Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income and revenues:        
Income from purchased receivables under the EIR method $ 6,962,000 $ 5,423,000 $ 19,039,000 $ 9,985,000
Income from purchased receivables under the cost recovery method 1,857,000 1,040,000 9,125,000 1,910,000
Revenue from contracts with customers 225,000 25,000 9,250,000 6,050,000
Revenue recognized under units-of-revenue method 307,000 709,000 978,000 1,828,000
Total income and revenues 9,351,000 7,197,000 38,392,000 19,773,000
Operating expenses:        
Research and development 69,000 817,000 1,431,000 2,011,000
General and administrative 9,734,000 8,020,000 25,682,000 27,485,000
Credit losses on purchased receivables   14,000,000   23,000,000
Amortization of intangible assets 878,000   2,077,000  
Total operating expenses 10,681,000 22,837,000 29,190,000 52,496,000
Income (loss) from operations (1,330,000) (15,640,000) 9,202,000 (32,723,000)
Other (expense) income, net:        
Gains on acquisitions 18,004,000   18,004,000 19,316,000
Change in fair value of embedded derivative related to RPA       8,100,000
Interest expense (3,301,000) (3,493,000) (10,004,000) (10,446,000)
Other income, net 727,000 1,890,000 8,456,000 5,900,000
Net income (loss) before tax 14,100,000 (17,243,000) 25,658,000 (9,853,000)
Income tax expense (49,000)   (49,000)  
Net income (loss) 14,051,000 (17,243,000) 25,609,000 (9,853,000)
Net income (loss) available to (attributable to) common stockholders, basic 8,981,000 (18,611,000) 15,192,000 (13,957,000)
Net income (loss) available to (attributable to) common stockholders, diluted $ 12,683,000 $ (18,611,000) $ 21,505,000 $ (13,957,000)
Net income (loss) per share available to (attributable to) common stockholders, basic (in dollars per share) $ 0.74 $ (1.59) $ 1.26 $ (1.2)
Net income (loss) per share available to (attributable to) common stockholders, diluted (in dollars per share) $ 0.7 $ (1.59) $ 1.2 $ (1.2)
Weighted-average shares used in computing net income (loss) per share available to (attributable to) common stockholders, basic (in shares) 12,137 11,712 12,038 11,645
Weighted-average shares used in computing net income (loss) per share available to (attributable to) common stockholders, diluted (in shares) 18,141 11,712 17,932 11,645