Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenue    
Service and subscription revenue $ 411,238 $ 330,598
Net interest income on loan receivables 12,193 10,147
Total revenue, net 423,431 340,745
Operating expenses    
Provision for credit losses on consumer receivables 93,418 99,753
Compensation and benefits 93,895 99,603
Marketing 28,125 37,245
Direct costs 126,361 106,419
Professional services 19,105 32,650
Technology-related costs 24,056 21,536
Other operating expenses 43,816 42,216
Total operating expenses 428,776 439,422
Net income (loss) before other (expense) income and income taxes (5,345) (98,677)
Interest expense (28,663) (29,799)
Change in fair value of warrant liability (473) 7,923
Change in fair value of contingent consideration from mergers and acquisitions 6,613 41,254
Goodwill impairment loss (26,721) (136,760)
Other income 8,268 1,359
Net loss before income taxes (46,321) (214,700)
Income tax benefit (1,076) (25,634)
Net loss (45,245) (189,066)
Reversal of previously accrued / (accrued) dividends on preferred stock 690 (6,880)
Net loss attributable to common shareholders $ (44,555) $ (195,946)
Net loss per share attributable to common stockholders - basic [1],[2] $ (4.63) $ (24.32)
Net loss per share attributable to common stockholders - diluted [1],[2] $ (4.63) $ (24.32)
Weighted-average common shares outstanding - basic (in Shares) [1],[2] 9,614,309 8,056,529
Weighted average shares used in computing net loss per share, diluted [1],[2] 9,614,309 8,056,529
[1] Prior period results have been adjusted to reflect the Reverse Stock Split of the Class A Common Stock at a ratio of 1-for-30 that became effective April 24, 2023. See Note 1, “Description of Business and Basis of Presentation,” for details.
[2] Prior period results have been adjusted to reflect the Reverse Stock Split of the Class A Common Stock at a ratio of 1-for-30 that became effective April 24, 2023. See Note 1, “Description of Business and Basis of Presentation,” for details.