7Baggers
Quarterly
Annual
    Unit: USD2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 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 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 
      
    		                             
      operating activities
    		                             
      net income
    		-92,519,000 -36,365,000 -33,782,000 -27,880,000 -66,774,000 -27,358,000 -60,798,000 -61,946,000 -90,245,000 -78,146,000 -90,806,000 -27,002,000 -18,949,000 -27,878,000 -35,784,000 14,035,000 34,166,000 -6,611,000 -60,117,000 -7,782,000 6,781,000 -12,624,000 -67,180,000 -12,222,000 3,476,000 3,207,000 -36,439,000 -1,799,000 10,559,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                             
      depreciation and amortization
    		8,309,000 9,428,000 9,485,000 9,457,000 14,398,000 17,133,000 17,013,000 17,469,000 16,298,000 16,327,000 14,813,000 14,603,000 14,285,000 13,677,000 4,341,000 3,983,000 3,716,000 3,558,000 3,307,000 2,864,000 2,557,000 2,172,000 1,637,000 2,342,000 2,221,000 1,899,000 2,003,000 1,850,000 1,787,000 
      stock-based compensation
    		15,362,000 17,217,000 18,302,000 18,231,000 17,409,000 17,554,000 19,028,000 16,585,000 18,071,000 16,813,000 16,788,000 15,284,000 13,111,000 13,744,000 12,583,000 11,209,000 11,348,000 7,205,000 7,211,000 8,022,000 7,510,000 5,876,000 6,406,000 5,966,000 5,498,000 4,778,000 4,196,000   
      contract asset amortization
    		1,323,000                             
      amortization of debt discount and issuance costs
    		851,000 836,000 908,000 663,000 709,000 942,000 1,087,000 1,779,000 1,459,000 1,459,000 1,440,000 1,406,000 1,380,000 1,348,000 855,000 6,784,000 1,777,000 1,747,000 1,730,000 1,711,000 1,643,000 1,524,000 1,507,000 1,456,000      
      non-cash lease expense
    		2,615,000 2,769,000 2,882,000 3,010,000 3,154,000 4,762,000 4,816,000 4,921,000 4,217,000 3,927,000 3,169,000 3,120,000 3,062,000 2,915,000 2,533,000 2,383,000 2,299,000 2,268,000 2,254,000 2,213,000 1,784,000 1,727,000 1,216,000       
      net gain on irlcs, forward sales commitments, and loans held for sale
    		-3,042,000  387,000 1,928,000 -4,124,000      60,000 473,000 104,000                 
      change in fair value of mortgage servicing rights
    		116,000 -150,000 202,000 -579,000 -365,000 -609,000 1,208,000 671,000 -594,000                     
      gain on extinguishment of convertible senior notes
    		 0 0 -6,314,000 -5,686,000 -20,083,000 -42,270,000                       
      other
    		4,600,000 96,000 168,000 117,000 263,000 -620,000 -1,174,000 537,000 84,000 880,000 2,290,000 -380,000 -4,016,000 60,000 109,000 344,000 497,000 -201,000 -989,000 -262,000 -301,000         
      change in assets and liabilities:
    		                             
      accounts receivable
    		8,999,000 26,241,000 551,000 -20,683,000 -3,245,000 -20,807,000 6,738,000 41,463,000 -10,261,000 -24,103,000 17,312,000 22,338,000 -7,175,000 -29,615,000 7,303,000 -13,634,000 -6,903,000 -12,361,000 -2,598,000           
      prepaid expenses and other assets
    		-1,620,000 1,912,000 -12,241,000 6,818,000 -4,718,000 7,758,000 1,110,000 -3,183,000 131,000 -870,000 -1,982,000 -2,716,000 -2,395,000 -3,778,000 -3,359,000 -2,835,000 -278,000 2,037,000 3,409,000 -3,457,000 -1,312,000         
      accounts payable
    		3,263,000 2,569,000 2,667,000 -4,297,000 5,432,000 4,487,000 -1,675,000 -597,000 -7,839,000 -3,912,000 9,876,000 2,443,000 -15,150,000 9,819,000 5,947,000 1,235,000 -189,000 526,000 514,000 -973,000 -771,000 -13,498,000 14,848,000 -85,000 -1,232,000 905,000 1,029,000 -1,479,000 326,000 
      accrued and other liabilities and deferred tax liabilities
    		14,537,000                             
      deferred revenue
    		97,321,000                             
      lease liabilities
    		-3,384,000 -3,689,000 -3,877,000 -4,027,000 -4,089,000 -6,171,000 -4,619,000 -6,017,000 -4,393,000 -4,400,000 -3,642,000 -3,624,000 -3,500,000 -3,193,000 -2,951,000 -2,944,000 -2,887,000 -2,788,000 -2,693,000           
      origination of mortgage servicing rights
    		-44,000 -85,000 -86,000 -23,000 -61,000 -232,000 -347,000 -366,000 -1,810,000                     
      proceeds from sale of mortgage servicing rights
    		50,000 33,000 46,000 30,234,000 269,000 399,000 339,000 348,000 540,000                     
      origination of loans held for sale
    		-774,556,000 -908,474,000 -1,082,051,000 -1,160,819,000 -828,421,000 -1,068,605,000 -854,085,000 -858,343,000 -1,449,722,000 -1,482,191,000 -159,186,000 -241,279,000 -257,429,000 -261,184,000 -227,090,000 -198,157,000 -185,077,000 -161,379,000 -132,697,000 -110,456,000 -131,847,000 -103,485,000 -49,850,000 -29,866,000 -26,908,000 -19,772,000 -9,477,000 -5,253,000 -2,733,000 
      proceeds from sale of loans originated as held for sale
    		755,697,000 966,784,000 1,077,909,000 1,119,011,000 821,714,000 1,026,935,000 861,771,000 917,724,000 1,495,099,000 1,417,182,000 170,577,000 248,184,000 266,234,000 253,512,000 225,140,000 198,158,000 185,010,000 163,362,000 111,233,000 110,716,000 139,770,000 89,065,000 39,015,000 30,874,000 24,572,000 17,668,000 9,887,000  2,553,000 
      net cash from operating activities
    		37,878,000 63,739,000 -42,118,000 -7,948,000 -45,980,000 -37,819,000 26,704,000 188,980,000 20,011,000 -247,501,000 79,001,000 112,553,000 -200,483,000 -162,873,000 -50,765,000 9,732,000 42,791,000 52,193,000 -43,449,000 25,028,000 10,971,000 -96,452,000 -47,157,000 -15,894,000 5,433,000 -5,749,000 -20,492,000 -5,196,000 10,922,000 
      capex
    		-3,234,000 -2,225,000 -2,189,000 -3,237,000 -3,558,000 -3,294,000 -2,919,000 -4,035,000 -5,365,000 -4,689,000 -7,442,000 -6,917,000 -6,995,000 -8,295,000 -5,285,000 -4,295,000 -4,319,000 -2,666,000 -3,406,000 -2,712,000 -3,317,000 -6,353,000 -3,151,000 -2,775,000 -1,483,000 -1,740,000 -2,305,000 -1,614,000 -1,064,000 
      free cash flows
    		34,644,000 61,514,000 -44,307,000 -11,185,000 -49,538,000 -41,113,000 23,785,000 184,945,000 14,646,000 -252,190,000 71,559,000 105,636,000 -207,478,000 -171,168,000 -56,050,000 5,437,000 38,472,000 49,527,000 -46,855,000 22,316,000 7,654,000 -102,805,000 -50,308,000 -18,669,000 3,950,000 -7,489,000 -22,797,000 -6,810,000 9,858,000 
      investing activities
    		                             
      purchases of property and equipment
    		-3,234,000 -2,225,000 -2,189,000 -3,237,000 -3,558,000 -3,294,000 -2,919,000 -4,035,000 -5,365,000 -4,689,000 -7,442,000 -6,917,000 -6,995,000 -8,295,000 -5,285,000 -4,295,000 -4,319,000 -2,666,000 -3,406,000 -2,712,000 -3,317,000 -6,353,000 -3,151,000 -2,775,000 -1,483,000 -1,740,000 -2,305,000 -1,614,000 -1,064,000 
      sales of investments
    		 0 0 0 39,225,000 53,085,000 12,014,000 4,599,000 0 7,600,000 5,346,000 0 9,151,000   1,304,000 3,400,000 -28,425,000 31,608,000 10,481,000 905,000         
      maturities of investments
    		 0 0 0 6,395,000 10,900,000 48,483,000 33,400,000 46,630,000 12,925,000 6,500,000 10,470,000 3,460,000 29,254,000 63,589,000 65,080,000 42,421,000 38,754,000 1,597,000 19,500,000          
      net cash from investing activities
    		-3,234,000 -2,225,000 -2,189,000 -3,237,000 42,062,000 41,381,000 22,000 -3,229,000 -21,824,000 -86,093,000 -73,192,000 -13,444,000 -18,784,000 -534,505,000 -9,573,000 -965,000 -4,892,000 -47,794,000 -3,468,000 -2,933,000 -33,263,000 -76,565,000 -3,151,000 -4,775,000 -1,483,000 -1,740,000 -2,305,000 -356,000 -820,000 
      financing activities
    		                             
      proceeds from the issuance of common stock pursuant to employee equity plans
    		1,835,000 1,801,000 2,599,000 2,064,000 94,000 5,522,000 143,000 1,849,000 421,000 7,371,000 1,887,000 8,578,000 1,698,000 9,085,000 3,411,000               
      tax payments related to net share settlements on restricted stock units
    		-721,000 -710,000 -634,000 -411,000 -529,000 -7,935,000 -3,161,000 -848,000 -2,907,000 -1,148,000 -2,595,000 -5,978,000 -4,558,000 -5,670,000 -10,860,000 -5,865,000 -4,922,000 -2,758,000 -3,307,000 -2,270,000 -1,064,000         
      borrowings from warehouse credit facilities
    		783,547,000 928,730,000 1,100,357,000 1,160,636,000 827,186,000 1,067,499,000 852,988,000 857,659,000 1,451,922,000 1,476,298,000 152,386,000 232,458,000 246,285,000 247,868,000 216,382,000 188,995,000 182,392,000 159,581,000 131,310,000 108,457,000 130,229,000 101,343,000 48,557,000 29,036,000 26,255,000 19,286,000 9,265,000 5,143,000 2,671,000 
      repayments to warehouse credit facilities
    		-759,963,000 -990,919,000 -1,094,099,000 -1,114,665,000 -822,562,000 -1,024,982,000 -858,214,000 -919,679,000 -1,497,695,000 -1,408,889,000 -163,144,000 -239,240,000 -252,885,000 -242,107,000 -214,747,000 -190,274,000 -182,650,000 -161,602,000 -110,025,000           
      principal payments under finance lease obligations
    		 0 -10,000 -19,000 -27,000 -13,000 -40,000 -175,000 -266,000 -197,000 -217,000 -229,000 -214,000 -286,000 -67,000               
      repurchases of convertible senior notes
    		 0 0 -64,428,000 -42,525,000 -74,745,000 -108,274,000                       
      repayment of term loan principal
    		-625,000 -625,000 -625,000 -625,000 -313,000                         
      net cash from financing activities
    		24,073,000 -102,350,000 7,569,000 105,349,000 -38,676,000 -34,654,000 -116,558,000 -347,192,000 -2,649,000 93,106,000 -75,359,000 -18,071,000 68,834,000 142,016,000 457,562,000 549,074,000 -10,393,000 125,340,000 30,206,000 6,131,000 -17,717,000 26,127,000 17,342,000 -1,212,000 245,341,000 17,237,000 12,036,000 1,959,000 148,124,000 
      effect of exchange rate changes on cash, cash equivalents, and restricted cash
    		-23,000 -26,000 4,000 1,000 -3,000 0 -58,000 -29,000 -23,000 -38,000 -4,000 -3,000                  
      net change in cash, cash equivalents, and restricted cash
    		58,694,000 -40,862,000 -36,734,000 94,165,000 -42,597,000 -31,092,000 -89,890,000 -161,470,000 -4,485,000 -240,526,000 -69,554,000 81,035,000 -150,436,000 -555,363,000 397,225,000 557,854,000 27,512,000 129,742,000 -16,736,000 28,230,000 -40,019,000 -146,852,000 -32,966,000 -21,881,000 249,291,000     
      cash, cash equivalents, and restricted cash:
    		                             
      beginning of period
    		124,972,000 0 0 0 151,000,000 0 242,246,000 0 0 0 718,281,000 0 0 0 945,820,000 0 0 0 247,448,000 0 0 0 439,055,000 0 0 0 212,658,000 3,815,000 0 
      end of period
    		183,666,000 -40,862,000 -36,734,000 94,165,000 108,403,000 -31,092,000 152,356,000 -161,470,000 -4,485,000 -240,526,000 648,727,000 81,035,000 -150,436,000 -555,363,000 1,343,045,000 557,854,000 27,512,000 129,742,000 230,712,000 28,230,000 -40,019,000 -146,852,000 406,089,000 -21,881,000 249,291,000 9,748,000 201,897,000 222,000 158,226,000 
      supplemental disclosure of cash flow information
    		                             
      cash paid for interest
    		8,553,000 11,182,000 11,522,000 6,339,000 7,078,000 3,761,000 4,609,000 7,220,000 6,306,000 3,204,000 3,377,000 2,053,000 3,501,000 1,065,000 973,000 1,957,000 868,000 551,000 1,582,000 0 1,258,000 0 1,202,000       
      non-cash transactions
    		                             
      stock-based compensation capitalized in property and equipment
    		747,000 975,000 1,064,000 998,000 1,265,000 1,070,000 1,134,000 677,000 930,000 919,000 1,134,000 1,314,000 1,028,000 985,000 732,000 634,000 563,000 647,000 504,000 -349,000 -370,000 -291,000 -270,000 -159,000 -119,000 -120,000 -124,000 -74,000 -63,000 
      leasehold improvements paid directly by lessor
    		471,000       41,000 0   0 0 0 1,334,000 0    -1,932,000 -854,000 -5,407,000 1,963,000 -1,054,000 0   -718,000 0 
      recharacterization from intangible assets, net to other current assets and contract asset, noncurrent
    		49,378,000                             
      impairment costs
    		     0 113,000 223,000        0 643,000 0 1,420,000           
      net (gain) loss on irlcs, forward sales commitments, and loans held for sale
    		     3,761,000 -8,326,000                       
      inventory
    		     10,644,000 103,588,000 186,958,000 76,287,000 -132,031,000 112,734,000 76,923,000 -186,141,000 -151,632,000 -48,213,000 -24,165,000 -15,556,000 61,212,000 3,941,000 30,870,000 -19,806,000 -47,348,000 -15,612,000 2,467,000      
      accrued and other liabilities, deferred tax liabilities, and payroll tax liabilities, noncurrent
    		 -17,173,000 -23,588,000 27,205,000 8,155,000 12,291,000 -16,813,000 -22,252,000 -29,731,000 19,971,000 -14,442,000                   
      purchases of investments
    		     -19,310,000 -57,556,000 -37,193,000 -63,089,000 -4,588,000 -77,596,000 -16,997,000 -24,400,000 -37,000,000 -67,877,000 -63,054,000 -46,394,000 -55,457,000 -33,267,000 -30,202,000 -35,751,000         
      cash paid for acquisition, net of cash, cash equivalents, and restricted cash acquired
    		       0                      
      redemption of convertible preferred stock, net of issuance costs
    		                             
      payment of dividends on convertible preferred stock
    		                             
      borrowings from secured revolving credit facility
    		       13,283,000 226,026,000 169,226,000 156,799,000 193,111,000 201,109,000 159,431,000 71,177,000 32,241,000 17,791,000 27,733,000 11,854,000           
      repayments to secured revolving credit facility
    		       -215,698,000 -180,150,000 -149,555,000 -219,711,000 -192,957,000 -125,251,000 -84,513,000 -46,275,000 -23,216,000 -10,083,000 -29,418,000 -7,398,000           
      cash paid for secured revolving credit facility issuance costs
    		       31,000 0 0 -764,000 -42,000 -180,000 0 -305,000               
      repayments of convertible senior notes
    		                             
      extinguishment of convertible senior notes associated with closing of term loan
    		                             
      payments of debt issuance costs
    		 -260,000 -19,000                           
      proceeds from term loan
    		 0 0                           
      property and equipment additions in accounts payable and accrued liabilities
    		   12,000 11,000 32,000 32,000 71,000 -41,000 -257,000 326,000   -1,335,000 2,348,000 709,000 -519,000 1,041,000 451,000  216,000 750,000 -1,370,000       
      proceeds from issuance of convertible senior notes, net of issuance costs
    		           0 0 72,838,000 488,691,000               
      purchases of capped calls related to convertible senior notes
    		           0 0 -8,167,000 -54,480,000               
      conversions of convertible senior notes
    		                             
      other financing payables
    		                             
      reconciliation of cash, cash equivalents, and restricted cash
    		                             
      cash and cash equivalents
    		      149,940,000 -119,884,000 -20,198,000 -232,758,000 612,680,000                   
      restricted cash
    		      2,416,000 -41,586,000 15,713,000 -7,768,000 36,047,000                  1,746,000 
      total cash, cash equivalents, and restricted cash
    		      152,356,000 -161,470,000 -4,485,000 -240,526,000 648,727,000                   
      loss on conversions of convertible senior notes
    		                             
      proceeds from the issuance of convertible preferred stock, net of issuance costs
    		               0 0             
      proceeds from the issuance of common stock, net of issuance costs
    		               0 0             
      issuance of common stock for repurchases and conversions of convertible senior notes
    		                             
      net income on irlcs, forward sales commitments, and loans held for sale
    		        1,507,000                     
      payments for repurchases and conversions of convertible senior notes
    		           0 -234,000 -39,000 -1,886,000               
      cash paid for acquisition, net of cash acquired
    		                             
      loss on repurchases and conversions of convertible senior notes
    		                             
      cash paid for acquisition
    		           0 0                 
      property and equipment additions in accounts payable and accrued and other liabilities
    		                             
      accrued liabilities, other payables, deferred tax liabilities, and payroll tax liabilities, noncurrent
    		            -3,904,000                 
      other payables—deposits held in escrow
    		            3,064,000 -6,424,000 6,521,000  -16,959,000 15,372,000 3,684,000           
      net gain on irlcs, forward sales commitments and loans held for sale
    		              -1,052,000               
      accrued liabilities, other payables, and payroll tax liabilities, noncurrent
    		              8,873,000               
      effect of exchange rate changes on cash and cash equivalents
    		              1,000 13,000 6,000 3,000 -25,000 4,000 -10,000         
      deferred rent
    		                   -111,000 117,000 -74,000 69,000       
      other payables - deposits held in escrow
    		                   246,000 -10,965,000 7,634,000 3,968,000       
      accrued liabilities, other payables, and non-current payroll tax liabilities
    		                14,225,000             
      proceeds from the issuance of shares resulting from employee equity plans
    		                4,067,000 6,949,000 4,103,000 5,238,000          
      principal payments for finance lease obligations
    		                -29,000 -15,000 -15,000           
      cash paid for debt issuance costs
    		                0   -770,000          
      accrued liabilities and other payables
    		                  20,626,000 -11,535,000 -7,500,000         
      repayments of warehouse credit facilities
    		                   -109,142,000 -137,669,000 -87,109,000 -38,097,000 -30,094,000 -23,955,000 -17,152,000 -9,924,000 -3,832,000 -2,495,000 
      proceeds from issuance of convertible notes, net of issuance costs
    		                             
      proceeds from initial public offering, net of underwriting discounts
    		                           0  
      payment of initial public offering costs
    		                           -109,000  
      proceeds from follow on offering
    		                             
      conversion of redeemable convertible preferred stock to common stock
    		                             
      accretion of redeemable convertible preferred stock
    		                           0 -40,225,000 
      accrued revenue
    		                    14,252,000 -22,433,000 -890,000 -2,109,000 5,648,000 -6,809,000 1,241,000 3,000 1,173,000 
      operating lease liabilities
    		                    -1,906,000 -1,842,000 -1,459,000       
      adjustments to reconcile net income to net cash from operating activities
    		                             
      change in assets and liabilities
    		                             
      proceeds from the exercise of stock options
    		                     5,233,000 3,732,000       
      cash, cash equivalents, and restricted cash
    		                             
      other assets
    		                      1,441,000       
      accrued liabilities
    		                      21,695,000 -6,752,000 3,462,000 233,000 7,248,000   
      tax payment related to net share settlements on restricted stock units
    		                      -818,000 -721,000 -478,000 -168,000 -59,000   
      prepaid expenses
    		                       -5,983,000 -2,597,000 1,425,000 3,852,000 -4,141,000 -1,926,000 
      other current assets
    		                       -1,402,000 894,000 2,191,000 -3,661,000 1,913,000 -3,325,000 
      other payables
    		                            -1,749,000 
      deferred lease liability
    		                       -336,000 -330,000 -315,000 -268,000 -252,000 -96,000 
      sales and maturities of short-term investments
    		                             
      purchases of short-term investments
    		                           1,000 -1,000 
      proceeds from issuance of convertible senior notes
    		                       0      
      proceeds from follow-on offering
    		                       0      
      proceeds from exercise of stock options
    		                          5,946,000 484,000 1,502,000 
      supplemental disclosure of non-cash investing and financing activities
    		                             
      deferred initial public offering cost accruals
    		                             
      property and equipment additions in accounts payable and accrued expenses
    		                       -57,000 -4,000 34,000 -55,000   
      operating activities:
    		                             
      other long-term assets
    		                        -171,000 -22,000 -103,000 -21,000 -133,000 
      accrued expenses
    		                           -3,398,000 32,000 
      investing activities:
    		                             
      maturities and sales of short-term investments
    		                             
      financing activities:
    		                             
      proceeds from issuance of common stock
    		                        2,920,000     
      other payables - customer escrow deposits related to title services
    		                        -5,947,000 6,823,000 6,808,000   
      supplemental disclosure of non-cash investing and financing activities:
    		                             
      initial public offering cost accruals
    		                             
      cash in transit for exercised stock options
    		                        -55,000     
      inventories
    		                             
      net change in cash and cash equivalents, and restricted cash
    		                          -10,761,000   
      cash-in-transit for exercised stock options
    		                          -56,000   
      stock-based compensation.
    		                             
      proceeds from sale of loans held for sale
    		                             
      issuance costs of redeemable convertible preferred stock
    		                             
      proceeds from tender offer
    		                             
      in-substance dividend paid in relation to tender offer
    		                             
      net change in cash and cash equivalents
    		                            158,226,000 
      cash and cash equivalents:
    		                             
      maturities of short-term investments
    		                             
      payment of deferred initial public offering costs
    		                             
    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.