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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 201,812 $ 149,759
Restricted cash 756 1,241
Short-term investments 0 41,952
Accounts receivable, net of allowances for credit losses of $4,677 and $3,234 75,522 51,738
Loans held for sale 208,460 159,587
Prepaid expenses 28,002 33,296
Other current assets 9,872 7,472
Total current assets 524,424 445,045
Property and equipment, net 45,303 46,431
Right-of-use assets, net 28,389 31,763
Mortgage servicing rights, at fair value 2,695 32,171
Long-term investments 0 3,149
Goodwill 461,349 461,349
Intangible assets, net 108,832 123,284
Other assets, noncurrent 10,492 10,456
Total assets 1,181,484 1,153,648
Current liabilities    
Accounts payable 11,612 10,507
Accrued and other liabilities 125,082 90,360
Warehouse credit facilities 202,559 151,964
Lease liabilities 14,123 15,609
Total current liabilities 353,376 268,440
Lease liabilities, noncurrent 25,193 29,084
Convertible senior notes, net, noncurrent 571,077 688,737
Deferred tax liabilities 642 264
Term loan 243,961 124,416
Total liabilities 1,194,249 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 June 30, 2024 and December 31, 2023 39,981 39,959
Stockholders’ (deficit) equity    
Common stock—par value $0.001 per share; 500,000,000 shares authorized; 121,743,620 and 117,372,171 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 122 117
Additional paid-in capital 865,263 826,146
Accumulated other comprehensive loss (144) (182)
Accumulated deficit (917,987) (823,333)
Total stockholders’ (deficit) equity (52,746) 2,748
Total liabilities, mezzanine equity, and stockholders’ (deficit) equity $ 1,181,484 $ 1,153,648