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 
      
    		                   
      operating activities
    		                   
      net income
    		139,392,000 97,263,000 71,116,000 332,473,000 60,745,000 17,404,000 88,043,000 47,913,000 -266,684,000 -47,549,000 -34,422,000 -40,006,000 -74,209,000 -95,835,000 -110,357,000 -111,012,000 -30,047,000 -282,483,341 -60,394,659 
      adjustments to reconcile net income to net cash from operating activities:
    		                   
      share-based compensation expense
    		66,469,000 63,256,000 63,756,000 66,367,000 63,646,000 61,057,000 55,082,000 69,107,000 62,005,000 75,878,000 64,226,000 70,976,000 77,855,000 80,142,000 77,021,000     
      depreciation and amortization
    		59,245,000 56,743,000 55,283,000 53,545,000 51,791,000 49,623,000 48,539,000 53,449,000 52,516,000 50,130,000 45,321,000 42,353,000 40,253,000 38,056,000 30,698,000 26,527,000 24,075,000   
      deferred debt issuance and discount expense
    		3,000,000 2,924,000 2,443,000 2,657,000 2,614,000 3,975,000 4,232,000 5,055,000 4,490,000 5,707,000 4,852,000 6,186,000 3,988,000 3,909,000 4,209,000 4,064,000 2,778,000   
      gain on extinguishment of convertible debt
    		   0 -3,323,000 0 -59,194,000             
      benefit from credit losses
    		9,199,000 10,035,000 5,678,000 6,877,000 6,013,000 11,640,000 7,182,000 12,092,000 21,831,000 12,615,000 8,407,000 14,945,000        
      deferred income taxes
    		7,389,000 10,375,000 8,794,000 -283,983,000 176,000 -2,143,000 -967,000 -9,495,000 -887,000 -5,514,000 68,000 922,000 -2,101,000 -2,279,000 -40,000 505,000 62,000   
      fair value changes in loans held for investment
    		-51,868,000 -119,843,000 -98,987,000 -8,741,000 -90,566,000 -25,651,000 -33,257,000             
      fair value changes in securitization investments
    		-445,000 -253,000 -884,000 469,000 -1,117,000 -483,000 -1,711,000 -1,115,000 -470,000 1,437,000 100,000 344,000 3,275,000 3,436,000 6,545,000 568,000 -1,604,000   
      other
    		7,621,000 -2,172,000 3,947,000 10,301,000 1,700,000 -249,000 -1,713,000 -11,433,000 623,000 -919,000 -2,317,000 1,791,000 -18,294,000 13,749,000 16,180,000 -845,000 -303,000   
      changes in loans held for sale
    		-1,538,381,000 -1,844,465,000 -599,248,000 -415,190,000 -1,441,677,000 -777,209,000 244,672,000 -463,465,000 -2,780,169,000 -2,234,343,000 -2,301,031,000         
      changes in accrued interest on loans
    		-3,461,000                   
      changes in loans previously classified as held for sale
    		159,570,000 271,256,000 243,171,000 379,060,000 206,696,000 295,119,000 492,226,000             
      changes in servicing assets
    		-8,519,000                   
      changes in other assets
    		-227,300,000                   
      changes in other liabilities
    		72,215,000                   
      net cash from operating activities
    		-1,305,874,000 -1,466,908,000 21,502,000 -200,103,000 -1,173,581,000 -484,371,000 738,248,000 -247,941,000 -2,686,519,000 -2,079,919,000 -2,212,760,000 -2,418,835,000 -2,880,300,000 -945,499,000 -1,011,224,000 -1,236,289,000 -196,536,000   
      capex
    		-63,158,000 -65,992,000 -54,248,000 -44,231,000 -45,801,000 -39,473,000 -34,112,000 -36,648,000 -30,413,000 -2,246,000 -26,534,000 -17,225,000 -25,948,000 -24,914,000 -25,114,000 -13,816,000 -11,637,000   
      free cash flows
    		-1,369,032,000 -1,532,900,000 -32,746,000 -244,334,000 -1,219,382,000 -523,844,000 704,136,000 -284,589,000 -2,716,932,000 -2,082,165,000 -2,239,294,000 -2,436,060,000 -2,906,248,000 -970,413,000 -1,036,338,000 -1,250,105,000 -208,173,000   
      investing activities
    		                   
      purchases of property, equipment and software
    		-59,978,000 -63,465,000 -52,604,000 -42,263,000 -43,306,000 -36,712,000 -31,984,000 -34,294,000 -28,044,000           
      capitalized software development costs
    		-3,180,000 -2,527,000 -1,644,000 -1,968,000 -2,495,000 -2,761,000 -2,128,000 -2,354,000 -2,369,000 -2,246,000 -2,814,000         
      purchases of available-for-sale investments
    		-270,862,000 -514,764,000 -338,795,000 -531,249,000 -350,667,000 -940,060,000 -368,569,000 -166,487,000 -181,680,000 -191,732,000 -260,608,000 0 0 -8,149,000 -36,825,000 -41,244,000    
      proceeds from sales of available-for-sale investments
    		44,711,000   20,914,000    0 0 0 265,634,000 0 0 5,846,000 17,651,000 36,953,000    
      proceeds from maturities and paydowns of available-for-sale investments
    		101,293,000 117,597,000 120,123,000 191,353,000 145,444,000 339,690,000 131,317,000 66,365,000 35,126,000 31,928,000 20,409,000 913,000 421,000 1,942,000 11,964,000     
      purchases of loans held for investment
    		                   
      proceeds from sales of loans held for investment
    		   243,104,000                
      other changes in loans held for investment
    		                   
      proceeds from securitization investments
    		20,589,000 17,292,000 11,525,000 10,344,000 46,762,000 13,210,000 9,483,000 6,999,000 72,272,000 13,021,000 15,999,000 19,065,000 23,769,000 33,218,000 42,773,000 45,965,000    
      proceeds from non-securitization investments
    		6,749,000 7,291,000 2,294,000 -3,000 1,064,000 -2,000 2,517,000 2,191,000 443,000       0 2,000,000   
      purchases of non-securitization investments
    		-10,325,000 -32,180,000 -19,662,000 -17,132,000 -6,779,000 -2,626,000 -11,215,000 -20,636,000 -29,195,000 -9,159,000 -7,563,000     -2,000,000    
      net cash from investing activities
    		-1,459,464,000 -1,722,471,000 -1,440,220,000 -1,280,884,000 -84,005,000 -2,194,917,000 -1,261,184,000 -1,413,529,000 -168,509,000 -267,673,000 -40,153,000 -51,407,000 -50,008,000 -54,797,000 49,879,000 30,657,000 -159,803,000   
      financing activities
    		                   
      net change in deposits
    		3,334,880,000 2,285,840,000 1,480,574,000 1,300,465,000 1,356,683,000 1,400,442,000 2,896,894,000 2,935,247,000 2,904,136,000 2,637,981,000 2,754,540,000 2,293,735,000 2,362,987,000       
      proceeds from issuance of common stock
    		                   
      payment of common stock issuance costs
    		                   
      net change in debt facilities
    		-1,227,384,000 898,968,000 -30,952,000 -75,756,000 186,317,000 334,134,000 -2,427,339,000 -722,223,000 -62,121,000 520,792,000 444,106,000         
      proceeds from other debt issuances
    		   0 0 0 845,250,000 0 0 0 339,995,000         
      repayment of other debt
    		-2,896,000 -4,175,000 -17,987,000 -12,693,000 -42,921,000 -126,736,000 -170,447,000 -204,626,000 -187,518,000 -259,730,000 -147,985,000         
      payment of debt issuance costs
    		-1,612,000 -94,000 -300,000 -1,725,000 -50,000 -825,000 -5,020,000 -3,825,000 -371,000 -3,842,000 -3,865,000 -4,211,000 -100,000 -1,811,000 -2,165,000 -4,329,000 -616,000   
      purchase of capped calls
    		   0 0 0 -90,649,000             
      unwind of capped calls
    		   0 0 0 10,180,000             
      taxes paid related to net share settlement of share-based awards
    		-9,958,000 -4,299,000 -5,592,000 -9,960,000 -4,883,000 -3,998,000 -3,760,000 -4,640,000 -3,614,000 -4,630,000 -2,416,000 -1,507,000 -1,630,000 -2,253,000 -3,593,000     
      proceeds from stock option exercises
    		5,852,000 600,000 195,000 20,637,000 138,000 166,000 466,000 130,000 430,000 417,000 168,000 121,000 429,000 193,000 1,867,000 4,512,000 17,277,000   
      proceeds from issuance of common stock under the espp
    		0                   
      payment of redeemable preferred stock dividends
    		   0 0   -20,378,000 0   -20,378,000 0   -20,379,000 0   
      redemption of series 1 preferred stock
    		   0 0               
      finance lease principal payments
    		-197,000 -195,000 -175,000 -134,000 -134,000 -132,000 -130,000 -129,000 -128,000 -127,000 -125,000 -124,000 -123,000 -121,000 -120,000 -119,000 -119,000   
      net cash from financing activities
    		3,797,410,000 3,188,409,000 1,425,763,000 1,220,834,000 1,495,150,000 1,263,148,000 1,055,445,000 1,979,556,000 2,650,814,000 2,870,814,000 3,384,418,000 3,054,771,000 3,192,483,000 297,073,000 1,895,158,000 1,119,653,000 441,910,000   
      effect of exchange rates on cash and cash equivalents
    		-228,000 -563,000 -269,000 -246,000 563,000 -136,000 -179,000 475,000 103,000 392,000 -293,000 340,000 325,000 -56,000 -38,000 188,000 204,000   
      net increase in cash, cash equivalents, restricted cash and restricted cash equivalents
    		1,031,844,000 -1,533,000 6,776,000 -260,399,000 238,127,000 -1,416,276,000 532,330,000 318,561,000 -204,111,000 523,614,000 1,131,212,000 584,869,000 262,500,000 -703,279,000 933,775,000 -85,791,000 85,775,000   
      cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period
    		0 0 2,709,360,000 0 0 0 3,615,578,000 0 0 0 1,846,302,000 0 0 0 768,437,000 0 0   
      cash, cash equivalents, restricted cash and restricted cash equivalents at end of period
    		1,031,844,000 -1,533,000 2,716,136,000 -260,399,000 238,127,000 -1,416,276,000 4,147,908,000 318,561,000 -204,111,000 523,614,000 2,977,514,000 584,869,000 262,500,000 -703,279,000 1,702,212,000 -85,791,000 85,775,000   
      reconciliation to amounts on condensed consolidated balance sheets
    		                   
      cash and cash equivalents
    		1,123,849,000   183,328,000 20,376,000 -1,358,801,000 3,693,390,000 271,144,000 -201,776,000 527,874,000 2,487,778,000 486,748,000 227,857,000 -617,833,000 1,325,135,000 -38,812,000 71,603,000   
      restricted cash and restricted cash equivalents
    		-92,005,000   -443,727,000 217,751,000 -57,475,000 454,518,000 47,417,000 -2,335,000 -4,260,000 489,736,000 98,121,000 34,643,000 -85,446,000 377,077,000 -46,979,000 14,172,000   
      total cash, cash equivalents, restricted cash and restricted cash equivalents
    		1,031,844,000   -260,399,000 238,127,000 -1,416,276,000 4,147,908,000 318,561,000 -204,111,000 523,614,000 2,977,514,000 584,869,000 262,500,000 -703,279,000 1,702,212,000 -85,791,000 85,775,000   
      supplemental non-cash investing and financing activities
    		                   
      deposits credited but not yet received in cash
    		70,845,000   269,952,000 54,140,000 -8,074,000 87,038,000 -13,859,000 27,763,000 13,652,000 39,701,000    36,072,000     
      share-based compensation capitalized related to internally-developed software
    		12,947,000    10,886,000 10,105,000 8,306,000  8,060,000 8,330,000 6,427,000    4,596,000     
      extinguishment of convertible notes by issuance of common stock
    		   0 83,237,000 0 593,910,000             
      available-for-sale securities sold but unpaid
    		                   
      changes in loans held for investment
    		 -1,456,492,000 -1,161,457,000  -473,134,000 -1,565,656,000 -990,605,000 -1,265,313,000 -35,062,000 -32,499,000 -29,544,000         
      deferred contract acquisition expense
    		  10,451,000                 
      changes in operating assets and liabilities:
    		                   
      servicing assets
    		  -47,652,000 -46,001,000 -4,798,000 -50,577,000 -60,283,000 -37,814,000 3,009,000 -139,000 3,340,000 18,584,000 8,526,000 -3,459,000 -5,246,000 -4,785,000 -3,707,000   
      other assets
    		  202,615,000 -291,895,000 -69,348,000 -60,015,000 -37,192,000 -20,558,000 -25,922,000 25,151,000 15,823,000 -20,170,000 12,878,000 -35,946,000 -13,623,000 16,183,000 -5,131,000   
      accounts payable, accruals and other liabilities
    		  101,019,000 -6,042,000 43,867,000 -6,862,000 -7,411,000 26,037,000 -4,962,000 38,229,000 -17,216,000 -21,900,000 -8,637,000 6,563,000 30,339,000 -27,059,000 -15,819,000   
      goodwill impairment
    		       0            
      acquisition of businesses, net of cash acquired
    		       0 0 -54,355,000 -17,946,000 0 0 -14,774,000 73,314,000     
      reconciliation to amounts on consolidated balance sheets
    		                   
      supplemental cash flow information
    		                   
      interest paid
    		                   
      income taxes paid
    		                   
      deconsolidation of securitization and residual debt
    		       0 0           
      securitization investments acquired via loan transfers
    		   26,286,000                
      derecognition of securitization investments
    		       0 0           
      deposits assumed in acquisition
    		              158,016,000     
      loans held for investment received in acquisition
    		                   
      available-for-sale securities received in acquisition
    		              10,014,000     
      available-for-sale securities purchased but unpaid
    		                   
      fair value changes in residual interests classified as debt
    		       11,000 927,000 -602,000 89,000 -470,000 1,453,000 2,662,000 2,963,000 3,541,000 5,593,000   
      fair value changes in warrant liabilities
    		               10,824,000 -64,405,000   
      equity method investment earnings
    		               240,000    
      related party notes receivable interest income
    		               0 0   
      proceeds from repayment of related party notes receivable
    		               0 0   
      purchases of common stock
    		               0 0   
      redemptions of redeemable common and preferred stock
    		               0 0   
      proceeds from business combination and pipe investment
    		               0 0   
      payment of costs directly attributable to the issuance of common stock in connection with business combination and pipe investment
    		               0 0   
      proceeds from warrant exercises
    		                   
      payment of deferred equity costs
    		                   
      purchases of property, equipment, software and intangible assets
    		          -23,720,000 -17,225,000 -25,948,000 -24,914,000 -25,114,000 -13,816,000 -11,637,000   
      non-cash loan reduction
    		          483,000    375,000     
      deferred debt issuance costs accrued but unpaid
    		          413,000         
      non-cash property, equipment, software and intangible asset additions
    		          82,000         
      property, equipment and software acquired in acquisition
    		                   
      debt assumed in acquisition
    		              2,000,000     
      accretion of seller note interest expense
    		                   
      related party notes receivable issuances
    		                   
      proceeds from common stock issuances
    		                   
      note receivable principal repayments from stockholder
    		                   
      originations and purchases of loans
    		            -4,760,658,000 -3,275,411,000 -3,599,870,000 -4,125,123,000 -3,626,220,000   
      proceeds from sales and repayments of loans
    		            1,807,584,000 2,355,296,000 2,491,409,000 2,905,287,000 3,448,583,000   
      other changes in loans
    		            -11,600,000 -36,382,000 58,548,000 -12,286,000 -3,093,000   
      changes in loans
    		            -48,250,000 -47,966,000 -33,884,000     
      proceeds from debt issuances
    		            3,150,824,000 1,141,020,000 3,569,960,000 3,224,413,000 2,447,256,000   
      repayment of debt
    		            -2,319,904,000 -2,354,327,000 -2,632,625,000 -2,060,272,000 -2,013,251,000   
      reconciliation to amounts on unaudited condensed consolidated balance sheets
    		                   
      fair value adjustment to related party notes receivable
    		               0 0   
      net increase in deposits
    		              961,834,000     
      issuance of common stock in acquisition
    		              875,042,000     
      vested awards assumed in acquisition
    		              2,855,000     
      loans received in acquisition
    		              84,485,000     
      property, equipment and software received in acquisition
    		              3,192,000     
      redeemable preferred stock dividends accrued but unpaid
    		              9,968,000     
      equity-based payments to non-employees
    		                   
      proceeds from maturities of available-for-sale investments
    		                   
      acquisition of business, net of cash acquired
    		                   
      note receivable issuance to stockholder
    		                   
      proceeds from redeemable preferred stock issuances
    		                   
      payment of redeemable preferred stock issuance costs
    		                   
      stock-based compensation expense
    		                72,681,000   
      taxes paid related to net share settlement of stock-based awards
    		                -8,637,000   
      receipts from securitization investments
    		                   
      deconsolidation of residual interests classified as debt
    		                   
      deconsolidation of securitization debt
    		                   
      costs directly attributable to the issuance of common stock paid in 2020
    		                   
      reduction to temporary equity associated with purchase price adjustments
    		                   
      warrant liabilities recognized in conjunction with the business combination
    		                   
      series h warrant liabilities conversion to common stock warrants
    		                   
      conversion of temporary equity into permanent equity in conjunction with the business combination
    		                   
      seller note issued in acquisition
    		                   
      redeemable preferred stock issued in acquisition
    		                   
      common stock options assumed in acquisition
    		                   
      deferred debt issuance costs accrued but not paid
    		                   
      ordinary shares subject to possible redemption
    		                   
      numerator: earnings allocable to ordinary shares subject to possible redemption
    		                   
      interest earned on marketable securities held in trust account
    		                  15,117 
      net income allocable to class a ordinary shares subject to possible redemption
    		                  15,117 
      denominator: weighted-average class a ordinary shares subject to possible redemption
    		                   
      basic and diluted weighted-average shares outstanding
    		                  67,342,389 
      basic and diluted net income per share
    		                  0 
      non-redeemable ordinary shares
    		                   
      numerator: earnings allocable to non-redeemable ordinary shares
    		                   
      less: net income allocable to class a ordinary shares subject to possible redemption
    		                  -15,117 
      non-redeemable net income
    		                  -60,409,776 
      denominator: weighted-average non-redeemable ordinary shares
    		                   
      basic and diluted weighted-average shares outstanding, non-redeemable ordinary shares
    		                  33,282,611 
      basic and diluted net income per share, non-redeemable ordinary shares
    		                  -1.82 
      numerator: earnings allocable to common stock subject to possible redemption
    		                   
      non-redeemable common stock
    		                   
      numerator: net income minus net earnings
    		                   
    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.