10-Q Filing

UPSTART HOLDINGS, INC. CIK: 1647639 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001647639-23-000051`
Period End Date	20230930
Filing Date	20231108
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	upst-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 80 Cash Flow Statement 100 Stockholders Equity 38

Balance Sheet 89 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$516.58M	USD	Point-in-time
Cash	`Cash`	$422.41M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$98.45M	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`	$972.34M	USD	Point-in-time
Property, equipment, and software, net	`PropertyPlantAndEquipmentNet`	$48.01M	USD	Point-in-time
Property, equipment, and software, net	`PropertyPlantAndEquipmentNet`	$44.17M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$42.65M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$77.34M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$86.33M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$42.67M	USD	Point-in-time
Accrued expenses and other liabilities at fair value	`AccruedExpensesAndOtherLiabilitiesFairValueDisclosure`	$8.82M	USD	Point-in-time
Accrued expenses and other liabilities at fair value	`AccruedExpensesAndOtherLiabilitiesFairValueDisclosure`	$7.41M	USD	Point-in-time
Beneficial interests (at fair value)	`BeneficialInterestAssetNet`	-	USD	Point-in-time
Beneficial interests (at fair value)	`BeneficialInterestAssetNet`	$36.97M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	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, 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
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
Other assets (includes $42,648 and $42,673 at fair value as of December 31, 2022 and September 30, 2023, respectively)	`OtherAssets`	$143.78M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	85.02M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	81.26M	shares	Point-in-time
Other assets (includes $42,648 and $42,673 at fair value as of December 31, 2022 and September 30, 2023, respectively)	`OtherAssets`	$154.35M	USD	Point-in-time
Total assets	`Assets`	$2.00B	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	81.26M	shares	Point-in-time
Total assets	`Assets`	$1.94B	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	85.02M	shares	Point-in-time
Loans held in consolidated securitization	`LoansHeldInConsolidatedSecuritizationFairValueDisclosure`	$196.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$18.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$7.03M	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$90.78M	USD	Point-in-time
Cash	`Cash`	$516.58M	USD	Point-in-time
Cash	`Cash`	$422.41M	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$51.61M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$98.45M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$986.39M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$1.00B	USD	Point-in-time
Restricted cash	`RestrictedCash`	$110.06M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$1.01B	USD	Point-in-time
Payable to securitization note holders (at fair value)	`PayableToSecuritizationNoteHoldersAtFairValue`	$153.78M	USD	Point-in-time
Payable to securitization note holders (at fair value)	`PayableToSecuritizationNoteHoldersAtFairValue`	-	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$972.34M	USD	Point-in-time
Other assets (includes $2,244 and $10,051 at fair value as of December 31, 2022 and September 30, 2023, respectively)	`OtherAssets`	$143.78M	USD	Point-in-time
Accrued expenses and other liabilities (includes $8,820 and $7,414 at fair value as of December 31, 2022 and September 30, 2023, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$66.95M	USD	Point-in-time
Accrued expenses and other liabilities (includes $8,820 and $7,414 at fair value as of December 31, 2022 and September 30, 2023, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$51.85M	USD	Point-in-time
Other assets (includes $2,244 and $10,051 at fair value as of December 31, 2022 and September 30, 2023, respectively)	`OtherAssets`	$154.35M	USD	Point-in-time
Total assets	`Assets`	$2.00B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$93.35M	USD	Point-in-time
Total assets	`Assets`	$1.94B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$100.79M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.36B	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$90.78M	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$51.61M	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 85,024,889 shares issued and outstanding as of December 31, 2022 and September 30, 2023, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$1.00B	USD	Point-in-time
Common stock, $0.0001 par value; 700,000,000 shares authorized; 81,259,676 and 85,024,889 shares issued and outstanding as of December 31, 2022 and September 30, 2023, respectively	`CommonStockValue`	$9.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$714.87M	USD	Point-in-time
Payable to securitization note holders (at fair value)	`PayableToSecuritizationNoteHoldersAtFairValue`	$153.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$880.93M	USD	Point-in-time
Payable to securitization note holders (at fair value)	`PayableToSecuritizationNoteHoldersAtFairValue`	-	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$66.95M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$51.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-240.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$757.07M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$638.14M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$807.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$640.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.36B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$718.57M	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 stockholders equity	`StockholdersEquity`	$638.14M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.94B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$807.08M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.00B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$640.76M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$718.57M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$672.43M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$146.75M	USD	1 Quarter
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$407.58M	USD	3 Qtrs
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$179.35M	USD	1 Quarter
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$751.67M	USD	3 Qtrs
Interest income	`InterestIncomeOperating`	$66.29M	USD	3 Qtrs
Interest income	`InterestIncomeOperating`	$37.69M	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$22.18M	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$116.92M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.05M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.32M	USD	3 Qtrs
Interest expense	`InterestExpense`	$20.83M	USD	3 Qtrs
Interest expense	`InterestExpense`	$9.41M	USD	1 Quarter
Fair value and other adjustments	`FairValueAndOtherAdjustmentsNet`	$40.48M	USD	1 Quarter
Fair value and other adjustments	`FairValueAndOtherAdjustmentsNet`	$130.43M	USD	3 Qtrs
Fair value and other adjustments	`FairValueAndOtherAdjustmentsNet`	$116.11M	USD	3 Qtrs
Fair value and other adjustments	`FairValueAndOtherAdjustmentsNet`	$41.24M	USD	1 Quarter
Total interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-34.34M	USD	3 Qtrs
Total interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-56.14M	USD	3 Qtrs
Total interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-22.11M	USD	1 Quarter
Total interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-12.20M	USD	1 Quarter
Total revenue	`Revenues`	$157.23M	USD	1 Quarter
Total revenue	`Revenues`	$134.56M	USD	1 Quarter
Total revenue	`Revenues`	$695.53M	USD	3 Qtrs
Total revenue	`Revenues`	$373.25M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$295.02M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$56.36M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$33.04M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$88.37M	USD	3 Qtrs
Customer operations	`CustomerOperationsExpense`	$45.03M	USD	1 Quarter
Customer operations	`CustomerOperationsExpense`	$114.30M	USD	3 Qtrs
Customer operations	`CustomerOperationsExpense`	$36.91M	USD	1 Quarter
Customer operations	`CustomerOperationsExpense`	$144.51M	USD	3 Qtrs
Engineering and product development	`ResearchAndDevelopmentExpense`	$54.94M	USD	1 Quarter
Engineering and product development	`ResearchAndDevelopmentExpense`	$173.22M	USD	3 Qtrs
Engineering and product development	`ResearchAndDevelopmentExpense`	$222.99M	USD	3 Qtrs
Engineering and product development	`ResearchAndDevelopmentExpense`	$66.18M	USD	1 Quarter
General, administrative, and other	`GeneralAndAdministrativeExpense`	$138.15M	USD	3 Qtrs
General, administrative, and other	`GeneralAndAdministrativeExpense`	$156.62M	USD	3 Qtrs
General, administrative, and other	`GeneralAndAdministrativeExpense`	$53.51M	USD	1 Quarter
General, administrative, and other	`GeneralAndAdministrativeExpense`	$47.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$215.32M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$750.90M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$178.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$582.27M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-209.02M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-58.09M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-43.84M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-55.37M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$3.54M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$11.33M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.88M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.02M	USD	3 Qtrs
Net loss before income taxes	`IncomeLossAttributableToParent`	$-53.35M	USD	3 Qtrs
Net loss before income taxes	`IncomeLossAttributableToParent`	$-56.21M	USD	1 Quarter
Net loss before income taxes	`IncomeLossAttributableToParent`	$-197.69M	USD	3 Qtrs
Net loss before income taxes	`IncomeLossAttributableToParent`	$-40.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$44.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$55.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-197.73M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-40.31M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-53.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-56.22M	USD	1 Quarter
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.64	USD	3 Qtrs
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-2.38	USD	3 Qtrs
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.48	USD	1 Quarter
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.69	USD	1 Quarter
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.69	USD	1 Quarter
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-2.38	USD	3 Qtrs
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.48	USD	1 Quarter
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.64	USD	3 Qtrs
Weighted-average number of shares outstanding used in computing net loss per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	83.24M	shares	3 Qtrs
Weighted-average number of shares outstanding used in computing net loss per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	83.16M	shares	3 Qtrs
Weighted-average number of shares outstanding used in computing net loss per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	84.40M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net loss per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	81.67M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net loss per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.67M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net loss per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.24M	shares	3 Qtrs
Weighted-average number of shares outstanding used in computing net loss per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	84.40M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net loss per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.16M	shares	3 Qtrs

Cash Flow Statement 100 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-197.73M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-40.31M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-53.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-56.22M	USD	1 Quarter
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-71.06M	USD	3 Qtrs
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-151.32M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$92.03M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$142.27M	USD	3 Qtrs
Gain on loan servicing arrangement, net	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$23.77M	USD	3 Qtrs
Gain on loan servicing arrangement, net	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$10.43M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.86M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.80M	USD	3 Qtrs
Non-cash interest expense	`PaidInKindInterest`	$2.30M	USD	3 Qtrs
Non-cash interest expense	`PaidInKindInterest`	$2.29M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	-	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$2.26M	USD	3 Qtrs
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$2.08B	USD	3 Qtrs
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$6.98B	USD	3 Qtrs
Proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$6.37B	USD	3 Qtrs
Proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$1.88B	USD	3 Qtrs
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$139.58M	USD	3 Qtrs
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$104.05M	USD	3 Qtrs
Principal payments received for loans held by consolidated securitization	`ProceedsFromSecuritizationsOfLoansHeldForSale`	$12.30M	USD	3 Qtrs
Principal payments received for loans held by consolidated securitization	`ProceedsFromSecuritizationsOfLoansHeldForSale`	-	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-8.72M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-27.00K	USD	3 Qtrs
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$1.56M	USD	3 Qtrs
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$7.70M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$3.45M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-11.70M	USD	3 Qtrs
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$-13.75M	USD	3 Qtrs
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$-44.92M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-25.49M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-13.52M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-421.80M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.78M	USD	3 Qtrs
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$121.29M	USD	3 Qtrs
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$55.29M	USD	3 Qtrs
Proceeds from sale of loans held-for-investment	`ProceedsFromSaleOfLoansHeldForInvestment`	$11.99M	USD	3 Qtrs
Proceeds from sale of loans held-for-investment	`ProceedsFromSaleOfLoansHeldForInvestment`	$774.00K	USD	3 Qtrs
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$27.71M	USD	3 Qtrs
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$78.33M	USD	3 Qtrs
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$3.56M	USD	3 Qtrs
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$5.51M	USD	3 Qtrs
Acquisition of beneficial interests	`AcquisitionOfBeneficialInterests`	$39.51M	USD	3 Qtrs
Acquisition of beneficial interests	`AcquisitionOfBeneficialInterests`	-	USD	3 Qtrs
Purchase of non-marketable equity securities	`PaymentsToAcquireOtherInvestments`	$1.00M	USD	3 Qtrs
Purchase of non-marketable equity securities	`PaymentsToAcquireOtherInvestments`	-	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.28M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.09M	USD	3 Qtrs
Capitalized software costs	`PaymentsForSoftware`	$9.13M	USD	3 Qtrs
Capitalized software costs	`PaymentsForSoftware`	$10.84M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-88.56M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.01M	USD	3 Qtrs
Payments made on securitization notes	`RepaymentsOfAccountsReceivableSecuritization`	-	USD	3 Qtrs
Payments made on securitization notes	`RepaymentsOfAccountsReceivableSecuritization`	$10.02M	USD	3 Qtrs
Proceeds from issuance of securitization notes	`ProceedsFromAccountsReceivableSecuritization`	$165.32M	USD	3 Qtrs
Proceeds from issuance of securitization notes	`ProceedsFromAccountsReceivableSecuritization`	-	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$529.49M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$430.27M	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$209.08M	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$514.79M	USD	3 Qtrs
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$8.43M	USD	3 Qtrs
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$7.66M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$10.73M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.47M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.00K	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.00K	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$150.07M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$187.90M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$89.50M	USD	3 Qtrs
Change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-361.31M	USD	3 Qtrs
Change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$82.56M	USD	3 Qtrs
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$829.93M	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`	$615.03M	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`	$829.93M	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`	$615.03M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$7.95M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$22.48M	USD	3 Qtrs
Cash (received) paid for income taxes, net	`IncomeTaxesPaidNet`	$-982.00K	USD	3 Qtrs
Cash (received) paid for income taxes, net	`IncomeTaxesPaidNet`	$206.00K	USD	3 Qtrs
Securities retained under consolidated securitization transaction	`SecuritiesRetainedUnderConsolidatedSecuritizationTransaction`	$44.76M	USD	3 Qtrs
Securities retained under consolidated securitization transaction	`SecuritiesRetainedUnderConsolidatedSecuritizationTransaction`	-	USD	3 Qtrs
Beneficial interests included in payable to investors	`IssuanceOfBeneficialInterests`	-	USD	3 Qtrs
Beneficial interests included in payable to investors	`IssuanceOfBeneficialInterests`	$5.75M	USD	3 Qtrs
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$5.89M	USD	3 Qtrs
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$4.55M	USD	3 Qtrs
Cash	`Cash`	$516.58M	USD	Point-in-time
Cash	`Cash`	$422.41M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$98.45M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$110.06M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$829.93M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.47M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$615.03M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	81.26M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	85.02M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$757.07M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$638.14M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$807.08M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$640.76M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$718.57M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$672.43M	USD	Point-in-time
Issuance of common stock upon exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	1.06M	shares	3 Qtrs
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.32M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.47M	USD	3 Qtrs
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$10.73M	USD	3 Qtrs
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.80M	USD	1 Quarter
Issuance of common stock upon settlement of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-8.00K	USD	3 Qtrs
Issuance of common stock upon settlement of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-8.00K	USD	1 Quarter
Shares withheld related to net share settlement of restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.00K	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$37.43M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$96.58M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$38.21M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$148.16M	USD	3 Qtrs
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$7.66M	USD	3 Qtrs
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$2.70M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$3.23M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$8.43M	USD	3 Qtrs
Repurchases of stock	`StockRepurchasedDuringPeriodValue`	$25.03M	USD	1 Quarter
Repurchases of stock	`StockRepurchasedDuringPeriodValue`	$150.07M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-197.73M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-40.31M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-53.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-56.22M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	81.26M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	85.02M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$757.07M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$638.14M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$807.08M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$640.76M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$718.57M	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.