10-Q Filing

UPSTART HOLDINGS, INC. CIK: 1647639 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001647639-21-000037`
Period End Date	20210930
Filing Date	20211112
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	upst-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 84 Cash Flow Statement 110 Stockholders Equity 66

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$1.04B	USD	Point-in-time
Cash	`Cash`	$250.82M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$130.30M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$60.51M	USD	Point-in-time
Property, equipment, and software, net	`PropertyPlantAndEquipmentNet`	$10.03M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$130.30M	USD	Point-in-time
Property, equipment, and software, net	`PropertyPlantAndEquipmentNet`	$18.90M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$60.51M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$70.03M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$18.31M	USD	Point-in-time
Other assets (includes $6,831 and $12,380 at fair value as of December 31, 2020 and September 30, 2021, respectively)	`OtherAssets`	$40.05M	USD	Point-in-time
Non-marketable equity securities	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	-	USD	Point-in-time
Other assets (includes $6,831 and $12,380 at fair value as of December 31, 2020 and September 30, 2021, respectively)	`OtherAssets`	$77.49M	USD	Point-in-time
Non-marketable equity securities	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$40.00M	USD	Point-in-time
Goodwill	`Goodwill`	$66.87M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Total assets	`Assets`	$1.61B	USD	Point-in-time
Total assets	`Assets`	$477.25M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$20.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$9.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$13.78M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$62.63M	USD	Point-in-time
Other assets (includes $6,831 and $12,380 at fair value as of December 31, 2020 and September 30, 2021, respectively)	`OtherAssets`	$40.05M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$649.22M	USD	Point-in-time
Other assets (includes $6,831 and $12,380 at fair value as of December 31, 2020 and September 30, 2021, respectively)	`OtherAssets`	$77.49M	USD	Point-in-time
Total assets	`Assets`	$1.61B	USD	Point-in-time
Total assets	`Assets`	$477.25M	USD	Point-in-time
Accrued expenses and other liabilities (includes $9,530 and $10,522 at fair value as of December 31, 2020 and September 30, 2021, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$35.67M	USD	Point-in-time
Accrued expenses and other liabilities (includes $9,530 and $10,522 at fair value as of December 31, 2020 and September 30, 2021, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$71.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$177.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$887.04M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$12.38M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$6.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$9.38M	USD	Point-in-time
Accrued expenses and other liabilities at fair value	`AccruedExpensesAndOtherLiabilitiesFairValueDisclosure`	$10.52M	USD	Point-in-time
Accrued expenses and other liabilities at fair value	`AccruedExpensesAndOtherLiabilitiesFairValueDisclosure`	$9.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$13.78M	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$45.50M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$84.31M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$62.63M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$649.22M	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
Accrued expenses and other liabilities (includes $9,530 and $10,522 at fair value as of December 31, 2020 and September 30, 2021, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$35.67M	USD	Point-in-time
Accrued expenses and other liabilities (includes $9,530 and $10,522 at fair value as of December 31, 2020 and September 30, 2021, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$71.95M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	81.54M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	73.31M	shares	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$72.17M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	73.31M	shares	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$19.43M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	81.54M	shares	Point-in-time
Total liabilities	`Liabilities`	$177.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$887.04M	USD	Point-in-time
Common stock, $0.0001 par value; 700,000,000 shares authorized; 73,314,026 and 81,539,547, shares issued and outstanding as of December 31, 2020 and September 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 81,539,547, shares issued and outstanding as of December 31, 2020 and September 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`	$711.80M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-69.22M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$7.28M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$300.25M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$719.09M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$477.25M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.61B	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Related party interest expense	`InterestExpenseRelatedParty`	$1.01M	USD	3 Qtrs
Related party interest expense	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$513.89M	USD	3 Qtrs
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$62.86M	USD	1 Quarter
Fair value adjustments from related parties	`FairValueAdjustmentsRelatedParty`	-	USD	1 Quarter
Fair value adjustments from related parties	`FairValueAdjustmentsRelatedParty`	$4.24M	USD	3 Qtrs
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$144.18M	USD	3 Qtrs
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$210.42M	USD	1 Quarter
Interest income and fair value adjustments, net (includes $0 and $1,014 from related parties expense and $0 and $4,238 of related parties fair value adjustments for the three and nine months ended September 30, 2020, respectively)	`RevenueNotFromContractWithCustomer`	$18.03M	USD	1 Quarter
Interest income and fair value adjustments, net (includes $0 and $1,014 from related parties expense and $0 and $4,238 of related parties fair value adjustments for the three and nine months ended September 30, 2020, respectively)	`RevenueNotFromContractWithCustomer`	$29.85M	USD	3 Qtrs
Interest income and fair value adjustments, net (includes $0 and $1,014 from related parties expense and $0 and $4,238 of related parties fair value adjustments for the three and nine months ended September 30, 2020, respectively)	`RevenueNotFromContractWithCustomer`	$2.53M	USD	3 Qtrs
Interest income and fair value adjustments, net (includes $0 and $1,014 from related parties expense and $0 and $4,238 of related parties fair value adjustments for the three and nine months ended September 30, 2020, respectively)	`RevenueNotFromContractWithCustomer`	$2.50M	USD	1 Quarter
Total revenue	`Revenues`	$65.36M	USD	1 Quarter
Total revenue	`Revenues`	$228.45M	USD	1 Quarter
Total revenue	`Revenues`	$146.71M	USD	3 Qtrs
Total revenue	`Revenues`	$543.74M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$218.64M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$23.73M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$93.35M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$65.11M	USD	3 Qtrs
Customer operations	`CustomerOperationsExpense`	$76.53M	USD	3 Qtrs
Customer operations	`CustomerOperationsExpense`	$34.98M	USD	1 Quarter
Customer operations	`CustomerOperationsExpense`	$9.36M	USD	1 Quarter
Customer operations	`CustomerOperationsExpense`	$24.79M	USD	3 Qtrs
Engineering and product development	`ResearchAndDevelopmentExpense`	$37.09M	USD	1 Quarter
Engineering and product development	`ResearchAndDevelopmentExpense`	$9.97M	USD	1 Quarter
Engineering and product development	`ResearchAndDevelopmentExpense`	$87.50M	USD	3 Qtrs
Engineering and product development	`ResearchAndDevelopmentExpense`	$24.65M	USD	3 Qtrs
General, administrative, and other	`GeneralAndAdministrativeExpense`	$80.60M	USD	3 Qtrs
General, administrative, and other	`GeneralAndAdministrativeExpense`	$34.44M	USD	1 Quarter
General, administrative, and other	`GeneralAndAdministrativeExpense`	$30.78M	USD	3 Qtrs
General, administrative, and other	`GeneralAndAdministrativeExpense`	$10.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$463.27M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$145.33M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$53.15M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$199.85M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$28.60M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$80.47M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.37M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.21M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$50.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$22.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-5.20M	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$5.50M	USD	3 Qtrs
Expense on warrants and convertible notes, net	`IncomeExpenseOnWarrantsAndOtherNonOperatingExpensesNet`	$-2.32M	USD	3 Qtrs
Expense on warrants and convertible notes, net	`IncomeExpenseOnWarrantsAndOtherNonOperatingExpensesNet`	$-776.00K	USD	1 Quarter
Expense on warrants and convertible notes, net	`IncomeExpenseOnWarrantsAndOtherNonOperatingExpensesNet`	$-2.59M	USD	1 Quarter
Expense on warrants and convertible notes, net	`IncomeExpenseOnWarrantsAndOtherNonOperatingExpensesNet`	$-807.00K	USD	3 Qtrs
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$74.46M	USD	3 Qtrs
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$9.67M	USD	1 Quarter
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$27.84M	USD	1 Quarter
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$4.55M	USD	3 Qtrs
Benefit for income taxes	`IncomeTaxExpenseBenefit`	$-2.04M	USD	3 Qtrs
Benefit for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Benefit for income taxes	`IncomeTaxExpenseBenefit`	$-1.27M	USD	1 Quarter
Benefit for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income before attribution to noncontrolling interests	`ProfitLoss`	$9.67M	USD	1 Quarter
Net income before attribution to noncontrolling interests	`ProfitLoss`	$29.11M	USD	1 Quarter
Net income before attribution to noncontrolling interests	`ProfitLoss`	$4.55M	USD	3 Qtrs
Net income before attribution to noncontrolling interests	`ProfitLoss`	$76.50M	USD	3 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-404.00K	USD	3 Qtrs
Net income attributable to Upstart Holdings, Inc. common stockholders	`NetIncomeLoss`	$9.67M	USD	1 Quarter
Net income attributable to Upstart Holdings, Inc. common stockholders	`NetIncomeLoss`	$76.50M	USD	3 Qtrs
Net income attributable to Upstart Holdings, Inc. common stockholders	`NetIncomeLoss`	$4.96M	USD	3 Qtrs
Net income attributable to Upstart Holdings, Inc. common stockholders	`NetIncomeLoss`	$29.11M	USD	1 Quarter
Net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in dollars per share)	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in dollars per share)	`EarningsPerShareBasic`	$1.00	USD	3 Qtrs
Net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in dollars per share)	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in dollars per share)	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in dollars per share)	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.81	USD	3 Qtrs
Weighted-average number of shares outstanding used in computing net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	79.39M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	76.59M	shares	3 Qtrs
Weighted-average number of shares outstanding used in computing net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.71M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.66M	shares	3 Qtrs
Weighted-average number of shares outstanding used in computing net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.66M	shares	3 Qtrs
Weighted-average number of shares outstanding used in computing net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.06M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.75M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.17M	shares	3 Qtrs

Cash Flow Statement 110 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$9.67M	USD	1 Quarter
Net income	`ProfitLoss`	$29.11M	USD	1 Quarter
Net income	`ProfitLoss`	$4.55M	USD	3 Qtrs
Net income	`ProfitLoss`	$76.50M	USD	3 Qtrs
Change in fair value of financial instruments (includes $(4,238) from related parties for the nine months ended September 30, 2020)	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-18.80M	USD	3 Qtrs
Change in fair value of financial instruments (includes $(4,238) from related parties for the nine months ended September 30, 2020)	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$5.84M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$7.10M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$50.12M	USD	3 Qtrs
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-18.80M	USD	3 Qtrs
Gain on loan servicing arrangements	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$1.75M	USD	3 Qtrs
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$5.84M	USD	3 Qtrs
Gain on loan servicing arrangements	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$4.22M	USD	3 Qtrs
Payments made on securitization notes and certificates	`PaymentsMadeOnSecuritizationNotesAndCertificates`	$26.13M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.98M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.63M	USD	3 Qtrs
Payments made on securitization notes and certificates	`PaymentsMadeOnSecuritizationNotesAndCertificates`	-	USD	3 Qtrs
Incentive share expense	`IncentiveFeeExpense`	$786.00K	USD	3 Qtrs
Incentive share expense	`IncentiveFeeExpense`	-	USD	3 Qtrs
Noncash interest expense	`OtherNoncashIncomeExpense`	$-990.00K	USD	3 Qtrs
Noncash interest expense	`OtherNoncashIncomeExpense`	$-54.00K	USD	3 Qtrs
Purchase of loans for immediate resale	`PurchaseOfLoansForImmediateResale`	$1.55B	USD	3 Qtrs
Purchase of loans for immediate resale	`PurchaseOfLoansForImmediateResale`	$5.87B	USD	3 Qtrs
Proceeds from immediate resale of loans	`ProceedsFromImmediateResaleOfLoans`	$1.55B	USD	3 Qtrs
Proceeds from immediate resale of loans	`ProceedsFromImmediateResaleOfLoans`	$5.87B	USD	3 Qtrs
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$109.11M	USD	3 Qtrs
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$80.31M	USD	3 Qtrs
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$15.24M	USD	3 Qtrs
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$4.40M	USD	3 Qtrs
Net proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$90.54M	USD	3 Qtrs
Net proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$6.81M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.84M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$22.81M	USD	3 Qtrs
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$1.03M	USD	3 Qtrs
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$66.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-592.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-4.56M	USD	3 Qtrs
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$38.81M	USD	3 Qtrs
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$13.14M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-4.70M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$29.85M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$179.50M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-52.82M	USD	3 Qtrs
Principal payments received for loans held by consolidated securitizations	`ProceedsFromPrincipalRepaymentsOnLoansHeldByConsolidatedSecuritizations`	-	USD	3 Qtrs
Principal payments received for loans held by consolidated securitizations	`ProceedsFromPrincipalRepaymentsOnLoansHeldByConsolidatedSecuritizations`	$24.02M	USD	3 Qtrs
Net proceeds from sale of loans held-for-investment	`ProceedsFromSaleOfLoansHeldForInvestment`	$10.79M	USD	3 Qtrs
Net proceeds from sale of loans held-for-investment	`ProceedsFromSaleOfLoansHeldForInvestment`	$88.14M	USD	3 Qtrs
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$14.72M	USD	3 Qtrs
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$12.28M	USD	3 Qtrs
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$9.12M	USD	3 Qtrs
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$11.31M	USD	3 Qtrs
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$3.77M	USD	3 Qtrs
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$92.74M	USD	3 Qtrs
Purchase of non-marketable equity securities	`PaymentsToAcquireOtherInvestments`	-	USD	3 Qtrs
Purchase of non-marketable equity securities	`PaymentsToAcquireOtherInvestments`	$40.00M	USD	3 Qtrs
Purchase of notes receivable and residual certificates	`PaymentsToAcquireNotesReceivable`	-	USD	3 Qtrs
Purchase of notes receivable and residual certificates	`PaymentsToAcquireNotesReceivable`	$4.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.96M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.28M	USD	3 Qtrs
Capitalized software costs	`PaymentsForSoftware`	$4.48M	USD	3 Qtrs
Capitalized software costs	`PaymentsForSoftware`	$2.97M	USD	3 Qtrs
Acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$16.56M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-124.10M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$127.71M	USD	3 Qtrs
Proceeds from secondary offering, net of underwriting discounts, commissions, and offering costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from secondary offering, net of underwriting discounts, commissions, and offering costs	`ProceedsFromIssuanceOfCommonStock`	$263.93M	USD	3 Qtrs
Proceeds from issuance of convertible debt	`ProceedsFromConvertibleDebt`	$661.25M	USD	3 Qtrs
Proceeds from issuance of convertible debt	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$15.73M	USD	3 Qtrs
Purchase of capped calls	`PaymentsForCappedCalls`	-	USD	3 Qtrs
Purchase of capped calls	`PaymentsForCappedCalls`	$58.52M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$236.00K	USD	3 Qtrs
Payments made on securitization notes and certificates (includes $1,034 paid to related parties for the nine months ended September 30, 2020)	`PaymentsMadeOnSecuritizationNotesAndCertificates`	$26.13M	USD	3 Qtrs
Payments made on securitization notes and certificates (includes $1,034 paid to related parties for the nine months ended September 30, 2020)	`PaymentsMadeOnSecuritizationNotesAndCertificates`	-	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$65.41M	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$99.83M	USD	3 Qtrs
Distributions made to noncontrolling interests	`PaymentsToMinorityShareholders`	-	USD	3 Qtrs
Distributions made to noncontrolling interests	`PaymentsToMinorityShareholders`	$622.00K	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$5.83M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$81.76M	USD	3 Qtrs
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	-	USD	3 Qtrs
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$4.14M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.77M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$510.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-44.31M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$805.03M	USD	3 Qtrs
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$860.43M	USD	3 Qtrs
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$30.58M	USD	3 Qtrs
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.17B	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`	$110.65M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.17B	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`	$110.65M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$6.95M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$2.80M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$2.25M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Issuance of common stock in connection with acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$80.26M	USD	3 Qtrs
Issuance of common stock in connection with acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	-	USD	3 Qtrs
Derecognition of loans held-for-investment in consolidated VIE	`DerecognitionOfLoansHeldForInvestmentInConsolidatedVIE`	-	USD	3 Qtrs
Derecognition of loans held-for-investment in consolidated VIE	`DerecognitionOfLoansHeldForInvestmentInConsolidatedVIE`	$57.22M	USD	3 Qtrs
Derecognition of payable to securitization note holders and residual certificate holders	`DerecognitionOfPayableToSecuritizationNoteHoldersAndResidualCertificateHolders`	$58.02M	USD	3 Qtrs
Derecognition of payable to securitization note holders and residual certificate holders	`DerecognitionOfPayableToSecuritizationNoteHoldersAndResidualCertificateHolders`	-	USD	3 Qtrs
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$2.12M	USD	3 Qtrs
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$330.00K	USD	3 Qtrs

Stockholders Equity 66 line items

Line Item	Tag	Value	Unit	Period
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`	0.00	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	`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`	$162.55M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	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`	0.00	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	`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`	$162.55M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	73.31M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	81.54M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-62.18M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-47.33M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$716.10M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-61.69M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$719.09M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$300.25M	USD	Point-in-time
Issuance of common stock upon exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	4.94B	shares	3 Qtrs
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$510.00K	USD	3 Qtrs
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.77M	USD	3 Qtrs
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.84M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$307.00K	USD	1 Quarter
Issuance of common stock in connection with an incentive agreement	`StockIssuedDuringPeriodValueStockOptionsExercisedIncentiveAgreement`	$1.70M	USD	1 Quarter
Issuance of common stock in connection with an incentive agreement	`StockIssuedDuringPeriodValueStockOptionsExercisedIncentiveAgreement`	$1.70M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.74M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$7.43M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$21.42M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$52.24M	USD	3 Qtrs
Shares withheld related to net share settlement of restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$236.00K	USD	3 Qtrs
Issuance of common stock in connection with an acquisition (in shares)	`StockIssuedDuringPeriodSharesAcquisitions`	650.74M	shares	3 Qtrs
Issuance of common stock in connection with acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$71.00M	USD	3 Qtrs
Issuance of common stock in connection with follow-on offering, net of underwriting discounts, commissions, and offering costs	`StockIssuedDuringPeriodValueNewIssues`	$263.93M	USD	3 Qtrs
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$4.14M	USD	3 Qtrs
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$4.14M	USD	1 Quarter
Return of capital to interests in consolidated VIEs	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$622.00K	USD	3 Qtrs
Incentive share expense	`APICIncentiveShareExpenseIncreaseForCostRecognition`	$787.00K	USD	3 Qtrs
Incentive share expense	`APICIncentiveShareExpenseIncreaseForCostRecognition`	$429.00K	USD	1 Quarter
Purchase of capped calls	`AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCallTransactions`	$-58.52M	USD	3 Qtrs
Purchase of capped calls	`AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCallTransactions`	$-58.52M	USD	1 Quarter
Net income	`ProfitLoss`	$9.67M	USD	1 Quarter
Net income	`ProfitLoss`	$29.11M	USD	1 Quarter
Net income	`ProfitLoss`	$4.55M	USD	3 Qtrs
Net income	`ProfitLoss`	$76.50M	USD	3 Qtrs
Ending balance (in shares)	`CommonStockSharesOutstanding`	73.31M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	81.54M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-62.18M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-47.33M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$716.10M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-61.69M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$719.09M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$300.25M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.