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Balance Sheet Components (Tables) | 6 Months Ended
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Jun. 30, 2025
Other Assets [Abstract] |
Schedule of Other Assets | Other assets consisted of the following:
|  | December 31, 2024 |  | June 30, 2025
Line of credit receivable (at fair value)(1) |  | $ | 56,269 |  |  | $ | 107,456 |
Notes receivable and residual certificates (at fair value)(1)(3) |  | 22,055 |  |  | 54,708 |
Receivables |  | 48,233 |  |  | 44,682 |
Loan servicing assets (at fair value)(1) |  | 27,439 |  |  | 32,443 |
Prepaid expenses |  | 28,830 |  |  | 26,950 |
Other assets |  | 19,321 |  |  | 20,554 |
Intangible assets, net(2) |  | 9,431 |  |  | 8,860 |
Deposits |  | 5,185 |  |  | 4,616 |
Total other assets |  | $ | 216,763 |  |  | $ | 300,269 |
_________ (1)Refer to “Note 5. Fair Value Measurement” for further information. (2)Refer to “Note 6. Goodwill and Intangible Assets” for further information. (3)Refer to “Note 8. Borrowings” for further information on securitization notes pledged as collateral as part of the risk retention financing facility.
Schedule of Property, Equipment, and Software | Property, equipment, and software, net consisted of the following:
|  | December 31, 2024 |  | June 30, 2025
Internally developed software |  | $ | 68,481 |  |  | $ | 84,630 |
Leasehold improvements |  | 15,069 |  |  | 15,138 |
Computer and networking equipment |  | 6,069 |  |  | 6,115 |
Furniture and fixtures |  | 4,795 |  |  | 4,795 |
Total property, equipment, and software |  | 94,414 |  |  | 110,678 |
Accumulated depreciation and amortization |  | (55,401) |  |  | (66,736) |
Total property, equipment, and software, net |  | $ | 39,013 |  |  | $ | 43,942 |
Schedule of Accrued Expenses and Other Liabilities | Accrued expenses and other liabilities consisted of the following:
|  | December 31, 2024 |  | June 30, 2025
Accrued expenses |  | $ | 37,781 |  |  | $ | 40,394 |
Accrued payroll |  | 64,514 |  |  | 34,081 |
Accounts payable |  | 12,381 |  |  | 28,765 |
Beneficial interest liabilities (at fair value) |  | 10,089 |  |  | 10,532 |
Other liabilities |  | 3,241 |  |  | 6,245 |
Trailing fee liability (at fair value) |  | 4,614 |  |  | 4,958 |
Loan servicing liabilities (at fair value) |  | 1,180 |  |  | 1,750 |
Total accrued expenses and other liabilities |  | $ | 133,800 |  |  | $ | 126,725 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
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