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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Net interest income (expense)    
Interest income $ 15,575 $ 26,714
Warehouse interest expense (11,680) (17,059)
Net interest income (expense) 3,895 9,655
Total net revenues 76,820 378,023
Expenses:    
General and administrative expenses 147,214 185,876
Marketing and advertising expenses 22,080 69,008
Technology and product development expenses 83,815 124,308
Restructuring and impairment expenses (see Note 5) 17,459 246,485
Total expenses 368,096 1,236,943
(Loss) Income from operations (291,276) (858,920)
Interest and other income (expense), net    
Other income 13,614 3,556
Change in fair value of warrants (507) 0
Change in fair value of convertible preferred stock warrants 266 28,901
Change in fair value of bifurcated derivative (236,603) 236,603
Total interest and other expense, net (243,146) (17,057)
(Loss) Income before income tax expense (benefit) (534,422) (875,977)
Income tax expense (benefit) 1,998 1,100
Net loss (536,420) (877,077)
Other comprehensive income/(loss):    
Foreign currency translation adjustment, net of tax (291) (1,318)
Comprehensive loss $ (536,711) $ (878,395)
Per share data:    
Loss per share attributable to common stockholders: Basic (in dollars per share) $ (1.16) $ (3.01)
Loss per share attributable to common stockholders: Diluted (in dollars per share) $ (1.16) $ (3.01)
Weighted average common shares outstanding — basic (in shares) 461,684,130 291,302,441
Weighted average common shares outstanding — diluted (in shares) 461,684,130 291,302,441
Non-Funding Debt    
Interest and other income (expense), net    
Interest expense on debt $ (19,916) $ (13,450)
Pre-Closing Bridge Notes    
Interest and other income (expense), net    
Interest expense on debt 0 (272,667)
Mortgage platform revenue, net    
Revenues:    
Revenues 61,328 101,285
Expenses:    
Expenses 84,083 321,621
Cash offer program revenue    
Revenues:    
Revenues 304 228,721
Expenses:    
Expenses 397 230,144
Other platform revenue    
Revenues:    
Revenues 11,293 38,362
Expenses:    
Expenses $ 13,048 $ 59,501