v3.24.1.u1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Interest income $ 230,590 $ 237,619
Non-interest income 19,892 21,893
Total revenue 250,482 259,512
Less:    
Interest expense 54,465 38,997
Net decrease in fair value (116,850) (215,710)
Net revenue 79,167 4,805
Operating expenses:    
Technology and facilities 47,105 56,874
Sales and marketing 16,003 19,182
Personnel 24,516 37,318
Outsourcing and professional fees 10,241 13,802
General, administrative and other 11,777 19,162
Total operating expenses 109,642 146,338
Income (loss) before taxes (30,475) (141,533)
Income tax benefit (4,036) (39,443)
Net loss (26,439) (102,090)
Net income (loss) attributable to common stockholders (26,439) (102,090)
Net income (loss) attributable to common stockholders $ (26,439) $ (102,090)
Earnings (loss) per share:    
Basic (in USD per share) $ (0.68) $ (3.00)
Diluted (in USD per share) $ (0.68) $ (3.00)
Weighted average common shares outstanding:    
Basic (in shares) 38,900,876 33,979,050
Diluted (in shares) 38,900,876 33,979,050

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