10-Q Filing

SOFI TECHNOLOGIES, INC. CIK: 1818874 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001818874-23-000095`
Period End Date	20230331
Filing Date	20230510
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	sofi-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 109 Income Statement 68 Cash Flow Statement 108 Stockholders Equity 44

Balance Sheet 109 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.49B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.42B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.33B	USD	Point-in-time
Restricted cash and restricted cash equivalents	`RestrictedCashAndCashEquivalents`	$424.39M	USD	Point-in-time
Restricted cash and restricted cash equivalents	`RestrictedCashAndCashEquivalents`	$377.08M	USD	Point-in-time
Restricted cash and restricted cash equivalents	`RestrictedCashAndCashEquivalents`	$489.74M	USD	Point-in-time
Investment securities (includes available-for-sale securities of $174,836 and $195,438 at fair value with associated amortized cost of $180,629 and $203,418, as of March 31, 2023 and December 31, 2022, respectively)	`OtherInvestments`	$396.77M	USD	Point-in-time
Investment securities (includes available-for-sale securities of $174,836 and $195,438 at fair value with associated amortized cost of $180,629 and $203,418, as of March 31, 2023 and December 31, 2022, respectively)	`OtherInvestments`	$360.07M	USD	Point-in-time
Loans held for sale, at fair value	`LoansReceivableHeldForSaleAmount`	$15.86B	USD	Point-in-time
Loans held for sale, at fair value	`LoansReceivableHeldForSaleAmount`	$13.56B	USD	Point-in-time
Investments in available-for-sale securities, fair value	`AvailableForSaleSecuritiesDebtSecurities`	$195.44M	USD	Point-in-time
Investments in available-for-sale securities, fair value	`AvailableForSaleSecuritiesDebtSecurities`	$174.84M	USD	Point-in-time
Loans held for investment (less allowance for credit losses on loans at amortized cost of $38,937 and $40,788, as of March 31, 2023 and December 31, 2022, respectively)	`NotesReceivableNet`	$328.03M	USD	Point-in-time
Loans held for investment (less allowance for credit losses on loans at amortized cost of $38,937 and $40,788, as of March 31, 2023 and December 31, 2022, respectively)	`NotesReceivableNet`	$307.96M	USD	Point-in-time
Servicing rights	`ServicingAssetAtFairValueAmount`	$146.51M	USD	Point-in-time
Investments in available-for-sale securities, amortized cost	`DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss`	$203.42M	USD	Point-in-time
Servicing rights	`ServicingAssetAtFairValueAmount`	$149.85M	USD	Point-in-time
Investments in available-for-sale securities, amortized cost	`DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss`	$180.63M	USD	Point-in-time
Property, equipment and software	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$170.10M	USD	Point-in-time
Property, equipment and software	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$180.11M	USD	Point-in-time
Loans held for investment, allowance for credit loss	`FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest`	$40.79M	USD	Point-in-time
Loans held for investment, allowance for credit loss	`FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest`	$38.94M	USD	Point-in-time
Other assets, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivable`	$1.65M	USD	Point-in-time
Other assets, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivable`	$2.29M	USD	Point-in-time
Goodwill	`Goodwill`	$1.62B	USD	Point-in-time
Other assets, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivable`	$2.79M	USD	Point-in-time
Other assets, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivable`	$1.65M	USD	Point-in-time
Goodwill	`Goodwill`	$1.62B	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$442.15M	USD	Point-in-time
Redeemable preferred stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$419.88M	USD	Point-in-time
Redeemable preferred stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Redeemable preferred stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Redeemable preferred stock, shares authorized (in shares)	`TemporaryEquitySharesAuthorized`	100.00M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$94.28M	USD	Point-in-time
Redeemable preferred stock, shares authorized (in shares)	`TemporaryEquitySharesAuthorized`	100.00M	shares	Point-in-time
Redeemable preferred stock, shares authorized (in shares)	`TemporaryEquitySharesAuthorized`	100.00M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$97.14M	USD	Point-in-time
Redeemable preferred stock, shares issued (in shares)	`TemporaryEquitySharesIssued`	3.23M	shares	Point-in-time
Other assets (less allowance for credit losses of $1,645 and $2,785, as of March 31, 2023 and December 31, 2022, respectively)	`OtherAssets`	$465.47M	USD	Point-in-time
Other assets (less allowance for credit losses of $1,645 and $2,785, as of March 31, 2023 and December 31, 2022, respectively)	`OtherAssets`	$417.33M	USD	Point-in-time
Redeemable preferred stock, shares issued (in shares)	`TemporaryEquitySharesIssued`	3.23M	shares	Point-in-time
Redeemable preferred stock, shares outstanding (in shares)	`TemporaryEquitySharesOutstanding`	3.23M	shares	Point-in-time
Redeemable preferred stock, shares outstanding (in shares)	`TemporaryEquitySharesOutstanding`	3.23M	shares	Point-in-time
Redeemable preferred stock, shares outstanding (in shares)	`TemporaryEquitySharesOutstanding`	3.23M	shares	Point-in-time
Total assets	`Assets`	$22.45B	USD	Point-in-time
Redeemable preferred stock, shares outstanding (in shares)	`TemporaryEquitySharesOutstanding`	3.23M	shares	Point-in-time
Total assets	`Assets`	$19.01B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	3.10B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	3.10B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	933.90M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	940.34M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	940.34M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	933.90M	shares	Point-in-time
Interest-bearing deposits	`InterestBearingDepositLiabilities`	$10.02B	USD	Point-in-time
Interest-bearing deposits	`InterestBearingDepositLiabilities`	$7.27B	USD	Point-in-time
Noninterest-bearing deposits	`NoninterestBearingDepositLiabilities`	$76.50M	USD	Point-in-time
Noninterest-bearing deposits	`NoninterestBearingDepositLiabilities`	$72.04M	USD	Point-in-time
Redemption amount	`TemporaryEquityAggregateAmountOfRedemptionRequirement`	$323.40M	USD	Point-in-time
Redemption amount	`TemporaryEquityAggregateAmountOfRedemptionRequirement`	$323.40M	USD	Point-in-time
Total deposits	`Deposits`	$10.09B	USD	Point-in-time
Total deposits	`Deposits`	$7.34B	USD	Point-in-time
Accounts payable, accruals and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$554.11M	USD	Point-in-time
Accounts payable, accruals and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$516.22M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$114.90M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$117.76M	USD	Point-in-time
Debt	`DebtLongtermAndShorttermCombinedAmount`	$6.13B	USD	Point-in-time
Debt	`DebtLongtermAndShorttermCombinedAmount`	$5.49B	USD	Point-in-time
Residual interests classified as debt	`BeneficialInterest`	$17.05M	USD	Point-in-time
Residual interests classified as debt	`BeneficialInterest`	$15.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.90B	USD	Point-in-time
Total liabilities	`Liabilities`	$13.48B	USD	Point-in-time
Commitments, guarantees, concentrations and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments, guarantees, concentrations and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable preferred stock, $0.00 par value: 100,000,000 and 100,000,000 shares authorized; 3,234,000 and 3,234,000 shares issued and outstanding, as of March 31, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$320.37M	USD	Point-in-time
Redeemable preferred stock, $0.00 par value: 100,000,000 and 100,000,000 shares authorized; 3,234,000 and 3,234,000 shares issued and outstanding, as of March 31, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$320.37M	USD	Point-in-time
Redeemable preferred stock, $0.00 par value: 100,000,000 and 100,000,000 shares authorized; 3,234,000 and 3,234,000 shares issued and outstanding, as of March 31, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$320.37M	USD	Point-in-time
Redeemable preferred stock, $0.00 par value: 100,000,000 and 100,000,000 shares authorized; 3,234,000 and 3,234,000 shares issued and outstanding, as of March 31, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$320.37M	USD	Point-in-time
Common stock	`CommonStockValue`	$94.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$93.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.78B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.72B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.50B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.54B	USD	Point-in-time
Total permanent equity	`StockholdersEquity`	$5.23B	USD	Point-in-time
Total permanent equity	`StockholdersEquity`	$4.38B	USD	Point-in-time
Total permanent equity	`StockholdersEquity`	$5.21B	USD	Point-in-time
Total permanent equity	`StockholdersEquity`	$5.21B	USD	Point-in-time
Total liabilities, temporary equity and permanent equity	`LiabilitiesAndStockholdersEquity`	$19.01B	USD	Point-in-time
Total liabilities, temporary equity and permanent equity	`LiabilitiesAndStockholdersEquity`	$22.45B	USD	Point-in-time
Restricted cash and restricted cash equivalents	`RestrictedCashAndCashEquivalents`	$424.39M	USD	Point-in-time
Restricted cash and restricted cash equivalents	`RestrictedCashAndCashEquivalents`	$377.08M	USD	Point-in-time
Restricted cash and restricted cash equivalents	`RestrictedCashAndCashEquivalents`	$489.74M	USD	Point-in-time
Loans held for sale, at fair value	`LoansReceivableHeldForSaleAmount`	$15.86B	USD	Point-in-time
Loans held for sale, at fair value	`LoansReceivableHeldForSaleAmount`	$13.56B	USD	Point-in-time
Total assets	`Assets`	$22.45B	USD	Point-in-time
Total assets	`Assets`	$19.01B	USD	Point-in-time
Accounts payable, accruals and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$554.11M	USD	Point-in-time
Accounts payable, accruals and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$516.22M	USD	Point-in-time
Debt	`DebtLongtermAndShorttermCombinedAmount`	$6.13B	USD	Point-in-time
Debt	`DebtLongtermAndShorttermCombinedAmount`	$5.49B	USD	Point-in-time
Residual interests classified as debt	`BeneficialInterest`	$17.05M	USD	Point-in-time
Residual interests classified as debt	`BeneficialInterest`	$15.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.90B	USD	Point-in-time
Total liabilities	`Liabilities`	$13.48B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Loans	`InterestAndFeeIncomeLoansAndLeases`	$114.39M	USD	1 Quarter
Loans	`InterestAndFeeIncomeLoansAndLeases`	$357.34M	USD	1 Quarter
Securitizations	`InterestIncomeSecuritizations`	$3.05M	USD	1 Quarter
Securitizations	`InterestIncomeSecuritizations`	$2.76M	USD	1 Quarter
Other	`InterestIncomeOther`	$11.17M	USD	1 Quarter
Other	`InterestIncomeOther`	$1.27M	USD	1 Quarter
Total interest income	`InterestIncomeOperating`	$371.56M	USD	1 Quarter
Total interest income	`InterestIncomeOperating`	$118.41M	USD	1 Quarter
Securitizations and warehouses	`InterestExpenseSecuritizationsAndWarehouses`	$19.91M	USD	1 Quarter
Securitizations and warehouses	`InterestExpenseSecuritizationsAndWarehouses`	$54.32M	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$431.00K	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$73.12M	USD	1 Quarter
Corporate borrowings	`InterestExpenseCorporateBorrowings`	$8.00M	USD	1 Quarter
Corporate borrowings	`InterestExpenseCorporateBorrowings`	$2.65M	USD	1 Quarter
Other	`InterestExpenseOther`	$493.00K	USD	1 Quarter
Other	`InterestExpenseOther`	$114.00K	USD	1 Quarter
Total interest expense	`InterestExpense`	$135.55M	USD	1 Quarter
Total interest expense	`InterestExpense`	$23.48M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$236.01M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$94.93M	USD	1 Quarter
Loan origination and sales	`NoninterestIncomeLoanOriginationsAndSales`	$157.70M	USD	1 Quarter
Loan origination and sales	`NoninterestIncomeLoanOriginationsAndSales`	$126.51M	USD	1 Quarter
Securitizations	`GainLossOnSecuritizationOfFinancialAssets`	$-11.28M	USD	1 Quarter
Securitizations	`GainLossOnSecuritizationOfFinancialAssets`	$-3.18M	USD	1 Quarter
Servicing	`NoninterestIncomeServicing`	$12.24M	USD	1 Quarter
Servicing	`NoninterestIncomeServicing`	$12.74M	USD	1 Quarter
Technology products and solutions	`RevenueFromContractWithCustomerExcludingAssessedTaxTechnologyProductsAndSolutions`	$59.86M	USD	1 Quarter
Technology products and solutions	`RevenueFromContractWithCustomerExcludingAssessedTaxTechnologyProductsAndSolutions`	$72.80M	USD	1 Quarter
Other	`NoninterestIncomeOther`	$16.89M	USD	1 Quarter
Other	`NoninterestIncomeOther`	$27.27M	USD	1 Quarter
Total noninterest income	`NoninterestIncome`	$236.15M	USD	1 Quarter
Total noninterest income	`NoninterestIncome`	$235.41M	USD	1 Quarter
Total net revenue (loss)	`RevenuesNetOfInterestExpense`	$472.16M	USD	1 Quarter
Total net revenue (loss)	`RevenuesNetOfInterestExpense`	$330.34M	USD	1 Quarter
Technology and product development	`ResearchAndDevelopmentExpense`	$81.91M	USD	1 Quarter
Technology and product development	`ResearchAndDevelopmentExpense`	$117.06M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$138.14M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$175.15M	USD	1 Quarter
Cost of operations	`CostOfRevenue`	$83.91M	USD	1 Quarter
Cost of operations	`CostOfRevenue`	$70.44M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$123.69M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$136.50M	USD	1 Quarter
Provision for credit losses	`FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal`	$8.41M	USD	1 Quarter
Provision for credit losses	`FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal`	$12.96M	USD	1 Quarter
Total noninterest expense	`NoninterestExpense`	$508.22M	USD	1 Quarter
Total noninterest expense	`NoninterestExpense`	$439.95M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-109.61M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-36.06M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-1.64M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$752.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-110.36M	USD	1 Quarter
Unrealized gains (losses) on available-for-sale securities, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$2.25M	USD	1 Quarter
Unrealized gains (losses) on available-for-sale securities, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-4.46M	USD	1 Quarter
Foreign currency translation adjustments, net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-38.00K	USD	1 Quarter
Foreign currency translation adjustments, net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-293.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.49M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.96M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-114.85M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-32.47M	USD	1 Quarter
Loss per share - basic (in dollars per share)	`EarningsPerShareBasic`	$-0.14	USD	1 Quarter
Loss per share - basic (in dollars per share)	`EarningsPerShareBasic`	$-0.05	USD	1 Quarter
Loss per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.14	USD	1 Quarter
Loss per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.05	USD	1 Quarter
Weighted average common stock outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	852.85M	shares	1 Quarter
Weighted average common stock outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	929.27M	shares	1 Quarter
Weighted average common stock outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	852.85M	shares	1 Quarter
Weighted average common stock outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	929.27M	shares	1 Quarter

Cash Flow Statement 108 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-34.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-110.36M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$77.02M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$64.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$45.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.70M	USD	1 Quarter
Deferred debt issuance and discount expense	`AmortizationOfFinancingCostsAndDiscounts`	$4.85M	USD	1 Quarter
Deferred debt issuance and discount expense	`AmortizationOfFinancingCostsAndDiscounts`	$4.21M	USD	1 Quarter
Provision for credit losses	`FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal`	$8.41M	USD	1 Quarter
Provision for credit losses	`FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal`	$12.96M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-40.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$68.00K	USD	1 Quarter
Fair value changes in residual interests classified as debt	`FairValueAdjustmentOfResidualInterestsClassifiedAsDebt`	$89.00K	USD	1 Quarter
Fair value changes in residual interests classified as debt	`FairValueAdjustmentOfResidualInterestsClassifiedAsDebt`	$2.96M	USD	1 Quarter
Fair value changes in securitization investments	`FairValueAdjustmentOfSecuritizationOfLoans`	$-100.00K	USD	1 Quarter
Fair value changes in securitization investments	`FairValueAdjustmentOfSecuritizationOfLoans`	$-6.54M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.22M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$2.32M	USD	1 Quarter
Changes in loans held for sale, net	`IncreaseDecreaseInLoansHeldForSale`	$2.30B	USD	1 Quarter
Changes in loans held for sale, net	`IncreaseDecreaseInLoansHeldForSale`	$1.05B	USD	1 Quarter
Servicing assets	`IncreaseDecreaseInServicingAssetsFromSecuritization`	$5.25M	USD	1 Quarter
Servicing assets	`IncreaseDecreaseInServicingAssetsFromSecuritization`	$-3.34M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-15.82M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$13.62M	USD	1 Quarter
Accounts payable, accruals and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-17.22M	USD	1 Quarter
Accounts payable, accruals and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.34M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.21B	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.01B	USD	1 Quarter
Purchases of property, equipment, software and intangible assets	`PaymentsToAcquireProductiveAssets`	$25.11M	USD	1 Quarter
Purchases of property, equipment, software and intangible assets	`PaymentsToAcquireProductiveAssets`	$23.72M	USD	1 Quarter
Capitalized software development costs	`CapitalizedComputerSoftwarePeriodIncreaseDecrease`	-	USD	1 Quarter
Capitalized software development costs	`CapitalizedComputerSoftwarePeriodIncreaseDecrease`	$2.81M	USD	1 Quarter
Purchases of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$260.61M	USD	1 Quarter
Purchases of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$36.83M	USD	1 Quarter
Proceeds from sales of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$265.63M	USD	1 Quarter
Proceeds from sales of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$17.65M	USD	1 Quarter
Proceeds from maturities and paydowns of available-for-sale investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$20.41M	USD	1 Quarter
Proceeds from maturities and paydowns of available-for-sale investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$11.96M	USD	1 Quarter
Changes in loans held for investment, net	`IncreaseDecreaseInFinancingReceivablesAfterAllowanceForCreditLoss`	$29.54M	USD	1 Quarter
Changes in loans held for investment, net	`IncreaseDecreaseInFinancingReceivablesAfterAllowanceForCreditLoss`	$33.88M	USD	1 Quarter
Proceeds from securitization investments	`ProceedsFromReceiptsFromSecuritizationInvestments`	$16.00M	USD	1 Quarter
Proceeds from securitization investments	`ProceedsFromReceiptsFromSecuritizationInvestments`	$42.77M	USD	1 Quarter
Purchases of non-securitization investments	`PaymentsToAcquireOtherInvestments`	-	USD	1 Quarter
Purchases of non-securitization investments	`PaymentsToAcquireOtherInvestments`	$7.56M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$17.95M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`CashAcquiredInExcessOfPaymentsToAcquireBusiness`	$73.31M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$49.88M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-40.15M	USD	1 Quarter
Net change in deposits	`IncreaseDecreaseInDeposits`	$961.83M	USD	1 Quarter
Net change in deposits	`IncreaseDecreaseInDeposits`	$2.75B	USD	1 Quarter
Net change in debt facilities	`ProceedsFromRepaymentsOfSecuredDebt`	$444.11M	USD	1 Quarter
Net change in debt facilities	`ProceedsFromRepaymentsOfSecuredDebt`	$1.05B	USD	1 Quarter
Proceeds from other debt issuances	`ProceedsFromIssuanceOfOtherLongTermDebt`	$340.00M	USD	1 Quarter
Proceeds from other debt issuances	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	1 Quarter
Repayment of other debt	`RepaymentsOfOtherLongTermDebt`	$112.28M	USD	1 Quarter
Repayment of other debt	`RepaymentsOfOtherLongTermDebt`	$147.99M	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$3.87M	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.17M	USD	1 Quarter
Taxes paid related to net share settlement of share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.42M	USD	1 Quarter
Taxes paid related to net share settlement of share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.59M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.87M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$168.00K	USD	1 Quarter
Finance lease principal payments	`FinanceLeasePrincipalPayments`	$125.00K	USD	1 Quarter
Finance lease principal payments	`FinanceLeasePrincipalPayments`	$120.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.90B	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.38B	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-38.00K	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-293.00K	USD	1 Quarter
Net increase in cash, cash equivalents, restricted cash and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$933.77M	USD	1 Quarter
Net increase in cash, cash equivalents, restricted cash and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.13B	USD	1 Quarter
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.70B	USD	Point-in-time
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$768.44M	USD	Point-in-time
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.85B	USD	Point-in-time
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.98B	USD	Point-in-time
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.70B	USD	Point-in-time
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$768.44M	USD	Point-in-time
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.85B	USD	Point-in-time
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.98B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.49B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.42B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.33B	USD	Point-in-time
Restricted cash and restricted cash equivalents	`RestrictedCashAndCashEquivalents`	$424.39M	USD	Point-in-time
Restricted cash and restricted cash equivalents	`RestrictedCashAndCashEquivalents`	$377.08M	USD	Point-in-time
Restricted cash and restricted cash equivalents	`RestrictedCashAndCashEquivalents`	$489.74M	USD	Point-in-time
Total cash, cash equivalents, restricted cash and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.70B	USD	Point-in-time
Total cash, cash equivalents, restricted cash and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$768.44M	USD	Point-in-time
Total cash, cash equivalents, restricted cash and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.85B	USD	Point-in-time
Total cash, cash equivalents, restricted cash and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.98B	USD	Point-in-time
Deposits credited but not yet received in cash	`DepositsCreditedButNotYetObtainedInCash`	$39.70M	USD	1 Quarter
Deposits credited but not yet received in cash	`DepositsCreditedButNotYetObtainedInCash`	$36.07M	USD	1 Quarter
Share-based compensation capitalized related to internally-developed software	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$6.43M	USD	1 Quarter
Share-based compensation capitalized related to internally-developed software	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$4.60M	USD	1 Quarter
Non-cash loan reduction	`NonCashLoanReduction`	$483.00K	USD	1 Quarter
Non-cash loan reduction	`NonCashLoanReduction`	$375.00K	USD	1 Quarter
Deferred debt issuance costs accrued but unpaid	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	1 Quarter
Deferred debt issuance costs accrued but unpaid	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$413.00K	USD	1 Quarter
Non-cash property, equipment, software and intangible asset additions	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	-	USD	1 Quarter
Non-cash property, equipment, software and intangible asset additions	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$82.00K	USD	1 Quarter
Deposits assumed in acquisition	`NoncashOrPartNoncashAcquisitionDepositsAssumed`	-	USD	1 Quarter
Deposits assumed in acquisition	`NoncashOrPartNoncashAcquisitionDepositsAssumed`	$158.02M	USD	1 Quarter
Loans held for investment received in acquisition	`NoncashOrPartNoncashAcquisitionFinancingReceivablesAcquired`	-	USD	1 Quarter
Loans held for investment received in acquisition	`NoncashOrPartNoncashAcquisitionFinancingReceivablesAcquired`	$84.48M	USD	1 Quarter
Available-for-sale securities received in acquisition	`NoncashOrPartNoncashAcquisitionInvestmentsAcquired1`	$10.01M	USD	1 Quarter
Available-for-sale securities received in acquisition	`NoncashOrPartNoncashAcquisitionInvestmentsAcquired1`	-	USD	1 Quarter
Property, equipment and software acquired in acquisition	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$3.19M	USD	1 Quarter
Property, equipment and software acquired in acquisition	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	-	USD	1 Quarter
Debt assumed in acquisition	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$2.00M	USD	1 Quarter
Debt assumed in acquisition	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	-	USD	1 Quarter

Stockholders Equity 44 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	940.34M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	933.90M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$5.23B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.38B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.21B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.21B	USD	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$81.62M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$70.65M	USD	1 Quarter
Vesting of RSUs	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Stock withheld related to taxes on vested RSUs	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.59M	USD	1 Quarter
Stock withheld related to taxes on vested RSUs	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.42M	USD	1 Quarter
Exercise of common stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	161,231.00	shares	1 Quarter
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.87M	USD	1 Quarter
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$168.00K	USD	1 Quarter
Issuance of common stock in acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$875.04M	USD	1 Quarter
Vested awards assumed in acquisition	`StockIssuedDuringPeriodValueAcquisitionsVestedSharesAcquired`	$2.85M	USD	1 Quarter
Redeemable preferred stock dividends	`RedeemablePreferredStockDividends`	$9.97M	USD	1 Quarter
Redeemable preferred stock dividends	`RedeemablePreferredStockDividends`	$9.97M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-110.36M	USD	1 Quarter
Other comprehensive loss, net of taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.49M	USD	1 Quarter
Other comprehensive loss, net of taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.96M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	940.34M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	933.90M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$5.23B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.38B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.21B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.21B	USD	Point-in-time
Temporary equity, beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	3.23M	shares	Point-in-time
Temporary equity, beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	3.23M	shares	Point-in-time
Temporary equity, beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	3.23M	shares	Point-in-time
Temporary equity, beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	3.23M	shares	Point-in-time
Temporary equity, beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$320.37M	USD	Point-in-time
Temporary equity, beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$320.37M	USD	Point-in-time
Temporary equity, beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$320.37M	USD	Point-in-time
Temporary equity, beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$320.37M	USD	Point-in-time
Temporary equity, ending balance (in shares)	`TemporaryEquitySharesOutstanding`	3.23M	shares	Point-in-time
Temporary equity, ending balance (in shares)	`TemporaryEquitySharesOutstanding`	3.23M	shares	Point-in-time
Temporary equity, ending balance (in shares)	`TemporaryEquitySharesOutstanding`	3.23M	shares	Point-in-time
Temporary equity, ending balance (in shares)	`TemporaryEquitySharesOutstanding`	3.23M	shares	Point-in-time
Temporary equity, ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$320.37M	USD	Point-in-time
Temporary equity, ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$320.37M	USD	Point-in-time
Temporary equity, ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$320.37M	USD	Point-in-time
Temporary equity, ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$320.37M	USD	Point-in-time

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