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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Interest income $ 71,361 $ 48,624 $ 188,726 $ 147,571
Gain on sales of loans 2,670 16,789 12,594 35,178
Other revenue 3,340 1,985 8,168 4,418
Gross revenue 77,371 67,398 209,488 187,167
Cost of revenue:        
Provision for loan losses 36,586 16,239 94,294 54,865
Funding costs 8,452 5,126 22,548 14,941
Total cost of revenue 45,038 21,365 116,842 69,806
Net revenue 32,333 46,033 92,646 117,361
Operating expense:        
Sales and marketing 16,789 15,847 50,094 43,503
Technology and analytics 15,050 11,111 42,894 29,904
Processing and servicing 5,181 3,352 14,261 9,070
General and administrative 12,375 12,146 34,233 31,722
Total operating expense 49,395 42,456 141,482 114,199
Income (loss) from operations (17,062) 3,577 (48,836) 3,162
Other expense:        
Interest expense (111) (70) (186) (250)
Total other expense (111) (70) (186) (250)
Income (loss) before provision for income taxes (17,173) 3,507 (49,022) 2,912
Provision for income taxes 0 0 0 0
Net income (loss) (17,173) 3,507 (49,022) 2,912
Net loss attributable to noncontrolling interests 539 226 1,920 458
Net income (loss) attributable to On Deck Capital, Inc. common stockholders $ (16,634) $ 3,733 $ (47,102) $ 3,370
Net income (loss) per share attributable to On Deck Capital, Inc. common stockholders:        
Basic (USD per share) $ (0.23) $ 0.05 $ (0.67) $ 0.05
Diluted (USD per share) $ (0.23) $ 0.05 $ (0.67) $ 0.04
Weighted-average common shares outstanding:        
Basic (in shares) 70,971,895 69,678,742 70,750,037 69,472,636
Diluted (in shares) 70,971,895 75,125,740 70,750,037 75,414,348
Comprehensive income (loss):        
Net income (loss) $ (17,173) $ 3,507 $ (49,022) $ 2,912
Other comprehensive income (loss):        
Foreign currency translation adjustment 210 (1,215) 393 (1,215)
Comprehensive income (loss): (16,963) 2,292 (48,629) 1,697
Comprehensive income (loss) attributable to noncontrolling interests (95) 546 (177) 546
Net loss attributable to noncontrolling interests 539 226 1,920 458
Comprehensive income (loss) attributable to On Deck Capital, Inc. common stockholders $ (16,519) $ 3,064 $ (46,886) $ 2,701