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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Rental revenue $ 49,260   $ 160,075  
Rental revenue   $ 71,671   $ 229,533
Other revenue 1,081 39 3,183 281
Total revenue 50,341 71,710 163,258 229,814
Cost of revenue 38,417 53,351 131,379 162,155
Gross profit 11,924 18,359 31,879 67,659
Operating expenses:        
Servicing costs 1,025 1,141 3,362 3,351
Underwriting fees 419 456 1,330 1,400
Professional and consulting fees 2,697 1,276 8,244 4,134
Technology and data analytics 2,421 2,131 7,286 6,024
Bad debt expense 0 5,936 0 18,849
Compensation costs 6,752 6,475 18,599 23,812
General and administrative 3,276 3,569 10,733 7,255
Total operating expenses 16,590 20,984 49,554 64,825
(Loss) income from operations (4,666) (2,625) (17,675) 2,834
Interest expense and other fees (4,018) (4,176) (11,612) (12,462)
Interest income 223 0 223 0
Change in fair value of warrant liability 381 21,349 5,793 24,160
(Loss) income before income taxes (8,080) 14,548 (23,271) 14,532
Provision for income taxes (73) (808) (173) (805)
Net (loss) income $ (8,153) $ 13,740 $ (23,444) $ 13,727
Net (loss) income per share:        
Basic (in dollars per share) $ (0.08) $ 0.14 $ (0.24) $ 0.23
Diluted (in dollars per share) $ (0.08) $ 0.13 $ (0.24) $ 0.19
Weighted average shares used in computing net (loss) income per share:        
Basic (in shares) 98,398,769 97,082,182 98,158,426 58,826,335
Diluted (in shares) 98,398,769 105,605,479 98,158,426 72,208,593