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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Interest income $ 80,122 $ 71,361 $ 250,954 $ 188,726
Gain on sales of loans 146 2,670 1,890 12,594
Other revenue 3,398 3,340 10,365 8,168
Gross revenue 83,666 77,371 263,209 209,488
Cost of revenue:        
Provision for loan losses 39,582 36,586 118,495 94,294
Funding costs 11,330 8,452 34,223 22,548
Total cost of revenue 50,912 45,038 152,718 116,842
Net revenue 32,754 32,333 110,491 92,646
Operating expense:        
Sales and marketing 11,903 16,789 42,090 50,094
Technology and analytics 11,748 15,050 41,960 42,894
Processing and servicing 4,160 5,181 13,521 14,261
General and administrative 9,440 12,375 30,917 34,233
Total operating expense 37,251 49,395 128,488 141,482
Loss from operations (4,497) (17,062) (17,997) (48,836)
Other expense:        
Interest expense (35) (111) (706) (186)
Total other expense (35) (111) (706) (186)
Loss before provision for income taxes (4,532) (17,173) (18,703) (49,022)
Provision for income taxes 0 0 0 0
Net loss (4,532) (17,173) (18,703) (49,022)
Net loss attributable to noncontrolling interest 458 539 2,073 1,920
Net loss attributable to On Deck Capital, Inc. common stockholders $ (4,074) $ (16,634) $ (16,630) $ (47,102)
Net loss per share attributable to On Deck Capital, Inc. common shareholders:        
Basic and diluted (in dollars per share) $ (0.06) $ (0.23) $ (0.23) $ (0.67)
Weighted-average common shares outstanding:        
Basic and diluted (in shares) 73,272,085 70,971,895 72,613,221 70,750,037
Comprehensive loss:        
Foreign currency translation adjustment $ 246 $ 210 $ 682 $ 393
Comprehensive loss (4,286) (16,963) (18,021) (48,629)
Comprehensive loss attributable to noncontrolling interests (111) (95) (307) (177)
Net loss attributable to noncontrolling interest 458 539 2,073 1,920
Comprehensive loss attributable to On Deck Capital, Inc. common stockholders $ (3,939) $ (16,519) $ (16,255) $ (46,886)