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ExtraCash Receivables, Net | 9 Months Ended
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Sep. 30, 2025
Receivables [Abstract] |
ExtraCash Receivables, Net | Note 6 ExtraCash Receivables, Net ExtraCash receivables, net, represent outstanding ExtraCash originations, processing fees, tips and overdraft service fees, less an allowance for credit losses. Below is a detail of ExtraCash receivables, net as of September 30, 2025 (in thousands):
Days From Origination |  | Gross ExtraCash Receivables |  |  | Allowance for Credit Losses |  |  | ExtraCash Receivables, Net |
1-10 |  | $ | 201,228 |  |  | $ | (2,755 | ) |  | $ | 198,473 |
11-30 |  |  | 69,761 |  |  |  | (11,187 | ) |  |  | 58,574 |
31-60 |  |  | 15,777 |  |  |  | (9,482 | ) |  |  | 6,295 |
61-90 |  |  | 11,526 |  |  |  | (8,531 | ) |  |  | 2,995 |
91-120 |  |  | 10,219 |  |  |  | (8,262 | ) |  |  | 1,957 |
Total |  | $ | 308,511 |  |  | $ | (40,217 | ) |  | $ | 268,294 |
Below is a detail of ExtraCash receivables, net as of December 31, 2024 (in thousands):
Days From Origination |  | Gross ExtraCash Receivables |  |  | Allowance for Credit Losses |  |  | ExtraCash Receivables, Net |
1-10 |  | $ | 142,623 |  |  | $ | (2,112 | ) |  | $ | 140,511 |
11-30 |  |  | 36,198 |  |  |  | (6,223 | ) |  |  | 29,975 |
31-60 |  |  | 7,882 |  |  |  | (4,937 | ) |  |  | 2,945 |
61-90 |  |  | 6,140 |  |  |  | (4,712 | ) |  |  | 1,428 |
91-120 |  |  | 5,717 |  |  |  | (4,719 | ) |  |  | 998 |
Total |  | $ | 198,560 |  |  | $ | (22,703 | ) |  | $ | 175,857 |
The roll-forward of the allowance for credit losses is as follows (in thousands):
Opening allowance balance at January 1, 2025 |  |  |  | $ | 22,703 |
Plus: provision for credit losses |  |  |  |  | 65,744 |
Plus: amounts recovered |  |  |  |  | 12,206 |
Less: amounts written-off |  |  |  |  | (60,436 | )
Ending allowance balance at September 30, 2025 |  |  |  | $ | 40,217 |
Opening allowance balance at January 1, 2024 |  |  |  | $ | 20,310 |
Plus: provision for credit losses |  |  |  |  | 37,988 |
Plus: amounts recovered |  |  |  |  | 9,467 |
Less: amounts written-off |  |  |  |  | (46,632 | )
Ending allowance balance at September 30, 2024 |  |  |  | $ | 21,133 |
The provision for credit losses for the nine months ended September 30, 2025 increased compared to the period ended September 30, 2024, primarily due to ExtraCash origination volume growth from approximately $3.6 billion to $5.3 billion, driven by strong Member demand and platform expansion. Credit performance evolved as expected with portfolio maturation, reflecting natural seasoning dynamics and the Company's strategic emphasis on maximizing gross profit dollars. Loss rates increased moderately in line with anticipated seasonal patterns and portfolio scaling. The increase in write-offs for the nine months ended September 30, 2025 was similarly driven by higher origination volume and the maturing credit profile of the expanding portfolio.

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