Enova International (ENVA) 10-Q 29 Jul 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Jul. 27, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Registrant Name	Enova International, Inc.
Entity Central Index Key	0001529864
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Title of 12(b) Security	Common Stock, $.00001 par value per share
Trading Symbol	ENVA
Name of Exchange of which registered	NYSE
Entity Common Stock, Shares Outstanding		32,010,647
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity File Number	1-35503
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-3190813
Entity Address, Address Line One	175 West Jackson Blvd.
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60604
City Area Code	312
Local Phone Number	568-4200
Document Quarterly Report	true
Document Transition Report	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Assets
Cash and cash equivalents	$ 144,090	$ 165,477	$ 394,353
Restricted cash	69,664	60,406	52,806
Loans and finance receivables at fair value	2,460,851	1,964,690	1,408,703
Income taxes receivable	44,597	51,104	337
Other receivables and prepaid expenses	58,859	52,274	48,476
Property and equipment, net	88,648	78,402	80,430
Operating lease right-of-use assets	21,301	23,101	37,752
Goodwill	279,275	279,275	279,275
Intangible assets, net	31,417	35,444	39,472
Other assets	54,468	51,310	53,185
Total assets	3,253,170	2,761,483	2,394,789
Liabilities and Stockholders’ Equity
Accounts payable and accrued expenses	169,530	156,102	140,571
Operating lease liabilities	36,962	40,987	64,233
Deferred tax liabilities, net	97,932	86,943	66,740
Long-term debt	1,840,665	1,384,399	1,028,488
Total liabilities	2,145,089	1,668,431	1,300,032
Commitments and contingencies (Note 8)
Stockholders’ equity:
Common stock, $0.00001 par value, 250,000,000 shares authorized, 44,165,233, 43,185,473 and 43,423,572 shares issued and 32,183,324, 36,872,424 and 34,144,012 outstanding as of June 30, 2022 and 2021 and December 31, 2021, respectively	0	0	0
Preferred stock, $0.00001 par value, 25,000,000 shares authorized, no shares issued and outstanding
Additional paid in capital	239,187	225,689	211,548
Retained earnings	1,210,605	1,105,761	1,005,563
Accumulated other comprehensive loss	(7,481)	(8,540)	(6,011)
Treasury stock, at cost (11,981,909, 6,313,049 and 9,279,560 shares as of June 30, 2022 and 2021 and December 31, 2021, respectively)	(334,230)	(229,858)	(117,439)
Total Enova International, Inc. stockholders’ equity	1,108,081	1,093,052	1,093,661
Noncontrolling interest			1,096
Total stockholders’ equity	1,108,081	1,093,052	1,094,757
Total liabilities and stockholders’ equity	$ 3,253,170	$ 2,761,483	$ 2,394,789

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Statement Of Financial Position [Abstract]
Common stock, par value per share	$ 0.00001	$ 0.00001	$ 0.00001
Common stock, shares authorized	250,000,000	250,000,000	250,000,000
Common stock, shares issued	44,165,233	43,423,572	43,185,473
Common stock, shares outstanding	32,183,324	34,144,012	36,872,424
Preferred stock, par value per share	$ 0.00001	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	25,000,000	25,000,000	25,000,000
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0
Treasury stock, shares	11,981,909	9,279,560	6,313,049

CONSOLIDATED BALANCE SHEETS (Co

CONSOLIDATED BALANCE SHEETS (Consolidated VIEs) (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021
Assets of consolidated VIEs, included in total assets above
Cash and cash equivalents	$ 144,090	$ 165,477	$ 394,353
Restricted cash	69,664	60,406	52,806
Loans and finance receivables at fair value	2,460,851	1,964,690	1,408,703	$ 1,230,711
Other receivables and prepaid expenses	58,859	52,274	48,476
Other assets	54,468	51,310	53,185
Total assets	3,253,170	2,761,483	2,394,789
Liabilities of consolidated VIEs, included in total liabilities above
Accounts payable and accrued expenses	169,530	156,102	140,571
Long-term debt	1,840,665	1,384,399	1,028,488
Total liabilities	2,145,089	1,668,431	1,300,032
Variable Interest Entity, Primary Beneficiary
Assets of consolidated VIEs, included in total assets above
Cash and cash equivalents	420	420	1,991
Restricted cash	56,211	45,706	42,789
Loans and finance receivables at fair value	1,194,166	745,246	533,215
Other receivables and prepaid expenses	11,680	6,378	4,355
Other assets	2,641	2,082	925
Total assets	1,265,118	799,832	583,275
Liabilities of consolidated VIEs, included in total liabilities above
Accounts payable and accrued expenses	4,205	2,061	4,247
Affiliate note payable			4,220
Long-term debt	952,025	565,770		$ 410,076
Total liabilities	$ 956,230	$ 567,831	$ 418,543

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenue	$ 407,990	$ 264,720	$ 793,721	$ 524,164
Change in Fair Value	(143,418)	(5,587)	(260,460)	(26,665)
Net Revenue	264,572	259,133	533,261	497,499
Operating Expenses
Marketing	91,551	55,254	184,722	83,822
Operations and technology	42,262	35,035	82,992	70,662
General and administrative	33,690	38,675	68,218	82,764
Depreciation and amortization	7,584	7,460	17,098	14,087
Total Operating Expenses	175,087	136,424	353,030	251,335
Income from Operations	89,485	122,709	180,231	246,164
Interest expense, net	(24,950)	(19,416)	(47,433)	(39,330)
Foreign currency transaction gain (loss)	21	(240)	(293)	(274)
Equity method investment income	6,323	1,471	6,651	2,029
Other nonoperating expenses	(1,091)	(750)	(1,091)	(1,128)
Income before Income Taxes	69,788	103,774	138,065	207,461
Provision for income taxes	17,387	23,224	33,221	50,940
Net income before noncontrolling interest	52,401	80,550	104,844	156,521
Less: Net income attributable to noncontrolling interest		373		424
Net income attributable to Enova International, Inc.	$ 52,401	$ 80,177	$ 104,844	$ 156,097
Earnings per common share:
Basic	$ 1.61	$ 2.18	$ 3.18	$ 4.28
Diluted	$ 1.56	$ 2.10	$ 3.07	$ 4.13
Weighted average common shares outstanding:
Basic	32,497	36,801	32,933	36,457
Diluted	33,484	38,142	34,181	37,816

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income before noncontrolling interest		$ 52,401	$ 80,550	$ 104,844	$ 156,521
Other comprehensive loss, net of tax:
Foreign currency translation gain (loss)	[1]	(2,570)	2,487	897	1,157
Ownership change in noncontrolling interest					(270)
Unrealized gain on available for sale securities, net of tax		162		162
Total other comprehensive gain (loss), net of tax		(2,408)	2,487	1,059	887
Comprehensive Income		49,993	83,037	105,903	157,408
Net income attributable to noncontrolling interest			(373)		(424)
Foreign currency translation loss attributable to noncontrolling interests			19		12
Ownership change in noncontrolling interest					802
Comprehensive income attributable to the noncontrolling interest			(354)		390
Comprehensive income attributable to Enova International, Inc.		$ 49,993	$ 82,683	$ 105,903	$ 157,798
[1] Net of tax benefit (provision) of $ 843 and $ ( 781 ) for the three months ended June 30, 2022 and 2021, respectively, and $ ( 280 ) and $ ( 256 ) for the six months ended June 30, 2022 and 2021 , respectively.

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement Of Income And Comprehensive Income [Abstract]
Tax benefit (provision) of foreign currency translation (loss) gain	$ 843	$ (781)	$ (280)	$ (256)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Total Enova International, Inc. Stockholders'Equity	Noncontrolling Interest
Balance at Dec. 31, 2020	$ 918,834		$ 187,981	$ 849,466	$ (6,898)	$ (113,201)	$ 917,348	$ 1,486
Balance, in shares at Dec. 31, 2020		41,937,000				(6,174,000)
Stock-based compensation expense	11,054		11,054				11,054
Shares issued for vested RSUs, in shares		743,000
Shares issued for stock option exercises	11,441		11,441				11,441
Shares issued for stock option exercises, in shares		505,000
Net income attributable to Enova International, Inc.	156,097			156,097			156,097
Foreign currency translation gain (loss), net of tax	(1,145)				(1,157)		(1,157)	12
Purchases of treasury shares, at cost	(4,238)					$ (4,238)	(4,238)
Purchases of treasury shares, at cost, in shares						(139,000)
Ownership change in noncontrolling interest			1,072		(270)		802	(802)
Net income attributable to noncontrolling interest	424							424
Balance at Jun. 30, 2021	$ 1,094,757		211,548	1,005,563	(6,011)	$ (117,439)	1,093,661	1,096
Balance, in shares at Jun. 30, 2021	43,185,473	43,185,000				(6,313,000)
Balance at Mar. 31, 2021	$ 1,005,608		203,765	925,386	(8,498)	$ (115,787)	1,004,866	742
Balance, in shares at Mar. 31, 2021		42,863,000				(6,264,000)
Stock-based compensation expense	5,250		5,250				5,250
Shares issued for vested RSUs, in shares		209,000
Shares issued for stock option exercises	2,533		2,533				2,533
Shares issued for stock option exercises, in shares		113,000
Net income attributable to Enova International, Inc.	80,177			80,177			80,177
Foreign currency translation gain (loss), net of tax	2,468				2,487		2,487	(19)
Purchases of treasury shares, at cost	(1,652)					$ 1,652	1,652
Purchases of treasury shares, at cost, in shares						49,000
Net income attributable to noncontrolling interest	373							373
Balance at Jun. 30, 2021	$ 1,094,757		211,548	1,005,563	(6,011)	$ (117,439)	1,093,661	$ 1,096
Balance, in shares at Jun. 30, 2021	43,185,473	43,185,000				(6,313,000)
Balance at Dec. 31, 2021	$ 1,093,052		225,689	1,105,761	(8,540)	$ (229,858)	1,093,052
Balance, in shares at Dec. 31, 2021	43,423,572	43,424,000				(9,280,000)
Stock-based compensation expense	$ 10,500		10,500				10,500
Shares issued for vested RSUs, in shares		604,000
Shares issued for stock option exercises	2,998		2,998				2,998
Shares issued for stock option exercises, in shares		137,000
Net income attributable to Enova International, Inc.	104,844			104,844			104,844
Unrealized gain on investments, net of tax	162				162		162
Foreign currency translation gain (loss), net of tax	897				897		897
Purchases of treasury shares, at cost	(104,372)					$ (104,372)	(104,372)
Purchases of treasury shares, at cost, in shares						(2,702,000)
Balance at Jun. 30, 2022	$ 1,108,081		239,187	1,210,605	(7,481)	$ (334,230)	1,108,081
Balance, in shares at Jun. 30, 2022	44,165,233	44,165,000				(11,982,000)
Balance at Mar. 31, 2022	$ 1,077,950		233,437	1,158,204	(5,074)	$ (308,617)	1,077,950
Balance, in shares at Mar. 31, 2022		44,058,000				(11,227,000)
Stock-based compensation expense	5,133		5,133				5,133
Shares issued for vested RSUs, in shares		80,000
Shares issued for stock option exercises	617		617				617
Shares issued for stock option exercises, in shares		27,000
Net income attributable to Enova International, Inc.	52,401			52,401			52,401
Unrealized gain on investments, net of tax	162				162		162
Foreign currency translation gain (loss), net of tax	(2,569)				(2,569)		(2,569)
Purchases of treasury shares, at cost	(25,613)					$ 25,613	25,613
Purchases of treasury shares, at cost, in shares						755,000
Balance at Jun. 30, 2022	$ 1,108,081		$ 239,187	$ 1,210,605	$ (7,481)	$ (334,230)	$ 1,108,081
Balance, in shares at Jun. 30, 2022	44,165,233	44,165,000				(11,982,000)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash Flows from Operating Activities
Net income before noncontrolling interest	$ 104,844	$ 156,521
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	17,098	14,087
Amortization of deferred loan costs and debt discount	2,528	3,121
Change in fair value of loans and finance receivables	257,471	25,708
Stock-based compensation expense	10,500	11,054
Loss on sale of subsidiary	4,388
Incomplete transaction costs	710
Loss on early extinguishment of debt		378
Operating leases, net	(2,225)	(1,349)
Deferred income taxes, net	10,726	18,369
Changes in operating assets and liabilities:
Finance and service charges on loans and finance receivables	(11,299)	(3,991)
Other receivables and prepaid expenses and other assets	(18,064)	(6,223)
Accounts payable and accrued expenses	(11,539)	5,170
Current income taxes	27,036	(2,915)
Net cash provided by operating activities	392,174	219,930
Cash Flows from Investing Activities
Loans and finance receivables originated or acquired	(1,937,819)	(1,054,719)
Loans and finance receivables repaid	1,201,083	870,513
Acquisitions, net of cash acquired		(28,358)
Capitalization of software development costs and purchases of fixed assets	(23,311)	(14,402)
Sale of a subsidiary	(8,713)
Other investing activities		25
Net cash used in investing activities	(751,334)	(226,941)
Cash Flows from Financing Activities
Borrowings under revolving line of credit	99,000	102,000
Repayments under revolving line of credit	(30,000)	(102,000)
Borrowings under securitization facilities	408,926	312,087
Repayments under securitization facilities	(23,213)	(230,952)
Debt issuance costs paid	(6,277)	(3,744)
Proceeds from exercise of stock options	2,998	11,441
Treasury shares purchased	(104,372)	(4,238)
Net cash provided by financing activities	347,062	84,594
Effect of exchange rates on cash, cash equivalents and restricted cash	(31)	376
Net (decrease) increase in cash, cash equivalents and restricted cash	(12,129)	77,959
Cash, cash equivalents and restricted cash at beginning of year	225,883	369,200
Cash, cash equivalents and restricted cash at end of period	213,754	447,159
Supplemental Disclosures
Non-cash renewal of loans and finance receivables	$ 151,300	$ 97,401

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	1. Signifi cant Accou nting Policies Nature of the Company Enova International, Inc. and its subsidiaries (collectively, the “Company”) operates an internet-based lending platform to serve customers in need of cash to fulfill their financial responsibilities. Through a network of direct and indirect marketing channels, the Company offers funds to its customers through a variety of unsecured loan and finance receivable products. The business is operated primarily through the internet to provide convenient, fully-automated financial solutions to its customers. The Company originates, arranges, guarantees or purchases consumer loans and provides financing to small businesses through a line of credit account, installment loan or receivables purchase agreement product (“RPAs”). Consumer loans include installment loans and line of credit accounts. RPAs represent a right to receive future receivables from a small business. The Company also provides services related to third-party lenders’ consumer loan products by acting as a credit services organization or credit access business on behalf of consumers in accordance with applicable state laws (“CSO program”). Basis of Presentation The consolidated financial statements of the Company reflect the historical results of operations and cash flows of the Company during each respective period. The consolidated financial statements include goodwill and intangible assets arising from businesses previously acquired. The financial information included herein may not be indicative of the consolidated financial position, operating results, changes in stockholders’ equity and cash flows of the Company in the future. Intercompany transactions are eliminated. The Company consolidates any variable interest entity (“VIE”) where it has been determined it is the primary beneficiary. The primary beneficiary is the entity which has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance as well as the obligation to absorb losses or receive benefits of the entity that could potentially be significant to the VIE. The consolidated financial statements presented as of June 30, 2022 and 2021 and for the three and six-month periods ended June 30, 2022 and 2021 are unaudited but, in management’s opinion, include all adjustments necessary for a fair presentation of the results for such interim periods. Operating results for the three and six-month periods are not necessarily indicative of the results that may be expected for the full fiscal year. These consolidated financial statements and related notes should be read in conjunction with the Company’s audited consolidated financial statements as of December 31, 2021 and 2020 and for the years ended December 31, 2021, 2020 and 2019 and related notes, which are included on Form 10-K filed with the SEC on February 28, 2022. Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the consolidated balance sheets (in thousands): June 30, 2022 2021 Cash and cash equivalents $ 144,090 $ 394,353 Restricted cash 69,664 52,806 Total cash, cash equivalents and restricted cash $ 213,754 $ 447,159 Loans and Finance Receivables The Company utilizes the fair value option on its entire loan and finance receivable portfolio. As such, loans and finance receivables are carried at fair value in the consolidated balance sheet with changes in fair value recorded in the consolidated income statement. To derive the fair value, the Company generally utilizes discounted cash flow analyses that factor in estimated losses, prepayments, utilization rates and servicing costs over the estimated duration of the underlying assets. Loss, prepayment, utilization and servicing cost assumptions are determined using historical data and include appropriate consideration of recent trends and anticipated future performance. Future cash flows are discounted using a rate of return that the Company believes a market participant would require. Accrued and unpaid interest and fees are included in “Loans and finance receivables at fair value” in the consolidated balance sheets. Current and Delinquent Loans and Finance Receivables The Company classifies its loans and finance receivables as either current or delinquent. Excluding OnDeck loans and finance receivables, when a customer does not make a scheduled payment as of the due date, that payment is considered delinquent, and the remainder of the receivable balance is considered current. If the customer does not make two consecutive payments, the entire account or loan is classified as delinquent and placed on a non-accrual status. For the OnDeck portfolio, a loan is considered to be delinquent when the scheduled payments are one day past due. Loans are placed in nonaccrual status and the accrual of interest income is stopped on loans that are delinquent and non-paying. Loans are returned to accrual status if they are brought to non-delinquent status or have performed in accordance with the contractual terms for a reasonable period of time and, in the Company’s judgment, will continue to make periodic principal and interest payments as scheduled. The Company allows for normal payment processing time before considering a loan delinquent but does not provide for any additional grace period. Where permitted by law and as long as a loan is not considered delinquent, a customer may choose to renew or extend the due date on certain installment loans. In order to renew or extend a single-pay loan, a customer must agree to pay the current finance charge for the right to make a later payment of the outstanding principal balance plus an additional finance charge. In order to renew an installment loan, the customer enters into a new installment loan contract and agrees to pay the principal balance and finance charge in accordance with the terms of the new loan contract. In response to the COVID-19 pandemic, the Company enhanced the forbearance options on its loan products, offering additional relief to impacted customers with features such as payment deferrals without the incurrence of additional finance charges or late fees. If a loan is deemed to be current and the customer makes a deferral or payment modification, the loan is still deemed to be current until the next scheduled payment is missed. The Company generally charges off loans and finance receivables between 60 and 65 days delinquent. If a loan or finance receivable is deemed uncollectible prior to this, it is charged off at that point. For the OnDeck portfolio, the Company generally charges off a loan when it is probable that it will be unable to collect all of the remaining principal payments, which is generally after 90 days of delinquency and 30 days of non-activity. Loans and finance receivables classified as delinquent generally have an age of one to 64 days from the date any portion of the receivable became delinquent, as defined above. Recoveries on loans and finance receivables that were previously charged off are generally recognized when collected or sold. Goodwill Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. In accordance with Accounting Standards Codification (“ASC”) 350, Goodwill , the Company tests goodwill and intangible assets with an indefinite life for potential impairment annually as of October 1 and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value below its carrying amount. The Company first assesses qualitative factors to determine whether it is necessary to perform the quantitative goodwill impairment test. In assessing the qualitative factors, management considers relevant events and circumstances including but not limited to macroeconomic conditions, industry and market environment, overall financial performance of the Company, cash flow from operating activities, market capitalization and stock price. If the Company determines that the quantitative impairment test is required, management uses the income approach to complete its annual goodwill assessment. The income approach uses future cash flows and estimated terminal values for the Company that are discounted using a market participant perspective to determine the fair value, which is then compared to the carrying value to determine if there is impairment. The income approach includes assumptions about revenue growth rates, operating margins and terminal growth rates discounted by an estimated weighted-average cost of capital derived from other publicly-traded companies that are similar but not identical from an operational and economic standpoint. Revenue Recognition The Company recognizes revenue based on the financing products and services it offers and on loans it acquires. “Revenue” in the consolidated statements of income includes: interest income, finance charges, fees for services provided through the Company’s CSO programs (“CSO fees”), revenue on RPAs, service charges, draw fees, minimum billing fees, purchase fees, origination fees, late fees and non-sufficient funds fees as permitted by applicable laws and pursuant to the agreement with the customer. Interest is generally recognized on an effective yield basis over the contractual term of the loan on installment loans, the estimated outstanding period of the draw on line of credit accounts, or the projected delivery term on RPAs. CSO fees are recognized over the term of the loan. Late and nonsufficient funds fees are recognized when assessed to the customer. Marketing Expenses Marketing expenses consist of digital costs, lead purchase costs and offline marketing costs such as television and direct mail advertising. All marketing expenses are expensed as incurred. Equity Method Investments In the second quarter of 2022, the Company sold its remaining interest in On Deck Capital Canada Holdings, Inc. (“OnDeck Canada”), which resulted in a net loss of $ 4.4 million. Prior to this, the Company recorded its interest in OnDeck Canada under the equity method of accounting. As of June 30, 2021 and December 31, 2021, the carrying value of the Company’s investment in OnDeck Canada was $ 13.1 million and $ 13.7 million, respectively, which the Company has included in “Other assets” on the consolidated balance sheets. On February 24, 2021 the Company contributed the platform-as-service business assumed in the OnDeck acquisition to Linear Financial Technologies Holding LLC (“Linear”) in exchange for ownership units in that entity. The Company records its interest in Linear under the equity method of accounting. As of June 30, 2022 and 2021 and December 31, 2021, the carrying value of the Company’s investment in Linear was $ 16.7 million, $ 5.6 million and $ 5.6 million, respectively, which the Company has included in “Other assets” on the consolidated balance sheets. In December 2021, the Company sold a portion of its interest in On Deck Capital Australia PTY LTD (“OnDeck Australia"). Prior to this, the Company had consolidated the financial position and results of operations of OnDeck Australia under the voting interest model. The noncontrolling interest, which is presented as a separate component of consolidated equity, represented the minority owners’ proportionate share of the equity of the entity and was adjusted for the minority owners’ share of the earnings, losses, investments and distributions. Subsequent to the transaction, the Company owns a 20 % equity interest in OnDeck Australia and no longer has control over the entity; as such, the Company has deconsolidated OnDeck Australia from its financial statements and now records its interest under the equity method of accounting. As of June 30, 2022 and December 31, 2021, the carrying value of the Company’s investment in OnDeck Australia was $ 1.4 million and $ 1.8 million, respectively, which the Company has included in “Other assets” on the consolidated balance sheets. Equity method income has been included in “Equity method investment income” in the consolidated income statements. Variable Interest Entities As part of the Company’s overall funding strategy and as part of its efforts to support its liquidity from varying sources, the Company has established a securitization program through several securitization facilities. The Company transfers certain loan receivables to VIEs, which issue notes backed by the underlying loan receivables and are serviced by another wholly-owned subsidiary of the Company. The cash flows from the loans held by the VIEs are used to repay obligations under the notes. The Company is required to evaluate the VIEs for consolidation. The Company has the ability to direct the activities of the VIEs that most significantly impact the economic performance of the entities as the servicer of the securitized loan receivables. Additionally, the Company has the right to receive residual payments, which expose it to potentially significant losses and returns. Accordingly, the Company determined it is the primary beneficiary of the VIEs and is required to consolidate them. The assets and liabilities related to the VIEs are included in the Company’s consolidated financial statements and are accounted for as secured borrowings.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Acquisitions	2. Acquisitions On March 19, 2021, the Company completed the purchase of Pangea Universal Holdings, Inc. (“PUH”), a Chicago-based payments platform offering mobile international money transfer services. In accordance with the terms of the transaction, PUH was merged into Pangea Transfer Company, LLC (“Pangea”) with the separate corporate existence of PUH thereupon ceasing and Pangea continuing as the surviving, wholly-owned subsidiary of the Company. Pangea serves the international money transfer market with a focus on Latin America and Asia. Customers have the option to transfer funds directly into bank accounts or have cash picked up from partners in minutes. The total consideration of $ 32.9 million consisted of $ 30.0 million in cash and $ 2.9 million in loan forgiveness. The Company performed a valuation analysis of identifiable assets acquired and liabilities assumed and allocated the aggregate purchase consideration based on the fair values of those identifiable assets and liabilities. The allocation of the purchase consideration included $ 19.8 million and $ 11.3 million of intangible assets and goodwill, respectively, with all other assets acquired and liabilities assumed being nominal. The operating results of Pangea are included in, but not material to, the Company’s consolidated financial statements from the date of acquisition. Its revenues and cost of revenues are included in “Revenues” and “Change in Fair Value,” respectively, in the Consolidated Statements of Income.

Loans and Finance Receivables

Loans and Finance Receivables	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Loans and Finance Receivables	3. Loans and Finance Receivables Revenue generated from the Company’s loans and finance receivables for the three and six months ended June 30, 2022 and 2021 was as follows (dollars in thousands): Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Consumer loans and finance receivables revenue $ 253,043 $ 174,512 $ 501,590 $ 356,249 Small business loans and finance receivables revenue 149,909 85,561 282,503 161,121 Total loans and finance receivables revenue 402,952 260,073 784,093 517,370 Other 5,038 4,647 9,628 6,794 Total revenue $ 407,990 $ 264,720 $ 793,721 $ 524,164 Loans and Finance Receivables at Fair Value The components of Company-owned loans and finance receivables at June 30, 2022 and 2021 and December 31, 2021 were as follows (dollars in thousands): As of June 30, 2022 Small Consumer Business Total Principal balance - accrual $ 842,351 $ 1,307,587 $ 2,149,938 Principal balance - non-accrual 94,250 56,468 150,718 Total principal balance 936,601 1,364,055 2,300,656 Loans and finance receivables at fair value - accrual 980,668 1,443,061 2,423,729 Loans and finance receivables at fair value - non-accrual 8,460 28,662 37,122 Loans and finance receivables at fair value 989,128 1,471,723 2,460,851 Difference between principal balance and fair value $ 52,527 $ 107,668 $ 160,195 As of June 30, 2021 Small Consumer Business Total Principal balance - accrual $ 551,489 $ 752,239 $ 1,303,728 Principal balance - non-accrual 33,598 29,554 63,152 Total principal balance 585,087 781,793 1,366,880 Loans and finance receivables at fair value - accrual 620,675 769,239 1,389,914 Loans and finance receivables at fair value - non-accrual 3,300 15,489 18,789 Loans and finance receivables at fair value $ 623,975 $ 784,728 $ 1,408,703 Difference between principal balance and fair value $ 38,888 $ 2,935 $ 41,823 As of December 31, 2021 Small Consumer Business Total Principal balance - accrual $ 799,678 $ 967,950 $ 1,767,628 Principal balance - non-accrual 68,073 42,725 110,798 Total principal balance 867,751 1,010,675 1,878,426 Loans and finance receivables at fair value - accrual 885,238 1,051,400 1,936,638 Loans and finance receivables at fair value - non-accrual 4,906 23,146 28,052 Loans and finance receivables at fair value $ 890,144 $ 1,074,546 $ 1,964,690 Difference between principal balance and fair value $ 22,393 $ 63,871 $ 86,264 As of June 30, 2022 and 2021 and December 31, 2021 , the aggregate fair value of loans and finance receivables that were 90 days or more past due was $ 5.5 million, $ 7.5 million and $ 6.4 million, respectively, of which, $ 5.4 million, $ 7.3 million and $ 6.3 million, respectively, was in non-accrual status. The aggregate unpaid principal balance for loans and finance receivables that were 90 days or more past due was $ 11.8 million, $ 14.8 million and $ 12.4 million, respectively. Changes in the fair value of Company-owned loans and finance receivables during the three and six months ended June 30, 2022 and 2021 were as follows (dollars in thousands): Three Months Ended June 30, 2022 Small Consumer Business Total Balance at beginning of period $ 934,351 $ 1,297,533 $ 2,231,884 Originations or acquisitions 388,336 679,233 1,067,569 Interest and fees (1) 253,043 149,909 402,952 Repayments ( 452,651 ) ( 646,188 ) ( 1,098,839 ) Charge-offs, net (2) ( 134,524 ) ( 27,867 ) ( 162,391 ) Net change in fair value (2) 1,446 19,103 20,549 Effect of foreign currency translation ( 873 ) — ( 873 ) Balance at end of period $ 989,128 $ 1,471,723 $ 2,460,851 Three Months Ended June 30, 2021 Small Consumer Business Total Balance at beginning of period $ 581,398 $ 649,313 $ 1,230,711 Originations or acquisitions 261,363 400,699 662,062 Interest and fees (1) 174,512 85,561 260,073 Repayments ( 344,256 ) ( 395,251 ) ( 739,507 ) Charge-offs, net (2) ( 27,050 ) ( 5,102 ) ( 32,152 ) Net change in fair value (2) ( 22,657 ) 50,179 27,522 Effect of foreign currency translation 665 ( 671 ) ( 6 ) Balance at end of period $ 623,975 $ 784,728 $ 1,408,703 Six Months Ended June 30, 2022 Small Consumer Business Total Balance at beginning of period $ 890,144 $ 1,074,546 $ 1,964,690 Originations or acquisitions 751,145 1,337,974 2,089,119 Interest and fees (1) 501,590 282,503 784,093 Repayments ( 904,473 ) ( 1,215,674 ) ( 2,120,147 ) Charge-offs, net (2) ( 271,748 ) ( 48,727 ) ( 320,475 ) Net change in fair value (2) 21,903 41,101 63,004 Effect of foreign currency translation 567 — 567 Balance at end of period $ 989,128 $ 1,471,723 $ 2,460,851 Six Months Ended June 30, 2021 Small Consumer Business Total Balance at beginning of period $ 625,219 $ 616,287 $ 1,241,506 Originations or acquisitions 429,310 722,810 1,152,120 Interest and fees (1) 356,249 161,121 517,370 Repayments ( 711,331 ) ( 764,463 ) ( 1,475,794 ) Charge-offs, net (2) ( 63,458 ) ( 23,144 ) ( 86,602 ) Net change in fair value (2) ( 12,322 ) 73,216 60,894 Effect of foreign currency translation 308 ( 1,099 ) ( 791 ) Balance at end of period $ 623,975 $ 784,728 $ 1,408,703 (1) Included in “Revenue” in the consolidated statements of income. (2) Included in “Change in Fair Value” in the consolidated statements of income. Guarantees of Consumer Loans In connection with its CSO programs, the Company guarantees consumer loan payment obligations to unrelated third-party lenders for consumer loans and is required to purchase any defaulted loans it has guaranteed. The guarantee represents an obligation to purchase specific loans that go into default. As of June 30, 2022 and 2021 and December 31, 2021, the consumer loans guaranteed by the Company had an estimated fair value of $ 17.9 million, $ 10.8 million and $ 18.8 million, respectively and an outstanding principal balance of $ 11.9 million, $ 8.3 million and $ 11.8 million, respectively. As of June 30, 2022 and 2021 and December 31, 2021, the amount of consumer loans, including principal, fees and interest, guaranteed by the Company were $ 14.0 million, $ 9.7 million and $ 13.8 million, respectively. These loans are not included in the consolidated balance sheets as the Company does not own the loans prior to default.

Long-term Debt

Long-term Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Long-term Debt	4. Long-term debt The Company’s long-term debt instruments and balances outstanding as of June 30, 2022 and 2021 and December 31, 2021, including maturity date, weighted average interest rate and borrowing capacity as of June 30, 2022, were as follows (dollars in thousands): Weighted Outstanding average Borrowing June 30, December 31, Maturity date interest rate (1) capacity 2022 2021 2021 Funding Debt: 2018-1 Securitization Facility March 2027 (2) 4.91 % $ 200,000 $ 150,000 $ 25,628 $ 72,706 2018-2 Securitization Facility July 2025 (3) 5.30 % 225,000 189,327 4,962 75,000 2018-A Securitization Notes May 2026 — — — 8,107 628 2019-A Securitization Notes June 2026 7.62 % 5,343 5,343 42,154 19,255 ODR 2021-1 Securitization Facility November 2024 (4) 1.18 % 200,000 107,000 — — ODR 2022-1 Securitization Facility June 2025 (5) 2.26 % 420,000 — — — RAOD Securitization Facility December 2023 (6) 3.63 % 236,842 202,632 — 101,000 ODAST III Securitization Notes May 2027 (7) 2.07 % 300,000 300,000 300,000 300,000 Other funding debt (8) Various — — — 32,996 — Total funding debt 3.42 % $ 1,587,185 $ 954,302 $ 413,847 $ 568,589 Corporate Debt: 8.50 % Senior Notes Due 2024 September 2024 8.50 % $ 250,000 $ 250,000 $ 250,000 $ 250,000 8.50 % Senior Notes Due 2025 September 2025 8.50 % 375,000 375,000 375,000 375,000 Revolving line of credit June 2026 5.50 % 440,000 (9) 269,000 — 200,000 Other corporate debt April 2022 — — — 795 — Total corporate debt 7.60 % $ 1,065,000 $ 894,000 $ 625,795 $ 825,000 Less: Long-term debt issuance costs $ ( 6,353 ) $ ( 9,001 ) $ ( 7,608 ) Less: Debt discounts ( 1,284 ) ( 2,153 ) ( 1,582 ) Total long-term debt $ 1,840,665 $ 1,028,488 $ 1,384,399 (1) The weighted average interest rate is determined based on the rates and principal balances on June 30, 2022 . It does not include the impact of the amortization of deferred loan origination costs or debt discounts. (2) The period during which new borrowings may be made under this facility expires in March 2025. (3) The period during which new borrowings may be made under this facility expires in July 2023. (4) The period during which new borrowings may be made under this facility expires in November 2023. (5) The period during which new borrowings may be made under this facility expires in June 2024. (6) The period during which new borrowings may be made under this facility expires in December 2022. (7) The period during which new borrowings may be made under this facility expires in April 2024. (8) These debt facilities supported the Company’s operations in Australia and were denominated in Australian dollars. In December 2021, the Company sold a portion of its interest in OnDeck Australia and, as a result, deconsolidated it, including its long-term debt balances, from the Company's consolidated financial statements. (9) The Company had outstanding letters of credit under the Revolving line of credit of $ 0.8 million, $ 0.5 million and $ 0.8 million as of June 30, 2022 and 2021 and December 31, 2021 , respectively. Weighted average interest rates on long-term debt were 5.84 % and 8.20 % during the six months ended June 30, 2022 and 2021, respectively. As of June 30, 2022 and 2021 and December 31, 2021, the Company was in compliance with all covenants and other requirements set forth in the prevailing long-term debt agreements. Recent Updates to Debt Facilities ODR 2022-1 Securitization Facility On June 30, 2022 (the “ODR 2022-1 Closing Date”), the Company and several of its subsidiaries entered into a receivables securitization (the “ODR 2022-1 Securitization Facility”) with lenders party thereto from time to time, BMO Capital Markets Corp. ("BMO") as administrative agent and Deutsche Bank Trust Company Americas as collateral agent. The ODR 2022-1 Securitization Facility finances securitization receivables that have been and will be originated or acquired under the Company’s OnDeck brand by a wholly-owned subsidiary and that meet specified eligibility criteria. Under the ODR 2022-1 Securitization Facility, eligible securitization receivables are sold to a wholly-owned subsidiary of the Company (the “ODR 2022-1 Debtor”) and serviced by another subsidiary of the Company. The ODR 2022-1 Securitization Facility has Class A and Class B revolving commitments of $ 350.0 million and $ 70.0 million, respectively, which are required to be secured by eligible securitization receivables. The ODR 2022-1 Securitization Facility is non-recourse to the Company and matures three years after the ODR 2022-1 Closing Date. As of June 30, 2022, there was no outstanding amount under the ODR 2022-1 Securitization Facility. The ODR 2022-1 Securitization Facility is governed by a credit agreement, dated as of the ODR 2022-1 Closing Date, between the ODR 2022-1 Debtor, the administrative agent, the lenders, and the collateral agent. The revolving Class A loans shall accrue interest at a rate per annum equal to BMO's prime rate plus 1.75 % with an advance rate of 75 %. The revolving Class B loans shall accrue interest at a rate per annum equal to BMO's prime rate plus 7.50 % with an advance rate of 90 %. Interest payments on the ODR 2022-1 Securitization Facility will be made monthly. All amounts due under the ODR 2022-1 Securitization Facility are secured by all of the ODR 2022-1 Debtor’s assets, which include the eligible securitization receivables transferred to the ODR 2022-1 Debtor, related rights under the eligible securitization receivables, a bank account and certain other related collateral. The Company has issued a limited indemnity to the lenders for certain “bad acts,” and the Company has agreed for the benefit of the lenders to meet certain ongoing financial performance covenants. The ODR 2022-1 Securitization Facility documents contain customary provisions for securitizations, including representations and warranties as to the eligibility of the eligible securitization receivables and other matters; indemnification for specified losses not including losses due to the inability of customers to repay their loans or lines of credit; covenants regarding special purpose entity matters; and default and termination provisions which provide for the acceleration of the ODR 2022-1 Securitization Facility in circumstances including, but not limited to, failure to make payments when due, certain insolvency events, breaches of representations, warranties or covenants, failure to maintain the security interest in the eligible securitization receivables, and defaults under other material indebtedness of the ODR 2022-1 Debtor. Revolving Credit Facility On June 23, 2022, the Company and certain of its subsidiaries amended and restated the existing secured revolving credit agreement, dated as of June 30, 2017 (as amended, the "Credit Agreement") with the lenders from time to time party thereto, Bank of Montreal, as administrative agent and collateral agent, and BMO Capital Markets, Axos Bank, and Synovus Bank, as the joint lead arrangers and joint lead bookrunners. Bank of Montreal replaces TBK Bank, SSB, as administrative agent. The Credit Agreement provides for a secured asset-backed revolving credit facility in an aggregate principal amount of up to $ 440.0 million, with a $ 20.0 million letter of credit sublimit and a $ 10.0 million swingline loan sublimit. The proceeds of the loans under the Credit Agreement may be used for working capital and other general business purposes. The loans bear interest, at the Company’s option, at the Secured Overnight Financing Rate plus 3.50 % or the base rate, as defined in the Credit Agreement, plus 0.75 % with an advance rate of 75 %. In addition to customary fees for a credit facility of this size and type, the Credit Agreement provides for payment of a commitment fee calculated with respect to the unused portion of the commitment, and ranges from 0.15 % per annum to 0.50 % per annum depending on usage. The Credit Agreement contains certain prepayment penalties if it is terminated on or before the first and second anniversary dates, subject to certain exceptions. The loans mature on June 30, 2026 . The Credit Agreement contains customary affirmative and negative covenants, including covenants that limit or restrict the Company and its subsidiaries’ ability to, among other things, incur indebtedness, grant liens, merge or consolidate, dispose of assets, make investments, enter into certain transactions with affiliates, make restricted payments, and enter into restrictive agreements, in each case subject to customary exceptions for a credit facility of this size and type. The Credit Agreement includes financial maintenance covenants, which require the Company to maintain compliance with a minimum fixed charge coverage ratio and a maximum consolidated leverage ratio, each determined in accordance with the terms of the Credit Agreement. The Credit Agreement also contains environmental, social, and governance provisions allowing amendment of the Credit Agreement to reflect subsequently agreed upon key performance indicators with respect to sustainability targets, achievement of which would result in adjustments to the commitment fee and applicable margins. 2018-2 Securitization Facility On March 14, 2022, the loan securitization facility for EFR 2018-2, LLC (the “2018-2 Securitization Facility”) was amended to, among other changes, increase the commitment amount of the Class A revolving loans from $ 133.3 million to $ 200.0 million and the commitment amount of the Class B revolving loans from $ 16.7 million to $ 25.0 million. RAOD Securitization Facility On March 18, 2022, the loan securitization facility for Receivable Assets of OnDeck, LLC (the “RAOD Securitization Facility”) was amended to, among other changes, increase the commitment amount of the Class A revolving loans from $ 150.0 million to $ 200.0 million and the commitment amount of the Class B revolving loans from $ 27.6 million to $ 36.8 million. 2018-1 Securitization Facility On March 24, 2022, the loan securitization facility for EFR 2018-1, LLC (the “2018-1 Securitization Facility”) was amended to, among other changes, increase the commitment amount of the revolving loans from $ 150.0 million to $ 200.0 million and extend the maturity date from September 15, 2026 to March 24, 2027 . ODR 2021-1 Securitization Facility On March 29, 2022, the loan securitization facility for OnDeck Receivables 2021, LLC (the “ODR 2021-1 Securitization Facility”) was amended to, among other changes, increase the commitment amount of the revolving loans from $ 150.0 million to $ 200.0 million.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	5. Income Taxes The Company’s effective tax rate for the six months ended June 30, 2022 was 24.1 %, compared to 24.6 % for the six months ended June 30, 2021. The decrease is primarily attributable to stock-based compensation deductions that occurred at favorable fair market values. As of June 30, 2022, the balance of unrecognized tax benefits was $ 64.7 million, which is included in “Accounts payable and accrued expenses” on the consolidated balance sheet, $ 10.4 million of which, if recognized, would favorably affect the effective tax rate in the period of recognition. The Company had $ 39.1 million and $ 44.1 million of unrecognized tax benefits as of June 30, 2021 and December 31, 2021, respectively. The Company believes that it has adequately accounted for any material tax uncertainties in its existing reserves for all open tax years. The Company’s U.S. tax returns are subject to examination by federal and state taxing authorities. The statute of limitations related to the Company’s consolidated Federal income tax returns is closed for all tax years up to and including 2017. However, the 2014 tax year is still open to the extent of the net operating loss that was carried back from the 2019 tax return. The years open to examination by state, local and foreign government authorities vary by jurisdiction, but the statute of limitation is generally three years from the date the tax return is filed. For jurisdictions that have generated net operating losses, carryovers may be subject to the statute of limitations applicable for the year those carryovers are utilized. In these cases, the period for which the losses may be adjusted will extend to conform with the statute of limitations for the year in which the losses are utilized. In most circumstances, this is expected to increase the length of time that the applicable taxing authority may examine the carryovers by one year or longer, in limited cases.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	6. Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated by giving effect to the potential dilution that could occur if securities or other contracts to issue common shares were exercised and converted into common shares during the period. Restricted stock units issued under the Company’s stock-based employee compensation plans are included in diluted shares upon the granting of the awards even though the vesting of shares will occur over time. The following table sets forth the reconciliation of numerators and denominators of basic and diluted earnings per share computations for the three and six months ended June 30, 2022 and 2021 (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Numerator: Net income $ 52,401 $ 80,177 $ 104,844 $ 156,097 Denominator: Total weighted average basic shares 32,497 36,801 32,933 36,457 Shares applicable to stock-based compensation 987 1,341 1,248 1,359 Total weighted average diluted shares 33,484 38,142 34,181 37,816 Earnings per common share: Earnings per common share – basic $ 1.61 $ 2.18 $ 3.18 $ 4.28 Earnings per common share – diluted $ 1.56 $ 2.10 $ 3.07 $ 4.13 For the three months ended June 30, 2022 and 2021 , 325,560 and 20,945 shares of common stock underlying stock options, respectively, and 486,073 and 34,601 shares of common stock underlying restricted stock units, respectively, were excluded from the calculation of diluted net income per share because their effect would have been antidilutive. For the six months ended June 30, 2022 and 2021 , 275,489 and 20,945 shares of common stock underlying stock options, respectively, and 385,980 and 57,324 shares of common stock underlying restricted stock units, respectively, were excluded from the calculation of diluted net income per share because their effect would have been antidilutive.

Operating Segment Information

Operating Segment Information	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Operating Segment Information	7. Operating Segment Information The Company provides or had provided online financial services to non-prime credit consumers and small businesses in the United States, Australia and Brazil and has one reportable segment. The Company has aggregated all components of its business into a single operating segment based on the similarities of the economic characteristics, the nature of the products and services, the nature of the production and distribution methods, the shared technology platforms, the type of customer and the nature of the regulatory environment. Geographic Information The following table presents the Company’s revenue by geographic region for the three and six months ended June 30, 2022 and 2021 (dollars in thousands): Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Revenue United States $ 404,538 $ 258,555 $ 786,694 $ 513,421 Other international countries 3,452 6,165 7,027 10,743 Total revenue $ 407,990 $ 264,720 $ 793,721 $ 524,164 The Company’s long-lived assets, which consist of the Company’s property and equipment, were $ 88.6 million, $ 80.4 million and $ 78.4 million at June 30, 2022 and 2021 and December 31, 2021 , respectively. The operations for the Company’s businesses are primarily located within the United States, and the value of any long-lived assets located outside of the United States is immaterial.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and Contingencies Litigation On April 23, 2018, the Commonwealth of Virginia, through Attorney General Mark R. Herring, filed a lawsuit in the Circuit Court for the County of Fairfax, Virginia against NC Financial Solutions of Utah, LLC (“NC Utah”), a subsidiary of the Company. The lawsuit alleges violations of the Virginia Consumer Protection Act (“VCPA”) relating to NC Utah’s communications with customers, collections of certain payments, its loan agreements, and the rates it charged to Virginia borrowers. The plaintiff sought to enjoin NC Utah from continuing its then-existing lending practices in Virginia, and still seeks restitution, civil penalties, and costs and expenses in connection with the same. Due to a change in the law, NC Utah no longer lends to Virginia residents and the injunctive remedies sought against NC Utah’s lending practices are no longer applicable. Neither the likelihood of an unfavorable decision nor the ultimate liability, if any, with respect to this matter can be determined at this time, and the Company is currently unable to estimate a range of reasonably possible losses, as defined by ASC 450-20-20, Contingencies–Loss Contingencies–Glossary , for this litigation. The Company carefully considered applicable Virginia law before NC Utah began lending in Virginia and, as a result, believes that the Plaintiff’s claims in the complaint are without merit and intends to vigorously defend this lawsuit. The Company is also involved in certain routine legal proceedings, claims and litigation matters encountered in the ordinary course of its business. Certain of these matters may be covered to an extent by insurance or by indemnification agreements with third parties. The Company has recorded accruals in its consolidated financial statements for those matters in which it is probable that it has incurred a loss and the amount of the loss, or range of loss, can be reasonably estimated. In the opinion of management, the resolution of these matters will not have a material adverse effect on the Company’s financial position, results of operations or liquidity.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	9. Related Party Transactions In October 2019, the Company announced its intent to exit its operations in the U.K. market, and Grant Thornton LLP, a licensed U.K. insolvency practitioner, was appointed as administrators (“Administrators”) to take control of management of the U.K. businesses. The effect of the U.K. businesses’ entry into administration was to place their management, affairs, business and property under the direct control of the Administrators. The Company entered into a service agreement with the Administrators under which the Company provides certain administrative, technical and other services in exchange for compensation by the Administrators. The agreement expired on July 8, 2022 . During the three months ended June 30, 2022 and 2021, the Company recorded $ 0.2 million and $ 0.9 million , respectively, and during the six months ended June 30, 2022 and 2021, the Company recorded $ 0.4 million and $ 1.6 million , respectively, in revenue related to these services. As of June 30, 2022 and 2021 and December 31, 2021, the Administrators owed the Company less than $ 0.1 million, $ 2.1 million and $ 0.5 million, respectively, related to services provided. In the second quarter of 2022, the Company sold its remaining interest in On Deck Capital Canada Holdings, Inc. (“OnDeck Canada”). Prior to this, the Company recorded its interest in OnDeck Canada under the equity method of accounting; as such, OnDeck Canada was deemed a related party. As of June 30, 2022 the Company had no outstanding affiliate balance with OnDeck Canada. As of June 30, 2021 and December 31, 2021, the Company had a due from affiliate balance of $ 1.2 million related to OnDeck Canada that was primarily the result of labor and software charges from people and technology assets at the OnDeck parent company. On February 24, 2021, the Company contributed the platform-as-service business assumed in the OnDeck acquisition to Linear in exchange for ownership units in that entity. The Company records its interest in Linear under the equity method of accounting. As of June 30, 2022 , there was no outstanding balance between Linear and the Company. As of June 30, 2021, the Company had a due to affiliate balance of $ 0.8 million that was primarily comprised of the remaining balances associated with the contribution and exchange. As of December 31, 2021, the Company had a due from affiliate balance of $ 2.9 million from Linear that was primarily comprised of reimbursable expenses paid by the Company on behalf of Linear and fees for services provided. In December 2021, the Company divested a portion of its interest in OnDeck Australia and began recording its remaining interest utilizing the equity method of accounting. As of June 30, 2022, the Company had a due from affiliate balance of $ 0.1 million related to OnDeck Australia.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	10. Fair Value Measurements Recurring Fair Value Measurements The Company uses a hierarchical framework that prioritizes and ranks the market observability of inputs used in its fair value measurements. Market price observability is affected by a number of factors, including the type of asset or liability and the characteristics specific to the asset or liability being measured. Assets and liabilities with readily available, active, quoted market prices or for which fair value can be measured from actively quoted prices generally are deemed to have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. The Company classifies the inputs used to measure fair value into one of three levels as follows: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Inputs other than Level 1, quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, and model-derived prices whose inputs are observable or whose significant value drivers are observable. Level 3: Unobservable inputs for the asset or liability measured. Observable inputs are based on market data obtained from independent sources, while unobservable inputs are based on the Company’s market assumptions. Unobservable inputs require significant management judgment or estimation. In some cases, the inputs used to measure an asset or liability may fall into different levels of the fair value hierarchy. In those cases, the fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level of input that is significant to the entire measurement. Such determination requires significant management judgment. During the three and six months ended June 30, 2022 and 2021 , there were no transfers of assets or liabilities in or out of Level 3 fair value measurements. It is the Company’s policy to value any transfers between levels of the fair value hierarchy based on end of period fair values. The Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2022 and 2021 and December 31, 2021 are as follows (dollars in thousands): June 30, Fair Value Measurements Using 2022 Level 1 Level 2 Level 3 Financial assets: Consumer loans and finance receivables (1)(2) $ 989,128 $ — $ — $ 989,128 Small business loans and finance receivables (1)(2) 1,471,723 — — 1,471,723 Non-qualified savings plan assets (3) 5,567 5,567 — — Investment in trading security (4) 17,871 17,871 — — Total $ 2,484,289 $ 23,438 $ — $ 2,460,851 June 30, Fair Value Measurements Using 2021 Level 1 Level 2 Level 3 Financial assets: Consumer loans and finance receivables (1)(2) $ 623,975 $ — $ — $ 623,975 Small business loans and finance receivables (1)(2) 784,728 — — 784,728 Non-qualified savings plan assets (3) 5,156 5,156 — — Investment in trading security (4) 19,931 19,931 — — Total $ 1,433,790 $ 25,087 $ — $ 1,408,703 December 31, Fair Value Measurements Using 2021 Level 1 Level 2 Level 3 Financial assets: Consumer loans and finance receivables (1)(2) $ 890,144 $ — $ — $ 890,144 Small business loans and finance receivables (1)(2) 1,074,546 — — 1,074,546 Non-qualified savings plan assets (3) 5,561 5,561 — — Investment in trading security (4) 16,062 16,062 — — Total $ 1,986,313 $ 21,623 $ — $ 1,964,690 (1) Consumer and small business loans and finance receivables are included in “Loans and finance receivables at fair value” in the consolidated balance sheets. (2) Consumer loans and finance receivables include $ 435.6 million , $ 163.6 million and $ 274.5 million in assets of consolidated VIEs as of June 30, 2022 and 2021 and December 31, 2021, respectively. Small business loans and finance receivables include $ 758.5 million , $ 369.6 million and $ 470.8 million in assets of consolidated VIEs as of June 30, 2022 and 2021 and December 31, 2021 , respectively. (3) The non-qualified savings plan assets are included in “Other receivables and prepaid expenses” in the Company’s consolidated balance sheets and have an offsetting liability of equal amount, which is included in “Accounts payable and accrued expenses” in the Company’s consolidated balance sheets. (4) Investment in trading security is included in “Other assets” in the Company’s consolidated balance sheets. The Company primarily estimates the fair value of its loan and finance receivables portfolio using discounted cash flow models that have been internally developed. The models use inputs, such as estimated losses, prepayments, utilization rates, servicing costs and discount rates, that are unobservable but reflect the Company’s best estimates of the assumptions a market participant would use to calculate fair value. Certain unobservable inputs may, in isolation, have either a directionally consistent or opposite impact on the fair value of the financial instrument for a given change in that input. An increase to the net loss rate, prepayment rate, servicing cost, or discount rate would decrease the fair value of the Company’s loans and finance receivables. When multiple inputs are used within the valuation techniques for loans, a change in one input in a certain direction may be offset by an opposite change from another input. The fair value of the nonqualified savings plan assets was deemed Level 1 as they are publicly traded equity securities for which market prices of identical assets are readily observable. The fair value of the investment in trading security was deemed Level 1 as it is a publicly traded fund with active market pricing that is readily available. The Company had no liabilities measured at fair value on a recurring basis as of June 30, 2022 and 2021 and December 31, 2021. Fair Value Measurements on a Non-Recurring Basis The Company measures non-financial assets and liabilities such as property and equipment and intangible assets at fair value on a non-recurring basis or when events or circumstances indicate that the carrying amount of the assets may be impaired. At June 30, 2022 and 2021 and December 31, 2021 , there were no assets or liabilities recorded at fair value on a non-recurring basis. Financial Assets and Liabilities Not Measured at Fair Value The Company’s financial assets and liabilities as of June 30, 2022 and 2021 and December 31, 2021 that are not measured at fair value in the consolidated balance sheets are as follows (dollars in thousands): Balance at June 30, Fair Value Measurements Using 2022 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 144,090 $ 144,090 $ — $ — Restricted cash (1) 69,664 69,664 — — Investment in unconsolidated investee (2) 6,918 — — 6,918 Total $ 220,672 $ 213,754 $ — $ 6,918 Financial liabilities: Revolving line of credit $ 269,000 $ — $ — $ 269,000 Securitization notes 953,017 — 932,700 — 8.50 % senior notes due 2024 250,000 — 232,438 — 8.50 % senior notes due 2025 375,000 — 326,168 — Total $ 1,847,017 $ — $ 1,491,306 $ 269,000 Balance at June 30, Fair Value Measurements Using 2021 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 394,353 $ 394,353 $ — $ — Restricted cash (1) 52,806 52,806 — — Investment in unconsolidated investee (2) 6,918 — — 6,918 Total $ 454,077 $ 447,159 $ — $ 6,918 Financial liabilities: Securitization notes $ 411,694 $ — $ 416,251 $ — 8.50 % senior notes due 2024 250,000 — 254,305 — 8.50 % senior notes due 2025 375,000 — 388,620 — Other long-term debt 795 — — 795 Total $ 1,037,489 $ — $ 1,059,176 $ 795 Balance at December 31, Fair Value Measurements Using 2021 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 165,477 $ 165,477 $ — $ — Restricted cash (1) 60,406 60,406 — — Investment in unconsolidated investee (2) 6,918 — — 6,918 Total $ 232,801 $ 225,883 $ — $ 6,918 Financial liabilities: Revolving line of credit $ 200,000 $ — $ — $ 200,000 Securitization notes 567,007 — 567,903 — 8.50 % senior notes due 2024 250,000 — 254,693 — 8.50 % senior notes due 2025 375,000 — 386,348 — Total $ 1,392,007 $ — $ 1,208,944 $ 200,000 (1) Restricted cash includes $ 56.2 million , $ 42.8 million and $ 45.7 million in assets of consolidated VIEs as of June 30, 2022 and 2021 and December 31, 2021 , respectively. (2) Investment in unconsolidated investee is included in “Other assets” in the consolidated balance sheets. Cash and cash equivalents and restricted cash bear interest at market rates and have maturities of less than 90 days. The carrying amount of restricted cash and cash equivalents approximates fair value. The Company measures the fair value of its investment in unconsolidated investee using Level 3 inputs. Because the unconsolidated investee is a private company and financial information is limited, the Company estimates the fair value based on the best available information at the measurement date. The Company measures the fair value of its revolving line of credit using Level 3 inputs. The Company considered the fair value of its other long-term debt and the timing of expected payment(s). The fair values of the Company’s Securitization Notes and senior notes are estimated based on quoted prices in markets that are not active, which are deemed Level 2 inputs.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	11. Subsequent Events Subsequent events have been reviewed through the date these financial statements were issued.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements of the Company reflect the historical results of operations and cash flows of the Company during each respective period. The consolidated financial statements include goodwill and intangible assets arising from businesses previously acquired. The financial information included herein may not be indicative of the consolidated financial position, operating results, changes in stockholders’ equity and cash flows of the Company in the future. Intercompany transactions are eliminated. The Company consolidates any variable interest entity (“VIE”) where it has been determined it is the primary beneficiary. The primary beneficiary is the entity which has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance as well as the obligation to absorb losses or receive benefits of the entity that could potentially be significant to the VIE. The consolidated financial statements presented as of June 30, 2022 and 2021 and for the three and six-month periods ended June 30, 2022 and 2021 are unaudited but, in management’s opinion, include all adjustments necessary for a fair presentation of the results for such interim periods. Operating results for the three and six-month periods are not necessarily indicative of the results that may be expected for the full fiscal year. These consolidated financial statements and related notes should be read in conjunction with the Company’s audited consolidated financial statements as of December 31, 2021 and 2020 and for the years ended December 31, 2021, 2020 and 2019 and related notes, which are included on Form 10-K filed with the SEC on February 28, 2022.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the consolidated balance sheets (in thousands): June 30, 2022 2021 Cash and cash equivalents $ 144,090 $ 394,353 Restricted cash 69,664 52,806 Total cash, cash equivalents and restricted cash $ 213,754 $ 447,159
Loans and Finance Receivables	Loans and Finance Receivables The Company utilizes the fair value option on its entire loan and finance receivable portfolio. As such, loans and finance receivables are carried at fair value in the consolidated balance sheet with changes in fair value recorded in the consolidated income statement. To derive the fair value, the Company generally utilizes discounted cash flow analyses that factor in estimated losses, prepayments, utilization rates and servicing costs over the estimated duration of the underlying assets. Loss, prepayment, utilization and servicing cost assumptions are determined using historical data and include appropriate consideration of recent trends and anticipated future performance. Future cash flows are discounted using a rate of return that the Company believes a market participant would require. Accrued and unpaid interest and fees are included in “Loans and finance receivables at fair value” in the consolidated balance sheets.
Current and Delinquent Loans and Finance Receivables	Current and Delinquent Loans and Finance Receivables The Company classifies its loans and finance receivables as either current or delinquent. Excluding OnDeck loans and finance receivables, when a customer does not make a scheduled payment as of the due date, that payment is considered delinquent, and the remainder of the receivable balance is considered current. If the customer does not make two consecutive payments, the entire account or loan is classified as delinquent and placed on a non-accrual status. For the OnDeck portfolio, a loan is considered to be delinquent when the scheduled payments are one day past due. Loans are placed in nonaccrual status and the accrual of interest income is stopped on loans that are delinquent and non-paying. Loans are returned to accrual status if they are brought to non-delinquent status or have performed in accordance with the contractual terms for a reasonable period of time and, in the Company’s judgment, will continue to make periodic principal and interest payments as scheduled. The Company allows for normal payment processing time before considering a loan delinquent but does not provide for any additional grace period. Where permitted by law and as long as a loan is not considered delinquent, a customer may choose to renew or extend the due date on certain installment loans. In order to renew or extend a single-pay loan, a customer must agree to pay the current finance charge for the right to make a later payment of the outstanding principal balance plus an additional finance charge. In order to renew an installment loan, the customer enters into a new installment loan contract and agrees to pay the principal balance and finance charge in accordance with the terms of the new loan contract. In response to the COVID-19 pandemic, the Company enhanced the forbearance options on its loan products, offering additional relief to impacted customers with features such as payment deferrals without the incurrence of additional finance charges or late fees. If a loan is deemed to be current and the customer makes a deferral or payment modification, the loan is still deemed to be current until the next scheduled payment is missed. The Company generally charges off loans and finance receivables between 60 and 65 days delinquent. If a loan or finance receivable is deemed uncollectible prior to this, it is charged off at that point. For the OnDeck portfolio, the Company generally charges off a loan when it is probable that it will be unable to collect all of the remaining principal payments, which is generally after 90 days of delinquency and 30 days of non-activity. Loans and finance receivables classified as delinquent generally have an age of one to 64 days from the date any portion of the receivable became delinquent, as defined above. Recoveries on loans and finance receivables that were previously charged off are generally recognized when collected or sold.
Goodwill	Goodwill Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. In accordance with Accounting Standards Codification (“ASC”) 350, Goodwill , the Company tests goodwill and intangible assets with an indefinite life for potential impairment annually as of October 1 and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value below its carrying amount. The Company first assesses qualitative factors to determine whether it is necessary to perform the quantitative goodwill impairment test. In assessing the qualitative factors, management considers relevant events and circumstances including but not limited to macroeconomic conditions, industry and market environment, overall financial performance of the Company, cash flow from operating activities, market capitalization and stock price. If the Company determines that the quantitative impairment test is required, management uses the income approach to complete its annual goodwill assessment. The income approach uses future cash flows and estimated terminal values for the Company that are discounted using a market participant perspective to determine the fair value, which is then compared to the carrying value to determine if there is impairment. The income approach includes assumptions about revenue growth rates, operating margins and terminal growth rates discounted by an estimated weighted-average cost of capital derived from other publicly-traded companies that are similar but not identical from an operational and economic standpoint.
Revenue Recognition	Revenue Recognition The Company recognizes revenue based on the financing products and services it offers and on loans it acquires. “Revenue” in the consolidated statements of income includes: interest income, finance charges, fees for services provided through the Company’s CSO programs (“CSO fees”), revenue on RPAs, service charges, draw fees, minimum billing fees, purchase fees, origination fees, late fees and non-sufficient funds fees as permitted by applicable laws and pursuant to the agreement with the customer. Interest is generally recognized on an effective yield basis over the contractual term of the loan on installment loans, the estimated outstanding period of the draw on line of credit accounts, or the projected delivery term on RPAs. CSO fees are recognized over the term of the loan. Late and nonsufficient funds fees are recognized when assessed to the customer.
Marketing Expenses	Marketing Expenses Marketing expenses consist of digital costs, lead purchase costs and offline marketing costs such as television and direct mail advertising. All marketing expenses are expensed as incurred.
Equity Method Investments	Equity Method Investments In the second quarter of 2022, the Company sold its remaining interest in On Deck Capital Canada Holdings, Inc. (“OnDeck Canada”), which resulted in a net loss of $ 4.4 million. Prior to this, the Company recorded its interest in OnDeck Canada under the equity method of accounting. As of June 30, 2021 and December 31, 2021, the carrying value of the Company’s investment in OnDeck Canada was $ 13.1 million and $ 13.7 million, respectively, which the Company has included in “Other assets” on the consolidated balance sheets. On February 24, 2021 the Company contributed the platform-as-service business assumed in the OnDeck acquisition to Linear Financial Technologies Holding LLC (“Linear”) in exchange for ownership units in that entity. The Company records its interest in Linear under the equity method of accounting. As of June 30, 2022 and 2021 and December 31, 2021, the carrying value of the Company’s investment in Linear was $ 16.7 million, $ 5.6 million and $ 5.6 million, respectively, which the Company has included in “Other assets” on the consolidated balance sheets. In December 2021, the Company sold a portion of its interest in On Deck Capital Australia PTY LTD (“OnDeck Australia"). Prior to this, the Company had consolidated the financial position and results of operations of OnDeck Australia under the voting interest model. The noncontrolling interest, which is presented as a separate component of consolidated equity, represented the minority owners’ proportionate share of the equity of the entity and was adjusted for the minority owners’ share of the earnings, losses, investments and distributions. Subsequent to the transaction, the Company owns a 20 % equity interest in OnDeck Australia and no longer has control over the entity; as such, the Company has deconsolidated OnDeck Australia from its financial statements and now records its interest under the equity method of accounting. As of June 30, 2022 and December 31, 2021, the carrying value of the Company’s investment in OnDeck Australia was $ 1.4 million and $ 1.8 million, respectively, which the Company has included in “Other assets” on the consolidated balance sheets. Equity method income has been included in “Equity method investment income” in the consolidated income statements.
Variable Interest Entities	Variable Interest Entities As part of the Company’s overall funding strategy and as part of its efforts to support its liquidity from varying sources, the Company has established a securitization program through several securitization facilities. The Company transfers certain loan receivables to VIEs, which issue notes backed by the underlying loan receivables and are serviced by another wholly-owned subsidiary of the Company. The cash flows from the loans held by the VIEs are used to repay obligations under the notes. The Company is required to evaluate the VIEs for consolidation. The Company has the ability to direct the activities of the VIEs that most significantly impact the economic performance of the entities as the servicer of the securitized loan receivables. Additionally, the Company has the right to receive residual payments, which expose it to potentially significant losses and returns. Accordingly, the Company determined it is the primary beneficiary of the VIEs and is required to consolidate them. The assets and liabilities related to the VIEs are included in the Company’s consolidated financial statements and are accounted for as secured borrowings.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the consolidated balance sheets (in thousands): June 30, 2022 2021 Cash and cash equivalents $ 144,090 $ 394,353 Restricted cash 69,664 52,806 Total cash, cash equivalents and restricted cash $ 213,754 $ 447,159

Loans and Finance Receivables (

Loans and Finance Receivables (Tables)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Schedule of Revenue Generated from Loans and Finance Receivables	Revenue generated from the Company’s loans and finance receivables for the three and six months ended June 30, 2022 and 2021 was as follows (dollars in thousands): Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Consumer loans and finance receivables revenue $ 253,043 $ 174,512 $ 501,590 $ 356,249 Small business loans and finance receivables revenue 149,909 85,561 282,503 161,121 Total loans and finance receivables revenue 402,952 260,073 784,093 517,370 Other 5,038 4,647 9,628 6,794 Total revenue $ 407,990 $ 264,720 $ 793,721 $ 524,164
Components of Company-owned Loans and Finance Receivables at Fair Value	The components of Company-owned loans and finance receivables at June 30, 2022 and 2021 and December 31, 2021 were as follows (dollars in thousands): As of June 30, 2022 Small Consumer Business Total Principal balance - accrual $ 842,351 $ 1,307,587 $ 2,149,938 Principal balance - non-accrual 94,250 56,468 150,718 Total principal balance 936,601 1,364,055 2,300,656 Loans and finance receivables at fair value - accrual 980,668 1,443,061 2,423,729 Loans and finance receivables at fair value - non-accrual 8,460 28,662 37,122 Loans and finance receivables at fair value 989,128 1,471,723 2,460,851 Difference between principal balance and fair value $ 52,527 $ 107,668 $ 160,195 As of June 30, 2021 Small Consumer Business Total Principal balance - accrual $ 551,489 $ 752,239 $ 1,303,728 Principal balance - non-accrual 33,598 29,554 63,152 Total principal balance 585,087 781,793 1,366,880 Loans and finance receivables at fair value - accrual 620,675 769,239 1,389,914 Loans and finance receivables at fair value - non-accrual 3,300 15,489 18,789 Loans and finance receivables at fair value $ 623,975 $ 784,728 $ 1,408,703 Difference between principal balance and fair value $ 38,888 $ 2,935 $ 41,823 As of December 31, 2021 Small Consumer Business Total Principal balance - accrual $ 799,678 $ 967,950 $ 1,767,628 Principal balance - non-accrual 68,073 42,725 110,798 Total principal balance 867,751 1,010,675 1,878,426 Loans and finance receivables at fair value - accrual 885,238 1,051,400 1,936,638 Loans and finance receivables at fair value - non-accrual 4,906 23,146 28,052 Loans and finance receivables at fair value $ 890,144 $ 1,074,546 $ 1,964,690 Difference between principal balance and fair value $ 22,393 $ 63,871 $ 86,264
Schedule of Changes in Fair Value of Company-owned Loans and Finance Receivables	Changes in the fair value of Company-owned loans and finance receivables during the three and six months ended June 30, 2022 and 2021 were as follows (dollars in thousands): Three Months Ended June 30, 2022 Small Consumer Business Total Balance at beginning of period $ 934,351 $ 1,297,533 $ 2,231,884 Originations or acquisitions 388,336 679,233 1,067,569 Interest and fees (1) 253,043 149,909 402,952 Repayments ( 452,651 ) ( 646,188 ) ( 1,098,839 ) Charge-offs, net (2) ( 134,524 ) ( 27,867 ) ( 162,391 ) Net change in fair value (2) 1,446 19,103 20,549 Effect of foreign currency translation ( 873 ) — ( 873 ) Balance at end of period $ 989,128 $ 1,471,723 $ 2,460,851 Three Months Ended June 30, 2021 Small Consumer Business Total Balance at beginning of period $ 581,398 $ 649,313 $ 1,230,711 Originations or acquisitions 261,363 400,699 662,062 Interest and fees (1) 174,512 85,561 260,073 Repayments ( 344,256 ) ( 395,251 ) ( 739,507 ) Charge-offs, net (2) ( 27,050 ) ( 5,102 ) ( 32,152 ) Net change in fair value (2) ( 22,657 ) 50,179 27,522 Effect of foreign currency translation 665 ( 671 ) ( 6 ) Balance at end of period $ 623,975 $ 784,728 $ 1,408,703 Six Months Ended June 30, 2022 Small Consumer Business Total Balance at beginning of period $ 890,144 $ 1,074,546 $ 1,964,690 Originations or acquisitions 751,145 1,337,974 2,089,119 Interest and fees (1) 501,590 282,503 784,093 Repayments ( 904,473 ) ( 1,215,674 ) ( 2,120,147 ) Charge-offs, net (2) ( 271,748 ) ( 48,727 ) ( 320,475 ) Net change in fair value (2) 21,903 41,101 63,004 Effect of foreign currency translation 567 — 567 Balance at end of period $ 989,128 $ 1,471,723 $ 2,460,851 Six Months Ended June 30, 2021 Small Consumer Business Total Balance at beginning of period $ 625,219 $ 616,287 $ 1,241,506 Originations or acquisitions 429,310 722,810 1,152,120 Interest and fees (1) 356,249 161,121 517,370 Repayments ( 711,331 ) ( 764,463 ) ( 1,475,794 ) Charge-offs, net (2) ( 63,458 ) ( 23,144 ) ( 86,602 ) Net change in fair value (2) ( 12,322 ) 73,216 60,894 Effect of foreign currency translation 308 ( 1,099 ) ( 791 ) Balance at end of period $ 623,975 $ 784,728 $ 1,408,703 (1) Included in “Revenue” in the consolidated statements of income. (2) Included in “Change in Fair Value” in the consolidated statements of income.

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Summary of Long-Term Debt Instruments and Balances Outstanding Including Maturity Date, Weighted Average Interest Rate and Borrowing Capacity	The Company’s long-term debt instruments and balances outstanding as of June 30, 2022 and 2021 and December 31, 2021, including maturity date, weighted average interest rate and borrowing capacity as of June 30, 2022, were as follows (dollars in thousands): Weighted Outstanding average Borrowing June 30, December 31, Maturity date interest rate (1) capacity 2022 2021 2021 Funding Debt: 2018-1 Securitization Facility March 2027 (2) 4.91 % $ 200,000 $ 150,000 $ 25,628 $ 72,706 2018-2 Securitization Facility July 2025 (3) 5.30 % 225,000 189,327 4,962 75,000 2018-A Securitization Notes May 2026 — — — 8,107 628 2019-A Securitization Notes June 2026 7.62 % 5,343 5,343 42,154 19,255 ODR 2021-1 Securitization Facility November 2024 (4) 1.18 % 200,000 107,000 — — ODR 2022-1 Securitization Facility June 2025 (5) 2.26 % 420,000 — — — RAOD Securitization Facility December 2023 (6) 3.63 % 236,842 202,632 — 101,000 ODAST III Securitization Notes May 2027 (7) 2.07 % 300,000 300,000 300,000 300,000 Other funding debt (8) Various — — — 32,996 — Total funding debt 3.42 % $ 1,587,185 $ 954,302 $ 413,847 $ 568,589 Corporate Debt: 8.50 % Senior Notes Due 2024 September 2024 8.50 % $ 250,000 $ 250,000 $ 250,000 $ 250,000 8.50 % Senior Notes Due 2025 September 2025 8.50 % 375,000 375,000 375,000 375,000 Revolving line of credit June 2026 5.50 % 440,000 (9) 269,000 — 200,000 Other corporate debt April 2022 — — — 795 — Total corporate debt 7.60 % $ 1,065,000 $ 894,000 $ 625,795 $ 825,000 Less: Long-term debt issuance costs $ ( 6,353 ) $ ( 9,001 ) $ ( 7,608 ) Less: Debt discounts ( 1,284 ) ( 2,153 ) ( 1,582 ) Total long-term debt $ 1,840,665 $ 1,028,488 $ 1,384,399 (1) The weighted average interest rate is determined based on the rates and principal balances on June 30, 2022 . It does not include the impact of the amortization of deferred loan origination costs or debt discounts. (2) The period during which new borrowings may be made under this facility expires in March 2025. (3) The period during which new borrowings may be made under this facility expires in July 2023. (4) The period during which new borrowings may be made under this facility expires in November 2023. (5) The period during which new borrowings may be made under this facility expires in June 2024. (6) The period during which new borrowings may be made under this facility expires in December 2022. (7) The period during which new borrowings may be made under this facility expires in April 2024. (8) These debt facilities supported the Company’s operations in Australia and were denominated in Australian dollars. In December 2021, the Company sold a portion of its interest in OnDeck Australia and, as a result, deconsolidated it, including its long-term debt balances, from the Company's consolidated financial statements. (9) The Company had outstanding letters of credit under the Revolving line of credit of $ 0.8 million, $ 0.5 million and $ 0.8 million as of June 30, 2022 and 2021 and December 31, 2021 , respectively.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Reconciliation of Numerators and Denominators of Basic and Diluted Earnings per Share Computations	The following table sets forth the reconciliation of numerators and denominators of basic and diluted earnings per share computations for the three and six months ended June 30, 2022 and 2021 (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Numerator: Net income $ 52,401 $ 80,177 $ 104,844 $ 156,097 Denominator: Total weighted average basic shares 32,497 36,801 32,933 36,457 Shares applicable to stock-based compensation 987 1,341 1,248 1,359 Total weighted average diluted shares 33,484 38,142 34,181 37,816 Earnings per common share: Earnings per common share – basic $ 1.61 $ 2.18 $ 3.18 $ 4.28 Earnings per common share – diluted $ 1.56 $ 2.10 $ 3.07 $ 4.13

Operating Segment Information (

Operating Segment Information (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Summary of Company's Revenue by Geographical Region	The following table presents the Company’s revenue by geographic region for the three and six months ended June 30, 2022 and 2021 (dollars in thousands): Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Revenue United States $ 404,538 $ 258,555 $ 786,694 $ 513,421 Other international countries 3,452 6,165 7,027 10,743 Total revenue $ 407,990 $ 264,720 $ 793,721 $ 524,164

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Assets and Liabilities Measured on Recurring Basis	The Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2022 and 2021 and December 31, 2021 are as follows (dollars in thousands): June 30, Fair Value Measurements Using 2022 Level 1 Level 2 Level 3 Financial assets: Consumer loans and finance receivables (1)(2) $ 989,128 $ — $ — $ 989,128 Small business loans and finance receivables (1)(2) 1,471,723 — — 1,471,723 Non-qualified savings plan assets (3) 5,567 5,567 — — Investment in trading security (4) 17,871 17,871 — — Total $ 2,484,289 $ 23,438 $ — $ 2,460,851 June 30, Fair Value Measurements Using 2021 Level 1 Level 2 Level 3 Financial assets: Consumer loans and finance receivables (1)(2) $ 623,975 $ — $ — $ 623,975 Small business loans and finance receivables (1)(2) 784,728 — — 784,728 Non-qualified savings plan assets (3) 5,156 5,156 — — Investment in trading security (4) 19,931 19,931 — — Total $ 1,433,790 $ 25,087 $ — $ 1,408,703 December 31, Fair Value Measurements Using 2021 Level 1 Level 2 Level 3 Financial assets: Consumer loans and finance receivables (1)(2) $ 890,144 $ — $ — $ 890,144 Small business loans and finance receivables (1)(2) 1,074,546 — — 1,074,546 Non-qualified savings plan assets (3) 5,561 5,561 — — Investment in trading security (4) 16,062 16,062 — — Total $ 1,986,313 $ 21,623 $ — $ 1,964,690 (1) Consumer and small business loans and finance receivables are included in “Loans and finance receivables at fair value” in the consolidated balance sheets. (2) Consumer loans and finance receivables include $ 435.6 million , $ 163.6 million and $ 274.5 million in assets of consolidated VIEs as of June 30, 2022 and 2021 and December 31, 2021, respectively. Small business loans and finance receivables include $ 758.5 million , $ 369.6 million and $ 470.8 million in assets of consolidated VIEs as of June 30, 2022 and 2021 and December 31, 2021 , respectively. (3) The non-qualified savings plan assets are included in “Other receivables and prepaid expenses” in the Company’s consolidated balance sheets and have an offsetting liability of equal amount, which is included in “Accounts payable and accrued expenses” in the Company’s consolidated balance sheets. (4) Investment in trading security is included in “Other assets” in the Company’s consolidated balance sheets.
Financial Assets and Liabilities Not Measured at Fair Value	The Company’s financial assets and liabilities as of June 30, 2022 and 2021 and December 31, 2021 that are not measured at fair value in the consolidated balance sheets are as follows (dollars in thousands): Balance at June 30, Fair Value Measurements Using 2022 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 144,090 $ 144,090 $ — $ — Restricted cash (1) 69,664 69,664 — — Investment in unconsolidated investee (2) 6,918 — — 6,918 Total $ 220,672 $ 213,754 $ — $ 6,918 Financial liabilities: Revolving line of credit $ 269,000 $ — $ — $ 269,000 Securitization notes 953,017 — 932,700 — 8.50 % senior notes due 2024 250,000 — 232,438 — 8.50 % senior notes due 2025 375,000 — 326,168 — Total $ 1,847,017 $ — $ 1,491,306 $ 269,000 Balance at June 30, Fair Value Measurements Using 2021 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 394,353 $ 394,353 $ — $ — Restricted cash (1) 52,806 52,806 — — Investment in unconsolidated investee (2) 6,918 — — 6,918 Total $ 454,077 $ 447,159 $ — $ 6,918 Financial liabilities: Securitization notes $ 411,694 $ — $ 416,251 $ — 8.50 % senior notes due 2024 250,000 — 254,305 — 8.50 % senior notes due 2025 375,000 — 388,620 — Other long-term debt 795 — — 795 Total $ 1,037,489 $ — $ 1,059,176 $ 795 Balance at December 31, Fair Value Measurements Using 2021 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 165,477 $ 165,477 $ — $ — Restricted cash (1) 60,406 60,406 — — Investment in unconsolidated investee (2) 6,918 — — 6,918 Total $ 232,801 $ 225,883 $ — $ 6,918 Financial liabilities: Revolving line of credit $ 200,000 $ — $ — $ 200,000 Securitization notes 567,007 — 567,903 — 8.50 % senior notes due 2024 250,000 — 254,693 — 8.50 % senior notes due 2025 375,000 — 386,348 — Total $ 1,392,007 $ — $ 1,208,944 $ 200,000 (1) Restricted cash includes $ 56.2 million , $ 42.8 million and $ 45.7 million in assets of consolidated VIEs as of June 30, 2022 and 2021 and December 31, 2021 , respectively. (2) Investment in unconsolidated investee is included in “Other assets” in the consolidated balance sheets.

Significant Accounting Polici_4

Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Significant Accounting Policies [Line Items]
Days for delinquent loans remaining principal payment		90 days
Non activity loans and finance receivables period		30 days
OnDeck Australia
Significant Accounting Policies [Line Items]
Equity interest percentage	20%	20%
OnDeck Canada
Significant Accounting Policies [Line Items]
Net loss on sale of equity method investments	$ (4.4)
Linear
Significant Accounting Policies [Line Items]
Carrying value of investment	16.7	$ 16.7	$ 5.6	$ 5.6
Other Assets | OnDeck Australia
Significant Accounting Policies [Line Items]
Carrying value of investment	$ 1.4	$ 1.4	1.8
Other Assets | OnDeck Canada
Significant Accounting Policies [Line Items]
Carrying value of investment			$ 13.7	$ 13.1
Minimum
Significant Accounting Policies [Line Items]
Days for delinquent loans to be charged off		60 days
Delinquent loans expiry period (in days)		1 day
Maximum
Significant Accounting Policies [Line Items]
Days for delinquent loans to be charged off		65 days
Delinquent loans expiry period (in days)		64 days

Significant Accounting Polici_5

Significant Accounting Policies - Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Cash and cash equivalents	$ 144,090	$ 165,477	$ 394,353
Restricted cash	69,664	60,406	52,806
Total cash, cash equivalents and restricted cash	$ 213,754	$ 225,883	$ 447,159	$ 369,200

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 19, 2021	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Business Acquisition [Line Items]
Goodwill		$ 279,275	$ 279,275	$ 279,275
Pangea Universal Holdings
Business Acquisition [Line Items]
Business acquisition, value of common stock and cash provided in exchange	$ 32,900
Cash paid	30,000
Loan forgiveness	2,900
Purchase Consideration, Intangible assets	19,800
Goodwill	$ 11,300

Loans and Finance Receivables -

Loans and Finance Receivables - Schedule of Revenue Generated from Loans and Finance Receivables (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accounts Notes And Loans Receivable [Line Items]
Total loans and finance receivables revenue	[1]	$ 402,952	$ 260,073	$ 784,093	$ 517,370
Other		5,038	4,647	9,628	6,794
Total revenue		407,990	264,720	793,721	524,164
Consumer Loans and Finance Receivables Revenue
Accounts Notes And Loans Receivable [Line Items]
Total loans and finance receivables revenue		253,043	174,512	501,590	356,249
Small Business Loans and Finance Receivables Revenue
Accounts Notes And Loans Receivable [Line Items]
Total loans and finance receivables revenue		$ 149,909	$ 85,561	$ 282,503	$ 161,121
[1] Included in “Revenue” in the consolidated statements of income.

Loans and Finance Receivables_2

Loans and Finance Receivables - Components of Company-owned Loans and Finance Receivables At Fair Value (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Accounts Notes And Loans Receivable [Line Items]
Principal balance - accrual	$ 2,149,938		$ 1,767,628	$ 1,303,728
Principal balance - non-accrual	150,718		110,798	63,152
Total principal balance	2,300,656		1,878,426	1,366,880
Loans and finance receivables at fair value - accrual	2,423,729		1,936,638	1,389,914
Loans and finance receivables at fair value - non-accrual	37,122		28,052	18,789
Loans and finance receivables at fair value	2,460,851	$ 2,231,884	1,964,690	1,408,703	$ 1,230,711	$ 1,241,506
Difference between principal balance and fair value	160,195		86,264	41,823
Consumer
Accounts Notes And Loans Receivable [Line Items]
Principal balance - accrual	842,351		799,678	551,489
Principal balance - non-accrual	94,250		68,073	33,598
Total principal balance	936,601		867,751	585,087
Loans and finance receivables at fair value - accrual	980,668		885,238	620,675
Loans and finance receivables at fair value - non-accrual	8,460		4,906	3,300
Loans and finance receivables at fair value	989,128	934,351	890,144	623,975	581,398	625,219
Difference between principal balance and fair value	52,527		22,393	38,888
Small Business
Accounts Notes And Loans Receivable [Line Items]
Principal balance - accrual	1,307,587		967,950	752,239
Principal balance - non-accrual	56,468		42,725	29,554
Total principal balance	1,364,055		1,010,675	781,793
Loans and finance receivables at fair value - accrual	1,443,061		1,051,400	769,239
Loans and finance receivables at fair value - non-accrual	28,662		23,146	15,489
Loans and finance receivables at fair value	1,471,723	$ 1,297,533	1,074,546	784,728	$ 649,313	$ 616,287
Difference between principal balance and fair value	$ 107,668		$ 63,871	$ (2,935)

Loans and Finance Receivables_3

Loans and Finance Receivables - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Accounts Notes And Loans Receivable [Line Items]
Active consumer loans owned by third-party lenders	$ 14	$ 13.8	$ 9.7
Accrual for losses on consumer loan guaranty obligations	17.9	18.8	10.8
Accrual for third party lender owned consumer loans, outstanding principal amount	11.9	11.8	8.3
Financial Asset, Equal to or Greater than 90 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Aggregate fair value of loans and finance receivables that are 90 days or more past due	5.5	6.4	7.5
Aggregate fair value of loans and finance receivables in non-accrual status	5.4	6.3	7.3
Aggregate unpaid principal balance for loans and finance receivables that are 90 days or more past due	$ 11.8	$ 12.4	$ 14.8

Loans and Finance Receivables_4

Loans and Finance Receivables - Schedule of Changes in Fair Value of Company-owned Loans and Finance Receivables (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accounts Notes And Loans Receivable [Line Items]
Balance at beginning of period		$ 2,231,884	$ 1,230,711	$ 1,964,690	$ 1,241,506
Originations or acquisitions		1,067,569	662,062	2,089,119	1,152,120
Interest and fees	[1]	402,952	260,073	784,093	517,370
Repayments		(1,098,839)	(739,507)	(2,120,147)	(1,475,794)
Charge-offs, net	[2]	(162,391)	(32,152)	(320,475)	(86,602)
Net change in fair value	[2]	(20,549)	27,522	63,004	60,894
Effect of foreign currency translation		(873)	(6)	567	(791)
Balance at end of period		2,460,851	1,408,703	2,460,851	1,408,703
Consumer
Accounts Notes And Loans Receivable [Line Items]
Balance at beginning of period		934,351	581,398	890,144	625,219
Originations or acquisitions		388,336	261,363	751,145	429,310
Interest and fees	[1]	253,043	174,512	501,590	356,249
Repayments		(452,651)	(344,256)	(904,473)	(711,331)
Charge-offs, net	[2]	(134,524)	(27,050)	(271,748)	(63,458)
Net change in fair value	[2]	1,446	(22,657)	21,903	(12,322)
Effect of foreign currency translation		(873)	665	567	308
Balance at end of period		989,128	623,975	989,128	623,975
Small Business
Accounts Notes And Loans Receivable [Line Items]
Balance at beginning of period		1,297,533	649,313	1,074,546	616,287
Originations or acquisitions		679,233	400,699	1,337,974	722,810
Interest and fees	[1]	149,909	85,561	282,503	161,121
Repayments		(646,188)	(395,251)	(1,215,674)	(764,463)
Charge-offs, net	[2]	(27,867)	(5,102)	(48,727)	(23,144)
Net change in fair value	[2]	19,103	50,179	41,101	73,216
Effect of foreign currency translation			(671)		(1,099)
Balance at end of period		$ 1,471,723	$ 784,728	$ 1,471,723	$ 784,728
[1] Included in “Revenue” in the consolidated statements of income. Included in “Change in Fair Value” in the consolidated statements of income.

Long-term Debt - Summary of Lon

Long-term Debt - Summary of Long-Term Debt Instruments and Balances Outstanding Including Maturity Date, Weighted Average Interest Rate and Borrowing Capacity (Detail) - USD ($)		6 Months Ended
		Jun. 30, 2022	Mar. 24, 2022	Mar. 23, 2022	Dec. 31, 2021	Jun. 30, 2021
Debt Instrument [Line Items]
Weighted average interest rate		5.84%				8.20%
Less: Long-term debt issuance costs		$ (6,353,000)			$ (7,608,000)	$ (9,001,000)
Less: Debt discounts		(1,284,000)			(1,582,000)	(2,153,000)
Total long-term debt		1,840,665,000			1,384,399,000	1,028,488,000
2018-1 Securitization Facility
Debt Instrument [Line Items]
Borrowing capacity			$ 200,000,000	$ 150,000,000
ODR 2022-1 Securitization Facility
Debt Instrument [Line Items]
Total debt, outstanding		$ 0
Funding Debt
Debt Instrument [Line Items]
Weighted average interest rate	[1]	3.42%
Borrowing capacity		$ 1,587,185,000
Total debt, outstanding		$ 954,302,000			568,589,000	413,847,000
Funding Debt | 2018-1 Securitization Facility
Debt Instrument [Line Items]
Maturity date	[2]	2027-03
Weighted average interest rate	[1]	4.91%
Borrowing capacity		$ 200,000,000
Total debt, outstanding		$ 150,000,000			72,706,000	25,628,000
Funding Debt | 2018-2 Securitization Facility
Debt Instrument [Line Items]
Maturity date	[3]	2025-07
Weighted average interest rate	[1]	5.30%
Borrowing capacity		$ 225,000,000
Total debt, outstanding		$ 189,327,000			75,000,000	4,962,000
Funding Debt | 2018-A Securitization Notes
Debt Instrument [Line Items]
Maturity date		2026-05
Total debt, outstanding					628,000	8,107,000
Funding Debt | 2019-A Securitization Notes
Debt Instrument [Line Items]
Maturity date		2026-06
Weighted average interest rate	[1]	7.62%
Borrowing capacity		$ 5,343,000
Total debt, outstanding		$ 5,343,000			19,255,000	42,154,000
Funding Debt | ODR 2021-1 Securitization Facility
Debt Instrument [Line Items]
Maturity date	[4]	2024-11
Weighted average interest rate	[1]	1.18%
Borrowing capacity		$ 200,000,000
Total debt, outstanding		$ 107,000,000
Funding Debt | ODR 2022-1 Securitization Facility
Debt Instrument [Line Items]
Maturity date	[5]	2025-06
Weighted average interest rate	[5]	2.26%
Borrowing capacity	[5]	$ 420,000,000
Funding Debt | RAOD Securitization Facility
Debt Instrument [Line Items]
Maturity date	[6]	2023-12
Weighted average interest rate	[1]	3.63%
Borrowing capacity		$ 236,842,000
Total debt, outstanding		$ 202,632,000			101,000,000
Funding Debt | ODAST III Securitization Notes
Debt Instrument [Line Items]
Maturity date	[7]	2027-05
Weighted average interest rate	[1]	2.07%
Borrowing capacity		$ 300,000,000
Total debt, outstanding		$ 300,000,000			300,000,000	300,000,000
Funding Debt | Other Funding Debt
Debt Instrument [Line Items]
Total debt, outstanding	[8]					32,996,000
Corporate Debt
Debt Instrument [Line Items]
Weighted average interest rate	[1]	7.60%
Borrowing capacity		$ 1,065,000,000
Total corporate debt		$ 894,000,000			825,000,000	625,795,000
Corporate Debt | Revolving Line of Credit
Debt Instrument [Line Items]
Maturity date		2026-06
Weighted average interest rate	[1]	5.50%
Borrowing capacity	[9]	$ 440,000,000
Revolving line of credit		$ 269,000,000			200,000,000
Corporate Debt | 8.50% Senior Notes Due 2024
Debt Instrument [Line Items]
Maturity date		2024-09
Weighted average interest rate	[1]	8.50%
Borrowing capacity		$ 250,000,000
Senior Notes		$ 250,000,000			250,000,000	250,000,000
Corporate Debt | 8.50% Senior Notes Due 2025
Debt Instrument [Line Items]
Maturity date		2025-09
Weighted average interest rate	[1]	8.50%
Borrowing capacity		$ 375,000,000
Senior Notes		$ 375,000,000			$ 375,000,000	375,000,000
Corporate Debt | Other corporate debt
Debt Instrument [Line Items]
Maturity date		2022-04
Total debt, outstanding						$ 795,000
[1] The weighted average interest rate is determined based on the rates and principal balances on June 30, 2022 . It does not include the impact of the amortization of deferred loan origination costs or debt discounts. The period during which new borrowings may be made under this facility expires in March 2025. The period during which new borrowings may be made under this facility expires in July 2023. The period during which new borrowings may be made under this facility expires in November 2023. The period during which new borrowings may be made under this facility expires in June 2024. The period during which new borrowings may be made under this facility expires in December 2022. The period during which new borrowings may be made under this facility expires in April 2024. These debt facilities supported the Company’s operations in Australia and were denominated in Australian dollars. In December 2021, the Company sold a portion of its interest in OnDeck Australia and, as a result, deconsolidated it, including its long-term debt balances, from the Company's consolidated financial statements. The Company had outstanding letters of credit under the Revolving line of credit of $ 0.8 million, $ 0.5 million and $ 0.8 million as of June 30, 2022 and 2021 and December 31, 2021 , respectively.

Long-term Debt - Summary of L_2

Long-term Debt - Summary of Long-Term Debt Instruments and Balances Outstanding Including Maturity Date, Weighted Average Interest Rate and Borrowing Capacity (Parenthetical) (Detail) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Revolving Credit Facility
Debt Instrument [Line Items]
Letters of credit outstanding amount			$ 0.8	$ 0.8	$ 0.5
8.50% Senior Notes Due 2024
Debt Instrument [Line Items]
Debt instrument, interest rate	8.50%	8.50%	8.50%
Debt instrument, maturity period	2024	2024	2024
8.50% Senior Notes Due 2025
Debt Instrument [Line Items]
Debt instrument, interest rate	8.50%	8.50%	8.50%
Debt instrument, maturity period	2025	2025	2025

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Detail) - USD ($)			6 Months Ended
	Mar. 24, 2022	Mar. 23, 2022	Jun. 30, 2022	Jun. 23, 2022	Mar. 29, 2022	Mar. 28, 2022	Mar. 18, 2022	Mar. 17, 2022	Mar. 14, 2022	Mar. 13, 2022	Jun. 30, 2021
Debt Instrument [Line Items]
Weighted average interest rates			5.84%								8.20%
2018-1 Securitization Facility
Debt Instrument [Line Items]
Debt instrument, revolving expiration date	Mar. 24, 2027	Sep. 15, 2026
Commitment amount	$ 200,000,000	$ 150,000,000
2018-2 Securitization Facility | Class A Revolving Loan
Debt Instrument [Line Items]
Commitment amount									$ 200,000,000	$ 133,300,000
2018-2 Securitization Facility | Class B Revolving Loan
Debt Instrument [Line Items]
Commitment amount									$ 25,000,000	$ 16,700,000
RAOD Securitization Facility | On Deck Capital Incorporation | Class A Revolving Loan
Debt Instrument [Line Items]
Commitment amount							$ 200,000,000	$ 150,000,000
RAOD Securitization Facility | On Deck Capital Incorporation | Class B Revolving Loan
Debt Instrument [Line Items]
Commitment amount							$ 36,800,000	$ 27,600,000
ODR 2021-1 Securitization Facility | On Deck Capital Incorporation
Debt Instrument [Line Items]
Commitment amount					$ 200,000,000	$ 150,000,000
ODR 2022-1 Securitization Facility
Debt Instrument [Line Items]
Principal outstanding			$ 0
ODR 2022-1 Securitization Facility | Class A Revolving Loan
Debt Instrument [Line Items]
Advance rate			75%
Commitment amount			$ 350,000,000
Debt instrument, borrowing rate			1.75%
ODR 2022-1 Securitization Facility | Class B Revolving Loan
Debt Instrument [Line Items]
Advance rate			90%
Commitment amount			$ 70,000,000
Debt instrument, borrowing rate			7.50%
Revolving Credit Facility Due 2026
Debt Instrument [Line Items]
Debt instrument, borrowing rate			0.75%
Letter of credit, sublimit				$ 20,000,000
Swingline loan, amount				10,000,000
Credit agreement, maturity date			Jun. 30, 2026
Revolving Credit Facility Due 2026 | Secured Overnight Financing Rate
Debt Instrument [Line Items]
Debt instrument, borrowing rate			3.50%
Line of credit facility, advance rate			75%
Revolving Credit Facility Due 2026 | Maximum
Debt Instrument [Line Items]
Revolving line of credit				$ 440,000,000
Line of credit facility, advance rate			0.50%
Revolving Credit Facility Due 2026 | Minimum
Debt Instrument [Line Items]
Line of credit facility, advance rate			0.15%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Tax Contingency [Line Items]
Effective tax rate	24.10%	24.60%
Unrecognized tax benefits	$ 64.7	$ 39.1	$ 44.1
Unrecognized tax benefits that would affect the effective tax rate	$ 10.4
State Local And Foreign Jurisdiction Tax Authority
Income Tax Contingency [Line Items]
Statute of limitation period	3 years

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Reconciliation of Numerators and Denominators of Basic and Diluted Earnings per Share Computations (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net income attributable to Enova International, Inc.	$ 52,401	$ 80,177	$ 104,844	$ 156,097
Denominator:
Total weighted average basic shares	32,497	36,801	32,933	36,457
Shares applicable to stock-based compensation	987	1,341	1,248	1,359
Total weighted average diluted shares	33,484	38,142	34,181	37,816
Earnings per common share:
Earnings per common share - basic	$ 1.61	$ 2.18	$ 3.18	$ 4.28
Earnings per common share - diluted	$ 1.56	$ 2.10	$ 3.07	$ 4.13

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options not included in computation of diluted earnings per share	325,560	20,945	275,489	20,945
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options not included in computation of diluted earnings per share	486,073	34,601	385,980	57,324

Operating Segment Information -

Operating Segment Information - Additional Information (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($) Segment	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)
Segment Reporting [Abstract]
Number of reportable segment	1
Number of operating segment	1
Property and equipment, net | $	$ 88,648	$ 78,402	$ 80,430

Operating Segment Information_2

Operating Segment Information - Summary of Company's Revenue by Geographical Region (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue [Abstract]
Revenue	$ 407,990	$ 264,720	$ 793,721	$ 524,164
United States
Revenue [Abstract]
Revenue	404,538	258,555	786,694	513,421
Other International Countries
Revenue [Abstract]
Revenue	$ 3,452	$ 6,165	$ 7,027	$ 10,743

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Revenue	$ 407,990,000	$ 264,720,000	$ 793,721,000	$ 524,164,000
U.K. Business
Related Party Transaction [Line Items]
Agreement, Expiry date			July 8, 2022
Revenue	200,000	900,000	$ 400,000	1,600,000
Administrative fee due	100,000	2,100,000	100,000	2,100,000	$ 500,000
OnDeck Canada
Related Party Transaction [Line Items]
Due from affiliate balance	0	1,200,000	0	1,200,000	1,200,000
Ondeck Australia
Related Party Transaction [Line Items]
Due from affiliate balance	100,000		100,000
Linear
Related Party Transaction [Line Items]
Due to affiliate balance		$ 800,000		$ 800,000	$ 2,900,000
Outstanding balance from affiliates	$ 0		$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Transfer of assets, amount	$ 0	$ 0	$ 0	$ 0
Transfer of liabilities, amount	0	0	$ 0	0
Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash and cash equivalent maturity period			90 days
Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities fair value recurring	0	0	$ 0	0	$ 0
Fair Value Measurements Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities fair value recurring	0	0	0	0	0
Assets fair value non-recurring	$ 0	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Assets and Liabilities Measured on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands		Jun. 30, 2022		Dec. 31, 2021		Jun. 30, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Consumer loans and finance receivables	[1],[2]	$ 989,128		$ 890,144		$ 623,975
Small business loans and finance receivables	[1]	1,471,723	[2]	1,074,546	[2]	784,728
Non-qualified savings plan assets	[3]	5,567		5,561		5,156
Investment in trading security	[4]	17,871		16,062		19,931
Total		2,484,289		1,986,313		1,433,790
Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Non-qualified savings plan assets	[3]	5,567		5,561		5,156
Investment in trading security	[4]	17,871		16,062		19,931
Total		23,438		21,623		25,087
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Consumer loans and finance receivables	[1],[2]	989,128		890,144		623,975
Small business loans and finance receivables	[1]	1,471,723	[2]	1,074,546	[2]	784,728
Total		$ 2,460,851		$ 1,964,690		$ 1,408,703
[1] Consumer and small business loans and finance receivables are included in “Loans and finance receivables at fair value” in the consolidated balance sheets. Consumer loans and finance receivables include $ 435.6 million , $ 163.6 million and $ 274.5 million in assets of consolidated VIEs as of June 30, 2022 and 2021 and December 31, 2021, respectively. Small business loans and finance receivables include $ 758.5 million , $ 369.6 million and $ 470.8 million in assets of consolidated VIEs as of June 30, 2022 and 2021 and December 31, 2021 , respectively. The non-qualified savings plan assets are included in “Other receivables and prepaid expenses” in the Company’s consolidated balance sheets and have an offsetting liability of equal amount, which is included in “Accounts payable and accrued expenses” in the Company’s consolidated balance sheets. Investment in trading security is included in “Other assets” in the Company’s consolidated balance sheets.

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Measured on Recurring Basis (Parenthetical) (Detail) - Variable Interest Entity, Primary Beneficiary - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Consumer loans and finance receivables	$ 435.6	$ 274.5	$ 163.6
Small business loans and finance receivables	$ 758.5	$ 470.8	$ 369.6

Fair Value Measurements - Fin_2

Fair Value Measurements - Financial Assets and Liabilities Not Measured at Fair Value (Detail) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021
Carrying Value
Financial assets:
Cash and cash equivalents		$ 144,090	$ 165,477	$ 394,353
Restricted cash	[1]	69,664	60,406	52,806
Investment in unconsolidated investee	[2]	6,918	6,918	6,918
Total		220,672	232,801	454,077
Financial liabilities:
Revolving line of credit		269,000	200,000
Securitization notes		953,017	567,007	411,694
Other long-term debt				795
Total		1,847,017	1,392,007	1,037,489
Carrying Value | 8.50% Senior Notes Due 2024
Financial liabilities:
Senior notes		250,000	250,000	250,000
Carrying Value | 8.50% Senior Notes Due 2025
Financial liabilities:
Senior notes		375,000	375,000	375,000
Level 1 | Estimated Fair Value
Financial assets:
Cash and cash equivalents		144,090	165,477		$ 394,353
Restricted cash	[1]	69,664	60,406	52,806
Total		213,754	225,883	447,159
Level 2 | Estimated Fair Value
Financial liabilities:
Securitization notes		932,700	567,903	416,251
Total		1,491,306	1,208,944	1,059,176
Level 2 | Estimated Fair Value | 8.50% Senior Notes Due 2024
Financial liabilities:
Senior notes		232,438	254,693	254,305
Level 2 | Estimated Fair Value | 8.50% Senior Notes Due 2025
Financial liabilities:
Senior notes		326,168	386,348	388,620
Level 3 | Estimated Fair Value
Financial assets:
Investment in unconsolidated investee	[2]	6,918	6,918	6,918
Total		6,918	6,918	6,918
Financial liabilities:
Revolving line of credit		269,000	200,000
Other long-term debt				795
Total		$ 269,000	$ 200,000	$ 795
[1] Restricted cash includes $ 56.2 million , $ 42.8 million and $ 45.7 million in assets of consolidated VIEs as of June 30, 2022 and 2021 and December 31, 2021 , respectively. Investment in unconsolidated investee is included in “Other assets” in the consolidated balance sheets.

Fair Value Measurements - Fin_3

Fair Value Measurements - Financial Assets and Liabilities Not Measured at Fair Value (Parenthetical) (Detail) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Variable Interest Entity, Primary Beneficiary
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Restricted cash	$ 56.2	$ 42.8	$ 45.7
8.50% Senior Notes Due 2024
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument, interest rate	8.50%	8.50%	8.50%
Debt instrument, maturity period	2024	2024	2024
8.50% Senior Notes Due 2025
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument, interest rate	8.50%	8.50%	8.50%
Debt instrument, maturity period	2025	2025	2025