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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 118,776 $ 232,200
Restricted cash 2,377 2,406
Short-term investments 100,643 122,259
Accounts receivable, net of allowances for credit losses of $2,206 and $2,223 67,753 46,375
Loans held for sale 233,550 199,604
Prepaid expenses 26,042 34,006
Other current assets 9,979 7,449
Current assets of discontinued operations 1,378 132,159
Total current assets 560,498 776,458
Property and equipment, net 49,241 54,939
Right-of-use assets, net 37,270 40,889
Mortgage servicing rights, at fair value 35,503 36,261
Long-term investments 5,473 29,480
Goodwill 461,349 461,349
Intangible assets, net 142,778 162,272
Other assets, noncurrent 11,493 11,247
Noncurrent assets of discontinued operations 0 1,309
Total assets 1,303,605 1,574,204
Current liabilities    
Accounts payable 14,661 11,065
Accrued and other liabilities 102,568 106,763
Warehouse credit facilities 227,801 190,509
Convertible senior notes, net 23,506 23,431
Lease liabilities 16,234 18,560
Current liabilities of discontinued operations 44 4,311
Total current liabilities 384,814 354,639
Lease liabilities, noncurrent 34,383 36,906
Convertible senior notes, net, noncurrent 834,716 1,078,157
Deferred tax liabilities 255 243
Noncurrent liabilities of discontinued operations 0 392
Total liabilities 1,254,168 1,470,337
Commitments and contingencies (Note 7)
Series A convertible preferred stock—par value $0.001 per share; 10,000,000 shares authorized; 40,000 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 39,936 39,914
Stockholders’ equity    
Common stock—par value $0.001 per share; 500,000,000 shares authorized; 113,934,673 and 109,696,178 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 114 110
Additional paid-in capital 791,302 757,951
Accumulated other comprehensive loss (452) (801)
Accumulated deficit (781,463) (693,307)
Total stockholders’ equity 9,501 63,953
Total liabilities, mezzanine equity, and stockholders’ equity $ 1,303,605 $ 1,574,204