10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001647639-21-000032 |
| Period End Date | 20210630 |
| Filing Date | 20210813 |
| Fiscal Year | 2021 |
| Fiscal Period | Q2 |
| XBRL Instance | upst-20210630_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Other assets at fair value |
OtherAssetsFairValueDisclosure
|
$6.83M | USD | Point-in-time |
| Other assets at fair value |
OtherAssetsFairValueDisclosure
|
$15.45M | USD | Point-in-time |
| Accrued expenses and other liabilities at fair value |
AccruedExpensesAndOtherLiabilitiesFairValueDisclosure
|
$14.40M | USD | Point-in-time |
| Accrued expenses and other liabilities at fair value |
AccruedExpensesAndOtherLiabilitiesFairValueDisclosure
|
$9.53M | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, authorized (in shares) |
CommonStockSharesAuthorized
|
700.00M | shares | Point-in-time |
| Common stock, authorized (in shares) |
CommonStockSharesAuthorized
|
700.00M | shares | Point-in-time |
| Common stock, issued (in shares) |
CommonStockSharesIssued
|
73.31M | shares | Point-in-time |
| Common stock, issued (in shares) |
CommonStockSharesIssued
|
77.63M | shares | Point-in-time |
| Common Stock, outstanding (in shares) |
CommonStockSharesOutstanding
|
77.63M | shares | Point-in-time |
| Common Stock, outstanding (in shares) |
CommonStockSharesOutstanding
|
73.31M | shares | Point-in-time |
| Cash |
Cash
|
$250.82M | USD | Point-in-time |
| Cash |
Cash
|
$506.29M | USD | Point-in-time |
| Restricted cash |
RestrictedCash
|
$60.51M | USD | Point-in-time |
| Restricted cash |
RestrictedCash
|
$111.25M | USD | Point-in-time |
| Property, equipment, and software, net |
PropertyPlantAndEquipmentNet
|
$13.55M | USD | Point-in-time |
| Property, equipment, and software, net |
PropertyPlantAndEquipmentNet
|
$10.03M | USD | Point-in-time |
| Operating lease right of use assets |
OperatingLeaseRightOfUseAsset
|
$16.21M | USD | Point-in-time |
| Operating lease right of use assets |
OperatingLeaseRightOfUseAsset
|
$18.31M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$66.87M | USD | Point-in-time |
| Goodwill |
Goodwill
|
- | USD | Point-in-time |
| Intangible Assets, Net (Excluding Goodwill) |
IntangibleAssetsNetExcludingGoodwill
|
- | USD | Point-in-time |
| Intangible Assets, Net (Excluding Goodwill) |
IntangibleAssetsNetExcludingGoodwill
|
$22.13M | USD | Point-in-time |
| Other assets (includes $6,831 and $15,450 at fair value as of December 31, 2020 and June 30, 2021, respectively) |
OtherAssets
|
$40.05M | USD | Point-in-time |
| Other assets (includes $6,831 and $15,450 at fair value as of December 31, 2020 and June 30, 2021, respectively) |
OtherAssets
|
$72.99M | USD | Point-in-time |
| Total assets |
Assets
|
$477.25M | USD | Point-in-time |
| Total assets |
Assets
|
$904.58M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$17.33M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$13.78M | USD | Point-in-time |
| Payable to investors |
PayableToInvestors
|
$76.95M | USD | Point-in-time |
| Payable to investors |
PayableToInvestors
|
$45.50M | USD | Point-in-time |
| Borrowings |
DebtLongtermAndShorttermCombinedAmount
|
$62.63M | USD | Point-in-time |
| Borrowings |
DebtLongtermAndShorttermCombinedAmount
|
$6.06M | USD | Point-in-time |
| Accrued expenses and other liabilities (includes $9,530 and $14,396 at fair value as of December 31, 2020 and June 30, 2021, respectively) |
AccruedLiabilitiesAndOtherLiabilities
|
$35.67M | USD | Point-in-time |
| Accrued expenses and other liabilities (includes $9,530 and $14,396 at fair value as of December 31, 2020 and June 30, 2021, respectively) |
AccruedLiabilitiesAndOtherLiabilities
|
$70.38M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiability
|
$19.43M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiability
|
$17.78M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$188.49M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$177.00M | USD | Point-in-time |
| Common stock, $0.0001 par value; 700,000,000 shares authorized; 73,314,026 and 77,626,866, shares issued and outstanding as of December 31, 2020 and June 30, 2021, respectively |
CommonStockValue
|
$8.00K | USD | Point-in-time |
| Common stock, $0.0001 par value; 700,000,000 shares authorized; 73,314,026 and 77,626,866, shares issued and outstanding as of December 31, 2020 and June 30, 2021, respectively |
CommonStockValue
|
$7.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$369.47M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$737.92M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-69.22M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-21.84M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$716.10M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$300.25M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$904.58M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$477.25M | USD | Point-in-time |
Income Statement
88 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Related party interest expense |
InterestExpenseRelatedParty
|
$1.01M | USD | 1 Quarter |
| Related party interest expense |
InterestExpenseRelatedParty
|
$406.00K | USD | 1 Quarter |
| Related party interest expense |
InterestExpenseRelatedParty
|
$1.01M | USD | 2 Qtrs |
| Related party interest expense |
InterestExpenseRelatedParty
|
$406.00K | USD | 2 Qtrs |
| Fair value adjustments from related parties |
FairValueAdjustmentsRelatedParty
|
$-97.00K | USD | 1 Quarter |
| Fair value adjustments from related parties |
FairValueAdjustmentsRelatedParty
|
$4.24M | USD | 2 Qtrs |
| Fair value adjustments from related parties |
FairValueAdjustmentsRelatedParty
|
$4.24M | USD | 1 Quarter |
| Revenue from fees, net |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$81.32M | USD | 2 Qtrs |
| Revenue from fees, net |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$303.47M | USD | 2 Qtrs |
| Revenue from fees, net |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$187.30M | USD | 1 Quarter |
| Fair value adjustments from related parties |
FairValueAdjustmentsRelatedParty
|
$-97.00K | USD | 2 Qtrs |
| Revenue from fees, net |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$13.30M | USD | 1 Quarter |
| Interest income and fair value adjustments, net (includes $406 and $1,014 from related parties expense and $(97) and $4,238 of related parties fair value adjustments for the three and six months ended June 30, 2020, respectively) |
RevenueNotFromContractWithCustomer
|
$29.00K | USD | 2 Qtrs |
| Interest income and fair value adjustments, net (includes $406 and $1,014 from related parties expense and $(97) and $4,238 of related parties fair value adjustments for the three and six months ended June 30, 2020, respectively) |
RevenueNotFromContractWithCustomer
|
$6.65M | USD | 1 Quarter |
| Interest income and fair value adjustments, net (includes $406 and $1,014 from related parties expense and $(97) and $4,238 of related parties fair value adjustments for the three and six months ended June 30, 2020, respectively) |
RevenueNotFromContractWithCustomer
|
$11.82M | USD | 2 Qtrs |
| Interest income and fair value adjustments, net (includes $406 and $1,014 from related parties expense and $(97) and $4,238 of related parties fair value adjustments for the three and six months ended June 30, 2020, respectively) |
RevenueNotFromContractWithCustomer
|
$4.05M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$81.35M | USD | 2 Qtrs |
| Total revenue |
Revenues
|
$193.95M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$17.35M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$315.29M | USD | 2 Qtrs |
| Sales and marketing |
SellingAndMarketingExpense
|
$125.29M | USD | 2 Qtrs |
| Sales and marketing |
SellingAndMarketingExpense
|
$5.44M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$41.39M | USD | 2 Qtrs |
| Sales and marketing |
SellingAndMarketingExpense
|
$75.92M | USD | 1 Quarter |
| Customer operations |
CustomerOperationsExpense
|
$15.43M | USD | 2 Qtrs |
| Customer operations |
CustomerOperationsExpense
|
$6.62M | USD | 1 Quarter |
| Customer operations |
CustomerOperationsExpense
|
$24.16M | USD | 1 Quarter |
| Customer operations |
CustomerOperationsExpense
|
$41.55M | USD | 2 Qtrs |
| Engineering and product development |
ResearchAndDevelopmentExpense
|
$31.43M | USD | 1 Quarter |
| Engineering and product development |
ResearchAndDevelopmentExpense
|
$7.67M | USD | 1 Quarter |
| Engineering and product development |
ResearchAndDevelopmentExpense
|
$50.42M | USD | 2 Qtrs |
| Engineering and product development |
ResearchAndDevelopmentExpense
|
$14.69M | USD | 2 Qtrs |
| General, administrative, and other |
GeneralAndAdministrativeExpense
|
$46.16M | USD | 2 Qtrs |
| General, administrative, and other |
GeneralAndAdministrativeExpense
|
$20.68M | USD | 2 Qtrs |
| General, administrative, and other |
GeneralAndAdministrativeExpense
|
$9.02M | USD | 1 Quarter |
| General, administrative, and other |
GeneralAndAdministrativeExpense
|
$26.14M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$28.74M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$157.65M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$92.18M | USD | 2 Qtrs |
| Total operating expenses |
OperatingExpenses
|
$263.42M | USD | 2 Qtrs |
| Income (loss) from operations |
OperatingIncomeLoss
|
$-10.84M | USD | 2 Qtrs |
| Income (loss) from operations |
OperatingIncomeLoss
|
$-11.39M | USD | 1 Quarter |
| Income (loss) from operations |
OperatingIncomeLoss
|
$51.87M | USD | 2 Qtrs |
| Income (loss) from operations |
OperatingIncomeLoss
|
$36.29M | USD | 1 Quarter |
| Other income (expense) |
OtherNonoperatingIncomeExpense
|
$15.00K | USD | 1 Quarter |
| Other income (expense) |
OtherNonoperatingIncomeExpense
|
$5.30M | USD | 1 Quarter |
| Other income (expense) |
OtherNonoperatingIncomeExpense
|
$-5.22M | USD | 2 Qtrs |
| Other income (expense) |
OtherNonoperatingIncomeExpense
|
$5.45M | USD | 2 Qtrs |
| Income (expense) on warrants and other non-operating expenses, net |
IncomeExpenseOnWarrantsAndOtherNonOperatingExpensesNet
|
$-18.00K | USD | 1 Quarter |
| Income (expense) on warrants and other non-operating expenses, net |
IncomeExpenseOnWarrantsAndOtherNonOperatingExpensesNet
|
$-31.00K | USD | 2 Qtrs |
| Income (expense) on warrants and other non-operating expenses, net |
IncomeExpenseOnWarrantsAndOtherNonOperatingExpensesNet
|
$271.00K | USD | 2 Qtrs |
| Income (expense) on warrants and other non-operating expenses, net |
IncomeExpenseOnWarrantsAndOtherNonOperatingExpensesNet
|
$-13.00K | USD | 1 Quarter |
| Net income (loss) before income taxes |
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
|
$46.62M | USD | 2 Qtrs |
| Net income (loss) before income taxes |
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
|
$-5.12M | USD | 2 Qtrs |
| Net income (loss) before income taxes |
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
|
$-6.11M | USD | 1 Quarter |
| Net income (loss) before income taxes |
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
|
$36.30M | USD | 1 Quarter |
| Provision (benefit) for income taxes |
IncomeTaxExpenseBenefit
|
- | USD | 2 Qtrs |
| Provision (benefit) for income taxes |
IncomeTaxExpenseBenefit
|
$-767.00K | USD | 2 Qtrs |
| Provision (benefit) for income taxes |
IncomeTaxExpenseBenefit
|
$-988.00K | USD | 1 Quarter |
| Provision (benefit) for income taxes |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Net income (loss) before attribution to noncontrolling interests |
ProfitLoss
|
$-5.12M | USD | 2 Qtrs |
| Net income (loss) before attribution to noncontrolling interests |
ProfitLoss
|
$-6.11M | USD | 1 Quarter |
| Net income (loss) before attribution to noncontrolling interests |
ProfitLoss
|
$37.28M | USD | 1 Quarter |
| Net income (loss) before attribution to noncontrolling interests |
ProfitLoss
|
$47.39M | USD | 2 Qtrs |
| Net income (loss) attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 2 Qtrs |
| Net income (loss) attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Net income (loss) attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-404.00K | USD | 2 Qtrs |
| Net income (loss) attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$84.00K | USD | 1 Quarter |
| Net income (loss) attributable to Upstart Holdings, Inc. common stockholders |
NetIncomeLoss
|
$-4.71M | USD | 2 Qtrs |
| Net income (loss) attributable to Upstart Holdings, Inc. common stockholders |
NetIncomeLoss
|
$37.28M | USD | 1 Quarter |
| Net income (loss) attributable to Upstart Holdings, Inc. common stockholders |
NetIncomeLoss
|
$-6.19M | USD | 1 Quarter |
| Net income (loss) attributable to Upstart Holdings, Inc. common stockholders |
NetIncomeLoss
|
$47.39M | USD | 2 Qtrs |
| Net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, basic (in dollars per share) |
EarningsPerShareBasic
|
$0.63 | USD | 2 Qtrs |
| Net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, basic (in dollars per share) |
EarningsPerShareBasic
|
$-0.32 | USD | 2 Qtrs |
| Net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, basic (in dollars per share) |
EarningsPerShareBasic
|
$0.49 | USD | 1 Quarter |
| Net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, basic (in dollars per share) |
EarningsPerShareBasic
|
$-0.42 | USD | 1 Quarter |
| Net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.51 | USD | 2 Qtrs |
| Net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in dollars per share) |
EarningsPerShareDiluted
|
$-0.32 | USD | 2 Qtrs |
| Net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.39 | USD | 1 Quarter |
| Net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in dollars per share) |
EarningsPerShareDiluted
|
$-0.42 | USD | 1 Quarter |
| Weighted-average number of shares outstanding used in computing net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
14.66M | shares | 1 Quarter |
| Weighted-average number of shares outstanding used in computing net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
75.16M | shares | 2 Qtrs |
| Weighted-average number of shares outstanding used in computing net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
14.64M | shares | 2 Qtrs |
| Weighted-average number of shares outstanding used in computing net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
76.67M | shares | 1 Quarter |
| Weighted-average number of shares outstanding used in computing net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
94.80M | shares | 1 Quarter |
| Weighted-average number of shares outstanding used in computing net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
14.66M | shares | 1 Quarter |
| Weighted-average number of shares outstanding used in computing net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
14.64M | shares | 2 Qtrs |
| Weighted-average number of shares outstanding used in computing net income (loss) per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
93.19M | shares | 2 Qtrs |
Cash Flow Statement
108 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
ProfitLoss
|
$-5.12M | USD | 2 Qtrs |
| Net income (loss) |
ProfitLoss
|
$-6.11M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$37.28M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$47.39M | USD | 2 Qtrs |
| Increase (Decrease) in Financial Instruments Used in Operating Activities |
IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
|
$-14.26M | USD | 2 Qtrs |
| Increase (Decrease) in Financial Instruments Used in Operating Activities |
IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
|
$4.17M | USD | 2 Qtrs |
| Stock-based compensation |
ShareBasedCompensation
|
$4.48M | USD | 2 Qtrs |
| Stock-based compensation |
ShareBasedCompensation
|
$29.81M | USD | 2 Qtrs |
| Gain on loan servicing arrangements |
GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet
|
$2.10M | USD | 2 Qtrs |
| Gain on loan servicing arrangements |
GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet
|
$1.68M | USD | 2 Qtrs |
| Change in fair value of financial instruments |
IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
|
$-14.26M | USD | 2 Qtrs |
| Change in fair value of financial instruments |
IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
|
$4.17M | USD | 2 Qtrs |
| Payments made on securitization notes and certificates |
PaymentsMadeOnSecuritizationNotesAndCertificates
|
- | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.05M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$2.80M | USD | 2 Qtrs |
| Payments made on securitization notes and certificates |
PaymentsMadeOnSecuritizationNotesAndCertificates
|
$26.13M | USD | 2 Qtrs |
| Incentive share expense |
IncentiveFeeExpense
|
- | USD | 2 Qtrs |
| Incentive share expense |
IncentiveFeeExpense
|
$358.00K | USD | 2 Qtrs |
| Other |
OtherNoncashIncomeExpense
|
$-216.00K | USD | 2 Qtrs |
| Other |
OtherNoncashIncomeExpense
|
$-36.00K | USD | 2 Qtrs |
| Purchase of loans for immediate resale |
PurchaseOfLoansForImmediateResale
|
$3.41B | USD | 2 Qtrs |
| Purchase of loans for immediate resale |
PurchaseOfLoansForImmediateResale
|
$915.23M | USD | 2 Qtrs |
| Proceeds from immediate resale of loans |
ProceedsFromImmediateResaleOfLoans
|
$3.41B | USD | 2 Qtrs |
| Proceeds from immediate resale of loans |
ProceedsFromImmediateResaleOfLoans
|
$915.23M | USD | 2 Qtrs |
| Purchase of loans held-for-sale |
PaymentsToPurchaseLoansHeldForSale
|
$98.60M | USD | 2 Qtrs |
| Purchase of loans held-for-sale |
PaymentsToPurchaseLoansHeldForSale
|
$38.31M | USD | 2 Qtrs |
| Principal payments received for loans held-for-sale |
ProceedsFromCollectionOfLoansHeldForSale
|
$3.68M | USD | 2 Qtrs |
| Principal payments received for loans held-for-sale |
ProceedsFromCollectionOfLoansHeldForSale
|
$7.79M | USD | 2 Qtrs |
| Net proceeds from sale of loans held-for-sale |
ProceedsFromSaleOfLoansHeldForSale
|
$6.81M | USD | 2 Qtrs |
| Net proceeds from sale of loans held-for-sale |
ProceedsFromSaleOfLoansHeldForSale
|
$57.18M | USD | 2 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$19.65M | USD | 2 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$2.46M | USD | 2 Qtrs |
| Operating lease liability and right-of-use asset |
IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset
|
$57.00K | USD | 2 Qtrs |
| Operating lease liability and right-of-use asset |
IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset
|
$448.00K | USD | 2 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$3.38M | USD | 2 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$-3.34M | USD | 2 Qtrs |
| Payable to investors |
IncreaseDecreaseInPayableToInvestors
|
$31.45M | USD | 2 Qtrs |
| Payable to investors |
IncreaseDecreaseInPayableToInvestors
|
$18.69M | USD | 2 Qtrs |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$23.79M | USD | 2 Qtrs |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-12.89M | USD | 2 Qtrs |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-70.54M | USD | 2 Qtrs |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$135.90M | USD | 2 Qtrs |
| Principal payments received for loans held by consolidated securitizations |
ProceedsFromPrincipalRepaymentsOnLoansHeldByConsolidatedSecuritizations
|
- | USD | 2 Qtrs |
| Principal payments received for loans held by consolidated securitizations |
ProceedsFromPrincipalRepaymentsOnLoansHeldByConsolidatedSecuritizations
|
$24.02M | USD | 2 Qtrs |
| Net proceeds from sale of loans held-for-investment |
ProceedsFromSaleOfLoansHeldForInvestment
|
$9.72M | USD | 2 Qtrs |
| Net proceeds from sale of loans held-for-investment |
ProceedsFromSaleOfLoansHeldForInvestment
|
$88.14M | USD | 2 Qtrs |
| Principal payments received for loans held-for-investment |
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
$7.49M | USD | 2 Qtrs |
| Principal payments received for loans held-for-investment |
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
$9.19M | USD | 2 Qtrs |
| Principal payments received for notes receivable and repayments of residual certificates |
ProceedsFromCollectionOfNotesReceivable
|
$6.35M | USD | 2 Qtrs |
| Principal payments received for notes receivable and repayments of residual certificates |
ProceedsFromCollectionOfNotesReceivable
|
$7.62M | USD | 2 Qtrs |
| Purchase of loans held-for-investment |
PaymentsToAcquireLoansHeldForInvestment
|
$2.79M | USD | 2 Qtrs |
| Purchase of loans held-for-investment |
PaymentsToAcquireLoansHeldForInvestment
|
$42.55M | USD | 2 Qtrs |
| Purchase of notes receivable and residual certificates |
PaymentsToAcquireNotesReceivable
|
- | USD | 2 Qtrs |
| Purchase of notes receivable and residual certificates |
PaymentsToAcquireNotesReceivable
|
$4.00K | USD | 2 Qtrs |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.00M | USD | 2 Qtrs |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$908.00K | USD | 2 Qtrs |
| Capitalized software costs |
PaymentsForSoftware
|
$1.66M | USD | 2 Qtrs |
| Capitalized software costs |
PaymentsForSoftware
|
$2.15M | USD | 2 Qtrs |
| Acquisition, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 2 Qtrs |
| Acquisition, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$16.56M | USD | 2 Qtrs |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-39.70M | USD | 2 Qtrs |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$123.60M | USD | 2 Qtrs |
| Proceeds from secondary offering, net of underwriting discounts, commissions, and offering costs |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 2 Qtrs |
| Proceeds from secondary offering, net of underwriting discounts, commissions, and offering costs |
ProceedsFromIssuanceOfCommonStock
|
$263.93M | USD | 2 Qtrs |
| Taxes paid related to net share settlement of equity awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$236.00K | USD | 2 Qtrs |
| Taxes paid related to net share settlement of equity awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
- | USD | 2 Qtrs |
| Payments made on securitization notes and certificates (includes $1,034 paid to related parties for the six months ended June 30, 2020) |
PaymentsMadeOnSecuritizationNotesAndCertificates
|
- | USD | 2 Qtrs |
| Payments made on securitization notes and certificates (includes $1,034 paid to related parties for the six months ended June 30, 2020) |
PaymentsMadeOnSecuritizationNotesAndCertificates
|
$26.13M | USD | 2 Qtrs |
| Repayments of borrowings |
RepaymentsOfDebt
|
$62.45M | USD | 2 Qtrs |
| Repayments of borrowings |
RepaymentsOfDebt
|
$86.85M | USD | 2 Qtrs |
| Distributions made to noncontrolling interests |
PaymentsToMinorityShareholders
|
- | USD | 2 Qtrs |
| Distributions made to noncontrolling interests |
PaymentsToMinorityShareholders
|
$622.00K | USD | 2 Qtrs |
| Proceeds from borrowings |
ProceedsFromIssuanceOfDebt
|
$76.00M | USD | 2 Qtrs |
| Proceeds from borrowings |
ProceedsFromIssuanceOfDebt
|
$5.83M | USD | 2 Qtrs |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$203.00K | USD | 2 Qtrs |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$2.93M | USD | 2 Qtrs |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-37.40M | USD | 2 Qtrs |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$210.00M | USD | 2 Qtrs |
| Net increase in cash and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$15.66M | USD | 2 Qtrs |
| Net increase in cash and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$306.20M | USD | 2 Qtrs |
| Cash and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$617.53M | USD | Point-in-time |
| Cash and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$80.07M | USD | Point-in-time |
| Cash and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$311.33M | USD | Point-in-time |
| Cash and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$95.73M | USD | Point-in-time |
| Cash and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$617.53M | USD | Point-in-time |
| Cash and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$80.07M | USD | Point-in-time |
| Cash and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$311.33M | USD | Point-in-time |
| Cash and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$95.73M | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
$5.52M | USD | 2 Qtrs |
| Cash paid for interest |
InterestPaidNet
|
$2.53M | USD | 2 Qtrs |
| Cash paid for income taxes |
IncomeTaxesPaid
|
- | USD | 2 Qtrs |
| Cash paid for income taxes |
IncomeTaxesPaid
|
$1.57M | USD | 2 Qtrs |
| Cash paid for amounts included in the measurement of lease liabilities |
OperatingLeasePayments
|
$1.07M | USD | 1 Quarter |
| Cash paid for amounts included in the measurement of lease liabilities |
OperatingLeasePayments
|
$1.03M | USD | 1 Quarter |
| Cash paid for amounts included in the measurement of lease liabilities |
OperatingLeasePayments
|
$2.13M | USD | 2 Qtrs |
| Cash paid for amounts included in the measurement of lease liabilities |
OperatingLeasePayments
|
$2.05M | USD | 2 Qtrs |
| Total right-of-use assets capitalized |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
- | USD | 2 Qtrs |
| Total right-of-use assets capitalized |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
$187.00K | USD | 2 Qtrs |
| Total right-of-use assets capitalized |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
$187.00K | USD | 1 Quarter |
| Total right-of-use assets capitalized |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
- | USD | 1 Quarter |
| Issuance of common stock in connection with acquisition |
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
- | USD | 2 Qtrs |
| Issuance of common stock in connection with acquisition |
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
$80.26M | USD | 2 Qtrs |
| Derecognition of loans held-for-investment in consolidated VIE |
DerecognitionOfLoansHeldForInvestmentInConsolidatedVIE
|
$57.22M | USD | 2 Qtrs |
| Derecognition of loans held-for-investment in consolidated VIE |
DerecognitionOfLoansHeldForInvestmentInConsolidatedVIE
|
- | USD | 2 Qtrs |
| Derecognition of payable to securitization note holders and residual certificate holders |
DerecognitionOfPayableToSecuritizationNoteHoldersAndResidualCertificateHolders
|
- | USD | 2 Qtrs |
| Derecognition of payable to securitization note holders and residual certificate holders |
DerecognitionOfPayableToSecuritizationNoteHoldersAndResidualCertificateHolders
|
$58.02M | USD | 2 Qtrs |
| Capitalized stock-based compensation expense |
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
$205.00K | USD | 2 Qtrs |
| Capitalized stock-based compensation expense |
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
$1.02M | USD | 2 Qtrs |
Stockholders Equity
65 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance (in shares) |
TemporaryEquitySharesOutstanding
|
47.35B | shares | Point-in-time |
| Beginning balance (in shares) |
TemporaryEquitySharesOutstanding
|
0.00 | shares | Point-in-time |
| Beginning balance (in shares) |
TemporaryEquitySharesOutstanding
|
47.35B | shares | Point-in-time |
| Beginning balance (in shares) |
TemporaryEquitySharesOutstanding
|
47.35B | shares | Point-in-time |
| Beginning balance (in shares) |
TemporaryEquitySharesOutstanding
|
0.00 | shares | Point-in-time |
| Beginning balance (in shares) |
TemporaryEquitySharesOutstanding
|
0.00 | shares | Point-in-time |
| Beginning balance |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
- | USD | Point-in-time |
| Beginning balance |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
$162.55M | USD | Point-in-time |
| Beginning balance |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
- | USD | Point-in-time |
| Beginning balance |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
$162.55M | USD | Point-in-time |
| Beginning balance |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
$162.55M | USD | Point-in-time |
| Beginning balance |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
- | USD | Point-in-time |
| Ending balance (in shares) |
TemporaryEquitySharesOutstanding
|
47.35B | shares | Point-in-time |
| Ending balance (in shares) |
TemporaryEquitySharesOutstanding
|
0.00 | shares | Point-in-time |
| Ending balance (in shares) |
TemporaryEquitySharesOutstanding
|
47.35B | shares | Point-in-time |
| Ending balance (in shares) |
TemporaryEquitySharesOutstanding
|
47.35B | shares | Point-in-time |
| Ending balance (in shares) |
TemporaryEquitySharesOutstanding
|
0.00 | shares | Point-in-time |
| Ending balance (in shares) |
TemporaryEquitySharesOutstanding
|
0.00 | shares | Point-in-time |
| Ending balance |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
- | USD | Point-in-time |
| Ending balance |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
$162.55M | USD | Point-in-time |
| Ending balance |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
- | USD | Point-in-time |
| Ending balance |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
$162.55M | USD | Point-in-time |
| Ending balance |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
$162.55M | USD | Point-in-time |
| Ending balance |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
- | USD | Point-in-time |
| Beginning balance (in shares) |
CommonStockSharesOutstanding
|
77.63M | shares | Point-in-time |
| Beginning balance (in shares) |
CommonStockSharesOutstanding
|
73.31M | shares | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$716.10M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$320.59M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-58.84M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$300.25M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-62.18M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-61.69M | USD | Point-in-time |
| Issuance of common stock upon exercise of stock options (in shares) |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
1.28B | shares | 2 Qtrs |
| Issuance of common stock upon exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$203.00K | USD | 2 Qtrs |
| Issuance of common stock upon exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$1.44M | USD | 1 Quarter |
| Issuance of common stock upon exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$2.93M | USD | 2 Qtrs |
| Issuance of common stock upon exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$18.00K | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
$30.83M | USD | 2 Qtrs |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
$2.63M | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
$4.69M | USD | 2 Qtrs |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
$22.08M | USD | 1 Quarter |
| Return of capital to interests in consolidated VIEs |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$241.00K | USD | 1 Quarter |
| Return of capital to interests in consolidated VIEs |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$622.00K | USD | 2 Qtrs |
| Incentive share expense |
APICIncentiveShareExpenseIncreaseForCostRecognition
|
$358.00K | USD | 1 Quarter |
| Incentive share expense |
APICIncentiveShareExpenseIncreaseForCostRecognition
|
$358.00K | USD | 2 Qtrs |
| Net income (loss) |
ProfitLoss
|
$-5.12M | USD | 2 Qtrs |
| Net income (loss) |
ProfitLoss
|
$-6.11M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$37.28M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$47.39M | USD | 2 Qtrs |
| Shares withheld related to net share settlement of restricted stock units |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$236.00K | USD | 2 Qtrs |
| Shares withheld related to net share settlement of restricted stock units |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$236.00K | USD | 1 Quarter |
| Issuance of common stock in connection with an acquisition (in shares) |
StockIssuedDuringPeriodSharesAcquisitions
|
650.74M | shares | 1 Quarter |
| Issuance of common stock in connection with an acquisition (in shares) |
StockIssuedDuringPeriodSharesAcquisitions
|
650.74M | shares | 2 Qtrs |
| Issuance of common stock in connection with acquisition |
StockIssuedDuringPeriodValueAcquisitions
|
$71.00M | USD | 1 Quarter |
| Issuance of common stock in connection with acquisition |
StockIssuedDuringPeriodValueAcquisitions
|
$71.00M | USD | 2 Qtrs |
| Issuance of common stock in connection with follow-on offering, net of underwriting discounts, commissions, and offering costs |
StockIssuedDuringPeriodValueNewIssues
|
$263.93M | USD | 1 Quarter |
| Issuance of common stock in connection with follow-on offering, net of underwriting discounts, commissions, and offering costs |
StockIssuedDuringPeriodValueNewIssues
|
$263.93M | USD | 2 Qtrs |
| Ending balance (in shares) |
CommonStockSharesOutstanding
|
77.63M | shares | Point-in-time |
| Ending balance (in shares) |
CommonStockSharesOutstanding
|
73.31M | shares | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$716.10M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$320.59M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-58.84M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$300.25M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-62.18M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-61.69M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.