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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Assets    
Cash and cash equivalents $ 892,027 $ 1,255,171
Restricted cash 367,917 295,636
Securities available for sale at fair value 1,174,653 1,595,373
Loans held for sale 76 2,670
Loans held for investment 4,402,962 2,503,561
Allowance for credit losses (204,531) (155,392)
Loans held for investment, net 4,198,431 2,348,169
Accounts receivable, net 199,085 142,052
Property, equipment and software, net 290,135 171,482
Goodwill 542,571 539,534
Intangible assets 34,434 78,942
Commercial agreement assets 177,672 263,196
Other assets 278,614 281,567
Total assets 8,155,615 6,973,792
Liabilities:    
Accounts payable 28,602 33,072
Payable to third-party loan owners 53,852 71,383
Accrued interest payable 13,498 6,659
Accrued expenses and other liabilities 180,883 237,598
Convertible senior notes, net 1,414,208 1,706,668
Notes issued by securitization trusts 2,165,577 1,627,580
Funding debt 1,764,812 672,577
Total liabilities 5,621,432 4,355,537
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Additional paid in capital 5,140,850 4,231,303
Accumulated deficit (2,591,247) (1,605,902)
Accumulated other comprehensive loss (15,423) (7,149)
Total stockholders’ equity 2,534,183 2,618,255
Total liabilities and stockholders’ equity 8,155,615 6,973,792
Class A common stock    
Stockholders’ equity:    
Common stock 2 2
Class B common stock    
Stockholders’ equity:    
Common stock $ 1 $ 1