10-Q Filing

UPSTART HOLDINGS, INC. CIK: 1647639 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001647639-23-000043`
Period End Date	20230630
Filing Date	20230809
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	upst-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 80 Cash Flow Statement 92 Stockholders Equity 35

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$443.67M	USD	Point-in-time
Cash	`Cash`	$422.41M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$66.22M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$110.06M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$837.57M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$1.01B	USD	Point-in-time
Property, equipment, and software, net	`PropertyPlantAndEquipmentNet`	$44.17M	USD	Point-in-time
Property, equipment, and software, net	`PropertyPlantAndEquipmentNet`	$47.01M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$86.33M	USD	Point-in-time
Accrued expenses and other liabilities at fair value	`AccruedExpensesAndOtherLiabilitiesFairValueDisclosure`	$6.93M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$80.35M	USD	Point-in-time
Accrued expenses and other liabilities at fair value	`AccruedExpensesAndOtherLiabilitiesFairValueDisclosure`	$8.82M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Beneficial interests (at fair value)	`BeneficialInterestAssetNet`	-	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
Beneficial interests (at fair value)	`BeneficialInterestAssetNet`	$28.66M	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, authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Non-marketable equity securities	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$41.25M	USD	Point-in-time
Non-marketable equity securities	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$41.25M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	83.81M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	81.26M	shares	Point-in-time
Goodwill	`Goodwill`	$67.06M	USD	Point-in-time
Goodwill	`Goodwill`	$67.06M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	81.26M	shares	Point-in-time
Other assets (includes $42,648 and $47,585 at fair value as of December 31, 2022 and June 30, 2023, respectively)	`OtherAssets`	$154.35M	USD	Point-in-time
Other assets (includes $42,648 and $47,585 at fair value as of December 31, 2022 and June 30, 2023, respectively)	`OtherAssets`	$151.92M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	83.81M	shares	Point-in-time
Total assets	`Assets`	$1.94B	USD	Point-in-time
Total assets	`Assets`	$1.76B	USD	Point-in-time
Cash	`Cash`	$443.67M	USD	Point-in-time
Cash	`Cash`	$422.41M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$66.22M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$110.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$18.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$6.94M	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$90.78M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$837.57M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$1.01B	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$44.05M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$930.65M	USD	Point-in-time
Other assets (includes $2,244 and $11,039 at fair value as of December 31, 2022 and June 30, 2023, respectively)	`OtherAssets`	$154.35M	USD	Point-in-time
Other assets (includes $2,244 and $11,039 at fair value as of December 31, 2022 and June 30, 2023, respectively)	`OtherAssets`	$151.92M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$986.39M	USD	Point-in-time
Accrued expenses and other liabilities (includes $8,820 and $6,927 at fair value as of December 31, 2022 and June 30, 2023, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$66.95M	USD	Point-in-time
Total assets	`Assets`	$1.94B	USD	Point-in-time
Total assets	`Assets`	$1.76B	USD	Point-in-time
Accrued expenses and other liabilities (includes $8,820 and $6,927 at fair value as of December 31, 2022 and June 30, 2023, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$47.69M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$42.65M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$96.24M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$100.79M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$47.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.13B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26B	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$930.65M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$986.39M	USD	Point-in-time
Common stock, $0.0001 par value; 700,000,000 shares authorized; 81,259,676 and 83,811,484 shares issued and outstanding as of December 31, 2022 and June 30, 2023, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$66.95M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$47.69M	USD	Point-in-time
Common stock, $0.0001 par value; 700,000,000 shares authorized; 81,259,676 and 83,811,484 shares issued and outstanding as of December 31, 2022 and June 30, 2023, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$838.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$714.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.13B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$638.14M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$876.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-199.86M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$807.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$627.21M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$672.43M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$757.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.44M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$638.14M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$876.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$807.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$627.21M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$672.43M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$757.07M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.94B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.76B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$260.83M	USD	2 Qtrs
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$143.69M	USD	1 Quarter
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$572.33M	USD	2 Qtrs
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$258.35M	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$33.92M	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$44.11M	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	$79.23M	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	$28.97M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.41M	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.27M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.31M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.28M	USD	1 Quarter
Fair value and other adjustments	`FairValueAndOtherAdjustmentsNet`	$37.56M	USD	1 Quarter
Fair value and other adjustments	`FairValueAndOtherAdjustmentsNet`	$89.95M	USD	2 Qtrs
Fair value and other adjustments	`FairValueAndOtherAdjustmentsNet`	$56.84M	USD	1 Quarter
Fair value and other adjustments	`FairValueAndOtherAdjustmentsNet`	$74.86M	USD	2 Qtrs
Total interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-30.18M	USD	1 Quarter
Total interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-22.14M	USD	2 Qtrs
Total interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-34.03M	USD	2 Qtrs
Total interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-7.92M	USD	1 Quarter
Total revenue	`Revenues`	$135.77M	USD	1 Quarter
Total revenue	`Revenues`	$228.16M	USD	1 Quarter
Total revenue	`Revenues`	$238.69M	USD	2 Qtrs
Total revenue	`Revenues`	$538.30M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$105.21M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$23.89M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$238.66M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$55.33M	USD	2 Qtrs
Customer operations	`CustomerOperationsExpense`	$51.07M	USD	1 Quarter
Customer operations	`CustomerOperationsExpense`	$77.39M	USD	2 Qtrs
Customer operations	`CustomerOperationsExpense`	$99.48M	USD	2 Qtrs
Customer operations	`CustomerOperationsExpense`	$36.80M	USD	1 Quarter
Engineering and product development	`ResearchAndDevelopmentExpense`	$168.04M	USD	2 Qtrs
Engineering and product development	`ResearchAndDevelopmentExpense`	$57.97M	USD	1 Quarter
Engineering and product development	`ResearchAndDevelopmentExpense`	$107.04M	USD	2 Qtrs
Engineering and product development	`ResearchAndDevelopmentExpense`	$57.05M	USD	1 Quarter
General, administrative, and other	`GeneralAndAdministrativeExpense`	$50.45M	USD	1 Quarter
General, administrative, and other	`GeneralAndAdministrativeExpense`	$90.40M	USD	2 Qtrs
General, administrative, and other	`GeneralAndAdministrativeExpense`	$103.11M	USD	2 Qtrs
General, administrative, and other	`GeneralAndAdministrativeExpense`	$46.94M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$169.11M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$535.57M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$260.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$403.87M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-165.18M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$2.73M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-32.11M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-33.34M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$5.20M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.26M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$7.79M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$138.00K	USD	2 Qtrs
Net income (loss) before income taxes	`IncomeLossAttributableToParent`	$2.86M	USD	2 Qtrs
Net income (loss) before income taxes	`IncomeLossAttributableToParent`	$-157.38M	USD	2 Qtrs
Net income (loss) before income taxes	`IncomeLossAttributableToParent`	$-29.85M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossAttributableToParent`	$-28.15M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$24.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$34.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$43.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-29.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-28.16M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.82M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-157.42M	USD	2 Qtrs
Net income (loss) per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-1.91	USD	2 Qtrs
Net income (loss) per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.03	USD	2 Qtrs
Net income (loss) per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.34	USD	1 Quarter
Net income (loss) per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.36	USD	1 Quarter
Net income (loss) per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.36	USD	1 Quarter
Net income (loss) per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.34	USD	1 Quarter
Net income (loss) per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	2 Qtrs
Net income (loss) per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.91	USD	2 Qtrs
Weighted-average number of shares outstanding used in computing net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	82.52M	shares	2 Qtrs
Weighted-average number of shares outstanding used in computing net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	84.03M	shares	2 Qtrs
Weighted-average number of shares outstanding used in computing net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	83.13M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	83.83M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.52M	shares	2 Qtrs
Weighted-average number of shares outstanding used in computing net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.83M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.13M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.51M	shares	2 Qtrs

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-29.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-28.16M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.82M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-157.42M	USD	2 Qtrs
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-98.64M	USD	2 Qtrs
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-49.10M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$55.38M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$106.70M	USD	2 Qtrs
Gain on loan servicing arrangement, net	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$6.96M	USD	2 Qtrs
Gain on loan servicing arrangement, net	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$17.73M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.13M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.87M	USD	2 Qtrs
Non-cash interest expense	`PaidInKindInterest`	$1.53M	USD	2 Qtrs
Non-cash interest expense	`PaidInKindInterest`	$1.54M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	-	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$1.92M	USD	2 Qtrs
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$5.92B	USD	2 Qtrs
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$1.25B	USD	2 Qtrs
Proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$5.43B	USD	2 Qtrs
Proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$1.27B	USD	2 Qtrs
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$101.83M	USD	2 Qtrs
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$66.79M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-13.20M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.83M	USD	2 Qtrs
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$5.26M	USD	2 Qtrs
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$1.44M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-11.79M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$15.08M	USD	2 Qtrs
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$-50.84M	USD	2 Qtrs
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$-1.89M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-17.87M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-24.96M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$86.65M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-320.44M	USD	2 Qtrs
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$13.88M	USD	2 Qtrs
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$83.87M	USD	2 Qtrs
Proceeds from sale of loans held-for-investment	`ProceedsFromSaleOfLoansHeldForInvestment`	-	USD	2 Qtrs
Proceeds from sale of loans held-for-investment	`ProceedsFromSaleOfLoansHeldForInvestment`	$83.00K	USD	2 Qtrs
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$18.52M	USD	2 Qtrs
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$50.43M	USD	2 Qtrs
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$3.00M	USD	2 Qtrs
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$3.91M	USD	2 Qtrs
Acquisition of beneficial interests	`AcquisitionOfBeneficialInterests`	-	USD	2 Qtrs
Acquisition of beneficial interests	`AcquisitionOfBeneficialInterests`	$26.43M	USD	2 Qtrs
Purchase of non-marketable equity securities	`PaymentsToAcquireOtherInvestments`	$1.00M	USD	2 Qtrs
Purchase of non-marketable equity securities	`PaymentsToAcquireOtherInvestments`	-	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.58M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.15M	USD	2 Qtrs
Capitalized software costs	`PaymentsForSoftware`	$6.32M	USD	2 Qtrs
Capitalized software costs	`PaymentsForSoftware`	$6.83M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-64.35M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.76M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$340.37M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$261.20M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$397.64M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$101.61M	USD	2 Qtrs
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$5.73M	USD	2 Qtrs
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$4.43M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.41M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.67M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.00K	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$125.04M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$48.38M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-44.88M	USD	2 Qtrs
Change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-22.57M	USD	2 Qtrs
Change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-276.82M	USD	2 Qtrs
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$914.42M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.47M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$509.89M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$914.42M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.47M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$509.89M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$4.08M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$12.24M	USD	2 Qtrs
Cash (received) paid for income taxes, net	`IncomeTaxesPaidNet`	$52.00K	USD	2 Qtrs
Cash (received) paid for income taxes, net	`IncomeTaxesPaidNet`	$-989.00K	USD	2 Qtrs
Beneficial interests included in payable to investors	`IssuanceOfBeneficialInterests`	-	USD	2 Qtrs
Beneficial interests included in payable to investors	`IssuanceOfBeneficialInterests`	$4.11M	USD	2 Qtrs
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$3.00M	USD	2 Qtrs
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$4.03M	USD	2 Qtrs
Cash	`Cash`	$443.67M	USD	Point-in-time
Cash	`Cash`	$422.41M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$66.22M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$110.06M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$914.42M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.47M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$509.89M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time

Stockholders Equity 35 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	81.26M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	83.81M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$638.14M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$876.50M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$807.08M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$627.21M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$672.43M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$757.07M	USD	Point-in-time
Issuance of common stock upon exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	770,693.00	shares	2 Qtrs
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.78M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.41M	USD	2 Qtrs
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.67M	USD	2 Qtrs
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$5.13M	USD	1 Quarter
Shares withheld related to net share settlement of restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.00K	USD	1 Quarter
Shares withheld related to net share settlement of restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.00K	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$31.70M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$58.38M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$110.73M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$33.97M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$5.73M	USD	2 Qtrs
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$4.43M	USD	2 Qtrs
Repurchases of stock	`StockRepurchasedDuringPeriodValue`	$125.04M	USD	2 Qtrs
Repurchases of stock	`StockRepurchasedDuringPeriodValue`	$125.04M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-29.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-28.16M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.82M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-157.42M	USD	2 Qtrs
Ending balance (in shares)	`CommonStockSharesOutstanding`	81.26M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	83.81M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$638.14M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$876.50M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$807.08M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$627.21M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$672.43M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$757.07M	USD	Point-in-time

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