XML 21 R3.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Jun. 30, 2021
Assets    
Cash and cash equivalents $ 1,255,171 $ 1,466,558
Restricted cash 295,636 226,074
Securities available for sale at fair value 1,595,373 16,170
Loans held for sale 2,670 13,030
Loans held for investment 2,503,561 2,022,320
Allowance for credit losses (155,392) (117,760)
Loans held for investment, net 2,348,169 1,904,560
Accounts receivable, net 142,052 91,575
Property, equipment and software, net 171,482 62,499
Goodwill 539,534 516,515
Intangible assets 78,942 67,930
Commercial agreement assets 263,196 227,377
Other assets 281,567 274,679
Total Assets 6,973,792 4,866,967
Liabilities:    
Accounts payable 33,072 57,758
Payable to third-party loan owners 71,383 50,079
Accrued interest payable 6,659 2,751
Accrued expenses and other liabilities 237,598 323,577
Convertible senior notes, net 1,706,668 0
Notes issued by securitization trusts 1,627,580 1,176,673
Funding debt 672,577 680,602
Total liabilities 4,355,537 2,291,440
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Additional paid in capital 4,231,303 3,467,236
Accumulated deficit (1,605,902) (898,485)
Accumulated other comprehensive gain (loss) (7,149) 6,773
Total stockholders’ equity 2,618,255 2,575,527
Total Liabilities and Stockholders’ Equity 6,973,792 4,866,967
Class A common stock    
Stockholders’ equity:    
Common stock 2 2
Class B common stock    
Stockholders’ equity:    
Common stock $ 1 $ 1