v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenue    
Interest income $ 963,496 $ 876,114
Non-interest income 93,423 76,431
Total revenue 1,056,919 952,545
Less:    
Interest expense 179,414 93,046
Net decrease in fair value (596,839) (218,842)
Net revenue 280,666 640,657
Operating expenses:    
Technology and facilities 219,406 216,120
Sales and marketing 75,284 110,033
Personnel 121,843 154,850
Outsourcing and professional fees 45,401 67,630
General, administrative and other 72,385 58,838
Goodwill impairment 0 108,472
Total operating expenses 534,319 715,943
Income (loss) before taxes (253,653) (75,286)
Income tax expense (benefit) (73,702) 2,458
Net income (loss) (179,951) (77,744)
Net income (loss) attributable to common stockholders (179,951) (77,744)
Net income (loss) attributable to common stockholders $ (179,951) $ (77,744)
Earnings (loss) per share:    
Basic (in USD per share) $ (4.88) $ (2.37)
Diluted (in USD per share) $ (4.88) $ (2.37)
Weighted average common shares outstanding:    
Basic (in shares) 36,875,950 32,825,772
Diluted (in shares) 36,875,950 32,825,772

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