10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001820953-22-000005 |
| Period End Date | 20211231 |
| Filing Date | 20220214 |
| Fiscal Year | 2022 |
| Fiscal Period | Q2 |
| XBRL Instance | afrm-20211231_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
94 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.57B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.47B | USD | Point-in-time |
| Restricted cash |
RestrictedCash
|
$247.40M | USD | Point-in-time |
| Restricted cash |
RestrictedCash
|
$226.07M | USD | Point-in-time |
| Securities available for sale at fair value |
OtherInvestments
|
$16.17M | USD | Point-in-time |
| Securities available for sale at fair value |
OtherInvestments
|
$475.38M | USD | Point-in-time |
| Loans held for sale |
LoansReceivableHeldForSaleAmount
|
$27.39M | USD | Point-in-time |
| Loans held for sale |
LoansReceivableHeldForSaleAmount
|
$13.03M | USD | Point-in-time |
| Loans held for investment |
NotesReceivableGross
|
$2.02B | USD | Point-in-time |
| Loans held for investment |
NotesReceivableGross
|
$2.43B | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLosses
|
$117.76M | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLosses
|
$95.14M | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLosses
|
$123.02M | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLosses
|
$158.29M | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLosses
|
$124.99M | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLosses
|
$152.02M | USD | Point-in-time |
| Loans held for investment, net |
NotesReceivableNet
|
$2.27B | USD | Point-in-time |
| Restricted cash |
RestrictedCash
|
$247.40M | USD | Point-in-time |
| Restricted cash |
RestrictedCash
|
$226.07M | USD | Point-in-time |
| Loans held for investment, net |
NotesReceivableNet
|
$1.90B | USD | Point-in-time |
| Loans held for investment |
NotesReceivableGross
|
$2.02B | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNet
|
$134.57M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNet
|
$91.58M | USD | Point-in-time |
| Loans held for investment |
NotesReceivableGross
|
$2.43B | USD | Point-in-time |
| Property, equipment and software, net |
PropertyPlantAndEquipmentNet
|
$113.57M | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLosses
|
$117.76M | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLosses
|
$95.14M | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLosses
|
$123.02M | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLosses
|
$158.29M | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLosses
|
$124.99M | USD | Point-in-time |
| Property, equipment and software, net |
PropertyPlantAndEquipmentNet
|
$62.50M | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLosses
|
$152.02M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$516.51M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$541.40M | USD | Point-in-time |
| Loans held for investment, net |
NotesReceivableNet
|
$2.27B | USD | Point-in-time |
| Loans held for investment, net |
NotesReceivableNet
|
$1.90B | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$66.19M | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$67.93M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNet
|
$134.57M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNet
|
$91.58M | USD | Point-in-time |
| Commercial agreement assets |
CommercialAgreementAssetNet
|
$227.38M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$195.86M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$274.68M | USD | Point-in-time |
| Commercial agreement assets |
CommercialAgreementAssetNet
|
$316.05M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$195.86M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$274.68M | USD | Point-in-time |
| Total Assets |
Assets
|
$6.95B | USD | Point-in-time |
| Total Assets |
Assets
|
$4.87B | USD | Point-in-time |
| Total Assets |
Assets
|
$6.95B | USD | Point-in-time |
| Total Assets |
Assets
|
$4.87B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$57.76M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$45.59M | USD | Point-in-time |
| Accrued interest payable |
InterestPayableCurrentAndNoncurrent
|
$2.75M | USD | Point-in-time |
| Accrued interest payable |
InterestPayableCurrentAndNoncurrent
|
$2.62M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$57.76M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$45.59M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesAndOtherLiabilities
|
$323.58M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesAndOtherLiabilities
|
$436.53M | USD | Point-in-time |
| Payable to third-party loan owners |
ThirdPartyLoanOwnerPayable
|
$50.08M | USD | Point-in-time |
| Notes issued by securitization trusts |
SecuredDebt
|
$1.18B | USD | Point-in-time |
| Payable to third-party loan owners |
ThirdPartyLoanOwnerPayable
|
$71.52M | USD | Point-in-time |
| Notes issued by securitization trusts |
SecuredDebt
|
$1.58B | USD | Point-in-time |
| Accrued interest payable |
InterestPayableCurrentAndNoncurrent
|
$2.75M | USD | Point-in-time |
| Funding debt |
LineOfCredit
|
$646.00M | USD | Point-in-time |
| Accrued interest payable |
InterestPayableCurrentAndNoncurrent
|
$2.62M | USD | Point-in-time |
| Funding debt |
LineOfCredit
|
$680.60M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.48B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.29B | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesAndOtherLiabilities
|
$323.58M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesAndOtherLiabilities
|
$436.53M | USD | Point-in-time |
| Convertible senior notes, net |
ConvertibleDebt
|
- | USD | Point-in-time |
| Convertible senior notes, net |
ConvertibleDebt
|
$1.70B | USD | Point-in-time |
| Notes issued by securitization trusts |
SecuredDebt
|
$1.18B | USD | Point-in-time |
| Notes issued by securitization trusts |
SecuredDebt
|
$1.58B | USD | Point-in-time |
| Funding debt |
LineOfCredit
|
$646.00M | USD | Point-in-time |
| Funding debt |
LineOfCredit
|
$680.60M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.48B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.29B | USD | Point-in-time |
| Commitments and contingencies (Note 8) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 8) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$3.47B | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$3.83B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-1.36B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-898.49M | USD | Point-in-time |
| Accumulated other comprehensive gain (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$4.38M | USD | Point-in-time |
| Accumulated other comprehensive gain (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$6.77M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.38B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.58B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$-346.76M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$-367.10M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$-343.31M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.47B | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$6.95B | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$4.87B | USD | Point-in-time |
Income Statement
108 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$110.45M | USD | 1 Quarter |
| Revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$265.28M | USD | 2 Qtrs |
| Revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$153.65M | USD | 1 Quarter |
| Revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$209.67M | USD | 2 Qtrs |
| Interest income |
InterestAndDividendIncomeOperating
|
$73.86M | USD | 1 Quarter |
| Interest income |
InterestAndDividendIncomeOperating
|
$138.35M | USD | 1 Quarter |
| Interest income |
InterestAndDividendIncomeOperating
|
$128.09M | USD | 2 Qtrs |
| Interest income |
InterestAndDividendIncomeOperating
|
$255.66M | USD | 2 Qtrs |
| Gain on sales of loans |
GainLossOnSalesOfLoansNet
|
$57.69M | USD | 1 Quarter |
| Gain on sales of loans |
GainLossOnSalesOfLoansNet
|
$30.99M | USD | 2 Qtrs |
| Gain on sales of loans |
GainLossOnSalesOfLoansNet
|
$88.67M | USD | 2 Qtrs |
| Gain on sales of loans |
GainLossOnSalesOfLoansNet
|
$14.56M | USD | 1 Quarter |
| Servicing income |
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
$5.17M | USD | 1 Quarter |
| Servicing income |
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
$9.26M | USD | 2 Qtrs |
| Servicing income |
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
$20.79M | USD | 2 Qtrs |
| Servicing income |
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
$11.32M | USD | 1 Quarter |
| Total Revenue, net |
Revenues
|
$378.02M | USD | 2 Qtrs |
| Total Revenue, net |
Revenues
|
$630.40M | USD | 2 Qtrs |
| Total Revenue, net |
Revenues
|
$361.01M | USD | 1 Quarter |
| Total Revenue, net |
Revenues
|
$204.04M | USD | 1 Quarter |
| Loss on loan purchase commitment |
LossOnFinancingReceivableCommitmentsToPurchase
|
$67.77M | USD | 1 Quarter |
| Loss on loan purchase commitment |
LossOnFinancingReceivableCommitmentsToPurchase
|
$65.27M | USD | 1 Quarter |
| Loss on loan purchase commitment |
LossOnFinancingReceivableCommitmentsToPurchase
|
$116.94M | USD | 2 Qtrs |
| Loss on loan purchase commitment |
LossOnFinancingReceivableCommitmentsToPurchase
|
$133.64M | USD | 2 Qtrs |
| Provision for credit losses |
ProvisionForLoanLossesExpensed
|
$52.64M | USD | 1 Quarter |
| Provision for credit losses |
ProvisionForLoanLossesExpensed
|
$41.45M | USD | 2 Qtrs |
| Provision for credit losses |
ProvisionForLoanLossesExpensed
|
$116.29M | USD | 2 Qtrs |
| Provision for credit losses |
ProvisionForLoanLossesExpensed
|
$12.52M | USD | 1 Quarter |
| Funding costs |
InterestExpenseDebt
|
$12.06M | USD | 1 Quarter |
| Funding costs |
InterestExpenseDebt
|
$17.70M | USD | 1 Quarter |
| Funding costs |
InterestExpenseDebt
|
$34.45M | USD | 2 Qtrs |
| Funding costs |
InterestExpenseDebt
|
$22.41M | USD | 2 Qtrs |
| Processing and servicing |
ProcessingAndServicingExpense
|
$67.05M | USD | 2 Qtrs |
| Processing and servicing |
ProcessingAndServicingExpense
|
$41.85M | USD | 1 Quarter |
| Processing and servicing |
ProcessingAndServicingExpense
|
$16.80M | USD | 1 Quarter |
| Processing and servicing |
ProcessingAndServicingExpense
|
$30.30M | USD | 2 Qtrs |
| Technology and data analytics |
TechnologyAndDataAnalyticsExpense
|
$41.63M | USD | 1 Quarter |
| Technology and data analytics |
TechnologyAndDataAnalyticsExpense
|
$75.40M | USD | 2 Qtrs |
| Technology and data analytics |
TechnologyAndDataAnalyticsExpense
|
$173.00M | USD | 2 Qtrs |
| Technology and data analytics |
TechnologyAndDataAnalyticsExpense
|
$94.99M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$61.69M | USD | 2 Qtrs |
| Sales and marketing |
SellingAndMarketingExpense
|
$207.44M | USD | 2 Qtrs |
| Sales and marketing |
SellingAndMarketingExpense
|
$39.11M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$143.48M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$277.50M | USD | 2 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$141.29M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$40.92M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$73.19M | USD | 2 Qtrs |
| Total Operating Expenses |
CostsAndExpenses
|
$438.08M | USD | 2 Qtrs |
| Total Operating Expenses |
CostsAndExpenses
|
$992.67M | USD | 2 Qtrs |
| Total Operating Expenses |
CostsAndExpenses
|
$230.81M | USD | 1 Quarter |
| Total Operating Expenses |
CostsAndExpenses
|
$557.21M | USD | 1 Quarter |
| Operating Loss |
OperatingIncomeLoss
|
$-362.27M | USD | 2 Qtrs |
| Operating Loss |
OperatingIncomeLoss
|
$-196.20M | USD | 1 Quarter |
| Operating Loss |
OperatingIncomeLoss
|
$-26.77M | USD | 1 Quarter |
| Operating Loss |
OperatingIncomeLoss
|
$-60.07M | USD | 2 Qtrs |
| Other (expense) income, net |
OtherNonoperatingIncomeExpense
|
$29.68M | USD | 2 Qtrs |
| Other (expense) income, net |
OtherNonoperatingIncomeExpense
|
$36.74M | USD | 1 Quarter |
| Other (expense) income, net |
OtherNonoperatingIncomeExpense
|
$-103.63M | USD | 2 Qtrs |
| Other (expense) income, net |
OtherNonoperatingIncomeExpense
|
$240.00K | USD | 1 Quarter |
| Loss Before Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-26.53M | USD | 1 Quarter |
| Loss Before Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-159.46M | USD | 1 Quarter |
| Loss Before Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-30.38M | USD | 2 Qtrs |
| Loss Before Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-465.90M | USD | 2 Qtrs |
| Income Tax Expense |
IncomeTaxExpenseBenefit
|
$276.00K | USD | 1 Quarter |
| Income Tax Expense |
IncomeTaxExpenseBenefit
|
$175.00K | USD | 2 Qtrs |
| Income Tax Expense |
IncomeTaxExpenseBenefit
|
$447.00K | USD | 2 Qtrs |
| Income Tax Expense |
IncomeTaxExpenseBenefit
|
$78.00K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-26.61M | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-466.35M | USD | 2 Qtrs |
| Net Loss |
NetIncomeLoss
|
$-3.95M | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-306.62M | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-30.56M | USD | 2 Qtrs |
| Net Loss |
NetIncomeLoss
|
$-159.74M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-3.80M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$2.22M | USD | 2 Qtrs |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$2.34M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$405.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-1.46M | USD | 2 Qtrs |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$1.81M | USD | 1 Quarter |
| Unrealized gain (loss) on securities available for sale, net |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
- | USD | 2 Qtrs |
| Unrealized gain (loss) on securities available for sale, net |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
- | USD | 1 Quarter |
| Unrealized gain (loss) on securities available for sale, net |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-936.00K | USD | 2 Qtrs |
| Unrealized gain (loss) on securities available for sale, net |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-657.00K | USD | 1 Quarter |
| Net Other Comprehensive (Loss) Income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$1.68M | USD | 1 Quarter |
| Net Other Comprehensive (Loss) Income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-2.40M | USD | 2 Qtrs |
| Net Other Comprehensive (Loss) Income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$1.81M | USD | 1 Quarter |
| Net Other Comprehensive (Loss) Income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$2.22M | USD | 2 Qtrs |
| Comprehensive Loss |
ComprehensiveIncomeNetOfTax
|
$-158.05M | USD | 1 Quarter |
| Comprehensive Loss |
ComprehensiveIncomeNetOfTax
|
$-24.80M | USD | 1 Quarter |
| Comprehensive Loss |
ComprehensiveIncomeNetOfTax
|
$-468.75M | USD | 2 Qtrs |
| Comprehensive Loss |
ComprehensiveIncomeNetOfTax
|
$-28.34M | USD | 2 Qtrs |
| Basic (in USD per share) |
EarningsPerShareBasic
|
$-0.38 | USD | 1 Quarter |
| Basic (in USD per share) |
EarningsPerShareBasic
|
$-1.70 | USD | 2 Qtrs |
| Basic (in USD per share) |
EarningsPerShareBasic
|
$-0.57 | USD | 1 Quarter |
| Basic (in USD per share) |
EarningsPerShareBasic
|
$-0.45 | USD | 2 Qtrs |
| Diluted (in USD per share) |
EarningsPerShareDiluted
|
$-0.38 | USD | 1 Quarter |
| Diluted (in USD per share) |
EarningsPerShareDiluted
|
$-1.70 | USD | 2 Qtrs |
| Diluted (in USD per share) |
EarningsPerShareDiluted
|
$-0.57 | USD | 1 Quarter |
| Diluted (in USD per share) |
EarningsPerShareDiluted
|
$-0.84 | USD | 2 Qtrs |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
281.53M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
67.80M | shares | 2 Qtrs |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
70.80M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
273.59M | shares | 2 Qtrs |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
69.53M | shares | 2 Qtrs |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
281.53M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
273.59M | shares | 2 Qtrs |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
70.80M | shares | 1 Quarter |
Cash Flow Statement
120 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Loss |
NetIncomeLoss
|
$-26.61M | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-466.35M | USD | 2 Qtrs |
| Net Loss |
NetIncomeLoss
|
$-3.95M | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-306.62M | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-30.56M | USD | 2 Qtrs |
| Net Loss |
NetIncomeLoss
|
$-159.74M | USD | 1 Quarter |
| Provision for credit losses |
ProvisionForLoanLossesExpensed
|
$52.64M | USD | 1 Quarter |
| Provision for credit losses |
ProvisionForLoanLossesExpensed
|
$41.45M | USD | 2 Qtrs |
| Provision for credit losses |
ProvisionForLoanLossesExpensed
|
$116.29M | USD | 2 Qtrs |
| Provision for credit losses |
ProvisionForLoanLossesExpensed
|
$12.52M | USD | 1 Quarter |
| Amortization of premiums and discounts on loans, net |
AccretionAmortizationOfDiscountsAndPremiumsFinancingReceivables
|
$31.45M | USD | 2 Qtrs |
| Amortization of premiums and discounts on loans, net |
AccretionAmortizationOfDiscountsAndPremiumsFinancingReceivables
|
$87.68M | USD | 2 Qtrs |
| Gain on sales of loans |
GainLossOnSalesOfLoansNet
|
$57.69M | USD | 1 Quarter |
| Gain on sales of loans |
GainLossOnSalesOfLoansNet
|
$30.99M | USD | 2 Qtrs |
| Gain on sales of loans |
GainLossOnSalesOfLoansNet
|
$88.67M | USD | 2 Qtrs |
| Gain on sales of loans |
GainLossOnSalesOfLoansNet
|
$14.56M | USD | 1 Quarter |
| Changes in fair value of assets and liabilities |
GainLossOnChangesInFairValueOfAssetsAndLiabilities
|
$30.57M | USD | 2 Qtrs |
| Changes in fair value of assets and liabilities |
GainLossOnChangesInFairValueOfAssetsAndLiabilities
|
$-104.90M | USD | 2 Qtrs |
| Amortization of commercial agreement assets |
AmortizationOfCommercialAgreementAssets
|
$31.30M | USD | 2 Qtrs |
| Amortization of commercial agreement assets |
AmortizationOfCommercialAgreementAssets
|
$43.88M | USD | 2 Qtrs |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$9.57M | USD | 2 Qtrs |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$2.36M | USD | 2 Qtrs |
| Commercial agreement warrant expense |
IncreaseDecreaseInCommercialAgreementAssets
|
$-64.85M | USD | 2 Qtrs |
| Commercial agreement warrant expense |
IncreaseDecreaseInCommercialAgreementAssets
|
- | USD | 2 Qtrs |
| Stock-based compensation |
ShareBasedCompensation
|
$181.73M | USD | 2 Qtrs |
| Stock-based compensation |
ShareBasedCompensation
|
$12.72M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$22.50M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$7.07M | USD | 2 Qtrs |
| Other |
OtherNoncashIncomeExpense
|
$-2.52M | USD | 2 Qtrs |
| Other |
OtherNoncashIncomeExpense
|
$5.20M | USD | 2 Qtrs |
| Purchases of loans held for sale |
PaymentsToPurchaseLoansHeldForSale
|
$2.61B | USD | 2 Qtrs |
| Purchases of loans held for sale |
PaymentsToPurchaseLoansHeldForSale
|
$1.03B | 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
|
$2.61B | USD | 2 Qtrs |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$9.08M | USD | 2 Qtrs |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$48.12M | USD | 2 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-65.42M | USD | 2 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$89.51M | USD | 2 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-12.17M | USD | 2 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$7.86M | USD | 2 Qtrs |
| Payable to third-party loan owners |
IncreaseDecreaseInThirdPartyLoanOwnerPayable
|
$8.05M | USD | 2 Qtrs |
| Payable to third-party loan owners |
IncreaseDecreaseInThirdPartyLoanOwnerPayable
|
$21.44M | USD | 2 Qtrs |
| Accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$1.80M | USD | 2 Qtrs |
| Accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$-131.00K | USD | 2 Qtrs |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$8.87M | USD | 2 Qtrs |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$89.31M | USD | 2 Qtrs |
| Net Cash Used in Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-49.96M | USD | 2 Qtrs |
| Net Cash Used in Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-75.10M | USD | 2 Qtrs |
| Purchases and origination of loans held for investment |
PaymentsToAcquireFinanceReceivables
|
$2.69B | USD | 2 Qtrs |
| Purchases and origination of loans held for investment |
PaymentsToAcquireFinanceReceivables
|
$4.65B | USD | 2 Qtrs |
| Proceeds from the sale of loans held for investment |
ProceedsFromSaleOfFinanceReceivables
|
$780.28M | USD | 2 Qtrs |
| Proceeds from the sale of loans held for investment |
ProceedsFromSaleOfFinanceReceivables
|
$204.96M | USD | 2 Qtrs |
| Principal repayments and other loan servicing activity |
ProceedsFromCollectionOfFinanceReceivables
|
$3.56B | USD | 2 Qtrs |
| Principal repayments and other loan servicing activity |
ProceedsFromCollectionOfFinanceReceivables
|
$1.70B | USD | 2 Qtrs |
| Acquisition, net of cash and restricted cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$6.00M | USD | 2 Qtrs |
| Acquisition, net of cash and restricted cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$113.63M | USD | 2 Qtrs |
| Additions to property, equipment and software |
PaymentsToAcquirePropertyPlantAndEquipment
|
$7.06M | USD | 2 Qtrs |
| Additions to property, equipment and software |
PaymentsToAcquirePropertyPlantAndEquipment
|
$38.16M | USD | 2 Qtrs |
| Purchases of securities available for sale |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
- | USD | 2 Qtrs |
| Purchases of securities available for sale |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$511.72M | USD | 2 Qtrs |
| Proceeds from maturities and repayments of securities available for sale |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$59.13M | USD | 2 Qtrs |
| Proceeds from maturities and repayments of securities available for sale |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
- | USD | 2 Qtrs |
| Other investing cash inflows |
ProceedsFromOtherInvestingActivities
|
- | USD | 2 Qtrs |
| Other investing cash inflows |
ProceedsFromOtherInvestingActivities
|
$9.87M | USD | 2 Qtrs |
| Other investing cash outflows |
PaymentsForOtherInvestingActivities
|
- | USD | 2 Qtrs |
| Other investing cash outflows |
PaymentsForOtherInvestingActivities
|
$23.74M | USD | 2 Qtrs |
| Net Cash Used in Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-819.57M | USD | 2 Qtrs |
| Net Cash Used in Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-906.71M | USD | 2 Qtrs |
| Proceeds from issuance of convertible debt, net |
ProceedsFromConvertibleDebt
|
$1.70B | USD | 2 Qtrs |
| Proceeds from issuance of convertible debt, net |
ProceedsFromConvertibleDebt
|
- | USD | 2 Qtrs |
| Proceeds from funding debt |
ProceedsFromLongTermLinesOfCredit
|
$1.50B | USD | 2 Qtrs |
| Proceeds from funding debt |
ProceedsFromLongTermLinesOfCredit
|
$1.53B | USD | 2 Qtrs |
| Proceeds from issuance of notes and residual trust certificates by securitization trusts |
ProceedsFromIssuanceOfSecuredDebt
|
$896.46M | USD | 2 Qtrs |
| Proceeds from issuance of notes and residual trust certificates by securitization trusts |
ProceedsFromIssuanceOfSecuredDebt
|
$499.64M | USD | 2 Qtrs |
| Proceeds from issuance of redeemable convertible preferred stock, net |
ProceedsFromIssuanceOfConvertiblePreferredStock
|
$434.54M | USD | 2 Qtrs |
| Proceeds from issuance of redeemable convertible preferred stock, net |
ProceedsFromIssuanceOfConvertiblePreferredStock
|
- | USD | 2 Qtrs |
| Payment of debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$6.79M | USD | 2 Qtrs |
| Payment of debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$8.15M | USD | 2 Qtrs |
| Principal repayments of funding debt |
RepaymentsOfLongTermLinesOfCredit
|
$1.54B | USD | 2 Qtrs |
| Principal repayments of funding debt |
RepaymentsOfLongTermLinesOfCredit
|
$1.53B | USD | 2 Qtrs |
| Principal repayments of notes issued by securitization trusts |
RepaymentsOfSecuredDebt
|
$102.47M | USD | 2 Qtrs |
| Principal repayments of notes issued by securitization trusts |
RepaymentsOfSecuredDebt
|
$70.39M | USD | 2 Qtrs |
| Proceeds from exercise of common stock options and warrants and contributions to ESPP |
ProceedsFromStockOptionsAndWarrantsExercised
|
$23.42M | USD | 2 Qtrs |
| Proceeds from exercise of common stock options and warrants and contributions to ESPP |
ProceedsFromStockOptionsAndWarrantsExercised
|
$59.57M | USD | 2 Qtrs |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$783.00K | USD | 2 Qtrs |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$4.00K | USD | 2 Qtrs |
| Payments of tax withholding for stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$112.78M | USD | 2 Qtrs |
| Payments of tax withholding for stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
- | USD | 2 Qtrs |
| Net Cash Provided by Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$2.01B | USD | 2 Qtrs |
| Net Cash Provided by Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$1.27B | USD | 2 Qtrs |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
- | USD | 2 Qtrs |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.63M | USD | 2 Qtrs |
| Net Increase in Cash and Cash Equivalents and Restricted Cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$1.12B | USD | 2 Qtrs |
| Net Increase 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
|
$2.81B | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.69B | USD | Point-in-time |
| 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
|
$328.13M | USD | Point-in-time |
| Cash and Cash Equivalents and Restricted Cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.81B | USD | Point-in-time |
| Cash and Cash Equivalents and Restricted Cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.69B | 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
|
$328.13M | USD | Point-in-time |
| Cash payments for interest expense |
InterestPaidNet
|
$23.14M | USD | 2 Qtrs |
| Cash payments for interest expense |
InterestPaidNet
|
$16.72M | USD | 2 Qtrs |
| Cash paid for operating leases |
OperatingLeasePayments
|
$6.31M | USD | 2 Qtrs |
| Cash paid for operating leases |
OperatingLeasePayments
|
$8.23M | USD | 2 Qtrs |
| Cash paid for income taxes |
IncomeTaxesPaid
|
- | USD | 2 Qtrs |
| Cash paid for income taxes |
IncomeTaxesPaid
|
$80.00K | USD | 2 Qtrs |
| Stock-based compensation included in capitalized internal-use software |
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
$25.07M | USD | 2 Qtrs |
| Stock-based compensation included in capitalized internal-use software |
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
$13.38M | USD | 1 Quarter |
| 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 |
| Issuance of common stock in connection with acquisition |
StockIssuedBusinessCombination
|
- | USD | 2 Qtrs |
| Issuance of common stock in connection with acquisition |
StockIssuedBusinessCombination
|
$10.00M | USD | 2 Qtrs |
| Additions to property and equipment included in accrued expenses |
CapitalExpendituresIncurredButNotYetPaid
|
$107.00K | USD | 2 Qtrs |
| Additions to property and equipment included in accrued expenses |
CapitalExpendituresIncurredButNotYetPaid
|
$24.00K | 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
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock issuance costs |
PaymentsOfStockIssuanceCosts
|
$440.00K | USD | 1 Quarter |
| Preferred stock issuance costs |
PaymentsOfStockIssuanceCosts
|
$143.00K | USD | 1 Quarter |
| Beginning balance |
StockholdersEquity
|
$2.38B | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$2.58B | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$-346.76M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$-367.10M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$-343.31M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$2.47B | USD | Point-in-time |
| Issuance of common stock upon exercise of stock option (in shares) |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
11.79M | shares | 2 Qtrs |
| Issuance of common stock upon exercise of stock option |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$21.67M | USD | 1 Quarter |
| Issuance of common stock upon exercise of stock option |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$21.68M | USD | 1 Quarter |
| Issuance of common stock upon exercise of stock option |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$37.47M | USD | 1 Quarter |
| Issuance of common stock upon exercise of stock option |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$1.74M | USD | 1 Quarter |
| Issuance of common stock in acquisition |
StockIssuedDuringPeriodValueAcquisitions
|
$10.00M | USD | 1 Quarter |
| Repurchases of common stock |
StockRepurchasedDuringPeriodValue
|
$4.00K | USD | 1 Quarter |
| Repurchases of common stock |
StockRepurchasedDuringPeriodValue
|
$199.00K | USD | 1 Quarter |
| Repurchases of common stock |
StockRepurchasedDuringPeriodValue
|
$584.00K | USD | 1 Quarter |
| Vesting and exercise of warrants for common stock |
StockIssuedDuringPeriodValueWarrantsExercised
|
$67.64M | USD | 1 Quarter |
| Vesting of warrants for common stock |
StockIssuedFromExerciseOfWarrantsValue
|
$198.38M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$104.88M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$101.92M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$7.17M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$6.77M | USD | 1 Quarter |
| Tax withholding on stock-based compensation |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$39.82M | USD | 1 Quarter |
| Tax withholding on stock-based compensation |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$72.96M | USD | 1 Quarter |
| Conversion of convertible debt |
AdjustmentToAdditionalPaidInCapitalConvertibleDebtInstrumentIssuedAtSubstantialPremium
|
$-42.12M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-3.80M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$2.22M | USD | 2 Qtrs |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$2.34M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$405.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-1.46M | USD | 2 Qtrs |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$1.81M | USD | 1 Quarter |
| Unrealized gain (loss) on securities available for sale |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$-279.00K | USD | 1 Quarter |
| Unrealized gain (loss) on securities available for sale |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$-657.00K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-26.61M | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-466.35M | USD | 2 Qtrs |
| Net Loss |
NetIncomeLoss
|
$-3.95M | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-306.62M | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-30.56M | USD | 2 Qtrs |
| Net Loss |
NetIncomeLoss
|
$-159.74M | USD | 1 Quarter |
| Ending balance |
StockholdersEquity
|
$2.38B | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$2.58B | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$-346.76M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$-367.10M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$-343.31M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$2.47B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.