7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
      
    		                   
      cash flows from operating activities
    		                   
      net income
    		-8,735,000 -25,273,000 -40,696,000 -67,466,000 2,672,000 -65,852,000 -71,505,000 -59,769,000 -34,263,000 -49,759,000 -91,721,000 -157,762,000 -137,482,000 -223,823,000 -91,318,000 14,732,000 154,277,000 26,284,000 427,853,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                   
      cash from operating activities:
    		                   
      depreciation and amortization expense
    		6,729,000 6,379,000 7,666,000 8,779,000 8,931,000 8,955,000 9,443,000 9,922,000 10,592,000 10,721,000 10,026,000 10,085,000 10,243,000 11,322,000 10,545,000 9,714,000 8,688,000 8,685,000 8,454,000 
      amortization of operating lease right-of-use asset
    		2,419,000 2,730,000 2,806,000 2,846,000 3,115,000 2,757,000 2,289,000 4,033,000 3,341,000 3,402,000 3,386,000 3,669,000 5,835,000 5,675,000 5,597,000 5,681,000 5,338,000 5,699,000 5,895,000 
      amortization of debt discount and debt issuance costs
    		6,635,000 6,298,000 5,806,000  5,842,000               
      gain on origination and sale of loans
    		-194,559,000 -183,117,000 -150,750,000 -209,385,000 -169,525,000 -156,241,000 -65,671,000 -158,856,000 -157,284,000 -144,034,000 -43,016,000 -257,015,000 -136,516,000 -367,219,000 -442,771,000 -776,908,000 -814,565,000 -1,051,075,000 -990,904,000 
      fair value change in trading securities
    		-1,404,000 -350,000 -1,359,000 3,372,000 -4,613,000 -340,000 927,000 -4,916,000 2,436,000 815,000 -2,486,000 1,377,000 6,313,000 6,291,000 7,592,000     
      benefit for loss obligation on sold loans and servicing rights
    		    -2,942,000               
      deferred tax benefit
    		-7,827,000 -15,568,000 -6,598,000                 
      fair value change in derivative assets
    		2,325,000 2,331,000 5,138,000 59,262,000 -37,263,000 15,232,000 41,020,000 12,434,000 21,917,000 25,167,000 -25,763,000 301,563,000 -159,459,000 254,858,000 -63,176,000 147,678,000 8,947,000 396,518,000 -92,879,000 
      fair value change in derivative liabilities
    		-7,015,000 5,648,000 -11,607,000 2,916,000 4,287,000 6,623,000 -73,729,000 35,220,000 40,952,000 -26,872,000 -31,830,000 -82,345,000 77,079,000 -40,608,000 75,569,000 -11,102,000 -9,906,000 -36,384,000 -72,980,000 
      fair value change in loans held for sale
    		-6,613,000 4,909,000 -34,347,000 46,133,000 -23,510,000 -10,950,000 15,241,000 -54,652,000 14,142,000 14,321,000 -38,751,000 -70,605,000 81,197,000 -50,618,000 225,137,000 37,705,000 33,819,000 -145,653,000 178,844,000 
      fair value change in loans held for investment
    		-2,755,000 -118,000 -958,000 1,829,000 -3,356,000               
      fair value change in servicing rights
    		56,117,000 42,642,000 59,803,000 -24,945,000 94,023,000 30,617,000 7,817,000 94,762,000 -30,149,000 15,480,000 56,025,000 47,522,000 -25,846,000 -32,416,000 -121,874,000 128,413,000 102,692,000 235,037,000 -112,917,000 
      stock-based compensation expense
    		3,600,000 -2,256,000 5,716,000 5,967,000 8,199,000 5,898,000 4,855,000 6,374,000 3,940,000 5,753,000 5,926,000 8,789,000 4,773,000 4,712,000 2,309,000 2,714,000 2,597,000   
      originations of loans
    		-6,398,007,000 -6,574,572,000 -5,049,308,000 -7,047,879,000 -6,545,027,000 -5,979,131,000 -4,502,323,000 -5,296,574,000 -6,005,613,000 -6,200,295,000 -4,891,247,000 -6,251,794,000 -9,700,118,000 -15,769,230,000 -21,373,625,000 -28,888,874,000 -31,902,260,000 -34,413,319,000 -41,401,575,000 
      proceeds from sales of loans
    		6,776,421,000 7,047,721,000 5,255,275,000 7,508,156,000 6,419,077,000 5,874,293,000 4,448,838,000 5,461,684,000 6,296,425,000 6,114,954,000 5,366,139,000 6,948,132,000 11,740,323,000 18,044,288,000 22,948,300,000 30,116,931,000 32,629,117,000 34,901,114,000 40,380,774,000 
      proceeds from principal payments
    		17,378,000 18,004,000 17,352,000 17,746,000 19,396,000 155,514,000 26,073,000 36,081,000 46,886,000 31,688,000 15,097,000 12,614,000 18,823,000 40,598,000 60,287,000 63,061,000 53,316,000 43,206,000 23,300,000 
      payments to investors for loan repurchases
    		-250,419,000 -240,478,000 -257,165,000 -208,815,000 -177,407,000 -149,976,000 -141,396,000 -122,287,000 -96,422,000 -124,554,000 -148,589,000 -164,901,000 -201,623,000 -235,241,000 -141,146,000 -147,922,000 -146,845,000 -114,296,000 -556,870,000 
      premiums (paid) received on derivatives
    		                   
      loss on extinguishment of debt
    		                   
      disbursements from joint ventures
    		1,664,000 1,325,000 466,000 7,067,000 2,873,000 2,672,000 3,320,000 3,680,000 7,892,000 3,477,000 3,919,000 3,693,000 3,870,000 3,643,000 922,000 2,984,000 2,975,000 4,971,000 819,000 
      changes in operating assets and liabilities:
    		                   
      other changes in operating assets and liabilities
    		31,831,000 -10,015,000 23,029,000 -27,970,000 26,816,000 -711,000 36,974,000 -150,235,000 78,015,000 14,357,000 41,172,000 -293,795,000 152,049,000 -176,475,000 156,736,000 -114,879,000 230,298,000 -265,988,000 76,795,000 
      net cash from operating activities
    		43,413,000 67,627,000 -179,890,000 40,562,000 -349,168,000 -278,291,000 -278,523,000 -205,418,000 163,284,000 -337,433,000 205,352,000 45,833,000 1,743,985,000 1,522,489,000 1,148,439,000 593,153,000 211,435,000 -392,472,000 -1,877,801,000 
      capex
    		-4,731,000 -6,234,000 -6,796,000 -6,917,000 -7,278,000 -7,427,000 -4,764,000 -4,295,000 -4,770,000 -5,272,000 -6,275,000 -5,598,000 -8,769,000 -14,549,000 -14,295,000 -10,294,000 -13,430,000 -16,237,000 -14,163,000 
      free cash flows
    		38,682,000 61,393,000 -186,686,000 33,645,000 -356,446,000 -285,718,000 -283,287,000 -209,713,000 158,514,000 -342,705,000 199,077,000 40,235,000 1,735,216,000 1,507,940,000 1,134,144,000 582,859,000 198,005,000 -408,709,000 -1,891,964,000 
      cash flows from investing activities
    		                   
      purchase of property and equipment
    		-4,731,000 -6,234,000 -6,796,000 -6,917,000 -7,278,000 -7,427,000 -4,764,000 -4,295,000 -4,770,000 -5,272,000 -6,275,000 -5,598,000 -8,769,000 -14,549,000 -14,295,000 -10,294,000 -13,430,000 -16,237,000 -14,163,000 
      proceeds from sale of servicing rights
    		11,607,000 10,348,000 5,132,000 37,215,000 -24,318,000 439,199,000 56,113,000 9,520,000 73,974,000 85,164,000 12,029,000 13,875,000 301,969,000 84,191,000 303,777,000 16,597,000 155,936,000 176,360,000 635,000 
      cash flows received on trading securities
    		1,495,000 1,634,000 1,470,000 1,487,000 1,765,000 2,407,000 430,000 1,348,000 1,672,000 1,304,000 1,168,000 1,590,000 1,785,000 2,215,000 1,894,000 1,651,000    
      investments in joint ventures
    		0 0 -150,000          0 0 -350,000  0   
      proceeds from principal payments on loans held for investment
    		3,004,000 2,974,000 3,139,000 3,610,000 1,578,000               
      return of capital from joint ventures
    		   4,000 0 0 245,000         32,000 0 0 189,000 
      net cash flows from investing activities
    		11,375,000 8,722,000 2,795,000  -28,253,000 436,103,000 52,024,000  70,876,000 81,196,000 6,922,000 9,892,000 294,985,000 71,857,000 291,026,000 7,986,000 143,123,000 159,008,000 -13,339,000 
      cash flows from financing activities
    		                   
      proceeds from borrowings on warehouse and other lines of credit
    		5,753,946,000 6,457,057,000 3,648,611,000 6,427,905,000 6,390,876,000 5,585,503,000 4,251,674,000 4,787,798,000 5,471,653,000 5,688,825,000 4,566,739,000 5,924,731,000 9,567,186,000       
      repayment of borrowings on warehouse and other lines of credit
    		-5,782,657,000 -6,536,088,000 -3,535,291,000 -6,616,491,000 -6,038,291,000 -5,441,994,000 -4,129,112,000 -4,738,601,000 -5,620,001,000 -5,472,937,000 -4,883,022,000 -6,307,564,000 -11,303,093,000       
      proceeds from debt obligations
    		171,249,000 514,910,000 340,815,000 -264,999,000 37,600,000 409,679,000 605,572,000 192,079,000 12,806,000 178,882,000 19,067,000 18,377,000 6,777,000 967,295,000 1,131,952,000 222,745,000 134,816,000 267,478,000 776,743,000 
      payments on debt obligations
    		-147,693,000 -471,753,000 -349,817,000 329,455,000 -61,108,000 -748,762,000 -565,321,000 -122,494,000 -46,137,000 -243,140,000 -6,108,000 -13,957,000 -152,185,000 -490,654,000 -800,092,000 -2,237,000 -200,594,000 -101,012,000 -175,935,000 
      payments of debt issuance costs
    		-1,165,000 -5,405,000 -6,007,000 -1,051,000 -1,459,000 -8,010,000 -2,819,000 -4,530,000 -16,000 -747,000 -14,000 -1,269,000 -420,000 -733,000 -3,402,000 -5,346,000 -1,926,000 -2,653,000 -11,260,000 
      treasury stock purchased to net settle and withhold taxes on vested shares
    		-6,392,000 -1,613,000 -635,000 -1,539,000 -1,313,000 -572,000 -423,000 -899,000 -270,000 -1,472,000 -570,000 -57,000 -138,000 -73,000 -162,000 -8,000    
      exercise of stock options
    		                   
      dividends and shareholder distributions
    		5,000 -1,083,000 -2,075,000 -436,000 -1,453,000 -455,000 -919,000 -705,000 -601,000 -1,010,000 -664,000 -359,000 -1,798,000 -86,877,000 -30,230,000 -43,581,000    
      net cash from financing activities
    		-7,017,000 -43,975,000 95,601,000 -127,156,000 324,852,000 -204,611,000 158,652,000 112,648,000 -182,566,000 148,401,000 -304,572,000 -380,098,000 -1,883,671,000 -1,152,606,000 -1,352,226,000 -584,956,000 -386,863,000 118,336,000 2,154,297,000 
      net change in cash and cash equivalents and restricted cash
    		47,771,000 32,374,000 -81,494,000 -51,420,000 -52,569,000 -46,799,000 -67,847,000 -86,105,000 51,594,000 -107,836,000 -92,298,000 -324,373,000 155,299,000 441,740,000 87,239,000 16,183,000 -32,305,000 -115,128,000 263,157,000 
      cash and cash equivalents and restricted cash at beginning of the period
    		0 0 527,221,000 0 0 0 745,856,000 0 0 0 980,501,000 0 0 0 620,596,000 0 0 0 488,689,000 
      cash and cash equivalents and restricted cash at end of the period
    		47,771,000 32,374,000 445,727,000 -51,420,000 -52,569,000 -46,799,000 678,009,000 -86,105,000 51,594,000 -107,836,000 888,203,000 -324,373,000 155,299,000 441,740,000 707,835,000 16,183,000 -32,305,000 -115,128,000 751,846,000 
      supplemental disclosures:
    		                   
      cash paid during the period for:
    		                   
      interest
    		59,533,000 93,129,000 55,559,000 89,697,000 63,551,000 93,976,000 58,294,000 98,149,000 61,339,000 104,316,000 57,822,000 75,593,000 58,075,000 68,980,000 51,080,000 90,328,000 53,646,000 76,596,000 49,901,000 
      income taxes
    		229,000 456,000 -178,000 4,120,000 4,908,000 -21,000 17,000 -5,008,000 -337,000 -51,000 -3,474,000 2,873,000 -366,000 18,365,000 5,858,000 1,406,000 -5,705,000 7,625,000 3,000 
      supplemental disclosure of noncash investing and financing activities
    		                   
      loans transferred from held for sale to held for investment
    		   -1,000 1,000               
      operating leases right-of-use assets obtained in exchange for lease liabilities
    		1,381,000 5,755,000 5,061,000  1,619,000 1,068,000 288,000  1,989,000 2,767,000 2,734,000  6,021,000 5,888,000 2,768,000  3,216,000 2,616,000 2,669,000 
      cash and cash equivalents and restricted cash reconciliation
    		                   
      cash and cash equivalents
    		50,538,000 37,143,000 371,480,000                 
      restricted cash
    		-2,767,000 -4,769,000 74,247,000                 
      total cash and cash equivalents and restricted cash
    		47,771,000 32,374,000 445,727,000                 
      benefit from loss obligation on sold loans and servicing rights
    		 3,798,000 351,000    1,713,000 -1,526,000 -2,066,000 2,427,000 9,725,000 26,164,000 16,927,000 84,773,000 23,347,000 6,003,000 6,648,000 4,895,000 857,000 
      premium paid on derivatives
    		 -22,411,000 -10,510,000   -10,956,000 -11,501,000  -28,157,000 -20,925,000 -19,450,000    -93,256,000     
      cash paid (received) during the period for:
    		                   
      adjustments to reconcile net income to net
    		                   
      amortization of debt issuance costs
    		      2,752,000 2,338,000 1,624,000 1,575,000 1,855,000 2,318,000 4,775,000 3,872,000 4,195,000 3,251,000 2,638,000 4,059,000 2,685,000 
      decrease in benefit from deferred income taxes
    		   -13,969,000 -9,151,000 -11,304,000 -13,660,000  -5,626,000 -8,119,000 -14,874,000         
      premiums paid on derivatives
    		                   
      gain on extinguishment of debt
    		   0 0   0 -1,651,000   0 0 0 -10,528,000     
      goodwill impairment
    		           0 0       
      investment in joint ventures
    		                   
      net cash from investing activities
    		                   
      operating lease right-of-use assets obtained in exchange for lease liabilities
    		                   
      trading securities retained in securitizations
    		           0 0 20,350,000 30,076,000 18,948,000    
      premium received (paid) on derivatives
    		               -983,000    
      increase in benefit from deferred income taxes
    		           -17,543,000 -23,090,000 -25,374,000 -14,269,000     
      premium (paid) received on derivatives
    		           -24,327,000 -3,581,000      -19,700,000 
      purchase of options contracts
    		               0 0   
      payments on financing lease obligation
    		               -1,699,000    
      purchase of equipment under financing leases
    		               0    
      gain on sale of servicing rights
    		        -3,647,000 -6,973,000 -191,000  9,493,000       
      (gain) loss on sale of servicing rights
    		              -20,134,000 -5,000 10,025,000   
      change in fair value of contingent consideration
    		                   
      payments for contingent consideration
    		                   
      redemptions of noncontrolling interests
    		                   
      payments for repurchase of noncontrolling interests
    		                   
      supplemental disclosures of cash flow information
    		                   
      proceeds from borrowings on warehouse lines of credit
    		              24,542,427,000 33,381,549,000 35,877,000,000 39,526,523,000 45,606,028,000 
      repayment of borrowings on warehouse lines of credit
    		              -26,192,719,000 -34,136,492,000 -36,163,224,000 -39,337,608,000 -43,874,006,000 
      disposition of securities held for resale
    		                   
      benefit from deferred income taxes
    		                   
      proceeds from financing lease transactions
    		                   
      redemption of class i common units
    		                   
      payments on repurchase of units
    		                   
      increase in net deferred tax liabilities
    		                 -1,021,000 203,892,000 
      premium received on derivatives
    		                   
      payments on capital lease obligation
    		                 -678,000 -689,000 
      dividend distributions
    		                 -233,714,000 -166,584,000 
      trading securities retained in securitization
    		                   
      purchase of equipment under capital leases
    		                 0 168,000 
      loss on sale of servicing rights
    		                  39,000 
      equity compensation
    		                  59,817,000 
      amortization of operating lease right-of-use assets
    		                   
      decrease (increase) in trading securities
    		                   
      purchase of consumer loans
    		                   
      proceeds from capital lease transactions
    		                   
      dividend distributions to noncontrolling interests
    		                   
      operating lease right-of-use assets received in exchange for lease liabilities
    		                   
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.