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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 149,940 $ 239,840
Restricted cash 2,416 2,406
Accounts receivable, net of allowances for credit losses 48,142 54,880
Inventory 10,685 114,273
Loans held for sale 192,622 199,604
Prepaid expenses 33,784 34,506
Other current assets 14,918 8,690
Total current assets 593,038 776,458
Property and equipment, net 52,551 55,105
Right-of-use assets, net 38,932 42,032
Long-term investments 9,572 29,480
Goodwill 461,349 461,349
Intangible assets, net 152,525 162,272
Other assets, noncurrent 11,413 11,247
Total assets 1,354,441 1,574,204
Current liabilities    
Accounts payable 10,154 11,819
Accrued and other liabilities 92,275 109,743
Warehouse credit facilities 185,283 190,509
Convertible senior notes, net 23,468 23,431
Lease liabilities 18,015 19,137
Total current liabilities 329,195 354,639
Lease liabilities, noncurrent 35,757 37,298
Convertible senior notes, net, noncurrent 928,651 1,078,157
Deferred tax liabilities 249 243
Total liabilities 1,293,852 1,470,337
Commitments and contingencies (Note 8)
Series A convertible preferred stock—par value $0.001 per share; 10,000,000 shares authorized; 40,000 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 39,925 39,914
Stockholders’ equity    
Common stock—par value $0.001 per share; 500,000,000 shares authorized; 110,526,884 and 109,696,178 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 110 110
Additional paid-in capital 775,094 757,951
Accumulated other comprehensive loss (435) (801)
Accumulated deficit (754,105) (693,307)
Total stockholders’ equity 20,664 63,953
Total liabilities, mezzanine equity, and stockholders’ equity 1,354,441 1,574,204
Servicing Asset at Fair Value, Amount 35,061 36,261
Short-term investments $ 140,531 $ 122,259