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v3.24.1.u1

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023
Debt Instrument [Line Items] |  |  |
Total Outstanding | $ 2,929,065 |  | $ 5,259,584
Less: unamortized debt issuance costs, premiums and discounts | (37,748) |  | (26,168)
Total debt | 2,891,317 |  | 5,233,416
Debt discounts issued | 17,300 |  |
Amount not available for general borrowing purposes to secure letter of credit | 6,400 |  | 6,400
Asset Pledged as Collateral |  |  |
Debt Instrument [Line Items] |  |  |
Amount not available for general borrowing purposes to secure letter of credit | 27,200 |  | 27,200
Personal Loan Securitizations |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | 384,246 |  |
Total Outstanding | 125,990 |  | 239,340
Student loan securitizations |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | 152,387 |  |
Total Outstanding | 130,413 |  | 182,744
Secured Debt | Asset Pledged as Collateral |  |  |
Debt Instrument [Line Items] |  |  |
Total Capacity | 151,000 |  |
Unsecured Debt |  |  |
Debt Instrument [Line Items] |  |  |
Total Capacity | $ 50,000 |  |
Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Unused commitment fee percentage | 0.00% |  |
Minimum | Personal Loan Securitizations |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 1.30% |  |
Minimum | Student loan securitizations |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 3.09% |  |
Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Unused commitment fee percentage | 0.65% |  |
Maximum | Personal Loan Securitizations |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 6.21% |  |
Maximum | Student loan securitizations |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 4.21% |  |
Personal loan warehouse facilities | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | $ 354,851 |  |
Total Capacity | 4,625,000 |  |
Total Outstanding | $ 296,921 |  | 1,077,444
Personal loan warehouse facilities | Minimum | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 5.47% |  |
Personal loan warehouse facilities | Maximum | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 7.23% |  |
Student loan warehouse facilities | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | $ 517,928 |  |
Total Capacity | 3,945,000 |  |
Total Outstanding | $ 455,328 |  | 2,095,046
Student loan warehouse facilities | Minimum | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 6.09% |  |
Student loan warehouse facilities | Maximum | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 7.48% |  |
Risk retention warehouse facilities | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | $ 60,787 |  |
Total Capacity | 100,000 |  |
Total Outstanding | $ 59,941 |  | 67,038
Risk retention warehouse facilities | Minimum | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 6.84% |  |
Risk retention warehouse facilities | Maximum | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 8.69% |  |
Revolving credit facility | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Amount not available for general borrowing purposes to secure letter of credit | $ 13,100 |  |
Revolving credit facility | Revolving credit facility |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 6.93% |  |
Total Capacity | $ 645,000 |  |
Total Outstanding | $ 486,000 |  | 486,000
Convertible senior notes due 2026 | Convertible Debt |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 0.00% |  |
Total Outstanding | $ 511,972 |  | 1,111,972
Less: unamortized debt issuance costs, premiums and discounts | (5,700) |  | (13,300)
Interest expense | $ 1,200 | $ 1,300 |
Effective interest rate | 0.92% | 0.42% |
Net carrying amount | $ 506,300 |  | 1,100,000
Convertible senior notes due 2029 | Convertible Debt |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 1.25% |  |
Total Outstanding | $ 862,500 |  | 0
Less: unamortized debt issuance costs, premiums and discounts | (21,500) |  |
Debt discounts issued | 17,300 |  |
Interest expense | $ 1,000 |  |
Effective interest rate | 1.37% |  |
Net carrying amount | $ 841,000 |  |
Other financing | Other Financings |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | 169,929 |  |
Total Capacity | 201,032 |  |
Total Outstanding | 0 |  | $ 0
Other financing | Other Financings | Loans at fair value |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | 54,300 |  |
Other financing | Other Financings | Securities Investment |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | $ 115,700 |  |

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