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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue:    
Interest income $ 87,111 $ 53,479
Gain on sales of loans 1,484 7,111
Other revenue 4,297 2,025
Gross revenue 92,892 62,615
Cost of revenue:    
Provision for loan losses 46,180 25,437
Funding costs 11,277 5,722
Total cost of revenue 57,457 31,159
Net revenue 35,435 31,456
Operating expense:    
Sales and marketing 14,819 16,548
Technology and analytics 15,443 14,087
Processing and servicing 4,535 4,215
General and administrative 11,887 9,709
Total operating expense 46,684 44,559
Loss from operations (11,249) (13,103)
Other expense:    
Interest expense (353) (38)
Total other expense (353) (38)
Loss before provision for income taxes (11,602) (13,141)
Provision for income taxes 0 0
Net loss (11,602) (13,141)
Less: net loss attributable to noncontrolling interest 544 568
Net loss attributable to On Deck Capital, Inc. common stockholders $ (11,058) $ (12,573)
Net loss per share attributable to On Deck Capital, Inc. common shareholders:    
Basic and diluted (in dollars per share) $ (0.15) $ (0.18)
Weighted-average common shares outstanding:    
Basic and diluted (in shares) 71,854,287 70,366,877
Comprehensive loss:    
Foreign currency translation adjustment $ 400 $ 519
Comprehensive loss (11,202) (12,622)
Comprehensive loss attributable to noncontrolling interests (180) (232)
Net loss attributable to noncontrolling interest 544 568
Comprehensive loss attributable to On Deck Capital, Inc. common stockholders $ (10,838) $ (12,286)