SoFi (SOFI) 10-Q8 Aug 232023 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2023	Jul. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-39606
Entity Registrant Name	SoFi Technologies, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	98-1547291
Entity Address, Address Line One	234 1st Street
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94105
City Area Code	855
Local Phone Number	456-7634
Title of 12(b) Security	Common stock, $0.0001 par value per share
Trading Symbol	SOFI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Smaller Reporting Company	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		950,114,369
Entity Central Index Key	0001818874
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents		$ 3,015,652	$ 1,421,907
Restricted cash and restricted cash equivalents		485,476	424,395
Investment securities (includes available-for-sale securities of $382,782 and $195,438 at fair value with associated amortized cost of $387,815 and $203,418, as of June 30, 2023 and December 31, 2022, respectively)		548,232	396,769
Loans held for sale, at fair value		18,213,667	13,557,074
Loans held for investment (less allowance for credit losses on loans at amortized cost of $41,227 and $40,788, as of June 30, 2023 and December 31, 2022, respectively)		347,551	307,957
Servicing rights		145,663	149,854
Property, equipment and software		191,352	170,104
Goodwill		1,640,679	1,622,991
Intangible assets		412,099	442,155
Operating lease right-of-use assets		94,523	97,135
Other assets (less allowance for credit losses of $1,937 and $2,785, as of June 30, 2023 and December 31, 2022, respectively)		466,555	417,334
Total assets		25,561,449	19,007,675
Deposits:
Interest-bearing deposits		12,672,392	7,265,792
Noninterest-bearing deposits		67,681	76,504
Total deposits		12,740,073	7,342,296
Accounts payable, accruals and other liabilities		632,459	516,215
Operating lease liabilities		115,224	117,758
Debt		6,484,326	5,485,882
Residual interests classified as debt		11,332	17,048
Total liabilities		19,983,414	13,479,199
Commitments, guarantees, concentrations and contingencies (Note 15)
Temporary equity:
Redeemable preferred stock, $0.00 par value: 100,000,000 and 100,000,000 shares authorized; 3,234,000 and 3,234,000 shares issued and outstanding, as of June 30, 2023 and December 31, 2022, respectively	[1]	320,374	320,374
Permanent equity:
Common stock	[2]	94	93
Additional paid-in capital		6,848,178	6,719,826
Accumulated other comprehensive loss		(5,119)	(8,296)
Accumulated deficit		(1,585,492)	(1,503,521)
Total permanent equity		5,257,661	5,208,102
Total liabilities, temporary equity and permanent equity		25,561,449	19,007,675
Restricted cash and restricted cash equivalents		485,476	424,395
Loans held for sale, at fair value		18,213,667	13,557,074
Total assets		25,561,449	19,007,675
Accounts payable, accruals and other liabilities		632,459	516,215
Debt		6,484,326	5,485,882
Residual interests classified as debt		11,332	17,048
Total liabilities		19,983,414	13,479,199
Variable Interest Entity, Primary Beneficiary
Assets
Restricted cash and restricted cash equivalents		75,932	68,151
Loans held for sale, at fair value		1,065,741	931,701
Total assets		1,141,673	999,852
Deposits:
Accounts payable, accruals and other liabilities		1,111	3,053
Debt		803,285	771,454
Residual interests classified as debt		11,332	17,048
Total liabilities		815,728	791,555
Restricted cash and restricted cash equivalents		75,932	68,151
Loans held for sale, at fair value		1,065,741	931,701
Total assets		1,141,673	999,852
Accounts payable, accruals and other liabilities		1,111	3,053
Debt		803,285	771,454
Residual interests classified as debt		11,332	17,048
Total liabilities		$ 815,728	$ 791,555

[1]Redemption amount is $323,400 as of June 30, 2023 and December 31, 2022.[2] Includes 100,000,000 non-voting common shares authorized and no non-voting common shares issued and outstanding as of June 30, 2023 and December 31, 2022. See Note 10. Equity for additional information.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Investments in available-for-sale securities, fair value	$ 382,782	$ 195,438
Investments in available-for-sale securities, amortized cost	387,815	203,418
Loans held for investment, allowance for credit loss	41,227	40,788
Other assets, allowance for credit loss	$ 1,937	$ 2,785
Redeemable preferred stock, par value (in dollars per share)	$ 0	$ 0
Redeemable preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Redeemable preferred stock, shares issued (in shares)	3,234,000	3,234,000
Redeemable preferred stock, shares outstanding (in shares)	3,234,000	3,234,000
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	3,100,000,000	3,100,000,000
Common stock, shares issued (in shares)	948,912,761	933,896,120
Common stock, shares outstanding (in shares)	948,912,761	933,896,120
Redemption amount	$ 323,400	$ 323,400
Non-Voting Common Stock
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	0	0
Common stock, shares outstanding (in shares)	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest income
Loans	$ 442,187	$ 145,337	$ 799,529	$ 259,722
Securitizations	2,659	2,567	5,713	5,325
Other	25,150	1,608	36,318	2,877
Total interest income	469,996	149,512	841,560	267,924
Interest expense
Securitizations and warehouses	63,060	18,599	117,384	38,505
Deposits	106,529	4,543	179,645	4,974
Corporate borrowings	9,167	3,450	17,167	6,099
Other	114	191	228	684
Total interest expense	178,870	26,783	314,424	50,262
Net interest income	291,126	122,729	527,136	217,662
Noninterest income
Loan origination and sales	103,064	144,414	229,575	302,118
Securitizations	(12,900)	(11,737)	(16,077)	(23,018)
Servicing	9,052	10,471	21,794	22,707
Technology products and solutions	82,289	81,670	155,090	141,527
Other	25,387	14,980	52,658	31,875
Total noninterest income	206,892	239,798	443,040	475,209
Total net revenue (loss)	498,018	362,527	970,176	692,871
Noninterest expense
Technology and product development	126,845	99,366	243,904	181,274
Sales and marketing	182,822	143,854	357,976	281,992
Cost of operations	93,885	79,091	177,793	149,528
General and administrative	131,180	125,829	254,869	262,334
Provision for credit losses	12,615	10,103	21,022	23,064
Total noninterest expense	547,347	458,243	1,055,564	898,192
Loss before income taxes	(49,329)	(95,716)	(85,388)	(205,321)
Income tax benefit (expense)	1,780	(119)	3,417	(871)
Net loss	(47,549)	(95,835)	(81,971)	(206,192)
Other comprehensive income (loss)
Unrealized gains (losses) on available-for-sale securities, net	830	(1,991)	3,078	(6,446)
Foreign currency translation adjustments, net	392	(56)	99	(94)
Total other comprehensive income (loss)	1,222	(2,047)	3,177	(6,540)
Comprehensive loss	$ (46,327)	$ (97,882)	$ (78,794)	$ (212,732)
#REF!
Loss per share - basic (in dollars per share)	$ (0.06)	$ (0.12)	$ (0.11)	$ (0.26)
Loss per share - diluted (in dollars per share)	$ (0.06)	$ (0.12)	$ (0.11)	$ (0.26)
Weighted average common stock outstanding - basic (in shares)	936,569,420	910,046,750	932,926,222	881,608,165
Weighted average common stock outstanding - diluted (in shares)	936,569,420	910,046,750	932,926,222	881,608,165

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Temporary Equity and Permanent Equity - USD ($) $ in Thousands		Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2021			828,154,462
Beginning balance at Dec. 31, 2021		$ 4,377,329	$ 83	$ 5,561,831	$ (1,471)	$ (1,183,114)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense		167,519		167,519
Vesting of RSUs (in shares)			11,312,098
Vesting of RSUs		0	$ 1	(1)
Stock withheld related to taxes on vested RSUs (in shares)			(662,462)
Stock withheld related to taxes on vested RSUs		(5,846)		(5,846)
Exercise of common stock options (in shares)			1,442,890
Exercise of common stock options		2,060		2,060
Issuance of common stock in acquisition (in shares)			81,856,112
Issuance of common stock in acquisition		875,042	$ 8	875,034
Vested awards assumed in acquisition		2,855		2,855
Redeemable preferred stock dividends		(20,047)		(20,047)
Net loss		(206,192)				(206,192)
Other comprehensive income (loss), net		(6,540)			(6,540)
Ending balance (in shares) at Jun. 30, 2022			922,103,100
Ending balance at Jun. 30, 2022		$ 5,186,180	$ 92	6,583,405	(8,011)	(1,389,306)
Temporary equity, beginning balance (in shares) at Dec. 31, 2021		3,234,000
Temporary equity, beginning balance at Dec. 31, 2021		$ 320,374
Temporary equity, ending balance (in shares) at Jun. 30, 2022		3,234,000
Temporary equity, ending balance at Jun. 30, 2022		$ 320,374
Beginning balance (in shares) at Mar. 31, 2022			915,673,855
Beginning balance at Mar. 31, 2022		5,210,299	$ 91	6,509,643	(5,964)	(1,293,471)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense		85,902		85,902
Vesting of RSUs (in shares)			6,360,894
Vesting of RSUs		0	$ 1	(1)
Stock withheld related to taxes on vested RSUs (in shares)			(318,764)
Stock withheld related to taxes on vested RSUs		(2,253)		(2,253)
Exercise of common stock options (in shares)			387,115
Exercise of common stock options		193		193
Redeemable preferred stock dividends		(10,079)		(10,079)
Net loss		(95,835)				(95,835)
Other comprehensive income (loss), net		(2,047)			(2,047)
Ending balance (in shares) at Jun. 30, 2022			922,103,100
Ending balance at Jun. 30, 2022		$ 5,186,180	$ 92	6,583,405	(8,011)	(1,389,306)
Temporary equity, beginning balance (in shares) at Mar. 31, 2022		3,234,000
Temporary equity, beginning balance at Mar. 31, 2022		$ 320,374
Temporary equity, ending balance (in shares) at Jun. 30, 2022		3,234,000
Temporary equity, ending balance at Jun. 30, 2022		$ 320,374
Beginning balance (in shares) at Dec. 31, 2022		933,896,120	933,896,120
Beginning balance at Dec. 31, 2022		$ 5,208,102	$ 93	6,719,826	(8,296)	(1,503,521)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense		154,861		154,861
Vesting of RSUs (in shares)			15,699,311
Vesting of RSUs		0	$ 1	(1)
Stock withheld related to taxes on vested RSUs (in shares)			(926,688)
Stock withheld related to taxes on vested RSUs		$ (7,046)		(7,046)
Exercise of common stock options (in shares)		252,311	252,311
Exercise of common stock options		$ 585		585
Common stock retired (in shares)			(8,293)
Redeemable preferred stock dividends		(20,047)		(20,047)
Net loss		(81,971)				(81,971)
Other comprehensive income (loss), net		$ 3,177			3,177
Ending balance (in shares) at Jun. 30, 2023		948,912,761	948,912,761
Ending balance at Jun. 30, 2023		$ 5,257,661	$ 94	6,848,178	(5,119)	(1,585,492)
Temporary equity, beginning balance (in shares) at Dec. 31, 2022		3,234,000
Temporary equity, beginning balance at Dec. 31, 2022	[1]	$ 320,374
Temporary equity, ending balance (in shares) at Jun. 30, 2023		3,234,000
Temporary equity, ending balance at Jun. 30, 2023	[1]	$ 320,374
Beginning balance (in shares) at Mar. 31, 2023			940,338,835
Beginning balance at Mar. 31, 2023		5,234,072	$ 94	6,778,262	(6,341)	(1,537,943)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense		84,208		84,208
Vesting of RSUs (in shares)			8,962,137
Vesting of RSUs		0	$ 0	0
Stock withheld related to taxes on vested RSUs (in shares)			(470,998)
Stock withheld related to taxes on vested RSUs		(4,630)		(4,630)
Exercise of common stock options (in shares)			91,080
Exercise of common stock options		417		417
Common stock retired (in shares)			(8,293)
Redeemable preferred stock dividends		(10,079)		(10,079)
Net loss		(47,549)				(47,549)
Other comprehensive income (loss), net		$ 1,222			1,222
Ending balance (in shares) at Jun. 30, 2023		948,912,761	948,912,761
Ending balance at Jun. 30, 2023		$ 5,257,661	$ 94	$ 6,848,178	$ (5,119)	$ (1,585,492)
Temporary equity, beginning balance (in shares) at Mar. 31, 2023		3,234,000
Temporary equity, beginning balance at Mar. 31, 2023		$ 320,374
Temporary equity, ending balance (in shares) at Jun. 30, 2023		3,234,000
Temporary equity, ending balance at Jun. 30, 2023	[1]	$ 320,374

[1]Redemption amount is $323,400 as of June 30, 2023 and December 31, 2022.

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities
Net loss	$ (81,971)	$ (206,192)
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation expense	140,104	157,163
Depreciation and amortization	95,451	68,754
Deferred debt issuance and discount expense	10,559	8,118
Provision for credit losses	21,022	23,064
Deferred income taxes	(5,446)	(2,319)
Fair value changes in residual interests classified as debt	(513)	5,625
Fair value changes in securitization investments	1,537	9,981
Other	(3,236)	6,865
Changes in operating assets and liabilities:
Changes in loans held for sale, net	(4,535,374)	(2,006,410)
Servicing assets	3,201	(8,705)
Other assets	40,974	(49,569)
Accounts payable, accruals and other liabilities	21,013	36,902
Net cash used in operating activities	(4,292,679)	(1,956,723)
Investing activities
Purchases of property, equipment and software	(49,071)	(47,017)
Capitalized software development costs	(5,060)	(3,011)
Purchases of available-for-sale investments	(452,340)	(44,974)
Proceeds from sales of available-for-sale investments	265,634	23,497
Proceeds from maturities and paydowns of available-for-sale investments	52,337	13,906
Changes in loans held for investment, net	(62,043)	(81,850)
Proceeds from securitization investments	29,020	75,991
Proceeds from non-securitization investments	2,720	0
Purchases of non-securitization investments	(16,722)	0
Acquisition of businesses, net of cash acquired	(72,301)
Acquisition of businesses, net of cash acquired		58,540
Net cash used in investing activities	(307,826)	(4,918)
Financing activities
Net change in deposits	5,392,521	2,496,253
Net change in debt facilities	964,898	(75,452)
Proceeds from other debt issuances	339,995	0
Repayment of other debt	(407,715)	(200,520)
Payment of debt issuance costs	(7,707)	(3,976)
Taxes paid related to net share settlement of share-based awards	(7,046)	(5,846)
Proceeds from stock option exercises	585	2,060
Payment of redeemable preferred stock dividends	(20,047)	(20,047)
Finance lease principal payments	(252)	(241)
Net cash provided by financing activities	6,255,232	2,192,231
Effect of exchange rates on cash and cash equivalents	99	(94)
Net increase in cash, cash equivalents, restricted cash and restricted cash equivalents	1,654,826	230,496
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	1,846,302	768,437
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	3,501,128	998,933
Reconciliation to amounts on condensed consolidated balance sheets (as of period end)
Cash and cash equivalents	3,015,652	707,302
Restricted cash and restricted cash equivalents	485,476	291,631
Total cash, cash equivalents, restricted cash and restricted cash equivalents	3,501,128	998,933
Supplemental non-cash investing and financing activities
Available-for-sale securities purchased but unpaid	47,553	0
Derecognition of securitization investments	5,325	0
Loans held for investment received in acquisition	0	84,485
Available-for-sale securities received in acquisition	0	10,014
Deconsolidation of securitization and residual debt	92,914	0
Deposits credited but not yet received in cash	53,353	57,995
Share-based compensation capitalized related to internally-developed software	14,757	10,356
Deposits assumed in acquisition	$ 0	$ 158,016

Organization, Summary of Signif

Organization, Summary of Significant Accounting Policies and New Accounting Standards	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Summary of Significant Accounting Policies and New Accounting Standards	Note 1. Organization, Summary of Significant Accounting Policies and New Accounting Standards Organization SoFi is a financial services platform that was founded in 2011 to offer an innovative approach to the private student loan market by providing student loan refinancing options. The Company conducts its business through three reportable segments: Lending, Technology Platform and Financial Services. Since its founding, SoFi has expanded its lending and financial services strategy to offer personal loans, home loans and credit cards. The Company also developed additional financial products, such as money management and investment product offerings, and has also leveraged its financial services platform to empower other businesses. The Company has continued to expand its product offerings through strategic acquisitions. During 2020, the Company expanded its investment product offerings into Hong Kong through the acquisition of 8 Limited, and also began to operate as a platform-as-a-service for a variety of financial service providers, providing the infrastructure to facilitate core client-facing and back-end capabilities, such as account setup, account funding, direct deposit, authorizations and processing, payments functionality and check account balance features through the acquisition of Galileo. During 2022, the Company became a bank holding company and began operating SoFi Bank, National Association, through the Bank Merger, and expanded its platform to include a cloud-native digital and core banking platform with customers in Latin America through the Technisys Merger, allowing the Company to expand its technology platform services to a broader international market. For additional information on our recent business combinations, see Note 2. Business Combinations . For additional information on our reportable segments, see Note 17. Business Segment Information . Summary of Significant Accounting Policies Basis of Presentation The condensed consolidated financial statements include the accounts of the Company, its wholly-owned and majority-owned subsidiaries and certain consolidated VIEs. All intercompany accounts are eliminated in consolidation. The condensed consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States (“GAAP”) and in accordance with the rules and regulations of the SEC. We condensed or omitted certain notes and other financial information from the interim financial statements presented herein. These condensed consolidated financial statements should be read in conjunction with the consolidated statements included in our annual filing on Form 10-K filed with the SEC on March 1, 2023 (“Form 10-K”). In the opinion of management, the condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary for a fair statement of the Company’s financial condition and results of operations and cash flows for the interim periods presented. The results for the three and six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the full year ending December 31, 2023. Use of Judgments, Assumptions and Estimates The preparation of our condensed consolidated financial statements and related disclosures in conformity with GAAP requires management to make assumptions and estimates that affect the reported amounts of assets, liabilities, revenue, expenses, and the disclosures of contingent assets and liabilities. These estimates and assumptions are inherently subjective in nature and, therefore, actual results may differ from our estimates and assumptions, and the differences could be material. Management bases its estimates on historical experience and on various other factors it believes to be reasonable under the circumstances. These assumptions and estimates include, but are not limited to, the following: (i) fair value measurements; (ii) business combinations; and (iii) goodwill. Restructuring During the six months ended June 30, 2023, we recognized restructuring charges of $4,953 within noninterest expense in the condensed consolidated statements of operations and comprehensive income (loss) associated with a small reduction in headcount in the Technology Platform segment in the first quarter of 2023, which primarily included employee-related wages, benefits and severance. Recently Adopted Accounting Standards Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued Accounting Standards Update (“ASU”) 2022-02, Financial Instruments — Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures . The ASU addresses two topics: (i) troubled debt restructuring (“TDR”) by creditors, and (ii) vintage disclosures for gross write offs. Under the TDR provisions, the ASU eliminates the recognition and measurement guidance under ASC 310-40, Receivables — Troubled Debt Restructurings by Creditors, and instead requires that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan, consistent with the accounting for other loan modifications. Additionally, the ASU enhances existing disclosure requirements around TDRs and introduces new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. Under the vintage disclosure provisions, the ASU requires the entity to disclose current period gross write offs by year of origination for financing receivables and net investments in leases within the scope of ASC 326-20, Financial Instruments — Credit Losses — Measured at Amortized Cost . The standard should be applied prospectively; however, for the TDR provisions, an entity has the option to apply a modified retrospective transition method. We adopted the standard effective January 1, 2023. The adoption of this standard did not have a material impact on our consolidated financial statements.

Business Combinations

Business Combinations	6 Months Ended
Business Combinations	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Business Combinations	Note 2. Business Combinations Acquisition of Wyndham Capital Mortgage On April 3, 2023, we acquired all of the outstanding equity interests in Wyndham for cash consideration. With the acquisition of Wyndham, a leading fintech mortgage lender, we broadened our suite of home loan products and now manage the technology for a digitized mortgage experience. The acquisition is being accounted for as a business combination. The purchase consideration is being allocated to the tangible and intangible assets acquired and liabilities assumed based on the estimated fair values as of the acquisition date. The excess of the total purchase consideration over the fair value of the net assets acquired is allocated to goodwill, which is expected to be deductible for tax purposes. The fair value estimates are subject to change for up to one year after the acquisition date as additional information becomes available. The acquisition was not determined to be a significant acquisition. Acquisition of Technisys S.A. During the six months ended June 30, 2023, we made payments of $17,946 related to settlements of vested employee performance awards, which was a component of the purchase consideration in the Technisys Merger. There were 6,305,595 shares issued in the acquisition that were held in escrow. During the second quarter of 2023, we released 6,244,450 of the escrow shares. The remaining 61,145 shares continue to be held in escrow pending resolution of outstanding indemnification claims by SoFi. Acquisition of Golden Pacific Bancorp, Inc. As of June 30, 2023, a portion of the total cash purchase consideration ($3.3 million) related to our acquisition of Golden Pacific remained held back, representing an amount payable to a dissenting Golden Pacific shareholder pending resolution of the shareholder’s dissenter’s rights appraisal claim, which could possibly result in a lower or higher amount paid to the dissenting shareholder once a ruling is made regarding the appraisal claim. Goodwill and Intangible Assets As of June 30, 2023 and December 31, 2022, goodwill was $1,640,679 and $1,622,991, respectively. As of June 30, 2023, goodwill attributable to the Lending, Technology Platform and Financial Services reportable segments was $17,688, $1,585,832 and $37,159, respectively. Management does not believe that the goodwill in any of the reporting units is impaired as of June 30, 2023.

Revenue

Revenue	6 Months Ended
Revenue	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue	Note 3. Revenue In each of our revenue arrangements, revenue is recognized when control of the promised goods or services is transferred to the customer in an amount that reflects our expected consideration in exchange for those goods or services. Our arrangements are discussed in our Annual Report on Form 10-K, with notable updates provided herein. Disaggregated Revenue The table below presents revenue from contracts with customers disaggregated by type of service, which best depicts how the revenue and cash flows are affected by economic factors, and by the reportable segment to which each revenue stream relates, as well as a reconciliation of total revenue from contracts with customers to total noninterest income . Revenue from contracts with customers is presented within noninterest income—technology products and solutions and noninterest income—other in the condensed consolidated statements of operations and comprehensive income (loss). There were no revenues from contracts with customers attributable to our Lending segment for the periods presented. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Financial Services Referrals $ 8,223 $ 8,805 $ 17,849 $ 16,573 Interchange 8,663 3,007 15,932 7,293 Brokerage 5,225 4,156 10,103 8,886 Other (1) 348 225 835 428 Total financial services 22,459 16,193 44,719 33,180 Technology Platform (2) Technology services 80,328 81,111 152,457 140,268 Software licenses 1,961 558 2,633 1,258 Other (1) (55) 558 366 736 Total technology platform 82,234 82,227 155,456 142,262 Total revenue from contracts with customers 104,693 98,420 200,175 175,442 Other Sources of Revenue Loan origination and sales 103,064 144,414 229,575 302,118 Securitizations (12,900) (11,737) (16,077) (23,018) Servicing 9,052 10,471 21,794 22,707 Other 2,983 (1,770) 7,573 (2,040) Total other sources of revenue 102,199 141,378 242,865 299,767 Total noninterest income $ 206,892 $ 239,798 $ 443,040 $ 475,209 _____________________ (1) In Financial Services, includes revenues from enterprise services. In Technology Platform, includes payment network fees for serving as a transaction card program manager for enterprise customers that are the program marketers for separate card programs. (2) Related to these technology products and solutions arrangements, we had deferred revenues of $6,823 and $10,028 as of June 30, 2023 and December 31, 2022, respectively, which are presented within accounts payable, accruals and other liabilities in the condensed consolidated balance sheets. We recognized revenue of $2,444 and $1,989 during the three months ended June 30, 2023 and 2022, respectively, and $4,784 and $2,774 during the six months ended June 30, 2023 and 2022, respectively, associated with deferred revenues within noninterest income—technology products and solutions in the condensed consolidated statements of operations and comprehensive income (loss). Contract Balances As of June 30, 2023 and December 31, 2022, accounts receivable, net associated with revenue from contracts with customers was $59,056 and $61,226, respectively, which were reported within other assets in the condensed consolidated balance sheets.

Loans

Loans	6 Months Ended
Loans	Jun. 30, 2023
Receivables [Abstract]
Loans	Note 4. Loans As of June 30, 2023, our loan portfolio consisted of loans held for sale, including personal loans, student loans and home loans, which are measured at fair value under the fair value option, and loans held for investment, including credit cards, and commercial and consumer banking loans, which are measured at amortized cost. Below is a disaggregated presentation of our loans, inclusive of fair market value adjustments and accrued interest income and net of the allowance for credit losses, as applicable: June 30, December 31, Loans held for sale Personal loans (1) $ 12,751,163 $ 8,610,434 Student loans (2) 5,383,921 4,877,177 Home loans 78,583 69,463 Total loans held for sale, at fair value 18,213,667 13,557,074 Loans held for investment (3) Credit card (4) 238,285 209,164 Commercial and consumer banking: Commercial real estate 99,945 88,652 Commercial and industrial 6,016 7,179 Residential real estate and other consumer 3,305 2,962 Total commercial and consumer banking 109,266 98,793 Total loans held for investment, at amortized cost 347,551 307,957 Total loans $ 18,561,218 $ 13,865,031 _____________________ (1) Includes $780,120 and $663,004 of personal loans in consolidated VIEs as of June 30, 2023 and December 31, 2022, respectively. (2) Includes $285,621 and $268,697 of student loans in consolidated VIEs as of June 30, 2023 and December 31, 2022, respectively. (3) See Note 5. Allowance for Credit Losses for additional information on our loans at amortized cost as it pertains to the allowance for credit losses. (4) For credit cards, loan origination costs are expensed as incurred primarily within noninterest expense—sales and marketing in the condensed consolidated statements of operations and comprehensive income (loss) . Loans Held for Sale The following table summarizes the aggregate fair value of our loans held for sale, for which we elected the fair value option. See Note 12. Fair Value Measurements for the assumptions used in our fair value model. Personal Loans Student Loans Home Loans Total June 30, 2023 Unpaid principal $ 12,171,935 $ 5,262,975 $ 87,928 $ 17,522,838 Accumulated interest 82,868 21,164 150 104,182 Cumulative fair value adjustments (1) 496,360 99,782 (9,495) 586,647 Total fair value of loans (2) $ 12,751,163 $ 5,383,921 $ 78,583 $ 18,213,667 December 31, 2022 Unpaid principal $ 8,283,400 $ 4,794,517 $ 77,705 $ 13,155,622 Accumulated interest 55,673 19,433 151 75,257 Cumulative fair value adjustments (1) 271,361 63,227 (8,393) 326,195 Total fair value of loans (2) $ 8,610,434 $ 4,877,177 $ 69,463 $ 13,557,074 __________________ (1) During the six months ended June 30, 2023, the cumulative fair value adjustments for personal loans were primarily impacted by higher origination volume and higher coupon rates, partially offset by higher benchmark rates, which resulted in higher fair value marks. The cumulative fair value adjustments for student loans were primarily impacted by a lower prepayment rate assumption and higher coupon rates, partially offset by higher benchmark rates, which resulted in higher fair value marks. (2) Each component of the fair value of loans is impacted by charge-offs during the period. Our fair value assumption for annual default rate incorporates fair value markdowns on loans beginning when they are 10 days or more delinquent, with additional markdowns at 30, 60 and 90 days past due. The following table summarizes the aggregate fair value of loans 90 days or more delinquent. As delinquent personal loans and student loans are charged off after 120 days of delinquency, amounts presented below represent the fair value of loans that are 90 to 120 days delinquent. Personal Loans Student Loans Home Loans Total June 30, 2023 Unpaid principal balance $ 49,097 $ 6,579 $ 213 $ 55,889 Accumulated interest 2,299 328 — 2,627 Cumulative fair value adjustments (1) (44,552) (3,926) (140) (48,618) Fair value of loans 90 days or more delinquent $ 6,844 $ 2,981 $ 73 $ 9,898 December 31, 2022 Unpaid principal balance $ 27,989 $ 6,435 $ — $ 34,424 Accumulated interest 1,207 304 — 1,511 Cumulative fair value adjustments (1) (25,022) (3,332) — (28,354) Fair value of loans 90 days or more delinquent $ 4,174 $ 3,407 $ — $ 7,581 __________________ (1) Our fair value assumption for annual default rate incorporates fair value markdowns on loans beginning when they are 10 days or more delinquent, with additional markdowns at 30, 60 and 90 days past due. Transfers of Financial Assets We regularly transfer financial assets and account for such transfers as either sales or secured borrowings depending on the facts and circumstances of the transfer. When a transfer of financial assets qualifies as a sale, in many instances we have continuing involvement as the servicer of those financial assets. As we expect the benefits of servicing to be more than just adequate, we recognize a servicing asset. Further, in the case of securitization-related transfers that qualify as sales, we have additional continuing involvement as an investor, albeit at insignificant levels relative to the expected gains and losses of the securitization. In instances where a transfer is accounted for as a secured borrowing, we perform servicing (but we do not recognize a servicing asset) and typically maintain a significant investment relative to the expected gains and losses of the securitization. In whole loan sales, we do not have a residual financial interest in the loans, nor do we have any other power over the loans that would constrain us from recognizing a sale. Additionally, we generally have no repurchase requirements related to transfers of personal loans, student loans and non-government-sponsored enterprise home loans other than standard origination representations and warranties, for which we record a liability based on expected repurchase obligations. For government-sponsored enterprise (“GSE”) home loans, we have customary GSE repurchase requirements, which do not constrain sale treatment but result in a liability for the expected repurchase requirement. There were no loan securitization transfers qualifying for sale accounting treatment during the six months ended June 30, 2023 and 2022. Deconsolidation of debt reflects the impacts of previously consolidated VIEs that became deconsolidated during the period because we no longer hold a significant financial interest in the underlying securitization entity, which can fluctuate from period to period. Gains and losses on deconsolidations are presented within noninterest income—securitizations in the condensed consolidated statements of operations and comprehensive income (loss). During the three and six months ended June 30, 2023, we had deconsolidation of debt on student loans of $45.9 million. The impact on earnings from the deconsolidation was immaterial. During the three and six months ended June 30, 2022, we did not have any deconsolidations of debt. The following table summarizes our whole loan sales: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Personal loans Fair value of consideration received: Cash $ 51,473 $ 1,163,029 $ 51,473 $ 2,181,718 Servicing assets recognized 888 7,659 888 14,083 Repurchase liabilities recognized (360) (2,789) (360) (5,087) Total consideration received 52,001 1,167,899 52,001 2,190,714 Aggregate unpaid principal balance and accrued interest of loans sold 50,322 1,129,237 50,322 2,111,092 Gain from loan sales $ 1,679 $ 38,662 $ 1,679 $ 79,622 Sale execution (1) 104.1 % 103.7 % 104.1 % 104.0 % Student loans Fair value of consideration received: Cash $ 98,624 $ 257,859 $ 98,624 $ 806,770 Servicing assets recognized 2,792 2,991 2,792 8,815 Repurchase liabilities recognized (16) (41) (16) (121) Total consideration 101,400 260,809 101,400 815,464 Aggregate unpaid principal balance and accrued interest of loans sold 99,916 261,324 99,916 807,611 Gain (loss) from loan sales $ 1,484 $ (515) $ 1,484 $ 7,853 Sale execution (1) 101.5 % 99.8 % 101.5 % 101.0 % Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Home loans Fair value of consideration received: Cash $ 267,052 $ 322,219 $ 344,871 $ 681,919 Servicing assets recognized 2,803 4,482 3,757 8,720 Repurchase liabilities recognized (751) (315) (847) (735) Total consideration 269,104 326,386 347,781 689,904 Aggregate unpaid principal balance and accrued interest of loans sold 266,634 342,952 344,610 708,512 Gain (loss) from loan sales $ 2,470 $ (16,566) $ 3,171 $ (18,608) Sale execution (1) 101.2 % 95.3 % 101.2 % 97.5 % _____________________ (1) Sale execution represents the ratio of cash proceeds and servicing assets recognized to the aggregate unpaid principal balance and accrued interest of the loans sold. Amounts included in repurchase liabilities are excluded from the calculation, as they typically would not materially differ from the fair value markdown on the loans over the repurchase period had they been held on balance sheet and entered delinquency. For certain transferred loans that qualified for sale accounting and are, therefore, off-balance sheet, we have continuing involvement through our servicing agreements. For such loans, our exposure to loss is generally limited to the extent we would be required to repurchase such a loan due to a breach of representations and warranties associated with the loan transfer or servicing contract. The following table presents information about the unpaid principal balances of loans originated by us and subsequently transferred, but with which we have continuing involvement: Personal Loans Student Loans Home Loans Total June 30, 2023 Loans in delinquency (10-29 days past due) $ 42,820 $ 56,932 $ — $ 99,752 Loans in delinquency (30+ days past due) 59,620 51,255 22,538 133,413 Total loans in delinquency 102,440 108,187 22,538 233,165 Total transferred loans serviced (1) $ 2,088,650 $ 6,799,935 $ 5,274,899 $ 14,163,484 December 31, 2022 Loans in delinquency (10-29 days past due) $ 44,337 $ 68,832 $ — $ 113,169 Loans in delinquency (30+ days past due) 64,654 46,986 16,510 128,150 Total loans in delinquency 108,991 115,818 16,510 241,319 Total transferred loans serviced (1) $ 2,995,601 $ 7,586,031 $ 5,134,306 $ 15,715,938 _____________________ (1) Total transferred loans serviced includes loans in delinquency, as well as loans in repayment, loans in-school/grace period/deferment (related to student loans), and loans in forbearance. The vast majority of total transferred loans serviced represent loans in repayment as of the dates indicated. The following table presents additional information about the servicing cash flows received and net charge-offs related to loans originated by us and subsequently transferred, but with which we have continuing involvement: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Personal loans Servicing fees collected from transferred loans $ 4,870 $ 8,457 $ 11,047 $ 16,825 Charge-offs, net of recoveries, of transferred loans (1) 41,411 21,977 87,526 38,662 Student loans Servicing fees collected from transferred loans 6,402 11,045 15,592 20,213 Charge-offs, net of recoveries, of transferred loans (1) 10,005 9,192 19,158 17,412 Home loans Servicing fees collected from transferred loans 3,659 2,930 6,819 5,566 Total Servicing fees collected from transferred loans $ 14,931 $ 22,432 $ 33,458 $ 42,604 Charge-offs, net of recoveries, of transferred loans (1) 51,416 31,169 106,684 56,074 _____________________ (1) Personal loan and student loan charge-offs, net of recoveries, are impacted by the timing of charge-off sales performed on behalf of the purchasers of our loans, which lower the net amount disclosed. Loans Held for Investment Loan Portfolio Composition and Aging The following table presents the amortized cost basis of our credit card and commercial and consumer banking portfolios (excluding accrued interest and before the allowance for credit losses) by either current status or delinquency status: Delinquent Loans Current 30–59 Days 60–89 Days ≥ 90 Days (1) Total Delinquent Loans Total Loans (2) June 30, 2023 Credit card $ 254,089 $ 4,547 $ 3,821 $ 10,421 $ 18,789 $ 272,878 Commercial and consumer banking: Commercial real estate 100,911 — — — — 100,911 Commercial and industrial 5,785 3 788 — 791 6,576 Residential real estate and other consumer (3) 3,303 — — — — 3,303 Total commercial and consumer banking 109,999 3 788 — 791 110,790 Total loans $ 364,088 $ 4,550 $ 4,609 $ 10,421 $ 19,580 $ 383,668 December 31, 2022 Credit card $ 225,165 $ 4,670 $ 3,626 $ 10,498 $ 18,794 $ 243,959 Commercial and consumer banking: Commercial real estate 89,544 — — — — 89,544 Commercial and industrial 7,636 — 1 — 1 7,637 Residential real estate and other consumer (3) 2,966 — — — — 2,966 Total commercial and consumer banking 100,146 — 1 — 1 100,147 Total loans $ 325,311 $ 4,670 $ 3,627 $ 10,498 $ 18,795 $ 344,106 ______________ (1) All of the credit cards ≥ 90 days past due continued to accrue interest. As of the dates indicated, there were no credit cards on nonaccrual status. As of the dates indicated, commercial and consumer banking loans on nonaccrual status were immaterial, and there were no loans that were 90 days or more past due. (2) For credit card, the balance is presented before allowance for credit losses of $39,361 and $39,110 as of June 30, 2023 and December 31, 2022, respectively, and accrued interest of $4,768 and $4,315, respectively. For commercial and consumer banking, the balance is presented before allowance for credit losses of $1,866 and $1,678, respectively, and accrued interest of $342 and $324, respectively. (3) Primarily includes residential real estate loans acquired in the Bank Merger, for which we did not elect the fair value option. Credit Quality Indicators Credit Card The following table presents the amortized cost basis of our credit card portfolio (excluding accrued interest and before the allowance for credit losses) based on FICO scores, which are obtained at origination of the account and are refreshed monthly thereafter. The pools estimate the likelihood of borrowers with similar FICO scores to pay credit obligations based on aggregate credit performance data. FICO June 30, 2023 December 31, 2022 ≥ 800 $ 20,779 $ 14,421 780 – 799 14,348 11,327 760 – 779 16,138 12,179 740 – 759 18,265 14,501 720 – 739 23,189 19,343 700 – 719 28,989 26,239 680 – 699 34,564 31,543 660 – 679 33,366 31,958 640 – 659 24,636 25,959 620 – 639 14,712 15,566 600 – 619 9,132 8,968 ≤ 599 34,760 31,955 Total credit card $ 272,878 $ 243,959 Commercial and Consumer Banking We analyze loans in our commercial and consumer banking portfolio by classification based on their associated credit risk, and perform an analysis on an ongoing basis as new information is obtained. Risk rating classifications are further described below. Loans with a lower expectation of credit losses are classified as Pass, while loans with a higher expectation of credit losses are classified as Substandard. • Pass — Loans that management believes will fully repay in accordance with the contractual loan terms. • Watch — Loans that management believes will fully repay in accordance with the contractual loan terms, but for which certain credit attributes have changed from origination and warrant further monitoring. • Special mention — Loans with a potential weakness or weaknesses that deserves management’s close attention. If left uncorrected, the potential weaknesses may result in deterioration of the repayment prospects for the loan or our credit position at some future date. • Substandard — Loans that are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the full repayment. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. The following table presents the amortized cost basis of our commercial and consumer banking portfolio (excluding accrued interest and before the allowance for credit losses) by origination year and credit quality indicator: Term Loans by Origination Year June 30, 2023 2023 2022 2021 2020 2019 Prior Total Term Loans Revolving Loans Commercial real estate Pass $ 14,825 $ 34,213 $ 5,696 $ 4,601 $ 9,564 $ 19,037 $ 87,936 $ 193 Watch 1,242 4,627 1,668 — 220 2,774 10,531 — Special mention — — — — — 1,586 1,586 — Substandard — — — — — 665 665 — Total commercial real estate 16,067 38,840 7,364 4,601 9,784 24,062 100,718 193 Commercial and industrial Pass 59 — — 71 104 5,049 5,283 47 Watch — — — — 19 19 38 — Substandard — — — — — 1,208 1,208 — Total commercial and industrial 59 — — 71 123 6,276 6,529 47 Residential real estate and other consumer Pass 660 — — — — 2,505 3,165 97 Watch — — — — — 41 41 — Total residential real estate and other consumer 660 — — — — 2,546 3,206 97 Total commercial and consumer banking $ 16,786 $ 38,840 $ 7,364 $ 4,672 $ 9,907 $ 32,884 $ 110,453 $ 337

Allowance for Credit Losses

Allowance for Credit Losses	6 Months Ended
Allowance for Credit Losses	Jun. 30, 2023
Receivables [Abstract]
Allowance for Credit Losses	Note 5. Allowance for Credit Losses Our allowance for credit losses represents our current estimate of expected credit losses over the remaining contractual life of certain financial assets, including credit cards as well as commercial and consumer banking loans acquired in the Bank Merger, which relate to our Financial Services segment, and accounts receivables primarily related to our Technology Platform segment. Given our methods of collecting funds on servicing receivables, our historical experience of infrequent write offs, and that we have not observed meaningful changes in our counterparties’ abilities to pay, we determined that the future exposure to credit losses on servicing related receivables was immaterial. In estimating expected credit losses for credit cards, we segment loans based on credit quality indicators and reassess our pools periodically to confirm that all loans within each pool continue to share similar risk characteristics. We establish an allowance within each pool utilizing a proprietary risk model that relies on assumptions such as average annual percentage rate, payment rate, utilization, delinquency status and default probability. The model may then be adjusted for current conditions and reasonable and supportable forecasts of future conditions, including economic conditions. We apply the aforementioned assumptions to the drawn balance of credit cards within each pool to estimate the lifetime expected credit losses within each pool, which are then aggregated to determine the allowance for credit losses. We further consider an evaluation of overall portfolio credit quality based on indicators such as changes in our credit decisioning process, underwriting and collection management policies; the effects of external factors, such as regulatory requirements; general economic conditions; and inherent uncertainties in applying the methodology. When a credit card balance is charged off, we record a reduction to the allowance and the credit card balance. The following table presents changes in our allowance for credit losses: Credit Card (1) Commercial and Consumer Banking (1) Accounts Receivable (1) Three Months Ended June 30, 2023 Balance at March 31, 2023 $ 37,089 $ 1,848 $ 1,645 Provision for credit losses (2) 12,600 15 1,096 Write-offs charged against the allowance (3) (10,328) 3 (804) Balance at June 30, 2023 $ 39,361 $ 1,866 $ 1,937 Three Months Ended June 30, 2022 Balance at March 31, 2022 $ 16,500 $ 1,366 $ 1,652 Provision for credit losses (2) 10,265 (162) 1,112 Write-offs charged against the allowance (4,791) — (44) Balance at June 30, 2022 $ 21,974 $ 1,204 $ 2,720 Six Months Ended June 30, 2023 Balance at December 31, 2022 $ 39,110 $ 1,678 $ 2,785 Provision for credit losses (2) 20,837 185 242 Write-offs charged against the allowance (3) (20,586) 3 (1,090) Balance at June 30, 2023 $ 39,361 $ 1,866 $ 1,937 Six Months Ended June 30, 2022 Balance at December 31, 2021 $ 7,037 $ — $ 2,292 Provision for credit losses (2) 22,242 822 521 Allowance for PCD loans (4) — 382 — Write-offs charged against the allowance (7,305) — (93) Balance at June 30, 2022 $ 21,974 $ 1,204 $ 2,720 _____________________ (1) Credit cards and commercial and consumer banking loans measured at amortized cost, net of allowance for credit losses, are presented within loans held for investment in the condensed consolidated balance sheets. Accounts receivable balances, net of allowance for credit losses, are presented within other assets in the condensed consolidated balance sheets. (2) The provision for credit losses on credit cards and commercial and consumer banking loans is presented within noninterest expense—provision for credit losses in the condensed consolidated statements of operations and comprehensive income (loss) . There were immaterial recoveries of amounts previously reserved related to credit cards and commercial and consumer banking loans during the three and six months ended June 30, 2023 and 2022. The provision for credit losses on accounts receivable is presented within noninterest expense—general and administrative in the condensed consolidated statements of operations and comprehensive income (loss). During the three and six months ended June 30, 2023, recoveries of amounts previously reserved related to accounts receivable were $18 and $1,179, respectively. During the three and six months ended June 30, 2022, recoveries of amounts previously reserved related to accounts receivable were $368 and $1,760, respectively. (3) The increases in credit card write-offs charged against the allowance during the three and six months ended June 30, 2023 relative to the corresponding periods in 2022 were primarily related to our maturing portfolio. (4) In connection with the Bank Merger, we obtained purchased credit deteriorated (“PCD”) loans, for which we measured an allowance, with a corresponding increase to the amortized cost basis as of the acquisition date. Therefore, recognition of the initial allowance for credit losses did not impact earnings.

Investments Securities

Investments Securities	6 Months Ended
Investments Securities	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investments Securities	Note 6. Investment Securities Investments in AFS Debt Securities The following table presents our investments in available-for-sale (“AFS”) debt securities: Amortized Cost Accrued Interest Gross Unrealized Gains Gross Unrealized Losses (1) Fair Value June 30, 2023 U.S. Treasury securities $ 315,698 $ 123 $ 155 $ (1,725) $ 314,251 Multinational securities (2) 15,654 106 — (335) 15,425 Corporate bonds 36,920 227 — (2,082) 35,065 Agency mortgage-backed securities 8,348 20 — (1,009) 7,359 Other asset-backed securities 9,071 5 — (362) 8,714 Other (3) 2,124 22 — (178) 1,968 Total investments in AFS debt securities $ 387,815 $ 503 $ 155 $ (5,691) $ 382,782 December 31, 2022 U.S. Treasury securities $ 121,282 $ 217 $ — $ (3,510) $ 117,989 Multinational securities (2) 19,658 109 — (724) 19,043 Corporate bonds 41,890 257 — (2,644) 39,503 Agency mortgage-backed securities 8,899 22 — (991) 7,930 Other asset-backed securities 9,556 5 — (514) 9,047 Other (3) 2,133 21 — (228) 1,926 Total investments in AFS debt securities $ 203,418 $ 631 $ — $ (8,611) $ 195,438 _____________________ (1) As of June 30, 2023 and December 31, 2022, we concluded that there was no credit loss attributable to securities in unrealized loss positions, as (i) 85% and 67% of the amortized cost basis of our investments as of June 30, 2023 and December 31, 2022, respectively, was composed of U.S. Treasury securities, agency mortgage-backed securities and sovereign foreign bonds, which are of high credit quality and have no risk of credit-related impairment due to the nature of the counterparties and history of no credit losses, and (ii) we have not identified factors indicating credit-related impairment for the remaining investments and expect that the contractual principal and interest payments will be received. Additionally, we do not intend to sell the securities in loss positions nor is it more likely than not that we will be required to sell the securities prior to recovery of the amortized cost basis. (2) Includes sovereign foreign and supranational bonds. (3) Includes state and city municipal bond securities. The following table presents information about our investments in AFS debt securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2023 and December 31, 2022. Less than 12 Months 12 Months or Longer Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses June 30, 2023 U.S. Treasury securities $ 239,421 $ (20) $ 74,830 $ (1,705) $ 314,251 $ (1,725) Multinational securities — — 15,425 (335) 15,425 (335) Corporate bonds — — 35,065 (2,082) 35,065 (2,082) Agency mortgage-backed securities — — 7,359 (1,009) 7,359 (1,009) Other asset-backed securities — — 8,714 (362) 8,714 (362) Other — — 1,968 (178) 1,968 (178) Total investments in AFS debt securities $ 239,421 $ (20) $ 143,361 $ (5,671) $ 382,782 $ (5,691) December 31, 2022 U.S. Treasury securities $ 27,759 $ (1,171) $ 90,230 $ (2,339) $ 117,989 $ (3,510) Multinational securities — — 19,043 (724) 19,043 (724) Corporate bonds 4,480 (313) 35,023 (2,331) 39,503 (2,644) Agency mortgage-backed securities 6,448 (814) 1,482 (177) 7,930 (991) Other asset-backed securities — — 9,047 (514) 9,047 (514) Other 745 (200) 1,181 (28) 1,926 (228) Total investments in AFS debt securities $ 39,432 $ (2,498) $ 156,006 $ (6,113) $ 195,438 $ (8,611) The following table presents the amortized cost and fair value of our investments in AFS debt securities by contractual maturity: Due Within One Year Due After One Year Through Five Years Due After Five Years Through Ten Years Due After Ten Years Total June 30, 2023 Investments in AFS debt securities—Amortized cost: U.S. Treasury securities $ 297,623 $ 18,075 $ — $ — $ 315,698 Multinational securities 15,654 — — — 15,654 Corporate bonds 12,479 21,118 3,323 — 36,920 Agency mortgage-backed securities — 164 761 7,423 8,348 Other asset-backed securities — 7,142 1,929 — 9,071 Other 1,185 — — 939 2,124 Total investments in AFS debt securities $ 326,941 $ 46,499 $ 6,013 $ 8,362 $ 387,815 Weighted average yield for investments in AFS debt securities (1) 1.23 % 3.28 % (3.01) % 2.54 % 1.44 % Investments in AFS debt securities—Fair value (2) : U.S. Treasury securities $ 296,898 $ 17,230 $ — $ — $ 314,128 Multinational securities 15,319 — — — 15,319 Corporate bonds 12,104 19,903 2,831 — 34,838 Agency mortgage-backed securities — 154 691 6,494 7,339 Other asset-backed securities — 6,833 1,876 — 8,709 Other 1,179 — — 767 1,946 Total investments in AFS debt securities $ 325,500 $ 44,120 $ 5,398 $ 7,261 $ 382,279 _____________________ (1) The weighted average yield represents the effective yield for the investment securities and is computed based on the amortized cost of each security. (2) Presentation of fair values of our investments in AFS debt securities by contractual maturity excludes total accrued interest of $503 as of June 30, 2023. There were no realized gains and losses on our investments in AFS debt securities during the three months ended June 30, 2023. Gross realized gains and losses on our investments in AFS debt securities were $3,356 and $509, respectively, during the six months ended June 30, 2023, and were immaterial during the three and six months ended June 30, 2022. During the three and six months ended June 30, 2023 and 2022, there were no transfers between classifications of our investments in AFS debt securities. See Note 10. Equity for unrealized gains and losses on our investments in AFS debt securities and amounts reclassified out of accumulated other comprehensive income (loss) (“AOCI”). Securitization Investments The following table presents the aggregate outstanding value of asset-backed bonds and residual interests owned by the Company in nonconsolidated VIEs, which are presented within investment securities in the condensed consolidated balance sheets: June 30, December 31, Personal loans $ 12,149 $ 20,172 Student loans 153,301 181,159 Securitization investments $ 165,450 $ 201,331

Securitization and Variable Int

Securitization and Variable Interest Entities	6 Months Ended
Securitization and Variable Interest Entities	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Securitization and Variable Interest Entities	Note 7. Securitization and Variable Interest Entities Consolidated VIEs We consolidate certain securitization trusts in which we have a variable interest and are deemed to be the primary beneficiary. The VIEs are special purpose entities (“SPEs”) with portfolio loans securing debt obligations. The SPEs were created and designed to transfer credit and interest rate risk associated with consumer loans through the issuance of collateralized notes and trust certificates. We make standard representations and warranties to repurchase or replace qualified portfolio loans. Aside from these representations, the holders of the asset-backed debt obligations have no recourse to the Company if the cash flows from the underlying portfolio loans securing such debt obligations are not sufficient to pay all principal and interest on the asset-backed debt obligations. We hold a significant interest in these financing transactions through our ownership of a portion of the residual interest in certain VIEs. In addition, in some cases, we invest in the debt obligations issued by the VIE. Our investments in consolidated VIEs eliminate in consolidation. The residual interest is the first VIE interest to absorb losses should the loans securing the debt obligations not provide adequate cash flows to satisfy more senior claims and is the interest that we expect to absorb the expected gains and losses of the VIE. Our exposure to credit risk in sponsoring SPEs is limited to our investment in the VIE. VIE creditors have no recourse against our general credit. As of June 30, 2023 and December 31, 2022, we had seven and six consolidated VIEs, respectively, on our condensed consolidated balance sheets. During the six months ended June 30, 2023, we established two consolidated VIEs, and exercised a securitization clean up call related to one consolidated VIE. The assets of consolidated VIEs that were included in our condensed consolidated balance sheets may only be used to settle obligations of consolidated VIEs and were in excess of those obligations as of June 30, 2023 and December 31, 2022. Intercompany balances are eliminated upon consolidation. Nonconsolidated VIEs We have created and designed personal loan and student loan trusts to transfer associated credit and interest rate risk associated with the loans through the issuance of collateralized notes and residual certificates. We have a variable interest in the nonconsolidated loan trusts, as we own collateralized notes and residual certificates in the loan trusts that absorb variability. We also have continuing, non-controlling involvement with the trusts as the servicer. As servicer, we have the power to perform the activities which most impact the economic performance of the VIE, but since we hold an insignificant financial interest in the trusts, we are not the primary beneficiary. This financial interest represents the equity ownership interest in the loan trusts, wherein there is an obligation to absorb losses and the right to receive benefits from residual certificate ownership. The maximum exposure to loss as a result of our involvement with the nonconsolidated VIEs is limited to our investment. We did not provide financial support to any nonconsolidated VIEs beyond our initial equity investment. There are no liquidity arrangements, guarantees or other commitments by third parties that may affect the fair value or risk of our variable interests in nonconsolidated VIEs. As of June 30, 2023 and December 31, 2022, we had investments in 21 and 23 nonconsolidated VIEs, respectively. During the six months ended June 30, 2023, we exercised a securitization clean up call on one nonconsolidated VIE and collapsed the associated trust, as well as consolidated one previously nonconsolidated VIE.

Deposits

Deposits	6 Months Ended
Deposits	Jun. 30, 2023
Deposits [Abstract]
Deposits	Note 8. Deposits We offer deposit accounts (referred to as “checking and savings” accounts within SoFi Money) to our members through SoFi Bank, which include interest-bearing deposits and noninterest-bearing deposits. The following table presents a detail of interest-bearing deposits: June 30, 2023 December 31, 2022 Savings deposits $ 8,291,062 $ 4,383,953 Demand deposits (1) 2,369,568 1,912,452 Time deposits (1)(2) 2,011,762 969,387 Total interest-bearing deposits $ 12,672,392 $ 7,265,792 _____________________ (1) As of June 30, 2023 and December 31, 2022, includes brokered deposits of $2,167,036 and $1,026,400, respectively, of which $1,980,253 and $940,000, respectively, are time deposits and $186,783 and $86,400, respectively, are demand deposits. (2) As of June 30, 2023 and December 31, 2022, the amount of time deposits that exceeded the insured limit (referred to as “uninsured deposits”) totaled $21,153 and $20,842, respectively. As of June 30, 2023, future maturities of our total time deposits were as follows: Remainder of 2023 $ 1,076,837 2024 933,773 2025 562 2026 290 2027 — Thereafter 300 Total $ 2,011,762

Debt

Debt	6 Months Ended
Debt	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	Note 9. Debt The following table summarizes the components of our debt: Borrowing Description June 30, 2023 December 31, 2022 Total Collateral (1) Stated Interest Rate (2) Termination/ Maturity (3) Total Capacity Total Outstanding (4) Total Outstanding Debt Facilities Personal loan warehouse facilities $ 1,858,290 5.33% – 7.10% January 2024 – January 2032 $ 4,725,000 $ 1,574,227 $ 1,452,085 Student loan warehouse facilities 2,890,940 5.64% – 6.91% July 2023 – June 2026 3,470,000 2,361,766 1,504,926 Credit card warehouse facility — 6.62% November 2024 100,000 — — Risk retention warehouse facilities (5) 108,744 5.26% – 7.24% January 2024 – October 2027 200,000 87,879 101,964 Revolving credit facility (6) 6.74% April 2028 645,000 486,000 486,000 Other Debt Convertible senior notes (7) —% October 2026 1,200,000 1,200,000 Other financing (8) 97,160 136,371 — — Securitizations Personal loan securitizations 778,620 0.49% – 6.21% September 2030 – May 2031 542,642 529,132 Student loan securitizations 303,066 1.83% – 9.65% March 2040 – August 2048 264,378 246,856 Total, before unamortized debt issuance costs, premiums and discounts $ 6,516,892 $ 5,520,963 Less: unamortized debt issuance costs, premiums and discounts (32,566) (35,081) Total debt $ 6,484,326 $ 5,485,882 _________________ (1) As of June 30, 2023, represents the total of the unpaid principal balances within each debt category, with the exception of the risk retention warehouse facilities, which include securitization-related investments carried at fair value. In addition, certain securitization interests that eliminate in consolidation are pledged to risk retention warehouse facilities. Collateral balances relative to debt balances may vary period to period due to the timing of the next scheduled payment to the warehouse facility. (2) For variable-rate debt, the ranges of stated interest rates are based on the interest rates in effect as of June 30, 2023. The interest on our variable-rate debt is typically designed as a reference rate plus a spread. Reference rates as of June 30, 2023 included overnight Secured Overnight Financing Rate (“SOFR”), one-month SOFR, three-month SOFR, one-month London Inter-Bank Offered Rate (“LIBOR”), prime rate and commercial paper rates determined by the facility lenders. As debt arrangements are renewed, the reference rate and/or spread are subject to change. Unused commitment fees ranging from 0 to 65 basis points (“bps”) on our various warehouse facilities are recognized within noninterest expense—general and administrative in our condensed consolidated statements of operations and comprehensive income (loss). (3) For securitization debt, the maturity of the notes issued by the various trusts occurs upon either the maturity of the loan collateral or full payment of the loan collateral held in the trusts. Our maturity date represents the legal maturity of the last class of maturing notes. Securitization debt matures as loan collateral payments are made. (4) There were no debt discounts or premiums issued during the six months ended June 30, 2023. (5) For risk retention warehouse facilities, we only state capacity amounts for facilities wherein we can pledge additional asset-backed bonds and residual investments as of the balance sheet date. (6) As of June 30, 2023, $6.0 million of the revolving credit facility total capacity was not available for general borrowing purposes because it was utilized to secure a letter of credit. Refer to our letter of credit disclosures in Note 15. Commitments, Guarantees, Concentrations and Contingencies for more details. Additionally, the interest rate presented is the interest rate on standard withdrawals on our revolving credit facility, while same-day withdrawals incur interest based on the prime rate. (7) The original issue discount and debt issuance costs related to the convertible senior notes are amortized into interest expense—corporate borrowings in the condensed consolidated statements of operations and comprehensive income (loss) using the effective interest method over the contractual term of the notes. For the three and six months ended June 30, 2023, total interest expense on the convertible notes was $1,273 and $2,545, respectively. For the three and six months ended June 30, 2022, total interest expense on the convertible notes was $1,268 and $2,535, respectively. For all periods, interest expense was related to amortization of debt discount and issuance costs, and the effective interest rate was 0.42%. As of June 30, 2023 and December 31, 2022, unamortized debt discount and issuance costs were $16.9 million and $19.4 million, respectively, and the net carrying amount was $1.18 billion and $1.18 billion, respectively. (8) Includes $27.5 million of loans and $69.7 million of investment securities pledged as collateral to secure $86.4 million of available borrowing capacity with the Federal Home Loan Bank (“FHLB”), of which $13.7 million was not available as it was utilized to secure letters of credit. Refer to our letter of credit disclosures in Note 15. Commitments, Guarantees, Concentrations and Contingencies for more details. Also includes unsecured available borrowing capacity of $50.0 million with correspondent banks. Material Changes to Debt Arrangements On April 28, 2023, we entered into an Amended and Restated Revolving Credit Agreement (“Amended and Restated Credit Agreement”), which amended and restated the Revolving Credit Agreement (“Original Credit Agreement”), dated as of September 27, 2018, among Social Finance, Inc., the lenders party thereto, the issuing banks party thereto and Goldman Sachs Bank USA, as administrative agent. The Amended and Restated Credit Agreement amended and restated the Original Credit Agreement to, among other things, (i) increase the initial aggregate commitment to $645 million, (ii) extend the maturity date of the revolving credit facility to the date that is five years after the closing date, (iii) change the borrower entity under the revolving credit facility to SoFi Technologies, Inc., (iv) replace LIBOR as the term benchmark rate applicable to revolving loans denominated in U.S. dollars with a benchmark rate equal to Term SOFR plus a credit spread adjustment of 0.10%, and (v) effect certain other changes. The Amended and Restated Credit Agreement also contains financial covenants that require the Company to maintain a certain amount of unrestricted cash and cash equivalents and to meet certain risk-based capital ratios and a leverage ratio. During the six months ended June 30, 2023, we opened two personal loan warehouse facilities with an aggregate maximum available capacity of $1.0 billion, and closed one risk retention warehouse facility. Our warehouse and securitization debt is secured by a continuing lien and security interest in the loans financed by the proceeds. Within each of our debt facilities, we must comply with certain operating and financial covenants. These financial covenants include, but are not limited to, maintaining: (i) a certain minimum tangible net worth, (ii) minimum unrestricted cash and cash equivalents, (iii) a maximum leverage ratio of total debt to tangible net worth, and (iv) minimum risk-based capital and leverage ratios. Our debt covenants can lead to restricted cash classifications in our condensed consolidated balance sheets. Our subsidiaries are restricted in the amount that can be distributed to the parent company only to the extent that such distributions would cause the financial covenants to not be met. We were in compliance with all financial covenants. We act as a guarantor for our wholly-owned subsidiaries in several arrangements in the case of default. As of June 30, 2023, we have not identified any risks of nonpayment by our wholly-owned subsidiaries. Maturities of Borrowings Future maturities of our outstanding debt with scheduled payments, which included our revolving credit facility and convertible notes, were as follows: June 30, 2023 Remainder of 2023 $ — 2024 — 2025 — 2026 1,200,000 2027 — Thereafter 486,000 Total $ 1,686,000

Equity

Equity	6 Months Ended
Equity	Jun. 30, 2023
Equity [Abstract]
Equity	Note 10. Equity Temporary Equity Pursuant to SoFi Technologies’ Certificate of Incorporation dated May 28, 2021, the Company is authorized to issue 100,000,000 shares of preferred stock having a par value of $0.0001 per share (“SoFi Technologies Preferred Stock”) and 100,000,000 shares of redeemable preferred stock having a par value of $0.0000025 per share (“SoFi Technologies Redeemable Preferred Stock”). The Company’s Board of Directors has the authority to issue SoFi Technologies Preferred Stock and SoFi Technologies Redeemable Preferred Stock and to determine the rights, preferences, privileges and restrictions, including voting rights, of those shares. The authorized shares of SoFi Technologies Redeemable Preferred Stock is inclusive of 4,500,000 shares of Series 1 redeemable preferred stock (“Series 1 Redeemable Preferred Stock”), which reflect the conversion on a one-for-one basis of shares of Social Finance Series 1 preferred stock in conjunction with the Business Combination. Shares of SoFi Technologies Series 1 Redeemable Preferred Stock that are redeemed, purchased or otherwise acquired by the Company will be canceled and may not be reissued by the Company. The Series 1 Redeemable Preferred Stock remains classified as temporary equity because the Series 1 Redeemable Preferred Stock is not fully controlled by the issuer, SoFi Technologies. As of June 30, 2023, there were 3,234,000 shares of Series 1 Redeemable Preferred Stock issued and outstanding, which had an original issuance price of $100.00. Dividends During each of the three months ended June 30, 2023 and 2022 and each of the six months ended June 30, 2023 and 2022, the Series 1 preferred stockholders were entitled to dividends of $10,079 and $20,047, respectively. There were no dividends payable as of June 30, 2023 and December 31, 2022. Permanent Equity On June 1, 2021, the Company’s common stock began trading on the Nasdaq Global Select Market under the ticker symbol “SOFI”. Pursuant to SoFi Technologies’ Certificate of Incorporation, the Company is authorized to issue 3,000,000,000 shares of common stock, with a par value of $0.0001 per share, and 100,000,000 shares of non-voting common stock, with a par value of $0.0001 per share. As of June 30, 2023, the Company had 948,912,761 shares of common stock and no shares of non-voting common stock issued and outstanding. The Company reserved the following common stock for future issuance: June 30, December 31, Outstanding stock options, restricted stock units and performance stock units 116,599,656 107,851,565 Outstanding common stock warrants 12,170,990 12,170,990 Conversion of convertible notes (1) 53,538,000 53,538,000 Possible future issuance under stock plans 46,651,639 26,434,957 Total common stock reserved for future issuance 228,960,285 199,995,512 ____________________ (1) Represents the number of common stock issuable upon conversion of all convertible notes at the conversion rate in effect at the balance sheet date. Dividends Common stockholders and non-voting common stockholders are entitled to dividends when and if declared by the Board of Directors and subject to government regulation over banks and bank holding companies. There were no dividends declared or paid to common stockholders during the six months ended June 30, 2023 and 2022. Accumulated Other Comprehensive Income (Loss) AOCI primarily consists of accumulated net unrealized gains or losses associated with our investments in AFS debt securities and foreign currency translation adjustments. The following table presents the rollforward of AOCI, inclusive of the changes in the components of other comprehensive income (loss): AFS Debt Securities Foreign Currency Translation Adjustments Total Three Months Ended June 30, 2023 AOCI, beginning balance $ (6,363) $ 22 $ (6,341) Other comprehensive income before reclassifications 830 392 1,222 Net current-period other comprehensive income (1)(2) 830 392 1,222 AOCI, ending balance $ (5,533) $ 414 $ (5,119) Three Months Ended June 30, 2022 AOCI, beginning balance $ (5,806) $ (158) $ (5,964) Other comprehensive loss before reclassifications (2,115) (56) (2,171) Amounts reclassified from AOCI into earnings 124 — 124 Net current-period other comprehensive loss (1)(2) (1,991) (56) (2,047) AOCI, ending balance $ (7,797) $ (214) $ (8,011) Six Months Ended June 30, 2023 AOCI, beginning balance $ (8,611) $ 315 $ (8,296) Other comprehensive income before reclassifications 2,906 99 3,005 Amounts reclassified from AOCI into earnings 172 — 172 Net current-period other comprehensive income (1)(2) 3,078 99 3,177 AOCI, ending balance $ (5,533) $ 414 $ (5,119) Six Months Ended June 30, 2022 AOCI, beginning balance $ (1,351) $ (120) $ (1,471) Other comprehensive loss before reclassifications (6,731) (94) (6,825) Amounts reclassified from AOCI into earnings 285 — 285 Net current-period other comprehensive loss (1)(2) (6,446) (94) (6,540) AOCI, ending balance $ (7,797) $ (214) $ (8,011) ____________________ (1) Gross realized gains and losses from sales of our investments in AFS debt securities that were reclassified from AOCI to earnings are recorded within noninterest income—other in the condensed consolidated statements of operations and comprehensive income (loss). There were no reclassifications related to foreign currency translation adjustments during the three and six months ended June 30, 2023 and 2022. (2) There were no material tax impacts during the periods presented due to reserves against deferred tax assets in jurisdictions where other comprehensive loss activity was generated.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
Derivative Financial Instruments	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Note 11. Derivative Financial Instruments The following table presents the gains (losses) recognized on our derivative instruments: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Interest rate swaps (1) $ 114,341 $ 53,419 $ 85,885 $ 187,933 Interest rate caps (1) 328 867 (1,367) 3,490 Home loan pipeline hedges (1) 2,061 15,249 984 38,719 Derivative contracts to manage future loan sale execution risk 116,730 69,535 85,502 230,142 Interest rate swaps (2) 3,292 2,749 2,184 9,068 Interest rate lock commitments (“IRLCs”) (1) 355 4,159 773 (2,639) Interest rate caps (1) (290) (903) 1,481 (3,027) Purchase price earn-out (1)(3) — 211 9 1,042 Third-party warrants (4) 54 (244) 78 (169) Total $ 120,141 $ 75,507 $ 90,027 $ 234,417 _____________________ (1) Recorded within noninterest income—loan origination and sales in the condensed consolidated statements of operations and comprehensive income (loss). (2) Represents derivative contracts to manage securitization investment interest rate risk, which are recorded within noninterest income—securitizations in the condensed consolidated statements of operations and comprehensive income (loss). (3) In conjunction with a loan sale agreement, we are entitled to receive payments from the buyer of the loans underlying the agreement if the internal rate of return (as defined in the loan sale agreement) on such loans exceeds a specified hurdle, subject to a dollar cap. (4) Includes amounts recorded within noninterest income—other, noninterest expense—cost of operations and noninterest expense—general and administrative in the condensed consolidated statements of operations and comprehensive income (loss), the latter of which represents the amortization of a deferred liability recognized at the initial fair value of the third party warrants acquired, as we are also a customer of the third party. Certain derivative instruments are subject to enforceable master netting arrangements. Accordingly, we present our net asset or liability position by counterparty in the condensed consolidated balance sheets. Additionally, since our cash collateral balances do not approximate the fair value of the derivative position, we do not offset our right to reclaim cash collateral or obligation to return cash collateral against recognized derivative assets or liabilities. The following table presents information about derivative instruments subject to enforceable master netting arrangements: June 30, 2023 December 31, 2022 Gross Derivative Assets Gross Derivative Liabilities Gross Derivative Assets Gross Derivative Liabilities Interest rate swaps $ 1,429 $ (313) $ 23,128 $ — Interest rate caps — (7,770) — (9,251) Home loan pipeline hedges 683 (43) 1,484 (80) Total, gross 2,112 (8,126) 24,612 (9,331) Derivative netting (356) 356 (80) 80 Total, net (1) $ 1,756 $ (7,770) $ 24,532 $ (9,251) _____________________ (1) We did not have a cash collateral requirement related to these instruments as of June 30, 2023 and December 31, 2022. The following table presents the notional amount of derivative contracts outstanding: June 30, 2023 December 31, 2022 Derivative contracts to manage future loan sale execution risk: Interest rate swaps $ 6,372,000 $ 5,638,177 Interest rate caps 405,000 405,000 Home loan pipeline hedges 216,000 126,000 Interest rate caps (1) 405,000 405,000 Interest rate swaps (2) 198,000 171,823 IRLCs (3) 142,049 82,335 Total $ 7,738,049 $ 6,828,335 _____________________ (1) We sold an interest rate cap that was subject to master netting to offset an interest rate cap purchase made in conjunction with a contract to manage future loan sale execution risk. (2) Represents interest rate swaps utilized to manage interest rate risk associated with certain of our securitization investments. (3) Amounts correspond with home loan funding commitments subject to IRLC agreements.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 12. Fair Value Measurements Recurring Fair Value Measurements The following table summarizes, by level within the fair value hierarchy, the estimated fair values of our assets and liabilities measured at fair value on a recurring basis in the condensed consolidated balance sheets: June 30, 2023 December 31, 2022 Fair Value Fair Value Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Investments in AFS debt securities (1)(2) $ 329,676 $ 53,106 $ — $ 382,782 $ 137,032 $ 58,406 $ — $ 195,438 Asset-backed bonds (2)(3) — 127,061 — 127,061 — 155,093 — 155,093 Residual investments (2)(3) — — 38,389 38,389 — — 46,238 46,238 Loans at fair value — — 18,213,667 18,213,667 — — 13,557,074 13,557,074 Servicing rights — — 145,663 145,663 — — 149,854 149,854 Third party warrants (4)(5) — — 630 630 — — 630 630 Derivative assets (4)(6)(7) — 2,112 — 2,112 — 24,612 — 24,612 Purchase price earn-out (4)(8) — — — — — — 54 54 IRLCs (4)(9) — — 1,352 1,352 — — 216 216 Student loan commitments (4)(9) — — 189 189 — — — — Interest rate caps (4)(7) — 7,812 — 7,812 — 9,178 — 9,178 Digital assets safeguarding asset (4)(10) — 166,022 — 166,022 — 106,826 — 106,826 Total assets $ 329,676 $ 356,113 $ 18,399,890 $ 19,085,679 $ 137,032 $ 354,115 $ 13,754,066 $ 14,245,213 Liabilities Debt (11) $ — $ 148,362 $ — $ 148,362 $ — $ 89,142 $ — $ 89,142 Residual interests classified as debt — — 11,332 11,332 — — 17,048 17,048 Derivative liabilities (4)(6)(7) — 8,126 — 8,126 — 9,331 — 9,331 Student loan commitments (4)(9) — — — — — — 236 236 Digital assets safeguarding liability (4)(10) — 166,022 — 166,022 — 106,826 — 106,826 Total liabilities $ — $ 322,510 $ 11,332 $ 333,842 $ — $ 205,299 $ 17,284 $ 222,583 _____________________ (1) The investments in AFS debt securities that were classified as Level 2 rely upon observable inputs other than quoted prices, dealer quotes in markets that are not active and implied pricing derived from new issuances of similar securities. See Note 6. Investment Securities for additional information. (2) These assets are presented within investment securities in the condensed consolidated balance sheets. (3) These assets represent the carrying value of our holdings in VIEs wherein we were not deemed the primary beneficiary. See Note 7. Securitization and Variable Interest Entities for additional information. We classify asset-backed bonds as Level 2 due to the use of quoted prices for similar assets in markets that are not active, as well as certain factors specific to us. The key inputs used to value the asset-backed bonds include the discount rate and conditional prepayment rate. The fair value of our asset-backed bonds was not materially impacted by default assumptions on the underlying securitization loans, as the subordinate residual interests are expected to absorb all estimated losses based on our default assumptions for the period. We classify the residual investments as Level 3 due to the reliance on significant unobservable valuation inputs. (4) These assets and liabilities are presented within other assets and accounts payable, accruals and other liabilities , respectively, in the condensed consolidated balance sheets. (5) The key unobservable assumption used in the fair value measurement of the third party warrants was the price of the stock underlying the warrants. The fair value was measured as the difference between the stock price and the strike price of the warrants. As the strike price was insignificant, we concluded that the impact of time value on the fair value measure was immaterial. (6) For certain derivative instruments for which an enforceable master netting agreement exists, we elected to net derivative assets and derivative liabilities by counterparty. These instruments are presented on a gross basis herein. See Note 11. Derivative Financial Instruments for additional information. (7) Home loan pipeline hedges represent to-be-announced (“TBA”) securities used as economic hedges of loan fair values and are classified as Level 2, as we rely on quoted market prices from similar loan pools that transact in the marketplace. Interest rate swaps and interest rate caps are classified as Level 2, because these financial instruments do not trade in active markets with observable prices, but rely on observable inputs other than quoted prices. As of June 30, 2023 and December 31, 2022, interest rate swaps and interest rate caps were valued using the overnight SOFR curve and the implied volatilities suggested by the SOFR rate curve. These were determined to be observable inputs from active markets. (8) The purchase price earn-out provision is classified as Level 3 because of our reliance on unobservable inputs related to the underlying loan portfolio performance, such as conditional prepayment rates, annual default rates and discount rates. (9) IRLCs and student loan commitments are classified as Level 3 because of our reliance on assumed loan funding probabilities. The assumed probabilities are based on our internal historical experience with home loans and student loans similar to those in the funding pipelines on the measurement date. (10) The digital assets safeguarding liability and corresponding safeguarding asset are classified as Level 2, because they do not trade in active markets, and are valued using quoted prices on an active exchange that has been identified as the principal market for the underlying digital assets that are being held by our third-party custodians for the benefit of our members. (11) The fair value of our securitization debt was classified as Level 2 and valued using a discounted cash flow model, with key inputs relating to the underlying contractual coupons, terms, discount rate and expectations for defaults and prepayments. As of June 30, 2023 and December 31, 2022, the unpaid principal related to debt measured at fair value was $159,679 and $98,868, respectively. For the three and six months ended June 30, 2023, gains (losses) from changes in fair value were $311 and $(633), respectively. The estimated amounts of gains (losses) included in earnings attributable to changes in instrument-specific credit risk, which were derived principally from observable changes in credit spread as observed in the bond market, were immaterial. Level 3 Recurring Fair Value Rollforward The following tables present the changes in our assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3). We did not have any transfers into or out of Level 3 during the periods presented. Fair Value at Fair Value at March 31, Impact on Earnings Purchases Sales Issuances Settlements Other Changes June 30, Assets Personal loans $ 10,536,999 $ (25,045) $ 290 $ (50,013) $ 3,740,981 $ (1,451,960) $ (89) $ 12,751,163 Student loans 5,240,059 (32,806) 111,923 (96,678) 395,367 (228,997) (4,947) 5,383,921 Home loans 81,047 (990) 22,363 (266,413) 243,123 (927) 380 78,583 Loans at fair value (1) 15,858,105 (58,841) 134,576 (413,104) 4,379,471 (1,681,884) (4,656) 18,213,667 Servicing rights (2) 146,514 8,925 408 (990) 6,483 (15,677) — 145,663 Residual investments (3) 42,960 (298) — (501) — (3,772) — 38,389 IRLCs (4) 634 989 363 — — (634) — 1,352 Student loan commitments (4) 75 189 — — — (75) — 189 Third party warrants 630 — — — — — — 630 Liabilities Residual interests classified as debt (3) (15,565) 602 (1,203) — — 4,834 — (11,332) Net impact on earnings (48,434) Fair Value at Fair Value at January 1, Impact on Earnings Purchases Sales Issuances Settlements Other Changes June 30, Assets Personal loans $ 8,610,434 $ 61,155 $ 40,329 $ (50,013) $ 6,692,339 $ (2,602,886) $ (195) $ 12,751,163 Student loans 4,877,177 31,893 111,923 (96,678) 920,740 (458,678) (2,456) 5,383,921 Home loans 69,463 (1,484) 22,915 (344,293) 332,910 (1,308) 380 78,583 Loans at fair value (1) 13,557,074 91,564 175,167 (490,984) 7,945,989 (3,062,872) (2,271) 18,213,667 Servicing rights (2) 149,854 21,009 1,021 (1,125) 7,437 (32,533) — 145,663 Residual investments (3) 46,238 806 — (807) — (7,848) — 38,389 Purchase price earn out (5) 54 9 — — — (63) — — IRLCs (4) 216 1,623 363 — — (850) — 1,352 Student loan commitments (4) (236) 264 — — — 161 — 189 Third party warrants 630 — — — — — — 630 Liabilities Residual interests classified as debt (3) (17,048) 513 (1,203) — — 6,406 — (11,332) Net impact on earnings 115,788 Fair Value at Fair Value at March 31, Impact on Earnings Purchases Sales Issuances Settlements Other Changes June 30, Assets Personal loans $ 3,118,788 $ 35,885 $ 67,189 $ (1,123,898) $ 2,471,849 $ (461,178) $ 1,110 $ 4,109,745 Student loans 3,737,439 (350) 5,274 (259,690) 398,722 (167,049) 29 3,714,375 Home loans 146,658 (292) 330 (342,780) 332,047 (701) — 135,262 Loans at fair value (1) 7,002,885 35,243 72,793 (1,726,368) 3,202,618 (628,928) 1,139 7,959,382 Servicing rights (2) 173,505 9,098 1,317 (177) 15,132 (21,911) — 176,964 Residual investments (3) 106,677 290 — (220) — (11,769) — 94,978 Purchase price earn out (5) 2,285 212 — — — (1,872) — 625 IRLCs (4) (3,039) 1,120 — — — 3,039 — 1,120 Third party warrants (6) 1,227 (461) — — — — — 766 Liabilities Residual interests classified as debt (3) (70,532) (2,662) — — — 18,758 — (54,436) Student loan commitments (4) 23 (254) — — — (23) — (254) Net impact on earnings 42,586 Fair Value at Fair Value at January 1, Impact on Earnings Purchases Sales Issuances Settlements Other Changes June 30, Assets Personal loans $ 2,289,426 $ 26,869 $ 227,937 $ (2,101,818) $ 4,497,853 $ (833,632) $ 3,110 $ 4,109,745 Student loans 3,450,837 (44,646) 121,707 (803,840) 1,382,526 (394,164) 1,955 3,714,375 Home loans 212,709 (9,454) 828 (708,150) 644,430 (5,101) — 135,262 Loans at fair value (1) 5,952,972 (27,231) 350,472 (3,613,808) 6,524,809 (1,232,897) 5,065 7,959,382 Servicing rights (2) 168,259 20,678 1,946 (1,587) 31,618 (43,950) — 176,964 Residual investments (3) 121,019 1,052 — (220) — (26,873) — 94,978 Purchase price earn out (5) 4,272 1,042 — — — (4,689) — 625 IRLCs (4) 3,759 (1,919) — — — (720) — 1,120 Third party warrants (6) 1,369 (603) — — — — — 766 Liabilities Residual interests classified as debt (3) (93,682) (5,625) — — — 44,871 — (54,436) Student loan commitments (4) 2,220 (231) — — — (2,243) — (254) Net impact on earnings (12,837) _____________________ (1) For loans at fair value, purchases reflect unpaid principal balance and relate to previously transferred loans. Purchase activity included securitization clean-up calls of $39,936 during the six months ended June 30, 2023, and $60,240 and $335,739 during the three and six months ended June 30, 2022, respectively. There were no securitization clean-up calls during the three months ended June 30, 2023. The remaining purchases during the periods presented related to standard representations and warranties pursuant to our various loan sale agreements. Issuances represent the principal balance of loans originated during the period. Settlements represent principal payments made on loans during the period. Other changes represent fair value adjustments that impact the balance sheet primarily associated with whole loan strategic repurchases, clean up calls and consolidated securitizations. Impacts on earnings for loans at fair value are recorded within interest income—loans , within noninterest income—loan origination and sales and —securitizations , and within noninterest expense—general and administrative in the condensed consolidated statements of operations and comprehensive income (loss). (2) For servicing rights, impacts on earnings are recorded within noninterest income—servicing in the condensed consolidated statements of operations and comprehensive income (loss). (3) For residual investments, sales include the derecognition of investments associated with securitization clean up calls. The estimated amounts of gains and losses for residual investments included in earnings attributable to changes in instrument-specific credit risk were immaterial during the periods presented. For residual investments and residual interests classified as debt, impacts on earnings are recorded within noninterest income—securitizations in the condensed consolidated statements of operations and comprehensive income (loss), a portion of which is subsequently reclassified to interest expense—securitizations and warehouses for residual interests classified as debt and to interest income—securitizations for residual investments, but does not impact the liability or asset balance, respectively. (4) For IRLCs and student loan commitments, settlements reflect funded and unfunded adjustments representing the unpaid principal balance of funded and unfunded loans during the quarter multiplied by the IRLC or student loan commitment price in effect at the beginning of the quarter. Purchases of IRLCs during the three months ended June 30, 2023 were associated with our acquisition of Wyndham. For year-to-date periods, amounts represent the summation of the per-quarter effects. For IRLCs and student loan commitments, impacts on earnings are recorded within noninterest income—loan origination and sales in the condensed consolidated statements of operations and comprehensive income (loss). (5) For purchase price earn out, impacts on earnings are recorded within noninterest income—loan origination and sales in the condensed consolidated statements of operations and comprehensive income (loss). (6) For third party warrants, impacts on earnings are recorded within noninterest income—other in the condensed consolidated statements of operations and comprehensive income (loss). Loans at Fair Value Gains and losses recognized in earnings include changes in accumulated interest and fair value adjustments on loans originated during the period and on loans held at the balance sheet date, as well as loan charge-offs. Changes in fair value are primarily impacted by valuation assumption changes as well as sales price execution. The estimated amount of gains (losses) included in earnings attributable to changes in instrument-specific credit risk were $2,741 and $(47,788) during the three and six months ended June 30, 2023, respectively, and $(23,221) and $(16,725) during the three and six months ended June 30, 2022, respectively. The gains (losses) attributable to instrument-specific credit risk were estimated by incorporating our current default and loss severity assumptions for the loans. These assumptions are based on historical performance, market trends and performance expectations over the term of the underlying instrument. Level 3 Significant Inputs Fair value is defined as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Level 3 fair value measurements include unobservable inputs for assets or liabilities for which there is little or no market data, which requires us to develop our own assumptions. These unobservable assumptions reflect estimates of inputs that market participants would use in pricing the asset or liability. Valuation techniques include the use of option pricing models, discounted cash flow models, or similar techniques, which incorporate management’s own estimates of assumptions that market participants would use in pricing the asset or liability. Loans The following key unobservable assumptions were used in the fair value measurement of our loans: June 30, 2023 December 31, 2022 Range Weighted Average Range Weighted Average Personal loans Conditional prepayment rate 14.8% – 26.9% 19.0% 17.3% – 25.5% 19.1% Annual default rate 4.0% – 47.6% 4.6% 3.8% – 37.7% 4.4% Discount rate 5.9% – 8.8% 6.1% 5.4% – 8.3% 6.1% Student loans Conditional prepayment rate 8.8% – 13.4% 10.6% 16.3% – 21.8% 20.4% Annual default rate 0.3% – 4.5% 0.5% 0.2% – 4.5% 0.5% Discount rate 4.0% – 8.7% 4.4% 3.6% – 8.7% 4.0% Home loans Conditional prepayment rate 2.0% – 10.6% 7.5% 2.0% – 10.2% 7.0% Annual default rate 0.1% – 1.1% 0.1% 0.1% – 1.3% 0.1% Discount rate 5.3% – 14.5% 5.8% 5.7% – 14.1% 5.9% The key assumptions are defined as follows: • Conditional prepayment rate — The monthly annualized proportion of the principal of a pool of loans that is assumed to be paid off prematurely in each period. An increase in the conditional prepayment rate, in isolation, would result in a decrease in a fair value measurement. The weighted average assumption was weighted based on relative fair value. • Annual default rate — The annualized rate of borrowers who do not make loan payments on time. An increase in the annual default rate, in isolation, would result in a decrease in a fair value measurement. The weighted average assumption was weighted based on relative fair value. • Discount rate — The weighted average rate at which the expected cash flows are discounted to arrive at the net present value of the loans. The discount rate is primarily determined based on an underlying benchmark rate curve and spread(s), the latter of which is determined based on factors including, but not limited to, weighted average coupon rate, prepayment rate, default rate and resulting expected duration of the assets. An increase in the discount rate, in isolation, would result in a decrease in a fair value measurement. The weighted average assumption was weighted based on relative fair value. See Note 4. Loans for additional loan fair value disclosures. Servicing Rights Servicing rights for personal loans and student loans do not trade in an active market with readily observable prices. Similarly, home loan servicing rights infrequently trade in an active market. At the time of the underlying loan sale or the assumption of servicing rights, the fair value of servicing rights is determined using a discounted cash flow methodology based on observable and unobservable inputs. Management classifies servicing rights as Level 3 due to the use of significant unobservable inputs in the fair value measurement. The following key unobservable inputs were used in the fair value measurement of our classes of servicing rights: June 30, 2023 December 31, 2022 Range Weighted Average Range Weighted Average Personal loans Market servicing costs 0.2% – 0.6% 0.3% 0.2% – 0.5% 0.3% Conditional prepayment rate 18.1% – 29.9% 24.5% 17.9% – 31.3% 22.7% Annual default rate 3.2% – 15.0% 6.8% 3.4% – 7.9% 4.9% Discount rate 8.3% – 8.3% 8.3% 7.8% – 7.8% 7.8% Student loans Market servicing costs 0.1% – 0.2% 0.1% 0.1% – 0.2% 0.1% Conditional prepayment rate 8.7% – 15.2% 12.4% 15.4% – 21.9% 17.8% Annual default rate 0.3% – 3.7% 0.5% 0.3% – 4.3% 0.4% Discount rate 8.3% – 8.3% 8.3% 7.8% – 7.8% 7.8% Home loans Market servicing costs 0.1% – 0.1% 0.1% 0.1% – 0.1% 0.1% Conditional prepayment rate 4.9% – 11.9% 5.6% 4.9% – 11.0% 5.2% Annual default rate 0.1% – 0.2% 0.1% 0.1% – 0.1% 0.1% Discount rate 9.0% – 9.0% 9.0% 9.0% – 9.0% 9.0% The key assumptions are defined as follows: • Market servicing costs — The fee a willing market participant, which we validate through actual third-party bids for our servicing, would require for the servicing of personal loans, student loans and home loans with similar characteristics as those in our serviced portfolio. An increase in the market servicing cost, in isolation, would result in a decrease in a fair value measurement. The weighted average assumption was weighted based on relative fair value. • Conditional prepayment rate — The monthly annualized proportion of the principal of a pool of loans that is assumed to be paid off prematurely in each period. An increase in the conditional prepayment rate, in isolation, would result in a decrease in a fair value measurement. The weighted average assumption was weighted based on relative fair value. • Annual default rate — The annualized rate of default within the total serviced loan balance. An increase in the annual default rate, in isolation, would result in a decrease in a fair value measurement. The weighted average assumption was weighted based on relative fair value. • Discount rate — The weighted average rate at which the expected cash flows are discounted to arrive at the net present value of the servicing rights. An increase in the discount rate, in isolation, would result in a decrease in a fair value measurement. The weighted average assumption was weighted based on relative fair value. The following table presents the estimated decrease to the fair value of our servicing rights if the key assumptions had each of the below adverse changes: June 30, 2023 December 31, 2022 Market servicing costs 2.5 basis points increase $ (10,558) $ (10,395) 5.0 basis points increase (21,116) (20,807) Conditional prepayment rate 10% increase $ (3,548) $ (4,036) 20% increase (6,926) (7,833) Annual default rate 10% increase $ (170) $ (166) 20% increase (339) (331) Discount rate 100 basis points increase $ (4,098) $ (3,905) 200 basis points increase (7,932) (7,562) The sensitivity calculations above are hypothetical and should not be considered to be predictive of future performance. The effect on fair value of a variation in assumptions generally cannot be determined because the relationship of the change in assumptions to the fair value may not be linear. Additionally, the effect of an adverse variation in a particular assumption on the fair value of our servicing rights is calculated while holding the other assumptions constant. In reality, changes in one factor may lead to changes in other factors, which could impact the above hypothetical effects. Residual Investments and Residual Interests Classified as Debt Residual investments and residual interests classified as debt do not trade in active markets with readily observable prices, and there is limited observable market data for reference. The fair values of residual investments and residual interests classified as debt are determined using a discounted cash flow methodology. Management classifies residual investments and residual interests classified as debt as Level 3 due to the use of significant unobservable inputs in the fair value measurements. The following key unobservable inputs were used in the fair value measurements of our residual investments and residual interests classified as debt: June 30, 2023 December 31, 2022 Range Weighted Average Range Weighted Average Residual investments Conditional prepayment rate 12.6% – 28.4% 14.5% 17.9% – 32.0% 19.9% Annual default rate 0.4% – 6.3% 1.2% 0.4% – 5.4% 1.1% Discount rate 5.5% – 10.5% 7.4% 4.8% – 10.5% 6.7% Residual interests classified as debt Conditional prepayment rate 12.7% – 13.6% 12.9% 17.2% – 18.1% 17.8% Annual default rate 0.6% – 0.9% 0.7% 0.6% – 0.8% 0.7% Discount rate 8.8% – 9.3% 8.8% 7.5% – 7.5% 7.5% The key assumptions are defined as follows: • Conditional prepayment rate — The monthly annualized proportion of the principal of a pool of loans that is assumed to be paid off prematurely in each period for the pool of loans in the securitization. An increase in the conditional prepayment rate, in isolation, would result in a decrease in a fair value measurement. The weighted average assumption was weighted based on relative fair value. • Annual default rate — The annualized rate of borrowers who fail to remain current on their loans for the pool of loans in the securitization. An increase in the annual default rate, in isolation, would result in a decrease in a fair value measurement. The weighted average assumption was weighted based on relative fair value. • Discount rate — The weighted average rate at which the expected cash flows are discounted to arrive at the net present value of the residual investments and residual interests classified as debt. An increase in the discount rate, in isolation, would result in a decrease in a fair value measurement. The weighted average assumption was weighted based on relative fair value. Loan Commitments We classify student loan commitments as Level 3 because the assets do not trade in an active market with readily observable prices and, as such, our valuations utilize significant unobservable inputs. Additionally, we classify IRLCs as Level 3, as our IRLCs are inherently uncertain and unobservable given that a home loan origination is contingent on a plethora of factors. The following key unobservable inputs were used in the fair value measurements of our IRLCs and student loan commitments: June 30, 2023 December 31, 2022 Range Weighted Average Range Weighted Average IRLCs Loan funding probability (1) 25.0% – 82.0% 82.0% 11.1% – 58.6% 46.3% Student loan commitments Loan funding probability (1) 95.0% – 95.0% 95.0% 95.0% – 95.0% 95.0% ___________________ (1) The aggregate amount of student loans we committed to fund was $22,628 as of June 30, 2023. The higher assumptions in the second quarter of 2023 reflect the home loan funding pipeline associated with our acquisition of Wyndham. See Note 11. Derivative Financial Instruments for the aggregate notional amount associated with IRLCs. The key assumption is defined as follows: • Loan funding probability — Our expectation of the percentage of IRLCs or student loan commitments which will become funded loans. A significant difference between the actual funded rate and the assumed funded rate at the measurement date could result in a significantly higher or lower fair value measurement of our IRLCs and student loan commitments. An increase in the loan funding probabilities, in isolation, would result in an increase in a fair value measurement. The weighted average assumptions were weighted based on relative fair values. Safeguarding Assets and Liabilities Through our SoFi Invest product (via our wholly-owned subsidiary, SoFi Digital Assets, LLC, a licensed money transmitter), our members can invest in digital assets. We engage third parties to provide custodial services for our digital assets offering, which includes holding the cryptographic key information and working to protect the digital assets from loss or theft. The third-party custodians hold digital assets as custodial assets in an account in SoFi’s name for the benefit of our members. We maintain the internal recordkeeping of our members’ digital assets, including the amount and type of digital assets owned by each of our members in the custodial accounts. We currently utilize two third-party custodians. Therefore, we have concentration risk in the event the custodians are not able to perform in accordance with our agreements. As of June 30, 2023, we did not identify any loss events. The following table presents the significant digital assets held by our third-party custodians on behalf of our members: June 30, 2023 December 31, 2022 Bitcoin (BTC) $ 82,008 $ 44,346 Ethereum (ETH) 55,522 37,826 Cardano (ADA) (1) 4,532 5,217 Dogecoin (DOGE) 4,954 4,784 Solana (SOL) (1) 2,174 1,588 Litecoin (LTC) 3,547 2,492 Ethereum Classic (ETC) 2,974 2,333 All other (1)(2) 10,311 8,240 Digital assets safeguarding liability and corresponding safeguarding asset $ 166,022 $ 106,826 ___________________ (1) Effective June 9, 2023, we ended support of these digital assets, as well as several others included in the “all other” category. (2) Includes 23 digital assets as of June 30, 2023 and December 31, 2022, respectively, none of which were determined to be individually significant. Financial Instruments Not Measured at Fair Value The following table summarizes the carrying values and estimated fair values, by level within the fair value hierarchy, of our assets and liabilities that are not measured at fair value on a recurring basis in the condensed consolidated balance sheets: Fair Value Carrying Value Level 1 Level 2 Level 3 Total June 30, 2023 Assets Cash and cash equivalents (1) $ 3,015,652 $ 3,015,652 $ — $ — $ 3,015,652 Restricted cash and restricted cash equivalents (1) 485,476 485,476 — — 485,476 Loans at amortized cost (2) 347,551 — — 369,241 369,241 Other investments (3) 42,543 — 42,543 — 42,543 Total assets $ 3,891,222 $ 3,501,128 $ 42,543 $ 369,241 $ 3,912,912 Liabilities Deposits (4) $ 12,740,073 $ — $ 12,733,702 $ — $ 12,733,702 Debt (5) 6,335,964 945,000 5,155,958 — 6,100,958 Total liabilities $ 19,076,037 $ 945,000 $ 17,889,660 $ — $ 18,834,660 December 31, 2022 Assets Cash and cash equivalents (1) $ 1,421,907 $ 1,421,907 $ — $ — $ 1,421,907 Restricted cash and restricted cash equivalents (1) 424,395 424,395 — — 424,395 Loans at amortized cost (2) 307,957 — — 328,775 328,775 Other investments (3) 28,651 — 28,651 — 28,651 Total assets $ 2,182,910 $ 1,846,302 $ 28,651 $ 328,775 $ 2,203,728 Liabilities Deposits (4) $ 7,342,296 $ — $ 7,340,160 $ — $ 7,340,160 Debt (5) 5,396,740 826,242 4,219,574 — 5,045,816 Total liabilities $ 12,739,036 $ 826,242 $ 11,559,734 $ — $ 12,385,976 ___________________ (1) The carrying amounts of our cash and cash equivalents and restricted cash and restricted cash equivalents approximate their fair values due to the short-term maturities and highly liquid nature of these accounts. (2) The fair value of our credit cards was determined using a discounted cash flow model with key inputs relating to weighted average lives, expected lifetime loss rates and discount rate. The fair value of our commercial and consumer banking loans was determined using a discounted cash flow model with key inputs relating to the underlying contractual coupons, terms, discount rate and expectations for defaults. (3) Other investments include Federal Reserve Bank (“FRB”) stock and FHLB stock, which are presented within other assets in the condensed consolidated balance sheets. (4) The fair values of our deposits without contractually defined maturities (such as demand and savings deposits) and our noninterest-bearing deposits approximate their carrying values. The fair value of our time-based deposits was determined using a discounted cash flow model based on rates currently offered for deposits of similar remaining maturities. (5) The carrying value of our debt is net of unamortized discounts and debt issuance costs. The fair value of our convertible notes was classified as Level 1, as it was based on an observable market quote. The fair values of our warehouse facility debt and revolving credit facility debt were classified as Level 2 and based on market factors and credit factors specific to these financial instruments. The fair value of our securitization debt was classified as Level 2 and valued using a discounted cash flow model, with key inputs relating to the underlying contractual coupons, terms, discount rate and expectations for defaults and prepayments. Nonrecurring Fair Value Measurements Investments in equity securities of $22,861 and $22,825 as of June 30, 2023 and December 31, 2022, respectively, which are presented within other assets in the condensed consolidated balance sheets, include investments for which fair values are not readily determinable, which we elect to measure using the measurement alternative method of accounting. The fair value measurements are classified within Level 3 of the fair value hierarchy due to the use of unobservable inputs in the fair value measurements. The balances were primarily composed of a $19,739 investment valued under the measurement alternative method during 2022 that was a former equity method investment.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
Share-Based Compensation	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Note 13. Share-Based Compensation The 2021 Stock Option and Incentive Plan (the “2021 Plan”) allows for the issuance of stock options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”) (including performance stock units, or “PSUs”), dividend equivalents and other stock or cash based awards for issuance to its employees, non-employee directors and non-employee third parties. Shares associated with option exercises and RSU vesting are issued from the authorized pool. Effective January 1, 2023, we approved a plan to allow our non-employee directors to elect, on an annual basis, to defer their cash retainers into equity awards that are immediately vested, and/or to defer their RSU grants, which vest in accordance with the grant terms (collectively referred to as deferred stock units, or “DSUs”). DSUs are equity awards that entitle the holder to shares of our common stock when the awards vest. Directors may choose to receive their deferred stock distributions in a lump sum or in installments over different time periods. DSUs are measured based on the fair value of our common stock on the date of grant. As of June 30, 2023, there were no DSU awards outstanding. Share-based compensation expense related to stock options, RSUs and PSUs is presented within the following line items in the condensed consolidated statements of operations and comprehensive income (loss): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Technology and product development $ 24,391 $ 18,342 $ 42,619 $ 35,834 Sales and marketing 7,353 6,008 13,940 11,141 Cost of operations 2,895 4,816 4,395 8,959 General and administrative 41,239 50,976 79,150 101,229 Total $ 75,878 $ 80,142 $ 140,104 $ 157,163 Total compensation and benefits, inclusive of share-based compensation expense, was $226,248 and $442,663 for the three and six months ended June 30, 2023, respectively, and $210,209 and $398,018 for the three and six months ended June 30, 2022, respectively. Compensation and benefits expenses are presented within each of the financial statement line items within noninterest expense in the condensed consolidated statements of operations and comprehensive income (loss). Stock Options The following is a summary of stock option activity: Number of Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Outstanding as of January 1, 2023 18,749,679 $ 7.43 4.7 Exercised (252,311) 2.31 Expired (46,226) 6.67 Outstanding as of June 30, 2023 18,451,142 $ 7.50 4.2 Exercisable as of June 30, 2023 18,425,768 $ 7.50 4.2 Total compensation cost related to unvested stock options not yet recognized as of June 30, 2023 was immaterial. Restricted Stock Units RSUs are equity awards granted to employees that entitle the holder to shares of our common stock when the awards vest. RSUs are measured based on the fair value of our common stock on the date of grant. The following table summarizes RSU activity: Number of Weighted Average Grant Date Fair Value Outstanding as of January 1, 2023 69,538,139 $ 9.07 Granted 32,568,512 6.18 Vested (1) (15,699,311) 8.64 Forfeited (6,160,789) 9.05 Outstanding as of June 30, 2023 80,246,551 $ 8.01 ________________________ (1) The total fair value, based on grant date fair value, of RSUs that vested during the six months ended June 30, 2023 was $135.6 million. As of June 30, 2023, there was $593.9 million of unrecognized compensation cost related to unvested RSUs, which will be recognized over a weighted average period of approximately 2.4 years. Performance Stock Units The following table summarizes PSU activity: Number of Weighted Average Grant Date Fair Value Outstanding as of January 1, 2023 19,563,747 $ 9.84 Forfeited (1,661,784) 7.51 Outstanding as of June 30, 2023 17,901,963 $ 10.05

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 14. Income Taxes For interim periods, we follow the general recognition approach whereby tax expense is recognized using an estimated annual effective tax rate, which is applied to the year-to-date operating results. Additionally, we recognize tax expense or benefit for any discrete items occurring within the interim period that were excluded from the estimated annual effective tax rate. Our effective tax rate may be subject to fluctuations during the year due to impacts from the following items: (i) changes in forecasted pre-tax and taxable income or loss, (ii) changes in statutory law or regulations in jurisdictions where we operate, (iii) audits or settlements with taxing authorities, (iv) the tax impact of expanded product offerings or business acquisitions, and (v) changes in valuation allowance assumptions. For the three and six months ended June 30, 2023, we recorded income tax benefit of $1,780 and $3,417, respectively. For the three and six months ended June 30, 2022, we recorded income tax expense of $(119) and $(871), respectively. Income taxes were primarily attributable to tax expense associated with the profitability of SoFi Bank in state jurisdictions where separate filings are required. For the three and six month 2023 periods, this expense was more than offset by income tax benefits from foreign losses in jurisdictions with net deferred tax liabilities related to Technisys. There were no material changes to our unrecognized tax benefits d uring the six months ended June 30, 2023, and we do not expect any other significant increases or decreases to unrecognized tax benefits within the next twelve months. During the six months ended June 30, 2023, we maintained a full valuation allowance against our net deferred tax assets in applicable jurisdictions. In certain foreign and state jurisdictions where sufficient deferred tax liabilities exist, no valuation allowance is recognized. We will continue to recognize a full valuation allowance until there is sufficient positive evidence to support its release.

Commitments, Guarantees, Concen

Commitments, Guarantees, Concentrations and Contingencies	6 Months Ended
Commitments, Guarantees, Concentrations and Contingencies	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments, Guarantees, Concentrations and Contingencies	Note 15. Commitments, Guarantees, Concentrations and Contingencies Leases and Occupancy Our leases consist of operating and finance leases, the latter of which expire in 2040. Operating Leases We primarily lease our office premises under multi-year, non-cancelable operating leases. Our operating leases have terms expiring from 2023 to 2040, exclusive of renewal option periods. Our office leases contain renewal option periods ranging from one noninterest expense—general and administrative in the condensed consolidated statements of operations and comprehensive income (loss) related to a sublease arrangement of an office premise. Fair value was determined using a discounted cash flow methodology. Occupancy Occupancy-related costs, which primarily relate to the operations of our leased office spaces, were $7,773 and $14,980 during the three and six months ended June 30, 2023, respectively, and $8,559 and $16,497 during the three and six months ended June 30, 2022, respectively. Occupancy-related expenses are presented within each of the financial statement line items within noninterest expense in the condensed consolidated statements of operations and comprehensive income (loss). Concentrations Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash and cash equivalents, restricted cash and restricted cash equivalents, residual investments and loans. We hold cash and cash equivalents and restricted cash and restricted cash equivalents in accounts at regulated domestic financial institutions in amounts that may exceed FDIC insured amounts. We believe these institutions are of high credit quality. We are dependent on third-party funding sources to originate loans, as well as our deposit balances. Additionally, we sell loans to various third parties. We have historically sold loans to a limited pool of third-party buyers. No individual third-party buyer accounted for 10% or more of consolidated total net revenues for the periods presented. Within our Technology Platform segment, we have a relatively smaller number of clients compared to our lending and financial services businesses. As such, the loss of one or a few of our top clients could be significant to that portion of our business. No individual client accounted for 10% or more of consolidated total net revenues for the periods presented. The Company is exposed to default risk on borrower loans originated and financed by us. There is no single borrower or group of borrowers that comprise a significant concentration of the Company’s loan portfolio. Likewise, the Company is not overly concentrated within a group of channel partners or other customers, with the exception of our distribution of personal loan residual interests in our sponsored personal loan securitizations, which we market to third parties, and the aforementioned whole loan buyers. Given we have a limited number of prospective buyers for our personal loan securitization residual interests, this might result in us utilizing a significant amount of deposits or our own capital to fund future residual interests in personal loan securitizations, or impact the execution of future securitizations if we are limited in our own ability to invest in the residual interest portion of future securitizations, or find willing buyers for securitization residual interests. Contingencies Legal Proceedings In limited instances, the Company may be subject to a variety of claims and lawsuits in the ordinary course of business. Regardless of the final outcome, defending lawsuits, claims, government investigations, and proceedings in which we are involved is costly and can impose a significant burden on management and employees, and there can be no assurances that we will receive favorable final outcomes. Juarez et al v. SoFi Lending Corp. SoFi Lending Corp. and SoFi (collectively, the “SoFi Defendants”) are defendants in a putative class action, captioned as Juarez v. Social Finance, Inc. et al., Civil Action No. 4:20-cv-03386-HSG (N.D. Cal.), filed against them in the United States District Court for the Northern District of California in May 2020. Plaintiffs, who are conditional permanent residents or Deferred Access for Childhood Arrival (“DACA”) holders, allege that the SoFi Defendants engaged in unlawful lending discrimination in violation of 42 U.S.C. § 1981 and California Civil Code, § 51, et seq., through policies and practices by making such categories of applicants ineligible for loans or eligible only with a co-signer who is a United States citizen or lawful permanent resident. Plaintiffs further allege that the SoFi Defendants violated the Fair Credit Reporting Act, by accessing the credit reports of non-United States citizen loan applicants who hold green cards with a validity period of less than two years without a permissible purpose. In April 2022, the parties executed a settlement agreement, which was approved by the court in July 2023. SoFi paid an immaterial amount under the terms of the settlement agreement in July 2023. Guarantees We have three types of repurchase obligations that we account for as financial guarantees, which are disclosed in our Annual Report on Form 10-K. In the event of a repurchase, we are typically required to pay the purchase price of the loans transferred. As of June 30, 2023 and December 31, 2022, we accrued liabilities within accounts payable, accruals and other liabilities in the condensed consolidated balance sheets of $3.7 million and $1.4 million, respectively, related to our estimated repurchase obligation, the former of which includes liabilities assumed in our acquisition of Wyndham. The corresponding charges for changes in the estimated obligation are recorded within noninterest income—loan origination and sales in the condensed consolidated statements of operations and comprehensive income (loss). As of June 30, 2023 and December 31, 2022, the amounts associated with loans sold that were subject to the terms and conditions of our repurchase obligations totaled $5.4 billion and $5.1 billion, respectively. As of June 30, 2023 and December 31, 2022, we had a total of $8.6 million and $9.1 million, respectively, in letters of credit outstanding with financial institutions, which were issued for the purpose of securing certain of our operating lease obligations. A portion of the letters of credit was collateralized by $2.6 million and $3.1 million of our cash as of June 30, 2023 and December 31, 2022, respectively, which is included within restricted cash and restricted cash equivalents in the condensed consolidated balance sheets. As of June 30, 2023 and December 31, 2022, we had a total of $13.7 million and $11.7 million, respectively, in letters of credit outstanding with the FHLB, which serve as collateral for public deposits and were collateralized by loans. Mortgage Banking Regulatory Mandates We are subject to certain state-imposed minimum net worth requirements for the states in which we are engaged in the business of a residential mortgage lender. Noncompliance with these requirements on an annual basis could result in potential fines or penalties imposed by the applicable state. Future events or changes in mandates may affect our ability to meet mortgage banking regulatory requirements. As of June 30, 2023 and December 31, 2022, we were in compliance with all minimum net worth requirements and, therefore, have not accrued any liabilities related to fines or penalties.

Loss Per Share

Loss Per Share	6 Months Ended
Loss Per Share	Jun. 30, 2023
Earnings Per Share [Abstract]
Loss Per Share	Note 16. Loss Per Share We compute loss per share attributable to common stock using the two-class method required for participating interests. Series 1 Redeemable Preferred Stock has preferential cumulative dividend rights. For each period presented, we increased net loss by the contractual amount of dividends payable to holders of Series 1 Redeemable Preferred Stock. Basic loss per share of common stock was computed by dividing net loss, adjusted for the impact of Series 1 Redeemable Preferred Stock dividends, by the weighted average number of shares of common stock outstanding during the period. We excluded the effect of all potentially dilutive common stock elements from the denominator in the computation of diluted loss per share, as their inclusion would have been anti-dilutive. The calculations of basic and diluted loss per share were as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Numerator: Net loss $ (47,549) $ (95,835) $ (81,971) $ (206,192) Less: Redeemable preferred stock dividends (10,079) (10,079) (20,047) (20,047) Net loss attributable to common stockholders – basic and diluted $ (57,628) $ (105,914) $ (102,018) $ (226,239) Denominator: Weighted average common stock outstanding – basic 936,569,420 910,046,750 932,926,222 881,608,165 Weighted average common stock outstanding – diluted 936,569,420 910,046,750 932,926,222 881,608,165 Loss per share – basic $ (0.06) $ (0.12) $ (0.11) $ (0.26) Loss per share – diluted $ (0.06) $ (0.12) $ (0.11) $ (0.26) We excluded the effect of the below elements from our calculation of diluted loss per share, as their inclusion would have been anti-dilutive, as there were no earnings attributable to common stockholders. These amounts represent the number of instruments outstanding at the end of the period. June 30, 2023 2022 Common stock options 18,451,142 19,634,712 Common stock warrants 12,170,990 12,170,990 Unvested RSUs 80,246,551 60,741,866 Unvested PSUs 17,901,963 21,797,374 Convertible notes (1) 53,538,000 53,538,000 Contingent common stock (2) 61,145 6,903,663 Potentially issuable contingent common stock (3) — 598,068 ________________________ (1) Represents the shares of common stock issuable upon conversion of all convertible notes at the conversion rate in effect at the date indicated. (2) As of June 30, 2023, includes contingently returnable common stock in connection with the Technisys Merger, which consists of shares that continue to be held in escrow pending resolution of outstanding indemnification claims by SoFi. See Note 2. Business Combinations for additional information. (3) As of June 30, 2022, included the maximum amount of potentially issuable contingent common stock in connection with the Technisys Merger, which was pending final agreement regarding a closing net working capital calculation specified in the merger agreement.

Business Segment Information

Business Segment Information	6 Months Ended
Business Segment Information	Jun. 30, 2023
Segment Reporting [Abstract]
Business Segment Information	Note 17. Business Segment Information Segment Organization and Reporting Framework We have three reportable segments: Lending, Technology Platform and Financial Services. Each of our reportable segments is a strategic business unit that serves specific needs of our members based on the products and services provided. The segments are based on the manner in which management views the financial performance of the business. The reportable segments also reflect our organizational structure. Each segment has a segment manager who reports directly to the Chief Operating Decision Maker (“CODM”). The CODM has ultimate authority and responsibility over resource allocation decisions and performance assessment. The operations of acquired businesses have been integrated into, or managed as part of, our existing reportable segments. Activities that are not part of a reportable segment, such as management of our corporate investment portfolio and asset/liability management by our centralized treasury function (as further discussed below), are included in the Corporate/Other non-reportable segment. Contribution profit (loss) is the primary measure of segment profit and loss reviewed by the CODM and is intended to measure the direct profitability of each segment in the manner in which management evaluates performance and makes decisions about funding our operations and allocating resources. Contribution profit (loss) is defined as total net revenue for each reportable segment less: • fair value changes in servicing rights and residual interests classified as debt that are attributable to assumption changes, which impact the contribution profit within the Lending segment. These fair value changes are non-cash in nature and are not realized in the period; therefore, they do not impact the amounts available to fund our operations; and • expenses directly attributable to the corresponding reportable segment. Directly attributable expenses primarily include compensation and benefits and sales and marketing, and vary based on the amount of activity within each segment. Directly attributable expenses also include loan origination and servicing expenses, professional services, product fulfillment, lead generation and occupancy-related costs. Expenses are attributed to the reportable segments using either direct costs of the segment or labor costs that can be attributed based upon the allocation of employee time for individual products. We apply a funds transfer pricing (“FTP”) framework to attribute net interest income to our business segments based on their usage and/or provision of funding. The primary objective of the FTP framework is to transfer interest rate risk from the business segments by providing matched duration of funding of assets and liabilities to allocate interest income and interest expense to each segment. Therefore, the financial impact, management and reporting of interest rate risk is centralized in Corporate/Other, where it is monitored and managed. The application of the FTP framework impacts the measure of net interest income and, thereby, total net revenue and contribution profit (loss) for our Lending and Financial Services segments, as well as the total net revenue of Corporate/Other, but has no impact on our consolidated results of operations. Assets are not allocated to reportable segments, as our CODM does not evaluate reportable segments using discrete asset information. Segment Information Lending. The Lending segment includes our personal loan, student loan and home loan products and the related servicing activities. Revenues in the Lending segment are driven by changes in the fair value of our whole loans and securitization interests (inclusive of our economic hedging activities), gains or losses recognized on transfers that meet the true sale requirements, and our servicing-related activities, which mainly consist of servicing fees and the changes in our servicing assets over time. In our Lending segment, we also earn the difference between interest income earned on our loans and interest expense, as determined using the FTP framework. Our CODM considers net interest income in addition to contribution profit in evaluating the performance of our Lending segment and making resource allocation decisions. Therefore, we present interest income net of interest expense. Technology Platform. The Technology Platform segment includes: (i) technology products and solutions revenue, which is primarily related to our platform-as-a-service through Galileo, which provides the infrastructure to facilitate core client-facing and back-end capabilities, such as account setup, account funding, direct deposit, authorizations and processing, payments functionality and check account balance features, and (ii) beginning in March 2022, revenue earned by Technisys, which expanded our segment to include a cloud-native digital and core banking platform offering and which results in the sale of software licenses and the provision of related technology solutions. See Note 2. Business Combinations for additional information on the Technisys Merger. Financial Services. The Financial Services segment primarily includes our SoFi Money product (primarily inclusive of checking and savings accounts, as well as cash management accounts), SoFi Invest product, SoFi Credit Card product, SoFi Relay personal finance management product and other financial services, such as lead generation and content for other financial services institutions and our members. Checking and savings provides members a digital banking experience that offers no account fees, 2-day early paycheck and a competitive annual percentage yield. SoFi Money cash management provides members a digital cash management experience. SoFi Invest provides investment features and financial planning services that we offer to our members. Revenues in the Financial Services segment include interest income earned and interest expense incurred under the FTP framework, interchange fees on our member debit and credit transactions and digital assets transaction fees, and fees related to pay for order flow and share lending arrangements in SoFi Invest. We also earn referral fees in connection with referral activity we facilitate through our platform. Our CODM considers net interest income in addition to contribution profit (loss) in evaluating the performance of our Financial Services segment and making resource allocation decisions. Under the FTP framework, the Financial Services segment earns interest income that is reflective of an FTP credit for deposits provided to the overall business, as well as incurs interest expense that is reflective of an FTP charge related to the use of funding for SoFi Credit Card. Corporate/Other. Non-segment operations are classified as Corporate/Other, which includes net revenues associated with corporate functions that are not directly related to a reportable segment. Net interest income (expense) within Corporate/Other reflects the residual impact from FTP charges and FTP credits allocated to our reportable segments under our FTP framework. These non-segment net revenue (loss) also include interest income earned on corporate cash balances, nonrecurring income on certain investments from available cash on hand, such as our investments in AFS debt securities (which investments are not interconnected with our core business lines and, thereby, reportable segments), and interest expense on other corporate borrowings, such as our revolving credit facility and the amortization of debt issuance costs and original issue discount on our convertible notes. Segment Results The following tables present financial information, including the measure of contribution profit (loss), for each reportable segment: Three Months Ended June 30, 2023 Lending Technology Platform (1) Financial Services (1) Reportable Segments Total Corporate/Other (1) Total Net revenue Net interest income (expense) $ 231,885 $ — $ 74,637 $ 306,522 $ (15,396) $ 291,126 Noninterest income (expense) (2) 99,556 87,623 23,415 210,594 (3,702) 206,892 Total net revenue (loss) $ 331,441 $ 87,623 $ 98,052 $ 517,116 $ (19,098) $ 498,018 Servicing rights – change in valuation inputs or assumptions (3) (8,601) — — (8,601) Residual interests classified as debt – change in valuation inputs or assumptions (4) (602) — — (602) Directly attributable expenses (138,929) (70,469) (102,399) (311,797) Contribution profit (loss) $ 183,309 $ 17,154 $ (4,347) $ 196,116 Three Months Ended June 30, 2022 Lending Technology Platform (1) Financial Services (1) Reportable Segments Total Corporate/Other (1) Total Net revenue Net interest income (expense) $ 114,003 $ — $ 12,925 $ 126,928 $ (4,199) $ 122,729 Noninterest income (expense) (2) 143,114 83,899 17,438 244,451 (4,653) 239,798 Total net revenue (loss) $ 257,117 $ 83,899 $ 30,363 $ 371,379 $ (8,852) $ 362,527 Servicing rights – change in valuation inputs or assumptions (3) (9,098) — — (9,098) Residual interests classified as debt – change in valuation inputs or assumptions (4) 2,662 — — 2,662 Directly attributable expenses (108,690) (62,058) (84,063) (254,811) Contribution profit (loss) $ 141,991 $ 21,841 $ (53,700) $ 110,132 Six Months Ended June 30, 2023 Lending Technology Platform (1) Financial Services (1) Reportable Segments Total Corporate/Other (1) Total Net revenue Net interest income (expense) $ 432,932 $ — $ 132,674 $ 565,606 $ (38,470) $ 527,136 Noninterest income (expense) (2) 235,590 165,510 46,479 447,579 (4,539) 443,040 Total net revenue (loss) 668,522 165,510 179,153 1,013,185 (43,009) 970,176 Servicing rights – change in valuation inputs or assumptions (3) (20,685) — — (20,685) Residual interests classified as debt – change in valuation inputs or assumptions (4) (513) — — (513) Directly attributable expenses (254,117) (133,499) (207,735) (595,351) Contribution profit (loss) $ 393,207 $ 32,011 $ (28,582) $ 396,636 Six Months Ended June 30, 2022 Lending Technology Platform (1) Financial Services (1) Reportable Segments Total Corporate/Other (1) Total Net revenue Net interest income (expense) $ 208,357 $ — $ 18,807 $ 227,164 $ (9,502) $ 217,662 Noninterest income (expense) (2) 301,749 144,704 35,099 481,552 (6,343) 475,209 Total net revenue (loss) $ 510,106 $ 144,704 $ 53,906 $ 708,716 $ (15,845) $ 692,871 Servicing rights – change in valuation inputs or assumptions (3) (20,678) — — (20,678) Residual interests classified as debt – change in valuation inputs or assumptions (4) 5,625 — — 5,625 Directly attributable expenses (220,411) (104,608) (157,121) (482,140) Contribution profit (loss) $ 274,642 $ 40,096 $ (103,215) $ 211,523 ____________________ (1) Within the Technology Platform segment, intercompany fees were $4,954 and $8,695 for the three and six months ended June 30, 2023, respectively, and $1,671 and $2,441 for the three and six months ended June 30, 2022. The equal and offsetting intercompany expenses are reflected within all three segments’ directly attributable expenses. The intercompany revenues and expenses are eliminated in consolidation. The revenues are eliminated within Corporate/Other and the expenses are adjusted in our reconciliation of directly attributable expenses below. (2) Refer to Note 3. Revenue for a reconciliation of revenue from contracts with customers to total noninterest income (expense). (3) Reflects changes in fair value inputs and assumptions, including market servicing costs, conditional prepayment, default rates and discount rates. This non-cash change, which is recorded within noninterest income in the condensed consolidated statements of operations and comprehensive income (loss), is unrealized during the period and, therefore, has no impact on our cash flows from operations. As such, the changes in fair value attributable to assumption changes are adjusted to provide management and financial users with better visibility into the cash flows available to finance our operations. (4) Reflects changes in fair value inputs and assumptions, including conditional prepayment, default rates and discount rates. When third parties finance our consolidated VIEs through purchasing residual interests, we receive proceeds at the time of the securitization close and, thereafter, pass along contractual cash flows to the residual interest owner. These obligations are measured at fair value on a recurring basis, with fair value changes recorded within noninterest income in the condensed consolidated statements of operations and comprehensive income (loss). The fair value change attributable to assumption changes has no impact on our initial financing proceeds, our future obligations to the residual interest owner (because future residual interest claims are limited to securitization collateral cash flows), or the general operations of our business. As such, this non-cash change in fair value during the period is adjusted to provide management and financial users with better visibility into the cash flows available to finance our operations. No single customer accounted for more than 10% of our consolidated revenues for the periods presented. The following table reconciles reportable segments total contribution profit to loss before income taxes. Expenses not allocated to reportable segments represent items that are not considered by our CODM in evaluating segment performance or allocating resources. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Reportable segments total contribution profit $ 196,116 $ 110,132 $ 396,636 $ 211,523 Corporate/Other total net loss (19,098) (8,852) (43,009) (15,845) Intercompany expenses 4,954 1,671 8,695 2,441 Servicing rights – change in valuation inputs or assumptions 8,601 9,098 20,685 20,678 Residual interests classified as debt – change in valuation inputs or assumptions 602 (2,662) 513 (5,625) Expenses not allocated to segments: Share-based compensation expense (75,878) (80,142) (140,104) (157,163) Employee-related costs (1) (55,605) (45,316) (117,419) (88,006) Depreciation and amortization expense (50,130) (38,056) (95,451) (68,754) Other corporate and unallocated expenses (2) (58,891) (41,589) (115,934) (104,570) Loss before income taxes $ (49,329) $ (95,716) $ (85,388) $ (205,321) __________________ (1) Includes compensation, benefits, restructuring charges, recruiting, certain occupancy-related costs and various travel costs of executive management, certain technology groups and general and administrative functions that are not directly attributable to the reportable segments. (2) Represents corporate overhead costs that are not allocated to reportable segments, which primarily includes corporate marketing and advertising costs, tools and subscription costs, professional services costs, corporate and FDIC insurance costs and transaction-related expenses.

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 18. Subsequent Events Management of the Company performed an evaluation of subsequent events that occurred after the balance sheet date through the date of this Quarterly Report on Form 10-Q, and determined that there were no subsequent events to report.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net loss	$ (47,549)	$ (95,835)	$ (81,971)	$ (206,192)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization, Summary of Sign_2

Organization, Summary of Significant Accounting Policies and New Accounting Standards (Policies)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The condensed consolidated financial statements include the accounts of the Company, its wholly-owned and majority-owned subsidiaries and certain consolidated VIEs. All intercompany accounts are eliminated in consolidation. The condensed consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States (“GAAP”) and in accordance with the rules and regulations of the SEC. We condensed or omitted certain notes and other financial information from the interim financial statements presented herein. These condensed consolidated financial statements should be read in conjunction with the consolidated statements included in our annual filing on Form 10-K filed with the SEC on March 1, 2023 (“Form 10-K”). In the opinion of management, the condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary for a fair statement of the Company’s financial condition and results of operations and cash flows for the interim periods presented. The results for the three and six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the full year ending December 31, 2023.
Use of Judgments, Assumptions and Estimates	The preparation of our condensed consolidated financial statements and related disclosures in conformity with GAAP requires management to make assumptions and estimates that affect the reported amounts of assets, liabilities, revenue, expenses, and the disclosures of contingent assets and liabilities. These estimates and assumptions are inherently subjective in nature and, therefore, actual results may differ from our estimates and assumptions, and the differences could be material. Management bases its estimates on historical experience and on various other factors it believes to be reasonable under the circumstances. These assumptions and estimates include, but are not limited to, the following: (i) fair value measurements; (ii) business combinations; and (iii) goodwill.
Restructuring	During the six months ended June 30, 2023, we recognized restructuring charges of $4,953 within noninterest expense in the condensed consolidated statements of operations and comprehensive income (loss) associated with a small reduction in headcount in the Technology Platform segment in the first quarter of 2023, which primarily included employee-related wages, benefits and severance.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued Accounting Standards Update (“ASU”) 2022-02, Financial Instruments — Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures . The ASU addresses two topics: (i) troubled debt restructuring (“TDR”) by creditors, and (ii) vintage disclosures for gross write offs. Under the TDR provisions, the ASU eliminates the recognition and measurement guidance under ASC 310-40, Receivables — Troubled Debt Restructurings by Creditors, and instead requires that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan, consistent with the accounting for other loan modifications. Additionally, the ASU enhances existing disclosure requirements around TDRs and introduces new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. Under the vintage disclosure provisions, the ASU requires the entity to disclose current period gross write offs by year of origination for financing receivables and net investments in leases within the scope of ASC 326-20, Financial Instruments — Credit Losses — Measured at Amortized Cost . The standard should be applied prospectively; however, for the TDR provisions, an entity has the option to apply a modified retrospective transition method. We adopted the standard effective January 1, 2023. The adoption of this standard did not have a material impact on our consolidated financial statements.
Revenue Recognition	In each of our revenue arrangements, revenue is recognized when control of the promised goods or services is transferred to the customer in an amount that reflects our expected consideration in exchange for those goods or services. Our arrangements are discussed in our Annual Report on Form 10-K, with notable updates provided herein.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
Revenue (Tables)	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Revenues	The table below presents revenue from contracts with customers disaggregated by type of service, which best depicts how the revenue and cash flows are affected by economic factors, and by the reportable segment to which each revenue stream relates, as well as a reconciliation of total revenue from contracts with customers to total noninterest income . Revenue from contracts with customers is presented within noninterest income—technology products and solutions and noninterest income—other in the condensed consolidated statements of operations and comprehensive income (loss). There were no revenues from contracts with customers attributable to our Lending segment for the periods presented. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Financial Services Referrals $ 8,223 $ 8,805 $ 17,849 $ 16,573 Interchange 8,663 3,007 15,932 7,293 Brokerage 5,225 4,156 10,103 8,886 Other (1) 348 225 835 428 Total financial services 22,459 16,193 44,719 33,180 Technology Platform (2) Technology services 80,328 81,111 152,457 140,268 Software licenses 1,961 558 2,633 1,258 Other (1) (55) 558 366 736 Total technology platform 82,234 82,227 155,456 142,262 Total revenue from contracts with customers 104,693 98,420 200,175 175,442 Other Sources of Revenue Loan origination and sales 103,064 144,414 229,575 302,118 Securitizations (12,900) (11,737) (16,077) (23,018) Servicing 9,052 10,471 21,794 22,707 Other 2,983 (1,770) 7,573 (2,040) Total other sources of revenue 102,199 141,378 242,865 299,767 Total noninterest income $ 206,892 $ 239,798 $ 443,040 $ 475,209 _____________________ (1) In Financial Services, includes revenues from enterprise services. In Technology Platform, includes payment network fees for serving as a transaction card program manager for enterprise customers that are the program marketers for separate card programs. (2) Related to these technology products and solutions arrangements, we had deferred revenues of $6,823 and $10,028 as of June 30, 2023 and December 31, 2022, respectively, which are presented within accounts payable, accruals and other liabilities in the condensed consolidated balance sheets. We recognized revenue of $2,444 and $1,989 during the three months ended June 30, 2023 and 2022, respectively, and $4,784 and $2,774 during the six months ended June 30, 2023 and 2022, respectively, associated with deferred revenues within noninterest income—technology products and solutions in the condensed consolidated statements of operations and comprehensive income (loss).

Loans (Tables)

Loans (Tables)	6 Months Ended
Loans (Tables)	Jun. 30, 2023
Receivables [Abstract]
Schedule of Loans	Below is a disaggregated presentation of our loans, inclusive of fair market value adjustments and accrued interest income and net of the allowance for credit losses, as applicable: June 30, December 31, Loans held for sale Personal loans (1) $ 12,751,163 $ 8,610,434 Student loans (2) 5,383,921 4,877,177 Home loans 78,583 69,463 Total loans held for sale, at fair value 18,213,667 13,557,074 Loans held for investment (3) Credit card (4) 238,285 209,164 Commercial and consumer banking: Commercial real estate 99,945 88,652 Commercial and industrial 6,016 7,179 Residential real estate and other consumer 3,305 2,962 Total commercial and consumer banking 109,266 98,793 Total loans held for investment, at amortized cost 347,551 307,957 Total loans $ 18,561,218 $ 13,865,031 _____________________ (1) Includes $780,120 and $663,004 of personal loans in consolidated VIEs as of June 30, 2023 and December 31, 2022, respectively. (2) Includes $285,621 and $268,697 of student loans in consolidated VIEs as of June 30, 2023 and December 31, 2022, respectively. (3) See Note 5. Allowance for Credit Losses for additional information on our loans at amortized cost as it pertains to the allowance for credit losses. (4) For credit cards, loan origination costs are expensed as incurred primarily within noninterest expense—sales and marketing in the condensed consolidated statements of operations and comprehensive income (loss) . The following table summarizes the aggregate fair value of our loans held for sale, for which we elected the fair value option. See Note 12. Fair Value Measurements for the assumptions used in our fair value model. Personal Loans Student Loans Home Loans Total June 30, 2023 Unpaid principal $ 12,171,935 $ 5,262,975 $ 87,928 $ 17,522,838 Accumulated interest 82,868 21,164 150 104,182 Cumulative fair value adjustments (1) 496,360 99,782 (9,495) 586,647 Total fair value of loans (2) $ 12,751,163 $ 5,383,921 $ 78,583 $ 18,213,667 December 31, 2022 Unpaid principal $ 8,283,400 $ 4,794,517 $ 77,705 $ 13,155,622 Accumulated interest 55,673 19,433 151 75,257 Cumulative fair value adjustments (1) 271,361 63,227 (8,393) 326,195 Total fair value of loans (2) $ 8,610,434 $ 4,877,177 $ 69,463 $ 13,557,074 __________________ (1) During the six months ended June 30, 2023, the cumulative fair value adjustments for personal loans were primarily impacted by higher origination volume and higher coupon rates, partially offset by higher benchmark rates, which resulted in higher fair value marks. The cumulative fair value adjustments for student loans were primarily impacted by a lower prepayment rate assumption and higher coupon rates, partially offset by higher benchmark rates, which resulted in higher fair value marks. (2) Each component of the fair value of loans is impacted by charge-offs during the period. Our fair value assumption for annual default rate incorporates fair value markdowns on loans beginning when they are 10 days or more delinquent, with additional markdowns at 30, 60 and 90 days past due. The following table summarizes the aggregate fair value of loans 90 days or more delinquent. As delinquent personal loans and student loans are charged off after 120 days of delinquency, amounts presented below represent the fair value of loans that are 90 to 120 days delinquent. Personal Loans Student Loans Home Loans Total June 30, 2023 Unpaid principal balance $ 49,097 $ 6,579 $ 213 $ 55,889 Accumulated interest 2,299 328 — 2,627 Cumulative fair value adjustments (1) (44,552) (3,926) (140) (48,618) Fair value of loans 90 days or more delinquent $ 6,844 $ 2,981 $ 73 $ 9,898 December 31, 2022 Unpaid principal balance $ 27,989 $ 6,435 $ — $ 34,424 Accumulated interest 1,207 304 — 1,511 Cumulative fair value adjustments (1) (25,022) (3,332) — (28,354) Fair value of loans 90 days or more delinquent $ 4,174 $ 3,407 $ — $ 7,581 __________________ (1) Our fair value assumption for annual default rate incorporates fair value markdowns on loans beginning when they are 10 days or more delinquent, with additional markdowns at 30, 60 and 90 days past due.
Schedule of Whole Loan Sales	The following table summarizes our whole loan sales: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Personal loans Fair value of consideration received: Cash $ 51,473 $ 1,163,029 $ 51,473 $ 2,181,718 Servicing assets recognized 888 7,659 888 14,083 Repurchase liabilities recognized (360) (2,789) (360) (5,087) Total consideration received 52,001 1,167,899 52,001 2,190,714 Aggregate unpaid principal balance and accrued interest of loans sold 50,322 1,129,237 50,322 2,111,092 Gain from loan sales $ 1,679 $ 38,662 $ 1,679 $ 79,622 Sale execution (1) 104.1 % 103.7 % 104.1 % 104.0 % Student loans Fair value of consideration received: Cash $ 98,624 $ 257,859 $ 98,624 $ 806,770 Servicing assets recognized 2,792 2,991 2,792 8,815 Repurchase liabilities recognized (16) (41) (16) (121) Total consideration 101,400 260,809 101,400 815,464 Aggregate unpaid principal balance and accrued interest of loans sold 99,916 261,324 99,916 807,611 Gain (loss) from loan sales $ 1,484 $ (515) $ 1,484 $ 7,853 Sale execution (1) 101.5 % 99.8 % 101.5 % 101.0 % Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Home loans Fair value of consideration received: Cash $ 267,052 $ 322,219 $ 344,871 $ 681,919 Servicing assets recognized 2,803 4,482 3,757 8,720 Repurchase liabilities recognized (751) (315) (847) (735) Total consideration 269,104 326,386 347,781 689,904 Aggregate unpaid principal balance and accrued interest of loans sold 266,634 342,952 344,610 708,512 Gain (loss) from loan sales $ 2,470 $ (16,566) $ 3,171 $ (18,608) Sale execution (1) 101.2 % 95.3 % 101.2 % 97.5 % _____________________ (1) Sale execution represents the ratio of cash proceeds and servicing assets recognized to the aggregate unpaid principal balance and accrued interest of the loans sold. Amounts included in repurchase liabilities are excluded from the calculation, as they typically would not materially differ from the fair value markdown on the loans over the repurchase period had they been held on balance sheet and entered delinquency.
Schedule of Transferred Loans with Continued Involvement	The following table presents information about the unpaid principal balances of loans originated by us and subsequently transferred, but with which we have continuing involvement: Personal Loans Student Loans Home Loans Total June 30, 2023 Loans in delinquency (10-29 days past due) $ 42,820 $ 56,932 $ — $ 99,752 Loans in delinquency (30+ days past due) 59,620 51,255 22,538 133,413 Total loans in delinquency 102,440 108,187 22,538 233,165 Total transferred loans serviced (1) $ 2,088,650 $ 6,799,935 $ 5,274,899 $ 14,163,484 December 31, 2022 Loans in delinquency (10-29 days past due) $ 44,337 $ 68,832 $ — $ 113,169 Loans in delinquency (30+ days past due) 64,654 46,986 16,510 128,150 Total loans in delinquency 108,991 115,818 16,510 241,319 Total transferred loans serviced (1) $ 2,995,601 $ 7,586,031 $ 5,134,306 $ 15,715,938 _____________________ (1) Total transferred loans serviced includes loans in delinquency, as well as loans in repayment, loans in-school/grace period/deferment (related to student loans), and loans in forbearance. The vast majority of total transferred loans serviced represent loans in repayment as of the dates indicated. The following table presents additional information about the servicing cash flows received and net charge-offs related to loans originated by us and subsequently transferred, but with which we have continuing involvement: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Personal loans Servicing fees collected from transferred loans $ 4,870 $ 8,457 $ 11,047 $ 16,825 Charge-offs, net of recoveries, of transferred loans (1) 41,411 21,977 87,526 38,662 Student loans Servicing fees collected from transferred loans 6,402 11,045 15,592 20,213 Charge-offs, net of recoveries, of transferred loans (1) 10,005 9,192 19,158 17,412 Home loans Servicing fees collected from transferred loans 3,659 2,930 6,819 5,566 Total Servicing fees collected from transferred loans $ 14,931 $ 22,432 $ 33,458 $ 42,604 Charge-offs, net of recoveries, of transferred loans (1) 51,416 31,169 106,684 56,074 _____________________ (1) Personal loan and student loan charge-offs, net of recoveries, are impacted by the timing of charge-off sales performed on behalf of the purchasers of our loans, which lower the net amount disclosed.
Schedule of Aging Analysis for Credit Card Loans	The following table presents the amortized cost basis of our credit card and commercial and consumer banking portfolios (excluding accrued interest and before the allowance for credit losses) by either current status or delinquency status: Delinquent Loans Current 30–59 Days 60–89 Days ≥ 90 Days (1) Total Delinquent Loans Total Loans (2) June 30, 2023 Credit card $ 254,089 $ 4,547 $ 3,821 $ 10,421 $ 18,789 $ 272,878 Commercial and consumer banking: Commercial real estate 100,911 — — — — 100,911 Commercial and industrial 5,785 3 788 — 791 6,576 Residential real estate and other consumer (3) 3,303 — — — — 3,303 Total commercial and consumer banking 109,999 3 788 — 791 110,790 Total loans $ 364,088 $ 4,550 $ 4,609 $ 10,421 $ 19,580 $ 383,668 December 31, 2022 Credit card $ 225,165 $ 4,670 $ 3,626 $ 10,498 $ 18,794 $ 243,959 Commercial and consumer banking: Commercial real estate 89,544 — — — — 89,544 Commercial and industrial 7,636 — 1 — 1 7,637 Residential real estate and other consumer (3) 2,966 — — — — 2,966 Total commercial and consumer banking 100,146 — 1 — 1 100,147 Total loans $ 325,311 $ 4,670 $ 3,627 $ 10,498 $ 18,795 $ 344,106 ______________ (1) All of the credit cards ≥ 90 days past due continued to accrue interest. As of the dates indicated, there were no credit cards on nonaccrual status. As of the dates indicated, commercial and consumer banking loans on nonaccrual status were immaterial, and there were no loans that were 90 days or more past due. (2) For credit card, the balance is presented before allowance for credit losses of $39,361 and $39,110 as of June 30, 2023 and December 31, 2022, respectively, and accrued interest of $4,768 and $4,315, respectively. For commercial and consumer banking, the balance is presented before allowance for credit losses of $1,866 and $1,678, respectively, and accrued interest of $342 and $324, respectively. (3) Primarily includes residential real estate loans acquired in the Bank Merger, for which we did not elect the fair value option.
Schedule of Internal Risk Tier Categories	The following table presents the amortized cost basis of our credit card portfolio (excluding accrued interest and before the allowance for credit losses) based on FICO scores, which are obtained at origination of the account and are refreshed monthly thereafter. The pools estimate the likelihood of borrowers with similar FICO scores to pay credit obligations based on aggregate credit performance data. FICO June 30, 2023 December 31, 2022 ≥ 800 $ 20,779 $ 14,421 780 – 799 14,348 11,327 760 – 779 16,138 12,179 740 – 759 18,265 14,501 720 – 739 23,189 19,343 700 – 719 28,989 26,239 680 – 699 34,564 31,543 660 – 679 33,366 31,958 640 – 659 24,636 25,959 620 – 639 14,712 15,566 600 – 619 9,132 8,968 ≤ 599 34,760 31,955 Total credit card $ 272,878 $ 243,959 The following table presents the amortized cost basis of our commercial and consumer banking portfolio (excluding accrued interest and before the allowance for credit losses) by origination year and credit quality indicator: Term Loans by Origination Year June 30, 2023 2023 2022 2021 2020 2019 Prior Total Term Loans Revolving Loans Commercial real estate Pass $ 14,825 $ 34,213 $ 5,696 $ 4,601 $ 9,564 $ 19,037 $ 87,936 $ 193 Watch 1,242 4,627 1,668 — 220 2,774 10,531 — Special mention — — — — — 1,586 1,586 — Substandard — — — — — 665 665 — Total commercial real estate 16,067 38,840 7,364 4,601 9,784 24,062 100,718 193 Commercial and industrial Pass 59 — — 71 104 5,049 5,283 47 Watch — — — — 19 19 38 — Substandard — — — — — 1,208 1,208 — Total commercial and industrial 59 — — 71 123 6,276 6,529 47 Residential real estate and other consumer Pass 660 — — — — 2,505 3,165 97 Watch — — — — — 41 41 — Total residential real estate and other consumer 660 — — — — 2,546 3,206 97 Total commercial and consumer banking $ 16,786 $ 38,840 $ 7,364 $ 4,672 $ 9,907 $ 32,884 $ 110,453 $ 337

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	6 Months Ended
Allowance for Credit Losses (Tables)	Jun. 30, 2023
Receivables [Abstract]
Schedule of Allowance for Credit Losses, Accounts Receivable	The following table presents changes in our allowance for credit losses: Credit Card (1) Commercial and Consumer Banking (1) Accounts Receivable (1) Three Months Ended June 30, 2023 Balance at March 31, 2023 $ 37,089 $ 1,848 $ 1,645 Provision for credit losses (2) 12,600 15 1,096 Write-offs charged against the allowance (3) (10,328) 3 (804) Balance at June 30, 2023 $ 39,361 $ 1,866 $ 1,937 Three Months Ended June 30, 2022 Balance at March 31, 2022 $ 16,500 $ 1,366 $ 1,652 Provision for credit losses (2) 10,265 (162) 1,112 Write-offs charged against the allowance (4,791) — (44) Balance at June 30, 2022 $ 21,974 $ 1,204 $ 2,720 Six Months Ended June 30, 2023 Balance at December 31, 2022 $ 39,110 $ 1,678 $ 2,785 Provision for credit losses (2) 20,837 185 242 Write-offs charged against the allowance (3) (20,586) 3 (1,090) Balance at June 30, 2023 $ 39,361 $ 1,866 $ 1,937 Six Months Ended June 30, 2022 Balance at December 31, 2021 $ 7,037 $ — $ 2,292 Provision for credit losses (2) 22,242 822 521 Allowance for PCD loans (4) — 382 — Write-offs charged against the allowance (7,305) — (93) Balance at June 30, 2022 $ 21,974 $ 1,204 $ 2,720 _____________________ (1) Credit cards and commercial and consumer banking loans measured at amortized cost, net of allowance for credit losses, are presented within loans held for investment in the condensed consolidated balance sheets. Accounts receivable balances, net of allowance for credit losses, are presented within other assets in the condensed consolidated balance sheets. (2) The provision for credit losses on credit cards and commercial and consumer banking loans is presented within noninterest expense—provision for credit losses in the condensed consolidated statements of operations and comprehensive income (loss) . There were immaterial recoveries of amounts previously reserved related to credit cards and commercial and consumer banking loans during the three and six months ended June 30, 2023 and 2022. The provision for credit losses on accounts receivable is presented within noninterest expense—general and administrative in the condensed consolidated statements of operations and comprehensive income (loss). During the three and six months ended June 30, 2023, recoveries of amounts previously reserved related to accounts receivable were $18 and $1,179, respectively. During the three and six months ended June 30, 2022, recoveries of amounts previously reserved related to accounts receivable were $368 and $1,760, respectively. (3) The increases in credit card write-offs charged against the allowance during the three and six months ended June 30, 2023 relative to the corresponding periods in 2022 were primarily related to our maturing portfolio. (4) In connection with the Bank Merger, we obtained purchased credit deteriorated (“PCD”) loans, for which we measured an allowance, with a corresponding increase to the amortized cost basis as of the acquisition date. Therefore, recognition of the initial allowance for credit losses did not impact earnings.
Schedule of Allowance for Credit Losses, Credit Card Loans	The following table presents changes in our allowance for credit losses: Credit Card (1) Commercial and Consumer Banking (1) Accounts Receivable (1) Three Months Ended June 30, 2023 Balance at March 31, 2023 $ 37,089 $ 1,848 $ 1,645 Provision for credit losses (2) 12,600 15 1,096 Write-offs charged against the allowance (3) (10,328) 3 (804) Balance at June 30, 2023 $ 39,361 $ 1,866 $ 1,937 Three Months Ended June 30, 2022 Balance at March 31, 2022 $ 16,500 $ 1,366 $ 1,652 Provision for credit losses (2) 10,265 (162) 1,112 Write-offs charged against the allowance (4,791) — (44) Balance at June 30, 2022 $ 21,974 $ 1,204 $ 2,720 Six Months Ended June 30, 2023 Balance at December 31, 2022 $ 39,110 $ 1,678 $ 2,785 Provision for credit losses (2) 20,837 185 242 Write-offs charged against the allowance (3) (20,586) 3 (1,090) Balance at June 30, 2023 $ 39,361 $ 1,866 $ 1,937 Six Months Ended June 30, 2022 Balance at December 31, 2021 $ 7,037 $ — $ 2,292 Provision for credit losses (2) 22,242 822 521 Allowance for PCD loans (4) — 382 — Write-offs charged against the allowance (7,305) — (93) Balance at June 30, 2022 $ 21,974 $ 1,204 $ 2,720 _____________________ (1) Credit cards and commercial and consumer banking loans measured at amortized cost, net of allowance for credit losses, are presented within loans held for investment in the condensed consolidated balance sheets. Accounts receivable balances, net of allowance for credit losses, are presented within other assets in the condensed consolidated balance sheets. (2) The provision for credit losses on credit cards and commercial and consumer banking loans is presented within noninterest expense—provision for credit losses in the condensed consolidated statements of operations and comprehensive income (loss) . There were immaterial recoveries of amounts previously reserved related to credit cards and commercial and consumer banking loans during the three and six months ended June 30, 2023 and 2022. The provision for credit losses on accounts receivable is presented within noninterest expense—general and administrative in the condensed consolidated statements of operations and comprehensive income (loss). During the three and six months ended June 30, 2023, recoveries of amounts previously reserved related to accounts receivable were $18 and $1,179, respectively. During the three and six months ended June 30, 2022, recoveries of amounts previously reserved related to accounts receivable were $368 and $1,760, respectively. (3) The increases in credit card write-offs charged against the allowance during the three and six months ended June 30, 2023 relative to the corresponding periods in 2022 were primarily related to our maturing portfolio. (4) In connection with the Bank Merger, we obtained purchased credit deteriorated (“PCD”) loans, for which we measured an allowance, with a corresponding increase to the amortized cost basis as of the acquisition date. Therefore, recognition of the initial allowance for credit losses did not impact earnings.

Investments Securities (Tables)

Investments Securities (Tables)	6 Months Ended
Investments Securities (Tables)	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments in Debt Securities	The following table presents our investments in available-for-sale (“AFS”) debt securities: Amortized Cost Accrued Interest Gross Unrealized Gains Gross Unrealized Losses (1) Fair Value June 30, 2023 U.S. Treasury securities $ 315,698 $ 123 $ 155 $ (1,725) $ 314,251 Multinational securities (2) 15,654 106 — (335) 15,425 Corporate bonds 36,920 227 — (2,082) 35,065 Agency mortgage-backed securities 8,348 20 — (1,009) 7,359 Other asset-backed securities 9,071 5 — (362) 8,714 Other (3) 2,124 22 — (178) 1,968 Total investments in AFS debt securities $ 387,815 $ 503 $ 155 $ (5,691) $ 382,782 December 31, 2022 U.S. Treasury securities $ 121,282 $ 217 $ — $ (3,510) $ 117,989 Multinational securities (2) 19,658 109 — (724) 19,043 Corporate bonds 41,890 257 — (2,644) 39,503 Agency mortgage-backed securities 8,899 22 — (991) 7,930 Other asset-backed securities 9,556 5 — (514) 9,047 Other (3) 2,133 21 — (228) 1,926 Total investments in AFS debt securities $ 203,418 $ 631 $ — $ (8,611) $ 195,438 _____________________ (1) As of June 30, 2023 and December 31, 2022, we concluded that there was no credit loss attributable to securities in unrealized loss positions, as (i) 85% and 67% of the amortized cost basis of our investments as of June 30, 2023 and December 31, 2022, respectively, was composed of U.S. Treasury securities, agency mortgage-backed securities and sovereign foreign bonds, which are of high credit quality and have no risk of credit-related impairment due to the nature of the counterparties and history of no credit losses, and (ii) we have not identified factors indicating credit-related impairment for the remaining investments and expect that the contractual principal and interest payments will be received. Additionally, we do not intend to sell the securities in loss positions nor is it more likely than not that we will be required to sell the securities prior to recovery of the amortized cost basis. (2) Includes sovereign foreign and supranational bonds. (3) Includes state and city municipal bond securities.
Schedule of Investment Securities in Gross Unrealized Loss Position	The following table presents information about our investments in AFS debt securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2023 and December 31, 2022. Less than 12 Months 12 Months or Longer Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses June 30, 2023 U.S. Treasury securities $ 239,421 $ (20) $ 74,830 $ (1,705) $ 314,251 $ (1,725) Multinational securities — — 15,425 (335) 15,425 (335) Corporate bonds — — 35,065 (2,082) 35,065 (2,082) Agency mortgage-backed securities — — 7,359 (1,009) 7,359 (1,009) Other asset-backed securities — — 8,714 (362) 8,714 (362) Other — — 1,968 (178) 1,968 (178) Total investments in AFS debt securities $ 239,421 $ (20) $ 143,361 $ (5,671) $ 382,782 $ (5,691) December 31, 2022 U.S. Treasury securities $ 27,759 $ (1,171) $ 90,230 $ (2,339) $ 117,989 $ (3,510) Multinational securities — — 19,043 (724) 19,043 (724) Corporate bonds 4,480 (313) 35,023 (2,331) 39,503 (2,644) Agency mortgage-backed securities 6,448 (814) 1,482 (177) 7,930 (991) Other asset-backed securities — — 9,047 (514) 9,047 (514) Other 745 (200) 1,181 (28) 1,926 (228) Total investments in AFS debt securities $ 39,432 $ (2,498) $ 156,006 $ (6,113) $ 195,438 $ (8,611)
Schedule of Investments by Contractual Maturity	The following table presents the amortized cost and fair value of our investments in AFS debt securities by contractual maturity: Due Within One Year Due After One Year Through Five Years Due After Five Years Through Ten Years Due After Ten Years Total June 30, 2023 Investments in AFS debt securities—Amortized cost: U.S. Treasury securities $ 297,623 $ 18,075 $ — $ — $ 315,698 Multinational securities 15,654 — — — 15,654 Corporate bonds 12,479 21,118 3,323 — 36,920 Agency mortgage-backed securities — 164 761 7,423 8,348 Other asset-backed securities — 7,142 1,929 — 9,071 Other 1,185 — — 939 2,124 Total investments in AFS debt securities $ 326,941 $ 46,499 $ 6,013 $ 8,362 $ 387,815 Weighted average yield for investments in AFS debt securities (1) 1.23 % 3.28 % (3.01) % 2.54 % 1.44 % Investments in AFS debt securities—Fair value (2) : U.S. Treasury securities $ 296,898 $ 17,230 $ — $ — $ 314,128 Multinational securities 15,319 — — — 15,319 Corporate bonds 12,104 19,903 2,831 — 34,838 Agency mortgage-backed securities — 154 691 6,494 7,339 Other asset-backed securities — 6,833 1,876 — 8,709 Other 1,179 — — 767 1,946 Total investments in AFS debt securities $ 325,500 $ 44,120 $ 5,398 $ 7,261 $ 382,279 _____________________ (1) The weighted average yield represents the effective yield for the investment securities and is computed based on the amortized cost of each security. (2) Presentation of fair values of our investments in AFS debt securities by contractual maturity excludes total accrued interest of $503 as of June 30, 2023.
Schedule of Consolidated and Nonconsolidated VIEs	The following table presents the aggregate outstanding value of asset-backed bonds and residual interests owned by the Company in nonconsolidated VIEs, which are presented within investment securities in the condensed consolidated balance sheets: June 30, December 31, Personal loans $ 12,149 $ 20,172 Student loans 153,301 181,159 Securitization investments $ 165,450 $ 201,331

Deposits (Tables)

Deposits (Tables)	6 Months Ended
Deposits (Tables)	Jun. 30, 2023
Deposits [Abstract]
Schedule of Interest-Bearing Deposits	The following table presents a detail of interest-bearing deposits: June 30, 2023 December 31, 2022 Savings deposits $ 8,291,062 $ 4,383,953 Demand deposits (1) 2,369,568 1,912,452 Time deposits (1)(2) 2,011,762 969,387 Total interest-bearing deposits $ 12,672,392 $ 7,265,792 _____________________ (1) As of June 30, 2023 and December 31, 2022, includes brokered deposits of $2,167,036 and $1,026,400, respectively, of which $1,980,253 and $940,000, respectively, are time deposits and $186,783 and $86,400, respectively, are demand deposits. (2) As of June 30, 2023 and December 31, 2022, the amount of time deposits that exceeded the insured limit (referred to as “uninsured deposits”) totaled $21,153 and $20,842, respectively.
Schedule of Future Maturities of Time Deposits	As of June 30, 2023, future maturities of our total time deposits were as follows: Remainder of 2023 $ 1,076,837 2024 933,773 2025 562 2026 290 2027 — Thereafter 300 Total $ 2,011,762

Debt (Tables)

Debt (Tables)	6 Months Ended
Debt (Tables)	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt	The following table summarizes the components of our debt: Borrowing Description June 30, 2023 December 31, 2022 Total Collateral (1) Stated Interest Rate (2) Termination/ Maturity (3) Total Capacity Total Outstanding (4) Total Outstanding Debt Facilities Personal loan warehouse facilities $ 1,858,290 5.33% – 7.10% January 2024 – January 2032 $ 4,725,000 $ 1,574,227 $ 1,452,085 Student loan warehouse facilities 2,890,940 5.64% – 6.91% July 2023 – June 2026 3,470,000 2,361,766 1,504,926 Credit card warehouse facility — 6.62% November 2024 100,000 — — Risk retention warehouse facilities (5) 108,744 5.26% – 7.24% January 2024 – October 2027 200,000 87,879 101,964 Revolving credit facility (6) 6.74% April 2028 645,000 486,000 486,000 Other Debt Convertible senior notes (7) —% October 2026 1,200,000 1,200,000 Other financing (8) 97,160 136,371 — — Securitizations Personal loan securitizations 778,620 0.49% – 6.21% September 2030 – May 2031 542,642 529,132 Student loan securitizations 303,066 1.83% – 9.65% March 2040 – August 2048 264,378 246,856 Total, before unamortized debt issuance costs, premiums and discounts $ 6,516,892 $ 5,520,963 Less: unamortized debt issuance costs, premiums and discounts (32,566) (35,081) Total debt $ 6,484,326 $ 5,485,882 _________________ (1) As of June 30, 2023, represents the total of the unpaid principal balances within each debt category, with the exception of the risk retention warehouse facilities, which include securitization-related investments carried at fair value. In addition, certain securitization interests that eliminate in consolidation are pledged to risk retention warehouse facilities. Collateral balances relative to debt balances may vary period to period due to the timing of the next scheduled payment to the warehouse facility. (2) For variable-rate debt, the ranges of stated interest rates are based on the interest rates in effect as of June 30, 2023. The interest on our variable-rate debt is typically designed as a reference rate plus a spread. Reference rates as of June 30, 2023 included overnight Secured Overnight Financing Rate (“SOFR”), one-month SOFR, three-month SOFR, one-month London Inter-Bank Offered Rate (“LIBOR”), prime rate and commercial paper rates determined by the facility lenders. As debt arrangements are renewed, the reference rate and/or spread are subject to change. Unused commitment fees ranging from 0 to 65 basis points (“bps”) on our various warehouse facilities are recognized within noninterest expense—general and administrative in our condensed consolidated statements of operations and comprehensive income (loss). (3) For securitization debt, the maturity of the notes issued by the various trusts occurs upon either the maturity of the loan collateral or full payment of the loan collateral held in the trusts. Our maturity date represents the legal maturity of the last class of maturing notes. Securitization debt matures as loan collateral payments are made. (4) There were no debt discounts or premiums issued during the six months ended June 30, 2023. (5) For risk retention warehouse facilities, we only state capacity amounts for facilities wherein we can pledge additional asset-backed bonds and residual investments as of the balance sheet date. (6) As of June 30, 2023, $6.0 million of the revolving credit facility total capacity was not available for general borrowing purposes because it was utilized to secure a letter of credit. Refer to our letter of credit disclosures in Note 15. Commitments, Guarantees, Concentrations and Contingencies for more details. Additionally, the interest rate presented is the interest rate on standard withdrawals on our revolving credit facility, while same-day withdrawals incur interest based on the prime rate. (7) The original issue discount and debt issuance costs related to the convertible senior notes are amortized into interest expense—corporate borrowings in the condensed consolidated statements of operations and comprehensive income (loss) using the effective interest method over the contractual term of the notes. For the three and six months ended June 30, 2023, total interest expense on the convertible notes was $1,273 and $2,545, respectively. For the three and six months ended June 30, 2022, total interest expense on the convertible notes was $1,268 and $2,535, respectively. For all periods, interest expense was related to amortization of debt discount and issuance costs, and the effective interest rate was 0.42%. As of June 30, 2023 and December 31, 2022, unamortized debt discount and issuance costs were $16.9 million and $19.4 million, respectively, and the net carrying amount was $1.18 billion and $1.18 billion, respectively. (8) Includes $27.5 million of loans and $69.7 million of investment securities pledged as collateral to secure $86.4 million of available borrowing capacity with the Federal Home Loan Bank (“FHLB”), of which $13.7 million was not available as it was utilized to secure letters of credit. Refer to our letter of credit disclosures in Note 15. Commitments, Guarantees, Concentrations and Contingencies for more details. Also includes unsecured available borrowing capacity of $50.0 million with correspondent banks.
Schedule of Maturities of Borrowings	Future maturities of our outstanding debt with scheduled payments, which included our revolving credit facility and convertible notes, were as follows: June 30, 2023 Remainder of 2023 $ — 2024 — 2025 — 2026 1,200,000 2027 — Thereafter 486,000 Total $ 1,686,000

Equity (Tables)

Equity (Tables)	6 Months Ended
Equity (Tables)	Jun. 30, 2023
Equity [Abstract]
Schedule of Common Stock, Reserved for Future Issuance	The Company reserved the following common stock for future issuance: June 30, December 31, Outstanding stock options, restricted stock units and performance stock units 116,599,656 107,851,565 Outstanding common stock warrants 12,170,990 12,170,990 Conversion of convertible notes (1) 53,538,000 53,538,000 Possible future issuance under stock plans 46,651,639 26,434,957 Total common stock reserved for future issuance 228,960,285 199,995,512 ____________________
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents the rollforward of AOCI, inclusive of the changes in the components of other comprehensive income (loss): AFS Debt Securities Foreign Currency Translation Adjustments Total Three Months Ended June 30, 2023 AOCI, beginning balance $ (6,363) $ 22 $ (6,341) Other comprehensive income before reclassifications 830 392 1,222 Net current-period other comprehensive income (1)(2) 830 392 1,222 AOCI, ending balance $ (5,533) $ 414 $ (5,119) Three Months Ended June 30, 2022 AOCI, beginning balance $ (5,806) $ (158) $ (5,964) Other comprehensive loss before reclassifications (2,115) (56) (2,171) Amounts reclassified from AOCI into earnings 124 — 124 Net current-period other comprehensive loss (1)(2) (1,991) (56) (2,047) AOCI, ending balance $ (7,797) $ (214) $ (8,011) Six Months Ended June 30, 2023 AOCI, beginning balance $ (8,611) $ 315 $ (8,296) Other comprehensive income before reclassifications 2,906 99 3,005 Amounts reclassified from AOCI into earnings 172 — 172 Net current-period other comprehensive income (1)(2) 3,078 99 3,177 AOCI, ending balance $ (5,533) $ 414 $ (5,119) Six Months Ended June 30, 2022 AOCI, beginning balance $ (1,351) $ (120) $ (1,471) Other comprehensive loss before reclassifications (6,731) (94) (6,825) Amounts reclassified from AOCI into earnings 285 — 285 Net current-period other comprehensive loss (1)(2) (6,446) (94) (6,540) AOCI, ending balance $ (7,797) $ (214) $ (8,011) ____________________ (1) Gross realized gains and losses from sales of our investments in AFS debt securities that were reclassified from AOCI to earnings are recorded within noninterest income—other in the condensed consolidated statements of operations and comprehensive income (loss). There were no reclassifications related to foreign currency translation adjustments during the three and six months ended June 30, 2023 and 2022. (2) There were no material tax impacts during the periods presented due to reserves against deferred tax assets in jurisdictions where other comprehensive loss activity was generated.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
Derivative Financial Instruments (Tables)	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents the gains (losses) recognized on our derivative instruments: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Interest rate swaps (1) $ 114,341 $ 53,419 $ 85,885 $ 187,933 Interest rate caps (1) 328 867 (1,367) 3,490 Home loan pipeline hedges (1) 2,061 15,249 984 38,719 Derivative contracts to manage future loan sale execution risk 116,730 69,535 85,502 230,142 Interest rate swaps (2) 3,292 2,749 2,184 9,068 Interest rate lock commitments (“IRLCs”) (1) 355 4,159 773 (2,639) Interest rate caps (1) (290) (903) 1,481 (3,027) Purchase price earn-out (1)(3) — 211 9 1,042 Third-party warrants (4) 54 (244) 78 (169) Total $ 120,141 $ 75,507 $ 90,027 $ 234,417 _____________________ (1) Recorded within noninterest income—loan origination and sales in the condensed consolidated statements of operations and comprehensive income (loss). (2) Represents derivative contracts to manage securitization investment interest rate risk, which are recorded within noninterest income—securitizations in the condensed consolidated statements of operations and comprehensive income (loss). (3) In conjunction with a loan sale agreement, we are entitled to receive payments from the buyer of the loans underlying the agreement if the internal rate of return (as defined in the loan sale agreement) on such loans exceeds a specified hurdle, subject to a dollar cap. (4) Includes amounts recorded within noninterest income—other, noninterest expense—cost of operations and noninterest expense—general and administrative
Schedule of Offsetting Liabilities	The following table presents information about derivative instruments subject to enforceable master netting arrangements: June 30, 2023 December 31, 2022 Gross Derivative Assets Gross Derivative Liabilities Gross Derivative Assets Gross Derivative Liabilities Interest rate swaps $ 1,429 $ (313) $ 23,128 $ — Interest rate caps — (7,770) — (9,251) Home loan pipeline hedges 683 (43) 1,484 (80) Total, gross 2,112 (8,126) 24,612 (9,331) Derivative netting (356) 356 (80) 80 Total, net (1) $ 1,756 $ (7,770) $ 24,532 $ (9,251) _____________________ (1) We did not have a cash collateral requirement related to these instruments as of June 30, 2023 and December 31, 2022.
Schedule of Offsetting Assets	The following table presents information about derivative instruments subject to enforceable master netting arrangements: June 30, 2023 December 31, 2022 Gross Derivative Assets Gross Derivative Liabilities Gross Derivative Assets Gross Derivative Liabilities Interest rate swaps $ 1,429 $ (313) $ 23,128 $ — Interest rate caps — (7,770) — (9,251) Home loan pipeline hedges 683 (43) 1,484 (80) Total, gross 2,112 (8,126) 24,612 (9,331) Derivative netting (356) 356 (80) 80 Total, net (1) $ 1,756 $ (7,770) $ 24,532 $ (9,251) _____________________ (1) We did not have a cash collateral requirement related to these instruments as of June 30, 2023 and December 31, 2022.
Schedule of Notional Amounts of Derivatives	The following table presents the notional amount of derivative contracts outstanding: June 30, 2023 December 31, 2022 Derivative contracts to manage future loan sale execution risk: Interest rate swaps $ 6,372,000 $ 5,638,177 Interest rate caps 405,000 405,000 Home loan pipeline hedges 216,000 126,000 Interest rate caps (1) 405,000 405,000 Interest rate swaps (2) 198,000 171,823 IRLCs (3) 142,049 82,335 Total $ 7,738,049 $ 6,828,335 _____________________ (1) We sold an interest rate cap that was subject to master netting to offset an interest rate cap purchase made in conjunction with a contract to manage future loan sale execution risk. (2) Represents interest rate swaps utilized to manage interest rate risk associated with certain of our securitization investments. (3) Amounts correspond with home loan funding commitments subject to IRLC agreements.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table summarizes, by level within the fair value hierarchy, the estimated fair values of our assets and liabilities measured at fair value on a recurring basis in the condensed consolidated balance sheets: June 30, 2023 December 31, 2022 Fair Value Fair Value Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Investments in AFS debt securities (1)(2) $ 329,676 $ 53,106 $ — $ 382,782 $ 137,032 $ 58,406 $ — $ 195,438 Asset-backed bonds (2)(3) — 127,061 — 127,061 — 155,093 — 155,093 Residual investments (2)(3) — — 38,389 38,389 — — 46,238 46,238 Loans at fair value — — 18,213,667 18,213,667 — — 13,557,074 13,557,074 Servicing rights — — 145,663 145,663 — — 149,854 149,854 Third party warrants (4)(5) — — 630 630 — — 630 630 Derivative assets (4)(6)(7) — 2,112 — 2,112 — 24,612 — 24,612 Purchase price earn-out (4)(8) — — — — — — 54 54 IRLCs (4)(9) — — 1,352 1,352 — — 216 216 Student loan commitments (4)(9) — — 189 189 — — — — Interest rate caps (4)(7) — 7,812 — 7,812 — 9,178 — 9,178 Digital assets safeguarding asset (4)(10) — 166,022 — 166,022 — 106,826 — 106,826 Total assets $ 329,676 $ 356,113 $ 18,399,890 $ 19,085,679 $ 137,032 $ 354,115 $ 13,754,066 $ 14,245,213 Liabilities Debt (11) $ — $ 148,362 $ — $ 148,362 $ — $ 89,142 $ — $ 89,142 Residual interests classified as debt — — 11,332 11,332 — — 17,048 17,048 Derivative liabilities (4)(6)(7) — 8,126 — 8,126 — 9,331 — 9,331 Student loan commitments (4)(9) — — — — — — 236 236 Digital assets safeguarding liability (4)(10) — 166,022 — 166,022 — 106,826 — 106,826 Total liabilities $ — $ 322,510 $ 11,332 $ 333,842 $ — $ 205,299 $ 17,284 $ 222,583 _____________________ (1) The investments in AFS debt securities that were classified as Level 2 rely upon observable inputs other than quoted prices, dealer quotes in markets that are not active and implied pricing derived from new issuances of similar securities. See Note 6. Investment Securities for additional information. (2) These assets are presented within investment securities in the condensed consolidated balance sheets. (3) These assets represent the carrying value of our holdings in VIEs wherein we were not deemed the primary beneficiary. See Note 7. Securitization and Variable Interest Entities for additional information. We classify asset-backed bonds as Level 2 due to the use of quoted prices for similar assets in markets that are not active, as well as certain factors specific to us. The key inputs used to value the asset-backed bonds include the discount rate and conditional prepayment rate. The fair value of our asset-backed bonds was not materially impacted by default assumptions on the underlying securitization loans, as the subordinate residual interests are expected to absorb all estimated losses based on our default assumptions for the period. We classify the residual investments as Level 3 due to the reliance on significant unobservable valuation inputs. (4) These assets and liabilities are presented within other assets and accounts payable, accruals and other liabilities , respectively, in the condensed consolidated balance sheets. (5) The key unobservable assumption used in the fair value measurement of the third party warrants was the price of the stock underlying the warrants. The fair value was measured as the difference between the stock price and the strike price of the warrants. As the strike price was insignificant, we concluded that the impact of time value on the fair value measure was immaterial. (6) For certain derivative instruments for which an enforceable master netting agreement exists, we elected to net derivative assets and derivative liabilities by counterparty. These instruments are presented on a gross basis herein. See Note 11. Derivative Financial Instruments for additional information. (7) Home loan pipeline hedges represent to-be-announced (“TBA”) securities used as economic hedges of loan fair values and are classified as Level 2, as we rely on quoted market prices from similar loan pools that transact in the marketplace. Interest rate swaps and interest rate caps are classified as Level 2, because these financial instruments do not trade in active markets with observable prices, but rely on observable inputs other than quoted prices. As of June 30, 2023 and December 31, 2022, interest rate swaps and interest rate caps were valued using the overnight SOFR curve and the implied volatilities suggested by the SOFR rate curve. These were determined to be observable inputs from active markets. (8) The purchase price earn-out provision is classified as Level 3 because of our reliance on unobservable inputs related to the underlying loan portfolio performance, such as conditional prepayment rates, annual default rates and discount rates. (9) IRLCs and student loan commitments are classified as Level 3 because of our reliance on assumed loan funding probabilities. The assumed probabilities are based on our internal historical experience with home loans and student loans similar to those in the funding pipelines on the measurement date. (10) The digital assets safeguarding liability and corresponding safeguarding asset are classified as Level 2, because they do not trade in active markets, and are valued using quoted prices on an active exchange that has been identified as the principal market for the underlying digital assets that are being held by our third-party custodians for the benefit of our members. (11) The fair value of our securitization debt was classified as Level 2 and valued using a discounted cash flow model, with key inputs relating to the underlying contractual coupons, terms, discount rate and expectations for defaults and prepayments. As of June 30, 2023 and December 31, 2022, the unpaid principal related to debt measured at fair value was $159,679 and $98,868, respectively. For the three and six months ended June 30, 2023, gains (losses) from changes in fair value were $311 and $(633), respectively. The estimated amounts of gains (losses) included in earnings attributable to changes in instrument-specific credit risk, which were derived principally from observable changes in credit spread as observed in the bond market, were immaterial.
Schedule of Changes in Assets Measured at Fair Value on a Recurring Basis	The following tables present the changes in our assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3). We did not have any transfers into or out of Level 3 during the periods presented. Fair Value at Fair Value at March 31, Impact on Earnings Purchases Sales Issuances Settlements Other Changes June 30, Assets Personal loans $ 10,536,999 $ (25,045) $ 290 $ (50,013) $ 3,740,981 $ (1,451,960) $ (89) $ 12,751,163 Student loans 5,240,059 (32,806) 111,923 (96,678) 395,367 (228,997) (4,947) 5,383,921 Home loans 81,047 (990) 22,363 (266,413) 243,123 (927) 380 78,583 Loans at fair value (1) 15,858,105 (58,841) 134,576 (413,104) 4,379,471 (1,681,884) (4,656) 18,213,667 Servicing rights (2) 146,514 8,925 408 (990) 6,483 (15,677) — 145,663 Residual investments (3) 42,960 (298) — (501) — (3,772) — 38,389 IRLCs (4) 634 989 363 — — (634) — 1,352 Student loan commitments (4) 75 189 — — — (75) — 189 Third party warrants 630 — — — — — — 630 Liabilities Residual interests classified as debt (3) (15,565) 602 (1,203) — — 4,834 — (11,332) Net impact on earnings (48,434) Fair Value at Fair Value at January 1, Impact on Earnings Purchases Sales Issuances Settlements Other Changes June 30, Assets Personal loans $ 8,610,434 $ 61,155 $ 40,329 $ (50,013) $ 6,692,339 $ (2,602,886) $ (195) $ 12,751,163 Student loans 4,877,177 31,893 111,923 (96,678) 920,740 (458,678) (2,456) 5,383,921 Home loans 69,463 (1,484) 22,915 (344,293) 332,910 (1,308) 380 78,583 Loans at fair value (1) 13,557,074 91,564 175,167 (490,984) 7,945,989 (3,062,872) (2,271) 18,213,667 Servicing rights (2) 149,854 21,009 1,021 (1,125) 7,437 (32,533) — 145,663 Residual investments (3) 46,238 806 — (807) — (7,848) — 38,389 Purchase price earn out (5) 54 9 — — — (63) — — IRLCs (4) 216 1,623 363 — — (850) — 1,352 Student loan commitments (4) (236) 264 — — — 161 — 189 Third party warrants 630 — — — — — — 630 Liabilities Residual interests classified as debt (3) (17,048) 513 (1,203) — — 6,406 — (11,332) Net impact on earnings 115,788 Fair Value at Fair Value at March 31, Impact on Earnings Purchases Sales Issuances Settlements Other Changes June 30, Assets Personal loans $ 3,118,788 $ 35,885 $ 67,189 $ (1,123,898) $ 2,471,849 $ (461,178) $ 1,110 $ 4,109,745 Student loans 3,737,439 (350) 5,274 (259,690) 398,722 (167,049) 29 3,714,375 Home loans 146,658 (292) 330 (342,780) 332,047 (701) — 135,262 Loans at fair value (1) 7,002,885 35,243 72,793 (1,726,368) 3,202,618 (628,928) 1,139 7,959,382 Servicing rights (2) 173,505 9,098 1,317 (177) 15,132 (21,911) — 176,964 Residual investments (3) 106,677 290 — (220) — (11,769) — 94,978 Purchase price earn out (5) 2,285 212 — — — (1,872) — 625 IRLCs (4) (3,039) 1,120 — — — 3,039 — 1,120 Third party warrants (6) 1,227 (461) — — — — — 766 Liabilities Residual interests classified as debt (3) (70,532) (2,662) — — — 18,758 — (54,436) Student loan commitments (4) 23 (254) — — — (23) — (254) Net impact on earnings 42,586 Fair Value at Fair Value at January 1, Impact on Earnings Purchases Sales Issuances Settlements Other Changes June 30, Assets Personal loans $ 2,289,426 $ 26,869 $ 227,937 $ (2,101,818) $ 4,497,853 $ (833,632) $ 3,110 $ 4,109,745 Student loans 3,450,837 (44,646) 121,707 (803,840) 1,382,526 (394,164) 1,955 3,714,375 Home loans 212,709 (9,454) 828 (708,150) 644,430 (5,101) — 135,262 Loans at fair value (1) 5,952,972 (27,231) 350,472 (3,613,808) 6,524,809 (1,232,897) 5,065 7,959,382 Servicing rights (2) 168,259 20,678 1,946 (1,587) 31,618 (43,950) — 176,964 Residual investments (3) 121,019 1,052 — (220) — (26,873) — 94,978 Purchase price earn out (5) 4,272 1,042 — — — (4,689) — 625 IRLCs (4) 3,759 (1,919) — — — (720) — 1,120 Third party warrants (6) 1,369 (603) — — — — — 766 Liabilities Residual interests classified as debt (3) (93,682) (5,625) — — — 44,871 — (54,436) Student loan commitments (4) 2,220 (231) — — — (2,243) — (254) Net impact on earnings (12,837) _____________________ (1) For loans at fair value, purchases reflect unpaid principal balance and relate to previously transferred loans. Purchase activity included securitization clean-up calls of $39,936 during the six months ended June 30, 2023, and $60,240 and $335,739 during the three and six months ended June 30, 2022, respectively. There were no securitization clean-up calls during the three months ended June 30, 2023. The remaining purchases during the periods presented related to standard representations and warranties pursuant to our various loan sale agreements. Issuances represent the principal balance of loans originated during the period. Settlements represent principal payments made on loans during the period. Other changes represent fair value adjustments that impact the balance sheet primarily associated with whole loan strategic repurchases, clean up calls and consolidated securitizations. Impacts on earnings for loans at fair value are recorded within interest income—loans , within noninterest income—loan origination and sales and —securitizations , and within noninterest expense—general and administrative in the condensed consolidated statements of operations and comprehensive income (loss). (2) For servicing rights, impacts on earnings are recorded within noninterest income—servicing in the condensed consolidated statements of operations and comprehensive income (loss). (3) For residual investments, sales include the derecognition of investments associated with securitization clean up calls. The estimated amounts of gains and losses for residual investments included in earnings attributable to changes in instrument-specific credit risk were immaterial during the periods presented. For residual investments and residual interests classified as debt, impacts on earnings are recorded within noninterest income—securitizations in the condensed consolidated statements of operations and comprehensive income (loss), a portion of which is subsequently reclassified to interest expense—securitizations and warehouses for residual interests classified as debt and to interest income—securitizations for residual investments, but does not impact the liability or asset balance, respectively. (4) For IRLCs and student loan commitments, settlements reflect funded and unfunded adjustments representing the unpaid principal balance of funded and unfunded loans during the quarter multiplied by the IRLC or student loan commitment price in effect at the beginning of the quarter. Purchases of IRLCs during the three months ended June 30, 2023 were associated with our acquisition of Wyndham. For year-to-date periods, amounts represent the summation of the per-quarter effects. For IRLCs and student loan commitments, impacts on earnings are recorded within noninterest income—loan origination and sales in the condensed consolidated statements of operations and comprehensive income (loss). (5) For purchase price earn out, impacts on earnings are recorded within noninterest income—loan origination and sales in the condensed consolidated statements of operations and comprehensive income (loss). (6) For third party warrants, impacts on earnings are recorded within noninterest income—other in the condensed consolidated statements of operations and comprehensive income (loss).
Schedule of Changes in Liabilities Measured at Fair Value on a Recurring Basis	The following tables present the changes in our assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3). We did not have any transfers into or out of Level 3 during the periods presented. Fair Value at Fair Value at March 31, Impact on Earnings Purchases Sales Issuances Settlements Other Changes June 30, Assets Personal loans $ 10,536,999 $ (25,045) $ 290 $ (50,013) $ 3,740,981 $ (1,451,960) $ (89) $ 12,751,163 Student loans 5,240,059 (32,806) 111,923 (96,678) 395,367 (228,997) (4,947) 5,383,921 Home loans 81,047 (990) 22,363 (266,413) 243,123 (927) 380 78,583 Loans at fair value (1) 15,858,105 (58,841) 134,576 (413,104) 4,379,471 (1,681,884) (4,656) 18,213,667 Servicing rights (2) 146,514 8,925 408 (990) 6,483 (15,677) — 145,663 Residual investments (3) 42,960 (298) — (501) — (3,772) — 38,389 IRLCs (4) 634 989 363 — — (634) — 1,352 Student loan commitments (4) 75 189 — — — (75) — 189 Third party warrants 630 — — — — — — 630 Liabilities Residual interests classified as debt (3) (15,565) 602 (1,203) — — 4,834 — (11,332) Net impact on earnings (48,434) Fair Value at Fair Value at January 1, Impact on Earnings Purchases Sales Issuances Settlements Other Changes June 30, Assets Personal loans $ 8,610,434 $ 61,155 $ 40,329 $ (50,013) $ 6,692,339 $ (2,602,886) $ (195) $ 12,751,163 Student loans 4,877,177 31,893 111,923 (96,678) 920,740 (458,678) (2,456) 5,383,921 Home loans 69,463 (1,484) 22,915 (344,293) 332,910 (1,308) 380 78,583 Loans at fair value (1) 13,557,074 91,564 175,167 (490,984) 7,945,989 (3,062,872) (2,271) 18,213,667 Servicing rights (2) 149,854 21,009 1,021 (1,125) 7,437 (32,533) — 145,663 Residual investments (3) 46,238 806 — (807) — (7,848) — 38,389 Purchase price earn out (5) 54 9 — — — (63) — — IRLCs (4) 216 1,623 363 — — (850) — 1,352 Student loan commitments (4) (236) 264 — — — 161 — 189 Third party warrants 630 — — — — — — 630 Liabilities Residual interests classified as debt (3) (17,048) 513 (1,203) — — 6,406 — (11,332) Net impact on earnings 115,788 Fair Value at Fair Value at March 31, Impact on Earnings Purchases Sales Issuances Settlements Other Changes June 30, Assets Personal loans $ 3,118,788 $ 35,885 $ 67,189 $ (1,123,898) $ 2,471,849 $ (461,178) $ 1,110 $ 4,109,745 Student loans 3,737,439 (350) 5,274 (259,690) 398,722 (167,049) 29 3,714,375 Home loans 146,658 (292) 330 (342,780) 332,047 (701) — 135,262 Loans at fair value (1) 7,002,885 35,243 72,793 (1,726,368) 3,202,618 (628,928) 1,139 7,959,382 Servicing rights (2) 173,505 9,098 1,317 (177) 15,132 (21,911) — 176,964 Residual investments (3) 106,677 290 — (220) — (11,769) — 94,978 Purchase price earn out (5) 2,285 212 — — — (1,872) — 625 IRLCs (4) (3,039) 1,120 — — — 3,039 — 1,120 Third party warrants (6) 1,227 (461) — — — — — 766 Liabilities Residual interests classified as debt (3) (70,532) (2,662) — — — 18,758 — (54,436) Student loan commitments (4) 23 (254) — — — (23) — (254) Net impact on earnings 42,586 Fair Value at Fair Value at January 1, Impact on Earnings Purchases Sales Issuances Settlements Other Changes June 30, Assets Personal loans $ 2,289,426 $ 26,869 $ 227,937 $ (2,101,818) $ 4,497,853 $ (833,632) $ 3,110 $ 4,109,745 Student loans 3,450,837 (44,646) 121,707 (803,840) 1,382,526 (394,164) 1,955 3,714,375 Home loans 212,709 (9,454) 828 (708,150) 644,430 (5,101) — 135,262 Loans at fair value (1) 5,952,972 (27,231) 350,472 (3,613,808) 6,524,809 (1,232,897) 5,065 7,959,382 Servicing rights (2) 168,259 20,678 1,946 (1,587) 31,618 (43,950) — 176,964 Residual investments (3) 121,019 1,052 — (220) — (26,873) — 94,978 Purchase price earn out (5) 4,272 1,042 — — — (4,689) — 625 IRLCs (4) 3,759 (1,919) — — — (720) — 1,120 Third party warrants (6) 1,369 (603) — — — — — 766 Liabilities Residual interests classified as debt (3) (93,682) (5,625) — — — 44,871 — (54,436) Student loan commitments (4) 2,220 (231) — — — (2,243) — (254) Net impact on earnings (12,837) _____________________ (1) For loans at fair value, purchases reflect unpaid principal balance and relate to previously transferred loans. Purchase activity included securitization clean-up calls of $39,936 during the six months ended June 30, 2023, and $60,240 and $335,739 during the three and six months ended June 30, 2022, respectively. There were no securitization clean-up calls during the three months ended June 30, 2023. The remaining purchases during the periods presented related to standard representations and warranties pursuant to our various loan sale agreements. Issuances represent the principal balance of loans originated during the period. Settlements represent principal payments made on loans during the period. Other changes represent fair value adjustments that impact the balance sheet primarily associated with whole loan strategic repurchases, clean up calls and consolidated securitizations. Impacts on earnings for loans at fair value are recorded within interest income—loans , within noninterest income—loan origination and sales and —securitizations , and within noninterest expense—general and administrative in the condensed consolidated statements of operations and comprehensive income (loss). (2) For servicing rights, impacts on earnings are recorded within noninterest income—servicing in the condensed consolidated statements of operations and comprehensive income (loss). (3) For residual investments, sales include the derecognition of investments associated with securitization clean up calls. The estimated amounts of gains and losses for residual investments included in earnings attributable to changes in instrument-specific credit risk were immaterial during the periods presented. For residual investments and residual interests classified as debt, impacts on earnings are recorded within noninterest income—securitizations in the condensed consolidated statements of operations and comprehensive income (loss), a portion of which is subsequently reclassified to interest expense—securitizations and warehouses for residual interests classified as debt and to interest income—securitizations for residual investments, but does not impact the liability or asset balance, respectively. (4) For IRLCs and student loan commitments, settlements reflect funded and unfunded adjustments representing the unpaid principal balance of funded and unfunded loans during the quarter multiplied by the IRLC or student loan commitment price in effect at the beginning of the quarter. Purchases of IRLCs during the three months ended June 30, 2023 were associated with our acquisition of Wyndham. For year-to-date periods, amounts represent the summation of the per-quarter effects. For IRLCs and student loan commitments, impacts on earnings are recorded within noninterest income—loan origination and sales in the condensed consolidated statements of operations and comprehensive income (loss). (5) For purchase price earn out, impacts on earnings are recorded within noninterest income—loan origination and sales in the condensed consolidated statements of operations and comprehensive income (loss). (6) For third party warrants, impacts on earnings are recorded within noninterest income—other in the condensed consolidated statements of operations and comprehensive income (loss).
Schedule of Valuation Inputs and Assumptions	The following key unobservable assumptions were used in the fair value measurement of our loans: June 30, 2023 December 31, 2022 Range Weighted Average Range Weighted Average Personal loans Conditional prepayment rate 14.8% – 26.9% 19.0% 17.3% – 25.5% 19.1% Annual default rate 4.0% – 47.6% 4.6% 3.8% – 37.7% 4.4% Discount rate 5.9% – 8.8% 6.1% 5.4% – 8.3% 6.1% Student loans Conditional prepayment rate 8.8% – 13.4% 10.6% 16.3% – 21.8% 20.4% Annual default rate 0.3% – 4.5% 0.5% 0.2% – 4.5% 0.5% Discount rate 4.0% – 8.7% 4.4% 3.6% – 8.7% 4.0% Home loans Conditional prepayment rate 2.0% – 10.6% 7.5% 2.0% – 10.2% 7.0% Annual default rate 0.1% – 1.1% 0.1% 0.1% – 1.3% 0.1% Discount rate 5.3% – 14.5% 5.8% 5.7% – 14.1% 5.9% The following key unobservable inputs were used in the fair value measurement of our classes of servicing rights: June 30, 2023 December 31, 2022 Range Weighted Average Range Weighted Average Personal loans Market servicing costs 0.2% – 0.6% 0.3% 0.2% – 0.5% 0.3% Conditional prepayment rate 18.1% – 29.9% 24.5% 17.9% – 31.3% 22.7% Annual default rate 3.2% – 15.0% 6.8% 3.4% – 7.9% 4.9% Discount rate 8.3% – 8.3% 8.3% 7.8% – 7.8% 7.8% Student loans Market servicing costs 0.1% – 0.2% 0.1% 0.1% – 0.2% 0.1% Conditional prepayment rate 8.7% – 15.2% 12.4% 15.4% – 21.9% 17.8% Annual default rate 0.3% – 3.7% 0.5% 0.3% – 4.3% 0.4% Discount rate 8.3% – 8.3% 8.3% 7.8% – 7.8% 7.8% Home loans Market servicing costs 0.1% – 0.1% 0.1% 0.1% – 0.1% 0.1% Conditional prepayment rate 4.9% – 11.9% 5.6% 4.9% – 11.0% 5.2% Annual default rate 0.1% – 0.2% 0.1% 0.1% – 0.1% 0.1% Discount rate 9.0% – 9.0% 9.0% 9.0% – 9.0% 9.0% The following key unobservable inputs were used in the fair value measurements of our residual investments and residual interests classified as debt: June 30, 2023 December 31, 2022 Range Weighted Average Range Weighted Average Residual investments Conditional prepayment rate 12.6% – 28.4% 14.5% 17.9% – 32.0% 19.9% Annual default rate 0.4% – 6.3% 1.2% 0.4% – 5.4% 1.1% Discount rate 5.5% – 10.5% 7.4% 4.8% – 10.5% 6.7% Residual interests classified as debt Conditional prepayment rate 12.7% – 13.6% 12.9% 17.2% – 18.1% 17.8% Annual default rate 0.6% – 0.9% 0.7% 0.6% – 0.8% 0.7% Discount rate 8.8% – 9.3% 8.8% 7.5% – 7.5% 7.5% June 30, 2023 December 31, 2022 Range Weighted Average Range Weighted Average IRLCs Loan funding probability (1) 25.0% – 82.0% 82.0% 11.1% – 58.6% 46.3% Student loan commitments Loan funding probability (1) 95.0% – 95.0% 95.0% 95.0% – 95.0% 95.0% ___________________ (1) The aggregate amount of student loans we committed to fund was $22,628 as of June 30, 2023. The higher assumptions in the second quarter of 2023 reflect the home loan funding pipeline associated with our acquisition of Wyndham. See Note 11. Derivative Financial Instruments for the aggregate notional amount associated with IRLCs.
Schedule of Sensitivity Analysis for Servicing Rights	The following table presents the estimated decrease to the fair value of our servicing rights if the key assumptions had each of the below adverse changes: June 30, 2023 December 31, 2022 Market servicing costs 2.5 basis points increase $ (10,558) $ (10,395) 5.0 basis points increase (21,116) (20,807) Conditional prepayment rate 10% increase $ (3,548) $ (4,036) 20% increase (6,926) (7,833) Annual default rate 10% increase $ (170) $ (166) 20% increase (339) (331) Discount rate 100 basis points increase $ (4,098) $ (3,905) 200 basis points increase (7,932) (7,562)
Schedule of Safeguarding Assets and Liabilities	The following table presents the significant digital assets held by our third-party custodians on behalf of our members: June 30, 2023 December 31, 2022 Bitcoin (BTC) $ 82,008 $ 44,346 Ethereum (ETH) 55,522 37,826 Cardano (ADA) (1) 4,532 5,217 Dogecoin (DOGE) 4,954 4,784 Solana (SOL) (1) 2,174 1,588 Litecoin (LTC) 3,547 2,492 Ethereum Classic (ETC) 2,974 2,333 All other (1)(2) 10,311 8,240 Digital assets safeguarding liability and corresponding safeguarding asset $ 166,022 $ 106,826 ___________________ (1) Effective June 9, 2023, we ended support of these digital assets, as well as several others included in the “all other” category. (2) Includes 23 digital assets as of June 30, 2023 and December 31, 2022, respectively, none of which were determined to be individually significant.
Fair Value Disclosure of Asset and Liability Not Measured at Fair Value	The following table summarizes the carrying values and estimated fair values, by level within the fair value hierarchy, of our assets and liabilities that are not measured at fair value on a recurring basis in the condensed consolidated balance sheets: Fair Value Carrying Value Level 1 Level 2 Level 3 Total June 30, 2023 Assets Cash and cash equivalents (1) $ 3,015,652 $ 3,015,652 $ — $ — $ 3,015,652 Restricted cash and restricted cash equivalents (1) 485,476 485,476 — — 485,476 Loans at amortized cost (2) 347,551 — — 369,241 369,241 Other investments (3) 42,543 — 42,543 — 42,543 Total assets $ 3,891,222 $ 3,501,128 $ 42,543 $ 369,241 $ 3,912,912 Liabilities Deposits (4) $ 12,740,073 $ — $ 12,733,702 $ — $ 12,733,702 Debt (5) 6,335,964 945,000 5,155,958 — 6,100,958 Total liabilities $ 19,076,037 $ 945,000 $ 17,889,660 $ — $ 18,834,660 December 31, 2022 Assets Cash and cash equivalents (1) $ 1,421,907 $ 1,421,907 $ — $ — $ 1,421,907 Restricted cash and restricted cash equivalents (1) 424,395 424,395 — — 424,395 Loans at amortized cost (2) 307,957 — — 328,775 328,775 Other investments (3) 28,651 — 28,651 — 28,651 Total assets $ 2,182,910 $ 1,846,302 $ 28,651 $ 328,775 $ 2,203,728 Liabilities Deposits (4) $ 7,342,296 $ — $ 7,340,160 $ — $ 7,340,160 Debt (5) 5,396,740 826,242 4,219,574 — 5,045,816 Total liabilities $ 12,739,036 $ 826,242 $ 11,559,734 $ — $ 12,385,976 ___________________ (1) The carrying amounts of our cash and cash equivalents and restricted cash and restricted cash equivalents approximate their fair values due to the short-term maturities and highly liquid nature of these accounts. (2) The fair value of our credit cards was determined using a discounted cash flow model with key inputs relating to weighted average lives, expected lifetime loss rates and discount rate. The fair value of our commercial and consumer banking loans was determined using a discounted cash flow model with key inputs relating to the underlying contractual coupons, terms, discount rate and expectations for defaults. (3) Other investments include Federal Reserve Bank (“FRB”) stock and FHLB stock, which are presented within other assets in the condensed consolidated balance sheets. (4) The fair values of our deposits without contractually defined maturities (such as demand and savings deposits) and our noninterest-bearing deposits approximate their carrying values. The fair value of our time-based deposits was determined using a discounted cash flow model based on rates currently offered for deposits of similar remaining maturities. (5) The carrying value of our debt is net of unamortized discounts and debt issuance costs. The fair value of our convertible notes was classified as Level 1, as it was based on an observable market quote. The fair values of our warehouse facility debt and revolving credit facility debt were classified as Level 2 and based on market factors and credit factors specific to these financial instruments. The fair value of our securitization debt was classified as Level 2 and valued using a discounted cash flow model, with key inputs relating to the underlying contractual coupons, terms, discount rate and expectations for defaults and prepayments.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
Share-Based Compensation (Tables)	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation	Share-based compensation expense related to stock options, RSUs and PSUs is presented within the following line items in the condensed consolidated statements of operations and comprehensive income (loss): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Technology and product development $ 24,391 $ 18,342 $ 42,619 $ 35,834 Sales and marketing 7,353 6,008 13,940 11,141 Cost of operations 2,895 4,816 4,395 8,959 General and administrative 41,239 50,976 79,150 101,229 Total $ 75,878 $ 80,142 $ 140,104 $ 157,163
Schedule of Stock Option Activity	The following is a summary of stock option activity: Number of Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Outstanding as of January 1, 2023 18,749,679 $ 7.43 4.7 Exercised (252,311) 2.31 Expired (46,226) 6.67 Outstanding as of June 30, 2023 18,451,142 $ 7.50 4.2 Exercisable as of June 30, 2023 18,425,768 $ 7.50 4.2
Schedule of Restricted Stock Unit Activity	The following table summarizes RSU activity: Number of Weighted Average Grant Date Fair Value Outstanding as of January 1, 2023 69,538,139 $ 9.07 Granted 32,568,512 6.18 Vested (1) (15,699,311) 8.64 Forfeited (6,160,789) 9.05 Outstanding as of June 30, 2023 80,246,551 $ 8.01 ________________________ (1) The total fair value, based on grant date fair value, of RSUs that vested during the six months ended June 30, 2023 was $135.6 million.
Schedule of Performance Stock Unit Activity	The following table summarizes PSU activity: Number of Weighted Average Grant Date Fair Value Outstanding as of January 1, 2023 19,563,747 $ 9.84 Forfeited (1,661,784) 7.51 Outstanding as of June 30, 2023 17,901,963 $ 10.05

Loss Per Share (Tables)

Loss Per Share (Tables)	6 Months Ended
Loss Per Share (Tables)	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The calculations of basic and diluted loss per share were as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Numerator: Net loss $ (47,549) $ (95,835) $ (81,971) $ (206,192) Less: Redeemable preferred stock dividends (10,079) (10,079) (20,047) (20,047) Net loss attributable to common stockholders – basic and diluted $ (57,628) $ (105,914) $ (102,018) $ (226,239) Denominator: Weighted average common stock outstanding – basic 936,569,420 910,046,750 932,926,222 881,608,165 Weighted average common stock outstanding – diluted 936,569,420 910,046,750 932,926,222 881,608,165 Loss per share – basic $ (0.06) $ (0.12) $ (0.11) $ (0.26) Loss per share – diluted $ (0.06) $ (0.12) $ (0.11) $ (0.26)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	We excluded the effect of the below elements from our calculation of diluted loss per share, as their inclusion would have been anti-dilutive, as there were no earnings attributable to common stockholders. These amounts represent the number of instruments outstanding at the end of the period. June 30, 2023 2022 Common stock options 18,451,142 19,634,712 Common stock warrants 12,170,990 12,170,990 Unvested RSUs 80,246,551 60,741,866 Unvested PSUs 17,901,963 21,797,374 Convertible notes (1) 53,538,000 53,538,000 Contingent common stock (2) 61,145 6,903,663 Potentially issuable contingent common stock (3) — 598,068 ________________________ (1) Represents the shares of common stock issuable upon conversion of all convertible notes at the conversion rate in effect at the date indicated. (2) As of June 30, 2023, includes contingently returnable common stock in connection with the Technisys Merger, which consists of shares that continue to be held in escrow pending resolution of outstanding indemnification claims by SoFi. See Note 2. Business Combinations for additional information. (3) As of June 30, 2022, included the maximum amount of potentially issuable contingent common stock in connection with the Technisys Merger, which was pending final agreement regarding a closing net working capital calculation specified in the merger agreement.

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
Business Segment Information (Tables)	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Reportable Segments	The following tables present financial information, including the measure of contribution profit (loss), for each reportable segment: Three Months Ended June 30, 2023 Lending Technology Platform (1) Financial Services (1) Reportable Segments Total Corporate/Other (1) Total Net revenue Net interest income (expense) $ 231,885 $ — $ 74,637 $ 306,522 $ (15,396) $ 291,126 Noninterest income (expense) (2) 99,556 87,623 23,415 210,594 (3,702) 206,892 Total net revenue (loss) $ 331,441 $ 87,623 $ 98,052 $ 517,116 $ (19,098) $ 498,018 Servicing rights – change in valuation inputs or assumptions (3) (8,601) — — (8,601) Residual interests classified as debt – change in valuation inputs or assumptions (4) (602) — — (602) Directly attributable expenses (138,929) (70,469) (102,399) (311,797) Contribution profit (loss) $ 183,309 $ 17,154 $ (4,347) $ 196,116 Three Months Ended June 30, 2022 Lending Technology Platform (1) Financial Services (1) Reportable Segments Total Corporate/Other (1) Total Net revenue Net interest income (expense) $ 114,003 $ — $ 12,925 $ 126,928 $ (4,199) $ 122,729 Noninterest income (expense) (2) 143,114 83,899 17,438 244,451 (4,653) 239,798 Total net revenue (loss) $ 257,117 $ 83,899 $ 30,363 $ 371,379 $ (8,852) $ 362,527 Servicing rights – change in valuation inputs or assumptions (3) (9,098) — — (9,098) Residual interests classified as debt – change in valuation inputs or assumptions (4) 2,662 — — 2,662 Directly attributable expenses (108,690) (62,058) (84,063) (254,811) Contribution profit (loss) $ 141,991 $ 21,841 $ (53,700) $ 110,132 Six Months Ended June 30, 2023 Lending Technology Platform (1) Financial Services (1) Reportable Segments Total Corporate/Other (1) Total Net revenue Net interest income (expense) $ 432,932 $ — $ 132,674 $ 565,606 $ (38,470) $ 527,136 Noninterest income (expense) (2) 235,590 165,510 46,479 447,579 (4,539) 443,040 Total net revenue (loss) 668,522 165,510 179,153 1,013,185 (43,009) 970,176 Servicing rights – change in valuation inputs or assumptions (3) (20,685) — — (20,685) Residual interests classified as debt – change in valuation inputs or assumptions (4) (513) — — (513) Directly attributable expenses (254,117) (133,499) (207,735) (595,351) Contribution profit (loss) $ 393,207 $ 32,011 $ (28,582) $ 396,636 Six Months Ended June 30, 2022 Lending Technology Platform (1) Financial Services (1) Reportable Segments Total Corporate/Other (1) Total Net revenue Net interest income (expense) $ 208,357 $ — $ 18,807 $ 227,164 $ (9,502) $ 217,662 Noninterest income (expense) (2) 301,749 144,704 35,099 481,552 (6,343) 475,209 Total net revenue (loss) $ 510,106 $ 144,704 $ 53,906 $ 708,716 $ (15,845) $ 692,871 Servicing rights – change in valuation inputs or assumptions (3) (20,678) — — (20,678) Residual interests classified as debt – change in valuation inputs or assumptions (4) 5,625 — — 5,625 Directly attributable expenses (220,411) (104,608) (157,121) (482,140) Contribution profit (loss) $ 274,642 $ 40,096 $ (103,215) $ 211,523 ____________________ (1) Within the Technology Platform segment, intercompany fees were $4,954 and $8,695 for the three and six months ended June 30, 2023, respectively, and $1,671 and $2,441 for the three and six months ended June 30, 2022. The equal and offsetting intercompany expenses are reflected within all three segments’ directly attributable expenses. The intercompany revenues and expenses are eliminated in consolidation. The revenues are eliminated within Corporate/Other and the expenses are adjusted in our reconciliation of directly attributable expenses below. (2) Refer to Note 3. Revenue for a reconciliation of revenue from contracts with customers to total noninterest income (expense). (3) Reflects changes in fair value inputs and assumptions, including market servicing costs, conditional prepayment, default rates and discount rates. This non-cash change, which is recorded within noninterest income in the condensed consolidated statements of operations and comprehensive income (loss), is unrealized during the period and, therefore, has no impact on our cash flows from operations. As such, the changes in fair value attributable to assumption changes are adjusted to provide management and financial users with better visibility into the cash flows available to finance our operations. (4) Reflects changes in fair value inputs and assumptions, including conditional prepayment, default rates and discount rates. When third parties finance our consolidated VIEs through purchasing residual interests, we receive proceeds at the time of the securitization close and, thereafter, pass along contractual cash flows to the residual interest owner. These obligations are measured at fair value on a recurring basis, with fair value changes recorded within noninterest income in the condensed consolidated statements of operations and comprehensive income (loss). The fair value change attributable to assumption changes has no impact on our initial financing proceeds, our future obligations to the residual interest owner (because future residual interest claims are limited to securitization collateral cash flows), or the general operations of our business. As such, this non-cash change in fair value during the period is adjusted to provide management and financial users with better visibility into the cash flows available to finance our operations. No single customer accounted for more than 10% of our consolidated revenues for the periods presented. The following table reconciles reportable segments total contribution profit to loss before income taxes. Expenses not allocated to reportable segments represent items that are not considered by our CODM in evaluating segment performance or allocating resources. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Reportable segments total contribution profit $ 196,116 $ 110,132 $ 396,636 $ 211,523 Corporate/Other total net loss (19,098) (8,852) (43,009) (15,845) Intercompany expenses 4,954 1,671 8,695 2,441 Servicing rights – change in valuation inputs or assumptions 8,601 9,098 20,685 20,678 Residual interests classified as debt – change in valuation inputs or assumptions 602 (2,662) 513 (5,625) Expenses not allocated to segments: Share-based compensation expense (75,878) (80,142) (140,104) (157,163) Employee-related costs (1) (55,605) (45,316) (117,419) (88,006) Depreciation and amortization expense (50,130) (38,056) (95,451) (68,754) Other corporate and unallocated expenses (2) (58,891) (41,589) (115,934) (104,570) Loss before income taxes $ (49,329) $ (95,716) $ (85,388) $ (205,321) __________________ (1) Includes compensation, benefits, restructuring charges, recruiting, certain occupancy-related costs and various travel costs of executive management, certain technology groups and general and administrative functions that are not directly attributable to the reportable segments. (2) Represents corporate overhead costs that are not allocated to reportable segments, which primarily includes corporate marketing and advertising costs, tools and subscription costs, professional services costs, corporate and FDIC insurance costs and transaction-related expenses.

Organization, Summary of Sign_3

Organization, Summary of Significant Accounting Policies and New Accounting Standards (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($) segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments \| segment	3
Restructuring charges \| $	$ 4,953

Business Combinations (Details)

Business Combinations (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
Business Combinations (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Payments to settle vested employee performance awards		$ 72,301
Goodwill	$ 1,640,679	1,640,679	$ 1,622,991
Lending
Business Acquisition [Line Items]
Goodwill	17,688	17,688
Technology Platform
Business Acquisition [Line Items]
Goodwill	1,585,832	1,585,832
Financial Services
Business Acquisition [Line Items]
Goodwill	$ 37,159	37,159
Technisys S.A.
Business Acquisition [Line Items]
Payments to settle vested employee performance awards		$ 17,946
Technisys S.A. \| Common Stock
Business Acquisition [Line Items]
Shares held in escrow (in shares)		61,145	6,305,595
Shares held in escrow, released (in shares)	6,244,450
Golden Pacific Bancorp, Inc.
Business Acquisition [Line Items]
Holdback amount	$ 3,300	$ 3,300

Revenue - Schedule of Revenues

Revenue - Schedule of Revenues (Details) - USD ($)	3 Months Ended		6 Months Ended
Revenue - Schedule of Revenues (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 104,693,000	$ 98,420,000	$ 200,175,000	$ 175,442,000
Loan origination and sales	103,064,000	144,414,000	229,575,000	302,118,000
Securitizations	(12,900,000)	(11,737,000)	(16,077,000)	(23,018,000)
Servicing	9,052,000	10,471,000	21,794,000	22,707,000
Other	2,983,000	(1,770,000)	7,573,000	(2,040,000)
Total other sources of revenue	102,199,000	141,378,000	242,865,000	299,767,000
Total noninterest income	206,892,000	239,798,000	443,040,000	475,209,000
Deferred revenue	6,823,000		6,823,000		$ 10,028,000
Deferred revenue, amount recognized	2,444,000	1,989,000	4,784,000	2,774,000
Lending
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
Financial Services
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	22,459,000	16,193,000	44,719,000	33,180,000
Technology Platform
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	82,234,000	82,227,000	155,456,000	142,262,000
Referrals \| Financial Services
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	8,223,000	8,805,000	17,849,000	16,573,000
Interchange \| Financial Services
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	8,663,000	3,007,000	15,932,000	7,293,000
Brokerage \| Financial Services
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	5,225,000	4,156,000	10,103,000	8,886,000
Other \| Financial Services
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	348,000	225,000	835,000	428,000
Technology services \| Technology Platform
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	80,328,000	81,111,000	152,457,000	140,268,000
Software licenses \| Technology Platform
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	1,961,000	558,000	2,633,000	1,258,000
Other \| Technology Platform
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ (55,000)	$ 558,000	$ 366,000	$ 736,000

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Accounts receivable associated with revenue from contracts with customer, net	$ 59,056	$ 61,226

Loans - Schedule of Loan Portfo

Loans - Schedule of Loan Portfolio (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Loans held for sale, at fair value	$ 18,213,667	$ 13,557,074
Total loans held for investment, at amortized cost	347,551	307,957
Total loans	18,561,218	13,865,031
Variable Interest Entity, Primary Beneficiary
Loans and Leases Receivable Disclosure [Line Items]
Loans held for sale, at fair value	1,065,741	931,701
Commercial and consumer banking
Loans and Leases Receivable Disclosure [Line Items]
Total loans held for investment, at amortized cost	109,266	98,793
Personal Loans \| Personal loans
Loans and Leases Receivable Disclosure [Line Items]
Loans held for sale, at fair value	12,751,163	8,610,434
Personal Loans \| Personal loans \| Variable Interest Entity, Primary Beneficiary
Loans and Leases Receivable Disclosure [Line Items]
Loans held for sale, at fair value	780,120	663,004
Student Loans \| Student loans
Loans and Leases Receivable Disclosure [Line Items]
Loans held for sale, at fair value	5,383,921	4,877,177
Student Loans \| Student loans \| Variable Interest Entity, Primary Beneficiary
Loans and Leases Receivable Disclosure [Line Items]
Loans held for sale, at fair value	285,621	268,697
Home loans \| Home loans
Loans and Leases Receivable Disclosure [Line Items]
Loans held for sale, at fair value	78,583	69,463
Credit card \| Credit card
Loans and Leases Receivable Disclosure [Line Items]
Total loans held for investment, at amortized cost	238,285	209,164
Commercial real estate \| Commercial and consumer banking
Loans and Leases Receivable Disclosure [Line Items]
Total loans held for investment, at amortized cost	99,945	88,652
Commercial and industrial \| Commercial and consumer banking
Loans and Leases Receivable Disclosure [Line Items]
Total loans held for investment, at amortized cost	6,016	7,179
Residential real estate and other consumer \| Commercial and consumer banking
Loans and Leases Receivable Disclosure [Line Items]
Total loans held for investment, at amortized cost	$ 3,305	$ 2,962

Loans - Schedule of Loans Measu

Loans - Schedule of Loans Measured at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Total fair value of loans	$ 18,213,667	$ 13,557,074
Personal Loans \| Personal loans
Loans and Leases Receivable Disclosure [Line Items]
Total fair value of loans	12,751,163	8,610,434
Student Loans \| Student Loans
Loans and Leases Receivable Disclosure [Line Items]
Total fair value of loans	5,383,921	4,877,177
Home Loans \| Home Loans
Loans and Leases Receivable Disclosure [Line Items]
Total fair value of loans	78,583	69,463
Fair Value, Recurring \| Fair Value
Loans and Leases Receivable Disclosure [Line Items]
Unpaid principal balance	17,522,838	13,155,622
Accumulated interest	104,182	75,257
Cumulative fair value adjustments	586,647	326,195
Total fair value of loans	18,213,667	13,557,074
Fair Value, Recurring \| Fair Value \| Fair value of loans 90 days or more delinquent
Loans and Leases Receivable Disclosure [Line Items]
Unpaid principal balance	55,889	34,424
Accumulated interest	2,627	1,511
Cumulative fair value adjustments	(48,618)	(28,354)
Total fair value of loans	9,898	7,581
Fair Value, Recurring \| Fair Value \| Personal Loans \| Personal loans
Loans and Leases Receivable Disclosure [Line Items]
Unpaid principal balance	12,171,935	8,283,400
Accumulated interest	82,868	55,673
Cumulative fair value adjustments	496,360	271,361
Total fair value of loans	12,751,163	8,610,434
Fair Value, Recurring \| Fair Value \| Personal Loans \| Fair value of loans 90 days or more delinquent \| Personal loans
Loans and Leases Receivable Disclosure [Line Items]
Unpaid principal balance	49,097	27,989
Accumulated interest	2,299	1,207
Cumulative fair value adjustments	(44,552)	(25,022)
Total fair value of loans	6,844	4,174
Fair Value, Recurring \| Fair Value \| Student Loans \| Student Loans
Loans and Leases Receivable Disclosure [Line Items]
Unpaid principal balance	5,262,975	4,794,517
Accumulated interest	21,164	19,433
Cumulative fair value adjustments	99,782	63,227
Total fair value of loans	5,383,921	4,877,177
Fair Value, Recurring \| Fair Value \| Student Loans \| Fair value of loans 90 days or more delinquent \| Student Loans
Loans and Leases Receivable Disclosure [Line Items]
Unpaid principal balance	6,579	6,435
Accumulated interest	328	304
Cumulative fair value adjustments	(3,926)	(3,332)
Total fair value of loans	2,981	3,407
Fair Value, Recurring \| Fair Value \| Home Loans \| Home Loans
Loans and Leases Receivable Disclosure [Line Items]
Unpaid principal balance	87,928	77,705
Accumulated interest	150	151
Cumulative fair value adjustments	(9,495)	(8,393)
Total fair value of loans	78,583	69,463
Fair Value, Recurring \| Fair Value \| Home Loans \| Fair value of loans 90 days or more delinquent \| Home Loans
Loans and Leases Receivable Disclosure [Line Items]
Unpaid principal balance	213	0
Accumulated interest	0	0
Cumulative fair value adjustments	(140)	0
Total fair value of loans	$ 73	$ 0

Loans - Narrative (Details)

Loans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Loans - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Receivables [Abstract]
Deconsolidation of debt	$ 45.9	$ 0	$ 45.9	$ 0

Loans - Schedule of Whole Loan

Loans - Schedule of Whole Loan Sales (Details) - Whole loans - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Personal loans
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Cash	$ 51,473	$ 1,163,029	$ 51,473	$ 2,181,718
Servicing assets recognized	888	7,659	888	14,083
Repurchase liabilities recognized	(360)	(2,789)	(360)	(5,087)
Total consideration received	52,001	1,167,899	52,001	2,190,714
Aggregate unpaid principal balance and accrued interest of loans sold	50,322	1,129,237	50,322	2,111,092
Gain (loss) from loan sales	$ 1,679	$ 38,662	$ 1,679	$ 79,622
Sale execution	104.10%	103.70%	104.10%	104%
Student Loans
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Cash	$ 98,624	$ 257,859	$ 98,624	$ 806,770
Servicing assets recognized	2,792	2,991	2,792	8,815
Repurchase liabilities recognized	(16)	(41)	(16)	(121)
Total consideration received	101,400	260,809	101,400	815,464
Aggregate unpaid principal balance and accrued interest of loans sold	99,916	261,324	99,916	807,611
Gain (loss) from loan sales	$ 1,484	$ (515)	$ 1,484	$ 7,853
Sale execution	101.50%	99.80%	101.50%	101%
Home Loans
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Cash	$ 267,052	$ 322,219	$ 344,871	$ 681,919
Servicing assets recognized	2,803	4,482	3,757	8,720
Repurchase liabilities recognized	(751)	(315)	(847)	(735)
Total consideration received	269,104	326,386	347,781	689,904
Aggregate unpaid principal balance and accrued interest of loans sold	266,634	342,952	344,610	708,512
Gain (loss) from loan sales	$ 2,470	$ (16,566)	$ 3,171	$ (18,608)
Sale execution	101.20%	95.30%	101.20%	97.50%

Loans - Schedule of Transferred

Loans - Schedule of Transferred Loans with Continued Involvement but Not Recorded on Consolidated Balance Sheet and Cash Flows Received (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Contractually Specified Servicing Fee Income, Statement Of Income Or Comprehensive Income, Extensible Enumeration, Not Disclosed Flag			Servicing fees collected from transferred loans
Variable Interest Entity, Not Primary Beneficiary
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	$ 14,163,484		$ 14,163,484		$ 15,715,938
Servicing fees collected from transferred loans	14,931	$ 22,432	33,458	$ 42,604
Charge-offs, net of recoveries, of transferred loans	51,416	31,169	106,684	56,074
Loans In Delinquency \| Variable Interest Entity, Not Primary Beneficiary
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	233,165		233,165		241,319
Loans In Delinquency \| Variable Interest Entity, Not Primary Beneficiary \| Loans in delinquency (10-29 days past due)
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	99,752		99,752		113,169
Loans In Delinquency \| Variable Interest Entity, Not Primary Beneficiary \| Loans in delinquency (30+ days past due)
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	133,413		133,413		128,150
Personal loans \| Variable Interest Entity, Not Primary Beneficiary
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	2,088,650		2,088,650		2,995,601
Servicing fees collected from transferred loans	4,870	8,457	11,047	16,825
Charge-offs, net of recoveries, of transferred loans	41,411	21,977	87,526	38,662
Personal loans \| Loans In Delinquency \| Variable Interest Entity, Not Primary Beneficiary
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	102,440		102,440		108,991
Personal loans \| Loans In Delinquency \| Variable Interest Entity, Not Primary Beneficiary \| Loans in delinquency (10-29 days past due)
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	42,820		42,820		44,337
Personal loans \| Loans In Delinquency \| Variable Interest Entity, Not Primary Beneficiary \| Loans in delinquency (30+ days past due)
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	59,620		59,620		64,654
Student Loans \| Variable Interest Entity, Not Primary Beneficiary
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	6,799,935		6,799,935		7,586,031
Servicing fees collected from transferred loans	6,402	11,045	15,592	20,213
Charge-offs, net of recoveries, of transferred loans	10,005	9,192	19,158	17,412
Student Loans \| Loans In Delinquency \| Variable Interest Entity, Not Primary Beneficiary
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	108,187		108,187		115,818
Student Loans \| Loans In Delinquency \| Variable Interest Entity, Not Primary Beneficiary \| Loans in delinquency (10-29 days past due)
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	56,932		56,932		68,832
Student Loans \| Loans In Delinquency \| Variable Interest Entity, Not Primary Beneficiary \| Loans in delinquency (30+ days past due)
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	51,255		51,255		46,986
Home Loans \| Variable Interest Entity, Not Primary Beneficiary
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	5,274,899		5,274,899		5,134,306
Servicing fees collected from transferred loans	3,659	$ 2,930	6,819	$ 5,566
Home Loans \| Loans In Delinquency \| Variable Interest Entity, Not Primary Beneficiary
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	22,538		22,538		16,510
Home Loans \| Loans In Delinquency \| Variable Interest Entity, Not Primary Beneficiary \| Loans in delinquency (10-29 days past due)
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	0		0		0
Home Loans \| Loans In Delinquency \| Variable Interest Entity, Not Primary Beneficiary \| Loans in delinquency (30+ days past due)
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total loans serviced	$ 22,538		$ 22,538		$ 16,510

Loans - Schedule of Loans by St

Loans - Schedule of Loans by Status (Details) - USD ($)	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Financing receivable, allowance for credit loss	$ 41,227,000		$ 40,788,000
Total Loans
Financing Receivable, Past Due [Line Items]
Total loans	383,668,000		344,106,000
Current
Financing Receivable, Past Due [Line Items]
Total loans	364,088,000		325,311,000
Total Delinquent Loans
Financing Receivable, Past Due [Line Items]
Total loans	19,580,000		18,795,000
30–59 Days
Financing Receivable, Past Due [Line Items]
Total loans	4,550,000		4,670,000
60–89 Days
Financing Receivable, Past Due [Line Items]
Total loans	4,609,000		3,627,000
≥ 90 Days
Financing Receivable, Past Due [Line Items]
Total loans	10,421,000		10,498,000
Credit card \| Credit card loans
Financing Receivable, Past Due [Line Items]
Loans on nonaccrual status	0		0
Financing receivable, allowance for credit loss	39,361,000	$ 37,089,000	39,110,000	$ 21,974,000	$ 16,500,000	$ 7,037,000
Accumulated accrued interest	4,768,000		4,315,000
Credit card \| Credit card loans \| Total Loans
Financing Receivable, Past Due [Line Items]
Total loans	272,878,000		243,959,000
Credit card \| Credit card loans \| Current
Financing Receivable, Past Due [Line Items]
Total loans	254,089,000		225,165,000
Credit card \| Credit card loans \| Total Delinquent Loans
Financing Receivable, Past Due [Line Items]
Total loans	18,789,000		18,794,000
Credit card \| Credit card loans \| 30–59 Days
Financing Receivable, Past Due [Line Items]
Total loans	4,547,000		4,670,000
Credit card \| Credit card loans \| 60–89 Days
Financing Receivable, Past Due [Line Items]
Total loans	3,821,000		3,626,000
Credit card \| Credit card loans \| ≥ 90 Days
Financing Receivable, Past Due [Line Items]
Total loans	10,421,000		10,498,000
Commercial and consumer banking
Financing Receivable, Past Due [Line Items]
Total loans	110,453,000
Financing receivable, allowance for credit loss	1,866,000	$ 1,848,000	1,678,000	$ 1,204,000	$ 1,366,000	$ 0
Accumulated accrued interest	342,000		324,000
Commercial and consumer banking \| Total Loans
Financing Receivable, Past Due [Line Items]
Total loans	110,790,000		100,147,000
Commercial and consumer banking \| Current
Financing Receivable, Past Due [Line Items]
Total loans	109,999,000		100,146,000
Commercial and consumer banking \| Total Delinquent Loans
Financing Receivable, Past Due [Line Items]
Total loans	791,000		1,000
Commercial and consumer banking \| 30–59 Days
Financing Receivable, Past Due [Line Items]
Total loans	3,000		0
Commercial and consumer banking \| 60–89 Days
Financing Receivable, Past Due [Line Items]
Total loans	788,000		1,000
Commercial and consumer banking \| ≥ 90 Days
Financing Receivable, Past Due [Line Items]
Total loans	0		0
Commercial and consumer banking \| Commercial real estate
Financing Receivable, Past Due [Line Items]
Total loans	100,718,000
Commercial and consumer banking \| Commercial real estate \| Total Loans
Financing Receivable, Past Due [Line Items]
Total loans	100,911,000		89,544,000
Commercial and consumer banking \| Commercial real estate \| Current
Financing Receivable, Past Due [Line Items]
Total loans	100,911,000		89,544,000
Commercial and consumer banking \| Commercial real estate \| Total Delinquent Loans
Financing Receivable, Past Due [Line Items]
Total loans	0		0
Commercial and consumer banking \| Commercial real estate \| 30–59 Days
Financing Receivable, Past Due [Line Items]
Total loans	0		0
Commercial and consumer banking \| Commercial real estate \| 60–89 Days
Financing Receivable, Past Due [Line Items]
Total loans	0		0
Commercial and consumer banking \| Commercial real estate \| ≥ 90 Days
Financing Receivable, Past Due [Line Items]
Total loans	0		0
Commercial and consumer banking \| Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total loans	6,529,000
Commercial and consumer banking \| Commercial and industrial \| Total Loans
Financing Receivable, Past Due [Line Items]
Total loans	6,576,000		7,637,000
Commercial and consumer banking \| Commercial and industrial \| Current
Financing Receivable, Past Due [Line Items]
Total loans	5,785,000		7,636,000
Commercial and consumer banking \| Commercial and industrial \| Total Delinquent Loans
Financing Receivable, Past Due [Line Items]
Total loans	791,000		1,000
Commercial and consumer banking \| Commercial and industrial \| 30–59 Days
Financing Receivable, Past Due [Line Items]
Total loans	3,000		0
Commercial and consumer banking \| Commercial and industrial \| 60–89 Days
Financing Receivable, Past Due [Line Items]
Total loans	788,000		1,000
Commercial and consumer banking \| Commercial and industrial \| ≥ 90 Days
Financing Receivable, Past Due [Line Items]
Total loans	0		0
Commercial and consumer banking \| Residential real estate and other consumer
Financing Receivable, Past Due [Line Items]
Total loans	3,206,000
Commercial and consumer banking \| Residential real estate and other consumer \| Total Loans
Financing Receivable, Past Due [Line Items]
Total loans	3,303,000		2,966,000
Commercial and consumer banking \| Residential real estate and other consumer \| Current
Financing Receivable, Past Due [Line Items]
Total loans	3,303,000		2,966,000
Commercial and consumer banking \| Residential real estate and other consumer \| Total Delinquent Loans
Financing Receivable, Past Due [Line Items]
Total loans	0		0
Commercial and consumer banking \| Residential real estate and other consumer \| 30–59 Days
Financing Receivable, Past Due [Line Items]
Total loans	0		0
Commercial and consumer banking \| Residential real estate and other consumer \| 60–89 Days
Financing Receivable, Past Due [Line Items]
Total loans	0		0
Commercial and consumer banking \| Residential real estate and other consumer \| ≥ 90 Days
Financing Receivable, Past Due [Line Items]
Total loans	$ 0		$ 0

Loans - Schedule of Internal Ri

Loans - Schedule of Internal Risk Tier Categories (Details) - Total Loans - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Total loans	$ 383,668	$ 344,106
Credit card \| Credit card loans
Financing Receivable, Past Due [Line Items]
Total loans	272,878	243,959
Credit card \| Credit card loans \| ≥ 800
Financing Receivable, Past Due [Line Items]
Total loans	20,779	14,421
Credit card \| Credit card loans \| 780 – 799
Financing Receivable, Past Due [Line Items]
Total loans	14,348	11,327
Credit card \| Credit card loans \| 760 – 779
Financing Receivable, Past Due [Line Items]
Total loans	16,138	12,179
Credit card \| Credit card loans \| 740 – 759
Financing Receivable, Past Due [Line Items]
Total loans	18,265	14,501
Credit card \| Credit card loans \| 720 – 739
Financing Receivable, Past Due [Line Items]
Total loans	23,189	19,343
Credit card \| Credit card loans \| 700 – 719
Financing Receivable, Past Due [Line Items]
Total loans	28,989	26,239
Credit card \| Credit card loans \| 680 – 699
Financing Receivable, Past Due [Line Items]
Total loans	34,564	31,543
Credit card \| Credit card loans \| 660 – 679
Financing Receivable, Past Due [Line Items]
Total loans	33,366	31,958
Credit card \| Credit card loans \| 640 – 659
Financing Receivable, Past Due [Line Items]
Total loans	24,636	25,959
Credit card \| Credit card loans \| 620 – 639
Financing Receivable, Past Due [Line Items]
Total loans	14,712	15,566
Credit card \| Credit card loans \| 600 – 619
Financing Receivable, Past Due [Line Items]
Total loans	9,132	8,968
Credit card \| Credit card loans \| ≤ 599
Financing Receivable, Past Due [Line Items]
Total loans	$ 34,760	$ 31,955

Loans - Schedule of Risk Catego

Loans - Schedule of Risk Categories of Loans by Class of Loans (Details) - Commercial and Consumer Banking $ in Thousands	Jun. 30, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 16,786
2022	38,840
2021	7,364
2020	4,672
2019	9,907
Prior	32,884
Total Term Loans	110,453
Revolving Loans	337
Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023	16,067
2022	38,840
2021	7,364
2020	4,601
2019	9,784
Prior	24,062
Total Term Loans	100,718
Revolving Loans	193
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2023	59
2022	0
2021	0
2020	71
2019	123
Prior	6,276
Total Term Loans	6,529
Revolving Loans	47
Residential real estate and other consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2023	660
2022	0
2021	0
2020	0
2019	0
Prior	2,546
Total Term Loans	3,206
Revolving Loans	97
Pass \| Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023	14,825
2022	34,213
2021	5,696
2020	4,601
2019	9,564
Prior	19,037
Total Term Loans	87,936
Revolving Loans	193
Pass \| Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2023	59
2022	0
2021	0
2020	71
2019	104
Prior	5,049
Total Term Loans	5,283
Revolving Loans	47
Pass \| Residential real estate and other consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2023	660
2022	0
2021	0
2020	0
2019	0
Prior	2,505
Total Term Loans	3,165
Revolving Loans	97
Watch \| Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,242
2022	4,627
2021	1,668
2020	0
2019	220
Prior	2,774
Total Term Loans	10,531
Revolving Loans	0
Watch \| Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	19
Prior	19
Total Term Loans	38
Revolving Loans	0
Watch \| Residential real estate and other consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	41
Total Term Loans	41
Revolving Loans	0
Special mention \| Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	1,586
Total Term Loans	1,586
Revolving Loans	0
Substandard \| Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	665
Total Term Loans	665
Revolving Loans	0
Substandard \| Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	1,208
Total Term Loans	1,208
Revolving Loans	$ 0

Allowance for Credit Losses (De

Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			$ 40,788
Provision for credit losses	$ 12,615	$ 10,103	21,022	$ 23,064
Ending balance	41,227		41,227
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,645	1,652	2,785	2,292
Provision for credit losses	1,096	1,112	242	521
Write-offs charged against the allowance	(804)	(44)	(1,090)	(93)
Ending balance	1,937	2,720	1,937	2,720
Recovery of previously written off accounts receivable	18	368	1,179	1,760
Credit Card Loans \| Credit card loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	37,089	16,500	39,110	7,037
Provision for credit losses	12,600	10,265	20,837	22,242
Allowance for PCD loans				0
Write-offs charged against the allowance	(10,328)	(4,791)	(20,586)	(7,305)
Ending balance	39,361	21,974	39,361	21,974
Commercial and Consumer Banking
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,848	1,366	1,678	0
Provision for credit losses	15	(162)	185	822
Allowance for PCD loans				382
Write-offs charged against the allowance	3	0	3	0
Ending balance	$ 1,866	$ 1,204	$ 1,866	$ 1,204

Investments Securities - Schedu

Investments Securities - Schedule of Investments in Debt Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 387,815	$ 203,418
Accrued Interest	$ 503	631
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Fair Value
Gross Unrealized Gains	$ 155	0
Gross Unrealized Losses	(5,691)	(8,611)
Fair Value	$ 382,782	$ 195,438
Percentage of high credit quality on amortized cost basis of investments	85%	67%
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 315,698	$ 121,282
Accrued Interest	123	217
Gross Unrealized Gains	155	0
Gross Unrealized Losses	(1,725)	(3,510)
Fair Value	314,251	117,989
Multinational securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	15,654	19,658
Accrued Interest	106	109
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(335)	(724)
Fair Value	15,425	19,043
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	36,920	41,890
Accrued Interest	227	257
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2,082)	(2,644)
Fair Value	35,065	39,503
Agency mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	8,348	8,899
Accrued Interest	20	22
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,009)	(991)
Fair Value	7,359	7,930
Other asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	9,071	9,556
Accrued Interest	5	5
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(362)	(514)
Fair Value	8,714	9,047
Other
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,124	2,133
Accrued Interest	22	21
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(178)	(228)
Fair Value	$ 1,968	$ 1,926

Investments Securities - Sche_2

Investments Securities - Schedule of Investment Securities in Gross Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Investments in AFS debt securities, less than 12 months, fair value	$ 239,421	$ 39,432
Investments in AFS debt securities, less than 12 months, gross unrealized losses	(20)	(2,498)
Investments in AFS debt securities, 12 months or longer, fair value	143,361	156,006
Investments in AFS debt securities, 12 months or longer, gross unrealized losses	(5,671)	(6,113)
Investments in AFS debt securities, total, fair value	382,782	195,438
Investments in AFS debt securities, total, gross unrealized losses	(5,691)	(8,611)
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Investments in AFS debt securities, less than 12 months, fair value	239,421	27,759
Investments in AFS debt securities, less than 12 months, gross unrealized losses	(20)	(1,171)
Investments in AFS debt securities, 12 months or longer, fair value	74,830	90,230
Investments in AFS debt securities, 12 months or longer, gross unrealized losses	(1,705)	(2,339)
Investments in AFS debt securities, total, fair value	314,251	117,989
Investments in AFS debt securities, total, gross unrealized losses	(1,725)	(3,510)
Multinational securities
Debt Securities, Available-for-sale [Line Items]
Investments in AFS debt securities, less than 12 months, fair value	0	0
Investments in AFS debt securities, less than 12 months, gross unrealized losses	0	0
Investments in AFS debt securities, 12 months or longer, fair value	15,425	19,043
Investments in AFS debt securities, 12 months or longer, gross unrealized losses	(335)	(724)
Investments in AFS debt securities, total, fair value	15,425	19,043
Investments in AFS debt securities, total, gross unrealized losses	(335)	(724)
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Investments in AFS debt securities, less than 12 months, fair value	0	4,480
Investments in AFS debt securities, less than 12 months, gross unrealized losses	0	(313)
Investments in AFS debt securities, 12 months or longer, fair value	35,065	35,023
Investments in AFS debt securities, 12 months or longer, gross unrealized losses	(2,082)	(2,331)
Investments in AFS debt securities, total, fair value	35,065	39,503
Investments in AFS debt securities, total, gross unrealized losses	(2,082)	(2,644)
Agency mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Investments in AFS debt securities, less than 12 months, fair value	0	6,448
Investments in AFS debt securities, less than 12 months, gross unrealized losses	0	(814)
Investments in AFS debt securities, 12 months or longer, fair value	7,359	1,482
Investments in AFS debt securities, 12 months or longer, gross unrealized losses	(1,009)	(177)
Investments in AFS debt securities, total, fair value	7,359	7,930
Investments in AFS debt securities, total, gross unrealized losses	(1,009)	(991)
Other asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Investments in AFS debt securities, less than 12 months, fair value	0	0
Investments in AFS debt securities, less than 12 months, gross unrealized losses	0	0
Investments in AFS debt securities, 12 months or longer, fair value	8,714	9,047
Investments in AFS debt securities, 12 months or longer, gross unrealized losses	(362)	(514)
Investments in AFS debt securities, total, fair value	8,714	9,047
Investments in AFS debt securities, total, gross unrealized losses	(362)	(514)
Other
Debt Securities, Available-for-sale [Line Items]
Investments in AFS debt securities, less than 12 months, fair value	0	745
Investments in AFS debt securities, less than 12 months, gross unrealized losses	0	(200)
Investments in AFS debt securities, 12 months or longer, fair value	1,968	1,181
Investments in AFS debt securities, 12 months or longer, gross unrealized losses	(178)	(28)
Investments in AFS debt securities, total, fair value	1,968	1,926
Investments in AFS debt securities, total, gross unrealized losses	$ (178)	$ (228)

Investments Securities - Sche_3

Investments Securities - Schedule of Investments by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Investments in AFS debt securities—Amortized cost:
Due Within One Year	$ 326,941
Due After One Year Through Five Years	46,499
Due After Five Years Through Ten Years	6,013
Due After Ten Years	8,362
Amortized Cost	$ 387,815	$ 203,418
Weighted average yield for investments in AFS debt securities
Due Within One Year	1.23%
Due After One Year Through Five Years	3.28%
Due After Five Years Through Ten Years	(3.01%)
Due After Ten Years	2.54%
Total	1.44%
AFS investment securities—Fair value:
Due Within One Year	$ 325,500
Due After One Year Through Five Years	44,120
Due After Five Years Through Ten Years	5,398
Due After Ten Years	7,261
Total	382,279
Accrued Interest	503	631
U.S. Treasury securities
Investments in AFS debt securities—Amortized cost:
Due Within One Year	297,623
Due After One Year Through Five Years	18,075
Due After Five Years Through Ten Years	0
Due After Ten Years	0
Amortized Cost	315,698	121,282
AFS investment securities—Fair value:
Due Within One Year	296,898
Due After One Year Through Five Years	17,230
Due After Five Years Through Ten Years	0
Due After Ten Years	0
Total	314,128
Accrued Interest	123	217
Multinational securities
Investments in AFS debt securities—Amortized cost:
Due Within One Year	15,654
Due After One Year Through Five Years	0
Due After Five Years Through Ten Years	0
Due After Ten Years	0
Amortized Cost	15,654	19,658
AFS investment securities—Fair value:
Due Within One Year	15,319
Due After One Year Through Five Years	0
Due After Five Years Through Ten Years	0
Due After Ten Years	0
Total	15,319
Accrued Interest	106	109
Corporate bonds
Investments in AFS debt securities—Amortized cost:
Due Within One Year	12,479
Due After One Year Through Five Years	21,118
Due After Five Years Through Ten Years	3,323
Due After Ten Years	0
Amortized Cost	36,920	41,890
AFS investment securities—Fair value:
Due Within One Year	12,104
Due After One Year Through Five Years	19,903
Due After Five Years Through Ten Years	2,831
Due After Ten Years	0
Total	34,838
Accrued Interest	227	257
Agency mortgage-backed securities
Investments in AFS debt securities—Amortized cost:
Due Within One Year	0
Due After One Year Through Five Years	164
Due After Five Years Through Ten Years	761
Due After Ten Years	7,423
Amortized Cost	8,348	8,899
AFS investment securities—Fair value:
Due Within One Year	0
Due After One Year Through Five Years	154
Due After Five Years Through Ten Years	691
Due After Ten Years	6,494
Total	7,339
Accrued Interest	20	22
Other asset-backed securities
Investments in AFS debt securities—Amortized cost:
Due Within One Year	0
Due After One Year Through Five Years	7,142
Due After Five Years Through Ten Years	1,929
Due After Ten Years	0
Amortized Cost	9,071	9,556
AFS investment securities—Fair value:
Due Within One Year	0
Due After One Year Through Five Years	6,833
Due After Five Years Through Ten Years	1,876
Due After Ten Years	0
Total	8,709
Accrued Interest	5	5
Other
Investments in AFS debt securities—Amortized cost:
Due Within One Year	1,185
Due After One Year Through Five Years	0
Due After Five Years Through Ten Years	0
Due After Ten Years	939
Amortized Cost	2,124	2,133
AFS investment securities—Fair value:
Due Within One Year	1,179
Due After One Year Through Five Years	0
Due After Five Years Through Ten Years	0
Due After Ten Years	767
Total	1,946
Accrued Interest	$ 22	$ 21

Investments Securities - Narrat

Investments Securities - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Gross realized gains on investments in available-for-sale debt securities	$ 0	$ 0	$ 3,356	$ 0
Gross realized losses on investments in available-for-sale debt securities	$ 0	$ 0	$ 509	$ 0

Investment Securities - Schedul

Investment Securities - Schedule of Securitization of Investments (Details) - Variable Interest Entity, Not Primary Beneficiary - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Securitization investments	$ 165,450	$ 201,331
Personal loans
Variable Interest Entity [Line Items]
Securitization investments	12,149	20,172
Student Loans
Variable Interest Entity [Line Items]
Securitization investments	$ 153,301	$ 181,159

Securitization and Variable I_2

Securitization and Variable Interest Entities (Details) - entity	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of consolidated VIEs (in entities)	7	6
Number of consolidated VIEs established (in entities)	2
Number of consolidated VIEs exercised securitization clean up calls (in entities)	1
Number of nonconsolidated entities in which investments are held	21	23
Number of nonconsolidated VIEs exercised securitization clean up calls (in entities)	1
Number of consolidated entities which were previous nonconsolidated	1

Deposits - Schedule of Interest

Deposits - Schedule of Interest-Bearing Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Interest-bearing deposits:
Savings deposits	$ 8,291,062	$ 4,383,953
Demand deposits	2,369,568	1,912,452
Time deposits	2,011,762	969,387
Total interest-bearing deposits	12,672,392	7,265,792
Brokered deposits	2,167,036	1,026,400
Brokered time deposits	1,980,253	940,000
Brokered demand deposits	186,783	86,400
Uninsured deposits	$ 21,153	$ 20,842

Deposits - Schedule of Maturiti

Deposits - Schedule of Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Time Deposits, Fiscal Year Maturity [Abstract]
Remainder of 2023	$ 1,076,837
2024	933,773
2025	562
2026	290
2027	0
Thereafter	300
Total	$ 2,011,762	$ 969,387

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($)	3 Months Ended		6 Months Ended
Debt - Schedule of Debt (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Debt Instrument [Line Items]
Total Outstanding	$ 6,516,892,000		$ 6,516,892,000		$ 5,520,963,000
Less: unamortized debt issuance costs, premiums and discounts	(32,566,000)		(32,566,000)		(35,081,000)
Total debt	6,484,326,000		6,484,326,000		5,485,882,000
Debt discounts issued			0
Debt premium			0
Amount not available for general borrowing purposes to secure letter of credit	8,600,000		8,600,000		9,100,000
Asset Pledged as Collateral
Debt Instrument [Line Items]
Amount not available for general borrowing purposes to secure letter of credit	13,700,000		13,700,000		11,700,000
Personal Loan Securitizations
Debt Instrument [Line Items]
Total Collateral	778,620,000		778,620,000
Total Outstanding	542,642,000		542,642,000		529,132,000
Student loan securitizations
Debt Instrument [Line Items]
Total Collateral	303,066,000		303,066,000
Total Outstanding	264,378,000		264,378,000		246,856,000
Secured Debt \| Asset Pledged as Collateral
Debt Instrument [Line Items]
Total Capacity	86,400,000		86,400,000
Unsecured Debt
Debt Instrument [Line Items]
Total Capacity	$ 50,000,000		$ 50,000,000
Minimum
Debt Instrument [Line Items]
Unused commitment fee percentage			0%
Minimum \| Personal Loan Securitizations
Debt Instrument [Line Items]
Stated Interest Rate	0.49%		0.49%
Minimum \| Student loan securitizations
Debt Instrument [Line Items]
Stated Interest Rate	1.83%		1.83%
Maximum
Debt Instrument [Line Items]
Unused commitment fee percentage			0.65%
Maximum \| Personal Loan Securitizations
Debt Instrument [Line Items]
Stated Interest Rate	6.21%		6.21%
Maximum \| Student loan securitizations
Debt Instrument [Line Items]
Stated Interest Rate	9.65%		9.65%
Personal loan warehouse facilities \| Line of Credit
Debt Instrument [Line Items]
Total Collateral	$ 1,858,290,000		$ 1,858,290,000
Total Capacity	4,725,000,000		4,725,000,000
Total Outstanding	$ 1,574,227,000		$ 1,574,227,000		1,452,085,000
Personal loan warehouse facilities \| Minimum \| Line of Credit
Debt Instrument [Line Items]
Stated Interest Rate	5.33%		5.33%
Personal loan warehouse facilities \| Maximum \| Line of Credit
Debt Instrument [Line Items]
Stated Interest Rate	7.10%		7.10%
Student loan warehouse facilities \| Line of Credit
Debt Instrument [Line Items]
Total Collateral	$ 2,890,940,000		$ 2,890,940,000
Total Capacity	3,470,000,000		3,470,000,000
Total Outstanding	$ 2,361,766,000		$ 2,361,766,000		1,504,926,000
Student loan warehouse facilities \| Minimum \| Line of Credit
Debt Instrument [Line Items]
Stated Interest Rate	5.64%		5.64%
Student loan warehouse facilities \| Maximum \| Line of Credit
Debt Instrument [Line Items]
Stated Interest Rate	6.91%		6.91%
Credit card warehouse facility \| Line of Credit
Debt Instrument [Line Items]
Total Collateral	$ 0		$ 0
Stated Interest Rate	6.62%		6.62%
Total Capacity	$ 100,000,000		$ 100,000,000
Total Outstanding	0		0		0
Risk retention warehouse facilities \| Line of Credit
Debt Instrument [Line Items]
Total Collateral	108,744,000		108,744,000
Total Capacity	200,000,000		200,000,000
Total Outstanding	$ 87,879,000		$ 87,879,000		101,964,000
Risk retention warehouse facilities \| Minimum \| Line of Credit
Debt Instrument [Line Items]
Stated Interest Rate	5.26%		5.26%
Risk retention warehouse facilities \| Maximum \| Line of Credit
Debt Instrument [Line Items]
Stated Interest Rate	7.24%		7.24%
Revolving credit facility \| Line of Credit
Debt Instrument [Line Items]
Amount not available for general borrowing purposes to secure letter of credit	$ 6,000,000		$ 6,000,000
Revolving credit facility \| Revolving credit facility
Debt Instrument [Line Items]
Stated Interest Rate	6.74%		6.74%
Total Capacity	$ 645,000,000		$ 645,000,000
Total Outstanding	$ 486,000,000		$ 486,000,000		486,000,000
Convertible senior notes \| Convertible Debt
Debt Instrument [Line Items]
Stated Interest Rate	0%		0%
Total Outstanding	$ 1,200,000,000		$ 1,200,000,000		1,200,000,000
Less: unamortized debt issuance costs, premiums and discounts	(16,900,000)		(16,900,000)		(19,400,000)
Interest expense	$ 1,273,000	$ 1,268,000	$ 2,545,000	$ 2,535,000
Effective interest rate	0.42%	0.42%	0.42%	0.42%
Net carrying amount	$ 1,180,000,000		$ 1,180,000,000		1,180,000,000
Other financing \| Other Financings
Debt Instrument [Line Items]
Total Collateral	97,160,000		97,160,000
Total Capacity	136,371,000		136,371,000
Total Outstanding	0		0		$ 0
Other financing \| Other Financings \| Securities Investment
Debt Instrument [Line Items]
Total Collateral	69,700,000		69,700,000
Other financing \| Other Financings \| Loans at fair value
Debt Instrument [Line Items]
Total Collateral	$ 27,500,000		$ 27,500,000

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Thousands		6 Months Ended
Debt - Narrative (Details) $ in Thousands	Apr. 28, 2023 USD ($)	Jun. 30, 2023 USD ($) loan
Revolving credit facility \| Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 645,000
Revolving credit facility \| Revolving credit facility \| Amended And Restated Revolving Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 645,000
Expiration period of revolving credit facility from closing date of agreement	5 years
Revolving credit facility \| Revolving credit facility \| Amended And Restated Revolving Credit Agreement \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	0.10%
Line of Credit \| Personal loan warehouse facilities
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 4,725,000
Number of new loans opened \| loan		2
Maximum available capacity of opened facilities		$ 1,000,000
Line of Credit \| Risk retention warehouse facilities
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 200,000
Number of loans closed \| loan		1

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Borrowings (Details) - Debt with Scheduled Payments $ in Thousands	Jun. 30, 2023 USD ($)
Debt Instrument [Line Items]
Remainder of 2023	$ 0
2024	0
2025	0
2026	1,200,000
2027	0
Thereafter	486,000
Total debt	$ 1,686,000

Equity - Narrative (Details)

Equity - Narrative (Details)	3 Months Ended		6 Months Ended
Equity - Narrative (Details)	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) shares	Mar. 31, 2023 shares	Dec. 31, 2022 USD ($) $ / shares shares	Mar. 31, 2022 shares	Dec. 31, 2021 shares	Jun. 01, 2021 $ / shares shares	May 28, 2021 $ / shares shares
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)										100,000,000
Preferred stock, par value (in dollars per share) \| $ / shares										$ 0.0001
Redeemable preferred stock, shares authorized (in shares)	100,000,000		100,000,000			100,000,000				100,000,000
Redeemable preferred stock, par value (in dollars per share) \| $ / shares	$ 0		$ 0			$ 0				$ 0.0000025
Redeemable preferred stock, shares issued (in shares)	3,234,000		3,234,000			3,234,000
Redeemable preferred stock, shares outstanding (in shares)	3,234,000	3,234,000	3,234,000	3,234,000	3,234,000	3,234,000	3,234,000	3,234,000
Dividends payable \| $	$ 0		$ 0			$ 0
Common stock, shares authorized (in shares)	3,100,000,000		3,100,000,000			3,100,000,000
Common stock, par value (in dollars per share) \| $ / shares	$ 0		$ 0			$ 0
Common stock, shares issued (in shares)	948,912,761		948,912,761			933,896,120
Common stock, shares outstanding (in shares)	948,912,761		948,912,761			933,896,120
Series 1
Class of Stock [Line Items]
Redeemable preferred stock, shares authorized (in shares)										4,500,000
Redeemable preferred stock, conversion ratio										1
Redeemable preferred stock, shares issued (in shares)	3,234,000		3,234,000
Redeemable preferred stock, shares outstanding (in shares)	3,234,000		3,234,000
Redeemable preferred stock, original issuance price (in dollars per share) \| $ / shares	$ 100		$ 100
Dividends \| $	$ 10,079,000	$ 10,079,000	$ 20,047,000	$ 20,047,000
Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)									3,000,000,000
Common stock, par value (in dollars per share) \| $ / shares									$ 0.0001
Non-Voting Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	100,000,000		100,000,000			100,000,000			100,000,000
Common stock, par value (in dollars per share) \| $ / shares									$ 0.0001
Common stock, shares issued (in shares)	0		0			0
Common stock, shares outstanding (in shares)	0		0			0

Equity - Schedule of Common Sto

Equity - Schedule of Common Stock Reserved for Future Issuance (Details) - shares	Jun. 30, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Total common stock reserved for future issuance (in shares)	228,960,285	199,995,512
Possible future issuance under stock plans
Class of Stock [Line Items]
Total common stock reserved for future issuance (in shares)	46,651,639	26,434,957
Conversion of convertible notes
Class of Stock [Line Items]
Total common stock reserved for future issuance (in shares)	53,538,000	53,538,000
Outstanding common stock warrants
Class of Stock [Line Items]
Total common stock reserved for future issuance (in shares)	12,170,990	12,170,990
Outstanding stock options, restricted stock units and performance stock units
Class of Stock [Line Items]
Total common stock reserved for future issuance (in shares)	116,599,656	107,851,565

Equity - Schedule of Accumulate

Equity - Schedule of Accumulated Other Comprehensive Income (Loss) Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 5,234,072	$ 5,210,299	$ 5,208,102	$ 4,377,329
Other comprehensive income (loss) before reclassifications	1,222	(2,171)	3,005	(6,825)
Amounts reclassified from AOCI into earnings		124	172	285
Total other comprehensive income (loss)	1,222	(2,047)	3,177	(6,540)
Ending balance	5,257,661	5,186,180	5,257,661	5,186,180
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(6,341)	(5,964)	(8,296)	(1,471)
Total other comprehensive income (loss)	1,222	(2,047)	3,177	(6,540)
Ending balance	(5,119)	(8,011)	(5,119)	(8,011)
AFS Debt Securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(6,363)	(5,806)	(8,611)	(1,351)
Other comprehensive income (loss) before reclassifications	830	(2,115)	2,906	(6,731)
Amounts reclassified from AOCI into earnings		124	172	285
Total other comprehensive income (loss)	830	(1,991)	3,078	(6,446)
Ending balance	(5,533)	(7,797)	(5,533)	(7,797)
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	22	(158)	315	(120)
Other comprehensive income (loss) before reclassifications	392	(56)	99	(94)
Amounts reclassified from AOCI into earnings		0	0	0
Total other comprehensive income (loss)	392	(56)	99	(94)
Ending balance	$ 414	$ (214)	$ 414	$ (214)

Derivative Financial Instrume_3

Derivative Financial Instruments - Schedule of Gains (Losses) Recognized on Derivative Instruments (Details) - Not designated as hedging instrument - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) from fair value changes on derivatives	$ 120,141	$ 75,507	$ 90,027	$ 234,417
Derivative contracts to manage future loan sale execution risk
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) from fair value changes on derivatives	116,730	69,535	85,502	230,142
Interest rate swaps \| Derivative contracts to manage future loan sale execution risk
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) from fair value changes on derivatives	114,341	53,419	85,885	187,933
Interest rate swaps \| Derivative contracts not designed to manage future loan sale execution risk
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) from fair value changes on derivatives	3,292	2,749	2,184	9,068
Interest rate caps \| Derivative contracts to manage future loan sale execution risk
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) from fair value changes on derivatives	328	867	(1,367)	3,490
Interest rate caps \| Derivative contracts not designed to manage future loan sale execution risk
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) from fair value changes on derivatives	(290)	(903)	1,481	(3,027)
Home loan pipeline hedges \| Derivative contracts to manage future loan sale execution risk
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) from fair value changes on derivatives	2,061	15,249	984	38,719
IRLCs
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) from fair value changes on derivatives	355	4,159	773	(2,639)
Purchase price earn out
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) from fair value changes on derivatives	0	211	9	1,042
Third-party warrants
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) from fair value changes on derivatives	$ 54	$ (244)	$ 78	$ (169)

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Derivative Instruments Subject to Enforceable Master Netting Arrangements (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Gross Derivative Assets
Total, gross	$ 2,112,000	$ 24,612,000
Derivative netting	(356,000)	(80,000)
Total, net	1,756,000	24,532,000
Gross Derivative Liabilities
Total, gross	(8,126,000)	(9,331,000)
Derivative netting	356,000	80,000
Total, net	(7,770,000)	(9,251,000)
Cash collateral	0	0
Interest rate swaps
Gross Derivative Assets
Total, gross	1,429,000	23,128,000
Gross Derivative Liabilities
Total, gross	(313,000)	0
Interest rate caps
Gross Derivative Assets
Total, gross	0	0
Gross Derivative Liabilities
Total, gross	(7,770,000)	(9,251,000)
Home loan pipeline hedges
Gross Derivative Assets
Total, gross	683,000	1,484,000
Gross Derivative Liabilities
Total, gross	$ (43,000)	$ (80,000)

Derivative Financial Instrume_5

Derivative Financial Instruments - Schedule of Notional Amounts of Derivative Contracts Outstanding (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Derivative [Line Items]
Notional amount	$ 7,738,049	$ 6,828,335
IRLCs
Derivative [Line Items]
Notional amount	142,049	82,335
Derivative contracts to manage future loan sale execution risk \| Interest rate swaps
Derivative [Line Items]
Notional amount	6,372,000	5,638,177
Derivative contracts to manage future loan sale execution risk \| Interest rate caps
Derivative [Line Items]
Notional amount	405,000	405,000
Derivative contracts to manage future loan sale execution risk \| Home loan pipeline hedges
Derivative [Line Items]
Notional amount	216,000	126,000
Derivative contracts not designed to manage future loan sale execution risk \| Interest rate swaps
Derivative [Line Items]
Notional amount	198,000	171,823
Derivative contracts not designed to manage future loan sale execution risk \| Interest rate caps
Derivative [Line Items]
Notional amount	$ 405,000	$ 405,000

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Assets
Investments in AFS debt securities	$ 382,782	$ 382,782	$ 195,438
Servicing rights	145,663	145,663	149,854
Digital assets safeguarding asset	166,022	166,022	106,826
Liabilities
Residual interests classified as debt	11,332	11,332	17,048
Digital assets safeguarding liability	166,022	166,022	106,826
Unpaid principal related to debt measured at fair value	159,679	159,679	98,868
Gains (losses) from changes in fair value	311	(633)
Fair Value
Assets
Total assets	3,912,912	3,912,912	2,203,728
Liabilities
Debt	6,100,958	6,100,958	5,045,816
Total liabilities	18,834,660	18,834,660	12,385,976
Fair Value \| Fair Value, Recurring
Assets
Investments in AFS debt securities	382,782	382,782	195,438
Loans at fair value	18,213,667	18,213,667	13,557,074
Servicing rights	145,663	145,663	149,854
Digital assets safeguarding asset	166,022	166,022	106,826
Total assets	19,085,679	19,085,679	14,245,213
Liabilities
Debt	148,362	148,362	89,142
Digital assets safeguarding liability	166,022	166,022	106,826
Total liabilities	333,842	333,842	222,583
Fair Value \| Asset-backed bonds \| Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	127,061	127,061	155,093
Fair Value \| Residual investments \| Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	38,389	38,389	46,238
Fair Value \| Third-party warrants \| Fair Value, Recurring
Assets
Derivative assets	630	630	630
Fair Value \| Derivative assets \| Fair Value, Recurring
Assets
Derivative assets	2,112	2,112	24,612
Fair Value \| Purchase price earn out \| Fair Value, Recurring
Assets
Derivative assets	0	0	54
Fair Value \| IRLCs \| Fair Value, Recurring
Assets
Derivative assets	1,352	1,352	216
Fair Value \| Student loan commitments \| Fair Value, Recurring
Assets
Student loan commitments	189	189	0
Liabilities
Student loan commitments	0	0	236
Fair Value \| Interest rate caps \| Fair Value, Recurring
Assets
Derivative assets	7,812	7,812	9,178
Fair Value \| Residual interests classified as debt \| Fair Value, Recurring
Liabilities
Residual interests classified as debt	11,332	11,332	17,048
Fair Value \| Derivative liabilities \| Fair Value, Recurring
Liabilities
Derivative liabilities	8,126	8,126	9,331
Level 1
Assets
Total assets	3,501,128	3,501,128	1,846,302
Liabilities
Debt	945,000	945,000	826,242
Total liabilities	945,000	945,000	826,242
Level 1 \| Fair Value, Recurring
Assets
Investments in AFS debt securities	329,676	329,676	137,032
Loans at fair value	0	0	0
Servicing rights	0	0	0
Digital assets safeguarding asset	0	0	0
Total assets	329,676	329,676	137,032
Liabilities
Debt	0	0	0
Digital assets safeguarding liability	0	0	0
Total liabilities	0	0	0
Level 1 \| Asset-backed bonds \| Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	0	0	0
Level 1 \| Residual investments \| Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	0	0	0
Level 1 \| Third-party warrants \| Fair Value, Recurring
Assets
Derivative assets	0	0	0
Level 1 \| Derivative assets \| Fair Value, Recurring
Assets
Derivative assets	0	0	0
Level 1 \| Purchase price earn out \| Fair Value, Recurring
Assets
Derivative assets	0	0	0
Level 1 \| IRLCs \| Fair Value, Recurring
Assets
Derivative assets	0	0	0
Level 1 \| Student loan commitments \| Fair Value, Recurring
Assets
Student loan commitments	0	0	0
Liabilities
Student loan commitments	0	0	0
Level 1 \| Interest rate caps \| Fair Value, Recurring
Assets
Derivative assets	0	0	0
Level 1 \| Residual interests classified as debt \| Fair Value, Recurring
Liabilities
Residual interests classified as debt	0	0	0
Level 1 \| Derivative liabilities \| Fair Value, Recurring
Liabilities
Derivative liabilities	0	0	0
Level 2
Assets
Total assets	42,543	42,543	28,651
Liabilities
Debt	5,155,958	5,155,958	4,219,574
Total liabilities	17,889,660	17,889,660	11,559,734
Level 2 \| Fair Value, Recurring
Assets
Investments in AFS debt securities	53,106	53,106	58,406
Loans at fair value	0	0	0
Servicing rights	0	0	0
Digital assets safeguarding asset	166,022	166,022	106,826
Total assets	356,113	356,113	354,115
Liabilities
Debt	148,362	148,362	89,142
Digital assets safeguarding liability	166,022	166,022	106,826
Total liabilities	322,510	322,510	205,299
Level 2 \| Asset-backed bonds \| Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	127,061	127,061	155,093
Level 2 \| Residual investments \| Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	0	0	0
Level 2 \| Third-party warrants \| Fair Value, Recurring
Assets
Derivative assets	0	0	0
Level 2 \| Derivative assets \| Fair Value, Recurring
Assets
Derivative assets	2,112	2,112	24,612
Level 2 \| Purchase price earn out \| Fair Value, Recurring
Assets
Derivative assets	0	0	0
Level 2 \| IRLCs \| Fair Value, Recurring
Assets
Derivative assets	0	0	0
Level 2 \| Student loan commitments \| Fair Value, Recurring
Assets
Student loan commitments	0	0	0
Liabilities
Student loan commitments	0	0	0
Level 2 \| Interest rate caps \| Fair Value, Recurring
Assets
Derivative assets	7,812	7,812	9,178
Level 2 \| Residual interests classified as debt \| Fair Value, Recurring
Liabilities
Residual interests classified as debt	0	0	0
Level 2 \| Derivative liabilities \| Fair Value, Recurring
Liabilities
Derivative liabilities	8,126	8,126	9,331
Level 3
Assets
Total assets	369,241	369,241	328,775
Liabilities
Debt	0	0	0
Total liabilities	0	0	0
Level 3 \| Fair Value, Recurring
Assets
Investments in AFS debt securities	0	0	0
Loans at fair value	18,213,667	18,213,667	13,557,074
Servicing rights	145,663	145,663	149,854
Digital assets safeguarding asset	0	0	0
Total assets	18,399,890	18,399,890	13,754,066
Liabilities
Debt	0	0	0
Digital assets safeguarding liability	0	0	0
Total liabilities	11,332	11,332	17,284
Level 3 \| Asset-backed bonds \| Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	0	0	0
Level 3 \| Residual investments \| Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	38,389	38,389	46,238
Level 3 \| Third-party warrants \| Fair Value, Recurring
Assets
Derivative assets	630	630	630
Level 3 \| Derivative assets \| Fair Value, Recurring
Assets
Derivative assets	0	0	0
Level 3 \| Purchase price earn out \| Fair Value, Recurring
Assets
Derivative assets	0	0	54
Level 3 \| IRLCs \| Fair Value, Recurring
Assets
Derivative assets	1,352	1,352	216
Level 3 \| Student loan commitments \| Fair Value, Recurring
Assets
Student loan commitments	189	189	0
Liabilities
Student loan commitments	0	0	236
Level 3 \| Interest rate caps \| Fair Value, Recurring
Assets
Derivative assets	0	0	0
Level 3 \| Residual interests classified as debt \| Fair Value, Recurring
Liabilities
Residual interests classified as debt	11,332	11,332	17,048
Level 3 \| Derivative liabilities \| Fair Value, Recurring
Liabilities
Derivative liabilities	$ 0	$ 0	$ 0

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Changes in Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Liabilities
Net impact on earnings	$ (48,434)	$ 42,586	$ 115,788	$ (12,837)
Securitization clean-up calls	0	60,240	39,936	335,739
Residual interests classified as debt
Liabilities
Fair value at beginning of period	(15,565)	(70,532)	(17,048)	(93,682)
Impact on Earnings	602	(2,662)	513	(5,625)
Purchases	(1,203)	0	(1,203)	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	4,834	18,758	6,406	44,871
Other Changes	0	0	0	0
Fair value at end of period	(11,332)	(54,436)	(11,332)	(54,436)
Student loan commitments
Liabilities
Fair value at beginning of period		23		2,220
Impact on Earnings		(254)		(231)
Purchases		0		0
Sales		0		0
Issuances		0		0
Settlements		(23)		(2,243)
Other Changes		0		0
Fair value at end of period		(254)		(254)
Loans at fair value
Assets
Fair value at beginning of period	15,858,105	7,002,885	13,557,074	5,952,972
Impact on Earnings	(58,841)	35,243	91,564	(27,231)
Purchases	134,576	72,793	175,167	350,472
Sales	(413,104)	(1,726,368)	(490,984)	(3,613,808)
Issuances	4,379,471	3,202,618	7,945,989	6,524,809
Settlements	(1,681,884)	(628,928)	(3,062,872)	(1,232,897)
Other Changes	(4,656)	1,139	(2,271)	5,065
Fair value at end of period	18,213,667	7,959,382	18,213,667	7,959,382
Personal loans
Assets
Fair value at beginning of period	10,536,999	3,118,788	8,610,434	2,289,426
Impact on Earnings	(25,045)	35,885	61,155	26,869
Purchases	290	67,189	40,329	227,937
Sales	(50,013)	(1,123,898)	(50,013)	(2,101,818)
Issuances	3,740,981	2,471,849	6,692,339	4,497,853
Settlements	(1,451,960)	(461,178)	(2,602,886)	(833,632)
Other Changes	(89)	1,110	(195)	3,110
Fair value at end of period	12,751,163	4,109,745	12,751,163	4,109,745
Student loans
Assets
Fair value at beginning of period	5,240,059	3,737,439	4,877,177	3,450,837
Impact on Earnings	(32,806)	(350)	31,893	(44,646)
Purchases	111,923	5,274	111,923	121,707
Sales	(96,678)	(259,690)	(96,678)	(803,840)
Issuances	395,367	398,722	920,740	1,382,526
Settlements	(228,997)	(167,049)	(458,678)	(394,164)
Other Changes	(4,947)	29	(2,456)	1,955
Fair value at end of period	5,383,921	3,714,375	5,383,921	3,714,375
Home loans
Assets
Fair value at beginning of period	81,047	146,658	69,463	212,709
Impact on Earnings	(990)	(292)	(1,484)	(9,454)
Purchases	22,363	330	22,915	828
Sales	(266,413)	(342,780)	(344,293)	(708,150)
Issuances	243,123	332,047	332,910	644,430
Settlements	(927)	(701)	(1,308)	(5,101)
Other Changes	380	0	380	0
Fair value at end of period	78,583	135,262	78,583	135,262
Servicing rights
Assets
Fair value at beginning of period	146,514	173,505	149,854	168,259
Impact on Earnings	8,925	9,098	21,009	20,678
Purchases	408	1,317	1,021	1,946
Sales	(990)	(177)	(1,125)	(1,587)
Issuances	6,483	15,132	7,437	31,618
Settlements	(15,677)	(21,911)	(32,533)	(43,950)
Other Changes	0	0	0	0
Fair value at end of period	145,663	176,964	145,663	176,964
Residual investments
Assets
Fair value at beginning of period	42,960	106,677	46,238	121,019
Impact on Earnings	(298)	290	806	1,052
Purchases	0	0	0	0
Sales	(501)	(220)	(807)	(220)
Issuances	0	0	0	0
Settlements	(3,772)	(11,769)	(7,848)	(26,873)
Other Changes	0	0	0	0
Fair value at end of period	38,389	94,978	38,389	94,978
Purchase price earn out
Assets
Fair value at beginning of period		2,285	54	4,272
Impact on Earnings		212	9	1,042
Purchases		0	0	0
Sales		0	0	0
Issuances		0	0	0
Settlements		(1,872)	(63)	(4,689)
Other Changes		0	0	0
Fair value at end of period	0	625	0	625
IRLCs
Assets
Fair value at beginning of period	634		216	3,759
Fair value at beginning of period		(3,039)
Impact on Earnings	989	1,120	1,623	(1,919)
Purchases	363	0	363	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(634)	3,039	(850)	(720)
Other Changes	0	0	0	0
Fair value at end of period	1,352	1,120	1,352	1,120
Fair value at end of period		1,120		1,120
Student loan commitments
Assets
Fair value at beginning of period	75
Fair value at beginning of period			(236)
Impact on Earnings	189		264
Purchases	0		0
Sales	0		0
Issuances	0		0
Settlements	(75)		161
Other Changes	0		0
Fair value at end of period	189		189
Fair value at end of period	189		189
Third-party warrants
Assets
Fair value at beginning of period	630	1,227	630	1,369
Impact on Earnings	0	(461)	0	(603)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other Changes	0	0	0	0
Fair value at end of period	$ 630	$ 766	$ 630	$ 766

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) custodian	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) custodian	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) included in earnings from changes in instrument-specific credit risk	$ 2,741	$ (23,221)	$ (47,788)	$ (16,725)
Number of third party custodians held by platform operator of safeguarding assets \| custodian	2		2
Fair Value \| Fair Value, Nonrecurring \| Non-Securitization Investments – Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of non-securitization investments, other	$ 22,861		$ 22,861		$ 22,825
Fair Value \| Fair Value, Nonrecurring \| Other Security Investments, Investment Four \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of non-securitization investments, other	$ 19,739		$ 19,739		$ 19,739

Fair Value Measurements - Sch_3

Fair Value Measurements - Schedule of Valuation Inputs and Assumptions (Details) $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Aggregate amount committed	$ 22,628
Conditional prepayment rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residual investments	0.126	0.179
Residual interests classified as debt	0.127	0.172
Conditional prepayment rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residual investments	0.284	0.320
Residual interests classified as debt	0.136	0.181
Conditional prepayment rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residual investments	0.145	0.199
Residual interests classified as debt	0.129	0.178
Annual default rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residual investments	0.004	0.004
Residual interests classified as debt	0.006	0.006
Annual default rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residual investments	0.063	0.054
Residual interests classified as debt	0.009	0.008
Annual default rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residual investments	0.012	0.011
Residual interests classified as debt	0.007	0.007
Discount rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residual investments	0.055	0.048
Residual interests classified as debt	0.088	0.075
Discount rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residual investments	0.105	0.105
Residual interests classified as debt	0.093	0.075
Discount rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residual investments	0.074	0.067
Residual interests classified as debt	0.088	0.075
Loan funding probability \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Interest rate lock commitments	0.250	0.111
Student loan commitments	0.950	0.950
Loan funding probability \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Interest rate lock commitments	0.820	0.586
Student loan commitments	0.950	0.950
Loan funding probability \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Interest rate lock commitments	0.820	0.463
Student loan commitments	0.950	0.950
Personal loans \| Conditional prepayment rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.148	0.173
Servicing rights	0.181	0.179
Personal loans \| Conditional prepayment rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.269	0.255
Servicing rights	0.299	0.313
Personal loans \| Conditional prepayment rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.190	0.191
Servicing rights	0.245	0.227
Personal loans \| Annual default rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.040	0.038
Servicing rights	0.032	0.034
Personal loans \| Annual default rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.476	0.377
Servicing rights	0.150	0.079
Personal loans \| Annual default rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.046	0.044
Servicing rights	0.068	0.049
Personal loans \| Discount rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.059	0.054
Servicing rights	0.083	0.078
Personal loans \| Discount rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.088	0.083
Servicing rights	0.083	0.078
Personal loans \| Discount rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.061	0.061
Servicing rights	0.083	0.078
Personal loans \| Market servicing costs \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing rights	0.002	0.002
Personal loans \| Market servicing costs \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing rights	0.006	0.005
Personal loans \| Market servicing costs \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing rights	0.003	0.003
Student loans \| Conditional prepayment rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.088	0.163
Servicing rights	0.087	0.154
Student loans \| Conditional prepayment rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.134	0.218
Servicing rights	0.152	0.219
Student loans \| Conditional prepayment rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.106	0.204
Servicing rights	0.124	0.178
Student loans \| Annual default rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.003	0.002
Servicing rights	0.003	0.003
Student loans \| Annual default rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.045	0.045
Servicing rights	0.037	0.043
Student loans \| Annual default rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.005	0.005
Servicing rights	0.005	0.004
Student loans \| Discount rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.040	0.036
Servicing rights	0.083	0.078
Student loans \| Discount rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.087	0.087
Servicing rights	0.083	0.078
Student loans \| Discount rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.044	0.040
Servicing rights	0.083	0.078
Student loans \| Market servicing costs \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing rights	0.001	0.001
Student loans \| Market servicing costs \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing rights	0.002	0.002
Student loans \| Market servicing costs \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing rights	0.001	0.001
Home loans \| Conditional prepayment rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.020	0.020
Servicing rights	0.049	0.049
Home loans \| Conditional prepayment rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.106	0.102
Servicing rights	0.119	0.110
Home loans \| Conditional prepayment rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.075	0.070
Servicing rights	0.056	0.052
Home loans \| Annual default rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.001	0.001
Servicing rights	0.001	0.001
Home loans \| Annual default rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.011	0.013
Servicing rights	0.002	0.001
Home loans \| Annual default rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.001	0.001
Servicing rights	0.001	0.001
Home loans \| Discount rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.053	0.057
Servicing rights	0.090	0.090
Home loans \| Discount rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.145	0.141
Servicing rights	0.090	0.090
Home loans \| Discount rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans	0.058	0.059
Servicing rights	0.090	0.090
Home loans \| Market servicing costs \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing rights	0.001	0.001
Home loans \| Market servicing costs \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing rights	0.001	0.001
Home loans \| Market servicing costs \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing rights	0.001	0.001

Fair Value Measurements - Sch_4

Fair Value Measurements - Schedule of Sensitivity Analysis for Servicing Rights (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Market servicing costs
2.5 basis points increase	$ (10,558)	$ (10,395)
5.0 basis points increase	(21,116)	(20,807)
Conditional prepayment rate
10% increase	(3,548)	(4,036)
20% increase	(6,926)	(7,833)
Annual default rate
10% increase	(170)	(166)
20% increase	(339)	(331)
Discount rate
100 basis points increase	(4,098)	(3,905)
200 basis points increase	$ (7,932)	$ (7,562)

Fair Value Measurements - Sch_5

Fair Value Measurements - Schedule of Safeguarding Assets and Liabilities (Details) $ in Thousands	Jun. 30, 2023 USD ($) digital_asset	Dec. 31, 2022 USD ($) digital_asset
Platform Operator, Crypto-Asset [Line Items]
Digital assets safeguarding asset	$ 166,022	$ 106,826
Digital assets safeguarding liability	166,022	106,826
Bitcoin (BTC)
Platform Operator, Crypto-Asset [Line Items]
Digital assets safeguarding asset	82,008	44,346
Digital assets safeguarding liability	82,008	44,346
Ethereum (ETH)
Platform Operator, Crypto-Asset [Line Items]
Digital assets safeguarding asset	55,522	37,826
Digital assets safeguarding liability	55,522	37,826
Cardano (ADA)
Platform Operator, Crypto-Asset [Line Items]
Digital assets safeguarding asset	4,532	5,217
Digital assets safeguarding liability	4,532	5,217
Dogecoin (DOGE)
Platform Operator, Crypto-Asset [Line Items]
Digital assets safeguarding asset	4,954	4,784
Digital assets safeguarding liability	4,954	4,784
Solana (SOL)
Platform Operator, Crypto-Asset [Line Items]
Digital assets safeguarding asset	2,174	1,588
Digital assets safeguarding liability	2,174	1,588
Litecoin (LTC)
Platform Operator, Crypto-Asset [Line Items]
Digital assets safeguarding asset	3,547	2,492
Digital assets safeguarding liability	3,547	2,492
Ethereum Classic (ETC)
Platform Operator, Crypto-Asset [Line Items]
Digital assets safeguarding asset	2,974	2,333
Digital assets safeguarding liability	2,974	2,333
All other
Platform Operator, Crypto-Asset [Line Items]
Digital assets safeguarding asset	10,311	8,240
Digital assets safeguarding liability	$ 10,311	$ 8,240
Number of digital assets held \| digital_asset	23	23

Fair Value Measurements - Sch_6

Fair Value Measurements - Schedule of Assets and Liabilities not Measured at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Level 1
Assets
Cash and cash equivalents	$ 3,015,652	$ 1,421,907
Restricted cash and restricted cash equivalents	485,476	424,395
Loans at amortized cost	0	0
Other investments	0	0
Total assets	3,501,128	1,846,302
Liabilities
Deposits	0	0
Debt	945,000	826,242
Total liabilities	945,000	826,242
Level 2
Assets
Cash and cash equivalents	0	0
Restricted cash and restricted cash equivalents	0	0
Loans at amortized cost	0	0
Other investments	42,543	28,651
Total assets	42,543	28,651
Liabilities
Deposits	12,733,702	7,340,160
Debt	5,155,958	4,219,574
Total liabilities	17,889,660	11,559,734
Level 3
Assets
Cash and cash equivalents	0	0
Restricted cash and restricted cash equivalents	0	0
Loans at amortized cost	369,241	328,775
Other investments	0	0
Total assets	369,241	328,775
Liabilities
Deposits	0	0
Debt	0	0
Total liabilities	0	0
Carrying Value
Assets
Cash and cash equivalents	3,015,652	1,421,907
Restricted cash and restricted cash equivalents	485,476	424,395
Loans at amortized cost	347,551	307,957
Other investments	42,543	28,651
Total assets	3,891,222	2,182,910
Liabilities
Deposits	12,740,073	7,342,296
Debt	6,335,964	5,396,740
Total liabilities	19,076,037	12,739,036
Fair Value
Assets
Cash and cash equivalents	3,015,652	1,421,907
Restricted cash and restricted cash equivalents	485,476	424,395
Loans at amortized cost	369,241	328,775
Other investments	42,543	28,651
Total assets	3,912,912	2,203,728
Liabilities
Deposits	12,733,702	7,340,160
Debt	6,100,958	5,045,816
Total liabilities	$ 18,834,660	$ 12,385,976

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) tranche shares	Jun. 30, 2022 USD ($)	Dec. 31, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation and benefits, inclusive of share-based compensation expense \| $	$ 226,248	$ 210,209	$ 442,663	$ 398,018
Deferred Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares) \| shares	0		0
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares) \| shares	80,246,551		80,246,551		69,538,139
Unrecognized compensation \| $	$ 593,900		$ 593,900
Compensation cost related to share based awards, period for recognition			2 years 4 months 24 days
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares) \| shares	17,901,963		17,901,963		19,563,747
Unrecognized compensation \| $	$ 19,600		$ 19,600
Compensation cost related to share based awards, period for recognition			1 year 1 month 6 days
Number of vesting tranches \| tranche			3

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Share-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 75,878	$ 80,142	$ 140,104	$ 157,163
Technology and product development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	24,391	18,342	42,619	35,834
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	7,353	6,008	13,940	11,141
Cost of operations
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	2,895	4,816	4,395	8,959
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 41,239	$ 50,976	$ 79,150	$ 101,229

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of Option Activity (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2023 $ / shares shares	Dec. 31, 2022 $ / shares shares
Number of Stock Options
Beginning balance (in shares) \| shares	18,749,679
Exercised (in shares) \| shares	(252,311)
Expired (in shares) \| shares	(46,226)
Ending balance (in shares) \| shares	18,451,142	18,749,679
Exercisable (in shares) \| shares	18,425,768
Weighted Average Exercise Price
Beginning balance (in dollars per share) \| $ / shares	$ 7.43
Exercised (in dollars per share) \| $ / shares	2.31
Expired (in dollars per share) \| $ / shares	6.67
Ending balance (in dollars per share) \| $ / shares	7.50	$ 7.43
Exercisable (in dollars per share) \| $ / shares	$ 7.50
Weighted Average Remaining Contractual Term (in years)
Weighted average remaining contractual term, outstanding	4 years 2 months 12 days	4 years 8 months 12 days
Weighted average remaining contractual term, exercisable	4 years 2 months 12 days

Share-Based Compensation - Sc_3

Share-Based Compensation - Schedule of RSU and PSU Activity (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Restricted Stock Units
Number of RSUs
Beginning balance (in shares) \| shares	69,538,139
Granted (in shares) \| shares	32,568,512
Vested (in shares) \| shares	(15,699,311)
Forfeited (in shares) \| shares	(6,160,789)
Ending balance (in shares) \| shares	80,246,551
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) \| $ / shares	$ 9.07
Granted (in dollars per share) \| $ / shares	6.18
Vested (in dollars per share) \| $ / shares	8.64
Forfeited (in dollars per share) \| $ / shares	9.05
Ending balance (in dollars per share) \| $ / shares	$ 8.01
Total fair value, RSUs granted \| $	$ 135.6
Performance Stock Units
Number of RSUs
Beginning balance (in shares) \| shares	19,563,747
Forfeited (in shares) \| shares	(1,661,784)
Ending balance (in shares) \| shares	17,901,963
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) \| $ / shares	$ 9.84
Forfeited (in dollars per share) \| $ / shares	7.51
Ending balance (in dollars per share) \| $ / shares	$ 10.05

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax benefit (expense)	$ 1,780	$ (119)	$ 3,417	$ (871)

Commitments, Guarantees, Conc_2

Commitments, Guarantees, Concentrations and Contingencies (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) repurchase_obligation	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Non-cash operating lease right-of-use assets obtained in exchange for new operating lease liabilities			$ 5,238,000
Non-cash operating lease right-of-use assets obtained in exchange for new operating lease liabilities acquired through acquisitions			4,416,000
Operating lease, impairment expense			1,243,000
Occupancy expense	$ 7,773,000	$ 8,559,000	$ 14,980,000	$ 16,497,000
Number of repurchase obligations \| repurchase_obligation			3
Estimated repurchase obligations	3,700,000		$ 3,700,000		$ 1,400,000
Loans sold, subject to terms and conditions of repurchase obligations	5,400,000,000		5,400,000,000		5,100,000,000
Letters of credit outstanding with financial institutions	8,600,000		8,600,000		9,100,000
Collateral amount	2,600,000		2,600,000		3,100,000
Minimum net worth noncompliance, fines and penalties accrued	0		0		0
Asset Pledged as Collateral
Lessee, Lease, Description [Line Items]
Letters of credit outstanding with financial institutions	$ 13,700,000		$ 13,700,000		$ 11,700,000
Minimum
Lessee, Lease, Description [Line Items]
Operating lease, renewal term	1 year		1 year
Maximum
Lessee, Lease, Description [Line Items]
Operating lease, renewal term	10 years		10 years

Loss Per Share - Schedule of Ea

Loss Per Share - Schedule of Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net loss	$ (47,549)	$ (95,835)	$ (81,971)	$ (206,192)
Less: Redeemable preferred stock dividends	(10,079)	(10,079)	(20,047)	(20,047)
Net loss attributable to common stockholders – basic	(57,628)	(105,914)	(102,018)	(226,239)
Net loss attributable to common stockholders – diluted	$ (57,628)	$ (105,914)	$ (102,018)	$ (226,239)
Denominator:
Weighted average common stock outstanding - basic (in shares)	936,569,420	910,046,750	932,926,222	881,608,165
Weighted average common stock outstanding - diluted (in shares)	936,569,420	910,046,750	932,926,222	881,608,165
Loss per share - basic (in dollars per share)	$ (0.06)	$ (0.12)	$ (0.11)	$ (0.26)
Loss per share - diluted (in dollars per share)	$ (0.06)	$ (0.12)	$ (0.11)	$ (0.26)

Loss Per Share - Schedule of An

Loss Per Share - Schedule of Anti-Dilutive Elements (Details) - shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Common stock options
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	18,451,142	19,634,712
Common stock warrants
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	12,170,990	12,170,990
Unvested RSUs
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	80,246,551	60,741,866
Unvested PSUs
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	17,901,963	21,797,374
Convertible notes
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	53,538,000	53,538,000
Contingent common stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	61,145	6,903,663
Potentially issuable contingent common stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	598,068

Business Segment Information -

Business Segment Information - Narrative (Details)	6 Months Ended
Business Segment Information - Narrative (Details)	Jun. 30, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	3

Business Segment Information _2

Business Segment Information - Schedule of Financial Results (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Net interest income (expense)	$ 291,126	$ 122,729	$ 527,136	$ 217,662
Noninterest income (expense)	206,892	239,798	443,040	475,209
Total net revenue (loss)	498,018	362,527	970,176	692,871
Reportable Segments Total
Segment Reporting Information [Line Items]
Net interest income (expense)	306,522	126,928	565,606	227,164
Noninterest income (expense)	210,594	244,451	447,579	481,552
Total net revenue (loss)	517,116	371,379	1,013,185	708,716
Servicing rights – change in valuation inputs or assumptions	(8,601)	(9,098)	(20,685)	(20,678)
Residual interests classified as debt – change in valuation inputs or assumptions	(602)	2,662	(513)	5,625
Directly attributable expenses	(311,797)	(254,811)	(595,351)	(482,140)
Contribution profit (loss)	196,116	110,132	396,636	211,523
Intercompany expenses	4,954	1,671	8,695	2,441
Reportable Segments Total \| Lending
Segment Reporting Information [Line Items]
Net interest income (expense)	231,885	114,003	432,932	208,357
Noninterest income (expense)	99,556	143,114	235,590	301,749
Total net revenue (loss)	331,441	257,117	668,522	510,106
Servicing rights – change in valuation inputs or assumptions	(8,601)	(9,098)	(20,685)	(20,678)
Residual interests classified as debt – change in valuation inputs or assumptions	(602)	2,662	(513)	5,625
Directly attributable expenses	(138,929)	(108,690)	(254,117)	(220,411)
Contribution profit (loss)	183,309	141,991	393,207	274,642
Reportable Segments Total \| Technology Platform
Segment Reporting Information [Line Items]
Net interest income (expense)	0	0	0	0
Noninterest income (expense)	87,623	83,899	165,510	144,704
Total net revenue (loss)	87,623	83,899	165,510	144,704
Servicing rights – change in valuation inputs or assumptions	0	0	0	0
Residual interests classified as debt – change in valuation inputs or assumptions	0	0	0	0
Directly attributable expenses	(70,469)	(62,058)	(133,499)	(104,608)
Contribution profit (loss)	17,154	21,841	32,011	40,096
Reportable Segments Total \| Financial Services
Segment Reporting Information [Line Items]
Net interest income (expense)	74,637	12,925	132,674	18,807
Noninterest income (expense)	23,415	17,438	46,479	35,099
Total net revenue (loss)	98,052	30,363	179,153	53,906
Servicing rights – change in valuation inputs or assumptions	0	0	0	0
Residual interests classified as debt – change in valuation inputs or assumptions	0	0	0	0
Directly attributable expenses	(102,399)	(84,063)	(207,735)	(157,121)
Contribution profit (loss)	(4,347)	(53,700)	(28,582)	(103,215)
Corporate/Other
Segment Reporting Information [Line Items]
Net interest income (expense)	(15,396)	(4,199)	(38,470)	(9,502)
Noninterest income (expense)	(3,702)	(4,653)	(4,539)	(6,343)
Total net revenue (loss)	$ (19,098)	$ (8,852)	$ (43,009)	$ (15,845)

Business Segment Information _3

Business Segment Information - Schedule of Reconciliation of Contribution Profit (Loss) to Loss Before Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Corporate/Other total net loss	$ 498,018	$ 362,527	$ 970,176	$ 692,871
Share-based compensation expense			(140,104)	(157,163)
Depreciation and amortization expense			(95,451)	(68,754)
Loss before income taxes	(49,329)	(95,716)	(85,388)	(205,321)
Reportable segments
Segment Reporting Information [Line Items]
Reportable segments total contribution profit	196,116	110,132	396,636	211,523
Corporate/Other total net loss	517,116	371,379	1,013,185	708,716
Intercompany expenses	4,954	1,671	8,695	2,441
Servicing rights – change in valuation inputs or assumptions	8,601	9,098	20,685	20,678
Residual interests classified as debt – change in valuation inputs or assumptions	602	(2,662)	513	(5,625)
Expenses not allocated to segments
Segment Reporting Information [Line Items]
Corporate/Other total net loss	(19,098)	(8,852)	(43,009)	(15,845)
Share-based compensation expense	(75,878)	(80,142)	(140,104)	(157,163)
Employee-related costs	(55,605)	(45,316)	(117,419)	(88,006)
Depreciation and amortization expense	(50,130)	(38,056)	(95,451)	(68,754)
Other corporate and unallocated expenses
Segment Reporting Information [Line Items]
Other corporate and unallocated expenses	$ (58,891)	$ (41,589)	$ (115,934)	$ (104,570)