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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating revenue:    
Transaction fees $ 124,508 $ 72,482
Servicing fees 16,942 5,392
Management fees 3,545 2,215
Other revenue 6,270 956
Total operating revenue 151,265 81,045
Net interest income:    
Total interest income 177,879 113,472
Total interest expense (176,683) (113,280)
Net interest income 1,196 192
Fair value adjustments, loans, notes and certificates (167) (5)
Net interest income and fair value adjustments 1,029 187
Total net revenue 152,294 81,232
Operating expenses:    
Sales and marketing [1] 66,575 34,470
Origination and servicing [1] 19,198 12,201
Engineering and product development [1] 24,198 13,898
Other general and administrative [1] 38,035 26,410
Total operating expenses [1] 148,006 86,979
Income (loss) before income tax expense 4,288 (5,747)
Income tax expense 151 627
Net income (loss) $ 4,137 $ (6,374)
Basic net income (loss) per share attributable to common stockholders ($ per share) $ 0.01 $ (0.02)
Diluted net income (loss) per share attributable to common stockholders ($ per share) $ 0.01 $ (0.02)
Weighted-average shares of common stock used in computing basic net income (loss) per share (shares) 380,266,636 371,959,312
Weighted-average shares of common stock used in computing diluted net income (loss) per share (shares) 392,397,825 371,959,312
[1] Prior period amounts have been reclassified to conform to the current period presentation. See “Note 1 – Basis of Presentation” for additional information.