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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 107,129 $ 149,759
Restricted cash 1,274 1,241
Short-term investments 0 41,952
Accounts receivable, net of allowances for credit losses of $3,658 and $3,234 54,839 51,738
Loans held for sale 165,487 159,587
Prepaid expenses 37,695 33,296
Other current assets 11,867 7,472
Total current assets 378,291 445,045
Property and equipment, net 46,118 46,431
Right-of-use assets, net 29,476 31,763
Mortgage servicing rights, at fair value 32,328 32,171
Long-term investments 0 3,149
Goodwill 461,349 461,349
Intangible assets, net 113,537 123,284
Other assets, noncurrent 10,008 10,456
Total assets 1,071,107 1,153,648
Current liabilities    
Accounts payable 15,909 10,507
Accrued and other liabilities 97,331 90,360
Warehouse credit facilities 156,588 151,964
Lease liabilities 14,710 15,609
Total current liabilities 284,538 268,440
Lease liabilities, noncurrent 26,730 29,084
Convertible senior notes, net, noncurrent 641,209 688,737
Deferred tax liabilities 287 264
Term loan 124,123 124,416
Total liabilities 1,076,887 1,110,941
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 March 31, 2024 and December 31, 2023 39,970 39,959
Stockholders’ (deficit) equity    
Common stock—par value $0.001 per share; 500,000,000 shares authorized; 119,440,241 and 117,372,171 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 119 117
Additional paid-in capital 844,383 826,146
Accumulated other comprehensive loss (145) (182)
Accumulated deficit (890,107) (823,333)
Total stockholders’ (deficit) equity (45,750) 2,748
Total liabilities, mezzanine equity, and stockholders’ (deficit) equity $ 1,071,107 $ 1,153,648