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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Interest and finance income $ 105,641 $ 92,209 $ 211,440 $ 178,438
Other revenue 4,605 3,247 8,781 7,158
Gross revenue 110,246 95,456 220,221 185,596
Cost of revenue:        
Provision for credit losses 42,951 33,293 86,242 69,586
Interest expense 11,381 12,245 22,713 24,117
Total cost of revenue 54,332 45,538 108,955 93,703
Net revenue 55,914 49,918 111,266 91,893
Operating expense:        
Sales and marketing 13,307 11,432 25,267 22,030
Technology and analytics 16,681 12,799 33,487 23,806
Processing and servicing 5,609 5,041 11,098 10,262
General and administrative 16,353 16,034 30,382 33,759
Total operating expense 51,950 45,306 100,234 89,857
Income (loss) from operations, before provision for income taxes 3,964 4,612 11,032 2,036
Provision for income taxes 1,796 0 3,536 0
Net income (loss) 2,168 4,612 7,496 2,036
Less: Net income (loss) attributable to noncontrolling interest (2,127) (1,016) (2,465) (1,535)
Net income (loss) attributable to On Deck Capital, Inc. common stockholders $ 4,295 $ 5,628 $ 9,961 $ 3,571
Net income (loss) per share attributable to On Deck Capital, Inc. common stockholders:        
Basic (in dollars per share) $ 0.06 $ 0.08 $ 0.13 $ 0.05
Diluted (in dollars per share) $ 0.05 $ 0.07 $ 0.13 $ 0.05
Weighted-average common shares outstanding:        
Basic (in shares) 76,137,751 74,385,446 75,840,604 74,182,929
Diluted (in shares) 78,901,601 78,288,267 79,013,757 77,786,748
Comprehensive income (loss):        
Net Income (loss) $ 2,168 $ 4,612 $ 7,496 $ 2,036
Unrealized (loss) on derivative instrument (124) 0 (866) 0
Foreign currency translation adjustment 405 (395) 771 (508)
Comprehensive income (loss) 2,449 4,217 7,401 1,528
Less: Comprehensive income (loss) attributable to noncontrolling interests (58) (179) (32) (229)
Less: Net income (loss) attributable to noncontrolling interest (2,127) (1,016) (2,465) (1,535)
Comprehensive income (loss) attributable to On Deck Capital, Inc. common stockholders $ 4,634 $ 5,412 $ 9,898 $ 3,292