$15.45

+0.04 (+0.26%)

After Hours: $15.50 (+0.05, +0.29%)

Weekly Expected Move ±3.0%

$14 $15 $15 $16 $16

NYSE · Financial Services · Financial - Mortgages · Tech Score Neutral · Power 58 · $610.0M mcap · 24M float · 0.575% daily turnover · Short 49% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: $76.7M held by 67 funds, 414 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.

Income Trends

Revenue

$714M +48.0% ▲

5Y CAGR: +33.9%

Gross Profit

$681M +223.4% ▲

5Y CAGR: +62.1%

Operating Income

$511M +430.4% ▲

5Y CAGR: +85.7%

Net Income

$105M +53.5% ▲

5Y CAGR: +42.7%

EPS (Diluted)

$2.75 +44.0% ▲

EBITDA

$511M +419.6% ▲

5Y CAGR: +82.0%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$181M	$248M	$132M	$483M	$714M
YoY Growth	+10.4%	+32.8%	-48.0%	+242.4%	+48.0%
Cost of Revenue	$106M	$158M	$0	$272M	$33M
Gross Profit	$76M	$90M	$132M	$211M	$681M
Gross Margin	41.7%	36.2%	100.0%	43.6%	95.3%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$24M	$36M	$53M	$75M	$6M
Operating Expenses	$36M	$45M	$55M	$114M	$170M
Operating Income	$40M	$45M	$77M	$96M	$511M
Operating Margin	21.9%	17.9%	58.3%	20.0%	71.6%
Interest Expense	$106M	$157M	$203M	$247M	$365M
Income Before Tax	$40M	$45M	$71M	$96M	$146M
Tax Expense	$11M	$12M	$19M	$28M	$41M
Net Income	$29M	$32M	$52M	$68M	$105M
Net Margin	16.1%	13.0%	39.7%	14.2%	14.7%
EPS (Diluted)	$0.86	$0.93	$1.52	$1.91	$2.75
EBITDA	$42M	$47M	$0	$98M	$511M
Shares Outstanding	34M	34M	34M	36M	38M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$119M	$125M	$119M	$166M	$172M	$182M	$168M	$179M
Cost of Revenue	$70M	$18M	$81M	$90M	$95M	$17M	$14M	$21M
Gross Profit	$49M	$107M	$38M	$76M	$77M	$165M	$154M	$158M
Gross Margin	41.4%	85.8%	31.9%	46.0%	44.6%	90.5%	91.6%	88.2%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$18M	$23M	$2M	$23M	$24M	$0	$6M	$2M
Operating Expenses	$28M	-$52K	$44M	$43M	$41M	$6M	$7M	$4M
Operating Income	$21M	$107M	-$6M	$34M	$35M	$159M	$147M	$154M
Operating Margin	17.8%	85.9%	-5.1%	20.4%	20.5%	87.5%	87.5%	86.2%
Interest Expense	$64M	$75M	$75M	$88M	$95M	$101M	$109M	$112M
Income Before Tax	$21M	$32M	$27M	$34M	$35M	$50M	$31M	$35M
Tax Expense	$6M	$11M	$8M	$8M	$10M	$15M	$9M	$10M
Net Income	$16M	$21M	$18M	$26M	$25M	$35M	$22M	$25M
Net Margin	13.2%	16.5%	15.4%	15.7%	14.7%	19.1%	13.3%	14.1%
EPS (Diluted)	$0.43	$0.56	$0.51	$0.68	$0.65	$0.90	$0.56	$0.63
EBITDA	$22M	$107M	$102M	$34M	$36M	$152M	$140M	$148M
Shares Outstanding	36M	36M	37M	38M	39M	38M	39M	39M

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Income Trends

Profit Margins

Year-over-Year Growth

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