UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 73,893	$ 211,101
Restricted cash	12,551	24,416
Short-term investments	131,902	53,774
Mortgage loans held for sale, at fair value	413,998	399,241
Loans held for investment (net of allowance for credit losses of $2,323 and $1,667 as of September 30, 2025 and December 31, 2024, respectively)	623,396	111,477
Other receivables, net	32,878	17,549
Assets held for sale	7,696	10,411
Property and equipment, net	1,850	2,717
Right-of-use assets	4,671	1,387
Internal use software and other intangible assets, net	21,520	20,936
Goodwill	24,513	23,615
Derivative assets, at fair value	5,290	2,539
Prepaid expenses and other assets	29,976	33,894
Total Assets	1,384,134	913,057
Liabilities
Warehouse lines of credit	349,771	244,070
Convertible notes	0	519,749
Senior notes	198,802	0
Customer deposits	694,815	134,130
Liabilities held for sale	5,171	6,116
Accounts payable and accrued expenses (includes $131 and $74 payable to related parties as of September 30, 2025 and December 31, 2024, respectively)	74,267	48,134
Escrow payable and other customer accounts	410	74
Warrant and equity related liabilities, at fair value	7,329	1,407
Lease liabilities	5,125	4,081
Other liabilities	6,532	13,466
Total Liabilities	1,342,222	971,227
Commitments and contingencies
Stockholders’ Equity/(Deficit)
Common stock $0.0001 par value; 66,000,000 shares authorized as of September 30, 2025 and December 31, 2024, and 15,375,949 and 15,168,795 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	2	2
Notes receivable from stockholders	(9,160)	(9,158)
Additional paid-in capital	2,083,521	1,863,288
Accumulated deficit	(2,036,318)	(1,910,366)
Accumulated other comprehensive income/(loss)	3,867	(1,936)
Total stockholders’ equity/(deficit)	41,912	(58,170)
Total Liabilities and Stockholders’ Equity/(Deficit)	$ 1,384,134	$ 913,057