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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net income $ 25,773 $ 4,750
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property, equipment and internal-use software 15,184 16,432
Amortization of intangible assets 5,200 5,664
Provision for uncollectible overdrawn accounts from purchase transactions 2,864 7,623
Provision for loan losses 11,127 4,788
Stock-based compensation 3,021 8,625
Losses in equity method investments 2,846 2,656
Realized loss on available-for-sale investment securities 24,497 0
Amortization of discount on available-for-sale investment securities (513) (563)
Impairment of long-lived assets 61 2,821
Other (1,499) (808)
Changes in operating assets and liabilities:    
Accounts receivable, net 499 13,193
Prepaid expenses and other assets 1,720 17,033
Deferred expenses 257 142
Accounts payable and other accrued liabilities 11,988 5,786
Deferred revenue (1,695) (928)
Income tax receivable/payable 7,713 2,198
Other, net (322) (235)
Net cash provided by operating activities 108,721 89,177
Investing activities    
Purchases of available-for-sale investment securities (80,741) 0
Proceeds from maturities of available-for-sale securities 54,520 45,776
Proceeds from sales and calls of available-for-sale securities 287 95
Payments for property, equipment and internal-use software (19,418) (14,495)
Net changes in loans (17,631) (39,939)
Investment in TailFin Labs, LLC 0 (35,000)
Proceeds from other investments 0 39,118
Other investing activities (474) (81)
Net cash used in investing activities (63,457) (4,526)
Financing activities    
Borrowings on notes payable 14,860 0
Borrowings on revolving line of credit 0 64,000
Repayments on revolving line of credit 0 (80,000)
Taxes paid related to net share settlement of equity awards (2,429) (1,400)
Net changes in deposits 159,766 451,961
Net changes in settlement assets and obligations to customers (36,586) (86,684)
Deferred financing costs (422) 0
Net cash provided by financing activities 135,189 347,877
Net increase in unrestricted cash, cash equivalents and restricted cash 180,453 432,528
Unrestricted cash, cash equivalents and restricted cash, beginning of period 1,592,435 686,502
Unrestricted cash, cash equivalents and restricted cash, end of period 1,772,888 1,119,030
Cash paid for interest 2,112 3,320
Cash paid for income taxes 3 202
Unrestricted cash and cash equivalents 1,772,845 1,118,804
Restricted cash 43 226
Total unrestricted cash, cash equivalents and restricted cash, end of period $ 1,772,888 $ 1,119,030