David, afternoon, you, good and everyone. Thank
we credit diversified offerings, risk As David in financial marketing management quarter learning powered another consumer noted and demand delivered line of capabilities with us unit allowed his meet and solid attractive bottom as machine performance than remarks, expected to stronger our product effective economics. top
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quarter charge-offs loan percentage the from quarter, during and quarter of and the quarters X.X% from of company of XXXX, in and average of total First, XX.X% XXXX, finance last net X.X%, ratio first below X.X% but the pre-pandemic XX.X% as up the still and a up rate for receivables respectively. first the combined of well XXXX first was
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future Our depend and expectation upon and of growth. margin the in ratio future timing net mix originations degree and of the will speed the revenue timing, normalization
turning to Now expenses.
Marketing $XXX for stronger the in were demand or first this to $XXX Our strong continued reflect first or and operating as of of costs. revenue operating compared including quarter million during fixed marketing expenses that quarter, of expected customer to programs drove than scaling demand, revenue quarter higher the million marketing our XX% the revenue expenses million cost from as well quarter XX% of new of million XX% customers of XX% marketing capture with reflects the XXXX. than originations Total of the effectiveness economics. of $XX compared or first strong the to especially level in quarter totaled revenue customer expected expenses of marketing stronger XXXX. spend unit our or The $XX
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XX% quarter of upon Looking forward, million new from XX% depend approximately periods a the marketing in quarter, to especially expenses higher or later percentage during we the demand of originations be expect next $XX of XXXX. and of the revenue for the in or compared seasonal Operations technology as to slightly growth revenue but revenue $XX XX% and of first customers. higher will first million totaled expenses quarter year,
Given the and XX% are receivables this and an should sequential XX% significant X% for category, quarter expense variable revenue. costs environment O&T first expenses in component originations million and General between first of totaled in increases be XX% expected million of range where growing administrative in $XX or of to XXXX. revenue $XX of quarter of compared the and should revenue or the
of revenue. expenses Excluding would have a approximately one-time costs, personnel-related totaled reduction G&A to XX%
to as While expect XXXX quarter-to-quarter, expenses variations through from percentage as as trim we there a XX%, maybe below we these and move slight scale expenses, G&A growth. of revenue, with
quarter, is to stock-based Our compensation compares which expense of quarter $X.X first in million in the the first million XXXX. $X.X
stock-based We forward. per expect should expense approximate $X.X normalized million compensation quarter going
decrease Our primarily the rate XXXX. which stock-based for quarter, the of first increased compensation quarter XX% effective deductions. was from decreased first in The resulted tax XX% from
XX-month last diluted million there and diluted in quarter share tax the $X.XX earnings XX% the While compared we slight in of expect variations effective range. recognized maybe our be of the XX% quarter quarter XX% committed adjusted per non-GAAP shareholder year-ago. share $XXX $XX additional marketable million $X.X compared cash using available of trailing had The of was We quarter capacity million million an and unrestricted $XXX with a facilities. to during or equity first on securities, billion in and $XXX average cash the earnings ended year. prior to from measure normalized per share We to the per rate first or of diluted quarter-to-quarter, including adjusted mid-to-upper $X.XX and $X.XX return
of facilities. debt the at includes balance quarter outstanding under end million Our the committed $XXX
each facilities. of same During four our funding to our reflects partnerships committed credit increase small securitization added the at our across consumer attractive the well as The capacity of of the bank facilities ability $XXX with terms lenders business the our million existing March, as strength solid our we additional capacity in performance of existing of and warehouse all portfolio.
first of utilized. to quarter our on X.X%, And cost for was the first X.X% our of end at the versus Demonstrating cost depending funds first from facility of million. of relative XX, X.X% program. confidence Our under $XX for shares approximately acquired strength funds of business a XXXX. the ranged million million X.X% the quarter the during the quarter, share continued March at to of At approximately our current the our had first million $XX $XXX quarter, we our X.X remaining cost repurchase and we valuation, marginal
the in the give receivables, through meaningful continue Our To XX% and flexibility over our liquidity net expect margin continued the and customer ample outlook, value our solid deliver growth long-term both normalize to sheet XX% share commitment and profitable to to range balance with in drive revenue to on we to time. next and and us meaningful, range sustainable and and shareholder demand strong between originations XX% investments of to XX% quarter summarize to repurchases growth. our business in
of revenue In of as higher to later the addition, we approximately year. demand higher next XX% seasonal revenue expect quarter, marketing percentage slightly expenses be a periods during of of and in
We cost growth. also of a in benefit happy to powered sheet positioned credit with expected effectively of continue receivables solid we'd us take should with risk. fixed our increases EPS and Operator? of be of depend diversified mix remain team margin, also your talented while timing any growth. to learning and costs resilient, expected product machine continued EBITDA environment, to funds and in that online-only questions. quarterly upon any nimble direct the the XXXX offerings, model, the in the to growth, declining demonstrated has EPS should growth share adjusted second operating anticipate trends to profitable The resume normalization lower to managing XXXX. adapt a originations continued drive in from solid scaling the ability leveraging well will year-over-year changes count our of timing, these in range. degree These speed our Adjusted and expectations mid-XX% risk management to business our and margins lead portfolio balance We that, with adjusted confident capabilities, And half EBITDA of by
