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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 125,803 $ 232,200
Restricted cash 1,414 2,406
Short-term investments 41,752 122,259
Accounts receivable, net of allowances for credit losses of $2,529 and $2,223 55,118 46,375
Loans held for sale 137,680 199,604
Prepaid expenses 26,248 34,006
Other current assets 8,811 7,449
Current assets of discontinued operations 0 132,159
Total current assets 396,826 776,458
Property and equipment, net 48,405 54,939
Right-of-use assets, net 35,150 40,889
Mortgage servicing rights, at fair value 34,773 36,261
Long-term investments 5,474 29,480
Goodwill 461,349 461,349
Intangible assets, net 133,031 162,272
Other assets, noncurrent 10,857 11,247
Noncurrent assets of discontinued operations 0 1,309
Total assets 1,125,865 1,574,204
Current liabilities    
Accounts payable 11,996 11,065
Accrued and other liabilities 88,191 106,763
Warehouse credit facilities 132,320 190,509
Convertible senior notes, net 0 23,431
Lease liabilities 16,317 18,560
Current liabilities of discontinued operations 0 4,311
Total current liabilities 248,824 354,639
Lease liabilities, noncurrent 31,416 36,906
Convertible senior notes, net, noncurrent 799,665 1,078,157
Deferred tax liabilities 260 243
Noncurrent liabilities of discontinued operations 0 392
Total liabilities 1,080,165 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 September 30, 2023 and December 31, 2022, respectively 39,947 39,914
Stockholders’ equity    
Common stock—par value $0.001 per share; 500,000,000 shares authorized; 115,210,998 and 109,696,178 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 115 110
Additional paid-in capital 806,330 757,951
Accumulated other comprehensive loss (257) (801)
Accumulated deficit (800,435) (693,307)
Total stockholders’ equity 5,753 63,953
Total liabilities, mezzanine equity, and stockholders’ equity $ 1,125,865 $ 1,574,204