$42.38

-2.09 (-4.70%)

Weekly Expected Move ±5.6%

$39 $41 $44 $46 $49

NYSE · Financial Services · Insurance - Brokers · Tech Score Strong Buy · Power 77 · $5.2B mcap · 107M float · 1.92% daily turnover · Short 58% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: $242.5M held by 212 funds, 135 bp over Treasuries → details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$3.1B +21.3% ▲

5Y CAGR: +24.5%

Gross Profit

$2.8B +9.9% ▲

5Y CAGR: +50.5%

Operating Income

$625M +129.4% ▲

5Y CAGR: +31.6%

Net Income

$63M -33.0% ▼

5Y CAGR: -1.4%

EPS (Diluted)

$0.47 -33.8% ▼

5Y CAGR: -6.0%

EBITDA

$803M +34.2% ▲

5Y CAGR: +27.8%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.4B	$1.7B	$2.0B	$2.5B	$3.1B
YoY Growth	+40.7%	+20.4%	+21.8%	+20.9%	+21.3%
Cost of Revenue	$943M	$0	$1.3B	$1.5B	$288M
Gross Profit	$489M	$1.7B	$728M	$945M	$2.8B
Gross Margin	34.1%	100.0%	35.9%	37.2%	90.6%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$1.1B	$1.3B	$1.6B	$1.9B	$453M
Operating Expenses	$302M	$316M	$369M	$517M	$2.1B
Operating Income	$326M	$290M	$359M	$611M	$625M
Operating Margin	22.8%	16.8%	17.7%	24.1%	20.5%
Interest Expense	$79M	$105M	$120M	$158M	$222M
Income Before Tax	$62M	$179M	$238M	$273M	$293M
Tax Expense	$5M	$16M	$43M	$43M	$79M
Net Income	$66M	$61M	$61M	$95M	$63M
Net Margin	4.6%	3.5%	3.0%	3.7%	2.1%
EPS (Diluted)	$-0.07	$0.52	$0.52	$0.71	$0.47
EBITDA	$439M	$487M	$610M	$779M	$803M
Shares Outstanding	106M	266M	126M	133M	279M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$611M	$649M	$676M	$855M	$755M	$751M	$795M	$917M
Cost of Revenue	$377M	$388M	$430M	$485M	$396M	$74M	$69M	$69M
Gross Profit	$211M	$262M	$260M	$370M	$359M	$678M	$726M	$848M
Gross Margin	34.5%	40.3%	38.4%	43.3%	47.6%	90.2%	91.3%	92.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$482M	$515M	$536M	$592M	$118M	$123M	$0	$227M
Operating Expenses	$129M	$152M	$164M	$175M	$203M	$543M	$582M	$633M
Operating Income	$119M	$144M	$119M	$222M	$156M	$135M	$144M	$215M
Operating Margin	19.5%	22.2%	17.7%	26.0%	20.6%	18.0%	18.1%	23.5%
Interest Expense	$49M	$49M	$55M	$58M	$56M	$53M	$54M	$57M
Income Before Tax	$20M	$69M	$51M	$138M	$60M	$45M	$47M	$131M
Tax Expense	-$9M	$26M	$55M	$13M	-$3M	$13M	$7M	$22M
Net Income	$18M	$14M	-$28M	$52M	$31M	$8M	$41M	$108M
Net Margin	2.9%	2.1%	-4.1%	6.1%	4.1%	1.1%	5.1%	11.8%
EPS (Diluted)	$0.09	$0.05	$-0.22	$0.38	$0.20	$0.03	$0.31	$0.33
EBITDA	$178M	$207M	$187M	$269M	$192M	$171M	$170M	$256M
Shares Outstanding	273M	277M	126M	274M	273M	279M	130M	131M

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