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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 149,759 $ 232,200
Restricted cash 1,241 2,406
Short-term investments 41,952 122,259
Accounts receivable, net of allowances for credit losses of $3,234 and $2,223 51,738 46,375
Loans held for sale 159,587 199,604
Prepaid expenses 33,296 34,006
Other current assets 7,472 7,449
Total current assets 445,045 776,458
Property and equipment, net 46,431 54,939
Right-of-use assets, net 31,763 40,889
Mortgage servicing rights, at fair value 32,171 36,261
Long-term investments 3,149 29,480
Goodwill 461,349 461,349
Intangible assets, net 123,284 162,272
Other assets, noncurrent 10,456 11,247
Total assets 1,153,648 1,574,204
Current liabilities    
Accounts payable 10,507 11,065
Accrued and other liabilities 90,360 106,763
Warehouse credit facilities 151,964 190,509
Convertible senior notes, net 0 23,431
Lease liabilities 15,609 18,560
Total current liabilities 268,440 354,639
Lease liabilities, noncurrent 29,084 36,906
Convertible senior notes, net, noncurrent 688,737 1,078,157
Term loan 124,416 0
Deferred tax liabilities 264 243
Total liabilities 1,110,941 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 and 40,000 shares issued and outstanding at December 31, 2023 and 2022, respectively 39,959 39,914
Stockholders’ equity    
Common stock—par value $0.001 per share; 500,000,000 shares authorized; 117,372,171 and 109,696,178 shares issued and outstanding at December 31, 2023 and 2022, respectively 117 110
Additional paid-in capital 826,146 757,951
Accumulated other comprehensive loss (182) (801)
Accumulated deficit (823,333) (693,307)
Total stockholders’ equity 2,748 63,953
Total liabilities, mezzanine equity, and stockholders’ equity 1,153,648 1,574,204
Total current assets of discontinued operations 0 132,159
Disposal Group, Including Discontinued Operation, Assets, Noncurrent 0 1,309
Total current liabilities of discontinued operations 0 4,311
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent $ 0 $ 392