CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 99,827	$ 211,101
Restricted cash	16,788	24,416
Short-term investments	103,607	53,774
Mortgage loans held for sale, at fair value	466,681	399,241
Loans held for investment (net of allowance for credit losses of $2,251 and $1,667 as of December 31, 2025 and 2024, respectively)	723,333	111,477
Other receivables, net	14,808	17,549
Assets held for sale	8,687	10,411
Property and equipment, net	1,943	2,717
Right-of-use assets	4,678	1,387
Internal use software and other intangible assets, net	21,985	20,936
Goodwill	10,995	23,615
Derivative assets, at fair value	4,210	2,539
Prepaid expenses and other assets	27,892	33,894
Total Assets	1,505,434	913,057
Liabilities
Warehouse lines of credit	411,862	244,070
Convertible note	0	519,749
Senior notes	198,802	0
Customer deposits	762,984	134,130
Liabilities held for sale	4,802	6,116
Accounts payable and accrued expenses (includes $200 and $74 payable to related parties as of December 31, 2025 and 2024, respectively)	74,560	48,134
Escrow payable and other customer accounts	172	74
Derivative liabilities, at fair value	2,431	0
Warrant and equity related liabilities, at fair value	1,476	1,407
Lease liabilities	4,629	4,081
Other liabilities	6,533	13,466
Total Liabilities	1,468,251	971,227
Commitments and contingencies
Stockholders’ Equity/(Deficit)
Common stock $0.0001 par value; 66,000,000 and 66,000,000 shares authorized as of December 31, 2025 and 2024, respectively, and 15,996,907 and 15,168,795 shares issued and outstanding as of December 31, 2025 and 2024, respectively	2	2
Notes receivable from stockholders	0	(9,158)
Additional paid-in capital	2,109,762	1,863,288
Accumulated deficit	(2,076,238)	(1,910,366)
Accumulated other comprehensive gain/(loss)	3,657	(1,936)
Total Stockholders’ Equity/(Deficit)	37,183	(58,170)
Total Liabilities and Stockholders’ Equity/(Deficit)	$ 1,505,434	$ 913,057