XML 21 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 3,126,237 $ 4,929,452
Restricted cash and restricted cash equivalents 439,322 427,321
Investment securities (includes available-for-sale securities of $3,993,310 and $2,454,453 at fair value with associated amortized cost of $3,993,321 and $2,434,627, as of June 30, 2026 and December 31, 2025, respectively) 4,225,652 2,575,607
Loans held for sale (includes $29.7 billion and $22.7 billion at fair value, as of June 30, 2026 and December 31, 2025, respectively) 29,737,289 22,862,749
Loans held for investment, at fair value 16,920,564 13,657,578
Loans held for investment, at amortized cost (less allowance for credit losses of $56,459 and $50,934, as of June 30, 2026 and December 31, 2025, respectively) 1,275,529 1,516,736
Servicing rights 364,318 378,178
Property, equipment and software 496,712 416,448
Goodwill 1,425,015 1,393,505
Intangible assets 226,528 231,919
Operating lease right-of-use assets 86,149 93,941
Other assets (less allowance for credit losses of $2,557 and $2,998, as of June 30, 2026 and December 31, 2025, respectively) 2,624,233 2,177,044
Total assets 60,947,548 50,660,478
Deposits:    
Interest-bearing deposits 45,416,257 37,387,350
Noninterest-bearing deposits 126,903 118,045
Total deposits 45,543,160 37,505,395
Accounts payable, accruals and other liabilities 923,024 743,716
Operating lease liabilities 104,083 106,190
Debt 3,300,544 1,815,162
Residual interests classified as debt 510 520
Total liabilities 49,871,321 40,170,983
Commitments, guarantees, concentrations and contingencies (Note 15)
Equity:    
Common stock, $0.00 par value: 3,100,000,000 and 3,100,000,000 shares authorized; 1,290,312,404 and 1,270,568,878 shares issued and outstanding, as of June 30, 2026 and December 31, 2025, respectively [1] 128 126
Additional paid-in capital 11,589,035 11,302,668
Accumulated other comprehensive income (loss) (11,981) 10,979
Accumulated deficit (500,955) (824,278)
Total equity 11,076,227 10,489,495
Total liabilities and equity 60,947,548 50,660,478
Variable Interest Entity, Primary Beneficiary    
Assets    
Restricted cash and restricted cash equivalents 2,501 2,099
Loans held for investment, at fair value 57,909 65,796
Total assets 60,410 67,895
Deposits:    
Accounts payable, accruals and other liabilities 86 95
Debt 48,111 54,107
Residual interests classified as debt 510 520
Total liabilities $ 48,707 $ 54,722
[1] Includes 100,000,000 non-voting common shares authorized and no non-voting common shares issued and outstanding as of June 30, 2026 and December 31, 2025. See Note 10. Equity for additional information.