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10-Q Filing

AFFIRM HOLDINGS, INC. CIK: 1820953 Q3 2023
Filing Information
Form Type 10-Q
Accession Number 0001820953-23-000013
Period End Date 20230331
Filing Date 20230509
Fiscal Year 2023
Fiscal Period Q3
XBRL Instance afrm-20230331_htm.xml
Filing Contents
Balance Sheet 99 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.26B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.26B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $972.48M USD Point-in-time
Restricted cash RestrictedCash $409.01M USD Point-in-time
Restricted cash RestrictedCash $295.64M USD Point-in-time
Restricted cash RestrictedCash $413.63M USD Point-in-time
Securities available for sale at fair value OtherInvestments $1.60B USD Point-in-time
Securities available for sale at fair value OtherInvestments $1.06B USD Point-in-time
Loans held for sale LoansReceivableHeldForSaleAmount $2.67M USD Point-in-time
Loans held for sale LoansReceivableHeldForSaleAmount $122.00K USD Point-in-time
Loans held for investment FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss $2.50B USD Point-in-time
Loans held for investment FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss $3.78B USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $155.39M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $159.47M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $117.76M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $182.10M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $158.29M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $176.34M USD Point-in-time
Restricted cash RestrictedCash $409.01M USD Point-in-time
Loans held for investment, net FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $2.35B USD Point-in-time
Restricted cash RestrictedCash $295.64M USD Point-in-time
Restricted cash RestrictedCash $413.63M USD Point-in-time
Loans held for investment, net FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $3.60B USD Point-in-time
Loans held for investment FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss $2.50B USD Point-in-time
Accounts receivable, net AccountsReceivableNet $135.82M USD Point-in-time
Accounts receivable, net AccountsReceivableNet $142.05M USD Point-in-time
Loans held for investment FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss $3.78B USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $155.39M USD Point-in-time
Property, equipment and software, net PropertyPlantAndEquipmentNet $277.16M USD Point-in-time
Property, equipment and software, net PropertyPlantAndEquipmentNet $171.48M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $159.47M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $117.76M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $182.10M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $158.29M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $176.34M USD Point-in-time
Goodwill Goodwill $539.53M USD Point-in-time
Loans held for investment, net FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $2.35B USD Point-in-time
Goodwill Goodwill $537.13M USD Point-in-time
Loans held for investment, net FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $3.60B USD Point-in-time
Accounts receivable, net AccountsReceivableNet $135.82M USD Point-in-time
Accounts receivable, net AccountsReceivableNet $142.05M USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $48.27M USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $78.94M USD Point-in-time
Commercial agreement assets CommercialAgreementAssetNet $198.99M USD Point-in-time
Commercial agreement assets CommercialAgreementAssetNet $263.20M USD Point-in-time
Other assets OtherAssets $281.57M USD Point-in-time
Other assets OtherAssets $270.64M USD Point-in-time
Other assets OtherAssets $281.57M USD Point-in-time
Total Assets Assets $7.51B USD Point-in-time
Other assets OtherAssets $270.64M USD Point-in-time
Total Assets Assets $6.97B USD Point-in-time
Total Assets Assets $7.51B USD Point-in-time
Total Assets Assets $6.97B USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $30.02M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $33.07M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $13.83M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $6.66M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $237.60M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $30.02M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $33.07M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $192.36M USD Point-in-time
Notes issued by securitization trusts SecuredDebt $1.79B USD Point-in-time
Payable to third-party loan owners ThirdPartyLoanOwnerPayable $44.19M USD Point-in-time
Payable to third-party loan owners ThirdPartyLoanOwnerPayable $71.38M USD Point-in-time
Notes issued by securitization trusts SecuredDebt $1.63B USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $13.83M USD Point-in-time
Funding debt LineOfCredit $672.58M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $6.66M USD Point-in-time
Funding debt LineOfCredit $1.51B USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $237.60M USD Point-in-time
Total liabilities Liabilities $4.36B USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $192.36M USD Point-in-time
Total liabilities Liabilities $5.00B USD Point-in-time
Convertible senior notes, net ConvertibleDebt $1.71B USD Point-in-time
Convertible senior notes, net ConvertibleDebt $1.41B USD Point-in-time
Notes issued by securitization trusts SecuredDebt $1.79B USD Point-in-time
Notes issued by securitization trusts SecuredDebt $1.63B USD Point-in-time
Funding debt LineOfCredit $672.58M USD Point-in-time
Funding debt LineOfCredit $1.51B USD Point-in-time
Total liabilities Liabilities $4.36B USD Point-in-time
Total liabilities Liabilities $5.00B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Additional paid in capital AdditionalPaidInCapital $4.92B USD Point-in-time
Additional paid in capital AdditionalPaidInCapital $4.23B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.61B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-2.39B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-7.15M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-22.34M USD Point-in-time
Total stockholders equity StockholdersEquity $2.38B USD Point-in-time
Total stockholders equity StockholdersEquity $2.51B USD Point-in-time
Total stockholders equity StockholdersEquity $2.51B USD Point-in-time
Total stockholders equity StockholdersEquity $2.56B USD Point-in-time
Total stockholders equity StockholdersEquity $2.58B USD Point-in-time
Total stockholders equity StockholdersEquity $2.58B USD Point-in-time
Total stockholders equity StockholdersEquity $2.47B USD Point-in-time
Total stockholders equity StockholdersEquity $2.62B USD Point-in-time
Total Liabilities and Stockholders Equity LiabilitiesAndStockholdersEquity $7.51B USD Point-in-time
Total Liabilities and Stockholders Equity LiabilitiesAndStockholdersEquity $6.97B USD Point-in-time
Income Statement 120 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $409.51M USD 3 Qtrs
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $144.22M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $451.48M USD 3 Qtrs
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $148.48M USD 1 Quarter
Interest income InterestAndDividendIncomeOperating $470.39M USD 3 Qtrs
Interest income InterestAndDividendIncomeOperating $134.60M USD 1 Quarter
Interest income InterestAndDividendIncomeOperating $390.26M USD 3 Qtrs
Interest income InterestAndDividendIncomeOperating $178.27M USD 1 Quarter
Gain on sales of loans GainLossOnSalesOfLoansNet $52.48M USD 1 Quarter
Gain on sales of loans GainLossOnSalesOfLoansNet $156.01M USD 3 Qtrs
Gain on sales of loans GainLossOnSalesOfLoansNet $32.81M USD 1 Quarter
Gain on sales of loans GainLossOnSalesOfLoansNet $141.15M USD 3 Qtrs
Servicing income ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets $44.24M USD 3 Qtrs
Servicing income ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets $21.41M USD 1 Quarter
Servicing income ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets $23.46M USD 1 Quarter
Servicing income ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets $64.28M USD 3 Qtrs
Total Revenue, net Revenues $354.76M USD 1 Quarter
Total Revenue, net Revenues $1.14B USD 3 Qtrs
Total Revenue, net Revenues $985.16M USD 3 Qtrs
Total Revenue, net Revenues $380.98M USD 1 Quarter
Loss on loan purchase commitment LossOnFinancingReceivableCommitmentsToPurchase $105.26M USD 3 Qtrs
Loss on loan purchase commitment LossOnFinancingReceivableCommitmentsToPurchase $163.80M USD 3 Qtrs
Loss on loan purchase commitment LossOnFinancingReceivableCommitmentsToPurchase $46.85M USD 1 Quarter
Loss on loan purchase commitment LossOnFinancingReceivableCommitmentsToPurchase $31.22M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $237.38M USD 3 Qtrs
Provision for credit losses ProvisionForLoanLossesExpensed $66.44M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $182.58M USD 3 Qtrs
Provision for credit losses ProvisionForLoanLossesExpensed $66.29M USD 1 Quarter
Funding costs InterestExpenseDebt $50.28M USD 3 Qtrs
Funding costs InterestExpenseDebt $15.82M USD 1 Quarter
Funding costs InterestExpenseDebt $51.19M USD 1 Quarter
Funding costs InterestExpenseDebt $120.00M USD 3 Qtrs
Processing and servicing ProcessingAndServicingExpense $186.10M USD 3 Qtrs
Processing and servicing ProcessingAndServicingExpense $110.42M USD 3 Qtrs
Processing and servicing ProcessingAndServicingExpense $65.23M USD 1 Quarter
Processing and servicing ProcessingAndServicingExpense $43.37M USD 1 Quarter
Technology and data analytics TechnologyAndDataAnalyticsExpense $110.29M USD 1 Quarter
Technology and data analytics TechnologyAndDataAnalyticsExpense $283.29M USD 3 Qtrs
Technology and data analytics TechnologyAndDataAnalyticsExpense $161.79M USD 1 Quarter
Technology and data analytics TechnologyAndDataAnalyticsExpense $463.50M USD 3 Qtrs
Sales and marketing SellingAndMarketingExpense $140.94M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $363.65M USD 3 Qtrs
Sales and marketing SellingAndMarketingExpense $156.21M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $493.15M USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $419.96M USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $139.27M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $142.47M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $458.88M USD 3 Qtrs
Restructuring Charges RestructuringCharges - USD 3 Qtrs
Restructuring Charges RestructuringCharges $34.93M USD 3 Qtrs
Restructuring Charges RestructuringCharges $34.93M USD 1 Quarter
Restructuring Charges RestructuringCharges - USD 1 Quarter
Total Operating Expenses CostsAndExpenses $691.01M USD 1 Quarter
Total Operating Expenses CostsAndExpenses $581.31M USD 1 Quarter
Total Operating Expenses CostsAndExpenses $2.10B USD 3 Qtrs
Total Operating Expenses CostsAndExpenses $1.57B USD 3 Qtrs
Operating Loss OperatingIncomeLoss $-957.03M USD 3 Qtrs
Operating Loss OperatingIncomeLoss $-226.55M USD 1 Quarter
Operating Loss OperatingIncomeLoss $-588.82M USD 3 Qtrs
Operating Loss OperatingIncomeLoss $-310.04M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $172.14M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $103.52M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $68.51M USD 3 Qtrs
Other income, net OtherNonoperatingIncomeExpense $175.07M USD 3 Qtrs
Loss Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-206.51M USD 1 Quarter
Loss Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-781.97M USD 3 Qtrs
Loss Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-520.32M USD 3 Qtrs
Loss Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-54.41M USD 1 Quarter
Income tax (benefit) expense IncomeTaxExpenseBenefit $-836.00K USD 1 Quarter
Income tax (benefit) expense IncomeTaxExpenseBenefit $706.00K USD 3 Qtrs
Income tax (benefit) expense IncomeTaxExpenseBenefit $-2.58M USD 3 Qtrs
Income tax (benefit) expense IncomeTaxExpenseBenefit $259.00K USD 1 Quarter
Net Loss NetIncomeLoss $-159.74M USD 1 Quarter
Net Loss NetIncomeLoss $-521.02M USD 3 Qtrs
Net Loss NetIncomeLoss $-251.27M USD 1 Quarter
Net Loss NetIncomeLoss $-779.38M USD 3 Qtrs
Net Loss NetIncomeLoss $-306.62M USD 1 Quarter
Net Loss NetIncomeLoss $-205.68M USD 1 Quarter
Net Loss NetIncomeLoss $-54.67M USD 1 Quarter
Net Loss NetIncomeLoss $-322.44M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $3.94M USD 3 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-21.55M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-16.99M USD 3 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-3.80M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $2.34M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $4.52M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $31.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $5.41M USD 1 Quarter
Unrealized gain (loss) on securities available for sale, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $2.06M USD 3 Qtrs
Unrealized gain (loss) on securities available for sale, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-3.04M USD 3 Qtrs
Unrealized gain (loss) on securities available for sale, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-2.10M USD 1 Quarter
Unrealized gain (loss) on securities available for sale, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $4.52M USD 1 Quarter
Net Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $4.29M USD 1 Quarter
Net Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $3.30M USD 1 Quarter
Net Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-15.19M USD 3 Qtrs
Net Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $904.00K USD 3 Qtrs
Comprehensive Loss ComprehensiveIncomeNetOfTax $-201.38M USD 1 Quarter
Comprehensive Loss ComprehensiveIncomeNetOfTax $-51.37M USD 1 Quarter
Comprehensive Loss ComprehensiveIncomeNetOfTax $-520.12M USD 3 Qtrs
Comprehensive Loss ComprehensiveIncomeNetOfTax $-794.57M USD 3 Qtrs
Basic (in USD per share) EarningsPerShareBasic $-0.19 USD 1 Quarter
Basic (in USD per share) EarningsPerShareBasic $-1.86 USD 3 Qtrs
Basic (in USD per share) EarningsPerShareBasic $-0.69 USD 1 Quarter
Basic (in USD per share) EarningsPerShareBasic $-2.65 USD 3 Qtrs
Diluted (in USD per share) EarningsPerShareDiluted $-0.69 USD 1 Quarter
Diluted (in USD per share) EarningsPerShareDiluted $-1.86 USD 3 Qtrs
Diluted (in USD per share) EarningsPerShareDiluted $-0.19 USD 1 Quarter
Diluted (in USD per share) EarningsPerShareDiluted $-2.65 USD 3 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 279.57M shares 3 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 285.64M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 297.20M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 293.92M shares 3 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 279.57M shares 3 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 297.20M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 285.64M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 293.92M shares 3 Qtrs
Unrealized gain (loss) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax - USD 3 Qtrs
Unrealized gain (loss) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-257.00K USD 3 Qtrs
Unrealized gain (loss) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-257.00K USD 1 Quarter
Unrealized gain (loss) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax - USD 1 Quarter
Cash Flow Statement 134 line items
Line Item Tag Value Unit Period
Net Loss NetIncomeLoss $-159.74M USD 1 Quarter
Net Loss NetIncomeLoss $-521.02M USD 3 Qtrs
Net Loss NetIncomeLoss $-251.27M USD 1 Quarter
Net Loss NetIncomeLoss $-779.38M USD 3 Qtrs
Net Loss NetIncomeLoss $-306.62M USD 1 Quarter
Net Loss NetIncomeLoss $-205.68M USD 1 Quarter
Net Loss NetIncomeLoss $-54.67M USD 1 Quarter
Net Loss NetIncomeLoss $-322.44M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $237.38M USD 3 Qtrs
Provision for credit losses ProvisionForLoanLossesExpensed $66.44M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $182.58M USD 3 Qtrs
Provision for credit losses ProvisionForLoanLossesExpensed $66.29M USD 1 Quarter
Amortization of premiums and discounts on loans, net AccretionAmortizationOfDiscountsAndPremiumsFinancingReceivables $103.47M USD 3 Qtrs
Amortization of premiums and discounts on loans, net AccretionAmortizationOfDiscountsAndPremiumsFinancingReceivables $129.71M USD 3 Qtrs
Gain on sales of loans GainLossOnSalesOfLoansNet $52.48M USD 1 Quarter
Gain on sales of loans GainLossOnSalesOfLoansNet $156.01M USD 3 Qtrs
Gain on sales of loans GainLossOnSalesOfLoansNet $32.81M USD 1 Quarter
Gain on sales of loans GainLossOnSalesOfLoansNet $141.15M USD 3 Qtrs
Gain on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $89.84M USD 3 Qtrs
Gain on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 3 Qtrs
Changes in fair value of assets and liabilities GainLossOnChangesInFairValueOfAssetsAndLiabilities $38.82M USD 3 Qtrs
Changes in fair value of assets and liabilities GainLossOnChangesInFairValueOfAssetsAndLiabilities $10.02M USD 3 Qtrs
Amortization of commercial agreement assets AmortizationOfCommercialAgreementAssets $72.80M USD 3 Qtrs
Amortization of commercial agreement assets AmortizationOfCommercialAgreementAssets $64.20M USD 3 Qtrs
Amortization of debt issuance costs AmortizationOfFinancingCosts $13.20M USD 3 Qtrs
Amortization of debt issuance costs AmortizationOfFinancingCosts $13.21M USD 3 Qtrs
Amortization of discount on securities available for sale AmortizationOfDiscountOnAvailableForSaleSecurities $-23.71M USD 3 Qtrs
Amortization of discount on securities available for sale AmortizationOfDiscountOnAvailableForSaleSecurities $968.00K USD 3 Qtrs
Commercial agreement warrant expense IncreaseDecreaseInCommercialAgreementAssets $-157.02M USD 3 Qtrs
Commercial agreement warrant expense IncreaseDecreaseInCommercialAgreementAssets $-330.72M USD 3 Qtrs
Stock-based compensation ShareBasedCompensation $348.37M USD 3 Qtrs
Stock-based compensation ShareBasedCompensation $280.11M USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $91.36M USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $35.61M USD 3 Qtrs
Other OtherNoncashIncomeExpense $5.72M USD 3 Qtrs
Other OtherNoncashIncomeExpense $-294.00K USD 3 Qtrs
Purchases of loans held for sale PaymentsToPurchaseLoansHeldForSale $4.72B USD 3 Qtrs
Purchases of loans held for sale PaymentsToPurchaseLoansHeldForSale $3.87B USD 3 Qtrs
Proceeds from the sale of loans held for sale ProceedsFromSaleOfLoansHeldForSale $3.87B USD 3 Qtrs
Proceeds from the sale of loans held for sale ProceedsFromSaleOfLoansHeldForSale $4.84B USD 3 Qtrs
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $1.78M USD 3 Qtrs
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $42.47M USD 3 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $-28.02M USD 3 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $3.29M USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $-8.77M USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $-3.62M USD 3 Qtrs
Payable to third-party loan owners IncreaseDecreaseInThirdPartyLoanOwnerPayable $-14.12M USD 3 Qtrs
Payable to third-party loan owners IncreaseDecreaseInThirdPartyLoanOwnerPayable $-27.20M USD 3 Qtrs
Accrued interest payable IncreaseDecreaseInInterestPayableNet $8.03M USD 3 Qtrs
Accrued interest payable IncreaseDecreaseInInterestPayableNet $240.00K USD 3 Qtrs
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-45.29M USD 3 Qtrs
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $28.55M USD 3 Qtrs
Net Cash Used in Operating Activities NetCashProvidedByUsedInOperatingActivities $-31.61M USD 3 Qtrs
Net Cash Used in Operating Activities NetCashProvidedByUsedInOperatingActivities $-103.08M USD 3 Qtrs
Purchases and origination of loans held for investment PaymentsToAcquireFinanceReceivables $7.53B USD 3 Qtrs
Purchases and origination of loans held for investment PaymentsToAcquireFinanceReceivables $9.62B USD 3 Qtrs
Proceeds from the sale of loans held for investment ProceedsFromSaleOfFinanceReceivables $1.09B USD 3 Qtrs
Proceeds from the sale of loans held for investment ProceedsFromSaleOfFinanceReceivables $1.33B USD 3 Qtrs
Principal repayments and other loan servicing activity ProceedsFromCollectionOfFinanceReceivables $5.87B USD 3 Qtrs
Principal repayments and other loan servicing activity ProceedsFromCollectionOfFinanceReceivables $7.20B USD 3 Qtrs
Acquisition, net of cash and restricted cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $6.00M USD 3 Qtrs
Acquisition, net of cash and restricted cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $16.05M USD 3 Qtrs
Additions to property, equipment and software PaymentsToAcquirePropertyPlantAndEquipment $59.25M USD 3 Qtrs
Additions to property, equipment and software PaymentsToAcquirePropertyPlantAndEquipment $95.92M USD 3 Qtrs
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $770.05M USD 3 Qtrs
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $566.26M USD 3 Qtrs
Proceeds from maturities and repayments of securities available for sale ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $1.13B USD 3 Qtrs
Proceeds from maturities and repayments of securities available for sale ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $191.85M USD 3 Qtrs
Other investing cash inflows (outflows) ProceedsFromOtherInvestingActivities $-10.78M USD 3 Qtrs
Other investing cash inflows (outflows) ProceedsFromOtherInvestingActivities $3.38M USD 3 Qtrs
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-985.62M USD 3 Qtrs
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-875.90M USD 3 Qtrs
Proceeds from issuance of convertible debt, net ProceedsFromConvertibleDebt $1.70B USD 3 Qtrs
Proceeds from issuance of convertible debt, net ProceedsFromConvertibleDebt - USD 3 Qtrs
Extinguishment of convertible debt RepaymentsOfConvertibleDebt - USD 3 Qtrs
Extinguishment of convertible debt RepaymentsOfConvertibleDebt $206.57M USD 3 Qtrs
Proceeds from funding debt ProceedsFromLongTermLinesOfCredit $2.78B USD 3 Qtrs
Proceeds from funding debt ProceedsFromLongTermLinesOfCredit $5.05B USD 3 Qtrs
Payment of debt issuance costs PaymentsOfDebtIssuanceCosts $8.15M USD 3 Qtrs
Payment of debt issuance costs PaymentsOfDebtIssuanceCosts $17.41M USD 3 Qtrs
Principal repayments of funding debt RepaymentsOfLongTermLinesOfCredit $4.20B USD 3 Qtrs
Principal repayments of funding debt RepaymentsOfLongTermLinesOfCredit $2.57B USD 3 Qtrs
Proceeds from issuance of notes and residual trust certificates by securitization trusts ProceedsFromIssuanceOfSecuredDebt $750.00M USD 3 Qtrs
Proceeds from issuance of notes and residual trust certificates by securitization trusts ProceedsFromIssuanceOfSecuredDebt $499.49M USD 3 Qtrs
Principal repayments of notes issued by securitization trusts RepaymentsOfSecuredDebt $584.63M USD 3 Qtrs
Principal repayments of notes issued by securitization trusts RepaymentsOfSecuredDebt $233.72M USD 3 Qtrs
Proceeds from exercise of common stock options and warrants and contributions to ESPP ProceedsFromStockOptionsAndWarrantsExercised $8.91M USD 3 Qtrs
Proceeds from exercise of common stock options and warrants and contributions to ESPP ProceedsFromStockOptionsAndWarrantsExercised $67.74M USD 3 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $84.00K USD 3 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $109.00K USD 3 Qtrs
Payments of tax withholding for stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $166.94M USD 3 Qtrs
Payments of tax withholding for stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $63.49M USD 3 Qtrs
Net Cash Provided by Financing Activities NetCashProvidedByUsedInFinancingActivities $740.40M USD 3 Qtrs
Net Cash Provided by Financing Activities NetCashProvidedByUsedInFinancingActivities $2.07B USD 3 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-2.21M USD 3 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.64M USD 3 Qtrs
Net Increase in Cash, Cash Equivalents and Restricted Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-169.31M USD 3 Qtrs
Net Increase in Cash, Cash Equivalents and Restricted Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $982.93M USD 3 Qtrs
Cash, Cash equivalents and Restricted cash, Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.55B USD Point-in-time
Cash, Cash equivalents and Restricted cash, Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.69B USD Point-in-time
Cash, Cash equivalents and Restricted cash, Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.68B USD Point-in-time
Cash, Cash equivalents and Restricted cash, Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.38B USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.55B USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.69B USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.68B USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.38B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.26B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.26B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $972.48M USD Point-in-time
Restricted cash RestrictedCash $409.01M USD Point-in-time
Restricted cash RestrictedCash $295.64M USD Point-in-time
Restricted cash RestrictedCash $413.63M USD Point-in-time
Total Cash, Cash Equivalents and Restricted Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.55B USD Point-in-time
Total Cash, Cash Equivalents and Restricted Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.69B USD Point-in-time
Total Cash, Cash Equivalents and Restricted Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.68B USD Point-in-time
Total Cash, Cash Equivalents and Restricted Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.38B USD Point-in-time
Cash payments for interest expense InterestPaidNet $34.33M USD 3 Qtrs
Cash payments for interest expense InterestPaidNet $104.92M USD 3 Qtrs
Cash paid for operating leases OperatingLeasePayments $11.99M USD 3 Qtrs
Cash paid for operating leases OperatingLeasePayments $8.33M USD 3 Qtrs
Cash paid for income taxes IncomeTaxesPaid $99.00K USD 3 Qtrs
Cash paid for income taxes IncomeTaxesPaid $378.00K USD 3 Qtrs
Stock-based compensation included in capitalized internal-use software EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount $62.76M USD 3 Qtrs
Stock-based compensation included in capitalized internal-use software EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount $19.11M USD 1 Quarter
Stock-based compensation included in capitalized internal-use software EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount $39.69M USD 3 Qtrs
Stock-based compensation included in capitalized internal-use software EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount $14.62M USD 1 Quarter
Issuance of common stock in connection with acquisition StockIssuedBusinessCombination $10.00M USD 3 Qtrs
Issuance of common stock in connection with acquisition StockIssuedBusinessCombination - USD 3 Qtrs
Additions to property and equipment included in accrued expenses CapitalExpendituresIncurredButNotYetPaid - USD 3 Qtrs
Additions to property and equipment included in accrued expenses CapitalExpendituresIncurredButNotYetPaid $107.00K USD 3 Qtrs
Securities retained under unconsolidated securitization transactions ProceedsFromSecuritiesRetainedUnderUnconsolidatedSecuritizationTransactions $22.07M USD 3 Qtrs
Securities retained under unconsolidated securitization transactions ProceedsFromSecuritiesRetainedUnderUnconsolidatedSecuritizationTransactions - USD 3 Qtrs
Right of use assets obtained in exchange for operating lease liabilities RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $3.42M USD 3 Qtrs
Right of use assets obtained in exchange for operating lease liabilities RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $494.00K USD 3 Qtrs
Stockholders Equity 68 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquity $2.38B USD Point-in-time
Beginning balance StockholdersEquity $2.51B USD Point-in-time
Beginning balance StockholdersEquity $2.51B USD Point-in-time
Beginning balance StockholdersEquity $2.56B USD Point-in-time
Beginning balance StockholdersEquity $2.58B USD Point-in-time
Beginning balance StockholdersEquity $2.58B USD Point-in-time
Beginning balance StockholdersEquity $2.47B USD Point-in-time
Beginning balance StockholdersEquity $2.62B USD Point-in-time
Issuance of common stock upon exercise of stock option (in shares) StockIssuedDuringPeriodSharesStockOptionsExercised 726,425.00 shares 3 Qtrs
Issuance of common stock upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $716.00K USD 1 Quarter
Issuance of common stock upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $21.67M USD 1 Quarter
Issuance of common stock upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $37.47M USD 1 Quarter
Issuance of common stock upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $8.17M USD 1 Quarter
Issuance of common stock upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $1.37M USD 1 Quarter
Issuance of common stock upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $1.19M USD 1 Quarter
Issuance of common stock in acquisition StockIssuedDuringPeriodValueAcquisitions $10.00M USD 1 Quarter
Issuance of common stock, employee share purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $5.92M USD 1 Quarter
Repurchases of common stock StockRepurchasedDuringPeriodValue $4.00K USD 1 Quarter
Repurchases of common stock StockRepurchasedDuringPeriodValue $80.00K USD 1 Quarter
Repurchases of common stock StockRepurchasedDuringPeriodValue $109.00K USD 1 Quarter
Vesting of warrants for common stock AdjustmentsToAdditionalPaidInCapitalWarrantIssued $128.05M USD 1 Quarter
Vesting of warrants for common stock AdjustmentsToAdditionalPaidInCapitalWarrantIssued $93.92M USD 1 Quarter
Vesting of warrants for common stock AdjustmentsToAdditionalPaidInCapitalWarrantIssued $108.74M USD 1 Quarter
Vesting of warrants for common stock AdjustmentsToAdditionalPaidInCapitalWarrantIssued $198.38M USD 1 Quarter
Vesting of warrants for common stock AdjustmentsToAdditionalPaidInCapitalWarrantIssued $92.17M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $104.88M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $141.01M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $101.92M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $113.00M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $144.22M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $125.90M USD 1 Quarter
Tax withholding on stock-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $18.01M USD 1 Quarter
Tax withholding on stock-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $27.31M USD 1 Quarter
Tax withholding on stock-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $39.82M USD 1 Quarter
Tax withholding on stock-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $18.17M USD 1 Quarter
Tax withholding on stock-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $54.16M USD 1 Quarter
Tax withholding on stock-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $72.96M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $3.94M USD 3 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-21.55M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-16.99M USD 3 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-3.80M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $2.34M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $4.52M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $31.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $5.41M USD 1 Quarter
Unrealized loss on securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-279.00K USD 1 Quarter
Unrealized loss on securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $4.52M USD 1 Quarter
Unrealized loss on securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-2.10M USD 1 Quarter
Unrealized loss on securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-657.00K USD 1 Quarter
Unrealized loss on securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $3.07M USD 1 Quarter
Unrealized loss on securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-5.53M USD 1 Quarter
Unrealized gain (loss) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent $-257.00K USD 1 Quarter
Net Loss NetIncomeLoss $-159.74M USD 1 Quarter
Net Loss NetIncomeLoss $-521.02M USD 3 Qtrs
Net Loss NetIncomeLoss $-251.27M USD 1 Quarter
Net Loss NetIncomeLoss $-779.38M USD 3 Qtrs
Net Loss NetIncomeLoss $-306.62M USD 1 Quarter
Net Loss NetIncomeLoss $-205.68M USD 1 Quarter
Net Loss NetIncomeLoss $-54.67M USD 1 Quarter
Net Loss NetIncomeLoss $-322.44M USD 1 Quarter
Ending balance StockholdersEquity $2.38B USD Point-in-time
Ending balance StockholdersEquity $2.51B USD Point-in-time
Ending balance StockholdersEquity $2.51B USD Point-in-time
Ending balance StockholdersEquity $2.56B USD Point-in-time
Ending balance StockholdersEquity $2.58B USD Point-in-time
Ending balance StockholdersEquity $2.58B USD Point-in-time
Ending balance StockholdersEquity $2.47B USD Point-in-time
Ending balance StockholdersEquity $2.62B USD Point-in-time

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

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