10-K Filing

UPSTART HOLDINGS, INC. CIK: 1647639 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001647639-23-000021`
Period End Date	20221231
Filing Date	20230216
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	upst-20221231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 73 Cash Flow Statement 178 Stockholders Equity 49

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$422.41M	USD	Point-in-time
Cash	`Cash`	$986.61M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$204.63M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$110.06M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$1.01B	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$252.48M	USD	Point-in-time
Property, equipment, and software, net	`PropertyPlantAndEquipmentNet`	$44.17M	USD	Point-in-time
Property, equipment, and software, net	`PropertyPlantAndEquipmentNet`	$24.26M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$18.39M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$96.12M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$86.33M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$42.65M	USD	Point-in-time
Accrued expenses and other liabilities at fair value	`AccruedExpensesAndOtherLiabilitiesFairValueDisclosure`	$8.82M	USD	Point-in-time
Non-marketable equity securities	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$40.00M	USD	Point-in-time
Non-marketable equity securities	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$41.25M	USD	Point-in-time
Accrued expenses and other liabilities at fair value	`AccruedExpensesAndOtherLiabilitiesFairValueDisclosure`	$13.10M	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
Goodwill	`Goodwill`	$67.06M	USD	Point-in-time
Goodwill	`Goodwill`	$67.06M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$19.91M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$15.63M	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`	83.66M	shares	Point-in-time
Other assets (includes $18,388 and $42,648 at fair value as of December 31, 2021 and December 31, 2022, respectively)	`OtherAssets`	$138.72M	USD	Point-in-time
Other assets (includes $18,388 and $42,648 at fair value as of December 31, 2021 and December 31, 2022, respectively)	`OtherAssets`	$129.39M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	81.26M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	83.66M	shares	Point-in-time
Total assets	`Assets`	$1.94B	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	81.26M	shares	Point-in-time
Total assets	`Assets`	$1.82B	USD	Point-in-time
Cash	`Cash`	$422.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$18.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$6.56M	USD	Point-in-time
Cash	`Cash`	$986.61M	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$107.60M	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$90.78M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$204.63M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$110.06M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$1.01B	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$252.48M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$986.39M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$695.43M	USD	Point-in-time
Accrued expenses and other liabilities (includes $13,095 and $8,820 at fair value as of December 31, 2021 and December 31, 2022, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$103.42M	USD	Point-in-time
Other assets (includes $7,571 and $2,244 at fair value as of December 31, 2021 and December 31, 2022, respectively)	`OtherAssets`	$138.72M	USD	Point-in-time
Accrued expenses and other liabilities (includes $13,095 and $8,820 at fair value as of December 31, 2021 and December 31, 2022, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$66.95M	USD	Point-in-time
Other assets (includes $7,571 and $2,244 at fair value as of December 31, 2021 and December 31, 2022, respectively)	`OtherAssets`	$129.39M	USD	Point-in-time
Total assets	`Assets`	$1.94B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$100.37M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$100.79M	USD	Point-in-time
Total assets	`Assets`	$1.82B	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$18.39M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$42.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.01B	USD	Point-in-time
Common stock, $0.0001 par value; 700,000,000 shares authorized; 83,659,665 and 81,259,676 shares issued and outstanding as of December 31, 2021 and December 31, 2022, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Common stock, $0.0001 par value; 700,000,000 shares authorized; 83,659,665 and 81,259,676 shares issued and outstanding as of December 31, 2021 and December 31, 2022, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$986.39M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$695.43M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$103.42M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$66.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$714.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$740.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26B	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-42.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.01B	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$66.22M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$300.25M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$300.25M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-61.69M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-61.69M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$807.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$807.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$672.43M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$672.43M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.82B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.94B	USD	Point-in-time

Income Statement 73 line items

Line Item	Tag	Value	Unit	Period
Related party interest expense	`InterestExpenseRelatedParty`	$1.01M	USD	Annual
Fair value adjustments from related parties	`FairValueAdjustmentsRelatedParty`	-	USD	Annual
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$801.27M	USD	Annual
Fair value adjustments from related parties	`FairValueAdjustmentsRelatedParty`	$4.24M	USD	Annual
Fair value adjustments from related parties	`FairValueAdjustmentsRelatedParty`	-	USD	Annual
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$228.60M	USD	Annual
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$907.27M	USD	Annual
Interest income	`InterestAndDividendIncomeOperating`	$20.63M	USD	Annual
Interest income	`InterestAndDividendIncomeOperating`	$105.58M	USD	Annual
Interest income	`InterestAndDividendIncomeOperating`	$26.41M	USD	Annual
Interest expense	`InterestExpense`	$3.27M	USD	Annual
Interest expense	`InterestExpense`	$10.84M	USD	Annual
Interest expense	`InterestExpense`	$8.03M	USD	Annual
Fair value and other adjustments	`FairValueAndOtherAdjustmentsNet`	$-29.95M	USD	Annual
Fair value and other adjustments	`FairValueAndOtherAdjustmentsNet`	$13.57M	USD	Annual
Fair value and other adjustments	`FairValueAndOtherAdjustmentsNet`	$159.56M	USD	Annual
Total interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-64.83M	USD	Annual
Total interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$47.31M	USD	Annual
Total interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$4.82M	USD	Annual
Total revenue	`Revenues`	$848.59M	USD	Annual
Total revenue	`Revenues`	$233.42M	USD	Annual
Total revenue	`Revenues`	$842.44M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$99.66M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$333.45M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$345.78M	USD	Annual
Customer operations	`CustomerOperationsExpense`	$117.58M	USD	Annual
Customer operations	`CustomerOperationsExpense`	$187.99M	USD	Annual
Customer operations	`CustomerOperationsExpense`	$37.58M	USD	Annual
Engineering and product development	`ResearchAndDevelopmentExpense`	$237.25M	USD	Annual
Engineering and product development	`ResearchAndDevelopmentExpense`	$38.80M	USD	Annual
Engineering and product development	`ResearchAndDevelopmentExpense`	$134.00M	USD	Annual
General, administrative, and other	`GeneralAndAdministrativeExpense`	$122.68M	USD	Annual
General, administrative, and other	`GeneralAndAdministrativeExpense`	$45.61M	USD	Annual
General, administrative, and other	`GeneralAndAdministrativeExpense`	$185.29M	USD	Annual
Total operating expenses	`OperatingExpenses`	$956.31M	USD	Annual
Total operating expenses	`OperatingExpenses`	$707.71M	USD	Annual
Total operating expenses	`OperatingExpenses`	$221.65M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$140.88M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-113.86M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$11.77M	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$9.47M	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-5.17M	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$5.55M	USD	Annual
Expense on warrants and convertible notes, net	`IncomeExpenseOnWarrantsAndOtherNonOperatingExpensesNet`	$-11.36M	USD	Annual
Expense on warrants and convertible notes, net	`IncomeExpenseOnWarrantsAndOtherNonOperatingExpensesNet`	$-1.98M	USD	Annual
Expense on warrants and convertible notes, net	`IncomeExpenseOnWarrantsAndOtherNonOperatingExpensesNet`	$-4.68M	USD	Annual
Net income (loss) before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$133.73M	USD	Annual
Net income (loss) before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-109.07M	USD	Annual
Net income (loss) before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$5.95M	USD	Annual
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$371.00K	USD	Annual
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$-409.00K	USD	Annual
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$-1.71M	USD	Annual
Net income (loss) before attribution to noncontrolling interests	`ProfitLoss`	$5.58M	USD	Annual
Net income (loss) before attribution to noncontrolling interests	`ProfitLoss`	$135.44M	USD	Annual
Net income (loss) before attribution to noncontrolling interests	`ProfitLoss`	$-108.67M	USD	Annual
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-404.00K	USD	Annual
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net income (loss) before attribution to noncontrolling interests	`NetIncomeLoss`	$135.44M	USD	Annual
Net income (loss) before attribution to noncontrolling interests	`NetIncomeLoss`	$5.98M	USD	Annual
Net income (loss) before attribution to noncontrolling interests	`NetIncomeLoss`	$-108.67M	USD	Annual
Net income (loss) attributable to Upstart Holdings, Inc. common stockholders per share, basic (in dollars per share)	`EarningsPerShareBasic`	-	USD	Annual
Net income (loss) attributable to Upstart Holdings, Inc. common stockholders per share, basic (in dollars per share)	`EarningsPerShareBasic`	$1.73	USD	Annual
Net income (loss) attributable to Upstart Holdings, Inc. common stockholders per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-1.31	USD	Annual
Net income (loss) attributable to Upstart Holdings, Inc. common stockholders per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.43	USD	Annual
Net income (loss) attributable to Upstart Holdings, Inc. common stockholders per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	-	USD	Annual
Net income (loss) attributable to Upstart Holdings, Inc. common stockholders per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.31	USD	Annual
Weighted-average number of shares outstanding used in computing net income per share (loss) attributable to Upstart Holdings, Inc. common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	82.77M	shares	Annual
Weighted-average number of shares outstanding used in computing net income per share (loss) attributable to Upstart Holdings, Inc. common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	78.11M	shares	Annual
Weighted-average number of shares outstanding used in computing net income per share (loss) attributable to Upstart Holdings, Inc. common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.51M	shares	Annual
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`	17.51M	shares	Annual
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`	94.77M	shares	Annual
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`	82.77M	shares	Annual

Cash Flow Statement 178 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) before attribution to noncontrolling interests	`ProfitLoss`	$5.58M	USD	Annual
Net income (loss) before attribution to noncontrolling interests	`ProfitLoss`	$135.44M	USD	Annual
Net income (loss) before attribution to noncontrolling interests	`ProfitLoss`	$-108.67M	USD	Annual
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$228.00K	USD	Annual
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-168.88M	USD	Annual
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-29.05M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$11.51M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$73.19M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$125.94M	USD	Annual
Gain on loan servicing arrangement, net	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$1.53M	USD	Annual
Gain on loan servicing arrangement, net	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$28.74M	USD	Annual
Gain on loan servicing arrangement, net	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$6.92M	USD	Annual
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$228.00K	USD	Annual
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-168.88M	USD	Annual
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-29.05M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.28M	USD	Annual
Payments made on securitization notes and certificates	`PaymentsMadeOnSecuritizationNotesAndCertificates`	-	USD	Annual
Payments made on securitization notes and certificates	`PaymentsMadeOnSecuritizationNotesAndCertificates`	$26.13M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.54M	USD	Annual
Payments made on securitization notes and certificates	`PaymentsMadeOnSecuritizationNotesAndCertificates`	-	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.51M	USD	Annual
Incentive share expense	`IncentiveFeeExpense`	$787.00K	USD	Annual
Incentive share expense	`IncentiveFeeExpense`	-	USD	Annual
Incentive share expense	`IncentiveFeeExpense`	-	USD	Annual
Non-cash interest expense	`OtherNoncashIncomeExpense`	$-3.05M	USD	Annual
Non-cash interest expense	`OtherNoncashIncomeExpense`	$-73.00K	USD	Annual
Non-cash interest expense	`OtherNoncashIncomeExpense`	$-1.98M	USD	Annual
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$2.66B	USD	Annual
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$7.81B	USD	Annual
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$8.93B	USD	Annual
Proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$6.83B	USD	Annual
Proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$2.59B	USD	Annual
Proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$8.83B	USD	Annual
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$8.66M	USD	Annual
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$18.22M	USD	Annual
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$152.02M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$62.04M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$13.19M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.17M	USD	Annual
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$251.00K	USD	Annual
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$3.13M	USD	Annual
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$10.20M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$7.03M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$11.88M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-7.51M	USD	Annual
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$19.45M	USD	Annual
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$-16.82M	USD	Annual
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$62.10M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.71M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$59.58M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-31.30M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$168.35M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.70M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-674.68M	USD	Annual
Principal payments received for loans held by consolidated securitizations	`ProceedsFromPrincipalRepaymentsOnLoansHeldByConsolidatedSecuritizations`	-	USD	Annual
Principal payments received for loans held by consolidated securitizations	`ProceedsFromPrincipalRepaymentsOnLoansHeldByConsolidatedSecuritizations`	$24.02M	USD	Annual
Principal payments received for loans held by consolidated securitizations	`ProceedsFromPrincipalRepaymentsOnLoansHeldByConsolidatedSecuritizations`	-	USD	Annual
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$9.65M	USD	Annual
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$159.40M	USD	Annual
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$149.30M	USD	Annual
Proceeds from sale of loans held-for-investment	`ProceedsFromSaleOfLoansHeldForInvestment`	$97.34M	USD	Annual
Proceeds from sale of loans held-for-investment	`ProceedsFromSaleOfLoansHeldForInvestment`	$51.40M	USD	Annual
Proceeds from sale of loans held-for-investment	`ProceedsFromSaleOfLoansHeldForInvestment`	$14.29M	USD	Annual
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$15.76M	USD	Annual
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$24.53M	USD	Annual
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$43.31M	USD	Annual
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$6.74M	USD	Annual
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$14.66M	USD	Annual
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$11.46M	USD	Annual
Purchase of non-marketable equity securities	`PaymentsToAcquireOtherInvestments`	-	USD	Annual
Purchase of non-marketable equity securities	`PaymentsToAcquireOtherInvestments`	$1.25M	USD	Annual
Purchase of non-marketable equity securities	`PaymentsToAcquireOtherInvestments`	$40.00M	USD	Annual
Purchase of notes receivable and residual certificates	`PaymentsToAcquireNotesReceivable`	$4.00K	USD	Annual
Purchase of notes receivable and residual certificates	`PaymentsToAcquireNotesReceivable`	-	USD	Annual
Purchase of notes receivable and residual certificates	`PaymentsToAcquireNotesReceivable`	-	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.43M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.35M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.82M	USD	Annual
Capitalized software costs	`PaymentsForSoftware`	$6.69M	USD	Annual
Capitalized software costs	`PaymentsForSoftware`	$4.25M	USD	Annual
Capitalized software costs	`PaymentsForSoftware`	$14.09M	USD	Annual
Purchase of certificates of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	-	USD	Annual
Purchase of certificates of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	-	USD	Annual
Purchase of certificates of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	$5.00M	USD	Annual
Acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$16.76M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-114.12M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$136.52M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-143.88M	USD	Annual
Proceeds from initial public offering, net of underwriting discounts and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$159.49M	USD	Annual
Proceeds from initial public offering, net of underwriting discounts and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Proceeds from initial public offering, net of underwriting discounts and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Proceeds from secondary offering, net of underwriting discounts, commissions, and offering costs	`ProceedsFromIssuanceOfCommonStock`	$263.93M	USD	Annual
Proceeds from secondary offering, net of underwriting discounts, commissions, and offering costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from secondary offering, net of underwriting discounts, commissions, and offering costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$718.42M	USD	Annual
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$688.81M	USD	Annual
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$92.06M	USD	Annual
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$15.73M	USD	Annual
Purchase of capped calls	`PaymentsForCappedCalls`	$58.52M	USD	Annual
Purchase of capped calls	`PaymentsForCappedCalls`	-	USD	Annual
Purchase of capped calls	`PaymentsForCappedCalls`	-	USD	Annual
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	Annual
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$16.00K	USD	Annual
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$236.00K	USD	Annual
Payments made on securitization notes and certificates	`PaymentsMadeOnSecuritizationNotesAndCertificates`	-	USD	Annual
Payments made on securitization notes and certificates	`PaymentsMadeOnSecuritizationNotesAndCertificates`	$26.13M	USD	Annual
Payments made on securitization notes and certificates	`PaymentsMadeOnSecuritizationNotesAndCertificates`	-	USD	Annual
Repayments of borrowings	`RepaymentsOfDebt`	$400.90M	USD	Annual
Repayments of borrowings	`RepaymentsOfDebt`	$148.11M	USD	Annual
Repayments of borrowings	`RepaymentsOfDebt`	$71.32M	USD	Annual
Distributions made to noncontrolling interests	`PaymentsToMinorityShareholders`	$622.00K	USD	Annual
Distributions made to noncontrolling interests	`PaymentsToMinorityShareholders`	-	USD	Annual
Distributions made to noncontrolling interests	`PaymentsToMinorityShareholders`	-	USD	Annual
Proceeds from exercise of convertible preferred stock warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from exercise of convertible preferred stock warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from exercise of convertible preferred stock warrants	`ProceedsFromWarrantExercises`	$6.00K	USD	Annual
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$4.14M	USD	Annual
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	-	USD	Annual
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$7.66M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.36M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$14.74M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$12.35M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$177.88M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$130.03M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$855.43M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$79.05M	USD	Annual
Change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$231.27M	USD	Annual
Change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$879.91M	USD	Annual
Change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-658.77M	USD	Annual
Cash and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.07M	USD	Point-in-time
Cash and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Cash and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$311.33M	USD	Point-in-time
Cash and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.47M	USD	Point-in-time
Cash and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.07M	USD	Point-in-time
Cash and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Cash and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$311.33M	USD	Point-in-time
Cash and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.47M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$3.27M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$12.47M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$8.03M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$2.30M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$328.00K	USD	Annual
Cash paid for amounts included in the measurement of lease liabilities	`OperatingLeasePayments`	$4.55M	USD	Annual
Cash paid for amounts included in the measurement of lease liabilities	`OperatingLeasePayments`	$11.08M	USD	Annual
Cash paid for amounts included in the measurement of lease liabilities	`OperatingLeasePayments`	$4.16M	USD	Annual
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$492.00K	USD	Annual
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$5.96M	USD	Annual
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$3.14M	USD	Annual
Residual certificates retained under unconsolidated securitization	`SecuritiesRetainedUnderUnconsolidatedSecuritizationTransactions`	$4.68M	USD	Annual
Residual certificates retained under unconsolidated securitization	`SecuritiesRetainedUnderUnconsolidatedSecuritizationTransactions`	-	USD	Annual
Residual certificates retained under unconsolidated securitization	`SecuritiesRetainedUnderUnconsolidatedSecuritizationTransactions`	-	USD	Annual
Reclassification of common stock warrant liability related to cashless exercise	`ReclassificationOfCommonStockWarrantLiabilityRelatedToCashlessExercise`	$2.97M	USD	Annual
Reclassification of common stock warrant liability related to cashless exercise	`ReclassificationOfCommonStockWarrantLiabilityRelatedToCashlessExercise`	-	USD	Annual
Reclassification of common stock warrant liability related to cashless exercise	`ReclassificationOfCommonStockWarrantLiabilityRelatedToCashlessExercise`	-	USD	Annual
Reclassification of preferred stock warrant liability related to cash exercise	`ReclassificationOfPreferredStockWarrantLiabilityRelatedToCashlessExercise`	-	USD	Annual
Reclassification of preferred stock warrant liability related to cash exercise	`ReclassificationOfPreferredStockWarrantLiabilityRelatedToCashlessExercise`	-	USD	Annual
Reclassification of preferred stock warrant liability related to cash exercise	`ReclassificationOfPreferredStockWarrantLiabilityRelatedToCashlessExercise`	$12.18M	USD	Annual
Reclassification of common stock warrant liability to equity upon termination of repurchase option	`ReclassificationOfCommonStockWarrantLiabilityToEquityUponTerminationOfRepurchaseOption`	-	USD	Annual
Reclassification of common stock warrant liability to equity upon termination of repurchase option	`ReclassificationOfCommonStockWarrantLiabilityToEquityUponTerminationOfRepurchaseOption`	$2.94M	USD	Annual
Reclassification of common stock warrant liability to equity upon termination of repurchase option	`ReclassificationOfCommonStockWarrantLiabilityToEquityUponTerminationOfRepurchaseOption`	-	USD	Annual
Issuance of common stock in connection with acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	-	USD	Annual
Issuance of common stock in connection with acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	-	USD	Annual
Issuance of common stock in connection with acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$80.26M	USD	Annual
Cash	`Cash`	$422.41M	USD	Point-in-time
Cash	`Cash`	$986.61M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$204.63M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$110.06M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.07M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$311.33M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.47M	USD	Point-in-time

Stockholders Equity 49 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	47.35M	shares	Point-in-time
Beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$162.55M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Conversion of convertible preferred stock to common stock upon initial public offering (in shares)	`TemporaryEquitySharesConversionOfConvertibleSecurities`	47.35M	shares	Annual
Conversion of convertible preferred stock to common stock upon initial public offering	`TemporaryEquityValueConversionOfConvertibleSecurities`	$162.55M	USD	Annual
Ending balance (in shares)	`TemporaryEquitySharesOutstanding`	47.35M	shares	Point-in-time
Ending balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$162.55M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	83.66M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	81.26M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$300.25M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-61.69M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$807.08M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$672.43M	USD	Point-in-time
Conversion of convertible preferred stock to common stock upon initial public offering	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$162.55M	USD	Annual
Issuance of common stock upon initial public offering, net of underwriting discounts, commissions, and offering costs	`StockIssuedDuringPeriodValueNewIssues`	$263.93M	USD	Annual
Issuance of common stock upon initial public offering, net of underwriting discounts, commissions, and offering costs	`StockIssuedDuringPeriodValueNewIssues`	$159.49M	USD	Annual
Issuance of common stock upon exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	2.46M	shares	Annual
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.36M	USD	Annual
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$14.74M	USD	Annual
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$12.35M	USD	Annual
Issuance of common stock in connection with an incentive agreement	`StockIssuedDuringPeriodValueStockOptionsExercisedIncentiveAgreement`	$1.70M	USD	Annual
Exercise of convertible preferred stock warrant into preferred stock and issuance of common stock upon initial public offering	`ExerciseOfConvertiblePreferredStockWarrantValue`	$12.18M	USD	Annual
Exercise of common stock warrants	`ExerciseOfCommonStockWarrantsValue`	$2.97M	USD	Annual
Reclass of warrant liability upon termination of repurchase obligation	`ReclassOfWarrantLiabilityUponTerminationOfRepurchaseObligation`	$2.94M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$131.91M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$76.33M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$12.01M	USD	Annual
Incentive share expense	`APICIncentiveShareExpenseIncreaseForCostRecognition`	$787.00K	USD	Annual
Return of capital on interest in consolidated VIEs	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$622.00K	USD	Annual
Shares withheld related to net share settlement of restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$236.00K	USD	Annual
Shares withheld related to net share settlement of restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$16.00K	USD	Annual
Repurchase and retirement of restricted stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	5.90M	shares	Annual
Issuance of common stock in connection with acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$71.00M	USD	Annual
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$4.14M	USD	Annual
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$7.66M	USD	Annual
Purchase of capped calls	`AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCallTransactions`	$58.52M	USD	Annual
Repurchases of stock	`StockRepurchasedDuringPeriodValue`	$177.88M	USD	Annual
Net income (loss)	`ProfitLoss`	$5.58M	USD	Annual
Net income (loss)	`ProfitLoss`	$135.44M	USD	Annual
Net income (loss)	`ProfitLoss`	$-108.67M	USD	Annual
Ending balance (in shares)	`CommonStockSharesOutstanding`	83.66M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	81.26M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$300.25M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-61.69M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$807.08M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$672.43M	USD	Point-in-time

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