-in-time
Loans held for investment, net	`NotesReceivableNet`	$939.17M	USD	Point-in-time
Notes issued by securitization trusts	`SecuredDebt`	-	USD	Point-in-time
Notes issued by securitization trusts	`SecuredDebt`	$818.45M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$67.05M	USD	Point-in-time
Funding debt	`LineOfCredit`	$804.96M	USD	Point-in-time
Funding debt	`LineOfCredit`	$817.93M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$59.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$965.18M	USD	Point-in-time
Other assets	`OtherAssets`	$23.35M	USD	Point-in-time
Other assets	`OtherAssets`	$185.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.73B	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total Assets	`Assets`	$1.40B	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total Assets	`Assets`	$2.71B	USD	Point-in-time
Redeemable convertible preferred stock, $0.00001 par value, 124,453,009 and 149,860,292 shares authorized as of June 30, 2020 and December 31, 2020, respectively; 122,115,971 and 148,396,979 shares issued and outstanding as of June 30, 2020 and December 31, 2020, respectively; liquidation preference of $809,032 and $1,305,240 as of June 30, 2020 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$804.17M	USD	Point-in-time
Redeemable convertible preferred stock, $0.00001 par value, 124,453,009 and 149,860,292 shares authorized as of June 30, 2020 and December 31, 2020, respectively; 122,115,971 and 148,396,979 shares issued and outstanding as of June 30, 2020 and December 31, 2020, respectively; liquidation preference of $809,032 and $1,305,240 as of June 30, 2020 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$1.33B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$18.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$26.22M	USD	Point-in-time
Common stock, $0.00001 par value, 232,000,000 and 304,000,000 shares authorized as of June 30, 2020 and December 31, 2020, respectively; 47,684,427 and 59,239,370 shares issued and outstanding as of June 30, 2020 and December 31, 2020, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.00001 par value, 232,000,000 and 304,000,000 shares authorized as of June 30, 2020 and December 31, 2020, respectively; 47,684,427 and 59,239,370 shares issued and outstanding as of June 30, 2020 and December 31, 2020, respectively	`CommonStockValue`	-	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrentAndNoncurrent`	$3.13M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrentAndNoncurrent`	$1.86M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$80.37M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$142.48M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$44.63M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$27.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-494.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-447.17M	USD	Point-in-time
Notes issued by securitization trusts	`SecuredDebt`	-	USD	Point-in-time
Notes issued by securitization trusts	`SecuredDebt`	$818.45M	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-302.00K	USD	Point-in-time
Funding debt	`LineOfCredit`	$804.96M	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.94M	USD	Point-in-time
Funding debt	`LineOfCredit`	$817.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$965.18M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-337.16M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-367.10M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-349.58M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-348.11M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-284.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.73B	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-263.41M	USD	Point-in-time
Total Liabilities, Redeemable Convertible Preferred Stock and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$2.71B	USD	Point-in-time
Total Liabilities, Redeemable Convertible Preferred Stock and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$1.40B	USD	Point-in-time

Income Statement 108 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestAndDividendIncomeOperating`	$128.09M	USD	2 Qtrs
Interest income	`InterestAndDividendIncomeOperating`	$73.86M	USD	1 Quarter
Interest income	`InterestAndDividendIncomeOperating`	$85.24M	USD	2 Qtrs
Interest income	`InterestAndDividendIncomeOperating`	$45.07M	USD	1 Quarter
Gain on sales of loans	`GainLossOnSalesOfLoansNet`	$10.46M	USD	2 Qtrs
Gain on sales of loans	`GainLossOnSalesOfLoansNet`	$4.74M	USD	1 Quarter
Gain on sales of loans	`GainLossOnSalesOfLoansNet`	$14.56M	USD	1 Quarter
Gain on sales of loans	`GainLossOnSalesOfLoansNet`	$30.99M	USD	2 Qtrs
Servicing income	`ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets`	$5.17M	USD	1 Quarter
Servicing income	`ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets`	$9.26M	USD	2 Qtrs
Servicing income	`ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets`	$7.36M	USD	2 Qtrs
Servicing income	`ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets`	$5.29M	USD	1 Quarter
Total Revenue, net	`Revenues`	$204.04M	USD	1 Quarter
Total Revenue, net	`Revenues`	$129.98M	USD	1 Quarter
Total Revenue, net	`Revenues`	$378.02M	USD	2 Qtrs
Total Revenue, net	`Revenues`	$217.92M	USD	2 Qtrs
Loss on loan purchase commitment	`LossOnFinancingReceivableCommitmentsToPurchase`	$42.66M	USD	1 Quarter
Loss on loan purchase commitment	`LossOnFinancingReceivableCommitmentsToPurchase`	$133.64M	USD	2 Qtrs
Loss on loan purchase commitment	`LossOnFinancingReceivableCommitmentsToPurchase`	$67.77M	USD	1 Quarter
Loss on loan purchase commitment	`LossOnFinancingReceivableCommitmentsToPurchase`	$62.62M	USD	2 Qtrs
Provision for credit losses	`ProvisionForLoanLossesExpensed`	$17.47M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanLossesExpensed`	$30.18M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanLossesExpensed`	$55.02M	USD	2 Qtrs
Provision for credit losses	`ProvisionForLoanLossesExpensed`	$57.73M	USD	2 Qtrs
Funding costs	`InterestExpenseDebt`	$22.41M	USD	2 Qtrs
Funding costs	`InterestExpenseDebt`	$8.17M	USD	1 Quarter
Funding costs	`InterestExpenseDebt`	$16.30M	USD	2 Qtrs
Funding costs	`InterestExpenseDebt`	$12.06M	USD	1 Quarter
Processing and servicing	`ProcessingAndServicingExpense`	$11.65M	USD	1 Quarter
Processing and servicing	`ProcessingAndServicingExpense`	$16.80M	USD	1 Quarter
Processing and servicing	`ProcessingAndServicingExpense`	$21.35M	USD	2 Qtrs
Processing and servicing	`ProcessingAndServicingExpense`	$30.30M	USD	2 Qtrs
Technology and data analytics	`TechnologyAndDataAnalyticsExpense`	$56.98M	USD	2 Qtrs
Technology and data analytics	`TechnologyAndDataAnalyticsExpense`	$41.63M	USD	1 Quarter
Technology and data analytics	`TechnologyAndDataAnalyticsExpense`	$31.61M	USD	1 Quarter
Technology and data analytics	`TechnologyAndDataAnalyticsExpense`	$75.40M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$39.11M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$7.65M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$61.69M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$12.87M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$73.18M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$40.92M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$58.39M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$30.69M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$162.61M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$235.76M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$454.36M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$283.53M	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-32.63M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-31.72M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-76.34M	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-65.61M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$29.68M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$4.00M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$240.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.73M	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-30.90M	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-61.60M	USD	2 Qtrs
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-46.66M	USD	2 Qtrs
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-31.48M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$78.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$93.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$175.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$189.00K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-31.56M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-15.28M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-31.00M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-61.79M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-30.80M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-46.83M	USD	2 Qtrs
Excess return to preferred stockholders on repurchase	`PreferredStockDividendsAndOtherAdjustments`	$13.21M	USD	2 Qtrs
Excess return to preferred stockholders on repurchase	`PreferredStockDividendsAndOtherAdjustments`	$13.21M	USD	1 Quarter
Excess return to preferred stockholders on repurchase	`PreferredStockDividendsAndOtherAdjustments`	-	USD	2 Qtrs
Excess return to preferred stockholders on repurchase	`PreferredStockDividendsAndOtherAdjustments`	-	USD	1 Quarter
Net Loss Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-31.56M	USD	1 Quarter
Net Loss Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-44.20M	USD	1 Quarter
Net Loss Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-75.00M	USD	2 Qtrs
Net Loss Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-46.83M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$25.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$406.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$10.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-15.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.83M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.24M	USD	2 Qtrs
Net Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-15.00K	USD	1 Quarter
Net Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$10.00K	USD	2 Qtrs
Net Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.83M	USD	1 Quarter
Net Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.24M	USD	2 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-29.72M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-31.01M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-44.59M	USD	2 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-61.78M	USD	2 Qtrs
Basic (in USD per share)	`EarningsPerShareBasic`	$-0.92	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$-1.55	USD	2 Qtrs
Basic (in USD per share)	`EarningsPerShareBasic`	$-0.69	USD	2 Qtrs
Basic (in USD per share)	`EarningsPerShareBasic`	$-0.45	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$-0.92	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$-1.55	USD	2 Qtrs
Diluted (in USD per share)	`EarningsPerShareDiluted`	$-1.07	USD	2 Qtrs
Diluted (in USD per share)	`EarningsPerShareDiluted`	$-0.45	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	67.80M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	70.80M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.08M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.24M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.24M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.08M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	70.80M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.53M	shares	2 Qtrs

Cash Flow Statement 109 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-31.56M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-15.28M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-31.00M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-61.79M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-30.80M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-46.83M	USD	2 Qtrs
Provision for credit losses	`ProvisionForLoanLossesExpensed`	$17.47M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanLossesExpensed`	$30.18M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanLossesExpensed`	$55.02M	USD	2 Qtrs
Provision for credit losses	`ProvisionForLoanLossesExpensed`	$57.73M	USD	2 Qtrs
Amortization of premiums and discounts on loans, net	`AccretionAmortizationOfDiscountsAndPremiumsFinancingReceivables`	$13.19M	USD	2 Qtrs
Amortization of premiums and discounts on loans, net	`AccretionAmortizationOfDiscountsAndPremiumsFinancingReceivables`	$31.45M	USD	2 Qtrs
Gain on sales of loans	`GainLossOnSalesOfLoansNet`	$10.46M	USD	2 Qtrs
Gain on sales of loans	`GainLossOnSalesOfLoansNet`	$4.74M	USD	1 Quarter
Gain on sales of loans	`GainLossOnSalesOfLoansNet`	$14.56M	USD	1 Quarter
Gain on sales of loans	`GainLossOnSalesOfLoansNet`	$30.99M	USD	2 Qtrs
Changes in fair value of servicing assets and liabilities	`GainLossOnServicingAssetsAndLiabilities`	$188.00K	USD	2 Qtrs
Changes in fair value of servicing assets and liabilities	`GainLossOnServicingAssetsAndLiabilities`	$-902.00K	USD	2 Qtrs
Changes in fair value and extinguishment of convertible debt derivative	`EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet`	-	USD	2 Qtrs
Changes in fair value and extinguishment of convertible debt derivative	`EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet`	$30.11M	USD	2 Qtrs
Change in fair value of residual trust certificates	`GainLossOnResidualTrustCertificates`	-	USD	2 Qtrs
Change in fair value of residual trust certificates	`GainLossOnResidualTrustCertificates`	$274.00K	USD	2 Qtrs
Amortization of commercial agreement asset	`AmortizationOfCommercialAgreementAsset`	$31.30M	USD	2 Qtrs
Amortization of commercial agreement asset	`AmortizationOfCommercialAgreementAsset`	-	USD	2 Qtrs
Amortization of commercial agreement asset	`AmortizationOfCommercialAgreementAsset`	$17.00M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$2.36M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.14M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$16.79M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$12.72M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.54M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.07M	USD	2 Qtrs
Income tax expense	`DeferredIncomeTaxesAndTaxCredits`	$175.00K	USD	2 Qtrs
Income tax expense	`DeferredIncomeTaxesAndTaxCredits`	$189.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-2.24M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-12.00K	USD	2 Qtrs
Purchases of loans held for sale	`PaymentsToPurchaseLoansHeldForSale`	$1.03B	USD	2 Qtrs
Purchases of loans held for sale	`PaymentsToPurchaseLoansHeldForSale`	$1.08B	USD	2 Qtrs
Proceeds from the sale of loans held for sale	`ProceedsFromSaleOfLoansHeldForSale`	$1.00B	USD	2 Qtrs
Proceeds from the sale of loans held for sale	`ProceedsFromSaleOfLoansHeldForSale`	$1.05B	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$9.08M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$3.06M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$16.91M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.25M	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$1.26M	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$1.80M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.99M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.86M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$5.08M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$16.80M	USD	2 Qtrs
Payable to third-party loan owners	`IncreaseDecreaseInThirdPartyLoanOwnerPayable`	$6.87M	USD	2 Qtrs
Payable to third-party loan owners	`IncreaseDecreaseInThirdPartyLoanOwnerPayable`	$8.05M	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.96M	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.65M	USD	2 Qtrs
Purchases of loans held for investment	`PaymentsToAcquireFinanceReceivables`	$1.34B	USD	2 Qtrs
Purchases of loans held for investment	`PaymentsToAcquireFinanceReceivables`	$2.58B	USD	2 Qtrs
Origination of loans	`OriginationOfLoans`	$109.05M	USD	2 Qtrs
Origination of loans	`OriginationOfLoans`	-	USD	2 Qtrs
Proceeds from the sale of loans	`ProceedsFromSaleOfFinanceReceivables`	$137.06M	USD	2 Qtrs
Proceeds from the sale of loans	`ProceedsFromSaleOfFinanceReceivables`	$204.96M	USD	2 Qtrs
Principal repayments of loans	`ProceedsFromCollectionOfFinanceReceivables`	$1.70B	USD	2 Qtrs
Principal repayments of loans	`ProceedsFromCollectionOfFinanceReceivables`	$943.49M	USD	2 Qtrs
Acquisition funds in transit	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Acquisition funds in transit	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$113.63M	USD	2 Qtrs
Additions to property, equipment and software	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.50M	USD	2 Qtrs
Additions to property, equipment and software	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.06M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-906.71M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-272.81M	USD	2 Qtrs
Proceeds from funding debt	`ProceedsFromLongTermLinesOfCredit`	$1.53B	USD	2 Qtrs
Proceeds from funding debt	`ProceedsFromLongTermLinesOfCredit`	$969.78M	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$6.79M	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.37M	USD	2 Qtrs
Principal repayments of funding debt	`RepaymentsOfLongTermLinesOfCredit`	$739.61M	USD	2 Qtrs
Principal repayments of funding debt	`RepaymentsOfLongTermLinesOfCredit`	$1.54B	USD	2 Qtrs
Proceeds from issuance of notes and residual trust certificates by securitization trusts	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	2 Qtrs
Proceeds from issuance of notes and residual trust certificates by securitization trusts	`ProceedsFromIssuanceOfSecuredDebt`	$896.46M	USD	2 Qtrs
Principal repayments of notes issued by securitization trusts	`RepaymentsOfSecuredDebt`	$70.39M	USD	2 Qtrs
Principal repayments of notes issued by securitization trusts	`RepaymentsOfSecuredDebt`	-	USD	2 Qtrs
Proceeds from issuance of redeemable convertible preferred stock, net	`ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock`	$15.48M	USD	2 Qtrs
Proceeds from issuance of redeemable convertible preferred stock, net	`ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock`	$434.54M	USD	2 Qtrs
Repurchases of redeemable convertible preferred stock	`PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock`	-	USD	2 Qtrs
Repurchases of redeemable convertible preferred stock	`PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock`	$22.59M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$23.42M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.22M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$18.45M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$783.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.27B	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$204.46M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-103.00M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$308.66M	USD	2 Qtrs
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$636.79M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$357.77M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$254.78M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$328.13M	USD	Point-in-time
Cash and Cash Equivalents and Restricted Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$636.79M	USD	Point-in-time
Cash and Cash Equivalents and Restricted Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$357.77M	USD	Point-in-time
Cash and Cash Equivalents and Restricted Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$254.78M	USD	Point-in-time
Cash and Cash Equivalents and Restricted Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$328.13M	USD	Point-in-time
Cash payments for interest	`InterestPaidNet`	$13.92M	USD	2 Qtrs
Cash payments for interest	`InterestPaidNet`	$16.72M	USD	2 Qtrs
Stock-based compensation included in capitalized internal-use software	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$253.00K	USD	1 Quarter
Stock-based compensation included in capitalized internal-use software	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$1.23M	USD	2 Qtrs
Stock-based compensation included in capitalized internal-use software	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$786.00K	USD	1 Quarter
Stock-based compensation included in capitalized internal-use software	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$1.68M	USD	2 Qtrs
Additions to property and equipment included in accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$24.00K	USD	2 Qtrs
Additions to property and equipment included in accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$1.56M	USD	2 Qtrs
Issuance of warrants in exchange for commercial agreement	`WarrantsIssued`	$67.64M	USD	2 Qtrs
Issuance of warrants in exchange for commercial agreement	`WarrantsIssued`	-	USD	2 Qtrs
Conversion of convertible debt	`DebtConversionConvertedInstrumentAmount1`	-	USD	2 Qtrs
Conversion of convertible debt	`DebtConversionConvertedInstrumentAmount1`	$88.56M	USD	2 Qtrs

Stockholders Equity 56 line items

Line Item	Tag	Value	Unit	Period
Preferred stock issuance costs	`PaymentsOfStockIssuanceCosts`	$143.00K	USD	1 Quarter
Preferred stock issuance costs	`PaymentsOfStockIssuanceCosts`	$440.00K	USD	1 Quarter
Preferred stock issuance costs	`PaymentsOfStockIssuanceCosts`	$20.00K	USD	1 Quarter
Beginning balance, Redeemable Convertible Preferred Stock (in shares)	`TemporaryEquitySharesOutstanding`	148.40M	shares	Point-in-time
Beginning balance, Redeemable Convertible Preferred Stock (in shares)	`TemporaryEquitySharesOutstanding`	122.12M	shares	Point-in-time
Beginning balance, Redeemable Convertible Preferred Stock	`TemporaryEquityCarryingAmountAttributableToParent`	$804.17M	USD	Point-in-time
Beginning balance, Redeemable Convertible Preferred Stock	`TemporaryEquityCarryingAmountAttributableToParent`	$1.33B	USD	Point-in-time
Ending balance, Redeemable Convertible Preferred Stock (in shares)	`TemporaryEquitySharesOutstanding`	148.40M	shares	Point-in-time
Ending balance, Redeemable Convertible Preferred Stock (in shares)	`TemporaryEquitySharesOutstanding`	122.12M	shares	Point-in-time
Ending balance, Redeemable Convertible Preferred Stock	`TemporaryEquityCarryingAmountAttributableToParent`	$804.17M	USD	Point-in-time
Ending balance, Redeemable Convertible Preferred Stock	`TemporaryEquityCarryingAmountAttributableToParent`	$1.33B	USD	Point-in-time
Beginning balance, Common Stock (in shares)	`CommonStockSharesOutstanding`	59.24M	shares	Point-in-time
Beginning balance, Common Stock (in shares)	`CommonStockSharesOutstanding`	47.68M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$-337.16M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-367.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-349.58M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-348.11M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-284.98M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-263.41M	USD	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$1.74M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$743.00K	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$478.00K	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$21.68M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$199.00K	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$17.59M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$865.00K	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$584.00K	USD	1 Quarter
Repurchases of redeemable convertible preferred stock	`AdjustmentsToAdditionalPaidInCapitalTemporaryEquityDecreaseInCarryingAmountOfRedeemablePreferredStock`	$13.21M	USD	1 Quarter
Vesting and exercise of warrants (in shares)	`StockIssuedDuringPeriodSharesWarrantsExercised`	5.07M	shares	2 Qtrs
Vesting and exercise of warrants for common stock	`StockIssuedDuringPeriodValueWarrantsExercised`	$67.64M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.77M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.15M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.32M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.17M	USD	1 Quarter
Conversion of convertible debt	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments`	$42.10M	USD	Point-in-time
Conversion of convertible debt	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments`	$42.12M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$25.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$406.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$10.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-15.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.83M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.24M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-31.56M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.28M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-61.79M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-30.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-46.83M	USD	2 Qtrs
Ending balance, Common Stock (in shares)	`CommonStockSharesOutstanding`	59.24M	shares	Point-in-time
Ending balance, Common Stock (in shares)	`CommonStockSharesOutstanding`	47.68M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$-337.16M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-367.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-349.58M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-348.11M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-284.98M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-263.41M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.