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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net Loss $ (779,383) $ (521,021)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for credit losses 237,377 182,581
Amortization of premiums and discounts on loans, net (103,468) (129,714)
Gain on sales of loans (156,015) (141,153)
Gain on extinguishment of debt (89,841) 0
Changes in fair value of assets and liabilities (10,017) (38,821)
Amortization of commercial agreement assets 64,202 72,804
Amortization of debt issuance costs 13,198 13,215
Amortization of discount on securities available for sale (23,711) 968
Commercial agreement warrant expense 330,718 157,023
Stock-based compensation 348,372 280,113
Depreciation and amortization 91,355 35,607
Other 294 (5,725)
Change in operating assets and liabilities:    
Purchases of loans held for sale (4,719,789) (3,869,327)
Proceeds from the sale of loans held for sale 4,838,250 3,868,919
Accounts receivable, net (1,784) (42,467)
Other assets (3,292) 28,018
Accounts payable (3,618) (8,773)
Payable to third-party loan owners (27,196) (14,117)
Accrued interest payable 8,028 240
Accrued expenses and other liabilities (45,288) 28,545
Net Cash Used in Operating Activities (31,608) (103,085)
Cash Flows from Investing Activities    
Purchases and origination of loans held for investment (9,622,289) (7,529,324)
Proceeds from the sale of loans held for investment 1,093,894 1,330,341
Principal repayments and other loan servicing activity 7,199,568 5,867,583
Acquisition, net of cash and restricted cash acquired (16,051) (5,999)
Additions to property, equipment and software (95,917) (59,254)
Purchases of securities available for sale (566,261) (770,047)
Proceeds from maturities and repayments of securities available for sale 1,127,785 191,854
Other investing cash inflows (outflows) 3,375 (10,775)
Net Cash Used in Investing Activities (875,896) (985,621)
Cash Flows from Financing Activities    
Proceeds from issuance of convertible debt, net 0 1,704,300
Extinguishment of convertible debt (206,567) 0
Proceeds from funding debt 5,048,803 2,776,245
Payment of debt issuance costs (17,407) (8,154)
Principal repayments of funding debt (4,195,110) (2,572,876)
Proceeds from issuance of notes and residual trust certificates by securitization trusts 750,000 499,494
Principal repayments of notes issued by securitization trusts (584,634) (233,723)
Proceeds from exercise of common stock options and warrants and contributions to ESPP 8,909 67,740
Repurchases of common stock (109) (84)
Payments of tax withholding for stock-based compensation (63,489) (166,942)
Net Cash Provided by Financing Activities 740,396 2,066,000
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2,207) 5,639
Net Increase in Cash, Cash Equivalents and Restricted Cash (169,315) 982,933
Cash, Cash equivalents and Restricted cash, Beginning of period 1,550,807 1,692,632
Cash, Cash Equivalents and Restricted Cash, End of Period 1,381,492 2,675,565
Reconciliation to amounts on consolidated balance sheets (as of period end)    
Cash and cash equivalents 972,477 2,261,937
Restricted cash 409,015 413,628
Total Cash, Cash Equivalents and Restricted Cash 1,381,492 2,675,565
Supplemental Disclosures of Cash Flow Information    
Cash payments for interest expense 104,923 34,325
Cash paid for operating leases 8,328 11,989
Cash paid for income taxes 378 99
Supplemental Disclosures of Non-Cash Investing and Financing Activities    
Stock-based compensation included in capitalized internal-use software 62,760 39,691
Issuance of common stock in connection with acquisition 0 10,000
Additions to property and equipment included in accrued expenses 0 107
Securities retained under unconsolidated securitization transactions 0 22,067
Right of use assets obtained in exchange for operating lease liabilities $ 494 $ 3,421