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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue:        
Interest income $ 92,371 $ 83,721 $ 178,740 $ 170,832
Gain on sales of loans 0 260 0 1,744
Other revenue 3,247 2,670 7,158 6,967
Gross revenue 95,618 86,651 185,898 179,543
Cost of revenue:        
Provision for loan losses 33,293 32,733 69,586 78,913
Funding costs 12,202 11,616 24,023 22,893
Total cost of revenue 45,495 44,349 93,609 101,806
Net revenue 50,123 42,302 92,289 77,737
Operating expense:        
Sales and marketing 11,432 15,368 22,030 30,187
Technology and analytics 12,799 14,769 23,806 30,212
Processing and servicing 5,041 4,826 10,262 9,361
General and administrative 16,034 9,590 33,759 21,477
Total operating expense 45,306 44,553 89,857 91,237
Income (loss) from operations 4,817 (2,251) 2,432 (13,500)
Other expense:        
Interest expense 43 318 94 671
Total other expense 43 318 94 671
Income (loss) before provision for income taxes 4,774 (2,569) 2,338 (14,171)
Provision for income taxes 0 0 0 0
Net income (loss) 4,774 (2,569) 2,338 (14,171)
Less: Net income (loss) attributable to noncontrolling interest (1,016) (1,071) (1,535) (1,615)
Net income (loss) attributable to On Deck Capital, Inc. common stockholders $ 5,790 $ (1,498) $ 3,873 $ (12,556)
Net income (loss) per share attributable to On Deck Capital, Inc. common shareholders:        
Basic (in dollars per share) $ 0.08 $ (0.02) $ 0.05 $ (0.17)
Diluted (in dollars per share) $ 0.07 $ (0.02) $ 0.05 $ (0.17)
Weighted-average common shares outstanding:        
Basic (in shares) 74,385,446 72,688,815 74,182,929 72,276,734
Diluted (in shares) 78,288,267 72,688,815 77,786,748 72,276,734
Comprehensive income (loss):        
Net income (loss) $ 4,774 $ (2,569) $ 2,338 $ (14,171)
Foreign currency translation adjustment (396) 36 (509) 436
Comprehensive income (loss) 4,378 (2,533) 1,829 (13,735)
Less: Comprehensive income (loss) attributable to noncontrolling interests (178) 16 (229) 196
Less: Net income (loss) attributable to noncontrolling interest (1,016) (1,071) (1,535) (1,615)
Comprehensive income (loss) attributable to On Deck Capital, Inc. common stockholders $ 5,572 $ (1,478) $ 3,593 $ (12,316)