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10-Q Filing

AFFIRM HOLDINGS, INC. CIK: 1820953 Q2 2024
Filing Information
Form Type 10-Q
Accession Number 0001820953-24-000006
Period End Date 20231231
Filing Date 20240208
Fiscal Year 2024
Fiscal Period Q2
XBRL Instance afrm-20231231_htm.xml
Filing Contents
Balance Sheet 89 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $892.03M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.04B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.44B USD Point-in-time
Restricted cash RestrictedCash $367.92M USD Point-in-time
Restricted cash RestrictedCash $411.26M USD Point-in-time
Restricted cash RestrictedCash $424.46M USD Point-in-time
Securities available for sale at fair value OtherInvestments $914.07M USD Point-in-time
Securities available for sale at fair value OtherInvestments $1.17B USD Point-in-time
Loans held for sale LoansReceivableHeldForSaleAmount $29.00K USD Point-in-time
Loans held for sale LoansReceivableHeldForSaleAmount $76.00K USD Point-in-time
Loans held for investment NotesReceivableGross $5.24B USD Point-in-time
Loans held for investment NotesReceivableGross $4.40B USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $204.53M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $262.20M USD Point-in-time
Restricted cash RestrictedCash $367.92M USD Point-in-time
Restricted cash RestrictedCash $411.26M USD Point-in-time
Restricted cash RestrictedCash $424.46M USD Point-in-time
Loans held for investment, net NotesReceivableNet $4.20B USD Point-in-time
Loans held for investment, net NotesReceivableNet $4.98B USD Point-in-time
Loans held for investment NotesReceivableGross $5.24B USD Point-in-time
Accounts receivable, net AccountsReceivableNet $307.29M USD Point-in-time
Accounts receivable, net AccountsReceivableNet $199.09M USD Point-in-time
Loans held for investment NotesReceivableGross $4.40B USD Point-in-time
Property, equipment and software, net PropertyPlantAndEquipmentNet $290.13M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $204.53M USD Point-in-time
Property, equipment and software, net PropertyPlantAndEquipmentNet $369.85M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $262.20M USD Point-in-time
Goodwill Goodwill $542.57M USD Point-in-time
Goodwill Goodwill $541.16M USD Point-in-time
Loans held for investment, net NotesReceivableNet $4.20B USD Point-in-time
Loans held for investment, net NotesReceivableNet $4.98B USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $34.43M USD Point-in-time
Accounts receivable, net AccountsReceivableNet $307.29M USD Point-in-time
Accounts receivable, net AccountsReceivableNet $199.09M USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $17.41M USD Point-in-time
Other assets OtherAssets $278.61M USD Point-in-time
Commercial agreement assets CommercialAgreementAssetNet $177.67M USD Point-in-time
Other assets OtherAssets $356.04M USD Point-in-time
Commercial agreement assets CommercialAgreementAssetNet $134.56M USD Point-in-time
Total assets Assets $8.16B USD Point-in-time
Other assets OtherAssets $278.61M USD Point-in-time
Other assets OtherAssets $356.04M USD Point-in-time
Total assets Assets $9.06B USD Point-in-time
Total assets Assets $8.16B USD Point-in-time
Total assets Assets $9.06B USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $28.60M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $59.80M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $22.18M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $13.50M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $180.88M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $150.27M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $28.60M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $59.80M USD Point-in-time
Payable to third-party loan owners ThirdPartyLoanOwnerPayable $53.85M USD Point-in-time
Payable to third-party loan owners ThirdPartyLoanOwnerPayable $134.57M USD Point-in-time
Notes issued by securitization trusts SecuredDebt $2.74B USD Point-in-time
Notes issued by securitization trusts SecuredDebt $2.17B USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $22.18M USD Point-in-time
Funding debt LineOfCredit $1.76B USD Point-in-time
Funding debt LineOfCredit $1.91B USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $13.50M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $180.88M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $150.27M USD Point-in-time
Total Liabilities Liabilities $6.43B USD Point-in-time
Total Liabilities Liabilities $5.62B USD Point-in-time
Convertible senior notes, net ConvertibleDebt $1.42B USD Point-in-time
Convertible senior notes, net ConvertibleDebt $1.41B USD Point-in-time
Notes issued by securitization trusts SecuredDebt $2.74B USD Point-in-time
Notes issued by securitization trusts SecuredDebt $2.17B USD Point-in-time
Funding debt LineOfCredit $1.76B USD Point-in-time
Funding debt LineOfCredit $1.91B USD Point-in-time
Total Liabilities Liabilities $6.43B USD Point-in-time
Total Liabilities Liabilities $5.62B 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 $5.14B USD Point-in-time
Additional paid in capital AdditionalPaidInCapital $5.57B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-2.93B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-2.59B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-7.14M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-15.42M USD Point-in-time
Total stockholders equity StockholdersEquity $2.51B USD Point-in-time
Total stockholders equity StockholdersEquity $2.63B USD Point-in-time
Total stockholders equity StockholdersEquity $2.53B USD Point-in-time
Total stockholders equity StockholdersEquity $2.62B USD Point-in-time
Total stockholders equity StockholdersEquity $2.56B USD Point-in-time
Total stockholders equity StockholdersEquity $2.57B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $8.16B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $9.06B USD Point-in-time
Income Statement 116 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $407.05M USD 2 Qtrs
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $302.99M USD 2 Qtrs
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $227.63M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $163.14M USD 1 Quarter
Interest income InterestAndDividendIncomeOperating $155.32M USD 1 Quarter
Interest income InterestAndDividendIncomeOperating $292.12M USD 2 Qtrs
Interest income InterestAndDividendIncomeOperating $288.35M USD 1 Quarter
Interest income InterestAndDividendIncomeOperating $551.02M USD 2 Qtrs
Gain on sales of loans GainLossOnSalesOfLoansNet $52.70M USD 1 Quarter
Gain on sales of loans GainLossOnSalesOfLoansNet $123.20M USD 2 Qtrs
Gain on sales of loans GainLossOnSalesOfLoansNet $59.61M USD 1 Quarter
Gain on sales of loans GainLossOnSalesOfLoansNet $86.99M USD 2 Qtrs
Servicing income ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets $42.86M USD 2 Qtrs
Servicing income ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets $42.59M USD 2 Qtrs
Servicing income ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets $21.49M USD 1 Quarter
Servicing income ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets $22.44M USD 1 Quarter
Total revenue, net Revenues $591.11M USD 1 Quarter
Total revenue, net Revenues $761.18M USD 2 Qtrs
Total revenue, net Revenues $1.09B USD 2 Qtrs
Total revenue, net Revenues $399.56M USD 1 Quarter
Loss on loan purchase commitment LossOnFinancingReceivableCommitmentsToPurchase $38.42M USD 1 Quarter
Loss on loan purchase commitment LossOnFinancingReceivableCommitmentsToPurchase $74.03M USD 2 Qtrs
Loss on loan purchase commitment LossOnFinancingReceivableCommitmentsToPurchase $88.50M USD 2 Qtrs
Loss on loan purchase commitment LossOnFinancingReceivableCommitmentsToPurchase $53.63M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $106.69M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $220.58M USD 2 Qtrs
Provision for credit losses ProvisionForLoanLossesExpensed $120.88M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $170.94M USD 2 Qtrs
Funding costs InterestExpenseDebt $158.55M USD 2 Qtrs
Funding costs InterestExpenseDebt $43.75M USD 1 Quarter
Funding costs InterestExpenseDebt $84.62M USD 1 Quarter
Funding costs InterestExpenseDebt $68.82M USD 2 Qtrs
Processing and servicing ProcessingAndServicingExpense $165.87M USD 2 Qtrs
Processing and servicing ProcessingAndServicingExpense $66.51M USD 1 Quarter
Processing and servicing ProcessingAndServicingExpense $120.87M USD 2 Qtrs
Processing and servicing ProcessingAndServicingExpense $90.20M USD 1 Quarter
Technology and data analytics TechnologyAndDataAnalyticsExpense $156.75M USD 1 Quarter
Technology and data analytics TechnologyAndDataAnalyticsExpense $301.71M USD 2 Qtrs
Technology and data analytics TechnologyAndDataAnalyticsExpense $252.80M USD 2 Qtrs
Technology and data analytics TechnologyAndDataAnalyticsExpense $119.83M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $161.26M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $352.21M USD 2 Qtrs
Sales and marketing SellingAndMarketingExpense $308.13M USD 2 Qtrs
Sales and marketing SellingAndMarketingExpense $188.33M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $319.61M USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $273.11M USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $158.64M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $132.78M USD 1 Quarter
Restructuring and other RestructuringCharges - USD 2 Qtrs
Restructuring and other RestructuringCharges $1.72M USD 2 Qtrs
Restructuring and other RestructuringCharges - USD 1 Quarter
Restructuring and other RestructuringCharges $56.00K USD 1 Quarter
Total operating expenses CostsAndExpenses $763.26M USD 1 Quarter
Total operating expenses CostsAndExpenses $759.09M USD 1 Quarter
Total operating expenses CostsAndExpenses $1.41B USD 2 Qtrs
Total operating expenses CostsAndExpenses $1.47B USD 2 Qtrs
Operating loss OperatingIncomeLoss $-172.15M USD 1 Quarter
Operating loss OperatingIncomeLoss $-647.00M USD 2 Qtrs
Operating loss OperatingIncomeLoss $-359.53M USD 1 Quarter
Operating loss OperatingIncomeLoss $-381.60M USD 2 Qtrs
Other income, net OtherNonoperatingIncomeExpense $43.26M USD 2 Qtrs
Other income, net OtherNonoperatingIncomeExpense $71.55M USD 2 Qtrs
Other income, net OtherNonoperatingIncomeExpense $35.53M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $4.55M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-167.60M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-324.00M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-338.34M USD 2 Qtrs
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-575.45M USD 2 Qtrs
Income tax (benefit) expense IncomeTaxExpenseBenefit $343.00K USD 2 Qtrs
Income tax (benefit) expense IncomeTaxExpenseBenefit $-1.57M USD 1 Quarter
Income tax (benefit) expense IncomeTaxExpenseBenefit $-1.75M USD 2 Qtrs
Income tax (benefit) expense IncomeTaxExpenseBenefit $-700.00K USD 1 Quarter
Net loss NetIncomeLoss $-322.44M USD 1 Quarter
Net loss NetIncomeLoss $-166.90M USD 1 Quarter
Net loss NetIncomeLoss $-251.27M USD 1 Quarter
Net loss NetIncomeLoss $-171.78M USD 1 Quarter
Net loss NetIncomeLoss $-573.71M USD 2 Qtrs
Net loss NetIncomeLoss $-338.69M USD 2 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-17.02M USD 2 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $13.82M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-21.55M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $4.52M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $1.93M USD 2 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-11.90M USD 1 Quarter
Unrealized gain (loss) on securities available for sale, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-2.46M USD 2 Qtrs
Unrealized gain (loss) on securities available for sale, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $3.07M USD 1 Quarter
Unrealized gain (loss) on securities available for sale, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $4.85M USD 1 Quarter
Unrealized gain (loss) on securities available for sale, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $6.21M USD 2 Qtrs
Gain (loss) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax - USD 1 Quarter
Gain (loss) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax - USD 2 Qtrs
Gain (loss) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $149.00K USD 2 Qtrs
Gain (loss) on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-614.00K USD 1 Quarter
Net other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $7.59M USD 1 Quarter
Net other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-19.48M USD 2 Qtrs
Net other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $8.28M USD 2 Qtrs
Net other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $18.06M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-593.19M USD 2 Qtrs
Comprehensive loss ComprehensiveIncomeNetOfTax $-314.85M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-148.84M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-330.40M USD 2 Qtrs
Basic (in USD per share) EarningsPerShareBasic $-1.11 USD 2 Qtrs
Basic (in USD per share) EarningsPerShareBasic $-0.54 USD 1 Quarter
Basic (in USD per share) EarningsPerShareBasic $-1.96 USD 2 Qtrs
Basic (in USD per share) EarningsPerShareBasic $-1.10 USD 1 Quarter
Diluted (in USD per share) EarningsPerShareDiluted $-1.10 USD 1 Quarter
Diluted (in USD per share) EarningsPerShareDiluted $-1.11 USD 2 Qtrs
Diluted (in USD per share) EarningsPerShareDiluted $-1.96 USD 2 Qtrs
Diluted (in USD per share) EarningsPerShareDiluted $-0.54 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 305.71M shares 2 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 292.31M shares 2 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 307.57M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 293.68M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 305.71M shares 2 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 292.31M shares 2 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 307.57M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 293.68M shares 1 Quarter
Cash Flow Statement 118 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-322.44M USD 1 Quarter
Net loss NetIncomeLoss $-166.90M USD 1 Quarter
Net loss NetIncomeLoss $-251.27M USD 1 Quarter
Net loss NetIncomeLoss $-171.78M USD 1 Quarter
Net loss NetIncomeLoss $-573.71M USD 2 Qtrs
Net loss NetIncomeLoss $-338.69M USD 2 Qtrs
Provision for credit losses ProvisionForLoanLossesExpensed $106.69M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $220.58M USD 2 Qtrs
Provision for credit losses ProvisionForLoanLossesExpensed $120.88M USD 1 Quarter
Provision for credit losses ProvisionForLoanLossesExpensed $170.94M USD 2 Qtrs
Amortization of premiums and discounts on loans, net AccretionAmortizationOfDiscountsAndPremiumsFinancingReceivables $68.85M USD 2 Qtrs
Amortization of premiums and discounts on loans, net AccretionAmortizationOfDiscountsAndPremiumsFinancingReceivables $87.98M USD 2 Qtrs
Gain on sales of loans GainLossOnSalesOfLoansNet $52.70M USD 1 Quarter
Gain on sales of loans GainLossOnSalesOfLoansNet $123.20M USD 2 Qtrs
Gain on sales of loans GainLossOnSalesOfLoansNet $59.61M USD 1 Quarter
Gain on sales of loans GainLossOnSalesOfLoansNet $86.99M USD 2 Qtrs
Changes in fair value of assets and liabilities GainLossOnChangesInFairValueOfAssetsAndLiabilities $4.91M USD 2 Qtrs
Changes in fair value of assets and liabilities GainLossOnChangesInFairValueOfAssetsAndLiabilities $11.04M USD 2 Qtrs
Amortization of commercial agreement assets AmortizationOfCommercialAgreementAssets $43.11M USD 2 Qtrs
Amortization of commercial agreement assets AmortizationOfCommercialAgreementAssets $43.11M USD 2 Qtrs
Amortization of debt issuance costs AmortizationOfFinancingCosts $12.76M USD 2 Qtrs
Amortization of debt issuance costs AmortizationOfFinancingCosts $1.75M USD 2 Qtrs
Amortization of discount on securities available for sale AmortizationOfDiscountOnAvailableForSaleSecurities $-14.92M USD 2 Qtrs
Amortization of discount on securities available for sale AmortizationOfDiscountOnAvailableForSaleSecurities $-23.12M USD 2 Qtrs
Commercial agreement warrant expense IncreaseDecreaseInCommercialAgreementAssets $-236.80M USD 2 Qtrs
Commercial agreement warrant expense IncreaseDecreaseInCommercialAgreementAssets $-210.62M USD 2 Qtrs
Stock-based compensation ShareBasedCompensation $202.52M USD 2 Qtrs
Stock-based compensation ShareBasedCompensation $241.58M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $43.89M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $66.64M USD 2 Qtrs
Other OtherNoncashIncomeExpense $-1.14M USD 2 Qtrs
Other OtherNoncashIncomeExpense $-15.66M USD 2 Qtrs
Purchases of loans held for sale PaymentsToPurchaseLoansHeldForSale $3.32B USD 2 Qtrs
Purchases of loans held for sale PaymentsToPurchaseLoansHeldForSale $2.24B USD 2 Qtrs
Proceeds from the sale of loans held for sale ProceedsFromSaleOfLoansHeldForSale $2.26B USD 2 Qtrs
Proceeds from the sale of loans held for sale ProceedsFromSaleOfLoansHeldForSale $3.43B USD 2 Qtrs
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $63.42M USD 2 Qtrs
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $116.49M USD 2 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $41.67M USD 2 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $13.73M USD 2 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $-4.10M USD 2 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $31.20M USD 2 Qtrs
Payable to third-party loan owners IncreaseDecreaseInThirdPartyLoanOwnerPayable $80.72M USD 2 Qtrs
Payable to third-party loan owners IncreaseDecreaseInThirdPartyLoanOwnerPayable $55.99M USD 2 Qtrs
Accrued interest payable IncreaseDecreaseInInterestPayableNet $5.90M USD 2 Qtrs
Accrued interest payable IncreaseDecreaseInInterestPayableNet $8.96M USD 2 Qtrs
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-36.99M USD 2 Qtrs
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-10.40M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $22.67M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $173.22M USD 2 Qtrs
Purchases and origination of loans held for investment PaymentsToAcquireFinanceReceivables $6.54B USD 2 Qtrs
Purchases and origination of loans held for investment PaymentsToAcquireFinanceReceivables $10.33B USD 2 Qtrs
Proceeds from the sale of loans held for investment ProceedsFromSaleOfFinanceReceivables $2.98B USD 2 Qtrs
Proceeds from the sale of loans held for investment ProceedsFromSaleOfFinanceReceivables $702.99M USD 2 Qtrs
Principal repayments and other loan servicing activity ProceedsFromCollectionOfFinanceReceivables $4.63B USD 2 Qtrs
Principal repayments and other loan servicing activity ProceedsFromCollectionOfFinanceReceivables $6.54B USD 2 Qtrs
Additions to property, equipment and software PaymentsToAcquirePropertyPlantAndEquipment $65.40M USD 2 Qtrs
Additions to property, equipment and software PaymentsToAcquirePropertyPlantAndEquipment $74.56M USD 2 Qtrs
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $105.63M USD 2 Qtrs
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $193.32M USD 2 Qtrs
Proceeds from maturities and repayments of securities available for sale ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $482.03M USD 2 Qtrs
Proceeds from maturities and repayments of securities available for sale ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $798.15M USD 2 Qtrs
Other investing cash inflows/(outflows) ProceedsFromOtherInvestingActivities $1.59M USD 2 Qtrs
Other investing cash inflows/(outflows) ProceedsFromOtherInvestingActivities $-34.67M USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-640.76M USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-574.94M USD 2 Qtrs
Proceeds from funding debt ProceedsFromLongTermLinesOfCredit $6.44B USD 2 Qtrs
Proceeds from funding debt ProceedsFromLongTermLinesOfCredit $3.37B USD 2 Qtrs
Payment of debt issuance costs PaymentsOfDebtIssuanceCosts $4.77M USD 2 Qtrs
Payment of debt issuance costs PaymentsOfDebtIssuanceCosts $16.28M USD 2 Qtrs
Principal repayments of funding debt RepaymentsOfLongTermLinesOfCredit $2.15B USD 2 Qtrs
Principal repayments of funding debt RepaymentsOfLongTermLinesOfCredit $6.29B USD 2 Qtrs
Proceeds from issuance of notes and residual trust certificates by securitization trusts ProceedsFromIssuanceOfSecuredDebt $1.10B USD 2 Qtrs
Proceeds from issuance of notes and residual trust certificates by securitization trusts ProceedsFromIssuanceOfSecuredDebt $250.00M USD 2 Qtrs
Principal repayments of notes issued by securitization trusts RepaymentsOfSecuredDebt $528.28M USD 2 Qtrs
Principal repayments of notes issued by securitization trusts RepaymentsOfSecuredDebt $559.38M USD 2 Qtrs
Proceeds from exercise of common stock options and warrants and contributions to ESPP ProceedsFromStockOptionsAndWarrantsExercised $25.17M USD 2 Qtrs
Proceeds from exercise of common stock options and warrants and contributions to ESPP ProceedsFromStockOptionsAndWarrantsExercised $8.25M USD 2 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock - USD 2 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $109.00K USD 2 Qtrs
Payments of tax withholding for stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $75.67M USD 2 Qtrs
Payments of tax withholding for stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $45.32M USD 2 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $869.36M USD 2 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $655.15M USD 2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-3.10M USD 2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $421.00K USD 2 Qtrs
Net increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $313.99M USD 2 Qtrs
Net increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $188.03M USD 2 Qtrs
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.26B USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.86B USD Point-in-time
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 $1.45B USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.26B USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.86B 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 $1.45B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $892.03M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.04B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.44B USD Point-in-time
Restricted cash RestrictedCash $367.92M USD Point-in-time
Restricted cash RestrictedCash $411.26M USD Point-in-time
Restricted cash RestrictedCash $424.46M USD Point-in-time
Total cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.26B USD Point-in-time
Total cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.86B 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 $1.45B USD Point-in-time
Cash payments for interest expense InterestPaidNet $55.90M USD 2 Qtrs
Cash payments for interest expense InterestPaidNet $142.45M USD 2 Qtrs
Cash paid for operating leases OperatingLeasePayments $8.25M USD 2 Qtrs
Cash paid for operating leases OperatingLeasePayments $8.24M USD 2 Qtrs
Cash paid for income taxes IncomeTaxesPaid $212.00K USD 2 Qtrs
Cash paid for income taxes IncomeTaxesPaid $571.00K USD 2 Qtrs
Stock-based compensation included in capitalized internal-use software EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount $68.46M USD 2 Qtrs
Stock-based compensation included in capitalized internal-use software EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount $22.44M USD 1 Quarter
Stock-based compensation included in capitalized internal-use software EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount $43.65M USD 2 Qtrs
Stock-based compensation included in capitalized internal-use software EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount $29.66M USD 1 Quarter
Right of use assets obtained in exchange for operating lease liabilities RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $494.00K USD 2 Qtrs
Right of use assets obtained in exchange for operating lease liabilities RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability - USD 2 Qtrs
Stockholders Equity 50 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquity $2.51B USD Point-in-time
Beginning balance StockholdersEquity $2.63B USD Point-in-time
Beginning balance StockholdersEquity $2.53B USD Point-in-time
Beginning balance StockholdersEquity $2.62B USD Point-in-time
Beginning balance StockholdersEquity $2.56B USD Point-in-time
Beginning balance StockholdersEquity $2.57B USD Point-in-time
Issuance of common stock upon exercise of stock options (in shares) StockIssuedDuringPeriodSharesStockOptionsExercised 2.44M shares 2 Qtrs
Issuance of common stock upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $3.62M USD 1 Quarter
Issuance of common stock upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $17.42M 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, employee share purchase plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan $4.14M USD 1 Quarter
Issuance of common stock, employee share purchase plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan $5.92M USD 1 Quarter
Repurchases of common stock StockRepurchasedDuringPeriodValue $109.00K USD 1 Quarter
Vesting of warrants for common stock AdjustmentsToAdditionalPaidInCapitalWarrantIssued $114.70M USD 1 Quarter
Vesting of warrants for common stock AdjustmentsToAdditionalPaidInCapitalWarrantIssued $108.74M USD 1 Quarter
Vesting of warrants for common stock AdjustmentsToAdditionalPaidInCapitalWarrantIssued $95.91M USD 1 Quarter
Vesting of warrants for common stock AdjustmentsToAdditionalPaidInCapitalWarrantIssued $128.05M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $144.22M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $141.01M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $151.16M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $119.82M USD 1 Quarter
Tax withholding on stock-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $18.01M USD 1 Quarter
Tax withholding on stock-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $39.16M USD 1 Quarter
Tax withholding on stock-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $27.31M USD 1 Quarter
Tax withholding on stock-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $36.52M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-17.02M USD 2 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $13.82M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-21.55M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $4.52M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $1.93M USD 2 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-11.90M USD 1 Quarter
Unrealized loss on securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $1.35M USD 1 Quarter
Unrealized loss on securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $3.07M USD 1 Quarter
Unrealized loss on securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $4.85M USD 1 Quarter
Unrealized loss on securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-5.53M USD 1 Quarter
Gain on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent $614.00K USD 1 Quarter
Gain on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent $-763.00K USD 1 Quarter
Net loss NetIncomeLoss $-322.44M USD 1 Quarter
Net loss NetIncomeLoss $-166.90M USD 1 Quarter
Net loss NetIncomeLoss $-251.27M USD 1 Quarter
Net loss NetIncomeLoss $-171.78M USD 1 Quarter
Net loss NetIncomeLoss $-573.71M USD 2 Qtrs
Net loss NetIncomeLoss $-338.69M USD 2 Qtrs
Ending balance StockholdersEquity $2.51B USD Point-in-time
Ending balance StockholdersEquity $2.63B USD Point-in-time
Ending balance StockholdersEquity $2.53B USD Point-in-time
Ending balance StockholdersEquity $2.62B USD Point-in-time
Ending balance StockholdersEquity $2.56B USD Point-in-time
Ending balance StockholdersEquity $2.57B USD Point-in-time

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

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