$15.40

-0.15 (-0.96%)

Weekly Expected Move ±3.3%

$15 $15 $16 $16 $17

NASDAQ · Financial Services · Financial - Credit Services · Tech Score Strong Sell · Power 28 · $4.2B mcap · Short 59% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Revenue Segmentation

By Product / Service

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$3.1B -18.4% ▼

5Y CAGR: -1.2%

Gross Profit

$3.0B -15.3% ▼

5Y CAGR: +4.9%

Operating Income

$2.5B -9.8% ▼

5Y CAGR: +13.1%

Net Income

-$80M -161.1% ▼

EPS (Diluted)

$-0.82 -168.3% ▼

EBITDA

$3M -99.9% ▼

5Y CAGR: -70.6%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.6B	$3.2B	$1.2B	$3.8B	$3.1B
YoY Growth	-19.7%	+21.7%	-64.1%	+229.5%	-18.4%
Cost of Revenue	$1.2B	$444M	$800M	$316M	$149M
Gross Profit	$1.4B	$1.7B	$356M	$3.5B	$3.0B
Gross Margin	54.4%	51.4%	30.8%	91.7%	95.2%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$569M	$444M	$401M	$0	$0
Operating Expenses	$569M	$444M	$401M	$680M	$421M
Operating Income	$1.7B	$2.9B	$755M	$2.8B	$2.5B
Operating Margin	64.3%	90.9%	65.3%	73.9%	81.7%
Interest Expense	$1.3B	$2.1B	$3.6B	$3.3B	$2.6B
Income Before Tax	$936M	$827M	$313M	$174M	-$111M
Tax Expense	$219M	$182M	$85M	$43M	-$31M
Net Income	$717M	$645M	$228M	$131M	-$80M
Net Margin	27.1%	20.0%	19.7%	3.4%	-2.6%
EPS (Diluted)	$4.17	$4.48	$1.85	$1.20	$-0.82
EBITDA	$234M	$3.3B	-$33M	$2.8B	$3M
Shares Outstanding	172M	144M	123M	109M	98M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$948M	$2.4B	$802M	$778M	$781M	$746M	$695M	$682M
Cost of Revenue	$184M	-$217M	$49M	$35M	$32M	$33M	$32M	$27M
Gross Profit	$764M	$2.6B	$753M	$743M	$749M	$714M	$663M	$655M
Gross Margin	80.6%	109.2%	93.9%	95.5%	95.9%	95.7%	95.4%	96.0%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$0	$188M	$0	$0	$0	$0	$0	$0
Operating Expenses	$184M	$571M	$127M	$100M	$105M	$89M	$89M	$82M
Operating Income	$580M	$2.0B	$626M	$643M	$644M	$625M	$574M	$573M
Operating Margin	61.2%	84.9%	78.1%	82.6%	82.5%	83.8%	82.6%	84.0%
Interest Expense	$828M	$727M	$672M	$650M	$639M	$628M	$564M	$560M
Income Before Tax	$12M	$26M	-$5M	$18M	-$117M	-$7M	$32M	$39M
Tax Expense	$14M	$2M	-$3M	$4M	-$31M	-$1M	$15M	$14M
Net Income	-$2M	$24M	-$2M	$14M	-$86M	-$5M	$17M	$25M
Net Margin	-0.2%	1.0%	-0.2%	1.8%	-11.0%	-0.7%	2.4%	3.7%
EPS (Diluted)	$-0.02	$-0.98	$-0.02	$0.13	$-0.87	$-0.05	$0.17	$0.26
EBITDA	$1.9B	$906M	$626M	$643M	$522M	$1M	$4M	$0
Shares Outstanding	108M	109M	102M	100M	98M	98M	95M	95M

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