What changed: r4 to r5
Added monthly-volume informed scenarios, product contribution and separate operating/investing loan cash.
Retrieval clocks and internal hashes are excluded. Changed source or accounting definitions are not automatically an economic restatement. The authored reason describes the destination revision.
| Field | Before | After |
|---|---|---|
| /business/description | Upstart is the leading artificial intelligence (“AI”) lending marketplace. We aim to radically reduce the cost and complexity of borrowing for all Americans by using our proprietary AI models to remake the entire lending process. Founded in 2012, Upstart’s marketplace supports unsecured and secured credit products, such as personal loans, auto loans, and home equity lines of credit (“HELOCs”). Long-term, our vision is to become the always-on, everything-store for credit, where we can automatically approve borrowers at the right prices – instantly and effortlessly. We’re dedicated to providing the best rates and the best process to all consumers. Throughout history, affordable credit has been central to unlocking mobility and opportunity. The FICO score was invented in 1989 and remains the standard for determining who is approved for credit and at what interest rate. While FICO is rarely the only input in a lending decision, most lenders use simple rules-based systems. | Upstart earns referral, platform, servicing and loan-sale fees from a lending marketplace while retaining some credit and funding exposure on its balance sheet. Origination activity and product contribution determine fee profit; fair values, loan settlement and financing determine retained cash. |
| /business/drivers/0 | Founded in 2012, Upstart’s marketplace supports unsecured and secured credit products, such as personal loans, auto loans, and home equity lines of credit. | Originations, mixed fee realization and secured-product contribution |
| /business/drivers/1 | Our revenue consists primarily of fees paid by lending partners and institutional investors. | Credit performance and loan funding availability |
| /business/drivers/2 | In the year ended December 31, 2025, our top three lending partners collectively originated 83% of the loans facilitated through our marketplace and revenue. | HFS settlement, investing assets and debt repayment |
| /estimates/basis | not yet estimated | Desk base scenario from the operating model; not consensus. Revenue basis: Total revenue ($M). |
| /estimates/rows/2026Q3/as_of | None | 2026-09-19 |
| /estimates/rows/2026Q3/basis | None | Desk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /estimates/rows/2026Q3/class | None | estimate |
| /estimates/rows/2026Q3/period | None | 2026Q3 |
| /estimates/rows/2026Q3/revenue | None | 354000000.00000006 |
| /estimates/rows/2026Q4/as_of | None | 2026-09-19 |
| /estimates/rows/2026Q4/basis | None | Desk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /estimates/rows/2026Q4/class | None | estimate |
| /estimates/rows/2026Q4/period | None | 2026Q4 |
| /estimates/rows/2026Q4/revenue | None | 373078000.00000006 |
| /estimates/rows/2027Q1/as_of | None | 2026-09-19 |
| /estimates/rows/2027Q1/basis | None | Desk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /estimates/rows/2027Q1/class | None | estimate |
| /estimates/rows/2027Q1/period | None | 2027Q1 |
| /estimates/rows/2027Q1/revenue | None | 383000000.0 |
| /estimates/rows/2027Q2/as_of | None | 2026-09-19 |
| /estimates/rows/2027Q2/basis | None | Desk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /estimates/rows/2027Q2/class | None | estimate |
| /estimates/rows/2027Q2/period | None | 2027Q2 |
| /estimates/rows/2027Q2/revenue | None | 420000000.0 |
| /meta/business_authored | False | True |
| /meta/extract_accession | 0001647639-26-000027 | None |
| /meta/extract_filed | 2026-02-10 | None |
| /meta/extract_form | 10-K | None |
| /meta/extract_source | filing | authored |
| /meta/extract_url | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm | None |
| /meta/research_reviewed_at | None | 2026-09-19 |
| /meta/research_stage | None | operating_scenarios |
| /meta/revision | 4 | 5 |
| /meta/skeleton | True | False |
| /operating_model/cells/august_note:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/august_note:shared/case | None | shared |
| /operating_model/cells/august_note:shared/id | None | august_note |
| /operating_model/cells/august_note:shared/kind | None | reported |
| /operating_model/cells/august_note:shared/label | None | august note |
| /operating_model/cells/august_note:shared/period | None | June 2026 |
| /operating_model/cells/august_note:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/august_note:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/august_note:shared/unit | None | USD_millions |
| /operating_model/cells/august_note:shared/value | None | 66.544 |
| /operating_model/cells/august_volume:shared/basis | None | Preliminary company originations; USD millions, not revenue. |
| /operating_model/cells/august_volume:shared/case | None | shared |
| /operating_model/cells/august_volume:shared/id | None | august_volume |
| /operating_model/cells/august_volume:shared/kind | None | reported |
| /operating_model/cells/august_volume:shared/label | None | August facilitated principal |
| /operating_model/cells/august_volume:shared/period | None | August 2026 |
| /operating_model/cells/august_volume:shared/source_date | None | 2026-09-03 |
| /operating_model/cells/august_volume:shared/source_url | None | https://ir.upstart.com/news-releases/news-release-details/upstart-publishes-august-2026-originations-and-latest-umi |
| /operating_model/cells/august_volume:shared/unit | None | USD_millions |
| /operating_model/cells/august_volume:shared/value | None | 1342.1 |
| /operating_model/cells/base_2026q3_activity:base/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/base_2026q3_activity:base/case | None | base |
| /operating_model/cells/base_2026q3_activity:base/formula/op | None | divide |
| /operating_model/cells/base_2026q3_activity:base/formula/refs/0 | None | base_2026q3_volume |
| /operating_model/cells/base_2026q3_activity:base/formula/refs/1 | None | q2_volume |
| /operating_model/cells/base_2026q3_activity:base/id | None | base_2026q3_activity |
| /operating_model/cells/base_2026q3_activity:base/kind | None | derived |
| /operating_model/cells/base_2026q3_activity:base/label | None | Activity versus Q2 |
| /operating_model/cells/base_2026q3_activity:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_activity:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_activity:base/value | None | 0.9674311963500911 |
| /operating_model/cells/base_2026q3_adj_ebitda:base/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/base_2026q3_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_2026q3_adj_ebitda:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_adj_ebitda:base/formula/refs/0 | None | base_2026q3_contribution_plus_balance |
| /operating_model/cells/base_2026q3_adj_ebitda:base/formula/refs/1 | None | base_2026q3_fixed_adjusted_cost |
| /operating_model/cells/base_2026q3_adj_ebitda:base/id | None | base_2026q3_adj_ebitda |
| /operating_model/cells/base_2026q3_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_2026q3_adj_ebitda:base/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/base_2026q3_adj_ebitda:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_adj_ebitda:base/value | None | 85.00000000000004 |
| /operating_model/cells/base_2026q3_asset_cash:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_asset_cash:base/case | None | base |
| /operating_model/cells/base_2026q3_asset_cash:base/id | None | base_2026q3_asset_cash |
| /operating_model/cells/base_2026q3_asset_cash:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_asset_cash:base/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/base_2026q3_asset_cash:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_asset_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_asset_cash:base/value | None | 30.0 |
| /operating_model/cells/base_2026q3_available_cash:base/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/base_2026q3_available_cash:base/case | None | base |
| /operating_model/cells/base_2026q3_available_cash:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_available_cash:base/formula/refs/0 | None | base_2026q3_cfo |
| /operating_model/cells/base_2026q3_available_cash:base/formula/refs/1 | None | base_2026q3_asset_cash |
| /operating_model/cells/base_2026q3_available_cash:base/id | None | base_2026q3_available_cash |
| /operating_model/cells/base_2026q3_available_cash:base/kind | None | derived |
| /operating_model/cells/base_2026q3_available_cash:base/label | None | CFO plus asset receipts |
| /operating_model/cells/base_2026q3_available_cash:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_available_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_available_cash:base/value | None | 18.000000000000043 |
| /operating_model/cells/base_2026q3_balance_cost:base/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/base_2026q3_balance_cost:base/case | None | base |
| /operating_model/cells/base_2026q3_balance_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_balance_cost:base/formula/refs/0 | None | base_2026q3_funding_interest |
| /operating_model/cells/base_2026q3_balance_cost:base/formula/refs/1 | None | base_2026q3_fair_value_loss |
| /operating_model/cells/base_2026q3_balance_cost:base/id | None | base_2026q3_balance_cost |
| /operating_model/cells/base_2026q3_balance_cost:base/kind | None | derived |
| /operating_model/cells/base_2026q3_balance_cost:base/label | None | Funding and fair-value costs |
| /operating_model/cells/base_2026q3_balance_cost:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_balance_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_balance_cost:base/value | None | 34.0 |
| /operating_model/cells/base_2026q3_buybacks:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_buybacks:base/case | None | base |
| /operating_model/cells/base_2026q3_buybacks:base/id | None | base_2026q3_buybacks |
| /operating_model/cells/base_2026q3_buybacks:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_buybacks:base/label | None | Optional repurchases |
| /operating_model/cells/base_2026q3_buybacks:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_buybacks:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_buybacks:base/value | None | 0.0 |
| /operating_model/cells/base_2026q3_capex:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_capex:base/case | None | base |
| /operating_model/cells/base_2026q3_capex:base/id | None | base_2026q3_capex |
| /operating_model/cells/base_2026q3_capex:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_capex:base/label | None | Cash PP&E and software |
| /operating_model/cells/base_2026q3_capex:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_capex:base/value | None | 8.0 |
| /operating_model/cells/base_2026q3_cash_after_claims:base/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/base_2026q3_cash_after_claims:base/case | None | base |
| /operating_model/cells/base_2026q3_cash_after_claims:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_cash_after_claims:base/formula/refs/0 | None | base_2026q3_available_cash |
| /operating_model/cells/base_2026q3_cash_after_claims:base/formula/refs/1 | None | base_2026q3_investment_and_claims |
| /operating_model/cells/base_2026q3_cash_after_claims:base/id | None | base_2026q3_cash_after_claims |
| /operating_model/cells/base_2026q3_cash_after_claims:base/kind | None | derived |
| /operating_model/cells/base_2026q3_cash_after_claims:base/label | None | Cash after lending and capital claims |
| /operating_model/cells/base_2026q3_cash_after_claims:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_cash_after_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_cash_after_claims:base/value | None | -83.54399999999995 |
| /operating_model/cells/base_2026q3_cash_before_settlement:base/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/base_2026q3_cash_before_settlement:base/case | None | base |
| /operating_model/cells/base_2026q3_cash_before_settlement:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_cash_before_settlement:base/formula/refs/0 | None | base_2026q3_operating_noncash_bridge |
| /operating_model/cells/base_2026q3_cash_before_settlement:base/formula/refs/1 | None | base_2026q3_cash_timing |
| /operating_model/cells/base_2026q3_cash_before_settlement:base/id | None | base_2026q3_cash_before_settlement |
| /operating_model/cells/base_2026q3_cash_before_settlement:base/kind | None | derived |
| /operating_model/cells/base_2026q3_cash_before_settlement:base/label | None | Cash before operating loan settlement |
| /operating_model/cells/base_2026q3_cash_before_settlement:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_cash_before_settlement:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_cash_before_settlement:base/value | None | 78.00000000000004 |
| /operating_model/cells/base_2026q3_cash_tax:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_cash_tax:base/case | None | base |
| /operating_model/cells/base_2026q3_cash_tax:base/id | None | base_2026q3_cash_tax |
| /operating_model/cells/base_2026q3_cash_tax:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_cash_tax:base/label | None | Cash tax |
| /operating_model/cells/base_2026q3_cash_tax:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_cash_tax:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_cash_tax:base/value | None | 3.0 |
| /operating_model/cells/base_2026q3_cash_timing:base/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/base_2026q3_cash_timing:base/case | None | base |
| /operating_model/cells/base_2026q3_cash_timing:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_cash_timing:base/formula/refs/0 | None | base_2026q3_cash_tax |
| /operating_model/cells/base_2026q3_cash_timing:base/formula/refs/1 | None | base_2026q3_corporate_net_interest_cash |
| /operating_model/cells/base_2026q3_cash_timing:base/formula/refs/2 | None | base_2026q3_working_capital_use |
| /operating_model/cells/base_2026q3_cash_timing:base/id | None | base_2026q3_cash_timing |
| /operating_model/cells/base_2026q3_cash_timing:base/kind | None | derived |
| /operating_model/cells/base_2026q3_cash_timing:base/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/base_2026q3_cash_timing:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_cash_timing:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_cash_timing:base/value | None | 19.0 |
| /operating_model/cells/base_2026q3_cfo:base/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/base_2026q3_cfo:base/case | None | base |
| /operating_model/cells/base_2026q3_cfo:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_cfo:base/formula/refs/0 | None | base_2026q3_cash_before_settlement |
| /operating_model/cells/base_2026q3_cfo:base/formula/refs/1 | None | base_2026q3_hfs_funding |
| /operating_model/cells/base_2026q3_cfo:base/id | None | base_2026q3_cfo |
| /operating_model/cells/base_2026q3_cfo:base/kind | None | derived |
| /operating_model/cells/base_2026q3_cfo:base/label | None | CFO after operating loan settlement |
| /operating_model/cells/base_2026q3_cfo:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_cfo:base/value | None | -11.999999999999957 |
| /operating_model/cells/base_2026q3_contribution:base/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/base_2026q3_contribution:base/case | None | base |
| /operating_model/cells/base_2026q3_contribution:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_contribution:base/formula/refs/0 | None | base_2026q3_unsecured_contribution |
| /operating_model/cells/base_2026q3_contribution:base/formula/refs/1 | None | base_2026q3_secured_contribution |
| /operating_model/cells/base_2026q3_contribution:base/id | None | base_2026q3_contribution |
| /operating_model/cells/base_2026q3_contribution:base/kind | None | derived |
| /operating_model/cells/base_2026q3_contribution:base/label | None | Fee contribution profit |
| /operating_model/cells/base_2026q3_contribution:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_contribution:base/value | None | 179.30000000000004 |
| /operating_model/cells/base_2026q3_contribution_plus_balance:base/basis | None | Direct fee costs already removed. |
| /operating_model/cells/base_2026q3_contribution_plus_balance:base/case | None | base |
| /operating_model/cells/base_2026q3_contribution_plus_balance:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_contribution_plus_balance:base/formula/refs/0 | None | base_2026q3_contribution |
| /operating_model/cells/base_2026q3_contribution_plus_balance:base/formula/refs/1 | None | base_2026q3_net_balance_revenue |
| /operating_model/cells/base_2026q3_contribution_plus_balance:base/id | None | base_2026q3_contribution_plus_balance |
| /operating_model/cells/base_2026q3_contribution_plus_balance:base/kind | None | derived |
| /operating_model/cells/base_2026q3_contribution_plus_balance:base/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/base_2026q3_contribution_plus_balance:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_contribution_plus_balance:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_contribution_plus_balance:base/value | None | 205.30000000000004 |
| /operating_model/cells/base_2026q3_convert_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_convert_interest:base/case | None | base |
| /operating_model/cells/base_2026q3_convert_interest:base/id | None | base_2026q3_convert_interest |
| /operating_model/cells/base_2026q3_convert_interest:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_convert_interest:base/label | None | Convertible GAAP interest |
| /operating_model/cells/base_2026q3_convert_interest:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_convert_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_convert_interest:base/value | None | 4.5 |
| /operating_model/cells/base_2026q3_corporate_net_interest_cash:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_corporate_net_interest_cash:base/case | None | base |
| /operating_model/cells/base_2026q3_corporate_net_interest_cash:base/id | None | base_2026q3_corporate_net_interest_cash |
| /operating_model/cells/base_2026q3_corporate_net_interest_cash:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_corporate_net_interest_cash:base/label | None | Net corporate cash interest |
| /operating_model/cells/base_2026q3_corporate_net_interest_cash:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_corporate_net_interest_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_corporate_net_interest_cash:base/value | None | 1.0 |
| /operating_model/cells/base_2026q3_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_da:base/case | None | base |
| /operating_model/cells/base_2026q3_da:base/id | None | base_2026q3_da |
| /operating_model/cells/base_2026q3_da:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_da:base/label | None | Depreciation and amortization |
| /operating_model/cells/base_2026q3_da:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_da:base/value | None | 7.0 |
| /operating_model/cells/base_2026q3_debt_principal:base/basis | None | Assumes August note cash settlement; actual post-maturity confirmation pending. |
| /operating_model/cells/base_2026q3_debt_principal:base/case | None | base |
| /operating_model/cells/base_2026q3_debt_principal:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_debt_principal:base/formula/refs/0 | None | august_note |
| /operating_model/cells/base_2026q3_debt_principal:base/formula/refs/1 | None | base_2026q3_other_principal |
| /operating_model/cells/base_2026q3_debt_principal:base/id | None | base_2026q3_debt_principal |
| /operating_model/cells/base_2026q3_debt_principal:base/kind | None | derived |
| /operating_model/cells/base_2026q3_debt_principal:base/label | None | Debt principal payment |
| /operating_model/cells/base_2026q3_debt_principal:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_debt_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_debt_principal:base/value | None | 73.544 |
| /operating_model/cells/base_2026q3_ebitda_exclusions:base/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/base_2026q3_ebitda_exclusions:base/case | None | base |
| /operating_model/cells/base_2026q3_ebitda_exclusions:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_ebitda_exclusions:base/formula/refs/0 | None | base_2026q3_sbc |
| /operating_model/cells/base_2026q3_ebitda_exclusions:base/formula/refs/1 | None | base_2026q3_payroll |
| /operating_model/cells/base_2026q3_ebitda_exclusions:base/formula/refs/2 | None | base_2026q3_da |
| /operating_model/cells/base_2026q3_ebitda_exclusions:base/formula/refs/3 | None | base_2026q3_convert_interest |
| /operating_model/cells/base_2026q3_ebitda_exclusions:base/formula/refs/4 | None | base_2026q3_net_other_income |
| /operating_model/cells/base_2026q3_ebitda_exclusions:base/id | None | base_2026q3_ebitda_exclusions |
| /operating_model/cells/base_2026q3_ebitda_exclusions:base/kind | None | derived |
| /operating_model/cells/base_2026q3_ebitda_exclusions:base/label | None | GAAP bridge exclusions |
| /operating_model/cells/base_2026q3_ebitda_exclusions:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_ebitda_exclusions:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_ebitda_exclusions:base/value | None | 58.0 |
| /operating_model/cells/base_2026q3_fair_value_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_fair_value_loss:base/case | None | base |
| /operating_model/cells/base_2026q3_fair_value_loss:base/id | None | base_2026q3_fair_value_loss |
| /operating_model/cells/base_2026q3_fair_value_loss:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_fair_value_loss:base/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/base_2026q3_fair_value_loss:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_fair_value_loss:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_fair_value_loss:base/value | None | 20.0 |
| /operating_model/cells/base_2026q3_fee_realization:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_fee_realization:base/case | None | base |
| /operating_model/cells/base_2026q3_fee_realization:base/id | None | base_2026q3_fee_realization |
| /operating_model/cells/base_2026q3_fee_realization:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_fee_realization:base/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/base_2026q3_fee_realization:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_fee_realization:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_fee_realization:base/value | None | 0.9598516945874334 |
| /operating_model/cells/base_2026q3_fees:base/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/base_2026q3_fees:base/case | None | base |
| /operating_model/cells/base_2026q3_fees:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_fees:base/formula/refs/0 | None | base_2026q3_unsecured_fee |
| /operating_model/cells/base_2026q3_fees:base/formula/refs/1 | None | base_2026q3_secured_fee |
| /operating_model/cells/base_2026q3_fees:base/id | None | base_2026q3_fees |
| /operating_model/cells/base_2026q3_fees:base/kind | None | derived |
| /operating_model/cells/base_2026q3_fees:base/label | None | Total fee revenue |
| /operating_model/cells/base_2026q3_fees:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_fees:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_fees:base/value | None | 328.00000000000006 |
| /operating_model/cells/base_2026q3_fixed_adjusted_cost:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_fixed_adjusted_cost:base/case | None | base |
| /operating_model/cells/base_2026q3_fixed_adjusted_cost:base/id | None | base_2026q3_fixed_adjusted_cost |
| /operating_model/cells/base_2026q3_fixed_adjusted_cost:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_fixed_adjusted_cost:base/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/base_2026q3_fixed_adjusted_cost:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_fixed_adjusted_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_fixed_adjusted_cost:base/value | None | 120.3 |
| /operating_model/cells/base_2026q3_funding_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_funding_interest:base/case | None | base |
| /operating_model/cells/base_2026q3_funding_interest:base/id | None | base_2026q3_funding_interest |
| /operating_model/cells/base_2026q3_funding_interest:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_funding_interest:base/label | None | Balance-sheet funding interest |
| /operating_model/cells/base_2026q3_funding_interest:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_funding_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_funding_interest:base/value | None | 14.0 |
| /operating_model/cells/base_2026q3_hfs_funding:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_hfs_funding:base/case | None | base |
| /operating_model/cells/base_2026q3_hfs_funding:base/id | None | base_2026q3_hfs_funding |
| /operating_model/cells/base_2026q3_hfs_funding:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_hfs_funding:base/label | None | Net operating loan-settlement funding |
| /operating_model/cells/base_2026q3_hfs_funding:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_hfs_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_hfs_funding:base/value | None | 90.0 |
| /operating_model/cells/base_2026q3_investment_and_claims:base/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/base_2026q3_investment_and_claims:base/case | None | base |
| /operating_model/cells/base_2026q3_investment_and_claims:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_investment_and_claims:base/formula/refs/0 | None | base_2026q3_capex |
| /operating_model/cells/base_2026q3_investment_and_claims:base/formula/refs/1 | None | base_2026q3_lending_investment |
| /operating_model/cells/base_2026q3_investment_and_claims:base/formula/refs/2 | None | base_2026q3_debt_principal |
| /operating_model/cells/base_2026q3_investment_and_claims:base/formula/refs/3 | None | base_2026q3_buybacks |
| /operating_model/cells/base_2026q3_investment_and_claims:base/id | None | base_2026q3_investment_and_claims |
| /operating_model/cells/base_2026q3_investment_and_claims:base/kind | None | derived |
| /operating_model/cells/base_2026q3_investment_and_claims:base/label | None | Loan investment capex and capital claims |
| /operating_model/cells/base_2026q3_investment_and_claims:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_investment_and_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_investment_and_claims:base/value | None | 101.544 |
| /operating_model/cells/base_2026q3_lending_investment:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_lending_investment:base/case | None | base |
| /operating_model/cells/base_2026q3_lending_investment:base/id | None | base_2026q3_lending_investment |
| /operating_model/cells/base_2026q3_lending_investment:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_lending_investment:base/label | None | Net HFI investment |
| /operating_model/cells/base_2026q3_lending_investment:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_lending_investment:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_lending_investment:base/value | None | 20.0 |
| /operating_model/cells/base_2026q3_loan_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_loan_interest:base/case | None | base |
| /operating_model/cells/base_2026q3_loan_interest:base/id | None | base_2026q3_loan_interest |
| /operating_model/cells/base_2026q3_loan_interest:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_loan_interest:base/label | None | Loan interest income |
| /operating_model/cells/base_2026q3_loan_interest:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_loan_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_loan_interest:base/value | None | 60.0 |
| /operating_model/cells/base_2026q3_net_balance_revenue:base/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/base_2026q3_net_balance_revenue:base/case | None | base |
| /operating_model/cells/base_2026q3_net_balance_revenue:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_net_balance_revenue:base/formula/refs/0 | None | base_2026q3_loan_interest |
| /operating_model/cells/base_2026q3_net_balance_revenue:base/formula/refs/1 | None | base_2026q3_balance_cost |
| /operating_model/cells/base_2026q3_net_balance_revenue:base/id | None | base_2026q3_net_balance_revenue |
| /operating_model/cells/base_2026q3_net_balance_revenue:base/kind | None | derived |
| /operating_model/cells/base_2026q3_net_balance_revenue:base/label | None | Net balance-sheet revenue |
| /operating_model/cells/base_2026q3_net_balance_revenue:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_net_balance_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_net_balance_revenue:base/value | None | 26.0 |
| /operating_model/cells/base_2026q3_net_other_income:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_net_other_income:base/case | None | base |
| /operating_model/cells/base_2026q3_net_other_income:base/id | None | base_2026q3_net_other_income |
| /operating_model/cells/base_2026q3_net_other_income:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_net_other_income:base/label | None | Net other income after convertible interest |
| /operating_model/cells/base_2026q3_net_other_income:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_net_other_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_net_other_income:base/value | None | 2.0 |
| /operating_model/cells/base_2026q3_operating_income:base/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/base_2026q3_operating_income:base/case | None | base |
| /operating_model/cells/base_2026q3_operating_income:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_operating_income:base/formula/refs/0 | None | base_2026q3_adj_ebitda |
| /operating_model/cells/base_2026q3_operating_income:base/formula/refs/1 | None | base_2026q3_ebitda_exclusions |
| /operating_model/cells/base_2026q3_operating_income:base/id | None | base_2026q3_operating_income |
| /operating_model/cells/base_2026q3_operating_income:base/kind | None | derived |
| /operating_model/cells/base_2026q3_operating_income:base/label | None | GAAP operating income proxy |
| /operating_model/cells/base_2026q3_operating_income:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_operating_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_operating_income:base/value | None | 27.000000000000043 |
| /operating_model/cells/base_2026q3_operating_noncash_bridge:base/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/base_2026q3_operating_noncash_bridge:base/case | None | base |
| /operating_model/cells/base_2026q3_operating_noncash_bridge:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_operating_noncash_bridge:base/formula/refs/0 | None | base_2026q3_operating_income |
| /operating_model/cells/base_2026q3_operating_noncash_bridge:base/formula/refs/1 | None | base_2026q3_sbc |
| /operating_model/cells/base_2026q3_operating_noncash_bridge:base/formula/refs/2 | None | base_2026q3_da |
| /operating_model/cells/base_2026q3_operating_noncash_bridge:base/formula/refs/3 | None | base_2026q3_fair_value_loss |
| /operating_model/cells/base_2026q3_operating_noncash_bridge:base/id | None | base_2026q3_operating_noncash_bridge |
| /operating_model/cells/base_2026q3_operating_noncash_bridge:base/kind | None | derived |
| /operating_model/cells/base_2026q3_operating_noncash_bridge:base/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/base_2026q3_operating_noncash_bridge:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_operating_noncash_bridge:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_operating_noncash_bridge:base/value | None | 97.00000000000004 |
| /operating_model/cells/base_2026q3_other_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_other_principal:base/case | None | base |
| /operating_model/cells/base_2026q3_other_principal:base/id | None | base_2026q3_other_principal |
| /operating_model/cells/base_2026q3_other_principal:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_other_principal:base/label | None | Other asset-backed principal |
| /operating_model/cells/base_2026q3_other_principal:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_other_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_other_principal:base/value | None | 7.0 |
| /operating_model/cells/base_2026q3_payroll:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_payroll:base/case | None | base |
| /operating_model/cells/base_2026q3_payroll:base/id | None | base_2026q3_payroll |
| /operating_model/cells/base_2026q3_payroll:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_payroll:base/label | None | Equity payroll adjustment |
| /operating_model/cells/base_2026q3_payroll:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_payroll:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_payroll:base/value | None | 1.5 |
| /operating_model/cells/base_2026q3_revenue:base/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/base_2026q3_revenue:base/case | None | base |
| /operating_model/cells/base_2026q3_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_revenue:base/formula/refs/0 | None | base_2026q3_fees |
| /operating_model/cells/base_2026q3_revenue:base/formula/refs/1 | None | base_2026q3_net_balance_revenue |
| /operating_model/cells/base_2026q3_revenue:base/id | None | base_2026q3_revenue |
| /operating_model/cells/base_2026q3_revenue:base/kind | None | derived |
| /operating_model/cells/base_2026q3_revenue:base/label | None | Total revenue |
| /operating_model/cells/base_2026q3_revenue:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_revenue:base/value | None | 354.00000000000006 |
| /operating_model/cells/base_2026q3_sbc:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_sbc:base/case | None | base |
| /operating_model/cells/base_2026q3_sbc:base/id | None | base_2026q3_sbc |
| /operating_model/cells/base_2026q3_sbc:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_sbc:base/label | None | SBC expense |
| /operating_model/cells/base_2026q3_sbc:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_sbc:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_sbc:base/value | None | 43.0 |
| /operating_model/cells/base_2026q3_secured_cm:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_secured_cm:base/case | None | base |
| /operating_model/cells/base_2026q3_secured_cm:base/id | None | base_2026q3_secured_cm |
| /operating_model/cells/base_2026q3_secured_cm:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_secured_cm:base/label | None | Secured contribution margin |
| /operating_model/cells/base_2026q3_secured_cm:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_secured_cm:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_secured_cm:base/value | None | -0.1 |
| /operating_model/cells/base_2026q3_secured_contribution:base/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/base_2026q3_secured_contribution:base/case | None | base |
| /operating_model/cells/base_2026q3_secured_contribution:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q3_secured_contribution:base/formula/refs/0 | None | base_2026q3_secured_fee |
| /operating_model/cells/base_2026q3_secured_contribution:base/formula/refs/1 | None | base_2026q3_secured_cm |
| /operating_model/cells/base_2026q3_secured_contribution:base/id | None | base_2026q3_secured_contribution |
| /operating_model/cells/base_2026q3_secured_contribution:base/kind | None | derived |
| /operating_model/cells/base_2026q3_secured_contribution:base/label | None | Secured contribution |
| /operating_model/cells/base_2026q3_secured_contribution:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_secured_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_secured_contribution:base/value | None | -2.5 |
| /operating_model/cells/base_2026q3_secured_fee:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_secured_fee:base/case | None | base |
| /operating_model/cells/base_2026q3_secured_fee:base/id | None | base_2026q3_secured_fee |
| /operating_model/cells/base_2026q3_secured_fee:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_secured_fee:base/label | None | Secured fee revenue |
| /operating_model/cells/base_2026q3_secured_fee:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_secured_fee:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_secured_fee:base/value | None | 25.0 |
| /operating_model/cells/base_2026q3_september_volume:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_september_volume:base/case | None | base |
| /operating_model/cells/base_2026q3_september_volume:base/id | None | base_2026q3_september_volume |
| /operating_model/cells/base_2026q3_september_volume:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_september_volume:base/label | None | September principal estimate |
| /operating_model/cells/base_2026q3_september_volume:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_september_volume:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_september_volume:base/value | None | 1350.0 |
| /operating_model/cells/base_2026q3_unsecured_cm:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_unsecured_cm:base/case | None | base |
| /operating_model/cells/base_2026q3_unsecured_cm:base/id | None | base_2026q3_unsecured_cm |
| /operating_model/cells/base_2026q3_unsecured_cm:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_unsecured_cm:base/label | None | Unsecured contribution margin |
| /operating_model/cells/base_2026q3_unsecured_cm:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_unsecured_cm:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_unsecured_cm:base/value | None | 0.6 |
| /operating_model/cells/base_2026q3_unsecured_contribution:base/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/base_2026q3_unsecured_contribution:base/case | None | base |
| /operating_model/cells/base_2026q3_unsecured_contribution:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q3_unsecured_contribution:base/formula/refs/0 | None | base_2026q3_unsecured_fee |
| /operating_model/cells/base_2026q3_unsecured_contribution:base/formula/refs/1 | None | base_2026q3_unsecured_cm |
| /operating_model/cells/base_2026q3_unsecured_contribution:base/id | None | base_2026q3_unsecured_contribution |
| /operating_model/cells/base_2026q3_unsecured_contribution:base/kind | None | derived |
| /operating_model/cells/base_2026q3_unsecured_contribution:base/label | None | Unsecured contribution |
| /operating_model/cells/base_2026q3_unsecured_contribution:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_unsecured_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_unsecured_contribution:base/value | None | 181.80000000000004 |
| /operating_model/cells/base_2026q3_unsecured_fee:base/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/base_2026q3_unsecured_fee:base/case | None | base |
| /operating_model/cells/base_2026q3_unsecured_fee:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q3_unsecured_fee:base/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/base_2026q3_unsecured_fee:base/formula/refs/1 | None | base_2026q3_activity |
| /operating_model/cells/base_2026q3_unsecured_fee:base/formula/refs/2 | None | base_2026q3_fee_realization |
| /operating_model/cells/base_2026q3_unsecured_fee:base/id | None | base_2026q3_unsecured_fee |
| /operating_model/cells/base_2026q3_unsecured_fee:base/kind | None | derived |
| /operating_model/cells/base_2026q3_unsecured_fee:base/label | None | Unsecured fee revenue |
| /operating_model/cells/base_2026q3_unsecured_fee:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_unsecured_fee:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_unsecured_fee:base/value | None | 303.00000000000006 |
| /operating_model/cells/base_2026q3_volume:base/basis | None | Two reported months plus one desk forecast. |
| /operating_model/cells/base_2026q3_volume:base/case | None | base |
| /operating_model/cells/base_2026q3_volume:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_volume:base/formula/refs/0 | None | july_volume |
| /operating_model/cells/base_2026q3_volume:base/formula/refs/1 | None | august_volume |
| /operating_model/cells/base_2026q3_volume:base/formula/refs/2 | None | base_2026q3_september_volume |
| /operating_model/cells/base_2026q3_volume:base/id | None | base_2026q3_volume |
| /operating_model/cells/base_2026q3_volume:base/kind | None | derived |
| /operating_model/cells/base_2026q3_volume:base/label | None | Facilitated principal |
| /operating_model/cells/base_2026q3_volume:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_volume:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_volume:base/value | None | 4089.5 |
| /operating_model/cells/base_2026q3_working_capital_use:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_working_capital_use:base/case | None | base |
| /operating_model/cells/base_2026q3_working_capital_use:base/id | None | base_2026q3_working_capital_use |
| /operating_model/cells/base_2026q3_working_capital_use:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_working_capital_use:base/label | None | Other working-capital and settlement use |
| /operating_model/cells/base_2026q3_working_capital_use:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_working_capital_use:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_working_capital_use:base/value | None | 15.0 |
| /operating_model/cells/base_2026q4_activity:base/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/base_2026q4_activity:base/case | None | base |
| /operating_model/cells/base_2026q4_activity:base/formula/op | None | divide |
| /operating_model/cells/base_2026q4_activity:base/formula/refs/0 | None | base_2026q4_volume |
| /operating_model/cells/base_2026q4_activity:base/formula/refs/1 | None | q2_volume |
| /operating_model/cells/base_2026q4_activity:base/id | None | base_2026q4_activity |
| /operating_model/cells/base_2026q4_activity:base/kind | None | derived |
| /operating_model/cells/base_2026q4_activity:base/label | None | Activity versus Q2 |
| /operating_model/cells/base_2026q4_activity:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_activity:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_activity:base/value | None | 0.9935715918010473 |
| /operating_model/cells/base_2026q4_adj_ebitda:base/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/base_2026q4_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_2026q4_adj_ebitda:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_adj_ebitda:base/formula/refs/0 | None | base_2026q4_contribution_plus_balance |
| /operating_model/cells/base_2026q4_adj_ebitda:base/formula/refs/1 | None | base_2026q4_fixed_adjusted_cost |
| /operating_model/cells/base_2026q4_adj_ebitda:base/id | None | base_2026q4_adj_ebitda |
| /operating_model/cells/base_2026q4_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_2026q4_adj_ebitda:base/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/base_2026q4_adj_ebitda:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_adj_ebitda:base/value | None | 91.62600000000003 |
| /operating_model/cells/base_2026q4_asset_cash:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_asset_cash:base/case | None | base |
| /operating_model/cells/base_2026q4_asset_cash:base/id | None | base_2026q4_asset_cash |
| /operating_model/cells/base_2026q4_asset_cash:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_asset_cash:base/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/base_2026q4_asset_cash:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_asset_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_asset_cash:base/value | None | 30.0 |
| /operating_model/cells/base_2026q4_available_cash:base/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/base_2026q4_available_cash:base/case | None | base |
| /operating_model/cells/base_2026q4_available_cash:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_available_cash:base/formula/refs/0 | None | base_2026q4_cfo |
| /operating_model/cells/base_2026q4_available_cash:base/formula/refs/1 | None | base_2026q4_asset_cash |
| /operating_model/cells/base_2026q4_available_cash:base/id | None | base_2026q4_available_cash |
| /operating_model/cells/base_2026q4_available_cash:base/kind | None | derived |
| /operating_model/cells/base_2026q4_available_cash:base/label | None | CFO plus asset receipts |
| /operating_model/cells/base_2026q4_available_cash:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_available_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_available_cash:base/value | None | 13.466000000000037 |
| /operating_model/cells/base_2026q4_balance_cost:base/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/base_2026q4_balance_cost:base/case | None | base |
| /operating_model/cells/base_2026q4_balance_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_balance_cost:base/formula/refs/0 | None | base_2026q4_funding_interest |
| /operating_model/cells/base_2026q4_balance_cost:base/formula/refs/1 | None | base_2026q4_fair_value_loss |
| /operating_model/cells/base_2026q4_balance_cost:base/id | None | base_2026q4_balance_cost |
| /operating_model/cells/base_2026q4_balance_cost:base/kind | None | derived |
| /operating_model/cells/base_2026q4_balance_cost:base/label | None | Funding and fair-value costs |
| /operating_model/cells/base_2026q4_balance_cost:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_balance_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_balance_cost:base/value | None | 35.84 |
| /operating_model/cells/base_2026q4_buybacks:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_buybacks:base/case | None | base |
| /operating_model/cells/base_2026q4_buybacks:base/id | None | base_2026q4_buybacks |
| /operating_model/cells/base_2026q4_buybacks:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_buybacks:base/label | None | Optional repurchases |
| /operating_model/cells/base_2026q4_buybacks:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_buybacks:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_buybacks:base/value | None | 0.0 |
| /operating_model/cells/base_2026q4_capex:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_capex:base/case | None | base |
| /operating_model/cells/base_2026q4_capex:base/id | None | base_2026q4_capex |
| /operating_model/cells/base_2026q4_capex:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_capex:base/label | None | Cash PP&E and software |
| /operating_model/cells/base_2026q4_capex:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_capex:base/value | None | 9.0 |
| /operating_model/cells/base_2026q4_cash_after_claims:base/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/base_2026q4_cash_after_claims:base/case | None | base |
| /operating_model/cells/base_2026q4_cash_after_claims:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_cash_after_claims:base/formula/refs/0 | None | base_2026q4_available_cash |
| /operating_model/cells/base_2026q4_cash_after_claims:base/formula/refs/1 | None | base_2026q4_investment_and_claims |
| /operating_model/cells/base_2026q4_cash_after_claims:base/id | None | base_2026q4_cash_after_claims |
| /operating_model/cells/base_2026q4_cash_after_claims:base/kind | None | derived |
| /operating_model/cells/base_2026q4_cash_after_claims:base/label | None | Cash after lending and capital claims |
| /operating_model/cells/base_2026q4_cash_after_claims:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_cash_after_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_cash_after_claims:base/value | None | -27.533999999999963 |
| /operating_model/cells/base_2026q4_cash_before_settlement:base/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/base_2026q4_cash_before_settlement:base/case | None | base |
| /operating_model/cells/base_2026q4_cash_before_settlement:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_cash_before_settlement:base/formula/refs/0 | None | base_2026q4_operating_noncash_bridge |
| /operating_model/cells/base_2026q4_cash_before_settlement:base/formula/refs/1 | None | base_2026q4_cash_timing |
| /operating_model/cells/base_2026q4_cash_before_settlement:base/id | None | base_2026q4_cash_before_settlement |
| /operating_model/cells/base_2026q4_cash_before_settlement:base/kind | None | derived |
| /operating_model/cells/base_2026q4_cash_before_settlement:base/label | None | Cash before operating loan settlement |
| /operating_model/cells/base_2026q4_cash_before_settlement:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_cash_before_settlement:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_cash_before_settlement:base/value | None | 83.46600000000004 |
| /operating_model/cells/base_2026q4_cash_tax:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_cash_tax:base/case | None | base |
| /operating_model/cells/base_2026q4_cash_tax:base/id | None | base_2026q4_cash_tax |
| /operating_model/cells/base_2026q4_cash_tax:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_cash_tax:base/label | None | Cash tax |
| /operating_model/cells/base_2026q4_cash_tax:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_cash_tax:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_cash_tax:base/value | None | 3.0 |
| /operating_model/cells/base_2026q4_cash_timing:base/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/base_2026q4_cash_timing:base/case | None | base |
| /operating_model/cells/base_2026q4_cash_timing:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_cash_timing:base/formula/refs/0 | None | base_2026q4_cash_tax |
| /operating_model/cells/base_2026q4_cash_timing:base/formula/refs/1 | None | base_2026q4_corporate_net_interest_cash |
| /operating_model/cells/base_2026q4_cash_timing:base/formula/refs/2 | None | base_2026q4_working_capital_use |
| /operating_model/cells/base_2026q4_cash_timing:base/id | None | base_2026q4_cash_timing |
| /operating_model/cells/base_2026q4_cash_timing:base/kind | None | derived |
| /operating_model/cells/base_2026q4_cash_timing:base/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/base_2026q4_cash_timing:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_cash_timing:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_cash_timing:base/value | None | 21.0 |
| /operating_model/cells/base_2026q4_cfo:base/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/base_2026q4_cfo:base/case | None | base |
| /operating_model/cells/base_2026q4_cfo:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_cfo:base/formula/refs/0 | None | base_2026q4_cash_before_settlement |
| /operating_model/cells/base_2026q4_cfo:base/formula/refs/1 | None | base_2026q4_hfs_funding |
| /operating_model/cells/base_2026q4_cfo:base/id | None | base_2026q4_cfo |
| /operating_model/cells/base_2026q4_cfo:base/kind | None | derived |
| /operating_model/cells/base_2026q4_cfo:base/label | None | CFO after operating loan settlement |
| /operating_model/cells/base_2026q4_cfo:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_cfo:base/value | None | -16.533999999999963 |
| /operating_model/cells/base_2026q4_contribution:base/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/base_2026q4_contribution:base/case | None | base |
| /operating_model/cells/base_2026q4_contribution:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_contribution:base/formula/refs/0 | None | base_2026q4_unsecured_contribution |
| /operating_model/cells/base_2026q4_contribution:base/formula/refs/1 | None | base_2026q4_secured_contribution |
| /operating_model/cells/base_2026q4_contribution:base/id | None | base_2026q4_contribution |
| /operating_model/cells/base_2026q4_contribution:base/kind | None | derived |
| /operating_model/cells/base_2026q4_contribution:base/label | None | Fee contribution profit |
| /operating_model/cells/base_2026q4_contribution:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_contribution:base/value | None | 187.90080000000003 |
| /operating_model/cells/base_2026q4_contribution_plus_balance:base/basis | None | Direct fee costs already removed. |
| /operating_model/cells/base_2026q4_contribution_plus_balance:base/case | None | base |
| /operating_model/cells/base_2026q4_contribution_plus_balance:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_contribution_plus_balance:base/formula/refs/0 | None | base_2026q4_contribution |
| /operating_model/cells/base_2026q4_contribution_plus_balance:base/formula/refs/1 | None | base_2026q4_net_balance_revenue |
| /operating_model/cells/base_2026q4_contribution_plus_balance:base/id | None | base_2026q4_contribution_plus_balance |
| /operating_model/cells/base_2026q4_contribution_plus_balance:base/kind | None | derived |
| /operating_model/cells/base_2026q4_contribution_plus_balance:base/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/base_2026q4_contribution_plus_balance:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_contribution_plus_balance:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_contribution_plus_balance:base/value | None | 214.06080000000003 |
| /operating_model/cells/base_2026q4_convert_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_convert_interest:base/case | None | base |
| /operating_model/cells/base_2026q4_convert_interest:base/id | None | base_2026q4_convert_interest |
| /operating_model/cells/base_2026q4_convert_interest:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_convert_interest:base/label | None | Convertible GAAP interest |
| /operating_model/cells/base_2026q4_convert_interest:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_convert_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_convert_interest:base/value | None | 4.5 |
| /operating_model/cells/base_2026q4_corporate_net_interest_cash:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_corporate_net_interest_cash:base/case | None | base |
| /operating_model/cells/base_2026q4_corporate_net_interest_cash:base/id | None | base_2026q4_corporate_net_interest_cash |
| /operating_model/cells/base_2026q4_corporate_net_interest_cash:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_corporate_net_interest_cash:base/label | None | Net corporate cash interest |
| /operating_model/cells/base_2026q4_corporate_net_interest_cash:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_corporate_net_interest_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_corporate_net_interest_cash:base/value | None | 1.0 |
| /operating_model/cells/base_2026q4_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_da:base/case | None | base |
| /operating_model/cells/base_2026q4_da:base/id | None | base_2026q4_da |
| /operating_model/cells/base_2026q4_da:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_da:base/label | None | Depreciation and amortization |
| /operating_model/cells/base_2026q4_da:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_da:base/value | None | 7.5 |
| /operating_model/cells/base_2026q4_debt_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_debt_principal:base/case | None | base |
| /operating_model/cells/base_2026q4_debt_principal:base/id | None | base_2026q4_debt_principal |
| /operating_model/cells/base_2026q4_debt_principal:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_debt_principal:base/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/base_2026q4_debt_principal:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_debt_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_debt_principal:base/value | None | 7.0 |
| /operating_model/cells/base_2026q4_ebitda_exclusions:base/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/base_2026q4_ebitda_exclusions:base/case | None | base |
| /operating_model/cells/base_2026q4_ebitda_exclusions:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_ebitda_exclusions:base/formula/refs/0 | None | base_2026q4_sbc |
| /operating_model/cells/base_2026q4_ebitda_exclusions:base/formula/refs/1 | None | base_2026q4_payroll |
| /operating_model/cells/base_2026q4_ebitda_exclusions:base/formula/refs/2 | None | base_2026q4_da |
| /operating_model/cells/base_2026q4_ebitda_exclusions:base/formula/refs/3 | None | base_2026q4_convert_interest |
| /operating_model/cells/base_2026q4_ebitda_exclusions:base/formula/refs/4 | None | base_2026q4_net_other_income |
| /operating_model/cells/base_2026q4_ebitda_exclusions:base/id | None | base_2026q4_ebitda_exclusions |
| /operating_model/cells/base_2026q4_ebitda_exclusions:base/kind | None | derived |
| /operating_model/cells/base_2026q4_ebitda_exclusions:base/label | None | GAAP bridge exclusions |
| /operating_model/cells/base_2026q4_ebitda_exclusions:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_ebitda_exclusions:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_ebitda_exclusions:base/value | None | 61.5 |
| /operating_model/cells/base_2026q4_fair_value_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_fair_value_loss:base/case | None | base |
| /operating_model/cells/base_2026q4_fair_value_loss:base/id | None | base_2026q4_fair_value_loss |
| /operating_model/cells/base_2026q4_fair_value_loss:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_fair_value_loss:base/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/base_2026q4_fair_value_loss:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_fair_value_loss:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_fair_value_loss:base/value | None | 20.84 |
| /operating_model/cells/base_2026q4_fee_realization:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_fee_realization:base/case | None | base |
| /operating_model/cells/base_2026q4_fee_realization:base/id | None | base_2026q4_fee_realization |
| /operating_model/cells/base_2026q4_fee_realization:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_fee_realization:base/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/base_2026q4_fee_realization:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_fee_realization:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_fee_realization:base/value | None | 0.9775282927726242 |
| /operating_model/cells/base_2026q4_fees:base/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/base_2026q4_fees:base/case | None | base |
| /operating_model/cells/base_2026q4_fees:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_fees:base/formula/refs/0 | None | base_2026q4_unsecured_fee |
| /operating_model/cells/base_2026q4_fees:base/formula/refs/1 | None | base_2026q4_secured_fee |
| /operating_model/cells/base_2026q4_fees:base/id | None | base_2026q4_fees |
| /operating_model/cells/base_2026q4_fees:base/kind | None | derived |
| /operating_model/cells/base_2026q4_fees:base/label | None | Total fee revenue |
| /operating_model/cells/base_2026q4_fees:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_fees:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_fees:base/value | None | 346.91800000000006 |
| /operating_model/cells/base_2026q4_fixed_adjusted_cost:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_fixed_adjusted_cost:base/case | None | base |
| /operating_model/cells/base_2026q4_fixed_adjusted_cost:base/id | None | base_2026q4_fixed_adjusted_cost |
| /operating_model/cells/base_2026q4_fixed_adjusted_cost:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_fixed_adjusted_cost:base/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/base_2026q4_fixed_adjusted_cost:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_fixed_adjusted_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_fixed_adjusted_cost:base/value | None | 122.4348 |
| /operating_model/cells/base_2026q4_funding_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_funding_interest:base/case | None | base |
| /operating_model/cells/base_2026q4_funding_interest:base/id | None | base_2026q4_funding_interest |
| /operating_model/cells/base_2026q4_funding_interest:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_funding_interest:base/label | None | Balance-sheet funding interest |
| /operating_model/cells/base_2026q4_funding_interest:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_funding_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_funding_interest:base/value | None | 15.0 |
| /operating_model/cells/base_2026q4_hfs_funding:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_hfs_funding:base/case | None | base |
| /operating_model/cells/base_2026q4_hfs_funding:base/id | None | base_2026q4_hfs_funding |
| /operating_model/cells/base_2026q4_hfs_funding:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_hfs_funding:base/label | None | Net operating loan-settlement funding |
| /operating_model/cells/base_2026q4_hfs_funding:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_hfs_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_hfs_funding:base/value | None | 100.0 |
| /operating_model/cells/base_2026q4_investment_and_claims:base/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/base_2026q4_investment_and_claims:base/case | None | base |
| /operating_model/cells/base_2026q4_investment_and_claims:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_investment_and_claims:base/formula/refs/0 | None | base_2026q4_capex |
| /operating_model/cells/base_2026q4_investment_and_claims:base/formula/refs/1 | None | base_2026q4_lending_investment |
| /operating_model/cells/base_2026q4_investment_and_claims:base/formula/refs/2 | None | base_2026q4_debt_principal |
| /operating_model/cells/base_2026q4_investment_and_claims:base/formula/refs/3 | None | base_2026q4_buybacks |
| /operating_model/cells/base_2026q4_investment_and_claims:base/id | None | base_2026q4_investment_and_claims |
| /operating_model/cells/base_2026q4_investment_and_claims:base/kind | None | derived |
| /operating_model/cells/base_2026q4_investment_and_claims:base/label | None | Loan investment capex and capital claims |
| /operating_model/cells/base_2026q4_investment_and_claims:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_investment_and_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_investment_and_claims:base/value | None | 41.0 |
| /operating_model/cells/base_2026q4_lending_investment:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_lending_investment:base/case | None | base |
| /operating_model/cells/base_2026q4_lending_investment:base/id | None | base_2026q4_lending_investment |
| /operating_model/cells/base_2026q4_lending_investment:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_lending_investment:base/label | None | Net HFI investment |
| /operating_model/cells/base_2026q4_lending_investment:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_lending_investment:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_lending_investment:base/value | None | 25.0 |
| /operating_model/cells/base_2026q4_loan_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_loan_interest:base/case | None | base |
| /operating_model/cells/base_2026q4_loan_interest:base/id | None | base_2026q4_loan_interest |
| /operating_model/cells/base_2026q4_loan_interest:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_loan_interest:base/label | None | Loan interest income |
| /operating_model/cells/base_2026q4_loan_interest:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_loan_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_loan_interest:base/value | None | 62.0 |
| /operating_model/cells/base_2026q4_net_balance_revenue:base/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/base_2026q4_net_balance_revenue:base/case | None | base |
| /operating_model/cells/base_2026q4_net_balance_revenue:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_net_balance_revenue:base/formula/refs/0 | None | base_2026q4_loan_interest |
| /operating_model/cells/base_2026q4_net_balance_revenue:base/formula/refs/1 | None | base_2026q4_balance_cost |
| /operating_model/cells/base_2026q4_net_balance_revenue:base/id | None | base_2026q4_net_balance_revenue |
| /operating_model/cells/base_2026q4_net_balance_revenue:base/kind | None | derived |
| /operating_model/cells/base_2026q4_net_balance_revenue:base/label | None | Net balance-sheet revenue |
| /operating_model/cells/base_2026q4_net_balance_revenue:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_net_balance_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_net_balance_revenue:base/value | None | 26.159999999999997 |
| /operating_model/cells/base_2026q4_net_other_income:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_net_other_income:base/case | None | base |
| /operating_model/cells/base_2026q4_net_other_income:base/id | None | base_2026q4_net_other_income |
| /operating_model/cells/base_2026q4_net_other_income:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_net_other_income:base/label | None | Net other income after convertible interest |
| /operating_model/cells/base_2026q4_net_other_income:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_net_other_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_net_other_income:base/value | None | 2.0 |
| /operating_model/cells/base_2026q4_operating_income:base/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/base_2026q4_operating_income:base/case | None | base |
| /operating_model/cells/base_2026q4_operating_income:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_operating_income:base/formula/refs/0 | None | base_2026q4_adj_ebitda |
| /operating_model/cells/base_2026q4_operating_income:base/formula/refs/1 | None | base_2026q4_ebitda_exclusions |
| /operating_model/cells/base_2026q4_operating_income:base/id | None | base_2026q4_operating_income |
| /operating_model/cells/base_2026q4_operating_income:base/kind | None | derived |
| /operating_model/cells/base_2026q4_operating_income:base/label | None | GAAP operating income proxy |
| /operating_model/cells/base_2026q4_operating_income:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_operating_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_operating_income:base/value | None | 30.126000000000033 |
| /operating_model/cells/base_2026q4_operating_noncash_bridge:base/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/base_2026q4_operating_noncash_bridge:base/case | None | base |
| /operating_model/cells/base_2026q4_operating_noncash_bridge:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_operating_noncash_bridge:base/formula/refs/0 | None | base_2026q4_operating_income |
| /operating_model/cells/base_2026q4_operating_noncash_bridge:base/formula/refs/1 | None | base_2026q4_sbc |
| /operating_model/cells/base_2026q4_operating_noncash_bridge:base/formula/refs/2 | None | base_2026q4_da |
| /operating_model/cells/base_2026q4_operating_noncash_bridge:base/formula/refs/3 | None | base_2026q4_fair_value_loss |
| /operating_model/cells/base_2026q4_operating_noncash_bridge:base/id | None | base_2026q4_operating_noncash_bridge |
| /operating_model/cells/base_2026q4_operating_noncash_bridge:base/kind | None | derived |
| /operating_model/cells/base_2026q4_operating_noncash_bridge:base/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/base_2026q4_operating_noncash_bridge:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_operating_noncash_bridge:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_operating_noncash_bridge:base/value | None | 104.46600000000004 |
| /operating_model/cells/base_2026q4_payroll:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_payroll:base/case | None | base |
| /operating_model/cells/base_2026q4_payroll:base/id | None | base_2026q4_payroll |
| /operating_model/cells/base_2026q4_payroll:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_payroll:base/label | None | Equity payroll adjustment |
| /operating_model/cells/base_2026q4_payroll:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_payroll:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_payroll:base/value | None | 1.5 |
| /operating_model/cells/base_2026q4_revenue:base/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/base_2026q4_revenue:base/case | None | base |
| /operating_model/cells/base_2026q4_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_revenue:base/formula/refs/0 | None | base_2026q4_fees |
| /operating_model/cells/base_2026q4_revenue:base/formula/refs/1 | None | base_2026q4_net_balance_revenue |
| /operating_model/cells/base_2026q4_revenue:base/id | None | base_2026q4_revenue |
| /operating_model/cells/base_2026q4_revenue:base/kind | None | derived |
| /operating_model/cells/base_2026q4_revenue:base/label | None | Total revenue |
| /operating_model/cells/base_2026q4_revenue:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_revenue:base/value | None | 373.0780000000001 |
| /operating_model/cells/base_2026q4_sbc:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_sbc:base/case | None | base |
| /operating_model/cells/base_2026q4_sbc:base/id | None | base_2026q4_sbc |
| /operating_model/cells/base_2026q4_sbc:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_sbc:base/label | None | SBC expense |
| /operating_model/cells/base_2026q4_sbc:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_sbc:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_sbc:base/value | None | 46.0 |
| /operating_model/cells/base_2026q4_secured_cm:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_secured_cm:base/case | None | base |
| /operating_model/cells/base_2026q4_secured_cm:base/id | None | base_2026q4_secured_cm |
| /operating_model/cells/base_2026q4_secured_cm:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_secured_cm:base/label | None | Secured contribution margin |
| /operating_model/cells/base_2026q4_secured_cm:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_secured_cm:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_secured_cm:base/value | None | -0.07500000000000001 |
| /operating_model/cells/base_2026q4_secured_contribution:base/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/base_2026q4_secured_contribution:base/case | None | base |
| /operating_model/cells/base_2026q4_secured_contribution:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q4_secured_contribution:base/formula/refs/0 | None | base_2026q4_secured_fee |
| /operating_model/cells/base_2026q4_secured_contribution:base/formula/refs/1 | None | base_2026q4_secured_cm |
| /operating_model/cells/base_2026q4_secured_contribution:base/id | None | base_2026q4_secured_contribution |
| /operating_model/cells/base_2026q4_secured_contribution:base/kind | None | derived |
| /operating_model/cells/base_2026q4_secured_contribution:base/label | None | Secured contribution |
| /operating_model/cells/base_2026q4_secured_contribution:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_secured_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_secured_contribution:base/value | None | -2.2500000000000004 |
| /operating_model/cells/base_2026q4_secured_fee:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_secured_fee:base/case | None | base |
| /operating_model/cells/base_2026q4_secured_fee:base/id | None | base_2026q4_secured_fee |
| /operating_model/cells/base_2026q4_secured_fee:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_secured_fee:base/label | None | Secured fee revenue |
| /operating_model/cells/base_2026q4_secured_fee:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_secured_fee:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_secured_fee:base/value | None | 30.0 |
| /operating_model/cells/base_2026q4_unsecured_cm:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_unsecured_cm:base/case | None | base |
| /operating_model/cells/base_2026q4_unsecured_cm:base/id | None | base_2026q4_unsecured_cm |
| /operating_model/cells/base_2026q4_unsecured_cm:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_unsecured_cm:base/label | None | Unsecured contribution margin |
| /operating_model/cells/base_2026q4_unsecured_cm:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_unsecured_cm:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_unsecured_cm:base/value | None | 0.6 |
| /operating_model/cells/base_2026q4_unsecured_contribution:base/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/base_2026q4_unsecured_contribution:base/case | None | base |
| /operating_model/cells/base_2026q4_unsecured_contribution:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q4_unsecured_contribution:base/formula/refs/0 | None | base_2026q4_unsecured_fee |
| /operating_model/cells/base_2026q4_unsecured_contribution:base/formula/refs/1 | None | base_2026q4_unsecured_cm |
| /operating_model/cells/base_2026q4_unsecured_contribution:base/id | None | base_2026q4_unsecured_contribution |
| /operating_model/cells/base_2026q4_unsecured_contribution:base/kind | None | derived |
| /operating_model/cells/base_2026q4_unsecured_contribution:base/label | None | Unsecured contribution |
| /operating_model/cells/base_2026q4_unsecured_contribution:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_unsecured_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_unsecured_contribution:base/value | None | 190.15080000000003 |
| /operating_model/cells/base_2026q4_unsecured_fee:base/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/base_2026q4_unsecured_fee:base/case | None | base |
| /operating_model/cells/base_2026q4_unsecured_fee:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q4_unsecured_fee:base/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/base_2026q4_unsecured_fee:base/formula/refs/1 | None | base_2026q4_activity |
| /operating_model/cells/base_2026q4_unsecured_fee:base/formula/refs/2 | None | base_2026q4_fee_realization |
| /operating_model/cells/base_2026q4_unsecured_fee:base/id | None | base_2026q4_unsecured_fee |
| /operating_model/cells/base_2026q4_unsecured_fee:base/kind | None | derived |
| /operating_model/cells/base_2026q4_unsecured_fee:base/label | None | Unsecured fee revenue |
| /operating_model/cells/base_2026q4_unsecured_fee:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_unsecured_fee:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_unsecured_fee:base/value | None | 316.91800000000006 |
| /operating_model/cells/base_2026q4_volume:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_volume:base/case | None | base |
| /operating_model/cells/base_2026q4_volume:base/id | None | base_2026q4_volume |
| /operating_model/cells/base_2026q4_volume:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_volume:base/label | None | Facilitated principal |
| /operating_model/cells/base_2026q4_volume:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_volume:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_volume:base/value | None | 4200.0 |
| /operating_model/cells/base_2026q4_working_capital_use:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_working_capital_use:base/case | None | base |
| /operating_model/cells/base_2026q4_working_capital_use:base/id | None | base_2026q4_working_capital_use |
| /operating_model/cells/base_2026q4_working_capital_use:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_working_capital_use:base/label | None | Other working-capital and settlement use |
| /operating_model/cells/base_2026q4_working_capital_use:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_working_capital_use:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_working_capital_use:base/value | None | 17.0 |
| /operating_model/cells/base_2027q1_activity:base/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/base_2027q1_activity:base/case | None | base |
| /operating_model/cells/base_2027q1_activity:base/formula/op | None | divide |
| /operating_model/cells/base_2027q1_activity:base/formula/refs/0 | None | base_2027q1_volume |
| /operating_model/cells/base_2027q1_activity:base/formula/refs/1 | None | q2_volume |
| /operating_model/cells/base_2027q1_activity:base/id | None | base_2027q1_activity |
| /operating_model/cells/base_2027q1_activity:base/kind | None | derived |
| /operating_model/cells/base_2027q1_activity:base/label | None | Activity versus Q2 |
| /operating_model/cells/base_2027q1_activity:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_activity:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_activity:base/value | None | 1.005399825036774 |
| /operating_model/cells/base_2027q1_adj_ebitda:base/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/base_2027q1_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_2027q1_adj_ebitda:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_adj_ebitda:base/formula/refs/0 | None | base_2027q1_contribution_plus_balance |
| /operating_model/cells/base_2027q1_adj_ebitda:base/formula/refs/1 | None | base_2027q1_fixed_adjusted_cost |
| /operating_model/cells/base_2027q1_adj_ebitda:base/id | None | base_2027q1_adj_ebitda |
| /operating_model/cells/base_2027q1_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_2027q1_adj_ebitda:base/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/base_2027q1_adj_ebitda:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_adj_ebitda:base/value | None | 85.6 |
| /operating_model/cells/base_2027q1_asset_cash:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_asset_cash:base/case | None | base |
| /operating_model/cells/base_2027q1_asset_cash:base/id | None | base_2027q1_asset_cash |
| /operating_model/cells/base_2027q1_asset_cash:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_asset_cash:base/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/base_2027q1_asset_cash:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_asset_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_asset_cash:base/value | None | 30.0 |
| /operating_model/cells/base_2027q1_available_cash:base/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/base_2027q1_available_cash:base/case | None | base |
| /operating_model/cells/base_2027q1_available_cash:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_available_cash:base/formula/refs/0 | None | base_2027q1_cfo |
| /operating_model/cells/base_2027q1_available_cash:base/formula/refs/1 | None | base_2027q1_asset_cash |
| /operating_model/cells/base_2027q1_available_cash:base/id | None | base_2027q1_available_cash |
| /operating_model/cells/base_2027q1_available_cash:base/kind | None | derived |
| /operating_model/cells/base_2027q1_available_cash:base/label | None | CFO plus asset receipts |
| /operating_model/cells/base_2027q1_available_cash:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_available_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_available_cash:base/value | None | 34.599999999999994 |
| /operating_model/cells/base_2027q1_balance_cost:base/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/base_2027q1_balance_cost:base/case | None | base |
| /operating_model/cells/base_2027q1_balance_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_balance_cost:base/formula/refs/0 | None | base_2027q1_funding_interest |
| /operating_model/cells/base_2027q1_balance_cost:base/formula/refs/1 | None | base_2027q1_fair_value_loss |
| /operating_model/cells/base_2027q1_balance_cost:base/id | None | base_2027q1_balance_cost |
| /operating_model/cells/base_2027q1_balance_cost:base/kind | None | derived |
| /operating_model/cells/base_2027q1_balance_cost:base/label | None | Funding and fair-value costs |
| /operating_model/cells/base_2027q1_balance_cost:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_balance_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_balance_cost:base/value | None | 36.0 |
| /operating_model/cells/base_2027q1_buybacks:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_buybacks:base/case | None | base |
| /operating_model/cells/base_2027q1_buybacks:base/id | None | base_2027q1_buybacks |
| /operating_model/cells/base_2027q1_buybacks:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_buybacks:base/label | None | Optional repurchases |
| /operating_model/cells/base_2027q1_buybacks:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_buybacks:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_buybacks:base/value | None | 0.0 |
| /operating_model/cells/base_2027q1_capex:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_capex:base/case | None | base |
| /operating_model/cells/base_2027q1_capex:base/id | None | base_2027q1_capex |
| /operating_model/cells/base_2027q1_capex:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_capex:base/label | None | Cash PP&E and software |
| /operating_model/cells/base_2027q1_capex:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_capex:base/value | None | 10.0 |
| /operating_model/cells/base_2027q1_cash_after_claims:base/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/base_2027q1_cash_after_claims:base/case | None | base |
| /operating_model/cells/base_2027q1_cash_after_claims:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_cash_after_claims:base/formula/refs/0 | None | base_2027q1_available_cash |
| /operating_model/cells/base_2027q1_cash_after_claims:base/formula/refs/1 | None | base_2027q1_investment_and_claims |
| /operating_model/cells/base_2027q1_cash_after_claims:base/id | None | base_2027q1_cash_after_claims |
| /operating_model/cells/base_2027q1_cash_after_claims:base/kind | None | derived |
| /operating_model/cells/base_2027q1_cash_after_claims:base/label | None | Cash after lending and capital claims |
| /operating_model/cells/base_2027q1_cash_after_claims:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_cash_after_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_cash_after_claims:base/value | None | -7.400000000000006 |
| /operating_model/cells/base_2027q1_cash_before_settlement:base/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/base_2027q1_cash_before_settlement:base/case | None | base |
| /operating_model/cells/base_2027q1_cash_before_settlement:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_cash_before_settlement:base/formula/refs/0 | None | base_2027q1_operating_noncash_bridge |
| /operating_model/cells/base_2027q1_cash_before_settlement:base/formula/refs/1 | None | base_2027q1_cash_timing |
| /operating_model/cells/base_2027q1_cash_before_settlement:base/id | None | base_2027q1_cash_before_settlement |
| /operating_model/cells/base_2027q1_cash_before_settlement:base/kind | None | derived |
| /operating_model/cells/base_2027q1_cash_before_settlement:base/label | None | Cash before operating loan settlement |
| /operating_model/cells/base_2027q1_cash_before_settlement:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_cash_before_settlement:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_cash_before_settlement:base/value | None | 74.6 |
| /operating_model/cells/base_2027q1_cash_tax:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_cash_tax:base/case | None | base |
| /operating_model/cells/base_2027q1_cash_tax:base/id | None | base_2027q1_cash_tax |
| /operating_model/cells/base_2027q1_cash_tax:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_cash_tax:base/label | None | Cash tax |
| /operating_model/cells/base_2027q1_cash_tax:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_cash_tax:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_cash_tax:base/value | None | 3.0 |
| /operating_model/cells/base_2027q1_cash_timing:base/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/base_2027q1_cash_timing:base/case | None | base |
| /operating_model/cells/base_2027q1_cash_timing:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_cash_timing:base/formula/refs/0 | None | base_2027q1_cash_tax |
| /operating_model/cells/base_2027q1_cash_timing:base/formula/refs/1 | None | base_2027q1_corporate_net_interest_cash |
| /operating_model/cells/base_2027q1_cash_timing:base/formula/refs/2 | None | base_2027q1_working_capital_use |
| /operating_model/cells/base_2027q1_cash_timing:base/id | None | base_2027q1_cash_timing |
| /operating_model/cells/base_2027q1_cash_timing:base/kind | None | derived |
| /operating_model/cells/base_2027q1_cash_timing:base/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/base_2027q1_cash_timing:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_cash_timing:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_cash_timing:base/value | None | 23.0 |
| /operating_model/cells/base_2027q1_cfo:base/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/base_2027q1_cfo:base/case | None | base |
| /operating_model/cells/base_2027q1_cfo:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_cfo:base/formula/refs/0 | None | base_2027q1_cash_before_settlement |
| /operating_model/cells/base_2027q1_cfo:base/formula/refs/1 | None | base_2027q1_hfs_funding |
| /operating_model/cells/base_2027q1_cfo:base/id | None | base_2027q1_cfo |
| /operating_model/cells/base_2027q1_cfo:base/kind | None | derived |
| /operating_model/cells/base_2027q1_cfo:base/label | None | CFO after operating loan settlement |
| /operating_model/cells/base_2027q1_cfo:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_cfo:base/value | None | 4.599999999999994 |
| /operating_model/cells/base_2027q1_contribution:base/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/base_2027q1_contribution:base/case | None | base |
| /operating_model/cells/base_2027q1_contribution:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_contribution:base/formula/refs/0 | None | base_2027q1_unsecured_contribution |
| /operating_model/cells/base_2027q1_contribution:base/formula/refs/1 | None | base_2027q1_secured_contribution |
| /operating_model/cells/base_2027q1_contribution:base/id | None | base_2027q1_contribution |
| /operating_model/cells/base_2027q1_contribution:base/kind | None | derived |
| /operating_model/cells/base_2027q1_contribution:base/label | None | Fee contribution profit |
| /operating_model/cells/base_2027q1_contribution:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_contribution:base/value | None | 189.6 |
| /operating_model/cells/base_2027q1_contribution_plus_balance:base/basis | None | Direct fee costs already removed. |
| /operating_model/cells/base_2027q1_contribution_plus_balance:base/case | None | base |
| /operating_model/cells/base_2027q1_contribution_plus_balance:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_contribution_plus_balance:base/formula/refs/0 | None | base_2027q1_contribution |
| /operating_model/cells/base_2027q1_contribution_plus_balance:base/formula/refs/1 | None | base_2027q1_net_balance_revenue |
| /operating_model/cells/base_2027q1_contribution_plus_balance:base/id | None | base_2027q1_contribution_plus_balance |
| /operating_model/cells/base_2027q1_contribution_plus_balance:base/kind | None | derived |
| /operating_model/cells/base_2027q1_contribution_plus_balance:base/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/base_2027q1_contribution_plus_balance:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_contribution_plus_balance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_contribution_plus_balance:base/value | None | 217.6 |
| /operating_model/cells/base_2027q1_convert_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_convert_interest:base/case | None | base |
| /operating_model/cells/base_2027q1_convert_interest:base/id | None | base_2027q1_convert_interest |
| /operating_model/cells/base_2027q1_convert_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_convert_interest:base/label | None | Convertible GAAP interest |
| /operating_model/cells/base_2027q1_convert_interest:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_convert_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_convert_interest:base/value | None | 4.5 |
| /operating_model/cells/base_2027q1_corporate_net_interest_cash:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_corporate_net_interest_cash:base/case | None | base |
| /operating_model/cells/base_2027q1_corporate_net_interest_cash:base/id | None | base_2027q1_corporate_net_interest_cash |
| /operating_model/cells/base_2027q1_corporate_net_interest_cash:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_corporate_net_interest_cash:base/label | None | Net corporate cash interest |
| /operating_model/cells/base_2027q1_corporate_net_interest_cash:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_corporate_net_interest_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_corporate_net_interest_cash:base/value | None | 1.0 |
| /operating_model/cells/base_2027q1_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_da:base/case | None | base |
| /operating_model/cells/base_2027q1_da:base/id | None | base_2027q1_da |
| /operating_model/cells/base_2027q1_da:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_da:base/label | None | Depreciation and amortization |
| /operating_model/cells/base_2027q1_da:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_da:base/value | None | 8.0 |
| /operating_model/cells/base_2027q1_debt_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_debt_principal:base/case | None | base |
| /operating_model/cells/base_2027q1_debt_principal:base/id | None | base_2027q1_debt_principal |
| /operating_model/cells/base_2027q1_debt_principal:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_debt_principal:base/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/base_2027q1_debt_principal:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_debt_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_debt_principal:base/value | None | 7.0 |
| /operating_model/cells/base_2027q1_ebitda_exclusions:base/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/base_2027q1_ebitda_exclusions:base/case | None | base |
| /operating_model/cells/base_2027q1_ebitda_exclusions:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_ebitda_exclusions:base/formula/refs/0 | None | base_2027q1_sbc |
| /operating_model/cells/base_2027q1_ebitda_exclusions:base/formula/refs/1 | None | base_2027q1_payroll |
| /operating_model/cells/base_2027q1_ebitda_exclusions:base/formula/refs/2 | None | base_2027q1_da |
| /operating_model/cells/base_2027q1_ebitda_exclusions:base/formula/refs/3 | None | base_2027q1_convert_interest |
| /operating_model/cells/base_2027q1_ebitda_exclusions:base/formula/refs/4 | None | base_2027q1_net_other_income |
| /operating_model/cells/base_2027q1_ebitda_exclusions:base/id | None | base_2027q1_ebitda_exclusions |
| /operating_model/cells/base_2027q1_ebitda_exclusions:base/kind | None | derived |
| /operating_model/cells/base_2027q1_ebitda_exclusions:base/label | None | GAAP bridge exclusions |
| /operating_model/cells/base_2027q1_ebitda_exclusions:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_ebitda_exclusions:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_ebitda_exclusions:base/value | None | 65.0 |
| /operating_model/cells/base_2027q1_fair_value_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_fair_value_loss:base/case | None | base |
| /operating_model/cells/base_2027q1_fair_value_loss:base/id | None | base_2027q1_fair_value_loss |
| /operating_model/cells/base_2027q1_fair_value_loss:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_fair_value_loss:base/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/base_2027q1_fair_value_loss:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_fair_value_loss:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_fair_value_loss:base/value | None | 20.0 |
| /operating_model/cells/base_2027q1_fee_realization:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_fee_realization:base/case | None | base |
| /operating_model/cells/base_2027q1_fee_realization:base/id | None | base_2027q1_fee_realization |
| /operating_model/cells/base_2027q1_fee_realization:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_fee_realization:base/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/base_2027q1_fee_realization:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_fee_realization:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_fee_realization:base/value | None | 0.9723743025431049 |
| /operating_model/cells/base_2027q1_fees:base/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/base_2027q1_fees:base/case | None | base |
| /operating_model/cells/base_2027q1_fees:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_fees:base/formula/refs/0 | None | base_2027q1_unsecured_fee |
| /operating_model/cells/base_2027q1_fees:base/formula/refs/1 | None | base_2027q1_secured_fee |
| /operating_model/cells/base_2027q1_fees:base/id | None | base_2027q1_fees |
| /operating_model/cells/base_2027q1_fees:base/kind | None | derived |
| /operating_model/cells/base_2027q1_fees:base/label | None | Total fee revenue |
| /operating_model/cells/base_2027q1_fees:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_fees:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_fees:base/value | None | 355.0 |
| /operating_model/cells/base_2027q1_fixed_adjusted_cost:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_fixed_adjusted_cost:base/case | None | base |
| /operating_model/cells/base_2027q1_fixed_adjusted_cost:base/id | None | base_2027q1_fixed_adjusted_cost |
| /operating_model/cells/base_2027q1_fixed_adjusted_cost:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_fixed_adjusted_cost:base/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/base_2027q1_fixed_adjusted_cost:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_fixed_adjusted_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_fixed_adjusted_cost:base/value | None | 132.0 |
| /operating_model/cells/base_2027q1_funding_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_funding_interest:base/case | None | base |
| /operating_model/cells/base_2027q1_funding_interest:base/id | None | base_2027q1_funding_interest |
| /operating_model/cells/base_2027q1_funding_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_funding_interest:base/label | None | Balance-sheet funding interest |
| /operating_model/cells/base_2027q1_funding_interest:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_funding_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_funding_interest:base/value | None | 16.0 |
| /operating_model/cells/base_2027q1_hfs_funding:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_hfs_funding:base/case | None | base |
| /operating_model/cells/base_2027q1_hfs_funding:base/id | None | base_2027q1_hfs_funding |
| /operating_model/cells/base_2027q1_hfs_funding:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_hfs_funding:base/label | None | Net operating loan-settlement funding |
| /operating_model/cells/base_2027q1_hfs_funding:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_hfs_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_hfs_funding:base/value | None | 70.0 |
| /operating_model/cells/base_2027q1_investment_and_claims:base/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/base_2027q1_investment_and_claims:base/case | None | base |
| /operating_model/cells/base_2027q1_investment_and_claims:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_investment_and_claims:base/formula/refs/0 | None | base_2027q1_capex |
| /operating_model/cells/base_2027q1_investment_and_claims:base/formula/refs/1 | None | base_2027q1_lending_investment |
| /operating_model/cells/base_2027q1_investment_and_claims:base/formula/refs/2 | None | base_2027q1_debt_principal |
| /operating_model/cells/base_2027q1_investment_and_claims:base/formula/refs/3 | None | base_2027q1_buybacks |
| /operating_model/cells/base_2027q1_investment_and_claims:base/id | None | base_2027q1_investment_and_claims |
| /operating_model/cells/base_2027q1_investment_and_claims:base/kind | None | derived |
| /operating_model/cells/base_2027q1_investment_and_claims:base/label | None | Loan investment capex and capital claims |
| /operating_model/cells/base_2027q1_investment_and_claims:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_investment_and_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_investment_and_claims:base/value | None | 42.0 |
| /operating_model/cells/base_2027q1_lending_investment:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_lending_investment:base/case | None | base |
| /operating_model/cells/base_2027q1_lending_investment:base/id | None | base_2027q1_lending_investment |
| /operating_model/cells/base_2027q1_lending_investment:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_lending_investment:base/label | None | Net HFI investment |
| /operating_model/cells/base_2027q1_lending_investment:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_lending_investment:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_lending_investment:base/value | None | 25.0 |
| /operating_model/cells/base_2027q1_loan_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_loan_interest:base/case | None | base |
| /operating_model/cells/base_2027q1_loan_interest:base/id | None | base_2027q1_loan_interest |
| /operating_model/cells/base_2027q1_loan_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_loan_interest:base/label | None | Loan interest income |
| /operating_model/cells/base_2027q1_loan_interest:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_loan_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_loan_interest:base/value | None | 64.0 |
| /operating_model/cells/base_2027q1_net_balance_revenue:base/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/base_2027q1_net_balance_revenue:base/case | None | base |
| /operating_model/cells/base_2027q1_net_balance_revenue:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_net_balance_revenue:base/formula/refs/0 | None | base_2027q1_loan_interest |
| /operating_model/cells/base_2027q1_net_balance_revenue:base/formula/refs/1 | None | base_2027q1_balance_cost |
| /operating_model/cells/base_2027q1_net_balance_revenue:base/id | None | base_2027q1_net_balance_revenue |
| /operating_model/cells/base_2027q1_net_balance_revenue:base/kind | None | derived |
| /operating_model/cells/base_2027q1_net_balance_revenue:base/label | None | Net balance-sheet revenue |
| /operating_model/cells/base_2027q1_net_balance_revenue:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_net_balance_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_net_balance_revenue:base/value | None | 28.0 |
| /operating_model/cells/base_2027q1_net_other_income:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_net_other_income:base/case | None | base |
| /operating_model/cells/base_2027q1_net_other_income:base/id | None | base_2027q1_net_other_income |
| /operating_model/cells/base_2027q1_net_other_income:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_net_other_income:base/label | None | Net other income after convertible interest |
| /operating_model/cells/base_2027q1_net_other_income:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_net_other_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_net_other_income:base/value | None | 2.0 |
| /operating_model/cells/base_2027q1_operating_income:base/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/base_2027q1_operating_income:base/case | None | base |
| /operating_model/cells/base_2027q1_operating_income:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_operating_income:base/formula/refs/0 | None | base_2027q1_adj_ebitda |
| /operating_model/cells/base_2027q1_operating_income:base/formula/refs/1 | None | base_2027q1_ebitda_exclusions |
| /operating_model/cells/base_2027q1_operating_income:base/id | None | base_2027q1_operating_income |
| /operating_model/cells/base_2027q1_operating_income:base/kind | None | derived |
| /operating_model/cells/base_2027q1_operating_income:base/label | None | GAAP operating income proxy |
| /operating_model/cells/base_2027q1_operating_income:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_operating_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_operating_income:base/value | None | 20.599999999999994 |
| /operating_model/cells/base_2027q1_operating_noncash_bridge:base/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/base_2027q1_operating_noncash_bridge:base/case | None | base |
| /operating_model/cells/base_2027q1_operating_noncash_bridge:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_operating_noncash_bridge:base/formula/refs/0 | None | base_2027q1_operating_income |
| /operating_model/cells/base_2027q1_operating_noncash_bridge:base/formula/refs/1 | None | base_2027q1_sbc |
| /operating_model/cells/base_2027q1_operating_noncash_bridge:base/formula/refs/2 | None | base_2027q1_da |
| /operating_model/cells/base_2027q1_operating_noncash_bridge:base/formula/refs/3 | None | base_2027q1_fair_value_loss |
| /operating_model/cells/base_2027q1_operating_noncash_bridge:base/id | None | base_2027q1_operating_noncash_bridge |
| /operating_model/cells/base_2027q1_operating_noncash_bridge:base/kind | None | derived |
| /operating_model/cells/base_2027q1_operating_noncash_bridge:base/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/base_2027q1_operating_noncash_bridge:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_operating_noncash_bridge:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_operating_noncash_bridge:base/value | None | 97.6 |
| /operating_model/cells/base_2027q1_payroll:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_payroll:base/case | None | base |
| /operating_model/cells/base_2027q1_payroll:base/id | None | base_2027q1_payroll |
| /operating_model/cells/base_2027q1_payroll:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_payroll:base/label | None | Equity payroll adjustment |
| /operating_model/cells/base_2027q1_payroll:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_payroll:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_payroll:base/value | None | 1.5 |
| /operating_model/cells/base_2027q1_revenue:base/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/base_2027q1_revenue:base/case | None | base |
| /operating_model/cells/base_2027q1_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_revenue:base/formula/refs/0 | None | base_2027q1_fees |
| /operating_model/cells/base_2027q1_revenue:base/formula/refs/1 | None | base_2027q1_net_balance_revenue |
| /operating_model/cells/base_2027q1_revenue:base/id | None | base_2027q1_revenue |
| /operating_model/cells/base_2027q1_revenue:base/kind | None | derived |
| /operating_model/cells/base_2027q1_revenue:base/label | None | Total revenue |
| /operating_model/cells/base_2027q1_revenue:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_revenue:base/value | None | 383.0 |
| /operating_model/cells/base_2027q1_sbc:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_sbc:base/case | None | base |
| /operating_model/cells/base_2027q1_sbc:base/id | None | base_2027q1_sbc |
| /operating_model/cells/base_2027q1_sbc:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_sbc:base/label | None | SBC expense |
| /operating_model/cells/base_2027q1_sbc:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_sbc:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_sbc:base/value | None | 49.0 |
| /operating_model/cells/base_2027q1_secured_cm:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_secured_cm:base/case | None | base |
| /operating_model/cells/base_2027q1_secured_cm:base/id | None | base_2027q1_secured_cm |
| /operating_model/cells/base_2027q1_secured_cm:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_secured_cm:base/label | None | Secured contribution margin |
| /operating_model/cells/base_2027q1_secured_cm:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_secured_cm:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_secured_cm:base/value | None | -0.05 |
| /operating_model/cells/base_2027q1_secured_contribution:base/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/base_2027q1_secured_contribution:base/case | None | base |
| /operating_model/cells/base_2027q1_secured_contribution:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q1_secured_contribution:base/formula/refs/0 | None | base_2027q1_secured_fee |
| /operating_model/cells/base_2027q1_secured_contribution:base/formula/refs/1 | None | base_2027q1_secured_cm |
| /operating_model/cells/base_2027q1_secured_contribution:base/id | None | base_2027q1_secured_contribution |
| /operating_model/cells/base_2027q1_secured_contribution:base/kind | None | derived |
| /operating_model/cells/base_2027q1_secured_contribution:base/label | None | Secured contribution |
| /operating_model/cells/base_2027q1_secured_contribution:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_secured_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_secured_contribution:base/value | None | -1.8 |
| /operating_model/cells/base_2027q1_secured_fee:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_secured_fee:base/case | None | base |
| /operating_model/cells/base_2027q1_secured_fee:base/id | None | base_2027q1_secured_fee |
| /operating_model/cells/base_2027q1_secured_fee:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_secured_fee:base/label | None | Secured fee revenue |
| /operating_model/cells/base_2027q1_secured_fee:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_secured_fee:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_secured_fee:base/value | None | 36.0 |
| /operating_model/cells/base_2027q1_unsecured_cm:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_unsecured_cm:base/case | None | base |
| /operating_model/cells/base_2027q1_unsecured_cm:base/id | None | base_2027q1_unsecured_cm |
| /operating_model/cells/base_2027q1_unsecured_cm:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_unsecured_cm:base/label | None | Unsecured contribution margin |
| /operating_model/cells/base_2027q1_unsecured_cm:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_unsecured_cm:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_unsecured_cm:base/value | None | 0.6 |
| /operating_model/cells/base_2027q1_unsecured_contribution:base/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/base_2027q1_unsecured_contribution:base/case | None | base |
| /operating_model/cells/base_2027q1_unsecured_contribution:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q1_unsecured_contribution:base/formula/refs/0 | None | base_2027q1_unsecured_fee |
| /operating_model/cells/base_2027q1_unsecured_contribution:base/formula/refs/1 | None | base_2027q1_unsecured_cm |
| /operating_model/cells/base_2027q1_unsecured_contribution:base/id | None | base_2027q1_unsecured_contribution |
| /operating_model/cells/base_2027q1_unsecured_contribution:base/kind | None | derived |
| /operating_model/cells/base_2027q1_unsecured_contribution:base/label | None | Unsecured contribution |
| /operating_model/cells/base_2027q1_unsecured_contribution:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_unsecured_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_unsecured_contribution:base/value | None | 191.4 |
| /operating_model/cells/base_2027q1_unsecured_fee:base/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/base_2027q1_unsecured_fee:base/case | None | base |
| /operating_model/cells/base_2027q1_unsecured_fee:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q1_unsecured_fee:base/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/base_2027q1_unsecured_fee:base/formula/refs/1 | None | base_2027q1_activity |
| /operating_model/cells/base_2027q1_unsecured_fee:base/formula/refs/2 | None | base_2027q1_fee_realization |
| /operating_model/cells/base_2027q1_unsecured_fee:base/id | None | base_2027q1_unsecured_fee |
| /operating_model/cells/base_2027q1_unsecured_fee:base/kind | None | derived |
| /operating_model/cells/base_2027q1_unsecured_fee:base/label | None | Unsecured fee revenue |
| /operating_model/cells/base_2027q1_unsecured_fee:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_unsecured_fee:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_unsecured_fee:base/value | None | 319.0 |
| /operating_model/cells/base_2027q1_volume:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_volume:base/case | None | base |
| /operating_model/cells/base_2027q1_volume:base/id | None | base_2027q1_volume |
| /operating_model/cells/base_2027q1_volume:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_volume:base/label | None | Facilitated principal |
| /operating_model/cells/base_2027q1_volume:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_volume:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_volume:base/value | None | 4250.0 |
| /operating_model/cells/base_2027q1_working_capital_use:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_working_capital_use:base/case | None | base |
| /operating_model/cells/base_2027q1_working_capital_use:base/id | None | base_2027q1_working_capital_use |
| /operating_model/cells/base_2027q1_working_capital_use:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_working_capital_use:base/label | None | Other working-capital and settlement use |
| /operating_model/cells/base_2027q1_working_capital_use:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_working_capital_use:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_working_capital_use:base/value | None | 19.0 |
| /operating_model/cells/base_2027q2_activity:base/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/base_2027q2_activity:base/case | None | base |
| /operating_model/cells/base_2027q2_activity:base/formula/op | None | divide |
| /operating_model/cells/base_2027q2_activity:base/formula/refs/0 | None | base_2027q2_volume |
| /operating_model/cells/base_2027q2_activity:base/formula/refs/1 | None | q2_volume |
| /operating_model/cells/base_2027q2_activity:base/id | None | base_2027q2_activity |
| /operating_model/cells/base_2027q2_activity:base/kind | None | derived |
| /operating_model/cells/base_2027q2_activity:base/label | None | Activity versus Q2 |
| /operating_model/cells/base_2027q2_activity:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_activity:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_activity:base/value | None | 1.1118539241583147 |
| /operating_model/cells/base_2027q2_adj_ebitda:base/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/base_2027q2_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_2027q2_adj_ebitda:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_adj_ebitda:base/formula/refs/0 | None | base_2027q2_contribution_plus_balance |
| /operating_model/cells/base_2027q2_adj_ebitda:base/formula/refs/1 | None | base_2027q2_fixed_adjusted_cost |
| /operating_model/cells/base_2027q2_adj_ebitda:base/id | None | base_2027q2_adj_ebitda |
| /operating_model/cells/base_2027q2_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_2027q2_adj_ebitda:base/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/base_2027q2_adj_ebitda:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_adj_ebitda:base/value | None | 91.5 |
| /operating_model/cells/base_2027q2_asset_cash:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_asset_cash:base/case | None | base |
| /operating_model/cells/base_2027q2_asset_cash:base/id | None | base_2027q2_asset_cash |
| /operating_model/cells/base_2027q2_asset_cash:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_asset_cash:base/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/base_2027q2_asset_cash:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_asset_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_asset_cash:base/value | None | 30.0 |
| /operating_model/cells/base_2027q2_available_cash:base/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/base_2027q2_available_cash:base/case | None | base |
| /operating_model/cells/base_2027q2_available_cash:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_available_cash:base/formula/refs/0 | None | base_2027q2_cfo |
| /operating_model/cells/base_2027q2_available_cash:base/formula/refs/1 | None | base_2027q2_asset_cash |
| /operating_model/cells/base_2027q2_available_cash:base/id | None | base_2027q2_available_cash |
| /operating_model/cells/base_2027q2_available_cash:base/kind | None | derived |
| /operating_model/cells/base_2027q2_available_cash:base/label | None | CFO plus asset receipts |
| /operating_model/cells/base_2027q2_available_cash:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_available_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_available_cash:base/value | None | 18.5 |
| /operating_model/cells/base_2027q2_balance_cost:base/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/base_2027q2_balance_cost:base/case | None | base |
| /operating_model/cells/base_2027q2_balance_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_balance_cost:base/formula/refs/0 | None | base_2027q2_funding_interest |
| /operating_model/cells/base_2027q2_balance_cost:base/formula/refs/1 | None | base_2027q2_fair_value_loss |
| /operating_model/cells/base_2027q2_balance_cost:base/id | None | base_2027q2_balance_cost |
| /operating_model/cells/base_2027q2_balance_cost:base/kind | None | derived |
| /operating_model/cells/base_2027q2_balance_cost:base/label | None | Funding and fair-value costs |
| /operating_model/cells/base_2027q2_balance_cost:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_balance_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_balance_cost:base/value | None | 37.0 |
| /operating_model/cells/base_2027q2_buybacks:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_buybacks:base/case | None | base |
| /operating_model/cells/base_2027q2_buybacks:base/id | None | base_2027q2_buybacks |
| /operating_model/cells/base_2027q2_buybacks:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_buybacks:base/label | None | Optional repurchases |
| /operating_model/cells/base_2027q2_buybacks:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_buybacks:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_buybacks:base/value | None | 0.0 |
| /operating_model/cells/base_2027q2_capex:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_capex:base/case | None | base |
| /operating_model/cells/base_2027q2_capex:base/id | None | base_2027q2_capex |
| /operating_model/cells/base_2027q2_capex:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_capex:base/label | None | Cash PP&E and software |
| /operating_model/cells/base_2027q2_capex:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_capex:base/value | None | 11.0 |
| /operating_model/cells/base_2027q2_cash_after_claims:base/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/base_2027q2_cash_after_claims:base/case | None | base |
| /operating_model/cells/base_2027q2_cash_after_claims:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_cash_after_claims:base/formula/refs/0 | None | base_2027q2_available_cash |
| /operating_model/cells/base_2027q2_cash_after_claims:base/formula/refs/1 | None | base_2027q2_investment_and_claims |
| /operating_model/cells/base_2027q2_cash_after_claims:base/id | None | base_2027q2_cash_after_claims |
| /operating_model/cells/base_2027q2_cash_after_claims:base/kind | None | derived |
| /operating_model/cells/base_2027q2_cash_after_claims:base/label | None | Cash after lending and capital claims |
| /operating_model/cells/base_2027q2_cash_after_claims:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_cash_after_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_cash_after_claims:base/value | None | -29.5 |
| /operating_model/cells/base_2027q2_cash_before_settlement:base/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/base_2027q2_cash_before_settlement:base/case | None | base |
| /operating_model/cells/base_2027q2_cash_before_settlement:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_cash_before_settlement:base/formula/refs/0 | None | base_2027q2_operating_noncash_bridge |
| /operating_model/cells/base_2027q2_cash_before_settlement:base/formula/refs/1 | None | base_2027q2_cash_timing |
| /operating_model/cells/base_2027q2_cash_before_settlement:base/id | None | base_2027q2_cash_before_settlement |
| /operating_model/cells/base_2027q2_cash_before_settlement:base/kind | None | derived |
| /operating_model/cells/base_2027q2_cash_before_settlement:base/label | None | Cash before operating loan settlement |
| /operating_model/cells/base_2027q2_cash_before_settlement:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_cash_before_settlement:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_cash_before_settlement:base/value | None | 78.5 |
| /operating_model/cells/base_2027q2_cash_tax:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_cash_tax:base/case | None | base |
| /operating_model/cells/base_2027q2_cash_tax:base/id | None | base_2027q2_cash_tax |
| /operating_model/cells/base_2027q2_cash_tax:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_cash_tax:base/label | None | Cash tax |
| /operating_model/cells/base_2027q2_cash_tax:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_cash_tax:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_cash_tax:base/value | None | 3.0 |
| /operating_model/cells/base_2027q2_cash_timing:base/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/base_2027q2_cash_timing:base/case | None | base |
| /operating_model/cells/base_2027q2_cash_timing:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_cash_timing:base/formula/refs/0 | None | base_2027q2_cash_tax |
| /operating_model/cells/base_2027q2_cash_timing:base/formula/refs/1 | None | base_2027q2_corporate_net_interest_cash |
| /operating_model/cells/base_2027q2_cash_timing:base/formula/refs/2 | None | base_2027q2_working_capital_use |
| /operating_model/cells/base_2027q2_cash_timing:base/id | None | base_2027q2_cash_timing |
| /operating_model/cells/base_2027q2_cash_timing:base/kind | None | derived |
| /operating_model/cells/base_2027q2_cash_timing:base/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/base_2027q2_cash_timing:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_cash_timing:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_cash_timing:base/value | None | 25.0 |
| /operating_model/cells/base_2027q2_cfo:base/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/base_2027q2_cfo:base/case | None | base |
| /operating_model/cells/base_2027q2_cfo:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_cfo:base/formula/refs/0 | None | base_2027q2_cash_before_settlement |
| /operating_model/cells/base_2027q2_cfo:base/formula/refs/1 | None | base_2027q2_hfs_funding |
| /operating_model/cells/base_2027q2_cfo:base/id | None | base_2027q2_cfo |
| /operating_model/cells/base_2027q2_cfo:base/kind | None | derived |
| /operating_model/cells/base_2027q2_cfo:base/label | None | CFO after operating loan settlement |
| /operating_model/cells/base_2027q2_cfo:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_cfo:base/value | None | -11.5 |
| /operating_model/cells/base_2027q2_contribution:base/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/base_2027q2_contribution:base/case | None | base |
| /operating_model/cells/base_2027q2_contribution:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_contribution:base/formula/refs/0 | None | base_2027q2_unsecured_contribution |
| /operating_model/cells/base_2027q2_contribution:base/formula/refs/1 | None | base_2027q2_secured_contribution |
| /operating_model/cells/base_2027q2_contribution:base/id | None | base_2027q2_contribution |
| /operating_model/cells/base_2027q2_contribution:base/kind | None | derived |
| /operating_model/cells/base_2027q2_contribution:base/label | None | Fee contribution profit |
| /operating_model/cells/base_2027q2_contribution:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_contribution:base/value | None | 206.5 |
| /operating_model/cells/base_2027q2_contribution_plus_balance:base/basis | None | Direct fee costs already removed. |
| /operating_model/cells/base_2027q2_contribution_plus_balance:base/case | None | base |
| /operating_model/cells/base_2027q2_contribution_plus_balance:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_contribution_plus_balance:base/formula/refs/0 | None | base_2027q2_contribution |
| /operating_model/cells/base_2027q2_contribution_plus_balance:base/formula/refs/1 | None | base_2027q2_net_balance_revenue |
| /operating_model/cells/base_2027q2_contribution_plus_balance:base/id | None | base_2027q2_contribution_plus_balance |
| /operating_model/cells/base_2027q2_contribution_plus_balance:base/kind | None | derived |
| /operating_model/cells/base_2027q2_contribution_plus_balance:base/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/base_2027q2_contribution_plus_balance:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_contribution_plus_balance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_contribution_plus_balance:base/value | None | 236.5 |
| /operating_model/cells/base_2027q2_convert_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_convert_interest:base/case | None | base |
| /operating_model/cells/base_2027q2_convert_interest:base/id | None | base_2027q2_convert_interest |
| /operating_model/cells/base_2027q2_convert_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_convert_interest:base/label | None | Convertible GAAP interest |
| /operating_model/cells/base_2027q2_convert_interest:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_convert_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_convert_interest:base/value | None | 4.5 |
| /operating_model/cells/base_2027q2_corporate_net_interest_cash:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_corporate_net_interest_cash:base/case | None | base |
| /operating_model/cells/base_2027q2_corporate_net_interest_cash:base/id | None | base_2027q2_corporate_net_interest_cash |
| /operating_model/cells/base_2027q2_corporate_net_interest_cash:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_corporate_net_interest_cash:base/label | None | Net corporate cash interest |
| /operating_model/cells/base_2027q2_corporate_net_interest_cash:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_corporate_net_interest_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_corporate_net_interest_cash:base/value | None | 1.0 |
| /operating_model/cells/base_2027q2_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_da:base/case | None | base |
| /operating_model/cells/base_2027q2_da:base/id | None | base_2027q2_da |
| /operating_model/cells/base_2027q2_da:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_da:base/label | None | Depreciation and amortization |
| /operating_model/cells/base_2027q2_da:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_da:base/value | None | 8.5 |
| /operating_model/cells/base_2027q2_debt_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_debt_principal:base/case | None | base |
| /operating_model/cells/base_2027q2_debt_principal:base/id | None | base_2027q2_debt_principal |
| /operating_model/cells/base_2027q2_debt_principal:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_debt_principal:base/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/base_2027q2_debt_principal:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_debt_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_debt_principal:base/value | None | 7.0 |
| /operating_model/cells/base_2027q2_ebitda_exclusions:base/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/base_2027q2_ebitda_exclusions:base/case | None | base |
| /operating_model/cells/base_2027q2_ebitda_exclusions:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_ebitda_exclusions:base/formula/refs/0 | None | base_2027q2_sbc |
| /operating_model/cells/base_2027q2_ebitda_exclusions:base/formula/refs/1 | None | base_2027q2_payroll |
| /operating_model/cells/base_2027q2_ebitda_exclusions:base/formula/refs/2 | None | base_2027q2_da |
| /operating_model/cells/base_2027q2_ebitda_exclusions:base/formula/refs/3 | None | base_2027q2_convert_interest |
| /operating_model/cells/base_2027q2_ebitda_exclusions:base/formula/refs/4 | None | base_2027q2_net_other_income |
| /operating_model/cells/base_2027q2_ebitda_exclusions:base/id | None | base_2027q2_ebitda_exclusions |
| /operating_model/cells/base_2027q2_ebitda_exclusions:base/kind | None | derived |
| /operating_model/cells/base_2027q2_ebitda_exclusions:base/label | None | GAAP bridge exclusions |
| /operating_model/cells/base_2027q2_ebitda_exclusions:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_ebitda_exclusions:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_ebitda_exclusions:base/value | None | 68.5 |
| /operating_model/cells/base_2027q2_fair_value_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_fair_value_loss:base/case | None | base |
| /operating_model/cells/base_2027q2_fair_value_loss:base/id | None | base_2027q2_fair_value_loss |
| /operating_model/cells/base_2027q2_fair_value_loss:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_fair_value_loss:base/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/base_2027q2_fair_value_loss:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_fair_value_loss:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_fair_value_loss:base/value | None | 20.0 |
| /operating_model/cells/base_2027q2_fee_realization:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_fee_realization:base/case | None | base |
| /operating_model/cells/base_2027q2_fee_realization:base/id | None | base_2027q2_fee_realization |
| /operating_model/cells/base_2027q2_fee_realization:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_fee_realization:base/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/base_2027q2_fee_realization:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_fee_realization:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_fee_realization:base/value | None | 0.9536959993928071 |
| /operating_model/cells/base_2027q2_fees:base/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/base_2027q2_fees:base/case | None | base |
| /operating_model/cells/base_2027q2_fees:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_fees:base/formula/refs/0 | None | base_2027q2_unsecured_fee |
| /operating_model/cells/base_2027q2_fees:base/formula/refs/1 | None | base_2027q2_secured_fee |
| /operating_model/cells/base_2027q2_fees:base/id | None | base_2027q2_fees |
| /operating_model/cells/base_2027q2_fees:base/kind | None | derived |
| /operating_model/cells/base_2027q2_fees:base/label | None | Total fee revenue |
| /operating_model/cells/base_2027q2_fees:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_fees:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_fees:base/value | None | 390.0 |
| /operating_model/cells/base_2027q2_fixed_adjusted_cost:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_fixed_adjusted_cost:base/case | None | base |
| /operating_model/cells/base_2027q2_fixed_adjusted_cost:base/id | None | base_2027q2_fixed_adjusted_cost |
| /operating_model/cells/base_2027q2_fixed_adjusted_cost:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_fixed_adjusted_cost:base/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/base_2027q2_fixed_adjusted_cost:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_fixed_adjusted_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_fixed_adjusted_cost:base/value | None | 145.0 |
| /operating_model/cells/base_2027q2_funding_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_funding_interest:base/case | None | base |
| /operating_model/cells/base_2027q2_funding_interest:base/id | None | base_2027q2_funding_interest |
| /operating_model/cells/base_2027q2_funding_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_funding_interest:base/label | None | Balance-sheet funding interest |
| /operating_model/cells/base_2027q2_funding_interest:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_funding_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_funding_interest:base/value | None | 17.0 |
| /operating_model/cells/base_2027q2_hfs_funding:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_hfs_funding:base/case | None | base |
| /operating_model/cells/base_2027q2_hfs_funding:base/id | None | base_2027q2_hfs_funding |
| /operating_model/cells/base_2027q2_hfs_funding:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_hfs_funding:base/label | None | Net operating loan-settlement funding |
| /operating_model/cells/base_2027q2_hfs_funding:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_hfs_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_hfs_funding:base/value | None | 90.0 |
| /operating_model/cells/base_2027q2_investment_and_claims:base/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/base_2027q2_investment_and_claims:base/case | None | base |
| /operating_model/cells/base_2027q2_investment_and_claims:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_investment_and_claims:base/formula/refs/0 | None | base_2027q2_capex |
| /operating_model/cells/base_2027q2_investment_and_claims:base/formula/refs/1 | None | base_2027q2_lending_investment |
| /operating_model/cells/base_2027q2_investment_and_claims:base/formula/refs/2 | None | base_2027q2_debt_principal |
| /operating_model/cells/base_2027q2_investment_and_claims:base/formula/refs/3 | None | base_2027q2_buybacks |
| /operating_model/cells/base_2027q2_investment_and_claims:base/id | None | base_2027q2_investment_and_claims |
| /operating_model/cells/base_2027q2_investment_and_claims:base/kind | None | derived |
| /operating_model/cells/base_2027q2_investment_and_claims:base/label | None | Loan investment capex and capital claims |
| /operating_model/cells/base_2027q2_investment_and_claims:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_investment_and_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_investment_and_claims:base/value | None | 48.0 |
| /operating_model/cells/base_2027q2_lending_investment:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_lending_investment:base/case | None | base |
| /operating_model/cells/base_2027q2_lending_investment:base/id | None | base_2027q2_lending_investment |
| /operating_model/cells/base_2027q2_lending_investment:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_lending_investment:base/label | None | Net HFI investment |
| /operating_model/cells/base_2027q2_lending_investment:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_lending_investment:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_lending_investment:base/value | None | 30.0 |
| /operating_model/cells/base_2027q2_loan_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_loan_interest:base/case | None | base |
| /operating_model/cells/base_2027q2_loan_interest:base/id | None | base_2027q2_loan_interest |
| /operating_model/cells/base_2027q2_loan_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_loan_interest:base/label | None | Loan interest income |
| /operating_model/cells/base_2027q2_loan_interest:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_loan_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_loan_interest:base/value | None | 67.0 |
| /operating_model/cells/base_2027q2_net_balance_revenue:base/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/base_2027q2_net_balance_revenue:base/case | None | base |
| /operating_model/cells/base_2027q2_net_balance_revenue:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_net_balance_revenue:base/formula/refs/0 | None | base_2027q2_loan_interest |
| /operating_model/cells/base_2027q2_net_balance_revenue:base/formula/refs/1 | None | base_2027q2_balance_cost |
| /operating_model/cells/base_2027q2_net_balance_revenue:base/id | None | base_2027q2_net_balance_revenue |
| /operating_model/cells/base_2027q2_net_balance_revenue:base/kind | None | derived |
| /operating_model/cells/base_2027q2_net_balance_revenue:base/label | None | Net balance-sheet revenue |
| /operating_model/cells/base_2027q2_net_balance_revenue:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_net_balance_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_net_balance_revenue:base/value | None | 30.0 |
| /operating_model/cells/base_2027q2_net_other_income:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_net_other_income:base/case | None | base |
| /operating_model/cells/base_2027q2_net_other_income:base/id | None | base_2027q2_net_other_income |
| /operating_model/cells/base_2027q2_net_other_income:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_net_other_income:base/label | None | Net other income after convertible interest |
| /operating_model/cells/base_2027q2_net_other_income:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_net_other_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_net_other_income:base/value | None | 2.0 |
| /operating_model/cells/base_2027q2_operating_income:base/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/base_2027q2_operating_income:base/case | None | base |
| /operating_model/cells/base_2027q2_operating_income:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_operating_income:base/formula/refs/0 | None | base_2027q2_adj_ebitda |
| /operating_model/cells/base_2027q2_operating_income:base/formula/refs/1 | None | base_2027q2_ebitda_exclusions |
| /operating_model/cells/base_2027q2_operating_income:base/id | None | base_2027q2_operating_income |
| /operating_model/cells/base_2027q2_operating_income:base/kind | None | derived |
| /operating_model/cells/base_2027q2_operating_income:base/label | None | GAAP operating income proxy |
| /operating_model/cells/base_2027q2_operating_income:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_operating_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_operating_income:base/value | None | 23.0 |
| /operating_model/cells/base_2027q2_operating_noncash_bridge:base/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/base_2027q2_operating_noncash_bridge:base/case | None | base |
| /operating_model/cells/base_2027q2_operating_noncash_bridge:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_operating_noncash_bridge:base/formula/refs/0 | None | base_2027q2_operating_income |
| /operating_model/cells/base_2027q2_operating_noncash_bridge:base/formula/refs/1 | None | base_2027q2_sbc |
| /operating_model/cells/base_2027q2_operating_noncash_bridge:base/formula/refs/2 | None | base_2027q2_da |
| /operating_model/cells/base_2027q2_operating_noncash_bridge:base/formula/refs/3 | None | base_2027q2_fair_value_loss |
| /operating_model/cells/base_2027q2_operating_noncash_bridge:base/id | None | base_2027q2_operating_noncash_bridge |
| /operating_model/cells/base_2027q2_operating_noncash_bridge:base/kind | None | derived |
| /operating_model/cells/base_2027q2_operating_noncash_bridge:base/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/base_2027q2_operating_noncash_bridge:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_operating_noncash_bridge:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_operating_noncash_bridge:base/value | None | 103.5 |
| /operating_model/cells/base_2027q2_payroll:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_payroll:base/case | None | base |
| /operating_model/cells/base_2027q2_payroll:base/id | None | base_2027q2_payroll |
| /operating_model/cells/base_2027q2_payroll:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_payroll:base/label | None | Equity payroll adjustment |
| /operating_model/cells/base_2027q2_payroll:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_payroll:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_payroll:base/value | None | 1.5 |
| /operating_model/cells/base_2027q2_revenue:base/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/base_2027q2_revenue:base/case | None | base |
| /operating_model/cells/base_2027q2_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_revenue:base/formula/refs/0 | None | base_2027q2_fees |
| /operating_model/cells/base_2027q2_revenue:base/formula/refs/1 | None | base_2027q2_net_balance_revenue |
| /operating_model/cells/base_2027q2_revenue:base/id | None | base_2027q2_revenue |
| /operating_model/cells/base_2027q2_revenue:base/kind | None | derived |
| /operating_model/cells/base_2027q2_revenue:base/label | None | Total revenue |
| /operating_model/cells/base_2027q2_revenue:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_revenue:base/value | None | 420.0 |
| /operating_model/cells/base_2027q2_sbc:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_sbc:base/case | None | base |
| /operating_model/cells/base_2027q2_sbc:base/id | None | base_2027q2_sbc |
| /operating_model/cells/base_2027q2_sbc:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_sbc:base/label | None | SBC expense |
| /operating_model/cells/base_2027q2_sbc:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_sbc:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_sbc:base/value | None | 52.0 |
| /operating_model/cells/base_2027q2_secured_cm:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_secured_cm:base/case | None | base |
| /operating_model/cells/base_2027q2_secured_cm:base/id | None | base_2027q2_secured_cm |
| /operating_model/cells/base_2027q2_secured_cm:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_secured_cm:base/label | None | Secured contribution margin |
| /operating_model/cells/base_2027q2_secured_cm:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_secured_cm:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_secured_cm:base/value | None | -0.024999999999999994 |
| /operating_model/cells/base_2027q2_secured_contribution:base/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/base_2027q2_secured_contribution:base/case | None | base |
| /operating_model/cells/base_2027q2_secured_contribution:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q2_secured_contribution:base/formula/refs/0 | None | base_2027q2_secured_fee |
| /operating_model/cells/base_2027q2_secured_contribution:base/formula/refs/1 | None | base_2027q2_secured_cm |
| /operating_model/cells/base_2027q2_secured_contribution:base/id | None | base_2027q2_secured_contribution |
| /operating_model/cells/base_2027q2_secured_contribution:base/kind | None | derived |
| /operating_model/cells/base_2027q2_secured_contribution:base/label | None | Secured contribution |
| /operating_model/cells/base_2027q2_secured_contribution:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_secured_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_secured_contribution:base/value | None | -1.0999999999999996 |
| /operating_model/cells/base_2027q2_secured_fee:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_secured_fee:base/case | None | base |
| /operating_model/cells/base_2027q2_secured_fee:base/id | None | base_2027q2_secured_fee |
| /operating_model/cells/base_2027q2_secured_fee:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_secured_fee:base/label | None | Secured fee revenue |
| /operating_model/cells/base_2027q2_secured_fee:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_secured_fee:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_secured_fee:base/value | None | 44.0 |
| /operating_model/cells/base_2027q2_unsecured_cm:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_unsecured_cm:base/case | None | base |
| /operating_model/cells/base_2027q2_unsecured_cm:base/id | None | base_2027q2_unsecured_cm |
| /operating_model/cells/base_2027q2_unsecured_cm:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_unsecured_cm:base/label | None | Unsecured contribution margin |
| /operating_model/cells/base_2027q2_unsecured_cm:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_unsecured_cm:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_unsecured_cm:base/value | None | 0.6 |
| /operating_model/cells/base_2027q2_unsecured_contribution:base/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/base_2027q2_unsecured_contribution:base/case | None | base |
| /operating_model/cells/base_2027q2_unsecured_contribution:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q2_unsecured_contribution:base/formula/refs/0 | None | base_2027q2_unsecured_fee |
| /operating_model/cells/base_2027q2_unsecured_contribution:base/formula/refs/1 | None | base_2027q2_unsecured_cm |
| /operating_model/cells/base_2027q2_unsecured_contribution:base/id | None | base_2027q2_unsecured_contribution |
| /operating_model/cells/base_2027q2_unsecured_contribution:base/kind | None | derived |
| /operating_model/cells/base_2027q2_unsecured_contribution:base/label | None | Unsecured contribution |
| /operating_model/cells/base_2027q2_unsecured_contribution:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_unsecured_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_unsecured_contribution:base/value | None | 207.6 |
| /operating_model/cells/base_2027q2_unsecured_fee:base/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/base_2027q2_unsecured_fee:base/case | None | base |
| /operating_model/cells/base_2027q2_unsecured_fee:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q2_unsecured_fee:base/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/base_2027q2_unsecured_fee:base/formula/refs/1 | None | base_2027q2_activity |
| /operating_model/cells/base_2027q2_unsecured_fee:base/formula/refs/2 | None | base_2027q2_fee_realization |
| /operating_model/cells/base_2027q2_unsecured_fee:base/id | None | base_2027q2_unsecured_fee |
| /operating_model/cells/base_2027q2_unsecured_fee:base/kind | None | derived |
| /operating_model/cells/base_2027q2_unsecured_fee:base/label | None | Unsecured fee revenue |
| /operating_model/cells/base_2027q2_unsecured_fee:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_unsecured_fee:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_unsecured_fee:base/value | None | 346.0 |
| /operating_model/cells/base_2027q2_volume:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_volume:base/case | None | base |
| /operating_model/cells/base_2027q2_volume:base/id | None | base_2027q2_volume |
| /operating_model/cells/base_2027q2_volume:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_volume:base/label | None | Facilitated principal |
| /operating_model/cells/base_2027q2_volume:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_volume:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_volume:base/value | None | 4700.0 |
| /operating_model/cells/base_2027q2_working_capital_use:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_working_capital_use:base/case | None | base |
| /operating_model/cells/base_2027q2_working_capital_use:base/id | None | base_2027q2_working_capital_use |
| /operating_model/cells/base_2027q2_working_capital_use:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_working_capital_use:base/label | None | Other working-capital and settlement use |
| /operating_model/cells/base_2027q2_working_capital_use:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_working_capital_use:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_working_capital_use:base/value | None | 21.0 |
| /operating_model/cells/base_2027q3_activity:base/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/base_2027q3_activity:base/case | None | base |
| /operating_model/cells/base_2027q3_activity:base/formula/op | None | divide |
| /operating_model/cells/base_2027q3_activity:base/formula/refs/0 | None | base_2027q3_volume |
| /operating_model/cells/base_2027q3_activity:base/formula/refs/1 | None | q2_volume |
| /operating_model/cells/base_2027q3_activity:base/id | None | base_2027q3_activity |
| /operating_model/cells/base_2027q3_activity:base/kind | None | derived |
| /operating_model/cells/base_2027q3_activity:base/label | None | Activity versus Q2 |
| /operating_model/cells/base_2027q3_activity:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_activity:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_activity:base/value | None | 1.2064797900441289 |
| /operating_model/cells/base_2027q3_adj_ebitda:base/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/base_2027q3_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_2027q3_adj_ebitda:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_adj_ebitda:base/formula/refs/0 | None | base_2027q3_contribution_plus_balance |
| /operating_model/cells/base_2027q3_adj_ebitda:base/formula/refs/1 | None | base_2027q3_fixed_adjusted_cost |
| /operating_model/cells/base_2027q3_adj_ebitda:base/id | None | base_2027q3_adj_ebitda |
| /operating_model/cells/base_2027q3_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_2027q3_adj_ebitda:base/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/base_2027q3_adj_ebitda:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_adj_ebitda:base/value | None | 96.60000000000002 |
| /operating_model/cells/base_2027q3_asset_cash:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_asset_cash:base/case | None | base |
| /operating_model/cells/base_2027q3_asset_cash:base/id | None | base_2027q3_asset_cash |
| /operating_model/cells/base_2027q3_asset_cash:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_asset_cash:base/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/base_2027q3_asset_cash:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_asset_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_asset_cash:base/value | None | 30.0 |
| /operating_model/cells/base_2027q3_available_cash:base/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/base_2027q3_available_cash:base/case | None | base |
| /operating_model/cells/base_2027q3_available_cash:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_available_cash:base/formula/refs/0 | None | base_2027q3_cfo |
| /operating_model/cells/base_2027q3_available_cash:base/formula/refs/1 | None | base_2027q3_asset_cash |
| /operating_model/cells/base_2027q3_available_cash:base/id | None | base_2027q3_available_cash |
| /operating_model/cells/base_2027q3_available_cash:base/kind | None | derived |
| /operating_model/cells/base_2027q3_available_cash:base/label | None | CFO plus asset receipts |
| /operating_model/cells/base_2027q3_available_cash:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_available_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_available_cash:base/value | None | 12.600000000000023 |
| /operating_model/cells/base_2027q3_balance_cost:base/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/base_2027q3_balance_cost:base/case | None | base |
| /operating_model/cells/base_2027q3_balance_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_balance_cost:base/formula/refs/0 | None | base_2027q3_funding_interest |
| /operating_model/cells/base_2027q3_balance_cost:base/formula/refs/1 | None | base_2027q3_fair_value_loss |
| /operating_model/cells/base_2027q3_balance_cost:base/id | None | base_2027q3_balance_cost |
| /operating_model/cells/base_2027q3_balance_cost:base/kind | None | derived |
| /operating_model/cells/base_2027q3_balance_cost:base/label | None | Funding and fair-value costs |
| /operating_model/cells/base_2027q3_balance_cost:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_balance_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_balance_cost:base/value | None | 39.0 |
| /operating_model/cells/base_2027q3_buybacks:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_buybacks:base/case | None | base |
| /operating_model/cells/base_2027q3_buybacks:base/id | None | base_2027q3_buybacks |
| /operating_model/cells/base_2027q3_buybacks:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_buybacks:base/label | None | Optional repurchases |
| /operating_model/cells/base_2027q3_buybacks:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_buybacks:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_buybacks:base/value | None | 0.0 |
| /operating_model/cells/base_2027q3_capex:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_capex:base/case | None | base |
| /operating_model/cells/base_2027q3_capex:base/id | None | base_2027q3_capex |
| /operating_model/cells/base_2027q3_capex:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_capex:base/label | None | Cash PP&E and software |
| /operating_model/cells/base_2027q3_capex:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_capex:base/value | None | 12.0 |
| /operating_model/cells/base_2027q3_cash_after_claims:base/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/base_2027q3_cash_after_claims:base/case | None | base |
| /operating_model/cells/base_2027q3_cash_after_claims:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_cash_after_claims:base/formula/refs/0 | None | base_2027q3_available_cash |
| /operating_model/cells/base_2027q3_cash_after_claims:base/formula/refs/1 | None | base_2027q3_investment_and_claims |
| /operating_model/cells/base_2027q3_cash_after_claims:base/id | None | base_2027q3_cash_after_claims |
| /operating_model/cells/base_2027q3_cash_after_claims:base/kind | None | derived |
| /operating_model/cells/base_2027q3_cash_after_claims:base/label | None | Cash after lending and capital claims |
| /operating_model/cells/base_2027q3_cash_after_claims:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_cash_after_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_cash_after_claims:base/value | None | -41.39999999999998 |
| /operating_model/cells/base_2027q3_cash_before_settlement:base/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/base_2027q3_cash_before_settlement:base/case | None | base |
| /operating_model/cells/base_2027q3_cash_before_settlement:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_cash_before_settlement:base/formula/refs/0 | None | base_2027q3_operating_noncash_bridge |
| /operating_model/cells/base_2027q3_cash_before_settlement:base/formula/refs/1 | None | base_2027q3_cash_timing |
| /operating_model/cells/base_2027q3_cash_before_settlement:base/id | None | base_2027q3_cash_before_settlement |
| /operating_model/cells/base_2027q3_cash_before_settlement:base/kind | None | derived |
| /operating_model/cells/base_2027q3_cash_before_settlement:base/label | None | Cash before operating loan settlement |
| /operating_model/cells/base_2027q3_cash_before_settlement:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_cash_before_settlement:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_cash_before_settlement:base/value | None | 82.60000000000002 |
| /operating_model/cells/base_2027q3_cash_tax:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_cash_tax:base/case | None | base |
| /operating_model/cells/base_2027q3_cash_tax:base/id | None | base_2027q3_cash_tax |
| /operating_model/cells/base_2027q3_cash_tax:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_cash_tax:base/label | None | Cash tax |
| /operating_model/cells/base_2027q3_cash_tax:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_cash_tax:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_cash_tax:base/value | None | 3.0 |
| /operating_model/cells/base_2027q3_cash_timing:base/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/base_2027q3_cash_timing:base/case | None | base |
| /operating_model/cells/base_2027q3_cash_timing:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_cash_timing:base/formula/refs/0 | None | base_2027q3_cash_tax |
| /operating_model/cells/base_2027q3_cash_timing:base/formula/refs/1 | None | base_2027q3_corporate_net_interest_cash |
| /operating_model/cells/base_2027q3_cash_timing:base/formula/refs/2 | None | base_2027q3_working_capital_use |
| /operating_model/cells/base_2027q3_cash_timing:base/id | None | base_2027q3_cash_timing |
| /operating_model/cells/base_2027q3_cash_timing:base/kind | None | derived |
| /operating_model/cells/base_2027q3_cash_timing:base/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/base_2027q3_cash_timing:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_cash_timing:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_cash_timing:base/value | None | 27.0 |
| /operating_model/cells/base_2027q3_cfo:base/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/base_2027q3_cfo:base/case | None | base |
| /operating_model/cells/base_2027q3_cfo:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_cfo:base/formula/refs/0 | None | base_2027q3_cash_before_settlement |
| /operating_model/cells/base_2027q3_cfo:base/formula/refs/1 | None | base_2027q3_hfs_funding |
| /operating_model/cells/base_2027q3_cfo:base/id | None | base_2027q3_cfo |
| /operating_model/cells/base_2027q3_cfo:base/kind | None | derived |
| /operating_model/cells/base_2027q3_cfo:base/label | None | CFO after operating loan settlement |
| /operating_model/cells/base_2027q3_cfo:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_cfo:base/value | None | -17.399999999999977 |
| /operating_model/cells/base_2027q3_contribution:base/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/base_2027q3_contribution:base/case | None | base |
| /operating_model/cells/base_2027q3_contribution:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_contribution:base/formula/refs/0 | None | base_2027q3_unsecured_contribution |
| /operating_model/cells/base_2027q3_contribution:base/formula/refs/1 | None | base_2027q3_secured_contribution |
| /operating_model/cells/base_2027q3_contribution:base/id | None | base_2027q3_contribution |
| /operating_model/cells/base_2027q3_contribution:base/kind | None | derived |
| /operating_model/cells/base_2027q3_contribution:base/label | None | Fee contribution profit |
| /operating_model/cells/base_2027q3_contribution:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_contribution:base/value | None | 219.60000000000002 |
| /operating_model/cells/base_2027q3_contribution_plus_balance:base/basis | None | Direct fee costs already removed. |
| /operating_model/cells/base_2027q3_contribution_plus_balance:base/case | None | base |
| /operating_model/cells/base_2027q3_contribution_plus_balance:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_contribution_plus_balance:base/formula/refs/0 | None | base_2027q3_contribution |
| /operating_model/cells/base_2027q3_contribution_plus_balance:base/formula/refs/1 | None | base_2027q3_net_balance_revenue |
| /operating_model/cells/base_2027q3_contribution_plus_balance:base/id | None | base_2027q3_contribution_plus_balance |
| /operating_model/cells/base_2027q3_contribution_plus_balance:base/kind | None | derived |
| /operating_model/cells/base_2027q3_contribution_plus_balance:base/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/base_2027q3_contribution_plus_balance:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_contribution_plus_balance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_contribution_plus_balance:base/value | None | 250.60000000000002 |
| /operating_model/cells/base_2027q3_convert_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_convert_interest:base/case | None | base |
| /operating_model/cells/base_2027q3_convert_interest:base/id | None | base_2027q3_convert_interest |
| /operating_model/cells/base_2027q3_convert_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_convert_interest:base/label | None | Convertible GAAP interest |
| /operating_model/cells/base_2027q3_convert_interest:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_convert_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_convert_interest:base/value | None | 4.5 |
| /operating_model/cells/base_2027q3_corporate_net_interest_cash:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_corporate_net_interest_cash:base/case | None | base |
| /operating_model/cells/base_2027q3_corporate_net_interest_cash:base/id | None | base_2027q3_corporate_net_interest_cash |
| /operating_model/cells/base_2027q3_corporate_net_interest_cash:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_corporate_net_interest_cash:base/label | None | Net corporate cash interest |
| /operating_model/cells/base_2027q3_corporate_net_interest_cash:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_corporate_net_interest_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_corporate_net_interest_cash:base/value | None | 1.0 |
| /operating_model/cells/base_2027q3_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_da:base/case | None | base |
| /operating_model/cells/base_2027q3_da:base/id | None | base_2027q3_da |
| /operating_model/cells/base_2027q3_da:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_da:base/label | None | Depreciation and amortization |
| /operating_model/cells/base_2027q3_da:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_da:base/value | None | 9.0 |
| /operating_model/cells/base_2027q3_debt_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_debt_principal:base/case | None | base |
| /operating_model/cells/base_2027q3_debt_principal:base/id | None | base_2027q3_debt_principal |
| /operating_model/cells/base_2027q3_debt_principal:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_debt_principal:base/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/base_2027q3_debt_principal:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_debt_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_debt_principal:base/value | None | 7.0 |
| /operating_model/cells/base_2027q3_ebitda_exclusions:base/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/base_2027q3_ebitda_exclusions:base/case | None | base |
| /operating_model/cells/base_2027q3_ebitda_exclusions:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_ebitda_exclusions:base/formula/refs/0 | None | base_2027q3_sbc |
| /operating_model/cells/base_2027q3_ebitda_exclusions:base/formula/refs/1 | None | base_2027q3_payroll |
| /operating_model/cells/base_2027q3_ebitda_exclusions:base/formula/refs/2 | None | base_2027q3_da |
| /operating_model/cells/base_2027q3_ebitda_exclusions:base/formula/refs/3 | None | base_2027q3_convert_interest |
| /operating_model/cells/base_2027q3_ebitda_exclusions:base/formula/refs/4 | None | base_2027q3_net_other_income |
| /operating_model/cells/base_2027q3_ebitda_exclusions:base/id | None | base_2027q3_ebitda_exclusions |
| /operating_model/cells/base_2027q3_ebitda_exclusions:base/kind | None | derived |
| /operating_model/cells/base_2027q3_ebitda_exclusions:base/label | None | GAAP bridge exclusions |
| /operating_model/cells/base_2027q3_ebitda_exclusions:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_ebitda_exclusions:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_ebitda_exclusions:base/value | None | 72.0 |
| /operating_model/cells/base_2027q3_fair_value_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_fair_value_loss:base/case | None | base |
| /operating_model/cells/base_2027q3_fair_value_loss:base/id | None | base_2027q3_fair_value_loss |
| /operating_model/cells/base_2027q3_fair_value_loss:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_fair_value_loss:base/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/base_2027q3_fair_value_loss:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_fair_value_loss:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_fair_value_loss:base/value | None | 21.0 |
| /operating_model/cells/base_2027q3_fee_realization:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_fee_realization:base/case | None | base |
| /operating_model/cells/base_2027q3_fee_realization:base/id | None | base_2027q3_fee_realization |
| /operating_model/cells/base_2027q3_fee_realization:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_fee_realization:base/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/base_2027q3_fee_realization:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_fee_realization:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_fee_realization:base/value | None | 0.9296995682622163 |
| /operating_model/cells/base_2027q3_fees:base/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/base_2027q3_fees:base/case | None | base |
| /operating_model/cells/base_2027q3_fees:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_fees:base/formula/refs/0 | None | base_2027q3_unsecured_fee |
| /operating_model/cells/base_2027q3_fees:base/formula/refs/1 | None | base_2027q3_secured_fee |
| /operating_model/cells/base_2027q3_fees:base/id | None | base_2027q3_fees |
| /operating_model/cells/base_2027q3_fees:base/kind | None | derived |
| /operating_model/cells/base_2027q3_fees:base/label | None | Total fee revenue |
| /operating_model/cells/base_2027q3_fees:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_fees:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_fees:base/value | None | 420.00000000000006 |
| /operating_model/cells/base_2027q3_fixed_adjusted_cost:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_fixed_adjusted_cost:base/case | None | base |
| /operating_model/cells/base_2027q3_fixed_adjusted_cost:base/id | None | base_2027q3_fixed_adjusted_cost |
| /operating_model/cells/base_2027q3_fixed_adjusted_cost:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_fixed_adjusted_cost:base/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/base_2027q3_fixed_adjusted_cost:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_fixed_adjusted_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_fixed_adjusted_cost:base/value | None | 154.0 |
| /operating_model/cells/base_2027q3_funding_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_funding_interest:base/case | None | base |
| /operating_model/cells/base_2027q3_funding_interest:base/id | None | base_2027q3_funding_interest |
| /operating_model/cells/base_2027q3_funding_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_funding_interest:base/label | None | Balance-sheet funding interest |
| /operating_model/cells/base_2027q3_funding_interest:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_funding_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_funding_interest:base/value | None | 18.0 |
| /operating_model/cells/base_2027q3_hfs_funding:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_hfs_funding:base/case | None | base |
| /operating_model/cells/base_2027q3_hfs_funding:base/id | None | base_2027q3_hfs_funding |
| /operating_model/cells/base_2027q3_hfs_funding:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_hfs_funding:base/label | None | Net operating loan-settlement funding |
| /operating_model/cells/base_2027q3_hfs_funding:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_hfs_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_hfs_funding:base/value | None | 100.0 |
| /operating_model/cells/base_2027q3_investment_and_claims:base/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/base_2027q3_investment_and_claims:base/case | None | base |
| /operating_model/cells/base_2027q3_investment_and_claims:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_investment_and_claims:base/formula/refs/0 | None | base_2027q3_capex |
| /operating_model/cells/base_2027q3_investment_and_claims:base/formula/refs/1 | None | base_2027q3_lending_investment |
| /operating_model/cells/base_2027q3_investment_and_claims:base/formula/refs/2 | None | base_2027q3_debt_principal |
| /operating_model/cells/base_2027q3_investment_and_claims:base/formula/refs/3 | None | base_2027q3_buybacks |
| /operating_model/cells/base_2027q3_investment_and_claims:base/id | None | base_2027q3_investment_and_claims |
| /operating_model/cells/base_2027q3_investment_and_claims:base/kind | None | derived |
| /operating_model/cells/base_2027q3_investment_and_claims:base/label | None | Loan investment capex and capital claims |
| /operating_model/cells/base_2027q3_investment_and_claims:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_investment_and_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_investment_and_claims:base/value | None | 54.0 |
| /operating_model/cells/base_2027q3_lending_investment:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_lending_investment:base/case | None | base |
| /operating_model/cells/base_2027q3_lending_investment:base/id | None | base_2027q3_lending_investment |
| /operating_model/cells/base_2027q3_lending_investment:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_lending_investment:base/label | None | Net HFI investment |
| /operating_model/cells/base_2027q3_lending_investment:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_lending_investment:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_lending_investment:base/value | None | 35.0 |
| /operating_model/cells/base_2027q3_loan_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_loan_interest:base/case | None | base |
| /operating_model/cells/base_2027q3_loan_interest:base/id | None | base_2027q3_loan_interest |
| /operating_model/cells/base_2027q3_loan_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_loan_interest:base/label | None | Loan interest income |
| /operating_model/cells/base_2027q3_loan_interest:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_loan_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_loan_interest:base/value | None | 70.0 |
| /operating_model/cells/base_2027q3_net_balance_revenue:base/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/base_2027q3_net_balance_revenue:base/case | None | base |
| /operating_model/cells/base_2027q3_net_balance_revenue:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_net_balance_revenue:base/formula/refs/0 | None | base_2027q3_loan_interest |
| /operating_model/cells/base_2027q3_net_balance_revenue:base/formula/refs/1 | None | base_2027q3_balance_cost |
| /operating_model/cells/base_2027q3_net_balance_revenue:base/id | None | base_2027q3_net_balance_revenue |
| /operating_model/cells/base_2027q3_net_balance_revenue:base/kind | None | derived |
| /operating_model/cells/base_2027q3_net_balance_revenue:base/label | None | Net balance-sheet revenue |
| /operating_model/cells/base_2027q3_net_balance_revenue:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_net_balance_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_net_balance_revenue:base/value | None | 31.0 |
| /operating_model/cells/base_2027q3_net_other_income:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_net_other_income:base/case | None | base |
| /operating_model/cells/base_2027q3_net_other_income:base/id | None | base_2027q3_net_other_income |
| /operating_model/cells/base_2027q3_net_other_income:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_net_other_income:base/label | None | Net other income after convertible interest |
| /operating_model/cells/base_2027q3_net_other_income:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_net_other_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_net_other_income:base/value | None | 2.0 |
| /operating_model/cells/base_2027q3_operating_income:base/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/base_2027q3_operating_income:base/case | None | base |
| /operating_model/cells/base_2027q3_operating_income:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_operating_income:base/formula/refs/0 | None | base_2027q3_adj_ebitda |
| /operating_model/cells/base_2027q3_operating_income:base/formula/refs/1 | None | base_2027q3_ebitda_exclusions |
| /operating_model/cells/base_2027q3_operating_income:base/id | None | base_2027q3_operating_income |
| /operating_model/cells/base_2027q3_operating_income:base/kind | None | derived |
| /operating_model/cells/base_2027q3_operating_income:base/label | None | GAAP operating income proxy |
| /operating_model/cells/base_2027q3_operating_income:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_operating_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_operating_income:base/value | None | 24.600000000000023 |
| /operating_model/cells/base_2027q3_operating_noncash_bridge:base/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/base_2027q3_operating_noncash_bridge:base/case | None | base |
| /operating_model/cells/base_2027q3_operating_noncash_bridge:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_operating_noncash_bridge:base/formula/refs/0 | None | base_2027q3_operating_income |
| /operating_model/cells/base_2027q3_operating_noncash_bridge:base/formula/refs/1 | None | base_2027q3_sbc |
| /operating_model/cells/base_2027q3_operating_noncash_bridge:base/formula/refs/2 | None | base_2027q3_da |
| /operating_model/cells/base_2027q3_operating_noncash_bridge:base/formula/refs/3 | None | base_2027q3_fair_value_loss |
| /operating_model/cells/base_2027q3_operating_noncash_bridge:base/id | None | base_2027q3_operating_noncash_bridge |
| /operating_model/cells/base_2027q3_operating_noncash_bridge:base/kind | None | derived |
| /operating_model/cells/base_2027q3_operating_noncash_bridge:base/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/base_2027q3_operating_noncash_bridge:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_operating_noncash_bridge:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_operating_noncash_bridge:base/value | None | 109.60000000000002 |
| /operating_model/cells/base_2027q3_payroll:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_payroll:base/case | None | base |
| /operating_model/cells/base_2027q3_payroll:base/id | None | base_2027q3_payroll |
| /operating_model/cells/base_2027q3_payroll:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_payroll:base/label | None | Equity payroll adjustment |
| /operating_model/cells/base_2027q3_payroll:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_payroll:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_payroll:base/value | None | 1.5 |
| /operating_model/cells/base_2027q3_revenue:base/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/base_2027q3_revenue:base/case | None | base |
| /operating_model/cells/base_2027q3_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_revenue:base/formula/refs/0 | None | base_2027q3_fees |
| /operating_model/cells/base_2027q3_revenue:base/formula/refs/1 | None | base_2027q3_net_balance_revenue |
| /operating_model/cells/base_2027q3_revenue:base/id | None | base_2027q3_revenue |
| /operating_model/cells/base_2027q3_revenue:base/kind | None | derived |
| /operating_model/cells/base_2027q3_revenue:base/label | None | Total revenue |
| /operating_model/cells/base_2027q3_revenue:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_revenue:base/value | None | 451.00000000000006 |
| /operating_model/cells/base_2027q3_sbc:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_sbc:base/case | None | base |
| /operating_model/cells/base_2027q3_sbc:base/id | None | base_2027q3_sbc |
| /operating_model/cells/base_2027q3_sbc:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_sbc:base/label | None | SBC expense |
| /operating_model/cells/base_2027q3_sbc:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_sbc:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_sbc:base/value | None | 55.0 |
| /operating_model/cells/base_2027q3_secured_cm:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_secured_cm:base/case | None | base |
| /operating_model/cells/base_2027q3_secured_cm:base/id | None | base_2027q3_secured_cm |
| /operating_model/cells/base_2027q3_secured_cm:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_secured_cm:base/label | None | Secured contribution margin |
| /operating_model/cells/base_2027q3_secured_cm:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_secured_cm:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_secured_cm:base/value | None | 0.0 |
| /operating_model/cells/base_2027q3_secured_contribution:base/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/base_2027q3_secured_contribution:base/case | None | base |
| /operating_model/cells/base_2027q3_secured_contribution:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q3_secured_contribution:base/formula/refs/0 | None | base_2027q3_secured_fee |
| /operating_model/cells/base_2027q3_secured_contribution:base/formula/refs/1 | None | base_2027q3_secured_cm |
| /operating_model/cells/base_2027q3_secured_contribution:base/id | None | base_2027q3_secured_contribution |
| /operating_model/cells/base_2027q3_secured_contribution:base/kind | None | derived |
| /operating_model/cells/base_2027q3_secured_contribution:base/label | None | Secured contribution |
| /operating_model/cells/base_2027q3_secured_contribution:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_secured_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_secured_contribution:base/value | None | 0.0 |
| /operating_model/cells/base_2027q3_secured_fee:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_secured_fee:base/case | None | base |
| /operating_model/cells/base_2027q3_secured_fee:base/id | None | base_2027q3_secured_fee |
| /operating_model/cells/base_2027q3_secured_fee:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_secured_fee:base/label | None | Secured fee revenue |
| /operating_model/cells/base_2027q3_secured_fee:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_secured_fee:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_secured_fee:base/value | None | 54.0 |
| /operating_model/cells/base_2027q3_unsecured_cm:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_unsecured_cm:base/case | None | base |
| /operating_model/cells/base_2027q3_unsecured_cm:base/id | None | base_2027q3_unsecured_cm |
| /operating_model/cells/base_2027q3_unsecured_cm:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_unsecured_cm:base/label | None | Unsecured contribution margin |
| /operating_model/cells/base_2027q3_unsecured_cm:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_unsecured_cm:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_unsecured_cm:base/value | None | 0.6 |
| /operating_model/cells/base_2027q3_unsecured_contribution:base/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/base_2027q3_unsecured_contribution:base/case | None | base |
| /operating_model/cells/base_2027q3_unsecured_contribution:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q3_unsecured_contribution:base/formula/refs/0 | None | base_2027q3_unsecured_fee |
| /operating_model/cells/base_2027q3_unsecured_contribution:base/formula/refs/1 | None | base_2027q3_unsecured_cm |
| /operating_model/cells/base_2027q3_unsecured_contribution:base/id | None | base_2027q3_unsecured_contribution |
| /operating_model/cells/base_2027q3_unsecured_contribution:base/kind | None | derived |
| /operating_model/cells/base_2027q3_unsecured_contribution:base/label | None | Unsecured contribution |
| /operating_model/cells/base_2027q3_unsecured_contribution:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_unsecured_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_unsecured_contribution:base/value | None | 219.60000000000002 |
| /operating_model/cells/base_2027q3_unsecured_fee:base/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/base_2027q3_unsecured_fee:base/case | None | base |
| /operating_model/cells/base_2027q3_unsecured_fee:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q3_unsecured_fee:base/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/base_2027q3_unsecured_fee:base/formula/refs/1 | None | base_2027q3_activity |
| /operating_model/cells/base_2027q3_unsecured_fee:base/formula/refs/2 | None | base_2027q3_fee_realization |
| /operating_model/cells/base_2027q3_unsecured_fee:base/id | None | base_2027q3_unsecured_fee |
| /operating_model/cells/base_2027q3_unsecured_fee:base/kind | None | derived |
| /operating_model/cells/base_2027q3_unsecured_fee:base/label | None | Unsecured fee revenue |
| /operating_model/cells/base_2027q3_unsecured_fee:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_unsecured_fee:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_unsecured_fee:base/value | None | 366.00000000000006 |
| /operating_model/cells/base_2027q3_volume:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_volume:base/case | None | base |
| /operating_model/cells/base_2027q3_volume:base/id | None | base_2027q3_volume |
| /operating_model/cells/base_2027q3_volume:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_volume:base/label | None | Facilitated principal |
| /operating_model/cells/base_2027q3_volume:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_volume:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_volume:base/value | None | 5100.0 |
| /operating_model/cells/base_2027q3_working_capital_use:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_working_capital_use:base/case | None | base |
| /operating_model/cells/base_2027q3_working_capital_use:base/id | None | base_2027q3_working_capital_use |
| /operating_model/cells/base_2027q3_working_capital_use:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_working_capital_use:base/label | None | Other working-capital and settlement use |
| /operating_model/cells/base_2027q3_working_capital_use:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_working_capital_use:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_working_capital_use:base/value | None | 23.0 |
| /operating_model/cells/base_2027q4_activity:base/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/base_2027q4_activity:base/case | None | base |
| /operating_model/cells/base_2027q4_activity:base/formula/op | None | divide |
| /operating_model/cells/base_2027q4_activity:base/formula/refs/0 | None | base_2027q4_volume |
| /operating_model/cells/base_2027q4_activity:base/formula/refs/1 | None | q2_volume |
| /operating_model/cells/base_2027q4_activity:base/id | None | base_2027q4_activity |
| /operating_model/cells/base_2027q4_activity:base/kind | None | derived |
| /operating_model/cells/base_2027q4_activity:base/label | None | Activity versus Q2 |
| /operating_model/cells/base_2027q4_activity:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_activity:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_activity:base/value | None | 1.3011056559299428 |
| /operating_model/cells/base_2027q4_adj_ebitda:base/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/base_2027q4_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_2027q4_adj_ebitda:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_adj_ebitda:base/formula/refs/0 | None | base_2027q4_contribution_plus_balance |
| /operating_model/cells/base_2027q4_adj_ebitda:base/formula/refs/1 | None | base_2027q4_fixed_adjusted_cost |
| /operating_model/cells/base_2027q4_adj_ebitda:base/id | None | base_2027q4_adj_ebitda |
| /operating_model/cells/base_2027q4_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_2027q4_adj_ebitda:base/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/base_2027q4_adj_ebitda:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_adj_ebitda:base/value | None | 103.04999999999995 |
| /operating_model/cells/base_2027q4_asset_cash:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_asset_cash:base/case | None | base |
| /operating_model/cells/base_2027q4_asset_cash:base/id | None | base_2027q4_asset_cash |
| /operating_model/cells/base_2027q4_asset_cash:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_asset_cash:base/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/base_2027q4_asset_cash:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_asset_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_asset_cash:base/value | None | 30.0 |
| /operating_model/cells/base_2027q4_available_cash:base/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/base_2027q4_available_cash:base/case | None | base |
| /operating_model/cells/base_2027q4_available_cash:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_available_cash:base/formula/refs/0 | None | base_2027q4_cfo |
| /operating_model/cells/base_2027q4_available_cash:base/formula/refs/1 | None | base_2027q4_asset_cash |
| /operating_model/cells/base_2027q4_available_cash:base/id | None | base_2027q4_available_cash |
| /operating_model/cells/base_2027q4_available_cash:base/kind | None | derived |
| /operating_model/cells/base_2027q4_available_cash:base/label | None | CFO plus asset receipts |
| /operating_model/cells/base_2027q4_available_cash:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_available_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_available_cash:base/value | None | 8.049999999999955 |
| /operating_model/cells/base_2027q4_balance_cost:base/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/base_2027q4_balance_cost:base/case | None | base |
| /operating_model/cells/base_2027q4_balance_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_balance_cost:base/formula/refs/0 | None | base_2027q4_funding_interest |
| /operating_model/cells/base_2027q4_balance_cost:base/formula/refs/1 | None | base_2027q4_fair_value_loss |
| /operating_model/cells/base_2027q4_balance_cost:base/id | None | base_2027q4_balance_cost |
| /operating_model/cells/base_2027q4_balance_cost:base/kind | None | derived |
| /operating_model/cells/base_2027q4_balance_cost:base/label | None | Funding and fair-value costs |
| /operating_model/cells/base_2027q4_balance_cost:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_balance_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_balance_cost:base/value | None | 41.0 |
| /operating_model/cells/base_2027q4_buybacks:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_buybacks:base/case | None | base |
| /operating_model/cells/base_2027q4_buybacks:base/id | None | base_2027q4_buybacks |
| /operating_model/cells/base_2027q4_buybacks:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_buybacks:base/label | None | Optional repurchases |
| /operating_model/cells/base_2027q4_buybacks:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_buybacks:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_buybacks:base/value | None | 0.0 |
| /operating_model/cells/base_2027q4_capex:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_capex:base/case | None | base |
| /operating_model/cells/base_2027q4_capex:base/id | None | base_2027q4_capex |
| /operating_model/cells/base_2027q4_capex:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_capex:base/label | None | Cash PP&E and software |
| /operating_model/cells/base_2027q4_capex:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_capex:base/value | None | 13.0 |
| /operating_model/cells/base_2027q4_cash_after_claims:base/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/base_2027q4_cash_after_claims:base/case | None | base |
| /operating_model/cells/base_2027q4_cash_after_claims:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_cash_after_claims:base/formula/refs/0 | None | base_2027q4_available_cash |
| /operating_model/cells/base_2027q4_cash_after_claims:base/formula/refs/1 | None | base_2027q4_investment_and_claims |
| /operating_model/cells/base_2027q4_cash_after_claims:base/id | None | base_2027q4_cash_after_claims |
| /operating_model/cells/base_2027q4_cash_after_claims:base/kind | None | derived |
| /operating_model/cells/base_2027q4_cash_after_claims:base/label | None | Cash after lending and capital claims |
| /operating_model/cells/base_2027q4_cash_after_claims:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_cash_after_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_cash_after_claims:base/value | None | -51.950000000000045 |
| /operating_model/cells/base_2027q4_cash_before_settlement:base/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/base_2027q4_cash_before_settlement:base/case | None | base |
| /operating_model/cells/base_2027q4_cash_before_settlement:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_cash_before_settlement:base/formula/refs/0 | None | base_2027q4_operating_noncash_bridge |
| /operating_model/cells/base_2027q4_cash_before_settlement:base/formula/refs/1 | None | base_2027q4_cash_timing |
| /operating_model/cells/base_2027q4_cash_before_settlement:base/id | None | base_2027q4_cash_before_settlement |
| /operating_model/cells/base_2027q4_cash_before_settlement:base/kind | None | derived |
| /operating_model/cells/base_2027q4_cash_before_settlement:base/label | None | Cash before operating loan settlement |
| /operating_model/cells/base_2027q4_cash_before_settlement:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_cash_before_settlement:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_cash_before_settlement:base/value | None | 88.04999999999995 |
| /operating_model/cells/base_2027q4_cash_tax:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_cash_tax:base/case | None | base |
| /operating_model/cells/base_2027q4_cash_tax:base/id | None | base_2027q4_cash_tax |
| /operating_model/cells/base_2027q4_cash_tax:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_cash_tax:base/label | None | Cash tax |
| /operating_model/cells/base_2027q4_cash_tax:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_cash_tax:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_cash_tax:base/value | None | 3.0 |
| /operating_model/cells/base_2027q4_cash_timing:base/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/base_2027q4_cash_timing:base/case | None | base |
| /operating_model/cells/base_2027q4_cash_timing:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_cash_timing:base/formula/refs/0 | None | base_2027q4_cash_tax |
| /operating_model/cells/base_2027q4_cash_timing:base/formula/refs/1 | None | base_2027q4_corporate_net_interest_cash |
| /operating_model/cells/base_2027q4_cash_timing:base/formula/refs/2 | None | base_2027q4_working_capital_use |
| /operating_model/cells/base_2027q4_cash_timing:base/id | None | base_2027q4_cash_timing |
| /operating_model/cells/base_2027q4_cash_timing:base/kind | None | derived |
| /operating_model/cells/base_2027q4_cash_timing:base/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/base_2027q4_cash_timing:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_cash_timing:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_cash_timing:base/value | None | 29.0 |
| /operating_model/cells/base_2027q4_cfo:base/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/base_2027q4_cfo:base/case | None | base |
| /operating_model/cells/base_2027q4_cfo:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_cfo:base/formula/refs/0 | None | base_2027q4_cash_before_settlement |
| /operating_model/cells/base_2027q4_cfo:base/formula/refs/1 | None | base_2027q4_hfs_funding |
| /operating_model/cells/base_2027q4_cfo:base/id | None | base_2027q4_cfo |
| /operating_model/cells/base_2027q4_cfo:base/kind | None | derived |
| /operating_model/cells/base_2027q4_cfo:base/label | None | CFO after operating loan settlement |
| /operating_model/cells/base_2027q4_cfo:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_cfo:base/value | None | -21.950000000000045 |
| /operating_model/cells/base_2027q4_contribution:base/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/base_2027q4_contribution:base/case | None | base |
| /operating_model/cells/base_2027q4_contribution:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_contribution:base/formula/refs/0 | None | base_2027q4_unsecured_contribution |
| /operating_model/cells/base_2027q4_contribution:base/formula/refs/1 | None | base_2027q4_secured_contribution |
| /operating_model/cells/base_2027q4_contribution:base/id | None | base_2027q4_contribution |
| /operating_model/cells/base_2027q4_contribution:base/kind | None | derived |
| /operating_model/cells/base_2027q4_contribution:base/label | None | Fee contribution profit |
| /operating_model/cells/base_2027q4_contribution:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_contribution:base/value | None | 235.04999999999995 |
| /operating_model/cells/base_2027q4_contribution_plus_balance:base/basis | None | Direct fee costs already removed. |
| /operating_model/cells/base_2027q4_contribution_plus_balance:base/case | None | base |
| /operating_model/cells/base_2027q4_contribution_plus_balance:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_contribution_plus_balance:base/formula/refs/0 | None | base_2027q4_contribution |
| /operating_model/cells/base_2027q4_contribution_plus_balance:base/formula/refs/1 | None | base_2027q4_net_balance_revenue |
| /operating_model/cells/base_2027q4_contribution_plus_balance:base/id | None | base_2027q4_contribution_plus_balance |
| /operating_model/cells/base_2027q4_contribution_plus_balance:base/kind | None | derived |
| /operating_model/cells/base_2027q4_contribution_plus_balance:base/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/base_2027q4_contribution_plus_balance:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_contribution_plus_balance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_contribution_plus_balance:base/value | None | 267.04999999999995 |
| /operating_model/cells/base_2027q4_convert_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_convert_interest:base/case | None | base |
| /operating_model/cells/base_2027q4_convert_interest:base/id | None | base_2027q4_convert_interest |
| /operating_model/cells/base_2027q4_convert_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_convert_interest:base/label | None | Convertible GAAP interest |
| /operating_model/cells/base_2027q4_convert_interest:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_convert_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_convert_interest:base/value | None | 4.5 |
| /operating_model/cells/base_2027q4_corporate_net_interest_cash:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_corporate_net_interest_cash:base/case | None | base |
| /operating_model/cells/base_2027q4_corporate_net_interest_cash:base/id | None | base_2027q4_corporate_net_interest_cash |
| /operating_model/cells/base_2027q4_corporate_net_interest_cash:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_corporate_net_interest_cash:base/label | None | Net corporate cash interest |
| /operating_model/cells/base_2027q4_corporate_net_interest_cash:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_corporate_net_interest_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_corporate_net_interest_cash:base/value | None | 1.0 |
| /operating_model/cells/base_2027q4_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_da:base/case | None | base |
| /operating_model/cells/base_2027q4_da:base/id | None | base_2027q4_da |
| /operating_model/cells/base_2027q4_da:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_da:base/label | None | Depreciation and amortization |
| /operating_model/cells/base_2027q4_da:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_da:base/value | None | 9.5 |
| /operating_model/cells/base_2027q4_debt_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_debt_principal:base/case | None | base |
| /operating_model/cells/base_2027q4_debt_principal:base/id | None | base_2027q4_debt_principal |
| /operating_model/cells/base_2027q4_debt_principal:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_debt_principal:base/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/base_2027q4_debt_principal:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_debt_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_debt_principal:base/value | None | 7.0 |
| /operating_model/cells/base_2027q4_ebitda_exclusions:base/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/base_2027q4_ebitda_exclusions:base/case | None | base |
| /operating_model/cells/base_2027q4_ebitda_exclusions:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_ebitda_exclusions:base/formula/refs/0 | None | base_2027q4_sbc |
| /operating_model/cells/base_2027q4_ebitda_exclusions:base/formula/refs/1 | None | base_2027q4_payroll |
| /operating_model/cells/base_2027q4_ebitda_exclusions:base/formula/refs/2 | None | base_2027q4_da |
| /operating_model/cells/base_2027q4_ebitda_exclusions:base/formula/refs/3 | None | base_2027q4_convert_interest |
| /operating_model/cells/base_2027q4_ebitda_exclusions:base/formula/refs/4 | None | base_2027q4_net_other_income |
| /operating_model/cells/base_2027q4_ebitda_exclusions:base/id | None | base_2027q4_ebitda_exclusions |
| /operating_model/cells/base_2027q4_ebitda_exclusions:base/kind | None | derived |
| /operating_model/cells/base_2027q4_ebitda_exclusions:base/label | None | GAAP bridge exclusions |
| /operating_model/cells/base_2027q4_ebitda_exclusions:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_ebitda_exclusions:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_ebitda_exclusions:base/value | None | 75.5 |
| /operating_model/cells/base_2027q4_fair_value_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_fair_value_loss:base/case | None | base |
| /operating_model/cells/base_2027q4_fair_value_loss:base/id | None | base_2027q4_fair_value_loss |
| /operating_model/cells/base_2027q4_fair_value_loss:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_fair_value_loss:base/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/base_2027q4_fair_value_loss:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_fair_value_loss:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_fair_value_loss:base/value | None | 22.0 |
| /operating_model/cells/base_2027q4_fee_realization:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_fee_realization:base/case | None | base |
| /operating_model/cells/base_2027q4_fee_realization:base/id | None | base_2027q4_fee_realization |
| /operating_model/cells/base_2027q4_fee_realization:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_fee_realization:base/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/base_2027q4_fee_realization:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_fee_realization:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_fee_realization:base/value | None | 0.9162597980503778 |
| /operating_model/cells/base_2027q4_fees:base/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/base_2027q4_fees:base/case | None | base |
| /operating_model/cells/base_2027q4_fees:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_fees:base/formula/refs/0 | None | base_2027q4_unsecured_fee |
| /operating_model/cells/base_2027q4_fees:base/formula/refs/1 | None | base_2027q4_secured_fee |
| /operating_model/cells/base_2027q4_fees:base/id | None | base_2027q4_fees |
| /operating_model/cells/base_2027q4_fees:base/kind | None | derived |
| /operating_model/cells/base_2027q4_fees:base/label | None | Total fee revenue |
| /operating_model/cells/base_2027q4_fees:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_fees:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_fees:base/value | None | 454.99999999999994 |
| /operating_model/cells/base_2027q4_fixed_adjusted_cost:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_fixed_adjusted_cost:base/case | None | base |
| /operating_model/cells/base_2027q4_fixed_adjusted_cost:base/id | None | base_2027q4_fixed_adjusted_cost |
| /operating_model/cells/base_2027q4_fixed_adjusted_cost:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_fixed_adjusted_cost:base/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/base_2027q4_fixed_adjusted_cost:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_fixed_adjusted_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_fixed_adjusted_cost:base/value | None | 164.0 |
| /operating_model/cells/base_2027q4_funding_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_funding_interest:base/case | None | base |
| /operating_model/cells/base_2027q4_funding_interest:base/id | None | base_2027q4_funding_interest |
| /operating_model/cells/base_2027q4_funding_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_funding_interest:base/label | None | Balance-sheet funding interest |
| /operating_model/cells/base_2027q4_funding_interest:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_funding_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_funding_interest:base/value | None | 19.0 |
| /operating_model/cells/base_2027q4_hfs_funding:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_hfs_funding:base/case | None | base |
| /operating_model/cells/base_2027q4_hfs_funding:base/id | None | base_2027q4_hfs_funding |
| /operating_model/cells/base_2027q4_hfs_funding:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_hfs_funding:base/label | None | Net operating loan-settlement funding |
| /operating_model/cells/base_2027q4_hfs_funding:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_hfs_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_hfs_funding:base/value | None | 110.0 |
| /operating_model/cells/base_2027q4_investment_and_claims:base/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/base_2027q4_investment_and_claims:base/case | None | base |
| /operating_model/cells/base_2027q4_investment_and_claims:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_investment_and_claims:base/formula/refs/0 | None | base_2027q4_capex |
| /operating_model/cells/base_2027q4_investment_and_claims:base/formula/refs/1 | None | base_2027q4_lending_investment |
| /operating_model/cells/base_2027q4_investment_and_claims:base/formula/refs/2 | None | base_2027q4_debt_principal |
| /operating_model/cells/base_2027q4_investment_and_claims:base/formula/refs/3 | None | base_2027q4_buybacks |
| /operating_model/cells/base_2027q4_investment_and_claims:base/id | None | base_2027q4_investment_and_claims |
| /operating_model/cells/base_2027q4_investment_and_claims:base/kind | None | derived |
| /operating_model/cells/base_2027q4_investment_and_claims:base/label | None | Loan investment capex and capital claims |
| /operating_model/cells/base_2027q4_investment_and_claims:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_investment_and_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_investment_and_claims:base/value | None | 60.0 |
| /operating_model/cells/base_2027q4_lending_investment:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_lending_investment:base/case | None | base |
| /operating_model/cells/base_2027q4_lending_investment:base/id | None | base_2027q4_lending_investment |
| /operating_model/cells/base_2027q4_lending_investment:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_lending_investment:base/label | None | Net HFI investment |
| /operating_model/cells/base_2027q4_lending_investment:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_lending_investment:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_lending_investment:base/value | None | 40.0 |
| /operating_model/cells/base_2027q4_loan_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_loan_interest:base/case | None | base |
| /operating_model/cells/base_2027q4_loan_interest:base/id | None | base_2027q4_loan_interest |
| /operating_model/cells/base_2027q4_loan_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_loan_interest:base/label | None | Loan interest income |
| /operating_model/cells/base_2027q4_loan_interest:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_loan_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_loan_interest:base/value | None | 73.0 |
| /operating_model/cells/base_2027q4_net_balance_revenue:base/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/base_2027q4_net_balance_revenue:base/case | None | base |
| /operating_model/cells/base_2027q4_net_balance_revenue:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_net_balance_revenue:base/formula/refs/0 | None | base_2027q4_loan_interest |
| /operating_model/cells/base_2027q4_net_balance_revenue:base/formula/refs/1 | None | base_2027q4_balance_cost |
| /operating_model/cells/base_2027q4_net_balance_revenue:base/id | None | base_2027q4_net_balance_revenue |
| /operating_model/cells/base_2027q4_net_balance_revenue:base/kind | None | derived |
| /operating_model/cells/base_2027q4_net_balance_revenue:base/label | None | Net balance-sheet revenue |
| /operating_model/cells/base_2027q4_net_balance_revenue:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_net_balance_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_net_balance_revenue:base/value | None | 32.0 |
| /operating_model/cells/base_2027q4_net_other_income:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_net_other_income:base/case | None | base |
| /operating_model/cells/base_2027q4_net_other_income:base/id | None | base_2027q4_net_other_income |
| /operating_model/cells/base_2027q4_net_other_income:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_net_other_income:base/label | None | Net other income after convertible interest |
| /operating_model/cells/base_2027q4_net_other_income:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_net_other_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_net_other_income:base/value | None | 2.0 |
| /operating_model/cells/base_2027q4_operating_income:base/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/base_2027q4_operating_income:base/case | None | base |
| /operating_model/cells/base_2027q4_operating_income:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_operating_income:base/formula/refs/0 | None | base_2027q4_adj_ebitda |
| /operating_model/cells/base_2027q4_operating_income:base/formula/refs/1 | None | base_2027q4_ebitda_exclusions |
| /operating_model/cells/base_2027q4_operating_income:base/id | None | base_2027q4_operating_income |
| /operating_model/cells/base_2027q4_operating_income:base/kind | None | derived |
| /operating_model/cells/base_2027q4_operating_income:base/label | None | GAAP operating income proxy |
| /operating_model/cells/base_2027q4_operating_income:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_operating_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_operating_income:base/value | None | 27.549999999999955 |
| /operating_model/cells/base_2027q4_operating_noncash_bridge:base/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/base_2027q4_operating_noncash_bridge:base/case | None | base |
| /operating_model/cells/base_2027q4_operating_noncash_bridge:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_operating_noncash_bridge:base/formula/refs/0 | None | base_2027q4_operating_income |
| /operating_model/cells/base_2027q4_operating_noncash_bridge:base/formula/refs/1 | None | base_2027q4_sbc |
| /operating_model/cells/base_2027q4_operating_noncash_bridge:base/formula/refs/2 | None | base_2027q4_da |
| /operating_model/cells/base_2027q4_operating_noncash_bridge:base/formula/refs/3 | None | base_2027q4_fair_value_loss |
| /operating_model/cells/base_2027q4_operating_noncash_bridge:base/id | None | base_2027q4_operating_noncash_bridge |
| /operating_model/cells/base_2027q4_operating_noncash_bridge:base/kind | None | derived |
| /operating_model/cells/base_2027q4_operating_noncash_bridge:base/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/base_2027q4_operating_noncash_bridge:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_operating_noncash_bridge:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_operating_noncash_bridge:base/value | None | 117.04999999999995 |
| /operating_model/cells/base_2027q4_payroll:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_payroll:base/case | None | base |
| /operating_model/cells/base_2027q4_payroll:base/id | None | base_2027q4_payroll |
| /operating_model/cells/base_2027q4_payroll:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_payroll:base/label | None | Equity payroll adjustment |
| /operating_model/cells/base_2027q4_payroll:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_payroll:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_payroll:base/value | None | 1.5 |
| /operating_model/cells/base_2027q4_revenue:base/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/base_2027q4_revenue:base/case | None | base |
| /operating_model/cells/base_2027q4_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_revenue:base/formula/refs/0 | None | base_2027q4_fees |
| /operating_model/cells/base_2027q4_revenue:base/formula/refs/1 | None | base_2027q4_net_balance_revenue |
| /operating_model/cells/base_2027q4_revenue:base/id | None | base_2027q4_revenue |
| /operating_model/cells/base_2027q4_revenue:base/kind | None | derived |
| /operating_model/cells/base_2027q4_revenue:base/label | None | Total revenue |
| /operating_model/cells/base_2027q4_revenue:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_revenue:base/value | None | 486.99999999999994 |
| /operating_model/cells/base_2027q4_sbc:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_sbc:base/case | None | base |
| /operating_model/cells/base_2027q4_sbc:base/id | None | base_2027q4_sbc |
| /operating_model/cells/base_2027q4_sbc:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_sbc:base/label | None | SBC expense |
| /operating_model/cells/base_2027q4_sbc:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_sbc:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_sbc:base/value | None | 58.0 |
| /operating_model/cells/base_2027q4_secured_cm:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_secured_cm:base/case | None | base |
| /operating_model/cells/base_2027q4_secured_cm:base/id | None | base_2027q4_secured_cm |
| /operating_model/cells/base_2027q4_secured_cm:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_secured_cm:base/label | None | Secured contribution margin |
| /operating_model/cells/base_2027q4_secured_cm:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_secured_cm:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_secured_cm:base/value | None | 0.024999999999999994 |
| /operating_model/cells/base_2027q4_secured_contribution:base/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/base_2027q4_secured_contribution:base/case | None | base |
| /operating_model/cells/base_2027q4_secured_contribution:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q4_secured_contribution:base/formula/refs/0 | None | base_2027q4_secured_fee |
| /operating_model/cells/base_2027q4_secured_contribution:base/formula/refs/1 | None | base_2027q4_secured_cm |
| /operating_model/cells/base_2027q4_secured_contribution:base/id | None | base_2027q4_secured_contribution |
| /operating_model/cells/base_2027q4_secured_contribution:base/kind | None | derived |
| /operating_model/cells/base_2027q4_secured_contribution:base/label | None | Secured contribution |
| /operating_model/cells/base_2027q4_secured_contribution:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_secured_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_secured_contribution:base/value | None | 1.6499999999999997 |
| /operating_model/cells/base_2027q4_secured_fee:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_secured_fee:base/case | None | base |
| /operating_model/cells/base_2027q4_secured_fee:base/id | None | base_2027q4_secured_fee |
| /operating_model/cells/base_2027q4_secured_fee:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_secured_fee:base/label | None | Secured fee revenue |
| /operating_model/cells/base_2027q4_secured_fee:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_secured_fee:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_secured_fee:base/value | None | 66.0 |
| /operating_model/cells/base_2027q4_unsecured_cm:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_unsecured_cm:base/case | None | base |
| /operating_model/cells/base_2027q4_unsecured_cm:base/id | None | base_2027q4_unsecured_cm |
| /operating_model/cells/base_2027q4_unsecured_cm:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_unsecured_cm:base/label | None | Unsecured contribution margin |
| /operating_model/cells/base_2027q4_unsecured_cm:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_unsecured_cm:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_unsecured_cm:base/value | None | 0.6 |
| /operating_model/cells/base_2027q4_unsecured_contribution:base/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/base_2027q4_unsecured_contribution:base/case | None | base |
| /operating_model/cells/base_2027q4_unsecured_contribution:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q4_unsecured_contribution:base/formula/refs/0 | None | base_2027q4_unsecured_fee |
| /operating_model/cells/base_2027q4_unsecured_contribution:base/formula/refs/1 | None | base_2027q4_unsecured_cm |
| /operating_model/cells/base_2027q4_unsecured_contribution:base/id | None | base_2027q4_unsecured_contribution |
| /operating_model/cells/base_2027q4_unsecured_contribution:base/kind | None | derived |
| /operating_model/cells/base_2027q4_unsecured_contribution:base/label | None | Unsecured contribution |
| /operating_model/cells/base_2027q4_unsecured_contribution:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_unsecured_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_unsecured_contribution:base/value | None | 233.39999999999995 |
| /operating_model/cells/base_2027q4_unsecured_fee:base/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/base_2027q4_unsecured_fee:base/case | None | base |
| /operating_model/cells/base_2027q4_unsecured_fee:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q4_unsecured_fee:base/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/base_2027q4_unsecured_fee:base/formula/refs/1 | None | base_2027q4_activity |
| /operating_model/cells/base_2027q4_unsecured_fee:base/formula/refs/2 | None | base_2027q4_fee_realization |
| /operating_model/cells/base_2027q4_unsecured_fee:base/id | None | base_2027q4_unsecured_fee |
| /operating_model/cells/base_2027q4_unsecured_fee:base/kind | None | derived |
| /operating_model/cells/base_2027q4_unsecured_fee:base/label | None | Unsecured fee revenue |
| /operating_model/cells/base_2027q4_unsecured_fee:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_unsecured_fee:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_unsecured_fee:base/value | None | 388.99999999999994 |
| /operating_model/cells/base_2027q4_volume:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_volume:base/case | None | base |
| /operating_model/cells/base_2027q4_volume:base/id | None | base_2027q4_volume |
| /operating_model/cells/base_2027q4_volume:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_volume:base/label | None | Facilitated principal |
| /operating_model/cells/base_2027q4_volume:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_volume:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_volume:base/value | None | 5500.0 |
| /operating_model/cells/base_2027q4_working_capital_use:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_working_capital_use:base/case | None | base |
| /operating_model/cells/base_2027q4_working_capital_use:base/id | None | base_2027q4_working_capital_use |
| /operating_model/cells/base_2027q4_working_capital_use:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_working_capital_use:base/label | None | Other working-capital and settlement use |
| /operating_model/cells/base_2027q4_working_capital_use:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_working_capital_use:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_working_capital_use:base/value | None | 25.0 |
| /operating_model/cells/base_fy2026_adj_ebitda:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_fy2026_adj_ebitda:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_adj_ebitda:base/formula/refs/0 | None | h1_adj_ebitda |
| /operating_model/cells/base_fy2026_adj_ebitda:base/formula/refs/1 | None | base_2026q3_adj_ebitda |
| /operating_model/cells/base_fy2026_adj_ebitda:base/formula/refs/2 | None | base_2026q4_adj_ebitda |
| /operating_model/cells/base_fy2026_adj_ebitda:base/id | None | base_fy2026_adj_ebitda |
| /operating_model/cells/base_fy2026_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_fy2026_adj_ebitda:base/label | None | Adjusted EBITDA proxy ($M) |
| /operating_model/cells/base_fy2026_adj_ebitda:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_adj_ebitda:base/value | None | 294.00000000000006 |
| /operating_model/cells/base_fy2026_asset_cash:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_asset_cash:base/case | None | base |
| /operating_model/cells/base_fy2026_asset_cash:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_asset_cash:base/formula/refs/0 | None | h1_asset_cash |
| /operating_model/cells/base_fy2026_asset_cash:base/formula/refs/1 | None | base_2026q3_asset_cash |
| /operating_model/cells/base_fy2026_asset_cash:base/formula/refs/2 | None | base_2026q4_asset_cash |
| /operating_model/cells/base_fy2026_asset_cash:base/id | None | base_fy2026_asset_cash |
| /operating_model/cells/base_fy2026_asset_cash:base/kind | None | derived |
| /operating_model/cells/base_fy2026_asset_cash:base/label | None | Other lending/beneficial asset receipts ($M) |
| /operating_model/cells/base_fy2026_asset_cash:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_asset_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_asset_cash:base/value | None | 191.67 |
| /operating_model/cells/base_fy2026_buybacks:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_buybacks:base/case | None | base |
| /operating_model/cells/base_fy2026_buybacks:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_buybacks:base/formula/refs/0 | None | h1_buybacks |
| /operating_model/cells/base_fy2026_buybacks:base/formula/refs/1 | None | base_2026q3_buybacks |
| /operating_model/cells/base_fy2026_buybacks:base/formula/refs/2 | None | base_2026q4_buybacks |
| /operating_model/cells/base_fy2026_buybacks:base/id | None | base_fy2026_buybacks |
| /operating_model/cells/base_fy2026_buybacks:base/kind | None | derived |
| /operating_model/cells/base_fy2026_buybacks:base/label | None | Share repurchase cash ($M) |
| /operating_model/cells/base_fy2026_buybacks:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_buybacks:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_buybacks:base/value | None | 100.057 |
| /operating_model/cells/base_fy2026_capex:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_capex:base/case | None | base |
| /operating_model/cells/base_fy2026_capex:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_capex:base/formula/refs/0 | None | h1_capex |
| /operating_model/cells/base_fy2026_capex:base/formula/refs/1 | None | base_2026q3_capex |
| /operating_model/cells/base_fy2026_capex:base/formula/refs/2 | None | base_2026q4_capex |
| /operating_model/cells/base_fy2026_capex:base/id | None | base_fy2026_capex |
| /operating_model/cells/base_fy2026_capex:base/kind | None | derived |
| /operating_model/cells/base_fy2026_capex:base/label | None | Cash PP&E and software ($M) |
| /operating_model/cells/base_fy2026_capex:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_capex:base/value | None | 30.241999999999997 |
| /operating_model/cells/base_fy2026_cash_after_claims:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_cash_after_claims:base/case | None | base |
| /operating_model/cells/base_fy2026_cash_after_claims:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_cash_after_claims:base/formula/refs/0 | None | h1_cash_after_claims |
| /operating_model/cells/base_fy2026_cash_after_claims:base/formula/refs/1 | None | base_2026q3_cash_after_claims |
| /operating_model/cells/base_fy2026_cash_after_claims:base/formula/refs/2 | None | base_2026q4_cash_after_claims |
| /operating_model/cells/base_fy2026_cash_after_claims:base/id | None | base_fy2026_cash_after_claims |
| /operating_model/cells/base_fy2026_cash_after_claims:base/kind | None | derived |
| /operating_model/cells/base_fy2026_cash_after_claims:base/label | None | Cash after lending and capital claims ($M) |
| /operating_model/cells/base_fy2026_cash_after_claims:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_cash_after_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_cash_after_claims:base/value | None | -654.088 |
| /operating_model/cells/base_fy2026_cfo:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_cfo:base/case | None | base |
| /operating_model/cells/base_fy2026_cfo:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_cfo:base/formula/refs/0 | None | h1_cfo |
| /operating_model/cells/base_fy2026_cfo:base/formula/refs/1 | None | base_2026q3_cfo |
| /operating_model/cells/base_fy2026_cfo:base/formula/refs/2 | None | base_2026q4_cfo |
| /operating_model/cells/base_fy2026_cfo:base/id | None | base_fy2026_cfo |
| /operating_model/cells/base_fy2026_cfo:base/kind | None | derived |
| /operating_model/cells/base_fy2026_cfo:base/label | None | CFO after HFS loan settlement ($M) |
| /operating_model/cells/base_fy2026_cfo:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_cfo:base/value | None | -298.46299999999985 |
| /operating_model/cells/base_fy2026_contribution:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_contribution:base/case | None | base |
| /operating_model/cells/base_fy2026_contribution:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_contribution:base/formula/refs/0 | None | h1_contribution |
| /operating_model/cells/base_fy2026_contribution:base/formula/refs/1 | None | base_2026q3_contribution |
| /operating_model/cells/base_fy2026_contribution:base/formula/refs/2 | None | base_2026q4_contribution |
| /operating_model/cells/base_fy2026_contribution:base/id | None | base_fy2026_contribution |
| /operating_model/cells/base_fy2026_contribution:base/kind | None | derived |
| /operating_model/cells/base_fy2026_contribution:base/label | None | Fee contribution profit ($M) |
| /operating_model/cells/base_fy2026_contribution:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_contribution:base/value | None | 697.6058 |
| /operating_model/cells/base_fy2026_debt_principal:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_debt_principal:base/case | None | base |
| /operating_model/cells/base_fy2026_debt_principal:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_debt_principal:base/formula/refs/0 | None | h1_debt_principal |
| /operating_model/cells/base_fy2026_debt_principal:base/formula/refs/1 | None | base_2026q3_debt_principal |
| /operating_model/cells/base_fy2026_debt_principal:base/formula/refs/2 | None | base_2026q4_debt_principal |
| /operating_model/cells/base_fy2026_debt_principal:base/id | None | base_fy2026_debt_principal |
| /operating_model/cells/base_fy2026_debt_principal:base/kind | None | derived |
| /operating_model/cells/base_fy2026_debt_principal:base/label | None | Debt principal cash ($M) |
| /operating_model/cells/base_fy2026_debt_principal:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_debt_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_debt_principal:base/value | None | 348.526 |
| /operating_model/cells/base_fy2026_fees:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_fees:base/case | None | base |
| /operating_model/cells/base_fy2026_fees:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_fees:base/formula/refs/0 | None | h1_fees |
| /operating_model/cells/base_fy2026_fees:base/formula/refs/1 | None | base_2026q3_fees |
| /operating_model/cells/base_fy2026_fees:base/formula/refs/2 | None | base_2026q4_fees |
| /operating_model/cells/base_fy2026_fees:base/id | None | base_fy2026_fees |
| /operating_model/cells/base_fy2026_fees:base/kind | None | derived |
| /operating_model/cells/base_fy2026_fees:base/label | None | Fee revenue ($M) |
| /operating_model/cells/base_fy2026_fees:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_fees:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_fees:base/value | None | 1300.0000000000002 |
| /operating_model/cells/base_fy2026_lending_investment:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_lending_investment:base/case | None | base |
| /operating_model/cells/base_fy2026_lending_investment:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_lending_investment:base/formula/refs/0 | None | h1_lending_investment |
| /operating_model/cells/base_fy2026_lending_investment:base/formula/refs/1 | None | base_2026q3_lending_investment |
| /operating_model/cells/base_fy2026_lending_investment:base/formula/refs/2 | None | base_2026q4_lending_investment |
| /operating_model/cells/base_fy2026_lending_investment:base/id | None | base_fy2026_lending_investment |
| /operating_model/cells/base_fy2026_lending_investment:base/kind | None | derived |
| /operating_model/cells/base_fy2026_lending_investment:base/label | None | Net HFI loan investment ($M) |
| /operating_model/cells/base_fy2026_lending_investment:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_lending_investment:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_lending_investment:base/value | None | 68.47 |
| /operating_model/cells/base_fy2026_operating_income:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_operating_income:base/case | None | base |
| /operating_model/cells/base_fy2026_operating_income:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_operating_income:base/formula/refs/0 | None | h1_operating_income |
| /operating_model/cells/base_fy2026_operating_income:base/formula/refs/1 | None | base_2026q3_operating_income |
| /operating_model/cells/base_fy2026_operating_income:base/formula/refs/2 | None | base_2026q4_operating_income |
| /operating_model/cells/base_fy2026_operating_income:base/id | None | base_fy2026_operating_income |
| /operating_model/cells/base_fy2026_operating_income:base/kind | None | derived |
| /operating_model/cells/base_fy2026_operating_income:base/label | None | GAAP operating income proxy ($M) |
| /operating_model/cells/base_fy2026_operating_income:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_operating_income:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_operating_income:base/value | None | 64.24700000000007 |
| /operating_model/cells/base_fy2026_revenue:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_revenue:base/case | None | base |
| /operating_model/cells/base_fy2026_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_revenue:base/formula/refs/0 | None | h1_revenue |
| /operating_model/cells/base_fy2026_revenue:base/formula/refs/1 | None | base_2026q3_revenue |
| /operating_model/cells/base_fy2026_revenue:base/formula/refs/2 | None | base_2026q4_revenue |
| /operating_model/cells/base_fy2026_revenue:base/id | None | base_fy2026_revenue |
| /operating_model/cells/base_fy2026_revenue:base/kind | None | derived |
| /operating_model/cells/base_fy2026_revenue:base/label | None | Total revenue ($M) |
| /operating_model/cells/base_fy2026_revenue:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_revenue:base/value | None | 1400.0 |
| /operating_model/cells/base_fy2027_adj_ebitda:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_fy2027_adj_ebitda:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_adj_ebitda:base/formula/refs/0 | None | base_2027q1_adj_ebitda |
| /operating_model/cells/base_fy2027_adj_ebitda:base/formula/refs/1 | None | base_2027q2_adj_ebitda |
| /operating_model/cells/base_fy2027_adj_ebitda:base/formula/refs/2 | None | base_2027q3_adj_ebitda |
| /operating_model/cells/base_fy2027_adj_ebitda:base/formula/refs/3 | None | base_2027q4_adj_ebitda |
| /operating_model/cells/base_fy2027_adj_ebitda:base/id | None | base_fy2027_adj_ebitda |
| /operating_model/cells/base_fy2027_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_fy2027_adj_ebitda:base/label | None | Adjusted EBITDA proxy ($M) |
| /operating_model/cells/base_fy2027_adj_ebitda:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_adj_ebitda:base/value | None | 376.75 |
| /operating_model/cells/base_fy2027_asset_cash:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_asset_cash:base/case | None | base |
| /operating_model/cells/base_fy2027_asset_cash:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_asset_cash:base/formula/refs/0 | None | base_2027q1_asset_cash |
| /operating_model/cells/base_fy2027_asset_cash:base/formula/refs/1 | None | base_2027q2_asset_cash |
| /operating_model/cells/base_fy2027_asset_cash:base/formula/refs/2 | None | base_2027q3_asset_cash |
| /operating_model/cells/base_fy2027_asset_cash:base/formula/refs/3 | None | base_2027q4_asset_cash |
| /operating_model/cells/base_fy2027_asset_cash:base/id | None | base_fy2027_asset_cash |
| /operating_model/cells/base_fy2027_asset_cash:base/kind | None | derived |
| /operating_model/cells/base_fy2027_asset_cash:base/label | None | Other lending/beneficial asset receipts ($M) |
| /operating_model/cells/base_fy2027_asset_cash:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_asset_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_asset_cash:base/value | None | 120.0 |
| /operating_model/cells/base_fy2027_buybacks:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_buybacks:base/case | None | base |
| /operating_model/cells/base_fy2027_buybacks:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_buybacks:base/formula/refs/0 | None | base_2027q1_buybacks |
| /operating_model/cells/base_fy2027_buybacks:base/formula/refs/1 | None | base_2027q2_buybacks |
| /operating_model/cells/base_fy2027_buybacks:base/formula/refs/2 | None | base_2027q3_buybacks |
| /operating_model/cells/base_fy2027_buybacks:base/formula/refs/3 | None | base_2027q4_buybacks |
| /operating_model/cells/base_fy2027_buybacks:base/id | None | base_fy2027_buybacks |
| /operating_model/cells/base_fy2027_buybacks:base/kind | None | derived |
| /operating_model/cells/base_fy2027_buybacks:base/label | None | Share repurchase cash ($M) |
| /operating_model/cells/base_fy2027_buybacks:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_buybacks:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_buybacks:base/value | None | 0.0 |
| /operating_model/cells/base_fy2027_capex:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_capex:base/case | None | base |
| /operating_model/cells/base_fy2027_capex:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_capex:base/formula/refs/0 | None | base_2027q1_capex |
| /operating_model/cells/base_fy2027_capex:base/formula/refs/1 | None | base_2027q2_capex |
| /operating_model/cells/base_fy2027_capex:base/formula/refs/2 | None | base_2027q3_capex |
| /operating_model/cells/base_fy2027_capex:base/formula/refs/3 | None | base_2027q4_capex |
| /operating_model/cells/base_fy2027_capex:base/id | None | base_fy2027_capex |
| /operating_model/cells/base_fy2027_capex:base/kind | None | derived |
| /operating_model/cells/base_fy2027_capex:base/label | None | Cash PP&E and software ($M) |
| /operating_model/cells/base_fy2027_capex:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_capex:base/value | None | 46.0 |
| /operating_model/cells/base_fy2027_cash_after_claims:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_cash_after_claims:base/case | None | base |
| /operating_model/cells/base_fy2027_cash_after_claims:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_cash_after_claims:base/formula/refs/0 | None | base_2027q1_cash_after_claims |
| /operating_model/cells/base_fy2027_cash_after_claims:base/formula/refs/1 | None | base_2027q2_cash_after_claims |
| /operating_model/cells/base_fy2027_cash_after_claims:base/formula/refs/2 | None | base_2027q3_cash_after_claims |
| /operating_model/cells/base_fy2027_cash_after_claims:base/formula/refs/3 | None | base_2027q4_cash_after_claims |
| /operating_model/cells/base_fy2027_cash_after_claims:base/id | None | base_fy2027_cash_after_claims |
| /operating_model/cells/base_fy2027_cash_after_claims:base/kind | None | derived |
| /operating_model/cells/base_fy2027_cash_after_claims:base/label | None | Cash after lending and capital claims ($M) |
| /operating_model/cells/base_fy2027_cash_after_claims:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_cash_after_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_cash_after_claims:base/value | None | -130.25000000000003 |
| /operating_model/cells/base_fy2027_cfo:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_cfo:base/case | None | base |
| /operating_model/cells/base_fy2027_cfo:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_cfo:base/formula/refs/0 | None | base_2027q1_cfo |
| /operating_model/cells/base_fy2027_cfo:base/formula/refs/1 | None | base_2027q2_cfo |
| /operating_model/cells/base_fy2027_cfo:base/formula/refs/2 | None | base_2027q3_cfo |
| /operating_model/cells/base_fy2027_cfo:base/formula/refs/3 | None | base_2027q4_cfo |
| /operating_model/cells/base_fy2027_cfo:base/id | None | base_fy2027_cfo |
| /operating_model/cells/base_fy2027_cfo:base/kind | None | derived |
| /operating_model/cells/base_fy2027_cfo:base/label | None | CFO after HFS loan settlement ($M) |
| /operating_model/cells/base_fy2027_cfo:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_cfo:base/value | None | -46.25000000000003 |
| /operating_model/cells/base_fy2027_contribution:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_contribution:base/case | None | base |
| /operating_model/cells/base_fy2027_contribution:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_contribution:base/formula/refs/0 | None | base_2027q1_contribution |
| /operating_model/cells/base_fy2027_contribution:base/formula/refs/1 | None | base_2027q2_contribution |
| /operating_model/cells/base_fy2027_contribution:base/formula/refs/2 | None | base_2027q3_contribution |
| /operating_model/cells/base_fy2027_contribution:base/formula/refs/3 | None | base_2027q4_contribution |
| /operating_model/cells/base_fy2027_contribution:base/id | None | base_fy2027_contribution |
| /operating_model/cells/base_fy2027_contribution:base/kind | None | derived |
| /operating_model/cells/base_fy2027_contribution:base/label | None | Fee contribution profit ($M) |
| /operating_model/cells/base_fy2027_contribution:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_contribution:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_contribution:base/value | None | 850.75 |
| /operating_model/cells/base_fy2027_debt_principal:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_debt_principal:base/case | None | base |
| /operating_model/cells/base_fy2027_debt_principal:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_debt_principal:base/formula/refs/0 | None | base_2027q1_debt_principal |
| /operating_model/cells/base_fy2027_debt_principal:base/formula/refs/1 | None | base_2027q2_debt_principal |
| /operating_model/cells/base_fy2027_debt_principal:base/formula/refs/2 | None | base_2027q3_debt_principal |
| /operating_model/cells/base_fy2027_debt_principal:base/formula/refs/3 | None | base_2027q4_debt_principal |
| /operating_model/cells/base_fy2027_debt_principal:base/id | None | base_fy2027_debt_principal |
| /operating_model/cells/base_fy2027_debt_principal:base/kind | None | derived |
| /operating_model/cells/base_fy2027_debt_principal:base/label | None | Debt principal cash ($M) |
| /operating_model/cells/base_fy2027_debt_principal:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_debt_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_debt_principal:base/value | None | 28.0 |
| /operating_model/cells/base_fy2027_fees:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_fees:base/case | None | base |
| /operating_model/cells/base_fy2027_fees:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_fees:base/formula/refs/0 | None | base_2027q1_fees |
| /operating_model/cells/base_fy2027_fees:base/formula/refs/1 | None | base_2027q2_fees |
| /operating_model/cells/base_fy2027_fees:base/formula/refs/2 | None | base_2027q3_fees |
| /operating_model/cells/base_fy2027_fees:base/formula/refs/3 | None | base_2027q4_fees |
| /operating_model/cells/base_fy2027_fees:base/id | None | base_fy2027_fees |
| /operating_model/cells/base_fy2027_fees:base/kind | None | derived |
| /operating_model/cells/base_fy2027_fees:base/label | None | Fee revenue ($M) |
| /operating_model/cells/base_fy2027_fees:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_fees:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_fees:base/value | None | 1620.0 |
| /operating_model/cells/base_fy2027_lending_investment:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_lending_investment:base/case | None | base |
| /operating_model/cells/base_fy2027_lending_investment:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_lending_investment:base/formula/refs/0 | None | base_2027q1_lending_investment |
| /operating_model/cells/base_fy2027_lending_investment:base/formula/refs/1 | None | base_2027q2_lending_investment |
| /operating_model/cells/base_fy2027_lending_investment:base/formula/refs/2 | None | base_2027q3_lending_investment |
| /operating_model/cells/base_fy2027_lending_investment:base/formula/refs/3 | None | base_2027q4_lending_investment |
| /operating_model/cells/base_fy2027_lending_investment:base/id | None | base_fy2027_lending_investment |
| /operating_model/cells/base_fy2027_lending_investment:base/kind | None | derived |
| /operating_model/cells/base_fy2027_lending_investment:base/label | None | Net HFI loan investment ($M) |
| /operating_model/cells/base_fy2027_lending_investment:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_lending_investment:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_lending_investment:base/value | None | 130.0 |
| /operating_model/cells/base_fy2027_operating_income:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_operating_income:base/case | None | base |
| /operating_model/cells/base_fy2027_operating_income:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_operating_income:base/formula/refs/0 | None | base_2027q1_operating_income |
| /operating_model/cells/base_fy2027_operating_income:base/formula/refs/1 | None | base_2027q2_operating_income |
| /operating_model/cells/base_fy2027_operating_income:base/formula/refs/2 | None | base_2027q3_operating_income |
| /operating_model/cells/base_fy2027_operating_income:base/formula/refs/3 | None | base_2027q4_operating_income |
| /operating_model/cells/base_fy2027_operating_income:base/id | None | base_fy2027_operating_income |
| /operating_model/cells/base_fy2027_operating_income:base/kind | None | derived |
| /operating_model/cells/base_fy2027_operating_income:base/label | None | GAAP operating income proxy ($M) |
| /operating_model/cells/base_fy2027_operating_income:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_operating_income:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_operating_income:base/value | None | 95.74999999999997 |
| /operating_model/cells/base_fy2027_revenue:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_revenue:base/case | None | base |
| /operating_model/cells/base_fy2027_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_revenue:base/formula/refs/0 | None | base_2027q1_revenue |
| /operating_model/cells/base_fy2027_revenue:base/formula/refs/1 | None | base_2027q2_revenue |
| /operating_model/cells/base_fy2027_revenue:base/formula/refs/2 | None | base_2027q3_revenue |
| /operating_model/cells/base_fy2027_revenue:base/formula/refs/3 | None | base_2027q4_revenue |
| /operating_model/cells/base_fy2027_revenue:base/id | None | base_fy2027_revenue |
| /operating_model/cells/base_fy2027_revenue:base/kind | None | derived |
| /operating_model/cells/base_fy2027_revenue:base/label | None | Total revenue ($M) |
| /operating_model/cells/base_fy2027_revenue:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_revenue:base/value | None | 1741.0 |
| /operating_model/cells/beneficial_assets:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/beneficial_assets:shared/case | None | shared |
| /operating_model/cells/beneficial_assets:shared/id | None | beneficial_assets |
| /operating_model/cells/beneficial_assets:shared/kind | None | reported |
| /operating_model/cells/beneficial_assets:shared/label | None | beneficial assets |
| /operating_model/cells/beneficial_assets:shared/period | None | June 2026 |
| /operating_model/cells/beneficial_assets:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/beneficial_assets:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/beneficial_assets:shared/unit | None | USD_millions |
| /operating_model/cells/beneficial_assets:shared/value | None | 545.938 |
| /operating_model/cells/cash:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/cash:shared/case | None | shared |
| /operating_model/cells/cash:shared/id | None | cash |
| /operating_model/cells/cash:shared/kind | None | reported |
| /operating_model/cells/cash:shared/label | None | cash |
| /operating_model/cells/cash:shared/period | None | June 2026 |
| /operating_model/cells/cash:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/cash:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/cash:shared/unit | None | USD_millions |
| /operating_model/cells/cash:shared/value | None | 455.957 |
| /operating_model/cells/debt_face:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/debt_face:shared/case | None | shared |
| /operating_model/cells/debt_face:shared/id | None | debt_face |
| /operating_model/cells/debt_face:shared/kind | None | reported |
| /operating_model/cells/debt_face:shared/label | None | debt face |
| /operating_model/cells/debt_face:shared/period | None | June 2026 |
| /operating_model/cells/debt_face:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/debt_face:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/debt_face:shared/unit | None | USD_millions |
| /operating_model/cells/debt_face:shared/value | None | 2031.583 |
| /operating_model/cells/downside_2026q3_activity:downside/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/downside_2026q3_activity:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_activity:downside/formula/op | None | divide |
| /operating_model/cells/downside_2026q3_activity:downside/formula/refs/0 | None | downside_2026q3_volume |
| /operating_model/cells/downside_2026q3_activity:downside/formula/refs/1 | None | q2_volume |
| /operating_model/cells/downside_2026q3_activity:downside/id | None | downside_2026q3_activity |
| /operating_model/cells/downside_2026q3_activity:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_activity:downside/label | None | Activity versus Q2 |
| /operating_model/cells/downside_2026q3_activity:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_activity:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_activity:downside/value | None | 0.9201182634071841 |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/formula/refs/0 | None | downside_2026q3_contribution_plus_balance |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/formula/refs/1 | None | downside_2026q3_fixed_adjusted_cost |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/id | None | downside_2026q3_adj_ebitda |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/value | None | 23.05000000000001 |
| /operating_model/cells/downside_2026q3_asset_cash:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_asset_cash:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_asset_cash:downside/id | None | downside_2026q3_asset_cash |
| /operating_model/cells/downside_2026q3_asset_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_asset_cash:downside/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/downside_2026q3_asset_cash:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_asset_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_asset_cash:downside/value | None | 20.0 |
| /operating_model/cells/downside_2026q3_available_cash:downside/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/downside_2026q3_available_cash:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_available_cash:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_available_cash:downside/formula/refs/0 | None | downside_2026q3_cfo |
| /operating_model/cells/downside_2026q3_available_cash:downside/formula/refs/1 | None | downside_2026q3_asset_cash |
| /operating_model/cells/downside_2026q3_available_cash:downside/id | None | downside_2026q3_available_cash |
| /operating_model/cells/downside_2026q3_available_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_available_cash:downside/label | None | CFO plus asset receipts |
| /operating_model/cells/downside_2026q3_available_cash:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_available_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_available_cash:downside/value | None | -148.95 |
| /operating_model/cells/downside_2026q3_balance_cost:downside/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/downside_2026q3_balance_cost:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_balance_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_balance_cost:downside/formula/refs/0 | None | downside_2026q3_funding_interest |
| /operating_model/cells/downside_2026q3_balance_cost:downside/formula/refs/1 | None | downside_2026q3_fair_value_loss |
| /operating_model/cells/downside_2026q3_balance_cost:downside/id | None | downside_2026q3_balance_cost |
| /operating_model/cells/downside_2026q3_balance_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_balance_cost:downside/label | None | Funding and fair-value costs |
| /operating_model/cells/downside_2026q3_balance_cost:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_balance_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_balance_cost:downside/value | None | 51.0 |
| /operating_model/cells/downside_2026q3_buybacks:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_buybacks:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_buybacks:downside/id | None | downside_2026q3_buybacks |
| /operating_model/cells/downside_2026q3_buybacks:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_buybacks:downside/label | None | Optional repurchases |
| /operating_model/cells/downside_2026q3_buybacks:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_buybacks:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_buybacks:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q3_capex:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_capex:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_capex:downside/id | None | downside_2026q3_capex |
| /operating_model/cells/downside_2026q3_capex:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_capex:downside/label | None | Cash PP&E and software |
| /operating_model/cells/downside_2026q3_capex:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_capex:downside/value | None | 8.0 |
| /operating_model/cells/downside_2026q3_cash_after_claims:downside/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/downside_2026q3_cash_after_claims:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_cash_after_claims:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_cash_after_claims:downside/formula/refs/0 | None | downside_2026q3_available_cash |
| /operating_model/cells/downside_2026q3_cash_after_claims:downside/formula/refs/1 | None | downside_2026q3_investment_and_claims |
| /operating_model/cells/downside_2026q3_cash_after_claims:downside/id | None | downside_2026q3_cash_after_claims |
| /operating_model/cells/downside_2026q3_cash_after_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_cash_after_claims:downside/label | None | Cash after lending and capital claims |
| /operating_model/cells/downside_2026q3_cash_after_claims:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_cash_after_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_cash_after_claims:downside/value | None | -270.49399999999997 |
| /operating_model/cells/downside_2026q3_cash_before_settlement:downside/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/downside_2026q3_cash_before_settlement:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_cash_before_settlement:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_cash_before_settlement:downside/formula/refs/0 | None | downside_2026q3_operating_noncash_bridge |
| /operating_model/cells/downside_2026q3_cash_before_settlement:downside/formula/refs/1 | None | downside_2026q3_cash_timing |
| /operating_model/cells/downside_2026q3_cash_before_settlement:downside/id | None | downside_2026q3_cash_before_settlement |
| /operating_model/cells/downside_2026q3_cash_before_settlement:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_cash_before_settlement:downside/label | None | Cash before operating loan settlement |
| /operating_model/cells/downside_2026q3_cash_before_settlement:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_cash_before_settlement:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_cash_before_settlement:downside/value | None | 31.05000000000001 |
| /operating_model/cells/downside_2026q3_cash_tax:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_cash_tax:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_cash_tax:downside/id | None | downside_2026q3_cash_tax |
| /operating_model/cells/downside_2026q3_cash_tax:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_cash_tax:downside/label | None | Cash tax |
| /operating_model/cells/downside_2026q3_cash_tax:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_cash_tax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_cash_tax:downside/value | None | 3.0 |
| /operating_model/cells/downside_2026q3_cash_timing:downside/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/downside_2026q3_cash_timing:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_cash_timing:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_cash_timing:downside/formula/refs/0 | None | downside_2026q3_cash_tax |
| /operating_model/cells/downside_2026q3_cash_timing:downside/formula/refs/1 | None | downside_2026q3_corporate_net_interest_cash |
| /operating_model/cells/downside_2026q3_cash_timing:downside/formula/refs/2 | None | downside_2026q3_working_capital_use |
| /operating_model/cells/downside_2026q3_cash_timing:downside/id | None | downside_2026q3_cash_timing |
| /operating_model/cells/downside_2026q3_cash_timing:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_cash_timing:downside/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/downside_2026q3_cash_timing:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_cash_timing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_cash_timing:downside/value | None | 19.0 |
| /operating_model/cells/downside_2026q3_cfo:downside/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/downside_2026q3_cfo:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_cfo:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_cfo:downside/formula/refs/0 | None | downside_2026q3_cash_before_settlement |
| /operating_model/cells/downside_2026q3_cfo:downside/formula/refs/1 | None | downside_2026q3_hfs_funding |
| /operating_model/cells/downside_2026q3_cfo:downside/id | None | downside_2026q3_cfo |
| /operating_model/cells/downside_2026q3_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_cfo:downside/label | None | CFO after operating loan settlement |
| /operating_model/cells/downside_2026q3_cfo:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_cfo:downside/value | None | -168.95 |
| /operating_model/cells/downside_2026q3_contribution:downside/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/downside_2026q3_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_contribution:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_contribution:downside/formula/refs/0 | None | downside_2026q3_unsecured_contribution |
| /operating_model/cells/downside_2026q3_contribution:downside/formula/refs/1 | None | downside_2026q3_secured_contribution |
| /operating_model/cells/downside_2026q3_contribution:downside/id | None | downside_2026q3_contribution |
| /operating_model/cells/downside_2026q3_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_contribution:downside/label | None | Fee contribution profit |
| /operating_model/cells/downside_2026q3_contribution:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_contribution:downside/value | None | 136.05 |
| /operating_model/cells/downside_2026q3_contribution_plus_balance:downside/basis | None | Direct fee costs already removed. |
| /operating_model/cells/downside_2026q3_contribution_plus_balance:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_contribution_plus_balance:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_contribution_plus_balance:downside/formula/refs/0 | None | downside_2026q3_contribution |
| /operating_model/cells/downside_2026q3_contribution_plus_balance:downside/formula/refs/1 | None | downside_2026q3_net_balance_revenue |
| /operating_model/cells/downside_2026q3_contribution_plus_balance:downside/id | None | downside_2026q3_contribution_plus_balance |
| /operating_model/cells/downside_2026q3_contribution_plus_balance:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_contribution_plus_balance:downside/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/downside_2026q3_contribution_plus_balance:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_contribution_plus_balance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_contribution_plus_balance:downside/value | None | 143.05 |
| /operating_model/cells/downside_2026q3_convert_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_convert_interest:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_convert_interest:downside/id | None | downside_2026q3_convert_interest |
| /operating_model/cells/downside_2026q3_convert_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_convert_interest:downside/label | None | Convertible GAAP interest |
| /operating_model/cells/downside_2026q3_convert_interest:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_convert_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_convert_interest:downside/value | None | 4.5 |
| /operating_model/cells/downside_2026q3_corporate_net_interest_cash:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_corporate_net_interest_cash:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_corporate_net_interest_cash:downside/id | None | downside_2026q3_corporate_net_interest_cash |
| /operating_model/cells/downside_2026q3_corporate_net_interest_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_corporate_net_interest_cash:downside/label | None | Net corporate cash interest |
| /operating_model/cells/downside_2026q3_corporate_net_interest_cash:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_corporate_net_interest_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_corporate_net_interest_cash:downside/value | None | 1.0 |
| /operating_model/cells/downside_2026q3_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_da:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_da:downside/id | None | downside_2026q3_da |
| /operating_model/cells/downside_2026q3_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_da:downside/label | None | Depreciation and amortization |
| /operating_model/cells/downside_2026q3_da:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_da:downside/value | None | 7.0 |
| /operating_model/cells/downside_2026q3_debt_principal:downside/basis | None | Assumes August note cash settlement; actual post-maturity confirmation pending. |
| /operating_model/cells/downside_2026q3_debt_principal:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_debt_principal:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_debt_principal:downside/formula/refs/0 | None | august_note |
| /operating_model/cells/downside_2026q3_debt_principal:downside/formula/refs/1 | None | downside_2026q3_other_principal |
| /operating_model/cells/downside_2026q3_debt_principal:downside/id | None | downside_2026q3_debt_principal |
| /operating_model/cells/downside_2026q3_debt_principal:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_debt_principal:downside/label | None | Debt principal payment |
| /operating_model/cells/downside_2026q3_debt_principal:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_debt_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_debt_principal:downside/value | None | 73.544 |
| /operating_model/cells/downside_2026q3_ebitda_exclusions:downside/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/downside_2026q3_ebitda_exclusions:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_ebitda_exclusions:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_ebitda_exclusions:downside/formula/refs/0 | None | downside_2026q3_sbc |
| /operating_model/cells/downside_2026q3_ebitda_exclusions:downside/formula/refs/1 | None | downside_2026q3_payroll |
| /operating_model/cells/downside_2026q3_ebitda_exclusions:downside/formula/refs/2 | None | downside_2026q3_da |
| /operating_model/cells/downside_2026q3_ebitda_exclusions:downside/formula/refs/3 | None | downside_2026q3_convert_interest |
| /operating_model/cells/downside_2026q3_ebitda_exclusions:downside/formula/refs/4 | None | downside_2026q3_net_other_income |
| /operating_model/cells/downside_2026q3_ebitda_exclusions:downside/id | None | downside_2026q3_ebitda_exclusions |
| /operating_model/cells/downside_2026q3_ebitda_exclusions:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_ebitda_exclusions:downside/label | None | GAAP bridge exclusions |
| /operating_model/cells/downside_2026q3_ebitda_exclusions:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_ebitda_exclusions:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_ebitda_exclusions:downside/value | None | 58.0 |
| /operating_model/cells/downside_2026q3_fair_value_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_fair_value_loss:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_fair_value_loss:downside/id | None | downside_2026q3_fair_value_loss |
| /operating_model/cells/downside_2026q3_fair_value_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_fair_value_loss:downside/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/downside_2026q3_fair_value_loss:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_fair_value_loss:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_fair_value_loss:downside/value | None | 35.0 |
| /operating_model/cells/downside_2026q3_fee_realization:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_fee_realization:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_fee_realization:downside/id | None | downside_2026q3_fee_realization |
| /operating_model/cells/downside_2026q3_fee_realization:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_fee_realization:downside/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/downside_2026q3_fee_realization:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_fee_realization:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_fee_realization:downside/value | None | 0.8726482768951109 |
| /operating_model/cells/downside_2026q3_fees:downside/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/downside_2026q3_fees:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_fees:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_fees:downside/formula/refs/0 | None | downside_2026q3_unsecured_fee |
| /operating_model/cells/downside_2026q3_fees:downside/formula/refs/1 | None | downside_2026q3_secured_fee |
| /operating_model/cells/downside_2026q3_fees:downside/id | None | downside_2026q3_fees |
| /operating_model/cells/downside_2026q3_fees:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_fees:downside/label | None | Total fee revenue |
| /operating_model/cells/downside_2026q3_fees:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_fees:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_fees:downside/value | None | 285.0 |
| /operating_model/cells/downside_2026q3_fixed_adjusted_cost:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_fixed_adjusted_cost:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_fixed_adjusted_cost:downside/id | None | downside_2026q3_fixed_adjusted_cost |
| /operating_model/cells/downside_2026q3_fixed_adjusted_cost:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_fixed_adjusted_cost:downside/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/downside_2026q3_fixed_adjusted_cost:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_fixed_adjusted_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_fixed_adjusted_cost:downside/value | None | 120.0 |
| /operating_model/cells/downside_2026q3_funding_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_funding_interest:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_funding_interest:downside/id | None | downside_2026q3_funding_interest |
| /operating_model/cells/downside_2026q3_funding_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_funding_interest:downside/label | None | Balance-sheet funding interest |
| /operating_model/cells/downside_2026q3_funding_interest:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_funding_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_funding_interest:downside/value | None | 16.0 |
| /operating_model/cells/downside_2026q3_hfs_funding:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_hfs_funding:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_hfs_funding:downside/id | None | downside_2026q3_hfs_funding |
| /operating_model/cells/downside_2026q3_hfs_funding:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_hfs_funding:downside/label | None | Net operating loan-settlement funding |
| /operating_model/cells/downside_2026q3_hfs_funding:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_hfs_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_hfs_funding:downside/value | None | 200.0 |
| /operating_model/cells/downside_2026q3_investment_and_claims:downside/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/downside_2026q3_investment_and_claims:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_investment_and_claims:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_investment_and_claims:downside/formula/refs/0 | None | downside_2026q3_capex |
| /operating_model/cells/downside_2026q3_investment_and_claims:downside/formula/refs/1 | None | downside_2026q3_lending_investment |
| /operating_model/cells/downside_2026q3_investment_and_claims:downside/formula/refs/2 | None | downside_2026q3_debt_principal |
| /operating_model/cells/downside_2026q3_investment_and_claims:downside/formula/refs/3 | None | downside_2026q3_buybacks |
| /operating_model/cells/downside_2026q3_investment_and_claims:downside/id | None | downside_2026q3_investment_and_claims |
| /operating_model/cells/downside_2026q3_investment_and_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_investment_and_claims:downside/label | None | Loan investment capex and capital claims |
| /operating_model/cells/downside_2026q3_investment_and_claims:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_investment_and_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_investment_and_claims:downside/value | None | 121.544 |
| /operating_model/cells/downside_2026q3_lending_investment:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_lending_investment:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_lending_investment:downside/id | None | downside_2026q3_lending_investment |
| /operating_model/cells/downside_2026q3_lending_investment:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_lending_investment:downside/label | None | Net HFI investment |
| /operating_model/cells/downside_2026q3_lending_investment:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_lending_investment:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_lending_investment:downside/value | None | 40.0 |
| /operating_model/cells/downside_2026q3_loan_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_loan_interest:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_loan_interest:downside/id | None | downside_2026q3_loan_interest |
| /operating_model/cells/downside_2026q3_loan_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_loan_interest:downside/label | None | Loan interest income |
| /operating_model/cells/downside_2026q3_loan_interest:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_loan_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_loan_interest:downside/value | None | 58.0 |
| /operating_model/cells/downside_2026q3_net_balance_revenue:downside/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/downside_2026q3_net_balance_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_net_balance_revenue:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_net_balance_revenue:downside/formula/refs/0 | None | downside_2026q3_loan_interest |
| /operating_model/cells/downside_2026q3_net_balance_revenue:downside/formula/refs/1 | None | downside_2026q3_balance_cost |
| /operating_model/cells/downside_2026q3_net_balance_revenue:downside/id | None | downside_2026q3_net_balance_revenue |
| /operating_model/cells/downside_2026q3_net_balance_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_net_balance_revenue:downside/label | None | Net balance-sheet revenue |
| /operating_model/cells/downside_2026q3_net_balance_revenue:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_net_balance_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_net_balance_revenue:downside/value | None | 7.0 |
| /operating_model/cells/downside_2026q3_net_other_income:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_net_other_income:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_net_other_income:downside/id | None | downside_2026q3_net_other_income |
| /operating_model/cells/downside_2026q3_net_other_income:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_net_other_income:downside/label | None | Net other income after convertible interest |
| /operating_model/cells/downside_2026q3_net_other_income:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_net_other_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_net_other_income:downside/value | None | 2.0 |
| /operating_model/cells/downside_2026q3_operating_income:downside/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/downside_2026q3_operating_income:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_operating_income:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_operating_income:downside/formula/refs/0 | None | downside_2026q3_adj_ebitda |
| /operating_model/cells/downside_2026q3_operating_income:downside/formula/refs/1 | None | downside_2026q3_ebitda_exclusions |
| /operating_model/cells/downside_2026q3_operating_income:downside/id | None | downside_2026q3_operating_income |
| /operating_model/cells/downside_2026q3_operating_income:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_operating_income:downside/label | None | GAAP operating income proxy |
| /operating_model/cells/downside_2026q3_operating_income:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_operating_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_operating_income:downside/value | None | -34.94999999999999 |
| /operating_model/cells/downside_2026q3_operating_noncash_bridge:downside/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/downside_2026q3_operating_noncash_bridge:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_operating_noncash_bridge:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_operating_noncash_bridge:downside/formula/refs/0 | None | downside_2026q3_operating_income |
| /operating_model/cells/downside_2026q3_operating_noncash_bridge:downside/formula/refs/1 | None | downside_2026q3_sbc |
| /operating_model/cells/downside_2026q3_operating_noncash_bridge:downside/formula/refs/2 | None | downside_2026q3_da |
| /operating_model/cells/downside_2026q3_operating_noncash_bridge:downside/formula/refs/3 | None | downside_2026q3_fair_value_loss |
| /operating_model/cells/downside_2026q3_operating_noncash_bridge:downside/id | None | downside_2026q3_operating_noncash_bridge |
| /operating_model/cells/downside_2026q3_operating_noncash_bridge:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_operating_noncash_bridge:downside/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/downside_2026q3_operating_noncash_bridge:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_operating_noncash_bridge:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_operating_noncash_bridge:downside/value | None | 50.05000000000001 |
| /operating_model/cells/downside_2026q3_other_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_other_principal:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_other_principal:downside/id | None | downside_2026q3_other_principal |
| /operating_model/cells/downside_2026q3_other_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_other_principal:downside/label | None | Other asset-backed principal |
| /operating_model/cells/downside_2026q3_other_principal:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_other_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_other_principal:downside/value | None | 7.0 |
| /operating_model/cells/downside_2026q3_payroll:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_payroll:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_payroll:downside/id | None | downside_2026q3_payroll |
| /operating_model/cells/downside_2026q3_payroll:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_payroll:downside/label | None | Equity payroll adjustment |
| /operating_model/cells/downside_2026q3_payroll:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_payroll:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_payroll:downside/value | None | 1.5 |
| /operating_model/cells/downside_2026q3_revenue:downside/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/downside_2026q3_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_revenue:downside/formula/refs/0 | None | downside_2026q3_fees |
| /operating_model/cells/downside_2026q3_revenue:downside/formula/refs/1 | None | downside_2026q3_net_balance_revenue |
| /operating_model/cells/downside_2026q3_revenue:downside/id | None | downside_2026q3_revenue |
| /operating_model/cells/downside_2026q3_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_revenue:downside/label | None | Total revenue |
| /operating_model/cells/downside_2026q3_revenue:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_revenue:downside/value | None | 292.0 |
| /operating_model/cells/downside_2026q3_sbc:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_sbc:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_sbc:downside/id | None | downside_2026q3_sbc |
| /operating_model/cells/downside_2026q3_sbc:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_sbc:downside/label | None | SBC expense |
| /operating_model/cells/downside_2026q3_sbc:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_sbc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_sbc:downside/value | None | 43.0 |
| /operating_model/cells/downside_2026q3_secured_cm:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_secured_cm:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_secured_cm:downside/id | None | downside_2026q3_secured_cm |
| /operating_model/cells/downside_2026q3_secured_cm:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_secured_cm:downside/label | None | Secured contribution margin |
| /operating_model/cells/downside_2026q3_secured_cm:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_secured_cm:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_secured_cm:downside/value | None | -0.35 |
| /operating_model/cells/downside_2026q3_secured_contribution:downside/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/downside_2026q3_secured_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_secured_contribution:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q3_secured_contribution:downside/formula/refs/0 | None | downside_2026q3_secured_fee |
| /operating_model/cells/downside_2026q3_secured_contribution:downside/formula/refs/1 | None | downside_2026q3_secured_cm |
| /operating_model/cells/downside_2026q3_secured_contribution:downside/id | None | downside_2026q3_secured_contribution |
| /operating_model/cells/downside_2026q3_secured_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_secured_contribution:downside/label | None | Secured contribution |
| /operating_model/cells/downside_2026q3_secured_contribution:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_secured_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_secured_contribution:downside/value | None | -8.049999999999999 |
| /operating_model/cells/downside_2026q3_secured_fee:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_secured_fee:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_secured_fee:downside/id | None | downside_2026q3_secured_fee |
| /operating_model/cells/downside_2026q3_secured_fee:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_secured_fee:downside/label | None | Secured fee revenue |
| /operating_model/cells/downside_2026q3_secured_fee:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_secured_fee:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_secured_fee:downside/value | None | 23.0 |
| /operating_model/cells/downside_2026q3_september_volume:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_september_volume:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_september_volume:downside/id | None | downside_2026q3_september_volume |
| /operating_model/cells/downside_2026q3_september_volume:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_september_volume:downside/label | None | September principal estimate |
| /operating_model/cells/downside_2026q3_september_volume:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_september_volume:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_september_volume:downside/value | None | 1150.0 |
| /operating_model/cells/downside_2026q3_unsecured_cm:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_unsecured_cm:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_unsecured_cm:downside/id | None | downside_2026q3_unsecured_cm |
| /operating_model/cells/downside_2026q3_unsecured_cm:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_unsecured_cm:downside/label | None | Unsecured contribution margin |
| /operating_model/cells/downside_2026q3_unsecured_cm:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_unsecured_cm:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_unsecured_cm:downside/value | None | 0.55 |
| /operating_model/cells/downside_2026q3_unsecured_contribution:downside/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/downside_2026q3_unsecured_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_unsecured_contribution:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q3_unsecured_contribution:downside/formula/refs/0 | None | downside_2026q3_unsecured_fee |
| /operating_model/cells/downside_2026q3_unsecured_contribution:downside/formula/refs/1 | None | downside_2026q3_unsecured_cm |
| /operating_model/cells/downside_2026q3_unsecured_contribution:downside/id | None | downside_2026q3_unsecured_contribution |
| /operating_model/cells/downside_2026q3_unsecured_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_unsecured_contribution:downside/label | None | Unsecured contribution |
| /operating_model/cells/downside_2026q3_unsecured_contribution:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_unsecured_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_unsecured_contribution:downside/value | None | 144.10000000000002 |
| /operating_model/cells/downside_2026q3_unsecured_fee:downside/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/downside_2026q3_unsecured_fee:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_unsecured_fee:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q3_unsecured_fee:downside/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/downside_2026q3_unsecured_fee:downside/formula/refs/1 | None | downside_2026q3_activity |
| /operating_model/cells/downside_2026q3_unsecured_fee:downside/formula/refs/2 | None | downside_2026q3_fee_realization |
| /operating_model/cells/downside_2026q3_unsecured_fee:downside/id | None | downside_2026q3_unsecured_fee |
| /operating_model/cells/downside_2026q3_unsecured_fee:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_unsecured_fee:downside/label | None | Unsecured fee revenue |
| /operating_model/cells/downside_2026q3_unsecured_fee:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_unsecured_fee:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_unsecured_fee:downside/value | None | 262.0 |
| /operating_model/cells/downside_2026q3_volume:downside/basis | None | Two reported months plus one desk forecast. |
| /operating_model/cells/downside_2026q3_volume:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_volume:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_volume:downside/formula/refs/0 | None | july_volume |
| /operating_model/cells/downside_2026q3_volume:downside/formula/refs/1 | None | august_volume |
| /operating_model/cells/downside_2026q3_volume:downside/formula/refs/2 | None | downside_2026q3_september_volume |
| /operating_model/cells/downside_2026q3_volume:downside/id | None | downside_2026q3_volume |
| /operating_model/cells/downside_2026q3_volume:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_volume:downside/label | None | Facilitated principal |
| /operating_model/cells/downside_2026q3_volume:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_volume:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_volume:downside/value | None | 3889.5 |
| /operating_model/cells/downside_2026q3_working_capital_use:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_working_capital_use:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_working_capital_use:downside/id | None | downside_2026q3_working_capital_use |
| /operating_model/cells/downside_2026q3_working_capital_use:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_working_capital_use:downside/label | None | Other working-capital and settlement use |
| /operating_model/cells/downside_2026q3_working_capital_use:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_working_capital_use:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_working_capital_use:downside/value | None | 15.0 |
| /operating_model/cells/downside_2026q4_activity:downside/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/downside_2026q4_activity:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_activity:downside/formula/op | None | divide |
| /operating_model/cells/downside_2026q4_activity:downside/formula/refs/0 | None | downside_2026q4_volume |
| /operating_model/cells/downside_2026q4_activity:downside/formula/refs/1 | None | q2_volume |
| /operating_model/cells/downside_2026q4_activity:downside/id | None | downside_2026q4_activity |
| /operating_model/cells/downside_2026q4_activity:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_activity:downside/label | None | Activity versus Q2 |
| /operating_model/cells/downside_2026q4_activity:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_activity:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_activity:downside/value | None | 0.863461026208053 |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/formula/refs/0 | None | downside_2026q4_contribution_plus_balance |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/formula/refs/1 | None | downside_2026q4_fixed_adjusted_cost |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/id | None | downside_2026q4_adj_ebitda |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/value | None | 19.375000000000057 |
| /operating_model/cells/downside_2026q4_asset_cash:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_asset_cash:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_asset_cash:downside/id | None | downside_2026q4_asset_cash |
| /operating_model/cells/downside_2026q4_asset_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_asset_cash:downside/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/downside_2026q4_asset_cash:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_asset_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_asset_cash:downside/value | None | 20.0 |
| /operating_model/cells/downside_2026q4_available_cash:downside/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/downside_2026q4_available_cash:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_available_cash:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_available_cash:downside/formula/refs/0 | None | downside_2026q4_cfo |
| /operating_model/cells/downside_2026q4_available_cash:downside/formula/refs/1 | None | downside_2026q4_asset_cash |
| /operating_model/cells/downside_2026q4_available_cash:downside/id | None | downside_2026q4_available_cash |
| /operating_model/cells/downside_2026q4_available_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_available_cash:downside/label | None | CFO plus asset receipts |
| /operating_model/cells/downside_2026q4_available_cash:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_available_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_available_cash:downside/value | None | -151.62499999999994 |
| /operating_model/cells/downside_2026q4_balance_cost:downside/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/downside_2026q4_balance_cost:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_balance_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_balance_cost:downside/formula/refs/0 | None | downside_2026q4_funding_interest |
| /operating_model/cells/downside_2026q4_balance_cost:downside/formula/refs/1 | None | downside_2026q4_fair_value_loss |
| /operating_model/cells/downside_2026q4_balance_cost:downside/id | None | downside_2026q4_balance_cost |
| /operating_model/cells/downside_2026q4_balance_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_balance_cost:downside/label | None | Funding and fair-value costs |
| /operating_model/cells/downside_2026q4_balance_cost:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_balance_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_balance_cost:downside/value | None | 55.0 |
| /operating_model/cells/downside_2026q4_buybacks:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_buybacks:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_buybacks:downside/id | None | downside_2026q4_buybacks |
| /operating_model/cells/downside_2026q4_buybacks:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_buybacks:downside/label | None | Optional repurchases |
| /operating_model/cells/downside_2026q4_buybacks:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_buybacks:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_buybacks:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q4_capex:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_capex:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_capex:downside/id | None | downside_2026q4_capex |
| /operating_model/cells/downside_2026q4_capex:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_capex:downside/label | None | Cash PP&E and software |
| /operating_model/cells/downside_2026q4_capex:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_capex:downside/value | None | 9.0 |
| /operating_model/cells/downside_2026q4_cash_after_claims:downside/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/downside_2026q4_cash_after_claims:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_cash_after_claims:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_cash_after_claims:downside/formula/refs/0 | None | downside_2026q4_available_cash |
| /operating_model/cells/downside_2026q4_cash_after_claims:downside/formula/refs/1 | None | downside_2026q4_investment_and_claims |
| /operating_model/cells/downside_2026q4_cash_after_claims:downside/id | None | downside_2026q4_cash_after_claims |
| /operating_model/cells/downside_2026q4_cash_after_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_cash_after_claims:downside/label | None | Cash after lending and capital claims |
| /operating_model/cells/downside_2026q4_cash_after_claims:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_cash_after_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_cash_after_claims:downside/value | None | -212.62499999999994 |
| /operating_model/cells/downside_2026q4_cash_before_settlement:downside/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/downside_2026q4_cash_before_settlement:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_cash_before_settlement:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_cash_before_settlement:downside/formula/refs/0 | None | downside_2026q4_operating_noncash_bridge |
| /operating_model/cells/downside_2026q4_cash_before_settlement:downside/formula/refs/1 | None | downside_2026q4_cash_timing |
| /operating_model/cells/downside_2026q4_cash_before_settlement:downside/id | None | downside_2026q4_cash_before_settlement |
| /operating_model/cells/downside_2026q4_cash_before_settlement:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_cash_before_settlement:downside/label | None | Cash before operating loan settlement |
| /operating_model/cells/downside_2026q4_cash_before_settlement:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_cash_before_settlement:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_cash_before_settlement:downside/value | None | 28.375000000000057 |
| /operating_model/cells/downside_2026q4_cash_tax:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_cash_tax:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_cash_tax:downside/id | None | downside_2026q4_cash_tax |
| /operating_model/cells/downside_2026q4_cash_tax:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_cash_tax:downside/label | None | Cash tax |
| /operating_model/cells/downside_2026q4_cash_tax:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_cash_tax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_cash_tax:downside/value | None | 3.0 |
| /operating_model/cells/downside_2026q4_cash_timing:downside/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/downside_2026q4_cash_timing:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_cash_timing:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_cash_timing:downside/formula/refs/0 | None | downside_2026q4_cash_tax |
| /operating_model/cells/downside_2026q4_cash_timing:downside/formula/refs/1 | None | downside_2026q4_corporate_net_interest_cash |
| /operating_model/cells/downside_2026q4_cash_timing:downside/formula/refs/2 | None | downside_2026q4_working_capital_use |
| /operating_model/cells/downside_2026q4_cash_timing:downside/id | None | downside_2026q4_cash_timing |
| /operating_model/cells/downside_2026q4_cash_timing:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_cash_timing:downside/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/downside_2026q4_cash_timing:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_cash_timing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_cash_timing:downside/value | None | 21.0 |
| /operating_model/cells/downside_2026q4_cfo:downside/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/downside_2026q4_cfo:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_cfo:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_cfo:downside/formula/refs/0 | None | downside_2026q4_cash_before_settlement |
| /operating_model/cells/downside_2026q4_cfo:downside/formula/refs/1 | None | downside_2026q4_hfs_funding |
| /operating_model/cells/downside_2026q4_cfo:downside/id | None | downside_2026q4_cfo |
| /operating_model/cells/downside_2026q4_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_cfo:downside/label | None | CFO after operating loan settlement |
| /operating_model/cells/downside_2026q4_cfo:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_cfo:downside/value | None | -171.62499999999994 |
| /operating_model/cells/downside_2026q4_contribution:downside/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/downside_2026q4_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_contribution:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_contribution:downside/formula/refs/0 | None | downside_2026q4_unsecured_contribution |
| /operating_model/cells/downside_2026q4_contribution:downside/formula/refs/1 | None | downside_2026q4_secured_contribution |
| /operating_model/cells/downside_2026q4_contribution:downside/id | None | downside_2026q4_contribution |
| /operating_model/cells/downside_2026q4_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_contribution:downside/label | None | Fee contribution profit |
| /operating_model/cells/downside_2026q4_contribution:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_contribution:downside/value | None | 140.37500000000006 |
| /operating_model/cells/downside_2026q4_contribution_plus_balance:downside/basis | None | Direct fee costs already removed. |
| /operating_model/cells/downside_2026q4_contribution_plus_balance:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_contribution_plus_balance:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_contribution_plus_balance:downside/formula/refs/0 | None | downside_2026q4_contribution |
| /operating_model/cells/downside_2026q4_contribution_plus_balance:downside/formula/refs/1 | None | downside_2026q4_net_balance_revenue |
| /operating_model/cells/downside_2026q4_contribution_plus_balance:downside/id | None | downside_2026q4_contribution_plus_balance |
| /operating_model/cells/downside_2026q4_contribution_plus_balance:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_contribution_plus_balance:downside/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/downside_2026q4_contribution_plus_balance:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_contribution_plus_balance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_contribution_plus_balance:downside/value | None | 142.37500000000006 |
| /operating_model/cells/downside_2026q4_convert_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_convert_interest:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_convert_interest:downside/id | None | downside_2026q4_convert_interest |
| /operating_model/cells/downside_2026q4_convert_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_convert_interest:downside/label | None | Convertible GAAP interest |
| /operating_model/cells/downside_2026q4_convert_interest:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_convert_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_convert_interest:downside/value | None | 4.5 |
| /operating_model/cells/downside_2026q4_corporate_net_interest_cash:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_corporate_net_interest_cash:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_corporate_net_interest_cash:downside/id | None | downside_2026q4_corporate_net_interest_cash |
| /operating_model/cells/downside_2026q4_corporate_net_interest_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_corporate_net_interest_cash:downside/label | None | Net corporate cash interest |
| /operating_model/cells/downside_2026q4_corporate_net_interest_cash:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_corporate_net_interest_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_corporate_net_interest_cash:downside/value | None | 1.0 |
| /operating_model/cells/downside_2026q4_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_da:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_da:downside/id | None | downside_2026q4_da |
| /operating_model/cells/downside_2026q4_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_da:downside/label | None | Depreciation and amortization |
| /operating_model/cells/downside_2026q4_da:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_da:downside/value | None | 7.5 |
| /operating_model/cells/downside_2026q4_debt_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_debt_principal:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_debt_principal:downside/id | None | downside_2026q4_debt_principal |
| /operating_model/cells/downside_2026q4_debt_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_debt_principal:downside/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/downside_2026q4_debt_principal:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_debt_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_debt_principal:downside/value | None | 7.0 |
| /operating_model/cells/downside_2026q4_ebitda_exclusions:downside/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/downside_2026q4_ebitda_exclusions:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_ebitda_exclusions:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_ebitda_exclusions:downside/formula/refs/0 | None | downside_2026q4_sbc |
| /operating_model/cells/downside_2026q4_ebitda_exclusions:downside/formula/refs/1 | None | downside_2026q4_payroll |
| /operating_model/cells/downside_2026q4_ebitda_exclusions:downside/formula/refs/2 | None | downside_2026q4_da |
| /operating_model/cells/downside_2026q4_ebitda_exclusions:downside/formula/refs/3 | None | downside_2026q4_convert_interest |
| /operating_model/cells/downside_2026q4_ebitda_exclusions:downside/formula/refs/4 | None | downside_2026q4_net_other_income |
| /operating_model/cells/downside_2026q4_ebitda_exclusions:downside/id | None | downside_2026q4_ebitda_exclusions |
| /operating_model/cells/downside_2026q4_ebitda_exclusions:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_ebitda_exclusions:downside/label | None | GAAP bridge exclusions |
| /operating_model/cells/downside_2026q4_ebitda_exclusions:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_ebitda_exclusions:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_ebitda_exclusions:downside/value | None | 61.5 |
| /operating_model/cells/downside_2026q4_fair_value_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_fair_value_loss:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_fair_value_loss:downside/id | None | downside_2026q4_fair_value_loss |
| /operating_model/cells/downside_2026q4_fair_value_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_fair_value_loss:downside/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/downside_2026q4_fair_value_loss:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_fair_value_loss:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_fair_value_loss:downside/value | None | 38.0 |
| /operating_model/cells/downside_2026q4_fee_realization:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_fee_realization:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_fee_realization:downside/id | None | downside_2026q4_fee_realization |
| /operating_model/cells/downside_2026q4_fee_realization:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_fee_realization:downside/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/downside_2026q4_fee_realization:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_fee_realization:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_fee_realization:downside/value | None | 0.9583024968164323 |
| /operating_model/cells/downside_2026q4_fees:downside/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/downside_2026q4_fees:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_fees:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_fees:downside/formula/refs/0 | None | downside_2026q4_unsecured_fee |
| /operating_model/cells/downside_2026q4_fees:downside/formula/refs/1 | None | downside_2026q4_secured_fee |
| /operating_model/cells/downside_2026q4_fees:downside/id | None | downside_2026q4_fees |
| /operating_model/cells/downside_2026q4_fees:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_fees:downside/label | None | Total fee revenue |
| /operating_model/cells/downside_2026q4_fees:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_fees:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_fees:downside/value | None | 295.00000000000006 |
| /operating_model/cells/downside_2026q4_fixed_adjusted_cost:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_fixed_adjusted_cost:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_fixed_adjusted_cost:downside/id | None | downside_2026q4_fixed_adjusted_cost |
| /operating_model/cells/downside_2026q4_fixed_adjusted_cost:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_fixed_adjusted_cost:downside/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/downside_2026q4_fixed_adjusted_cost:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_fixed_adjusted_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_fixed_adjusted_cost:downside/value | None | 123.0 |
| /operating_model/cells/downside_2026q4_funding_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_funding_interest:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_funding_interest:downside/id | None | downside_2026q4_funding_interest |
| /operating_model/cells/downside_2026q4_funding_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_funding_interest:downside/label | None | Balance-sheet funding interest |
| /operating_model/cells/downside_2026q4_funding_interest:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_funding_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_funding_interest:downside/value | None | 17.0 |
| /operating_model/cells/downside_2026q4_hfs_funding:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_hfs_funding:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_hfs_funding:downside/id | None | downside_2026q4_hfs_funding |
| /operating_model/cells/downside_2026q4_hfs_funding:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_hfs_funding:downside/label | None | Net operating loan-settlement funding |
| /operating_model/cells/downside_2026q4_hfs_funding:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_hfs_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_hfs_funding:downside/value | None | 200.0 |
| /operating_model/cells/downside_2026q4_investment_and_claims:downside/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/downside_2026q4_investment_and_claims:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_investment_and_claims:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_investment_and_claims:downside/formula/refs/0 | None | downside_2026q4_capex |
| /operating_model/cells/downside_2026q4_investment_and_claims:downside/formula/refs/1 | None | downside_2026q4_lending_investment |
| /operating_model/cells/downside_2026q4_investment_and_claims:downside/formula/refs/2 | None | downside_2026q4_debt_principal |
| /operating_model/cells/downside_2026q4_investment_and_claims:downside/formula/refs/3 | None | downside_2026q4_buybacks |
| /operating_model/cells/downside_2026q4_investment_and_claims:downside/id | None | downside_2026q4_investment_and_claims |
| /operating_model/cells/downside_2026q4_investment_and_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_investment_and_claims:downside/label | None | Loan investment capex and capital claims |
| /operating_model/cells/downside_2026q4_investment_and_claims:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_investment_and_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_investment_and_claims:downside/value | None | 61.0 |
| /operating_model/cells/downside_2026q4_lending_investment:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_lending_investment:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_lending_investment:downside/id | None | downside_2026q4_lending_investment |
| /operating_model/cells/downside_2026q4_lending_investment:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_lending_investment:downside/label | None | Net HFI investment |
| /operating_model/cells/downside_2026q4_lending_investment:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_lending_investment:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_lending_investment:downside/value | None | 45.0 |
| /operating_model/cells/downside_2026q4_loan_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_loan_interest:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_loan_interest:downside/id | None | downside_2026q4_loan_interest |
| /operating_model/cells/downside_2026q4_loan_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_loan_interest:downside/label | None | Loan interest income |
| /operating_model/cells/downside_2026q4_loan_interest:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_loan_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_loan_interest:downside/value | None | 57.0 |
| /operating_model/cells/downside_2026q4_net_balance_revenue:downside/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/downside_2026q4_net_balance_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_net_balance_revenue:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_net_balance_revenue:downside/formula/refs/0 | None | downside_2026q4_loan_interest |
| /operating_model/cells/downside_2026q4_net_balance_revenue:downside/formula/refs/1 | None | downside_2026q4_balance_cost |
| /operating_model/cells/downside_2026q4_net_balance_revenue:downside/id | None | downside_2026q4_net_balance_revenue |
| /operating_model/cells/downside_2026q4_net_balance_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_net_balance_revenue:downside/label | None | Net balance-sheet revenue |
| /operating_model/cells/downside_2026q4_net_balance_revenue:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_net_balance_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_net_balance_revenue:downside/value | None | 2.0 |
| /operating_model/cells/downside_2026q4_net_other_income:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_net_other_income:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_net_other_income:downside/id | None | downside_2026q4_net_other_income |
| /operating_model/cells/downside_2026q4_net_other_income:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_net_other_income:downside/label | None | Net other income after convertible interest |
| /operating_model/cells/downside_2026q4_net_other_income:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_net_other_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_net_other_income:downside/value | None | 2.0 |
| /operating_model/cells/downside_2026q4_operating_income:downside/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/downside_2026q4_operating_income:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_operating_income:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_operating_income:downside/formula/refs/0 | None | downside_2026q4_adj_ebitda |
| /operating_model/cells/downside_2026q4_operating_income:downside/formula/refs/1 | None | downside_2026q4_ebitda_exclusions |
| /operating_model/cells/downside_2026q4_operating_income:downside/id | None | downside_2026q4_operating_income |
| /operating_model/cells/downside_2026q4_operating_income:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_operating_income:downside/label | None | GAAP operating income proxy |
| /operating_model/cells/downside_2026q4_operating_income:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_operating_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_operating_income:downside/value | None | -42.12499999999994 |
| /operating_model/cells/downside_2026q4_operating_noncash_bridge:downside/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/downside_2026q4_operating_noncash_bridge:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_operating_noncash_bridge:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_operating_noncash_bridge:downside/formula/refs/0 | None | downside_2026q4_operating_income |
| /operating_model/cells/downside_2026q4_operating_noncash_bridge:downside/formula/refs/1 | None | downside_2026q4_sbc |
| /operating_model/cells/downside_2026q4_operating_noncash_bridge:downside/formula/refs/2 | None | downside_2026q4_da |
| /operating_model/cells/downside_2026q4_operating_noncash_bridge:downside/formula/refs/3 | None | downside_2026q4_fair_value_loss |
| /operating_model/cells/downside_2026q4_operating_noncash_bridge:downside/id | None | downside_2026q4_operating_noncash_bridge |
| /operating_model/cells/downside_2026q4_operating_noncash_bridge:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_operating_noncash_bridge:downside/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/downside_2026q4_operating_noncash_bridge:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_operating_noncash_bridge:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_operating_noncash_bridge:downside/value | None | 49.37500000000006 |
| /operating_model/cells/downside_2026q4_payroll:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_payroll:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_payroll:downside/id | None | downside_2026q4_payroll |
| /operating_model/cells/downside_2026q4_payroll:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_payroll:downside/label | None | Equity payroll adjustment |
| /operating_model/cells/downside_2026q4_payroll:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_payroll:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_payroll:downside/value | None | 1.5 |
| /operating_model/cells/downside_2026q4_revenue:downside/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/downside_2026q4_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_revenue:downside/formula/refs/0 | None | downside_2026q4_fees |
| /operating_model/cells/downside_2026q4_revenue:downside/formula/refs/1 | None | downside_2026q4_net_balance_revenue |
| /operating_model/cells/downside_2026q4_revenue:downside/id | None | downside_2026q4_revenue |
| /operating_model/cells/downside_2026q4_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_revenue:downside/label | None | Total revenue |
| /operating_model/cells/downside_2026q4_revenue:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_revenue:downside/value | None | 297.00000000000006 |
| /operating_model/cells/downside_2026q4_sbc:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_sbc:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_sbc:downside/id | None | downside_2026q4_sbc |
| /operating_model/cells/downside_2026q4_sbc:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_sbc:downside/label | None | SBC expense |
| /operating_model/cells/downside_2026q4_sbc:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_sbc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_sbc:downside/value | None | 46.0 |
| /operating_model/cells/downside_2026q4_secured_cm:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_secured_cm:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_secured_cm:downside/id | None | downside_2026q4_secured_cm |
| /operating_model/cells/downside_2026q4_secured_cm:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_secured_cm:downside/label | None | Secured contribution margin |
| /operating_model/cells/downside_2026q4_secured_cm:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_secured_cm:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_secured_cm:downside/value | None | -0.32499999999999996 |
| /operating_model/cells/downside_2026q4_secured_contribution:downside/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/downside_2026q4_secured_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_secured_contribution:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q4_secured_contribution:downside/formula/refs/0 | None | downside_2026q4_secured_fee |
| /operating_model/cells/downside_2026q4_secured_contribution:downside/formula/refs/1 | None | downside_2026q4_secured_cm |
| /operating_model/cells/downside_2026q4_secured_contribution:downside/id | None | downside_2026q4_secured_contribution |
| /operating_model/cells/downside_2026q4_secured_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_secured_contribution:downside/label | None | Secured contribution |
| /operating_model/cells/downside_2026q4_secured_contribution:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_secured_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_secured_contribution:downside/value | None | -8.124999999999998 |
| /operating_model/cells/downside_2026q4_secured_fee:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_secured_fee:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_secured_fee:downside/id | None | downside_2026q4_secured_fee |
| /operating_model/cells/downside_2026q4_secured_fee:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_secured_fee:downside/label | None | Secured fee revenue |
| /operating_model/cells/downside_2026q4_secured_fee:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_secured_fee:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_secured_fee:downside/value | None | 25.0 |
| /operating_model/cells/downside_2026q4_unsecured_cm:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_unsecured_cm:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_unsecured_cm:downside/id | None | downside_2026q4_unsecured_cm |
| /operating_model/cells/downside_2026q4_unsecured_cm:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_unsecured_cm:downside/label | None | Unsecured contribution margin |
| /operating_model/cells/downside_2026q4_unsecured_cm:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_unsecured_cm:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_unsecured_cm:downside/value | None | 0.55 |
| /operating_model/cells/downside_2026q4_unsecured_contribution:downside/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/downside_2026q4_unsecured_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_unsecured_contribution:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q4_unsecured_contribution:downside/formula/refs/0 | None | downside_2026q4_unsecured_fee |
| /operating_model/cells/downside_2026q4_unsecured_contribution:downside/formula/refs/1 | None | downside_2026q4_unsecured_cm |
| /operating_model/cells/downside_2026q4_unsecured_contribution:downside/id | None | downside_2026q4_unsecured_contribution |
| /operating_model/cells/downside_2026q4_unsecured_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_unsecured_contribution:downside/label | None | Unsecured contribution |
| /operating_model/cells/downside_2026q4_unsecured_contribution:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_unsecured_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_unsecured_contribution:downside/value | None | 148.50000000000006 |
| /operating_model/cells/downside_2026q4_unsecured_fee:downside/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/downside_2026q4_unsecured_fee:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_unsecured_fee:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q4_unsecured_fee:downside/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/downside_2026q4_unsecured_fee:downside/formula/refs/1 | None | downside_2026q4_activity |
| /operating_model/cells/downside_2026q4_unsecured_fee:downside/formula/refs/2 | None | downside_2026q4_fee_realization |
| /operating_model/cells/downside_2026q4_unsecured_fee:downside/id | None | downside_2026q4_unsecured_fee |
| /operating_model/cells/downside_2026q4_unsecured_fee:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_unsecured_fee:downside/label | None | Unsecured fee revenue |
| /operating_model/cells/downside_2026q4_unsecured_fee:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_unsecured_fee:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_unsecured_fee:downside/value | None | 270.00000000000006 |
| /operating_model/cells/downside_2026q4_volume:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_volume:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_volume:downside/id | None | downside_2026q4_volume |
| /operating_model/cells/downside_2026q4_volume:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_volume:downside/label | None | Facilitated principal |
| /operating_model/cells/downside_2026q4_volume:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_volume:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_volume:downside/value | None | 3650.0 |
| /operating_model/cells/downside_2026q4_working_capital_use:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_working_capital_use:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_working_capital_use:downside/id | None | downside_2026q4_working_capital_use |
| /operating_model/cells/downside_2026q4_working_capital_use:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_working_capital_use:downside/label | None | Other working-capital and settlement use |
| /operating_model/cells/downside_2026q4_working_capital_use:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_working_capital_use:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_working_capital_use:downside/value | None | 17.0 |
| /operating_model/cells/downside_2027q1_activity:downside/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/downside_2027q1_activity:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_activity:downside/formula/op | None | divide |
| /operating_model/cells/downside_2027q1_activity:downside/formula/refs/0 | None | downside_2027q1_volume |
| /operating_model/cells/downside_2027q1_activity:downside/formula/refs/1 | None | q2_volume |
| /operating_model/cells/downside_2027q1_activity:downside/id | None | downside_2027q1_activity |
| /operating_model/cells/downside_2027q1_activity:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_activity:downside/label | None | Activity versus Q2 |
| /operating_model/cells/downside_2027q1_activity:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_activity:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_activity:downside/value | None | 0.8516327929723262 |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/formula/refs/0 | None | downside_2027q1_contribution_plus_balance |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/formula/refs/1 | None | downside_2027q1_fixed_adjusted_cost |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/id | None | downside_2027q1_adj_ebitda |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/value | None | 11.700000000000017 |
| /operating_model/cells/downside_2027q1_asset_cash:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_asset_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_asset_cash:downside/id | None | downside_2027q1_asset_cash |
| /operating_model/cells/downside_2027q1_asset_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_asset_cash:downside/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/downside_2027q1_asset_cash:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_asset_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_asset_cash:downside/value | None | 20.0 |
| /operating_model/cells/downside_2027q1_available_cash:downside/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/downside_2027q1_available_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_available_cash:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_available_cash:downside/formula/refs/0 | None | downside_2027q1_cfo |
| /operating_model/cells/downside_2027q1_available_cash:downside/formula/refs/1 | None | downside_2027q1_asset_cash |
| /operating_model/cells/downside_2027q1_available_cash:downside/id | None | downside_2027q1_available_cash |
| /operating_model/cells/downside_2027q1_available_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_available_cash:downside/label | None | CFO plus asset receipts |
| /operating_model/cells/downside_2027q1_available_cash:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_available_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_available_cash:downside/value | None | -111.29999999999998 |
| /operating_model/cells/downside_2027q1_balance_cost:downside/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/downside_2027q1_balance_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_balance_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_balance_cost:downside/formula/refs/0 | None | downside_2027q1_funding_interest |
| /operating_model/cells/downside_2027q1_balance_cost:downside/formula/refs/1 | None | downside_2027q1_fair_value_loss |
| /operating_model/cells/downside_2027q1_balance_cost:downside/id | None | downside_2027q1_balance_cost |
| /operating_model/cells/downside_2027q1_balance_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_balance_cost:downside/label | None | Funding and fair-value costs |
| /operating_model/cells/downside_2027q1_balance_cost:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_balance_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_balance_cost:downside/value | None | 56.0 |
| /operating_model/cells/downside_2027q1_buybacks:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_buybacks:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_buybacks:downside/id | None | downside_2027q1_buybacks |
| /operating_model/cells/downside_2027q1_buybacks:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_buybacks:downside/label | None | Optional repurchases |
| /operating_model/cells/downside_2027q1_buybacks:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_buybacks:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_buybacks:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q1_capex:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_capex:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_capex:downside/id | None | downside_2027q1_capex |
| /operating_model/cells/downside_2027q1_capex:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_capex:downside/label | None | Cash PP&E and software |
| /operating_model/cells/downside_2027q1_capex:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_capex:downside/value | None | 10.0 |
| /operating_model/cells/downside_2027q1_cash_after_claims:downside/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/downside_2027q1_cash_after_claims:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_cash_after_claims:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_cash_after_claims:downside/formula/refs/0 | None | downside_2027q1_available_cash |
| /operating_model/cells/downside_2027q1_cash_after_claims:downside/formula/refs/1 | None | downside_2027q1_investment_and_claims |
| /operating_model/cells/downside_2027q1_cash_after_claims:downside/id | None | downside_2027q1_cash_after_claims |
| /operating_model/cells/downside_2027q1_cash_after_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_cash_after_claims:downside/label | None | Cash after lending and capital claims |
| /operating_model/cells/downside_2027q1_cash_after_claims:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_cash_after_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_cash_after_claims:downside/value | None | -168.29999999999998 |
| /operating_model/cells/downside_2027q1_cash_before_settlement:downside/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/downside_2027q1_cash_before_settlement:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_cash_before_settlement:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_cash_before_settlement:downside/formula/refs/0 | None | downside_2027q1_operating_noncash_bridge |
| /operating_model/cells/downside_2027q1_cash_before_settlement:downside/formula/refs/1 | None | downside_2027q1_cash_timing |
| /operating_model/cells/downside_2027q1_cash_before_settlement:downside/id | None | downside_2027q1_cash_before_settlement |
| /operating_model/cells/downside_2027q1_cash_before_settlement:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_cash_before_settlement:downside/label | None | Cash before operating loan settlement |
| /operating_model/cells/downside_2027q1_cash_before_settlement:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_cash_before_settlement:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_cash_before_settlement:downside/value | None | 18.700000000000017 |
| /operating_model/cells/downside_2027q1_cash_tax:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_cash_tax:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_cash_tax:downside/id | None | downside_2027q1_cash_tax |
| /operating_model/cells/downside_2027q1_cash_tax:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_cash_tax:downside/label | None | Cash tax |
| /operating_model/cells/downside_2027q1_cash_tax:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_cash_tax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_cash_tax:downside/value | None | 3.0 |
| /operating_model/cells/downside_2027q1_cash_timing:downside/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/downside_2027q1_cash_timing:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_cash_timing:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_cash_timing:downside/formula/refs/0 | None | downside_2027q1_cash_tax |
| /operating_model/cells/downside_2027q1_cash_timing:downside/formula/refs/1 | None | downside_2027q1_corporate_net_interest_cash |
| /operating_model/cells/downside_2027q1_cash_timing:downside/formula/refs/2 | None | downside_2027q1_working_capital_use |
| /operating_model/cells/downside_2027q1_cash_timing:downside/id | None | downside_2027q1_cash_timing |
| /operating_model/cells/downside_2027q1_cash_timing:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_cash_timing:downside/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/downside_2027q1_cash_timing:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_cash_timing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_cash_timing:downside/value | None | 23.0 |
| /operating_model/cells/downside_2027q1_cfo:downside/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/downside_2027q1_cfo:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_cfo:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_cfo:downside/formula/refs/0 | None | downside_2027q1_cash_before_settlement |
| /operating_model/cells/downside_2027q1_cfo:downside/formula/refs/1 | None | downside_2027q1_hfs_funding |
| /operating_model/cells/downside_2027q1_cfo:downside/id | None | downside_2027q1_cfo |
| /operating_model/cells/downside_2027q1_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_cfo:downside/label | None | CFO after operating loan settlement |
| /operating_model/cells/downside_2027q1_cfo:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_cfo:downside/value | None | -131.29999999999998 |
| /operating_model/cells/downside_2027q1_contribution:downside/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/downside_2027q1_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_contribution:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_contribution:downside/formula/refs/0 | None | downside_2027q1_unsecured_contribution |
| /operating_model/cells/downside_2027q1_contribution:downside/formula/refs/1 | None | downside_2027q1_secured_contribution |
| /operating_model/cells/downside_2027q1_contribution:downside/id | None | downside_2027q1_contribution |
| /operating_model/cells/downside_2027q1_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_contribution:downside/label | None | Fee contribution profit |
| /operating_model/cells/downside_2027q1_contribution:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_contribution:downside/value | None | 135.70000000000002 |
| /operating_model/cells/downside_2027q1_contribution_plus_balance:downside/basis | None | Direct fee costs already removed. |
| /operating_model/cells/downside_2027q1_contribution_plus_balance:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_contribution_plus_balance:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_contribution_plus_balance:downside/formula/refs/0 | None | downside_2027q1_contribution |
| /operating_model/cells/downside_2027q1_contribution_plus_balance:downside/formula/refs/1 | None | downside_2027q1_net_balance_revenue |
| /operating_model/cells/downside_2027q1_contribution_plus_balance:downside/id | None | downside_2027q1_contribution_plus_balance |
| /operating_model/cells/downside_2027q1_contribution_plus_balance:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_contribution_plus_balance:downside/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/downside_2027q1_contribution_plus_balance:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_contribution_plus_balance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_contribution_plus_balance:downside/value | None | 136.70000000000002 |
| /operating_model/cells/downside_2027q1_convert_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_convert_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_convert_interest:downside/id | None | downside_2027q1_convert_interest |
| /operating_model/cells/downside_2027q1_convert_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_convert_interest:downside/label | None | Convertible GAAP interest |
| /operating_model/cells/downside_2027q1_convert_interest:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_convert_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_convert_interest:downside/value | None | 4.5 |
| /operating_model/cells/downside_2027q1_corporate_net_interest_cash:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_corporate_net_interest_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_corporate_net_interest_cash:downside/id | None | downside_2027q1_corporate_net_interest_cash |
| /operating_model/cells/downside_2027q1_corporate_net_interest_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_corporate_net_interest_cash:downside/label | None | Net corporate cash interest |
| /operating_model/cells/downside_2027q1_corporate_net_interest_cash:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_corporate_net_interest_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_corporate_net_interest_cash:downside/value | None | 1.0 |
| /operating_model/cells/downside_2027q1_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_da:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_da:downside/id | None | downside_2027q1_da |
| /operating_model/cells/downside_2027q1_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_da:downside/label | None | Depreciation and amortization |
| /operating_model/cells/downside_2027q1_da:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_da:downside/value | None | 8.0 |
| /operating_model/cells/downside_2027q1_debt_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_debt_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_debt_principal:downside/id | None | downside_2027q1_debt_principal |
| /operating_model/cells/downside_2027q1_debt_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_debt_principal:downside/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/downside_2027q1_debt_principal:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_debt_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_debt_principal:downside/value | None | 7.0 |
| /operating_model/cells/downside_2027q1_ebitda_exclusions:downside/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/downside_2027q1_ebitda_exclusions:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_ebitda_exclusions:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_ebitda_exclusions:downside/formula/refs/0 | None | downside_2027q1_sbc |
| /operating_model/cells/downside_2027q1_ebitda_exclusions:downside/formula/refs/1 | None | downside_2027q1_payroll |
| /operating_model/cells/downside_2027q1_ebitda_exclusions:downside/formula/refs/2 | None | downside_2027q1_da |
| /operating_model/cells/downside_2027q1_ebitda_exclusions:downside/formula/refs/3 | None | downside_2027q1_convert_interest |
| /operating_model/cells/downside_2027q1_ebitda_exclusions:downside/formula/refs/4 | None | downside_2027q1_net_other_income |
| /operating_model/cells/downside_2027q1_ebitda_exclusions:downside/id | None | downside_2027q1_ebitda_exclusions |
| /operating_model/cells/downside_2027q1_ebitda_exclusions:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_ebitda_exclusions:downside/label | None | GAAP bridge exclusions |
| /operating_model/cells/downside_2027q1_ebitda_exclusions:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_ebitda_exclusions:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_ebitda_exclusions:downside/value | None | 65.0 |
| /operating_model/cells/downside_2027q1_fair_value_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_fair_value_loss:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_fair_value_loss:downside/id | None | downside_2027q1_fair_value_loss |
| /operating_model/cells/downside_2027q1_fair_value_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_fair_value_loss:downside/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/downside_2027q1_fair_value_loss:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_fair_value_loss:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_fair_value_loss:downside/value | None | 38.0 |
| /operating_model/cells/downside_2027q1_fee_realization:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_fee_realization:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_fee_realization:downside/id | None | downside_2027q1_fee_realization |
| /operating_model/cells/downside_2027q1_fee_realization:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_fee_realization:downside/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/downside_2027q1_fee_realization:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_fee_realization:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_fee_realization:downside/value | None | 0.9428237424954261 |
| /operating_model/cells/downside_2027q1_fees:downside/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/downside_2027q1_fees:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_fees:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_fees:downside/formula/refs/0 | None | downside_2027q1_unsecured_fee |
| /operating_model/cells/downside_2027q1_fees:downside/formula/refs/1 | None | downside_2027q1_secured_fee |
| /operating_model/cells/downside_2027q1_fees:downside/id | None | downside_2027q1_fees |
| /operating_model/cells/downside_2027q1_fees:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_fees:downside/label | None | Total fee revenue |
| /operating_model/cells/downside_2027q1_fees:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_fees:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_fees:downside/value | None | 290.0 |
| /operating_model/cells/downside_2027q1_fixed_adjusted_cost:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_fixed_adjusted_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_fixed_adjusted_cost:downside/id | None | downside_2027q1_fixed_adjusted_cost |
| /operating_model/cells/downside_2027q1_fixed_adjusted_cost:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_fixed_adjusted_cost:downside/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/downside_2027q1_fixed_adjusted_cost:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_fixed_adjusted_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_fixed_adjusted_cost:downside/value | None | 125.0 |
| /operating_model/cells/downside_2027q1_funding_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_funding_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_funding_interest:downside/id | None | downside_2027q1_funding_interest |
| /operating_model/cells/downside_2027q1_funding_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_funding_interest:downside/label | None | Balance-sheet funding interest |
| /operating_model/cells/downside_2027q1_funding_interest:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_funding_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_funding_interest:downside/value | None | 18.0 |
| /operating_model/cells/downside_2027q1_hfs_funding:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_hfs_funding:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_hfs_funding:downside/id | None | downside_2027q1_hfs_funding |
| /operating_model/cells/downside_2027q1_hfs_funding:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_hfs_funding:downside/label | None | Net operating loan-settlement funding |
| /operating_model/cells/downside_2027q1_hfs_funding:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_hfs_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_hfs_funding:downside/value | None | 150.0 |
| /operating_model/cells/downside_2027q1_investment_and_claims:downside/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/downside_2027q1_investment_and_claims:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_investment_and_claims:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_investment_and_claims:downside/formula/refs/0 | None | downside_2027q1_capex |
| /operating_model/cells/downside_2027q1_investment_and_claims:downside/formula/refs/1 | None | downside_2027q1_lending_investment |
| /operating_model/cells/downside_2027q1_investment_and_claims:downside/formula/refs/2 | None | downside_2027q1_debt_principal |
| /operating_model/cells/downside_2027q1_investment_and_claims:downside/formula/refs/3 | None | downside_2027q1_buybacks |
| /operating_model/cells/downside_2027q1_investment_and_claims:downside/id | None | downside_2027q1_investment_and_claims |
| /operating_model/cells/downside_2027q1_investment_and_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_investment_and_claims:downside/label | None | Loan investment capex and capital claims |
| /operating_model/cells/downside_2027q1_investment_and_claims:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_investment_and_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_investment_and_claims:downside/value | None | 57.0 |
| /operating_model/cells/downside_2027q1_lending_investment:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_lending_investment:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_lending_investment:downside/id | None | downside_2027q1_lending_investment |
| /operating_model/cells/downside_2027q1_lending_investment:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_lending_investment:downside/label | None | Net HFI investment |
| /operating_model/cells/downside_2027q1_lending_investment:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_lending_investment:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_lending_investment:downside/value | None | 40.0 |
| /operating_model/cells/downside_2027q1_loan_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_loan_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_loan_interest:downside/id | None | downside_2027q1_loan_interest |
| /operating_model/cells/downside_2027q1_loan_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_loan_interest:downside/label | None | Loan interest income |
| /operating_model/cells/downside_2027q1_loan_interest:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_loan_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_loan_interest:downside/value | None | 57.0 |
| /operating_model/cells/downside_2027q1_net_balance_revenue:downside/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/downside_2027q1_net_balance_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_net_balance_revenue:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_net_balance_revenue:downside/formula/refs/0 | None | downside_2027q1_loan_interest |
| /operating_model/cells/downside_2027q1_net_balance_revenue:downside/formula/refs/1 | None | downside_2027q1_balance_cost |
| /operating_model/cells/downside_2027q1_net_balance_revenue:downside/id | None | downside_2027q1_net_balance_revenue |
| /operating_model/cells/downside_2027q1_net_balance_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_net_balance_revenue:downside/label | None | Net balance-sheet revenue |
| /operating_model/cells/downside_2027q1_net_balance_revenue:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_net_balance_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_net_balance_revenue:downside/value | None | 1.0 |
| /operating_model/cells/downside_2027q1_net_other_income:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_net_other_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_net_other_income:downside/id | None | downside_2027q1_net_other_income |
| /operating_model/cells/downside_2027q1_net_other_income:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_net_other_income:downside/label | None | Net other income after convertible interest |
| /operating_model/cells/downside_2027q1_net_other_income:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_net_other_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_net_other_income:downside/value | None | 2.0 |
| /operating_model/cells/downside_2027q1_operating_income:downside/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/downside_2027q1_operating_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_operating_income:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_operating_income:downside/formula/refs/0 | None | downside_2027q1_adj_ebitda |
| /operating_model/cells/downside_2027q1_operating_income:downside/formula/refs/1 | None | downside_2027q1_ebitda_exclusions |
| /operating_model/cells/downside_2027q1_operating_income:downside/id | None | downside_2027q1_operating_income |
| /operating_model/cells/downside_2027q1_operating_income:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_operating_income:downside/label | None | GAAP operating income proxy |
| /operating_model/cells/downside_2027q1_operating_income:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_operating_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_operating_income:downside/value | None | -53.29999999999998 |
| /operating_model/cells/downside_2027q1_operating_noncash_bridge:downside/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/downside_2027q1_operating_noncash_bridge:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_operating_noncash_bridge:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_operating_noncash_bridge:downside/formula/refs/0 | None | downside_2027q1_operating_income |
| /operating_model/cells/downside_2027q1_operating_noncash_bridge:downside/formula/refs/1 | None | downside_2027q1_sbc |
| /operating_model/cells/downside_2027q1_operating_noncash_bridge:downside/formula/refs/2 | None | downside_2027q1_da |
| /operating_model/cells/downside_2027q1_operating_noncash_bridge:downside/formula/refs/3 | None | downside_2027q1_fair_value_loss |
| /operating_model/cells/downside_2027q1_operating_noncash_bridge:downside/id | None | downside_2027q1_operating_noncash_bridge |
| /operating_model/cells/downside_2027q1_operating_noncash_bridge:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_operating_noncash_bridge:downside/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/downside_2027q1_operating_noncash_bridge:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_operating_noncash_bridge:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_operating_noncash_bridge:downside/value | None | 41.70000000000002 |
| /operating_model/cells/downside_2027q1_payroll:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_payroll:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_payroll:downside/id | None | downside_2027q1_payroll |
| /operating_model/cells/downside_2027q1_payroll:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_payroll:downside/label | None | Equity payroll adjustment |
| /operating_model/cells/downside_2027q1_payroll:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_payroll:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_payroll:downside/value | None | 1.5 |
| /operating_model/cells/downside_2027q1_revenue:downside/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/downside_2027q1_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_revenue:downside/formula/refs/0 | None | downside_2027q1_fees |
| /operating_model/cells/downside_2027q1_revenue:downside/formula/refs/1 | None | downside_2027q1_net_balance_revenue |
| /operating_model/cells/downside_2027q1_revenue:downside/id | None | downside_2027q1_revenue |
| /operating_model/cells/downside_2027q1_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_revenue:downside/label | None | Total revenue |
| /operating_model/cells/downside_2027q1_revenue:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_revenue:downside/value | None | 291.0 |
| /operating_model/cells/downside_2027q1_sbc:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_sbc:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_sbc:downside/id | None | downside_2027q1_sbc |
| /operating_model/cells/downside_2027q1_sbc:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_sbc:downside/label | None | SBC expense |
| /operating_model/cells/downside_2027q1_sbc:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_sbc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_sbc:downside/value | None | 49.0 |
| /operating_model/cells/downside_2027q1_secured_cm:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_secured_cm:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_secured_cm:downside/id | None | downside_2027q1_secured_cm |
| /operating_model/cells/downside_2027q1_secured_cm:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_secured_cm:downside/label | None | Secured contribution margin |
| /operating_model/cells/downside_2027q1_secured_cm:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_secured_cm:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_secured_cm:downside/value | None | -0.3 |
| /operating_model/cells/downside_2027q1_secured_contribution:downside/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/downside_2027q1_secured_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_secured_contribution:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q1_secured_contribution:downside/formula/refs/0 | None | downside_2027q1_secured_fee |
| /operating_model/cells/downside_2027q1_secured_contribution:downside/formula/refs/1 | None | downside_2027q1_secured_cm |
| /operating_model/cells/downside_2027q1_secured_contribution:downside/id | None | downside_2027q1_secured_contribution |
| /operating_model/cells/downside_2027q1_secured_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_secured_contribution:downside/label | None | Secured contribution |
| /operating_model/cells/downside_2027q1_secured_contribution:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_secured_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_secured_contribution:downside/value | None | -8.4 |
| /operating_model/cells/downside_2027q1_secured_fee:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_secured_fee:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_secured_fee:downside/id | None | downside_2027q1_secured_fee |
| /operating_model/cells/downside_2027q1_secured_fee:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_secured_fee:downside/label | None | Secured fee revenue |
| /operating_model/cells/downside_2027q1_secured_fee:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_secured_fee:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_secured_fee:downside/value | None | 28.0 |
| /operating_model/cells/downside_2027q1_unsecured_cm:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_unsecured_cm:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_unsecured_cm:downside/id | None | downside_2027q1_unsecured_cm |
| /operating_model/cells/downside_2027q1_unsecured_cm:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_unsecured_cm:downside/label | None | Unsecured contribution margin |
| /operating_model/cells/downside_2027q1_unsecured_cm:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_unsecured_cm:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_unsecured_cm:downside/value | None | 0.55 |
| /operating_model/cells/downside_2027q1_unsecured_contribution:downside/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/downside_2027q1_unsecured_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_unsecured_contribution:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q1_unsecured_contribution:downside/formula/refs/0 | None | downside_2027q1_unsecured_fee |
| /operating_model/cells/downside_2027q1_unsecured_contribution:downside/formula/refs/1 | None | downside_2027q1_unsecured_cm |
| /operating_model/cells/downside_2027q1_unsecured_contribution:downside/id | None | downside_2027q1_unsecured_contribution |
| /operating_model/cells/downside_2027q1_unsecured_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_unsecured_contribution:downside/label | None | Unsecured contribution |
| /operating_model/cells/downside_2027q1_unsecured_contribution:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_unsecured_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_unsecured_contribution:downside/value | None | 144.10000000000002 |
| /operating_model/cells/downside_2027q1_unsecured_fee:downside/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/downside_2027q1_unsecured_fee:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_unsecured_fee:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q1_unsecured_fee:downside/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/downside_2027q1_unsecured_fee:downside/formula/refs/1 | None | downside_2027q1_activity |
| /operating_model/cells/downside_2027q1_unsecured_fee:downside/formula/refs/2 | None | downside_2027q1_fee_realization |
| /operating_model/cells/downside_2027q1_unsecured_fee:downside/id | None | downside_2027q1_unsecured_fee |
| /operating_model/cells/downside_2027q1_unsecured_fee:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_unsecured_fee:downside/label | None | Unsecured fee revenue |
| /operating_model/cells/downside_2027q1_unsecured_fee:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_unsecured_fee:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_unsecured_fee:downside/value | None | 262.0 |
| /operating_model/cells/downside_2027q1_volume:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_volume:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_volume:downside/id | None | downside_2027q1_volume |
| /operating_model/cells/downside_2027q1_volume:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_volume:downside/label | None | Facilitated principal |
| /operating_model/cells/downside_2027q1_volume:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_volume:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_volume:downside/value | None | 3600.0 |
| /operating_model/cells/downside_2027q1_working_capital_use:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_working_capital_use:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_working_capital_use:downside/id | None | downside_2027q1_working_capital_use |
| /operating_model/cells/downside_2027q1_working_capital_use:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_working_capital_use:downside/label | None | Other working-capital and settlement use |
| /operating_model/cells/downside_2027q1_working_capital_use:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_working_capital_use:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_working_capital_use:downside/value | None | 19.0 |
| /operating_model/cells/downside_2027q2_activity:downside/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/downside_2027q2_activity:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_activity:downside/formula/op | None | divide |
| /operating_model/cells/downside_2027q2_activity:downside/formula/refs/0 | None | downside_2027q2_volume |
| /operating_model/cells/downside_2027q2_activity:downside/formula/refs/1 | None | q2_volume |
| /operating_model/cells/downside_2027q2_activity:downside/id | None | downside_2027q2_activity |
| /operating_model/cells/downside_2027q2_activity:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_activity:downside/label | None | Activity versus Q2 |
| /operating_model/cells/downside_2027q2_activity:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_activity:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_activity:downside/value | None | 0.9226021923866867 |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/formula/refs/0 | None | downside_2027q2_contribution_plus_balance |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/formula/refs/1 | None | downside_2027q2_fixed_adjusted_cost |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/id | None | downside_2027q2_adj_ebitda |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/value | None | 20.849999999999994 |
| /operating_model/cells/downside_2027q2_asset_cash:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_asset_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_asset_cash:downside/id | None | downside_2027q2_asset_cash |
| /operating_model/cells/downside_2027q2_asset_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_asset_cash:downside/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/downside_2027q2_asset_cash:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_asset_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_asset_cash:downside/value | None | 20.0 |
| /operating_model/cells/downside_2027q2_available_cash:downside/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/downside_2027q2_available_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_available_cash:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_available_cash:downside/formula/refs/0 | None | downside_2027q2_cfo |
| /operating_model/cells/downside_2027q2_available_cash:downside/formula/refs/1 | None | downside_2027q2_asset_cash |
| /operating_model/cells/downside_2027q2_available_cash:downside/id | None | downside_2027q2_available_cash |
| /operating_model/cells/downside_2027q2_available_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_available_cash:downside/label | None | CFO plus asset receipts |
| /operating_model/cells/downside_2027q2_available_cash:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_available_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_available_cash:downside/value | None | -117.15 |
| /operating_model/cells/downside_2027q2_balance_cost:downside/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/downside_2027q2_balance_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_balance_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_balance_cost:downside/formula/refs/0 | None | downside_2027q2_funding_interest |
| /operating_model/cells/downside_2027q2_balance_cost:downside/formula/refs/1 | None | downside_2027q2_fair_value_loss |
| /operating_model/cells/downside_2027q2_balance_cost:downside/id | None | downside_2027q2_balance_cost |
| /operating_model/cells/downside_2027q2_balance_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_balance_cost:downside/label | None | Funding and fair-value costs |
| /operating_model/cells/downside_2027q2_balance_cost:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_balance_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_balance_cost:downside/value | None | 54.0 |
| /operating_model/cells/downside_2027q2_buybacks:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_buybacks:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_buybacks:downside/id | None | downside_2027q2_buybacks |
| /operating_model/cells/downside_2027q2_buybacks:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_buybacks:downside/label | None | Optional repurchases |
| /operating_model/cells/downside_2027q2_buybacks:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_buybacks:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_buybacks:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q2_capex:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_capex:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_capex:downside/id | None | downside_2027q2_capex |
| /operating_model/cells/downside_2027q2_capex:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_capex:downside/label | None | Cash PP&E and software |
| /operating_model/cells/downside_2027q2_capex:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_capex:downside/value | None | 11.0 |
| /operating_model/cells/downside_2027q2_cash_after_claims:downside/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/downside_2027q2_cash_after_claims:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_cash_after_claims:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_cash_after_claims:downside/formula/refs/0 | None | downside_2027q2_available_cash |
| /operating_model/cells/downside_2027q2_cash_after_claims:downside/formula/refs/1 | None | downside_2027q2_investment_and_claims |
| /operating_model/cells/downside_2027q2_cash_after_claims:downside/id | None | downside_2027q2_cash_after_claims |
| /operating_model/cells/downside_2027q2_cash_after_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_cash_after_claims:downside/label | None | Cash after lending and capital claims |
| /operating_model/cells/downside_2027q2_cash_after_claims:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_cash_after_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_cash_after_claims:downside/value | None | -180.15 |
| /operating_model/cells/downside_2027q2_cash_before_settlement:downside/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/downside_2027q2_cash_before_settlement:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_cash_before_settlement:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_cash_before_settlement:downside/formula/refs/0 | None | downside_2027q2_operating_noncash_bridge |
| /operating_model/cells/downside_2027q2_cash_before_settlement:downside/formula/refs/1 | None | downside_2027q2_cash_timing |
| /operating_model/cells/downside_2027q2_cash_before_settlement:downside/id | None | downside_2027q2_cash_before_settlement |
| /operating_model/cells/downside_2027q2_cash_before_settlement:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_cash_before_settlement:downside/label | None | Cash before operating loan settlement |
| /operating_model/cells/downside_2027q2_cash_before_settlement:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_cash_before_settlement:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_cash_before_settlement:downside/value | None | 22.849999999999994 |
| /operating_model/cells/downside_2027q2_cash_tax:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_cash_tax:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_cash_tax:downside/id | None | downside_2027q2_cash_tax |
| /operating_model/cells/downside_2027q2_cash_tax:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_cash_tax:downside/label | None | Cash tax |
| /operating_model/cells/downside_2027q2_cash_tax:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_cash_tax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_cash_tax:downside/value | None | 3.0 |
| /operating_model/cells/downside_2027q2_cash_timing:downside/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/downside_2027q2_cash_timing:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_cash_timing:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_cash_timing:downside/formula/refs/0 | None | downside_2027q2_cash_tax |
| /operating_model/cells/downside_2027q2_cash_timing:downside/formula/refs/1 | None | downside_2027q2_corporate_net_interest_cash |
| /operating_model/cells/downside_2027q2_cash_timing:downside/formula/refs/2 | None | downside_2027q2_working_capital_use |
| /operating_model/cells/downside_2027q2_cash_timing:downside/id | None | downside_2027q2_cash_timing |
| /operating_model/cells/downside_2027q2_cash_timing:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_cash_timing:downside/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/downside_2027q2_cash_timing:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_cash_timing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_cash_timing:downside/value | None | 25.0 |
| /operating_model/cells/downside_2027q2_cfo:downside/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/downside_2027q2_cfo:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_cfo:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_cfo:downside/formula/refs/0 | None | downside_2027q2_cash_before_settlement |
| /operating_model/cells/downside_2027q2_cfo:downside/formula/refs/1 | None | downside_2027q2_hfs_funding |
| /operating_model/cells/downside_2027q2_cfo:downside/id | None | downside_2027q2_cfo |
| /operating_model/cells/downside_2027q2_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_cfo:downside/label | None | CFO after operating loan settlement |
| /operating_model/cells/downside_2027q2_cfo:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_cfo:downside/value | None | -137.15 |
| /operating_model/cells/downside_2027q2_contribution:downside/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/downside_2027q2_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_contribution:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_contribution:downside/formula/refs/0 | None | downside_2027q2_unsecured_contribution |
| /operating_model/cells/downside_2027q2_contribution:downside/formula/refs/1 | None | downside_2027q2_secured_contribution |
| /operating_model/cells/downside_2027q2_contribution:downside/id | None | downside_2027q2_contribution |
| /operating_model/cells/downside_2027q2_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_contribution:downside/label | None | Fee contribution profit |
| /operating_model/cells/downside_2027q2_contribution:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_contribution:downside/value | None | 146.85 |
| /operating_model/cells/downside_2027q2_contribution_plus_balance:downside/basis | None | Direct fee costs already removed. |
| /operating_model/cells/downside_2027q2_contribution_plus_balance:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_contribution_plus_balance:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_contribution_plus_balance:downside/formula/refs/0 | None | downside_2027q2_contribution |
| /operating_model/cells/downside_2027q2_contribution_plus_balance:downside/formula/refs/1 | None | downside_2027q2_net_balance_revenue |
| /operating_model/cells/downside_2027q2_contribution_plus_balance:downside/id | None | downside_2027q2_contribution_plus_balance |
| /operating_model/cells/downside_2027q2_contribution_plus_balance:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_contribution_plus_balance:downside/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/downside_2027q2_contribution_plus_balance:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_contribution_plus_balance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_contribution_plus_balance:downside/value | None | 150.85 |
| /operating_model/cells/downside_2027q2_convert_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_convert_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_convert_interest:downside/id | None | downside_2027q2_convert_interest |
| /operating_model/cells/downside_2027q2_convert_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_convert_interest:downside/label | None | Convertible GAAP interest |
| /operating_model/cells/downside_2027q2_convert_interest:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_convert_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_convert_interest:downside/value | None | 4.5 |
| /operating_model/cells/downside_2027q2_corporate_net_interest_cash:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_corporate_net_interest_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_corporate_net_interest_cash:downside/id | None | downside_2027q2_corporate_net_interest_cash |
| /operating_model/cells/downside_2027q2_corporate_net_interest_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_corporate_net_interest_cash:downside/label | None | Net corporate cash interest |
| /operating_model/cells/downside_2027q2_corporate_net_interest_cash:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_corporate_net_interest_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_corporate_net_interest_cash:downside/value | None | 1.0 |
| /operating_model/cells/downside_2027q2_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_da:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_da:downside/id | None | downside_2027q2_da |
| /operating_model/cells/downside_2027q2_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_da:downside/label | None | Depreciation and amortization |
| /operating_model/cells/downside_2027q2_da:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_da:downside/value | None | 8.5 |
| /operating_model/cells/downside_2027q2_debt_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_debt_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_debt_principal:downside/id | None | downside_2027q2_debt_principal |
| /operating_model/cells/downside_2027q2_debt_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_debt_principal:downside/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/downside_2027q2_debt_principal:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_debt_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_debt_principal:downside/value | None | 7.0 |
| /operating_model/cells/downside_2027q2_ebitda_exclusions:downside/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/downside_2027q2_ebitda_exclusions:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_ebitda_exclusions:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_ebitda_exclusions:downside/formula/refs/0 | None | downside_2027q2_sbc |
| /operating_model/cells/downside_2027q2_ebitda_exclusions:downside/formula/refs/1 | None | downside_2027q2_payroll |
| /operating_model/cells/downside_2027q2_ebitda_exclusions:downside/formula/refs/2 | None | downside_2027q2_da |
| /operating_model/cells/downside_2027q2_ebitda_exclusions:downside/formula/refs/3 | None | downside_2027q2_convert_interest |
| /operating_model/cells/downside_2027q2_ebitda_exclusions:downside/formula/refs/4 | None | downside_2027q2_net_other_income |
| /operating_model/cells/downside_2027q2_ebitda_exclusions:downside/id | None | downside_2027q2_ebitda_exclusions |
| /operating_model/cells/downside_2027q2_ebitda_exclusions:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_ebitda_exclusions:downside/label | None | GAAP bridge exclusions |
| /operating_model/cells/downside_2027q2_ebitda_exclusions:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_ebitda_exclusions:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_ebitda_exclusions:downside/value | None | 68.5 |
| /operating_model/cells/downside_2027q2_fair_value_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_fair_value_loss:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_fair_value_loss:downside/id | None | downside_2027q2_fair_value_loss |
| /operating_model/cells/downside_2027q2_fair_value_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_fair_value_loss:downside/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/downside_2027q2_fair_value_loss:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_fair_value_loss:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_fair_value_loss:downside/value | None | 35.0 |
| /operating_model/cells/downside_2027q2_fee_realization:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_fee_realization:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_fee_realization:downside/id | None | downside_2027q2_fee_realization |
| /operating_model/cells/downside_2027q2_fee_realization:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_fee_realization:downside/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/downside_2027q2_fee_realization:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_fee_realization:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_fee_realization:downside/value | None | 0.9400556164164613 |
| /operating_model/cells/downside_2027q2_fees:downside/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/downside_2027q2_fees:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_fees:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_fees:downside/formula/refs/0 | None | downside_2027q2_unsecured_fee |
| /operating_model/cells/downside_2027q2_fees:downside/formula/refs/1 | None | downside_2027q2_secured_fee |
| /operating_model/cells/downside_2027q2_fees:downside/id | None | downside_2027q2_fees |
| /operating_model/cells/downside_2027q2_fees:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_fees:downside/label | None | Total fee revenue |
| /operating_model/cells/downside_2027q2_fees:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_fees:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_fees:downside/value | None | 315.0 |
| /operating_model/cells/downside_2027q2_fixed_adjusted_cost:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_fixed_adjusted_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_fixed_adjusted_cost:downside/id | None | downside_2027q2_fixed_adjusted_cost |
| /operating_model/cells/downside_2027q2_fixed_adjusted_cost:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_fixed_adjusted_cost:downside/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/downside_2027q2_fixed_adjusted_cost:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_fixed_adjusted_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_fixed_adjusted_cost:downside/value | None | 130.0 |
| /operating_model/cells/downside_2027q2_funding_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_funding_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_funding_interest:downside/id | None | downside_2027q2_funding_interest |
| /operating_model/cells/downside_2027q2_funding_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_funding_interest:downside/label | None | Balance-sheet funding interest |
| /operating_model/cells/downside_2027q2_funding_interest:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_funding_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_funding_interest:downside/value | None | 19.0 |
| /operating_model/cells/downside_2027q2_hfs_funding:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_hfs_funding:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_hfs_funding:downside/id | None | downside_2027q2_hfs_funding |
| /operating_model/cells/downside_2027q2_hfs_funding:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_hfs_funding:downside/label | None | Net operating loan-settlement funding |
| /operating_model/cells/downside_2027q2_hfs_funding:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_hfs_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_hfs_funding:downside/value | None | 160.0 |
| /operating_model/cells/downside_2027q2_investment_and_claims:downside/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/downside_2027q2_investment_and_claims:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_investment_and_claims:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_investment_and_claims:downside/formula/refs/0 | None | downside_2027q2_capex |
| /operating_model/cells/downside_2027q2_investment_and_claims:downside/formula/refs/1 | None | downside_2027q2_lending_investment |
| /operating_model/cells/downside_2027q2_investment_and_claims:downside/formula/refs/2 | None | downside_2027q2_debt_principal |
| /operating_model/cells/downside_2027q2_investment_and_claims:downside/formula/refs/3 | None | downside_2027q2_buybacks |
| /operating_model/cells/downside_2027q2_investment_and_claims:downside/id | None | downside_2027q2_investment_and_claims |
| /operating_model/cells/downside_2027q2_investment_and_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_investment_and_claims:downside/label | None | Loan investment capex and capital claims |
| /operating_model/cells/downside_2027q2_investment_and_claims:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_investment_and_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_investment_and_claims:downside/value | None | 63.0 |
| /operating_model/cells/downside_2027q2_lending_investment:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_lending_investment:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_lending_investment:downside/id | None | downside_2027q2_lending_investment |
| /operating_model/cells/downside_2027q2_lending_investment:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_lending_investment:downside/label | None | Net HFI investment |
| /operating_model/cells/downside_2027q2_lending_investment:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_lending_investment:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_lending_investment:downside/value | None | 45.0 |
| /operating_model/cells/downside_2027q2_loan_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_loan_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_loan_interest:downside/id | None | downside_2027q2_loan_interest |
| /operating_model/cells/downside_2027q2_loan_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_loan_interest:downside/label | None | Loan interest income |
| /operating_model/cells/downside_2027q2_loan_interest:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_loan_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_loan_interest:downside/value | None | 58.0 |
| /operating_model/cells/downside_2027q2_net_balance_revenue:downside/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/downside_2027q2_net_balance_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_net_balance_revenue:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_net_balance_revenue:downside/formula/refs/0 | None | downside_2027q2_loan_interest |
| /operating_model/cells/downside_2027q2_net_balance_revenue:downside/formula/refs/1 | None | downside_2027q2_balance_cost |
| /operating_model/cells/downside_2027q2_net_balance_revenue:downside/id | None | downside_2027q2_net_balance_revenue |
| /operating_model/cells/downside_2027q2_net_balance_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_net_balance_revenue:downside/label | None | Net balance-sheet revenue |
| /operating_model/cells/downside_2027q2_net_balance_revenue:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_net_balance_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_net_balance_revenue:downside/value | None | 4.0 |
| /operating_model/cells/downside_2027q2_net_other_income:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_net_other_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_net_other_income:downside/id | None | downside_2027q2_net_other_income |
| /operating_model/cells/downside_2027q2_net_other_income:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_net_other_income:downside/label | None | Net other income after convertible interest |
| /operating_model/cells/downside_2027q2_net_other_income:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_net_other_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_net_other_income:downside/value | None | 2.0 |
| /operating_model/cells/downside_2027q2_operating_income:downside/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/downside_2027q2_operating_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_operating_income:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_operating_income:downside/formula/refs/0 | None | downside_2027q2_adj_ebitda |
| /operating_model/cells/downside_2027q2_operating_income:downside/formula/refs/1 | None | downside_2027q2_ebitda_exclusions |
| /operating_model/cells/downside_2027q2_operating_income:downside/id | None | downside_2027q2_operating_income |
| /operating_model/cells/downside_2027q2_operating_income:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_operating_income:downside/label | None | GAAP operating income proxy |
| /operating_model/cells/downside_2027q2_operating_income:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_operating_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_operating_income:downside/value | None | -47.650000000000006 |
| /operating_model/cells/downside_2027q2_operating_noncash_bridge:downside/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/downside_2027q2_operating_noncash_bridge:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_operating_noncash_bridge:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_operating_noncash_bridge:downside/formula/refs/0 | None | downside_2027q2_operating_income |
| /operating_model/cells/downside_2027q2_operating_noncash_bridge:downside/formula/refs/1 | None | downside_2027q2_sbc |
| /operating_model/cells/downside_2027q2_operating_noncash_bridge:downside/formula/refs/2 | None | downside_2027q2_da |
| /operating_model/cells/downside_2027q2_operating_noncash_bridge:downside/formula/refs/3 | None | downside_2027q2_fair_value_loss |
| /operating_model/cells/downside_2027q2_operating_noncash_bridge:downside/id | None | downside_2027q2_operating_noncash_bridge |
| /operating_model/cells/downside_2027q2_operating_noncash_bridge:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_operating_noncash_bridge:downside/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/downside_2027q2_operating_noncash_bridge:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_operating_noncash_bridge:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_operating_noncash_bridge:downside/value | None | 47.849999999999994 |
| /operating_model/cells/downside_2027q2_payroll:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_payroll:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_payroll:downside/id | None | downside_2027q2_payroll |
| /operating_model/cells/downside_2027q2_payroll:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_payroll:downside/label | None | Equity payroll adjustment |
| /operating_model/cells/downside_2027q2_payroll:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_payroll:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_payroll:downside/value | None | 1.5 |
| /operating_model/cells/downside_2027q2_revenue:downside/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/downside_2027q2_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_revenue:downside/formula/refs/0 | None | downside_2027q2_fees |
| /operating_model/cells/downside_2027q2_revenue:downside/formula/refs/1 | None | downside_2027q2_net_balance_revenue |
| /operating_model/cells/downside_2027q2_revenue:downside/id | None | downside_2027q2_revenue |
| /operating_model/cells/downside_2027q2_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_revenue:downside/label | None | Total revenue |
| /operating_model/cells/downside_2027q2_revenue:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_revenue:downside/value | None | 319.0 |
| /operating_model/cells/downside_2027q2_sbc:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_sbc:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_sbc:downside/id | None | downside_2027q2_sbc |
| /operating_model/cells/downside_2027q2_sbc:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_sbc:downside/label | None | SBC expense |
| /operating_model/cells/downside_2027q2_sbc:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_sbc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_sbc:downside/value | None | 52.0 |
| /operating_model/cells/downside_2027q2_secured_cm:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_secured_cm:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_secured_cm:downside/id | None | downside_2027q2_secured_cm |
| /operating_model/cells/downside_2027q2_secured_cm:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_secured_cm:downside/label | None | Secured contribution margin |
| /operating_model/cells/downside_2027q2_secured_cm:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_secured_cm:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_secured_cm:downside/value | None | -0.27499999999999997 |
| /operating_model/cells/downside_2027q2_secured_contribution:downside/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/downside_2027q2_secured_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_secured_contribution:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q2_secured_contribution:downside/formula/refs/0 | None | downside_2027q2_secured_fee |
| /operating_model/cells/downside_2027q2_secured_contribution:downside/formula/refs/1 | None | downside_2027q2_secured_cm |
| /operating_model/cells/downside_2027q2_secured_contribution:downside/id | None | downside_2027q2_secured_contribution |
| /operating_model/cells/downside_2027q2_secured_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_secured_contribution:downside/label | None | Secured contribution |
| /operating_model/cells/downside_2027q2_secured_contribution:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_secured_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_secured_contribution:downside/value | None | -8.799999999999999 |
| /operating_model/cells/downside_2027q2_secured_fee:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_secured_fee:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_secured_fee:downside/id | None | downside_2027q2_secured_fee |
| /operating_model/cells/downside_2027q2_secured_fee:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_secured_fee:downside/label | None | Secured fee revenue |
| /operating_model/cells/downside_2027q2_secured_fee:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_secured_fee:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_secured_fee:downside/value | None | 32.0 |
| /operating_model/cells/downside_2027q2_unsecured_cm:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_unsecured_cm:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_unsecured_cm:downside/id | None | downside_2027q2_unsecured_cm |
| /operating_model/cells/downside_2027q2_unsecured_cm:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_unsecured_cm:downside/label | None | Unsecured contribution margin |
| /operating_model/cells/downside_2027q2_unsecured_cm:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_unsecured_cm:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_unsecured_cm:downside/value | None | 0.55 |
| /operating_model/cells/downside_2027q2_unsecured_contribution:downside/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/downside_2027q2_unsecured_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_unsecured_contribution:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q2_unsecured_contribution:downside/formula/refs/0 | None | downside_2027q2_unsecured_fee |
| /operating_model/cells/downside_2027q2_unsecured_contribution:downside/formula/refs/1 | None | downside_2027q2_unsecured_cm |
| /operating_model/cells/downside_2027q2_unsecured_contribution:downside/id | None | downside_2027q2_unsecured_contribution |
| /operating_model/cells/downside_2027q2_unsecured_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_unsecured_contribution:downside/label | None | Unsecured contribution |
| /operating_model/cells/downside_2027q2_unsecured_contribution:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_unsecured_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_unsecured_contribution:downside/value | None | 155.65 |
| /operating_model/cells/downside_2027q2_unsecured_fee:downside/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/downside_2027q2_unsecured_fee:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_unsecured_fee:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q2_unsecured_fee:downside/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/downside_2027q2_unsecured_fee:downside/formula/refs/1 | None | downside_2027q2_activity |
| /operating_model/cells/downside_2027q2_unsecured_fee:downside/formula/refs/2 | None | downside_2027q2_fee_realization |
| /operating_model/cells/downside_2027q2_unsecured_fee:downside/id | None | downside_2027q2_unsecured_fee |
| /operating_model/cells/downside_2027q2_unsecured_fee:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_unsecured_fee:downside/label | None | Unsecured fee revenue |
| /operating_model/cells/downside_2027q2_unsecured_fee:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_unsecured_fee:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_unsecured_fee:downside/value | None | 283.0 |
| /operating_model/cells/downside_2027q2_volume:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_volume:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_volume:downside/id | None | downside_2027q2_volume |
| /operating_model/cells/downside_2027q2_volume:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_volume:downside/label | None | Facilitated principal |
| /operating_model/cells/downside_2027q2_volume:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_volume:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_volume:downside/value | None | 3900.0 |
| /operating_model/cells/downside_2027q2_working_capital_use:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_working_capital_use:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_working_capital_use:downside/id | None | downside_2027q2_working_capital_use |
| /operating_model/cells/downside_2027q2_working_capital_use:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_working_capital_use:downside/label | None | Other working-capital and settlement use |
| /operating_model/cells/downside_2027q2_working_capital_use:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_working_capital_use:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_working_capital_use:downside/value | None | 21.0 |
| /operating_model/cells/downside_2027q3_activity:downside/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/downside_2027q3_activity:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_activity:downside/formula/op | None | divide |
| /operating_model/cells/downside_2027q3_activity:downside/formula/refs/0 | None | downside_2027q3_volume |
| /operating_model/cells/downside_2027q3_activity:downside/formula/refs/1 | None | q2_volume |
| /operating_model/cells/downside_2027q3_activity:downside/id | None | downside_2027q3_activity |
| /operating_model/cells/downside_2027q3_activity:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_activity:downside/label | None | Activity versus Q2 |
| /operating_model/cells/downside_2027q3_activity:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_activity:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_activity:downside/value | None | 0.9935715918010473 |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/formula/refs/0 | None | downside_2027q3_contribution_plus_balance |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/formula/refs/1 | None | downside_2027q3_fixed_adjusted_cost |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/id | None | downside_2027q3_adj_ebitda |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/value | None | 27.200000000000045 |
| /operating_model/cells/downside_2027q3_asset_cash:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_asset_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_asset_cash:downside/id | None | downside_2027q3_asset_cash |
| /operating_model/cells/downside_2027q3_asset_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_asset_cash:downside/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/downside_2027q3_asset_cash:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_asset_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_asset_cash:downside/value | None | 20.0 |
| /operating_model/cells/downside_2027q3_available_cash:downside/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/downside_2027q3_available_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_available_cash:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_available_cash:downside/formula/refs/0 | None | downside_2027q3_cfo |
| /operating_model/cells/downside_2027q3_available_cash:downside/formula/refs/1 | None | downside_2027q3_asset_cash |
| /operating_model/cells/downside_2027q3_available_cash:downside/id | None | downside_2027q3_available_cash |
| /operating_model/cells/downside_2027q3_available_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_available_cash:downside/label | None | CFO plus asset receipts |
| /operating_model/cells/downside_2027q3_available_cash:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_available_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_available_cash:downside/value | None | -125.79999999999995 |
| /operating_model/cells/downside_2027q3_balance_cost:downside/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/downside_2027q3_balance_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_balance_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_balance_cost:downside/formula/refs/0 | None | downside_2027q3_funding_interest |
| /operating_model/cells/downside_2027q3_balance_cost:downside/formula/refs/1 | None | downside_2027q3_fair_value_loss |
| /operating_model/cells/downside_2027q3_balance_cost:downside/id | None | downside_2027q3_balance_cost |
| /operating_model/cells/downside_2027q3_balance_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_balance_cost:downside/label | None | Funding and fair-value costs |
| /operating_model/cells/downside_2027q3_balance_cost:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_balance_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_balance_cost:downside/value | None | 52.0 |
| /operating_model/cells/downside_2027q3_buybacks:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_buybacks:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_buybacks:downside/id | None | downside_2027q3_buybacks |
| /operating_model/cells/downside_2027q3_buybacks:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_buybacks:downside/label | None | Optional repurchases |
| /operating_model/cells/downside_2027q3_buybacks:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_buybacks:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_buybacks:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q3_capex:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_capex:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_capex:downside/id | None | downside_2027q3_capex |
| /operating_model/cells/downside_2027q3_capex:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_capex:downside/label | None | Cash PP&E and software |
| /operating_model/cells/downside_2027q3_capex:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_capex:downside/value | None | 12.0 |
| /operating_model/cells/downside_2027q3_cash_after_claims:downside/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/downside_2027q3_cash_after_claims:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_cash_after_claims:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_cash_after_claims:downside/formula/refs/0 | None | downside_2027q3_available_cash |
| /operating_model/cells/downside_2027q3_cash_after_claims:downside/formula/refs/1 | None | downside_2027q3_investment_and_claims |
| /operating_model/cells/downside_2027q3_cash_after_claims:downside/id | None | downside_2027q3_cash_after_claims |
| /operating_model/cells/downside_2027q3_cash_after_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_cash_after_claims:downside/label | None | Cash after lending and capital claims |
| /operating_model/cells/downside_2027q3_cash_after_claims:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_cash_after_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_cash_after_claims:downside/value | None | -189.79999999999995 |
| /operating_model/cells/downside_2027q3_cash_before_settlement:downside/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/downside_2027q3_cash_before_settlement:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_cash_before_settlement:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_cash_before_settlement:downside/formula/refs/0 | None | downside_2027q3_operating_noncash_bridge |
| /operating_model/cells/downside_2027q3_cash_before_settlement:downside/formula/refs/1 | None | downside_2027q3_cash_timing |
| /operating_model/cells/downside_2027q3_cash_before_settlement:downside/id | None | downside_2027q3_cash_before_settlement |
| /operating_model/cells/downside_2027q3_cash_before_settlement:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_cash_before_settlement:downside/label | None | Cash before operating loan settlement |
| /operating_model/cells/downside_2027q3_cash_before_settlement:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_cash_before_settlement:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_cash_before_settlement:downside/value | None | 24.200000000000045 |
| /operating_model/cells/downside_2027q3_cash_tax:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_cash_tax:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_cash_tax:downside/id | None | downside_2027q3_cash_tax |
| /operating_model/cells/downside_2027q3_cash_tax:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_cash_tax:downside/label | None | Cash tax |
| /operating_model/cells/downside_2027q3_cash_tax:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_cash_tax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_cash_tax:downside/value | None | 3.0 |
| /operating_model/cells/downside_2027q3_cash_timing:downside/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/downside_2027q3_cash_timing:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_cash_timing:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_cash_timing:downside/formula/refs/0 | None | downside_2027q3_cash_tax |
| /operating_model/cells/downside_2027q3_cash_timing:downside/formula/refs/1 | None | downside_2027q3_corporate_net_interest_cash |
| /operating_model/cells/downside_2027q3_cash_timing:downside/formula/refs/2 | None | downside_2027q3_working_capital_use |
| /operating_model/cells/downside_2027q3_cash_timing:downside/id | None | downside_2027q3_cash_timing |
| /operating_model/cells/downside_2027q3_cash_timing:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_cash_timing:downside/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/downside_2027q3_cash_timing:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_cash_timing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_cash_timing:downside/value | None | 27.0 |
| /operating_model/cells/downside_2027q3_cfo:downside/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/downside_2027q3_cfo:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_cfo:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_cfo:downside/formula/refs/0 | None | downside_2027q3_cash_before_settlement |
| /operating_model/cells/downside_2027q3_cfo:downside/formula/refs/1 | None | downside_2027q3_hfs_funding |
| /operating_model/cells/downside_2027q3_cfo:downside/id | None | downside_2027q3_cfo |
| /operating_model/cells/downside_2027q3_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_cfo:downside/label | None | CFO after operating loan settlement |
| /operating_model/cells/downside_2027q3_cfo:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_cfo:downside/value | None | -145.79999999999995 |
| /operating_model/cells/downside_2027q3_contribution:downside/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/downside_2027q3_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_contribution:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_contribution:downside/formula/refs/0 | None | downside_2027q3_unsecured_contribution |
| /operating_model/cells/downside_2027q3_contribution:downside/formula/refs/1 | None | downside_2027q3_secured_contribution |
| /operating_model/cells/downside_2027q3_contribution:downside/id | None | downside_2027q3_contribution |
| /operating_model/cells/downside_2027q3_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_contribution:downside/label | None | Fee contribution profit |
| /operating_model/cells/downside_2027q3_contribution:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_contribution:downside/value | None | 158.20000000000005 |
| /operating_model/cells/downside_2027q3_contribution_plus_balance:downside/basis | None | Direct fee costs already removed. |
| /operating_model/cells/downside_2027q3_contribution_plus_balance:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_contribution_plus_balance:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_contribution_plus_balance:downside/formula/refs/0 | None | downside_2027q3_contribution |
| /operating_model/cells/downside_2027q3_contribution_plus_balance:downside/formula/refs/1 | None | downside_2027q3_net_balance_revenue |
| /operating_model/cells/downside_2027q3_contribution_plus_balance:downside/id | None | downside_2027q3_contribution_plus_balance |
| /operating_model/cells/downside_2027q3_contribution_plus_balance:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_contribution_plus_balance:downside/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/downside_2027q3_contribution_plus_balance:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_contribution_plus_balance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_contribution_plus_balance:downside/value | None | 165.20000000000005 |
| /operating_model/cells/downside_2027q3_convert_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_convert_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_convert_interest:downside/id | None | downside_2027q3_convert_interest |
| /operating_model/cells/downside_2027q3_convert_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_convert_interest:downside/label | None | Convertible GAAP interest |
| /operating_model/cells/downside_2027q3_convert_interest:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_convert_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_convert_interest:downside/value | None | 4.5 |
| /operating_model/cells/downside_2027q3_corporate_net_interest_cash:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_corporate_net_interest_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_corporate_net_interest_cash:downside/id | None | downside_2027q3_corporate_net_interest_cash |
| /operating_model/cells/downside_2027q3_corporate_net_interest_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_corporate_net_interest_cash:downside/label | None | Net corporate cash interest |
| /operating_model/cells/downside_2027q3_corporate_net_interest_cash:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_corporate_net_interest_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_corporate_net_interest_cash:downside/value | None | 1.0 |
| /operating_model/cells/downside_2027q3_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_da:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_da:downside/id | None | downside_2027q3_da |
| /operating_model/cells/downside_2027q3_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_da:downside/label | None | Depreciation and amortization |
| /operating_model/cells/downside_2027q3_da:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_da:downside/value | None | 9.0 |
| /operating_model/cells/downside_2027q3_debt_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_debt_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_debt_principal:downside/id | None | downside_2027q3_debt_principal |
| /operating_model/cells/downside_2027q3_debt_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_debt_principal:downside/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/downside_2027q3_debt_principal:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_debt_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_debt_principal:downside/value | None | 7.0 |
| /operating_model/cells/downside_2027q3_ebitda_exclusions:downside/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/downside_2027q3_ebitda_exclusions:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_ebitda_exclusions:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_ebitda_exclusions:downside/formula/refs/0 | None | downside_2027q3_sbc |
| /operating_model/cells/downside_2027q3_ebitda_exclusions:downside/formula/refs/1 | None | downside_2027q3_payroll |
| /operating_model/cells/downside_2027q3_ebitda_exclusions:downside/formula/refs/2 | None | downside_2027q3_da |
| /operating_model/cells/downside_2027q3_ebitda_exclusions:downside/formula/refs/3 | None | downside_2027q3_convert_interest |
| /operating_model/cells/downside_2027q3_ebitda_exclusions:downside/formula/refs/4 | None | downside_2027q3_net_other_income |
| /operating_model/cells/downside_2027q3_ebitda_exclusions:downside/id | None | downside_2027q3_ebitda_exclusions |
| /operating_model/cells/downside_2027q3_ebitda_exclusions:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_ebitda_exclusions:downside/label | None | GAAP bridge exclusions |
| /operating_model/cells/downside_2027q3_ebitda_exclusions:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_ebitda_exclusions:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_ebitda_exclusions:downside/value | None | 72.0 |
| /operating_model/cells/downside_2027q3_fair_value_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_fair_value_loss:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_fair_value_loss:downside/id | None | downside_2027q3_fair_value_loss |
| /operating_model/cells/downside_2027q3_fair_value_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_fair_value_loss:downside/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/downside_2027q3_fair_value_loss:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_fair_value_loss:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_fair_value_loss:downside/value | None | 32.0 |
| /operating_model/cells/downside_2027q3_fee_realization:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_fee_realization:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_fee_realization:downside/id | None | downside_2027q3_fee_realization |
| /operating_model/cells/downside_2027q3_fee_realization:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_fee_realization:downside/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/downside_2027q3_fee_realization:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_fee_realization:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_fee_realization:downside/value | None | 0.9376829369202057 |
| /operating_model/cells/downside_2027q3_fees:downside/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/downside_2027q3_fees:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_fees:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_fees:downside/formula/refs/0 | None | downside_2027q3_unsecured_fee |
| /operating_model/cells/downside_2027q3_fees:downside/formula/refs/1 | None | downside_2027q3_secured_fee |
| /operating_model/cells/downside_2027q3_fees:downside/id | None | downside_2027q3_fees |
| /operating_model/cells/downside_2027q3_fees:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_fees:downside/label | None | Total fee revenue |
| /operating_model/cells/downside_2027q3_fees:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_fees:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_fees:downside/value | None | 340.00000000000006 |
| /operating_model/cells/downside_2027q3_fixed_adjusted_cost:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_fixed_adjusted_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_fixed_adjusted_cost:downside/id | None | downside_2027q3_fixed_adjusted_cost |
| /operating_model/cells/downside_2027q3_fixed_adjusted_cost:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_fixed_adjusted_cost:downside/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/downside_2027q3_fixed_adjusted_cost:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_fixed_adjusted_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_fixed_adjusted_cost:downside/value | None | 138.0 |
| /operating_model/cells/downside_2027q3_funding_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_funding_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_funding_interest:downside/id | None | downside_2027q3_funding_interest |
| /operating_model/cells/downside_2027q3_funding_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_funding_interest:downside/label | None | Balance-sheet funding interest |
| /operating_model/cells/downside_2027q3_funding_interest:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_funding_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_funding_interest:downside/value | None | 20.0 |
| /operating_model/cells/downside_2027q3_hfs_funding:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_hfs_funding:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_hfs_funding:downside/id | None | downside_2027q3_hfs_funding |
| /operating_model/cells/downside_2027q3_hfs_funding:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_hfs_funding:downside/label | None | Net operating loan-settlement funding |
| /operating_model/cells/downside_2027q3_hfs_funding:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_hfs_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_hfs_funding:downside/value | None | 170.0 |
| /operating_model/cells/downside_2027q3_investment_and_claims:downside/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/downside_2027q3_investment_and_claims:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_investment_and_claims:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_investment_and_claims:downside/formula/refs/0 | None | downside_2027q3_capex |
| /operating_model/cells/downside_2027q3_investment_and_claims:downside/formula/refs/1 | None | downside_2027q3_lending_investment |
| /operating_model/cells/downside_2027q3_investment_and_claims:downside/formula/refs/2 | None | downside_2027q3_debt_principal |
| /operating_model/cells/downside_2027q3_investment_and_claims:downside/formula/refs/3 | None | downside_2027q3_buybacks |
| /operating_model/cells/downside_2027q3_investment_and_claims:downside/id | None | downside_2027q3_investment_and_claims |
| /operating_model/cells/downside_2027q3_investment_and_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_investment_and_claims:downside/label | None | Loan investment capex and capital claims |
| /operating_model/cells/downside_2027q3_investment_and_claims:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_investment_and_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_investment_and_claims:downside/value | None | 64.0 |
| /operating_model/cells/downside_2027q3_lending_investment:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_lending_investment:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_lending_investment:downside/id | None | downside_2027q3_lending_investment |
| /operating_model/cells/downside_2027q3_lending_investment:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_lending_investment:downside/label | None | Net HFI investment |
| /operating_model/cells/downside_2027q3_lending_investment:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_lending_investment:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_lending_investment:downside/value | None | 45.0 |
| /operating_model/cells/downside_2027q3_loan_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_loan_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_loan_interest:downside/id | None | downside_2027q3_loan_interest |
| /operating_model/cells/downside_2027q3_loan_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_loan_interest:downside/label | None | Loan interest income |
| /operating_model/cells/downside_2027q3_loan_interest:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_loan_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_loan_interest:downside/value | None | 59.0 |
| /operating_model/cells/downside_2027q3_net_balance_revenue:downside/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/downside_2027q3_net_balance_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_net_balance_revenue:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_net_balance_revenue:downside/formula/refs/0 | None | downside_2027q3_loan_interest |
| /operating_model/cells/downside_2027q3_net_balance_revenue:downside/formula/refs/1 | None | downside_2027q3_balance_cost |
| /operating_model/cells/downside_2027q3_net_balance_revenue:downside/id | None | downside_2027q3_net_balance_revenue |
| /operating_model/cells/downside_2027q3_net_balance_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_net_balance_revenue:downside/label | None | Net balance-sheet revenue |
| /operating_model/cells/downside_2027q3_net_balance_revenue:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_net_balance_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_net_balance_revenue:downside/value | None | 7.0 |
| /operating_model/cells/downside_2027q3_net_other_income:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_net_other_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_net_other_income:downside/id | None | downside_2027q3_net_other_income |
| /operating_model/cells/downside_2027q3_net_other_income:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_net_other_income:downside/label | None | Net other income after convertible interest |
| /operating_model/cells/downside_2027q3_net_other_income:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_net_other_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_net_other_income:downside/value | None | 2.0 |
| /operating_model/cells/downside_2027q3_operating_income:downside/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/downside_2027q3_operating_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_operating_income:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_operating_income:downside/formula/refs/0 | None | downside_2027q3_adj_ebitda |
| /operating_model/cells/downside_2027q3_operating_income:downside/formula/refs/1 | None | downside_2027q3_ebitda_exclusions |
| /operating_model/cells/downside_2027q3_operating_income:downside/id | None | downside_2027q3_operating_income |
| /operating_model/cells/downside_2027q3_operating_income:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_operating_income:downside/label | None | GAAP operating income proxy |
| /operating_model/cells/downside_2027q3_operating_income:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_operating_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_operating_income:downside/value | None | -44.799999999999955 |
| /operating_model/cells/downside_2027q3_operating_noncash_bridge:downside/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/downside_2027q3_operating_noncash_bridge:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_operating_noncash_bridge:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_operating_noncash_bridge:downside/formula/refs/0 | None | downside_2027q3_operating_income |
| /operating_model/cells/downside_2027q3_operating_noncash_bridge:downside/formula/refs/1 | None | downside_2027q3_sbc |
| /operating_model/cells/downside_2027q3_operating_noncash_bridge:downside/formula/refs/2 | None | downside_2027q3_da |
| /operating_model/cells/downside_2027q3_operating_noncash_bridge:downside/formula/refs/3 | None | downside_2027q3_fair_value_loss |
| /operating_model/cells/downside_2027q3_operating_noncash_bridge:downside/id | None | downside_2027q3_operating_noncash_bridge |
| /operating_model/cells/downside_2027q3_operating_noncash_bridge:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_operating_noncash_bridge:downside/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/downside_2027q3_operating_noncash_bridge:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_operating_noncash_bridge:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_operating_noncash_bridge:downside/value | None | 51.200000000000045 |
| /operating_model/cells/downside_2027q3_payroll:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_payroll:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_payroll:downside/id | None | downside_2027q3_payroll |
| /operating_model/cells/downside_2027q3_payroll:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_payroll:downside/label | None | Equity payroll adjustment |
| /operating_model/cells/downside_2027q3_payroll:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_payroll:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_payroll:downside/value | None | 1.5 |
| /operating_model/cells/downside_2027q3_revenue:downside/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/downside_2027q3_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_revenue:downside/formula/refs/0 | None | downside_2027q3_fees |
| /operating_model/cells/downside_2027q3_revenue:downside/formula/refs/1 | None | downside_2027q3_net_balance_revenue |
| /operating_model/cells/downside_2027q3_revenue:downside/id | None | downside_2027q3_revenue |
| /operating_model/cells/downside_2027q3_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_revenue:downside/label | None | Total revenue |
| /operating_model/cells/downside_2027q3_revenue:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_revenue:downside/value | None | 347.00000000000006 |
| /operating_model/cells/downside_2027q3_sbc:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_sbc:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_sbc:downside/id | None | downside_2027q3_sbc |
| /operating_model/cells/downside_2027q3_sbc:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_sbc:downside/label | None | SBC expense |
| /operating_model/cells/downside_2027q3_sbc:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_sbc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_sbc:downside/value | None | 55.0 |
| /operating_model/cells/downside_2027q3_secured_cm:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_secured_cm:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_secured_cm:downside/id | None | downside_2027q3_secured_cm |
| /operating_model/cells/downside_2027q3_secured_cm:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_secured_cm:downside/label | None | Secured contribution margin |
| /operating_model/cells/downside_2027q3_secured_cm:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_secured_cm:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_secured_cm:downside/value | None | -0.24999999999999997 |
| /operating_model/cells/downside_2027q3_secured_contribution:downside/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/downside_2027q3_secured_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_secured_contribution:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q3_secured_contribution:downside/formula/refs/0 | None | downside_2027q3_secured_fee |
| /operating_model/cells/downside_2027q3_secured_contribution:downside/formula/refs/1 | None | downside_2027q3_secured_cm |
| /operating_model/cells/downside_2027q3_secured_contribution:downside/id | None | downside_2027q3_secured_contribution |
| /operating_model/cells/downside_2027q3_secured_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_secured_contribution:downside/label | None | Secured contribution |
| /operating_model/cells/downside_2027q3_secured_contribution:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_secured_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_secured_contribution:downside/value | None | -8.999999999999998 |
| /operating_model/cells/downside_2027q3_secured_fee:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_secured_fee:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_secured_fee:downside/id | None | downside_2027q3_secured_fee |
| /operating_model/cells/downside_2027q3_secured_fee:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_secured_fee:downside/label | None | Secured fee revenue |
| /operating_model/cells/downside_2027q3_secured_fee:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_secured_fee:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_secured_fee:downside/value | None | 36.0 |
| /operating_model/cells/downside_2027q3_unsecured_cm:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_unsecured_cm:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_unsecured_cm:downside/id | None | downside_2027q3_unsecured_cm |
| /operating_model/cells/downside_2027q3_unsecured_cm:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_unsecured_cm:downside/label | None | Unsecured contribution margin |
| /operating_model/cells/downside_2027q3_unsecured_cm:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_unsecured_cm:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_unsecured_cm:downside/value | None | 0.55 |
| /operating_model/cells/downside_2027q3_unsecured_contribution:downside/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/downside_2027q3_unsecured_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_unsecured_contribution:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q3_unsecured_contribution:downside/formula/refs/0 | None | downside_2027q3_unsecured_fee |
| /operating_model/cells/downside_2027q3_unsecured_contribution:downside/formula/refs/1 | None | downside_2027q3_unsecured_cm |
| /operating_model/cells/downside_2027q3_unsecured_contribution:downside/id | None | downside_2027q3_unsecured_contribution |
| /operating_model/cells/downside_2027q3_unsecured_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_unsecured_contribution:downside/label | None | Unsecured contribution |
| /operating_model/cells/downside_2027q3_unsecured_contribution:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_unsecured_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_unsecured_contribution:downside/value | None | 167.20000000000005 |
| /operating_model/cells/downside_2027q3_unsecured_fee:downside/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/downside_2027q3_unsecured_fee:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_unsecured_fee:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q3_unsecured_fee:downside/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/downside_2027q3_unsecured_fee:downside/formula/refs/1 | None | downside_2027q3_activity |
| /operating_model/cells/downside_2027q3_unsecured_fee:downside/formula/refs/2 | None | downside_2027q3_fee_realization |
| /operating_model/cells/downside_2027q3_unsecured_fee:downside/id | None | downside_2027q3_unsecured_fee |
| /operating_model/cells/downside_2027q3_unsecured_fee:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_unsecured_fee:downside/label | None | Unsecured fee revenue |
| /operating_model/cells/downside_2027q3_unsecured_fee:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_unsecured_fee:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_unsecured_fee:downside/value | None | 304.00000000000006 |
| /operating_model/cells/downside_2027q3_volume:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_volume:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_volume:downside/id | None | downside_2027q3_volume |
| /operating_model/cells/downside_2027q3_volume:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_volume:downside/label | None | Facilitated principal |
| /operating_model/cells/downside_2027q3_volume:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_volume:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_volume:downside/value | None | 4200.0 |
| /operating_model/cells/downside_2027q3_working_capital_use:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_working_capital_use:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_working_capital_use:downside/id | None | downside_2027q3_working_capital_use |
| /operating_model/cells/downside_2027q3_working_capital_use:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_working_capital_use:downside/label | None | Other working-capital and settlement use |
| /operating_model/cells/downside_2027q3_working_capital_use:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_working_capital_use:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_working_capital_use:downside/value | None | 23.0 |
| /operating_model/cells/downside_2027q4_activity:downside/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/downside_2027q4_activity:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_activity:downside/formula/op | None | divide |
| /operating_model/cells/downside_2027q4_activity:downside/formula/refs/0 | None | downside_2027q4_volume |
| /operating_model/cells/downside_2027q4_activity:downside/formula/refs/1 | None | q2_volume |
| /operating_model/cells/downside_2027q4_activity:downside/id | None | downside_2027q4_activity |
| /operating_model/cells/downside_2027q4_activity:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_activity:downside/label | None | Activity versus Q2 |
| /operating_model/cells/downside_2027q4_activity:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_activity:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_activity:downside/value | None | 1.0172280582725008 |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/formula/refs/0 | None | downside_2027q4_contribution_plus_balance |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/formula/refs/1 | None | downside_2027q4_fixed_adjusted_cost |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/id | None | downside_2027q4_adj_ebitda |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/value | None | 28.5 |
| /operating_model/cells/downside_2027q4_asset_cash:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_asset_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_asset_cash:downside/id | None | downside_2027q4_asset_cash |
| /operating_model/cells/downside_2027q4_asset_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_asset_cash:downside/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/downside_2027q4_asset_cash:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_asset_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_asset_cash:downside/value | None | 20.0 |
| /operating_model/cells/downside_2027q4_available_cash:downside/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/downside_2027q4_available_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_available_cash:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_available_cash:downside/formula/refs/0 | None | downside_2027q4_cfo |
| /operating_model/cells/downside_2027q4_available_cash:downside/formula/refs/1 | None | downside_2027q4_asset_cash |
| /operating_model/cells/downside_2027q4_available_cash:downside/id | None | downside_2027q4_available_cash |
| /operating_model/cells/downside_2027q4_available_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_available_cash:downside/label | None | CFO plus asset receipts |
| /operating_model/cells/downside_2027q4_available_cash:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_available_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_available_cash:downside/value | None | -138.5 |
| /operating_model/cells/downside_2027q4_balance_cost:downside/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/downside_2027q4_balance_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_balance_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_balance_cost:downside/formula/refs/0 | None | downside_2027q4_funding_interest |
| /operating_model/cells/downside_2027q4_balance_cost:downside/formula/refs/1 | None | downside_2027q4_fair_value_loss |
| /operating_model/cells/downside_2027q4_balance_cost:downside/id | None | downside_2027q4_balance_cost |
| /operating_model/cells/downside_2027q4_balance_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_balance_cost:downside/label | None | Funding and fair-value costs |
| /operating_model/cells/downside_2027q4_balance_cost:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_balance_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_balance_cost:downside/value | None | 51.0 |
| /operating_model/cells/downside_2027q4_buybacks:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_buybacks:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_buybacks:downside/id | None | downside_2027q4_buybacks |
| /operating_model/cells/downside_2027q4_buybacks:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_buybacks:downside/label | None | Optional repurchases |
| /operating_model/cells/downside_2027q4_buybacks:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_buybacks:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_buybacks:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q4_capex:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_capex:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_capex:downside/id | None | downside_2027q4_capex |
| /operating_model/cells/downside_2027q4_capex:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_capex:downside/label | None | Cash PP&E and software |
| /operating_model/cells/downside_2027q4_capex:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_capex:downside/value | None | 13.0 |
| /operating_model/cells/downside_2027q4_cash_after_claims:downside/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/downside_2027q4_cash_after_claims:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_cash_after_claims:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_cash_after_claims:downside/formula/refs/0 | None | downside_2027q4_available_cash |
| /operating_model/cells/downside_2027q4_cash_after_claims:downside/formula/refs/1 | None | downside_2027q4_investment_and_claims |
| /operating_model/cells/downside_2027q4_cash_after_claims:downside/id | None | downside_2027q4_cash_after_claims |
| /operating_model/cells/downside_2027q4_cash_after_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_cash_after_claims:downside/label | None | Cash after lending and capital claims |
| /operating_model/cells/downside_2027q4_cash_after_claims:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_cash_after_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_cash_after_claims:downside/value | None | -208.5 |
| /operating_model/cells/downside_2027q4_cash_before_settlement:downside/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/downside_2027q4_cash_before_settlement:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_cash_before_settlement:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_cash_before_settlement:downside/formula/refs/0 | None | downside_2027q4_operating_noncash_bridge |
| /operating_model/cells/downside_2027q4_cash_before_settlement:downside/formula/refs/1 | None | downside_2027q4_cash_timing |
| /operating_model/cells/downside_2027q4_cash_before_settlement:downside/id | None | downside_2027q4_cash_before_settlement |
| /operating_model/cells/downside_2027q4_cash_before_settlement:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_cash_before_settlement:downside/label | None | Cash before operating loan settlement |
| /operating_model/cells/downside_2027q4_cash_before_settlement:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_cash_before_settlement:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_cash_before_settlement:downside/value | None | 21.5 |
| /operating_model/cells/downside_2027q4_cash_tax:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_cash_tax:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_cash_tax:downside/id | None | downside_2027q4_cash_tax |
| /operating_model/cells/downside_2027q4_cash_tax:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_cash_tax:downside/label | None | Cash tax |
| /operating_model/cells/downside_2027q4_cash_tax:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_cash_tax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_cash_tax:downside/value | None | 3.0 |
| /operating_model/cells/downside_2027q4_cash_timing:downside/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/downside_2027q4_cash_timing:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_cash_timing:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_cash_timing:downside/formula/refs/0 | None | downside_2027q4_cash_tax |
| /operating_model/cells/downside_2027q4_cash_timing:downside/formula/refs/1 | None | downside_2027q4_corporate_net_interest_cash |
| /operating_model/cells/downside_2027q4_cash_timing:downside/formula/refs/2 | None | downside_2027q4_working_capital_use |
| /operating_model/cells/downside_2027q4_cash_timing:downside/id | None | downside_2027q4_cash_timing |
| /operating_model/cells/downside_2027q4_cash_timing:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_cash_timing:downside/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/downside_2027q4_cash_timing:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_cash_timing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_cash_timing:downside/value | None | 29.0 |
| /operating_model/cells/downside_2027q4_cfo:downside/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/downside_2027q4_cfo:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_cfo:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_cfo:downside/formula/refs/0 | None | downside_2027q4_cash_before_settlement |
| /operating_model/cells/downside_2027q4_cfo:downside/formula/refs/1 | None | downside_2027q4_hfs_funding |
| /operating_model/cells/downside_2027q4_cfo:downside/id | None | downside_2027q4_cfo |
| /operating_model/cells/downside_2027q4_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_cfo:downside/label | None | CFO after operating loan settlement |
| /operating_model/cells/downside_2027q4_cfo:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_cfo:downside/value | None | -158.5 |
| /operating_model/cells/downside_2027q4_contribution:downside/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/downside_2027q4_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_contribution:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_contribution:downside/formula/refs/0 | None | downside_2027q4_unsecured_contribution |
| /operating_model/cells/downside_2027q4_contribution:downside/formula/refs/1 | None | downside_2027q4_secured_contribution |
| /operating_model/cells/downside_2027q4_contribution:downside/id | None | downside_2027q4_contribution |
| /operating_model/cells/downside_2027q4_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_contribution:downside/label | None | Fee contribution profit |
| /operating_model/cells/downside_2027q4_contribution:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_contribution:downside/value | None | 161.5 |
| /operating_model/cells/downside_2027q4_contribution_plus_balance:downside/basis | None | Direct fee costs already removed. |
| /operating_model/cells/downside_2027q4_contribution_plus_balance:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_contribution_plus_balance:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_contribution_plus_balance:downside/formula/refs/0 | None | downside_2027q4_contribution |
| /operating_model/cells/downside_2027q4_contribution_plus_balance:downside/formula/refs/1 | None | downside_2027q4_net_balance_revenue |
| /operating_model/cells/downside_2027q4_contribution_plus_balance:downside/id | None | downside_2027q4_contribution_plus_balance |
| /operating_model/cells/downside_2027q4_contribution_plus_balance:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_contribution_plus_balance:downside/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/downside_2027q4_contribution_plus_balance:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_contribution_plus_balance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_contribution_plus_balance:downside/value | None | 170.5 |
| /operating_model/cells/downside_2027q4_convert_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_convert_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_convert_interest:downside/id | None | downside_2027q4_convert_interest |
| /operating_model/cells/downside_2027q4_convert_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_convert_interest:downside/label | None | Convertible GAAP interest |
| /operating_model/cells/downside_2027q4_convert_interest:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_convert_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_convert_interest:downside/value | None | 4.5 |
| /operating_model/cells/downside_2027q4_corporate_net_interest_cash:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_corporate_net_interest_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_corporate_net_interest_cash:downside/id | None | downside_2027q4_corporate_net_interest_cash |
| /operating_model/cells/downside_2027q4_corporate_net_interest_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_corporate_net_interest_cash:downside/label | None | Net corporate cash interest |
| /operating_model/cells/downside_2027q4_corporate_net_interest_cash:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_corporate_net_interest_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_corporate_net_interest_cash:downside/value | None | 1.0 |
| /operating_model/cells/downside_2027q4_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_da:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_da:downside/id | None | downside_2027q4_da |
| /operating_model/cells/downside_2027q4_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_da:downside/label | None | Depreciation and amortization |
| /operating_model/cells/downside_2027q4_da:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_da:downside/value | None | 9.5 |
| /operating_model/cells/downside_2027q4_debt_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_debt_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_debt_principal:downside/id | None | downside_2027q4_debt_principal |
| /operating_model/cells/downside_2027q4_debt_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_debt_principal:downside/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/downside_2027q4_debt_principal:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_debt_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_debt_principal:downside/value | None | 7.0 |
| /operating_model/cells/downside_2027q4_ebitda_exclusions:downside/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/downside_2027q4_ebitda_exclusions:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_ebitda_exclusions:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_ebitda_exclusions:downside/formula/refs/0 | None | downside_2027q4_sbc |
| /operating_model/cells/downside_2027q4_ebitda_exclusions:downside/formula/refs/1 | None | downside_2027q4_payroll |
| /operating_model/cells/downside_2027q4_ebitda_exclusions:downside/formula/refs/2 | None | downside_2027q4_da |
| /operating_model/cells/downside_2027q4_ebitda_exclusions:downside/formula/refs/3 | None | downside_2027q4_convert_interest |
| /operating_model/cells/downside_2027q4_ebitda_exclusions:downside/formula/refs/4 | None | downside_2027q4_net_other_income |
| /operating_model/cells/downside_2027q4_ebitda_exclusions:downside/id | None | downside_2027q4_ebitda_exclusions |
| /operating_model/cells/downside_2027q4_ebitda_exclusions:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_ebitda_exclusions:downside/label | None | GAAP bridge exclusions |
| /operating_model/cells/downside_2027q4_ebitda_exclusions:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_ebitda_exclusions:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_ebitda_exclusions:downside/value | None | 75.5 |
| /operating_model/cells/downside_2027q4_fair_value_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_fair_value_loss:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_fair_value_loss:downside/id | None | downside_2027q4_fair_value_loss |
| /operating_model/cells/downside_2027q4_fair_value_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_fair_value_loss:downside/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/downside_2027q4_fair_value_loss:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_fair_value_loss:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_fair_value_loss:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q4_fee_realization:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_fee_realization:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_fee_realization:downside/id | None | downside_2027q4_fee_realization |
| /operating_model/cells/downside_2027q4_fee_realization:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_fee_realization:downside/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/downside_2027q4_fee_realization:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_fee_realization:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_fee_realization:downside/value | None | 0.9339528640377199 |
| /operating_model/cells/downside_2027q4_fees:downside/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/downside_2027q4_fees:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_fees:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_fees:downside/formula/refs/0 | None | downside_2027q4_unsecured_fee |
| /operating_model/cells/downside_2027q4_fees:downside/formula/refs/1 | None | downside_2027q4_secured_fee |
| /operating_model/cells/downside_2027q4_fees:downside/id | None | downside_2027q4_fees |
| /operating_model/cells/downside_2027q4_fees:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_fees:downside/label | None | Total fee revenue |
| /operating_model/cells/downside_2027q4_fees:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_fees:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_fees:downside/value | None | 350.0 |
| /operating_model/cells/downside_2027q4_fixed_adjusted_cost:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_fixed_adjusted_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_fixed_adjusted_cost:downside/id | None | downside_2027q4_fixed_adjusted_cost |
| /operating_model/cells/downside_2027q4_fixed_adjusted_cost:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_fixed_adjusted_cost:downside/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/downside_2027q4_fixed_adjusted_cost:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_fixed_adjusted_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_fixed_adjusted_cost:downside/value | None | 142.0 |
| /operating_model/cells/downside_2027q4_funding_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_funding_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_funding_interest:downside/id | None | downside_2027q4_funding_interest |
| /operating_model/cells/downside_2027q4_funding_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_funding_interest:downside/label | None | Balance-sheet funding interest |
| /operating_model/cells/downside_2027q4_funding_interest:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_funding_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_funding_interest:downside/value | None | 21.0 |
| /operating_model/cells/downside_2027q4_hfs_funding:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_hfs_funding:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_hfs_funding:downside/id | None | downside_2027q4_hfs_funding |
| /operating_model/cells/downside_2027q4_hfs_funding:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_hfs_funding:downside/label | None | Net operating loan-settlement funding |
| /operating_model/cells/downside_2027q4_hfs_funding:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_hfs_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_hfs_funding:downside/value | None | 180.0 |
| /operating_model/cells/downside_2027q4_investment_and_claims:downside/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/downside_2027q4_investment_and_claims:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_investment_and_claims:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_investment_and_claims:downside/formula/refs/0 | None | downside_2027q4_capex |
| /operating_model/cells/downside_2027q4_investment_and_claims:downside/formula/refs/1 | None | downside_2027q4_lending_investment |
| /operating_model/cells/downside_2027q4_investment_and_claims:downside/formula/refs/2 | None | downside_2027q4_debt_principal |
| /operating_model/cells/downside_2027q4_investment_and_claims:downside/formula/refs/3 | None | downside_2027q4_buybacks |
| /operating_model/cells/downside_2027q4_investment_and_claims:downside/id | None | downside_2027q4_investment_and_claims |
| /operating_model/cells/downside_2027q4_investment_and_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_investment_and_claims:downside/label | None | Loan investment capex and capital claims |
| /operating_model/cells/downside_2027q4_investment_and_claims:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_investment_and_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_investment_and_claims:downside/value | None | 70.0 |
| /operating_model/cells/downside_2027q4_lending_investment:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_lending_investment:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_lending_investment:downside/id | None | downside_2027q4_lending_investment |
| /operating_model/cells/downside_2027q4_lending_investment:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_lending_investment:downside/label | None | Net HFI investment |
| /operating_model/cells/downside_2027q4_lending_investment:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_lending_investment:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_lending_investment:downside/value | None | 50.0 |
| /operating_model/cells/downside_2027q4_loan_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_loan_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_loan_interest:downside/id | None | downside_2027q4_loan_interest |
| /operating_model/cells/downside_2027q4_loan_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_loan_interest:downside/label | None | Loan interest income |
| /operating_model/cells/downside_2027q4_loan_interest:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_loan_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_loan_interest:downside/value | None | 60.0 |
| /operating_model/cells/downside_2027q4_net_balance_revenue:downside/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/downside_2027q4_net_balance_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_net_balance_revenue:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_net_balance_revenue:downside/formula/refs/0 | None | downside_2027q4_loan_interest |
| /operating_model/cells/downside_2027q4_net_balance_revenue:downside/formula/refs/1 | None | downside_2027q4_balance_cost |
| /operating_model/cells/downside_2027q4_net_balance_revenue:downside/id | None | downside_2027q4_net_balance_revenue |
| /operating_model/cells/downside_2027q4_net_balance_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_net_balance_revenue:downside/label | None | Net balance-sheet revenue |
| /operating_model/cells/downside_2027q4_net_balance_revenue:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_net_balance_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_net_balance_revenue:downside/value | None | 9.0 |
| /operating_model/cells/downside_2027q4_net_other_income:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_net_other_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_net_other_income:downside/id | None | downside_2027q4_net_other_income |
| /operating_model/cells/downside_2027q4_net_other_income:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_net_other_income:downside/label | None | Net other income after convertible interest |
| /operating_model/cells/downside_2027q4_net_other_income:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_net_other_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_net_other_income:downside/value | None | 2.0 |
| /operating_model/cells/downside_2027q4_operating_income:downside/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/downside_2027q4_operating_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_operating_income:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_operating_income:downside/formula/refs/0 | None | downside_2027q4_adj_ebitda |
| /operating_model/cells/downside_2027q4_operating_income:downside/formula/refs/1 | None | downside_2027q4_ebitda_exclusions |
| /operating_model/cells/downside_2027q4_operating_income:downside/id | None | downside_2027q4_operating_income |
| /operating_model/cells/downside_2027q4_operating_income:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_operating_income:downside/label | None | GAAP operating income proxy |
| /operating_model/cells/downside_2027q4_operating_income:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_operating_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_operating_income:downside/value | None | -47.0 |
| /operating_model/cells/downside_2027q4_operating_noncash_bridge:downside/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/downside_2027q4_operating_noncash_bridge:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_operating_noncash_bridge:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_operating_noncash_bridge:downside/formula/refs/0 | None | downside_2027q4_operating_income |
| /operating_model/cells/downside_2027q4_operating_noncash_bridge:downside/formula/refs/1 | None | downside_2027q4_sbc |
| /operating_model/cells/downside_2027q4_operating_noncash_bridge:downside/formula/refs/2 | None | downside_2027q4_da |
| /operating_model/cells/downside_2027q4_operating_noncash_bridge:downside/formula/refs/3 | None | downside_2027q4_fair_value_loss |
| /operating_model/cells/downside_2027q4_operating_noncash_bridge:downside/id | None | downside_2027q4_operating_noncash_bridge |
| /operating_model/cells/downside_2027q4_operating_noncash_bridge:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_operating_noncash_bridge:downside/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/downside_2027q4_operating_noncash_bridge:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_operating_noncash_bridge:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_operating_noncash_bridge:downside/value | None | 50.5 |
| /operating_model/cells/downside_2027q4_payroll:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_payroll:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_payroll:downside/id | None | downside_2027q4_payroll |
| /operating_model/cells/downside_2027q4_payroll:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_payroll:downside/label | None | Equity payroll adjustment |
| /operating_model/cells/downside_2027q4_payroll:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_payroll:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_payroll:downside/value | None | 1.5 |
| /operating_model/cells/downside_2027q4_revenue:downside/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/downside_2027q4_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_revenue:downside/formula/refs/0 | None | downside_2027q4_fees |
| /operating_model/cells/downside_2027q4_revenue:downside/formula/refs/1 | None | downside_2027q4_net_balance_revenue |
| /operating_model/cells/downside_2027q4_revenue:downside/id | None | downside_2027q4_revenue |
| /operating_model/cells/downside_2027q4_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_revenue:downside/label | None | Total revenue |
| /operating_model/cells/downside_2027q4_revenue:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_revenue:downside/value | None | 359.0 |
| /operating_model/cells/downside_2027q4_sbc:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_sbc:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_sbc:downside/id | None | downside_2027q4_sbc |
| /operating_model/cells/downside_2027q4_sbc:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_sbc:downside/label | None | SBC expense |
| /operating_model/cells/downside_2027q4_sbc:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_sbc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_sbc:downside/value | None | 58.0 |
| /operating_model/cells/downside_2027q4_secured_cm:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_secured_cm:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_secured_cm:downside/id | None | downside_2027q4_secured_cm |
| /operating_model/cells/downside_2027q4_secured_cm:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_secured_cm:downside/label | None | Secured contribution margin |
| /operating_model/cells/downside_2027q4_secured_cm:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_secured_cm:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_secured_cm:downside/value | None | -0.22499999999999998 |
| /operating_model/cells/downside_2027q4_secured_contribution:downside/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/downside_2027q4_secured_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_secured_contribution:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q4_secured_contribution:downside/formula/refs/0 | None | downside_2027q4_secured_fee |
| /operating_model/cells/downside_2027q4_secured_contribution:downside/formula/refs/1 | None | downside_2027q4_secured_cm |
| /operating_model/cells/downside_2027q4_secured_contribution:downside/id | None | downside_2027q4_secured_contribution |
| /operating_model/cells/downside_2027q4_secured_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_secured_contribution:downside/label | None | Secured contribution |
| /operating_model/cells/downside_2027q4_secured_contribution:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_secured_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_secured_contribution:downside/value | None | -9.0 |
| /operating_model/cells/downside_2027q4_secured_fee:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_secured_fee:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_secured_fee:downside/id | None | downside_2027q4_secured_fee |
| /operating_model/cells/downside_2027q4_secured_fee:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_secured_fee:downside/label | None | Secured fee revenue |
| /operating_model/cells/downside_2027q4_secured_fee:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_secured_fee:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_secured_fee:downside/value | None | 40.0 |
| /operating_model/cells/downside_2027q4_unsecured_cm:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_unsecured_cm:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_unsecured_cm:downside/id | None | downside_2027q4_unsecured_cm |
| /operating_model/cells/downside_2027q4_unsecured_cm:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_unsecured_cm:downside/label | None | Unsecured contribution margin |
| /operating_model/cells/downside_2027q4_unsecured_cm:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_unsecured_cm:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_unsecured_cm:downside/value | None | 0.55 |
| /operating_model/cells/downside_2027q4_unsecured_contribution:downside/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/downside_2027q4_unsecured_contribution:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_unsecured_contribution:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q4_unsecured_contribution:downside/formula/refs/0 | None | downside_2027q4_unsecured_fee |
| /operating_model/cells/downside_2027q4_unsecured_contribution:downside/formula/refs/1 | None | downside_2027q4_unsecured_cm |
| /operating_model/cells/downside_2027q4_unsecured_contribution:downside/id | None | downside_2027q4_unsecured_contribution |
| /operating_model/cells/downside_2027q4_unsecured_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_unsecured_contribution:downside/label | None | Unsecured contribution |
| /operating_model/cells/downside_2027q4_unsecured_contribution:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_unsecured_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_unsecured_contribution:downside/value | None | 170.5 |
| /operating_model/cells/downside_2027q4_unsecured_fee:downside/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/downside_2027q4_unsecured_fee:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_unsecured_fee:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q4_unsecured_fee:downside/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/downside_2027q4_unsecured_fee:downside/formula/refs/1 | None | downside_2027q4_activity |
| /operating_model/cells/downside_2027q4_unsecured_fee:downside/formula/refs/2 | None | downside_2027q4_fee_realization |
| /operating_model/cells/downside_2027q4_unsecured_fee:downside/id | None | downside_2027q4_unsecured_fee |
| /operating_model/cells/downside_2027q4_unsecured_fee:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_unsecured_fee:downside/label | None | Unsecured fee revenue |
| /operating_model/cells/downside_2027q4_unsecured_fee:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_unsecured_fee:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_unsecured_fee:downside/value | None | 310.0 |
| /operating_model/cells/downside_2027q4_volume:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_volume:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_volume:downside/id | None | downside_2027q4_volume |
| /operating_model/cells/downside_2027q4_volume:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_volume:downside/label | None | Facilitated principal |
| /operating_model/cells/downside_2027q4_volume:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_volume:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_volume:downside/value | None | 4300.0 |
| /operating_model/cells/downside_2027q4_working_capital_use:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_working_capital_use:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_working_capital_use:downside/id | None | downside_2027q4_working_capital_use |
| /operating_model/cells/downside_2027q4_working_capital_use:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_working_capital_use:downside/label | None | Other working-capital and settlement use |
| /operating_model/cells/downside_2027q4_working_capital_use:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_working_capital_use:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_working_capital_use:downside/value | None | 25.0 |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/formula/refs/0 | None | h1_adj_ebitda |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/formula/refs/1 | None | downside_2026q3_adj_ebitda |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/formula/refs/2 | None | downside_2026q4_adj_ebitda |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/id | None | downside_fy2026_adj_ebitda |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/label | None | Adjusted EBITDA proxy ($M) |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/value | None | 159.79900000000006 |
| /operating_model/cells/downside_fy2026_asset_cash:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_asset_cash:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_asset_cash:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_asset_cash:downside/formula/refs/0 | None | h1_asset_cash |
| /operating_model/cells/downside_fy2026_asset_cash:downside/formula/refs/1 | None | downside_2026q3_asset_cash |
| /operating_model/cells/downside_fy2026_asset_cash:downside/formula/refs/2 | None | downside_2026q4_asset_cash |
| /operating_model/cells/downside_fy2026_asset_cash:downside/id | None | downside_fy2026_asset_cash |
| /operating_model/cells/downside_fy2026_asset_cash:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_asset_cash:downside/label | None | Other lending/beneficial asset receipts ($M) |
| /operating_model/cells/downside_fy2026_asset_cash:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_asset_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_asset_cash:downside/value | None | 171.67 |
| /operating_model/cells/downside_fy2026_buybacks:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_buybacks:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_buybacks:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_buybacks:downside/formula/refs/0 | None | h1_buybacks |
| /operating_model/cells/downside_fy2026_buybacks:downside/formula/refs/1 | None | downside_2026q3_buybacks |
| /operating_model/cells/downside_fy2026_buybacks:downside/formula/refs/2 | None | downside_2026q4_buybacks |
| /operating_model/cells/downside_fy2026_buybacks:downside/id | None | downside_fy2026_buybacks |
| /operating_model/cells/downside_fy2026_buybacks:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_buybacks:downside/label | None | Share repurchase cash ($M) |
| /operating_model/cells/downside_fy2026_buybacks:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_buybacks:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_buybacks:downside/value | None | 100.057 |
| /operating_model/cells/downside_fy2026_capex:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_capex:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_capex:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_capex:downside/formula/refs/0 | None | h1_capex |
| /operating_model/cells/downside_fy2026_capex:downside/formula/refs/1 | None | downside_2026q3_capex |
| /operating_model/cells/downside_fy2026_capex:downside/formula/refs/2 | None | downside_2026q4_capex |
| /operating_model/cells/downside_fy2026_capex:downside/id | None | downside_fy2026_capex |
| /operating_model/cells/downside_fy2026_capex:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_capex:downside/label | None | Cash PP&E and software ($M) |
| /operating_model/cells/downside_fy2026_capex:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_capex:downside/value | None | 30.241999999999997 |
| /operating_model/cells/downside_fy2026_cash_after_claims:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_cash_after_claims:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_cash_after_claims:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_cash_after_claims:downside/formula/refs/0 | None | h1_cash_after_claims |
| /operating_model/cells/downside_fy2026_cash_after_claims:downside/formula/refs/1 | None | downside_2026q3_cash_after_claims |
| /operating_model/cells/downside_fy2026_cash_after_claims:downside/formula/refs/2 | None | downside_2026q4_cash_after_claims |
| /operating_model/cells/downside_fy2026_cash_after_claims:downside/id | None | downside_fy2026_cash_after_claims |
| /operating_model/cells/downside_fy2026_cash_after_claims:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_cash_after_claims:downside/label | None | Cash after lending and capital claims ($M) |
| /operating_model/cells/downside_fy2026_cash_after_claims:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_cash_after_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_cash_after_claims:downside/value | None | -1026.129 |
| /operating_model/cells/downside_fy2026_cfo:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_cfo:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_cfo:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_cfo:downside/formula/refs/0 | None | h1_cfo |
| /operating_model/cells/downside_fy2026_cfo:downside/formula/refs/1 | None | downside_2026q3_cfo |
| /operating_model/cells/downside_fy2026_cfo:downside/formula/refs/2 | None | downside_2026q4_cfo |
| /operating_model/cells/downside_fy2026_cfo:downside/id | None | downside_fy2026_cfo |
| /operating_model/cells/downside_fy2026_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_cfo:downside/label | None | CFO after HFS loan settlement ($M) |
| /operating_model/cells/downside_fy2026_cfo:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_cfo:downside/value | None | -610.5039999999999 |
| /operating_model/cells/downside_fy2026_contribution:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_contribution:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_contribution:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_contribution:downside/formula/refs/0 | None | h1_contribution |
| /operating_model/cells/downside_fy2026_contribution:downside/formula/refs/1 | None | downside_2026q3_contribution |
| /operating_model/cells/downside_fy2026_contribution:downside/formula/refs/2 | None | downside_2026q4_contribution |
| /operating_model/cells/downside_fy2026_contribution:downside/id | None | downside_fy2026_contribution |
| /operating_model/cells/downside_fy2026_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_contribution:downside/label | None | Fee contribution profit ($M) |
| /operating_model/cells/downside_fy2026_contribution:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_contribution:downside/value | None | 606.83 |
| /operating_model/cells/downside_fy2026_debt_principal:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_debt_principal:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_debt_principal:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_debt_principal:downside/formula/refs/0 | None | h1_debt_principal |
| /operating_model/cells/downside_fy2026_debt_principal:downside/formula/refs/1 | None | downside_2026q3_debt_principal |
| /operating_model/cells/downside_fy2026_debt_principal:downside/formula/refs/2 | None | downside_2026q4_debt_principal |
| /operating_model/cells/downside_fy2026_debt_principal:downside/id | None | downside_fy2026_debt_principal |
| /operating_model/cells/downside_fy2026_debt_principal:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_debt_principal:downside/label | None | Debt principal cash ($M) |
| /operating_model/cells/downside_fy2026_debt_principal:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_debt_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_debt_principal:downside/value | None | 348.526 |
| /operating_model/cells/downside_fy2026_fees:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_fees:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_fees:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_fees:downside/formula/refs/0 | None | h1_fees |
| /operating_model/cells/downside_fy2026_fees:downside/formula/refs/1 | None | downside_2026q3_fees |
| /operating_model/cells/downside_fy2026_fees:downside/formula/refs/2 | None | downside_2026q4_fees |
| /operating_model/cells/downside_fy2026_fees:downside/id | None | downside_fy2026_fees |
| /operating_model/cells/downside_fy2026_fees:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_fees:downside/label | None | Fee revenue ($M) |
| /operating_model/cells/downside_fy2026_fees:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_fees:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_fees:downside/value | None | 1205.082 |
| /operating_model/cells/downside_fy2026_lending_investment:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_lending_investment:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_lending_investment:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_lending_investment:downside/formula/refs/0 | None | h1_lending_investment |
| /operating_model/cells/downside_fy2026_lending_investment:downside/formula/refs/1 | None | downside_2026q3_lending_investment |
| /operating_model/cells/downside_fy2026_lending_investment:downside/formula/refs/2 | None | downside_2026q4_lending_investment |
| /operating_model/cells/downside_fy2026_lending_investment:downside/id | None | downside_fy2026_lending_investment |
| /operating_model/cells/downside_fy2026_lending_investment:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_lending_investment:downside/label | None | Net HFI loan investment ($M) |
| /operating_model/cells/downside_fy2026_lending_investment:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_lending_investment:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_lending_investment:downside/value | None | 108.47 |
| /operating_model/cells/downside_fy2026_operating_income:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_operating_income:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_operating_income:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_operating_income:downside/formula/refs/0 | None | h1_operating_income |
| /operating_model/cells/downside_fy2026_operating_income:downside/formula/refs/1 | None | downside_2026q3_operating_income |
| /operating_model/cells/downside_fy2026_operating_income:downside/formula/refs/2 | None | downside_2026q4_operating_income |
| /operating_model/cells/downside_fy2026_operating_income:downside/id | None | downside_fy2026_operating_income |
| /operating_model/cells/downside_fy2026_operating_income:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_operating_income:downside/label | None | GAAP operating income proxy ($M) |
| /operating_model/cells/downside_fy2026_operating_income:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_operating_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_operating_income:downside/value | None | -69.95399999999992 |
| /operating_model/cells/downside_fy2026_revenue:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_revenue:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_revenue:downside/formula/refs/0 | None | h1_revenue |
| /operating_model/cells/downside_fy2026_revenue:downside/formula/refs/1 | None | downside_2026q3_revenue |
| /operating_model/cells/downside_fy2026_revenue:downside/formula/refs/2 | None | downside_2026q4_revenue |
| /operating_model/cells/downside_fy2026_revenue:downside/id | None | downside_fy2026_revenue |
| /operating_model/cells/downside_fy2026_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_revenue:downside/label | None | Total revenue ($M) |
| /operating_model/cells/downside_fy2026_revenue:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_revenue:downside/value | None | 1261.922 |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/refs/0 | None | downside_2027q1_adj_ebitda |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/refs/1 | None | downside_2027q2_adj_ebitda |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/refs/2 | None | downside_2027q3_adj_ebitda |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/refs/3 | None | downside_2027q4_adj_ebitda |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/id | None | downside_fy2027_adj_ebitda |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/label | None | Adjusted EBITDA proxy ($M) |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/value | None | 88.25000000000006 |
| /operating_model/cells/downside_fy2027_asset_cash:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_asset_cash:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_asset_cash:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_asset_cash:downside/formula/refs/0 | None | downside_2027q1_asset_cash |
| /operating_model/cells/downside_fy2027_asset_cash:downside/formula/refs/1 | None | downside_2027q2_asset_cash |
| /operating_model/cells/downside_fy2027_asset_cash:downside/formula/refs/2 | None | downside_2027q3_asset_cash |
| /operating_model/cells/downside_fy2027_asset_cash:downside/formula/refs/3 | None | downside_2027q4_asset_cash |
| /operating_model/cells/downside_fy2027_asset_cash:downside/id | None | downside_fy2027_asset_cash |
| /operating_model/cells/downside_fy2027_asset_cash:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_asset_cash:downside/label | None | Other lending/beneficial asset receipts ($M) |
| /operating_model/cells/downside_fy2027_asset_cash:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_asset_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_asset_cash:downside/value | None | 80.0 |
| /operating_model/cells/downside_fy2027_buybacks:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_buybacks:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_buybacks:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_buybacks:downside/formula/refs/0 | None | downside_2027q1_buybacks |
| /operating_model/cells/downside_fy2027_buybacks:downside/formula/refs/1 | None | downside_2027q2_buybacks |
| /operating_model/cells/downside_fy2027_buybacks:downside/formula/refs/2 | None | downside_2027q3_buybacks |
| /operating_model/cells/downside_fy2027_buybacks:downside/formula/refs/3 | None | downside_2027q4_buybacks |
| /operating_model/cells/downside_fy2027_buybacks:downside/id | None | downside_fy2027_buybacks |
| /operating_model/cells/downside_fy2027_buybacks:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_buybacks:downside/label | None | Share repurchase cash ($M) |
| /operating_model/cells/downside_fy2027_buybacks:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_buybacks:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_buybacks:downside/value | None | 0.0 |
| /operating_model/cells/downside_fy2027_capex:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_capex:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_capex:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_capex:downside/formula/refs/0 | None | downside_2027q1_capex |
| /operating_model/cells/downside_fy2027_capex:downside/formula/refs/1 | None | downside_2027q2_capex |
| /operating_model/cells/downside_fy2027_capex:downside/formula/refs/2 | None | downside_2027q3_capex |
| /operating_model/cells/downside_fy2027_capex:downside/formula/refs/3 | None | downside_2027q4_capex |
| /operating_model/cells/downside_fy2027_capex:downside/id | None | downside_fy2027_capex |
| /operating_model/cells/downside_fy2027_capex:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_capex:downside/label | None | Cash PP&E and software ($M) |
| /operating_model/cells/downside_fy2027_capex:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_capex:downside/value | None | 46.0 |
| /operating_model/cells/downside_fy2027_cash_after_claims:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_cash_after_claims:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_cash_after_claims:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_cash_after_claims:downside/formula/refs/0 | None | downside_2027q1_cash_after_claims |
| /operating_model/cells/downside_fy2027_cash_after_claims:downside/formula/refs/1 | None | downside_2027q2_cash_after_claims |
| /operating_model/cells/downside_fy2027_cash_after_claims:downside/formula/refs/2 | None | downside_2027q3_cash_after_claims |
| /operating_model/cells/downside_fy2027_cash_after_claims:downside/formula/refs/3 | None | downside_2027q4_cash_after_claims |
| /operating_model/cells/downside_fy2027_cash_after_claims:downside/id | None | downside_fy2027_cash_after_claims |
| /operating_model/cells/downside_fy2027_cash_after_claims:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_cash_after_claims:downside/label | None | Cash after lending and capital claims ($M) |
| /operating_model/cells/downside_fy2027_cash_after_claims:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_cash_after_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_cash_after_claims:downside/value | None | -746.75 |
| /operating_model/cells/downside_fy2027_cfo:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_cfo:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_cfo:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_cfo:downside/formula/refs/0 | None | downside_2027q1_cfo |
| /operating_model/cells/downside_fy2027_cfo:downside/formula/refs/1 | None | downside_2027q2_cfo |
| /operating_model/cells/downside_fy2027_cfo:downside/formula/refs/2 | None | downside_2027q3_cfo |
| /operating_model/cells/downside_fy2027_cfo:downside/formula/refs/3 | None | downside_2027q4_cfo |
| /operating_model/cells/downside_fy2027_cfo:downside/id | None | downside_fy2027_cfo |
| /operating_model/cells/downside_fy2027_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_cfo:downside/label | None | CFO after HFS loan settlement ($M) |
| /operating_model/cells/downside_fy2027_cfo:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_cfo:downside/value | None | -572.75 |
| /operating_model/cells/downside_fy2027_contribution:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_contribution:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_contribution:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_contribution:downside/formula/refs/0 | None | downside_2027q1_contribution |
| /operating_model/cells/downside_fy2027_contribution:downside/formula/refs/1 | None | downside_2027q2_contribution |
| /operating_model/cells/downside_fy2027_contribution:downside/formula/refs/2 | None | downside_2027q3_contribution |
| /operating_model/cells/downside_fy2027_contribution:downside/formula/refs/3 | None | downside_2027q4_contribution |
| /operating_model/cells/downside_fy2027_contribution:downside/id | None | downside_fy2027_contribution |
| /operating_model/cells/downside_fy2027_contribution:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_contribution:downside/label | None | Fee contribution profit ($M) |
| /operating_model/cells/downside_fy2027_contribution:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_contribution:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_contribution:downside/value | None | 602.25 |
| /operating_model/cells/downside_fy2027_debt_principal:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_debt_principal:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_debt_principal:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_debt_principal:downside/formula/refs/0 | None | downside_2027q1_debt_principal |
| /operating_model/cells/downside_fy2027_debt_principal:downside/formula/refs/1 | None | downside_2027q2_debt_principal |
| /operating_model/cells/downside_fy2027_debt_principal:downside/formula/refs/2 | None | downside_2027q3_debt_principal |
| /operating_model/cells/downside_fy2027_debt_principal:downside/formula/refs/3 | None | downside_2027q4_debt_principal |
| /operating_model/cells/downside_fy2027_debt_principal:downside/id | None | downside_fy2027_debt_principal |
| /operating_model/cells/downside_fy2027_debt_principal:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_debt_principal:downside/label | None | Debt principal cash ($M) |
| /operating_model/cells/downside_fy2027_debt_principal:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_debt_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_debt_principal:downside/value | None | 28.0 |
| /operating_model/cells/downside_fy2027_fees:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_fees:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_fees:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_fees:downside/formula/refs/0 | None | downside_2027q1_fees |
| /operating_model/cells/downside_fy2027_fees:downside/formula/refs/1 | None | downside_2027q2_fees |
| /operating_model/cells/downside_fy2027_fees:downside/formula/refs/2 | None | downside_2027q3_fees |
| /operating_model/cells/downside_fy2027_fees:downside/formula/refs/3 | None | downside_2027q4_fees |
| /operating_model/cells/downside_fy2027_fees:downside/id | None | downside_fy2027_fees |
| /operating_model/cells/downside_fy2027_fees:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_fees:downside/label | None | Fee revenue ($M) |
| /operating_model/cells/downside_fy2027_fees:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_fees:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_fees:downside/value | None | 1295.0 |
| /operating_model/cells/downside_fy2027_lending_investment:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_lending_investment:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_lending_investment:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_lending_investment:downside/formula/refs/0 | None | downside_2027q1_lending_investment |
| /operating_model/cells/downside_fy2027_lending_investment:downside/formula/refs/1 | None | downside_2027q2_lending_investment |
| /operating_model/cells/downside_fy2027_lending_investment:downside/formula/refs/2 | None | downside_2027q3_lending_investment |
| /operating_model/cells/downside_fy2027_lending_investment:downside/formula/refs/3 | None | downside_2027q4_lending_investment |
| /operating_model/cells/downside_fy2027_lending_investment:downside/id | None | downside_fy2027_lending_investment |
| /operating_model/cells/downside_fy2027_lending_investment:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_lending_investment:downside/label | None | Net HFI loan investment ($M) |
| /operating_model/cells/downside_fy2027_lending_investment:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_lending_investment:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_lending_investment:downside/value | None | 180.0 |
| /operating_model/cells/downside_fy2027_operating_income:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_operating_income:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_operating_income:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/0 | None | downside_2027q1_operating_income |
| /operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/1 | None | downside_2027q2_operating_income |
| /operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/2 | None | downside_2027q3_operating_income |
| /operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/3 | None | downside_2027q4_operating_income |
| /operating_model/cells/downside_fy2027_operating_income:downside/id | None | downside_fy2027_operating_income |
| /operating_model/cells/downside_fy2027_operating_income:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_operating_income:downside/label | None | GAAP operating income proxy ($M) |
| /operating_model/cells/downside_fy2027_operating_income:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_operating_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_operating_income:downside/value | None | -192.74999999999994 |
| /operating_model/cells/downside_fy2027_revenue:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_revenue:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_revenue:downside/formula/refs/0 | None | downside_2027q1_revenue |
| /operating_model/cells/downside_fy2027_revenue:downside/formula/refs/1 | None | downside_2027q2_revenue |
| /operating_model/cells/downside_fy2027_revenue:downside/formula/refs/2 | None | downside_2027q3_revenue |
| /operating_model/cells/downside_fy2027_revenue:downside/formula/refs/3 | None | downside_2027q4_revenue |
| /operating_model/cells/downside_fy2027_revenue:downside/id | None | downside_fy2027_revenue |
| /operating_model/cells/downside_fy2027_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_revenue:downside/label | None | Total revenue ($M) |
| /operating_model/cells/downside_fy2027_revenue:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_revenue:downside/value | None | 1316.0 |
| /operating_model/cells/fy26_ebitda:shared/basis | None | Calculated midpoint of the company range; not an additional company forecast. |
| /operating_model/cells/fy26_ebitda:shared/case | None | shared |
| /operating_model/cells/fy26_ebitda:shared/formula/op | None | divide |
| /operating_model/cells/fy26_ebitda:shared/formula/refs/0 | None | fy26_ebitda_sum |
| /operating_model/cells/fy26_ebitda:shared/formula/refs/1 | None | two |
| /operating_model/cells/fy26_ebitda:shared/id | None | fy26_ebitda |
| /operating_model/cells/fy26_ebitda:shared/kind | None | derived |
| /operating_model/cells/fy26_ebitda:shared/label | None | FY2026 adjusted EBITDA outlook midpoint |
| /operating_model/cells/fy26_ebitda:shared/period | None | FY2026 |
| /operating_model/cells/fy26_ebitda:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_ebitda:shared/value | None | 294.0 |
| /operating_model/cells/fy26_ebitda_high:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/fy26_ebitda_high:shared/case | None | shared |
| /operating_model/cells/fy26_ebitda_high:shared/id | None | fy26_ebitda_high |
| /operating_model/cells/fy26_ebitda_high:shared/kind | None | management_guidance |
| /operating_model/cells/fy26_ebitda_high:shared/label | None | FY2026 adjusted EBITDA outlook high |
| /operating_model/cells/fy26_ebitda_high:shared/period | None | FY2026 |
| /operating_model/cells/fy26_ebitda_high:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/fy26_ebitda_high:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000062/upst991prq22026.htm |
| /operating_model/cells/fy26_ebitda_high:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_ebitda_high:shared/value | None | 294.0 |
| /operating_model/cells/fy26_ebitda_low:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/fy26_ebitda_low:shared/case | None | shared |
| /operating_model/cells/fy26_ebitda_low:shared/id | None | fy26_ebitda_low |
| /operating_model/cells/fy26_ebitda_low:shared/kind | None | management_guidance |
| /operating_model/cells/fy26_ebitda_low:shared/label | None | FY2026 adjusted EBITDA outlook low |
| /operating_model/cells/fy26_ebitda_low:shared/period | None | FY2026 |
| /operating_model/cells/fy26_ebitda_low:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/fy26_ebitda_low:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000062/upst991prq22026.htm |
| /operating_model/cells/fy26_ebitda_low:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_ebitda_low:shared/value | None | 294.0 |
| /operating_model/cells/fy26_ebitda_sum:shared/basis | None | Arithmetic intermediate. |
| /operating_model/cells/fy26_ebitda_sum:shared/case | None | shared |
| /operating_model/cells/fy26_ebitda_sum:shared/formula/op | None | sum |
| /operating_model/cells/fy26_ebitda_sum:shared/formula/refs/0 | None | fy26_ebitda_low |
| /operating_model/cells/fy26_ebitda_sum:shared/formula/refs/1 | None | fy26_ebitda_high |
| /operating_model/cells/fy26_ebitda_sum:shared/id | None | fy26_ebitda_sum |
| /operating_model/cells/fy26_ebitda_sum:shared/kind | None | derived |
| /operating_model/cells/fy26_ebitda_sum:shared/label | None | FY2026 adjusted EBITDA outlook endpoint sum |
| /operating_model/cells/fy26_ebitda_sum:shared/period | None | FY2026 |
| /operating_model/cells/fy26_ebitda_sum:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_ebitda_sum:shared/value | None | 588.0 |
| /operating_model/cells/fy26_fees:shared/basis | None | Calculated midpoint of the company range; not an additional company forecast. |
| /operating_model/cells/fy26_fees:shared/case | None | shared |
| /operating_model/cells/fy26_fees:shared/formula/op | None | divide |
| /operating_model/cells/fy26_fees:shared/formula/refs/0 | None | fy26_fees_sum |
| /operating_model/cells/fy26_fees:shared/formula/refs/1 | None | two |
| /operating_model/cells/fy26_fees:shared/id | None | fy26_fees |
| /operating_model/cells/fy26_fees:shared/kind | None | derived |
| /operating_model/cells/fy26_fees:shared/label | None | FY2026 fee outlook midpoint |
| /operating_model/cells/fy26_fees:shared/period | None | FY2026 |
| /operating_model/cells/fy26_fees:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_fees:shared/value | None | 1300.0 |
| /operating_model/cells/fy26_fees_high:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/fy26_fees_high:shared/case | None | shared |
| /operating_model/cells/fy26_fees_high:shared/id | None | fy26_fees_high |
| /operating_model/cells/fy26_fees_high:shared/kind | None | management_guidance |
| /operating_model/cells/fy26_fees_high:shared/label | None | FY2026 fee outlook high |
| /operating_model/cells/fy26_fees_high:shared/period | None | FY2026 |
| /operating_model/cells/fy26_fees_high:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/fy26_fees_high:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000062/upst991prq22026.htm |
| /operating_model/cells/fy26_fees_high:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_fees_high:shared/value | None | 1300.0 |
| /operating_model/cells/fy26_fees_low:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/fy26_fees_low:shared/case | None | shared |
| /operating_model/cells/fy26_fees_low:shared/id | None | fy26_fees_low |
| /operating_model/cells/fy26_fees_low:shared/kind | None | management_guidance |
| /operating_model/cells/fy26_fees_low:shared/label | None | FY2026 fee outlook low |
| /operating_model/cells/fy26_fees_low:shared/period | None | FY2026 |
| /operating_model/cells/fy26_fees_low:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/fy26_fees_low:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000062/upst991prq22026.htm |
| /operating_model/cells/fy26_fees_low:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_fees_low:shared/value | None | 1300.0 |
| /operating_model/cells/fy26_fees_sum:shared/basis | None | Arithmetic intermediate. |
| /operating_model/cells/fy26_fees_sum:shared/case | None | shared |
| /operating_model/cells/fy26_fees_sum:shared/formula/op | None | sum |
| /operating_model/cells/fy26_fees_sum:shared/formula/refs/0 | None | fy26_fees_low |
| /operating_model/cells/fy26_fees_sum:shared/formula/refs/1 | None | fy26_fees_high |
| /operating_model/cells/fy26_fees_sum:shared/id | None | fy26_fees_sum |
| /operating_model/cells/fy26_fees_sum:shared/kind | None | derived |
| /operating_model/cells/fy26_fees_sum:shared/label | None | FY2026 fee outlook endpoint sum |
| /operating_model/cells/fy26_fees_sum:shared/period | None | FY2026 |
| /operating_model/cells/fy26_fees_sum:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_fees_sum:shared/value | None | 2600.0 |
| /operating_model/cells/fy26_revenue:shared/basis | None | Calculated midpoint of the company range; not an additional company forecast. |
| /operating_model/cells/fy26_revenue:shared/case | None | shared |
| /operating_model/cells/fy26_revenue:shared/formula/op | None | divide |
| /operating_model/cells/fy26_revenue:shared/formula/refs/0 | None | fy26_revenue_sum |
| /operating_model/cells/fy26_revenue:shared/formula/refs/1 | None | two |
| /operating_model/cells/fy26_revenue:shared/id | None | fy26_revenue |
| /operating_model/cells/fy26_revenue:shared/kind | None | derived |
| /operating_model/cells/fy26_revenue:shared/label | None | FY2026 revenue outlook midpoint |
| /operating_model/cells/fy26_revenue:shared/period | None | FY2026 |
| /operating_model/cells/fy26_revenue:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_revenue:shared/value | None | 1400.0 |
| /operating_model/cells/fy26_revenue_high:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/fy26_revenue_high:shared/case | None | shared |
| /operating_model/cells/fy26_revenue_high:shared/id | None | fy26_revenue_high |
| /operating_model/cells/fy26_revenue_high:shared/kind | None | management_guidance |
| /operating_model/cells/fy26_revenue_high:shared/label | None | FY2026 revenue outlook high |
| /operating_model/cells/fy26_revenue_high:shared/period | None | FY2026 |
| /operating_model/cells/fy26_revenue_high:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/fy26_revenue_high:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000062/upst991prq22026.htm |
| /operating_model/cells/fy26_revenue_high:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_revenue_high:shared/value | None | 1400.0 |
| /operating_model/cells/fy26_revenue_low:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/fy26_revenue_low:shared/case | None | shared |
| /operating_model/cells/fy26_revenue_low:shared/id | None | fy26_revenue_low |
| /operating_model/cells/fy26_revenue_low:shared/kind | None | management_guidance |
| /operating_model/cells/fy26_revenue_low:shared/label | None | FY2026 revenue outlook low |
| /operating_model/cells/fy26_revenue_low:shared/period | None | FY2026 |
| /operating_model/cells/fy26_revenue_low:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/fy26_revenue_low:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000062/upst991prq22026.htm |
| /operating_model/cells/fy26_revenue_low:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_revenue_low:shared/value | None | 1400.0 |
| /operating_model/cells/fy26_revenue_sum:shared/basis | None | Arithmetic intermediate. |
| /operating_model/cells/fy26_revenue_sum:shared/case | None | shared |
| /operating_model/cells/fy26_revenue_sum:shared/formula/op | None | sum |
| /operating_model/cells/fy26_revenue_sum:shared/formula/refs/0 | None | fy26_revenue_low |
| /operating_model/cells/fy26_revenue_sum:shared/formula/refs/1 | None | fy26_revenue_high |
| /operating_model/cells/fy26_revenue_sum:shared/id | None | fy26_revenue_sum |
| /operating_model/cells/fy26_revenue_sum:shared/kind | None | derived |
| /operating_model/cells/fy26_revenue_sum:shared/label | None | FY2026 revenue outlook endpoint sum |
| /operating_model/cells/fy26_revenue_sum:shared/period | None | FY2026 |
| /operating_model/cells/fy26_revenue_sum:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_revenue_sum:shared/value | None | 2800.0 |
| /operating_model/cells/h1_adj_ebitda:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_adj_ebitda:shared/case | None | shared |
| /operating_model/cells/h1_adj_ebitda:shared/id | None | h1_adj_ebitda |
| /operating_model/cells/h1_adj_ebitda:shared/kind | None | reported |
| /operating_model/cells/h1_adj_ebitda:shared/label | None | H1 adj ebitda |
| /operating_model/cells/h1_adj_ebitda:shared/period | None | H1 2026 |
| /operating_model/cells/h1_adj_ebitda:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_adj_ebitda:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000062/upst991prq22026.htm |
| /operating_model/cells/h1_adj_ebitda:shared/unit | None | USD_millions |
| /operating_model/cells/h1_adj_ebitda:shared/value | None | 117.374 |
| /operating_model/cells/h1_asset_cash:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_asset_cash:shared/case | None | shared |
| /operating_model/cells/h1_asset_cash:shared/id | None | h1_asset_cash |
| /operating_model/cells/h1_asset_cash:shared/kind | None | reported |
| /operating_model/cells/h1_asset_cash:shared/label | None | H1 asset cash |
| /operating_model/cells/h1_asset_cash:shared/period | None | H1 2026 |
| /operating_model/cells/h1_asset_cash:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_asset_cash:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_asset_cash:shared/unit | None | USD_millions |
| /operating_model/cells/h1_asset_cash:shared/value | None | 131.67 |
| /operating_model/cells/h1_buybacks:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_buybacks:shared/case | None | shared |
| /operating_model/cells/h1_buybacks:shared/id | None | h1_buybacks |
| /operating_model/cells/h1_buybacks:shared/kind | None | reported |
| /operating_model/cells/h1_buybacks:shared/label | None | H1 buybacks |
| /operating_model/cells/h1_buybacks:shared/period | None | H1 2026 |
| /operating_model/cells/h1_buybacks:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_buybacks:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_buybacks:shared/unit | None | USD_millions |
| /operating_model/cells/h1_buybacks:shared/value | None | 100.057 |
| /operating_model/cells/h1_capex:shared/basis | None | Includes software investment. |
| /operating_model/cells/h1_capex:shared/case | None | shared |
| /operating_model/cells/h1_capex:shared/formula/op | None | sum |
| /operating_model/cells/h1_capex:shared/formula/refs/0 | None | h1_ppe |
| /operating_model/cells/h1_capex:shared/formula/refs/1 | None | h1_software |
| /operating_model/cells/h1_capex:shared/id | None | h1_capex |
| /operating_model/cells/h1_capex:shared/kind | None | derived |
| /operating_model/cells/h1_capex:shared/label | None | H1 cash capital expenditure |
| /operating_model/cells/h1_capex:shared/period | None | H1 2026 |
| /operating_model/cells/h1_capex:shared/unit | None | USD_millions |
| /operating_model/cells/h1_capex:shared/value | None | 13.241999999999999 |
| /operating_model/cells/h1_cash_after_claims:shared/basis | None | No duplicate deduction of HFS loan settlement. |
| /operating_model/cells/h1_cash_after_claims:shared/case | None | shared |
| /operating_model/cells/h1_cash_after_claims:shared/formula/op | None | subtract |
| /operating_model/cells/h1_cash_after_claims:shared/formula/refs/0 | None | h1_cash_available |
| /operating_model/cells/h1_cash_after_claims:shared/formula/refs/1 | None | h1_cash_uses |
| /operating_model/cells/h1_cash_after_claims:shared/id | None | h1_cash_after_claims |
| /operating_model/cells/h1_cash_after_claims:shared/kind | None | derived |
| /operating_model/cells/h1_cash_after_claims:shared/label | None | H1 cash after lending and capital claims |
| /operating_model/cells/h1_cash_after_claims:shared/period | None | H1 2026 |
| /operating_model/cells/h1_cash_after_claims:shared/unit | None | USD_millions |
| /operating_model/cells/h1_cash_after_claims:shared/value | None | -543.01 |
| /operating_model/cells/h1_cash_available:shared/basis | None | Other asset cash = net beneficial investment receipts, notes/residual collections and credit-line repayments. |
| /operating_model/cells/h1_cash_available:shared/case | None | shared |
| /operating_model/cells/h1_cash_available:shared/formula/op | None | sum |
| /operating_model/cells/h1_cash_available:shared/formula/refs/0 | None | h1_cfo |
| /operating_model/cells/h1_cash_available:shared/formula/refs/1 | None | h1_asset_cash |
| /operating_model/cells/h1_cash_available:shared/id | None | h1_cash_available |
| /operating_model/cells/h1_cash_available:shared/kind | None | derived |
| /operating_model/cells/h1_cash_available:shared/label | None | CFO plus other asset receipts |
| /operating_model/cells/h1_cash_available:shared/period | None | H1 2026 |
| /operating_model/cells/h1_cash_available:shared/unit | None | USD_millions |
| /operating_model/cells/h1_cash_available:shared/value | None | -138.259 |
| /operating_model/cells/h1_cash_before_settlement:shared/basis | None | Analytical adjustment only; still contains other nonrecurring and working-capital movements. |
| /operating_model/cells/h1_cash_before_settlement:shared/case | None | shared |
| /operating_model/cells/h1_cash_before_settlement:shared/formula/op | None | sum |
| /operating_model/cells/h1_cash_before_settlement:shared/formula/refs/0 | None | h1_cfo |
| /operating_model/cells/h1_cash_before_settlement:shared/formula/refs/1 | None | h1_hfs_funding |
| /operating_model/cells/h1_cash_before_settlement:shared/id | None | h1_cash_before_settlement |
| /operating_model/cells/h1_cash_before_settlement:shared/kind | None | derived |
| /operating_model/cells/h1_cash_before_settlement:shared/label | None | H1 CFO excluding operating loan settlement |
| /operating_model/cells/h1_cash_before_settlement:shared/period | None | H1 2026 |
| /operating_model/cells/h1_cash_before_settlement:shared/unit | None | USD_millions |
| /operating_model/cells/h1_cash_before_settlement:shared/value | None | 137.03299999999956 |
| /operating_model/cells/h1_cash_uses:shared/basis | None | Before new borrowing, investor payables and equity receipts. |
| /operating_model/cells/h1_cash_uses:shared/case | None | shared |
| /operating_model/cells/h1_cash_uses:shared/formula/op | None | sum |
| /operating_model/cells/h1_cash_uses:shared/formula/refs/0 | None | h1_capex |
| /operating_model/cells/h1_cash_uses:shared/formula/refs/1 | None | h1_lending_investment |
| /operating_model/cells/h1_cash_uses:shared/formula/refs/2 | None | h1_debt_principal |
| /operating_model/cells/h1_cash_uses:shared/formula/refs/3 | None | h1_buybacks |
| /operating_model/cells/h1_cash_uses:shared/id | None | h1_cash_uses |
| /operating_model/cells/h1_cash_uses:shared/kind | None | derived |
| /operating_model/cells/h1_cash_uses:shared/label | None | Investment and capital claims |
| /operating_model/cells/h1_cash_uses:shared/period | None | H1 2026 |
| /operating_model/cells/h1_cash_uses:shared/unit | None | USD_millions |
| /operating_model/cells/h1_cash_uses:shared/value | None | 404.75100000000003 |
| /operating_model/cells/h1_cfo:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_cfo:shared/case | None | shared |
| /operating_model/cells/h1_cfo:shared/id | None | h1_cfo |
| /operating_model/cells/h1_cfo:shared/kind | None | reported |
| /operating_model/cells/h1_cfo:shared/label | None | H1 cfo |
| /operating_model/cells/h1_cfo:shared/period | None | H1 2026 |
| /operating_model/cells/h1_cfo:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_cfo:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_cfo:shared/unit | None | USD_millions |
| /operating_model/cells/h1_cfo:shared/value | None | -269.929 |
| /operating_model/cells/h1_contribution:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_contribution:shared/case | None | shared |
| /operating_model/cells/h1_contribution:shared/id | None | h1_contribution |
| /operating_model/cells/h1_contribution:shared/kind | None | reported |
| /operating_model/cells/h1_contribution:shared/label | None | H1 contribution |
| /operating_model/cells/h1_contribution:shared/period | None | H1 2026 |
| /operating_model/cells/h1_contribution:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_contribution:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000062/upst991prq22026.htm |
| /operating_model/cells/h1_contribution:shared/unit | None | USD_millions |
| /operating_model/cells/h1_contribution:shared/value | None | 330.405 |
| /operating_model/cells/h1_convert_interest:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_convert_interest:shared/case | None | shared |
| /operating_model/cells/h1_convert_interest:shared/id | None | h1_convert_interest |
| /operating_model/cells/h1_convert_interest:shared/kind | None | reported |
| /operating_model/cells/h1_convert_interest:shared/label | None | H1 convert interest |
| /operating_model/cells/h1_convert_interest:shared/period | None | H1 2026 |
| /operating_model/cells/h1_convert_interest:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_convert_interest:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000062/upst991prq22026.htm |
| /operating_model/cells/h1_convert_interest:shared/unit | None | USD_millions |
| /operating_model/cells/h1_convert_interest:shared/value | None | 10.128 |
| /operating_model/cells/h1_da:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_da:shared/case | None | shared |
| /operating_model/cells/h1_da:shared/id | None | h1_da |
| /operating_model/cells/h1_da:shared/kind | None | reported |
| /operating_model/cells/h1_da:shared/label | None | H1 da |
| /operating_model/cells/h1_da:shared/period | None | H1 2026 |
| /operating_model/cells/h1_da:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_da:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_da:shared/unit | None | USD_millions |
| /operating_model/cells/h1_da:shared/value | None | 12.984 |
| /operating_model/cells/h1_debt_principal:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_debt_principal:shared/case | None | shared |
| /operating_model/cells/h1_debt_principal:shared/id | None | h1_debt_principal |
| /operating_model/cells/h1_debt_principal:shared/kind | None | reported |
| /operating_model/cells/h1_debt_principal:shared/label | None | H1 debt principal |
| /operating_model/cells/h1_debt_principal:shared/period | None | H1 2026 |
| /operating_model/cells/h1_debt_principal:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_debt_principal:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_debt_principal:shared/unit | None | USD_millions |
| /operating_model/cells/h1_debt_principal:shared/value | None | 267.982 |
| /operating_model/cells/h1_ebitda_bridge:shared/basis | None | Net other income is after convertible interest; reconciliation adds that expense back. |
| /operating_model/cells/h1_ebitda_bridge:shared/case | None | shared |
| /operating_model/cells/h1_ebitda_bridge:shared/formula/op | None | sum |
| /operating_model/cells/h1_ebitda_bridge:shared/formula/refs/0 | None | h1_operating_income |
| /operating_model/cells/h1_ebitda_bridge:shared/formula/refs/1 | None | h1_net_other_income |
| /operating_model/cells/h1_ebitda_bridge:shared/formula/refs/2 | None | h1_sbc_related |
| /operating_model/cells/h1_ebitda_bridge:shared/formula/refs/3 | None | h1_da |
| /operating_model/cells/h1_ebitda_bridge:shared/formula/refs/4 | None | h1_reorg |
| /operating_model/cells/h1_ebitda_bridge:shared/formula/refs/5 | None | h1_convert_interest |
| /operating_model/cells/h1_ebitda_bridge:shared/id | None | h1_ebitda_bridge |
| /operating_model/cells/h1_ebitda_bridge:shared/kind | None | derived |
| /operating_model/cells/h1_ebitda_bridge:shared/label | None | H1 adjusted EBITDA reconstruction |
| /operating_model/cells/h1_ebitda_bridge:shared/period | None | H1 2026 |
| /operating_model/cells/h1_ebitda_bridge:shared/unit | None | USD_millions |
| /operating_model/cells/h1_ebitda_bridge:shared/value | None | 117.374 |
| /operating_model/cells/h1_fees:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_fees:shared/case | None | shared |
| /operating_model/cells/h1_fees:shared/id | None | h1_fees |
| /operating_model/cells/h1_fees:shared/kind | None | reported |
| /operating_model/cells/h1_fees:shared/label | None | H1 fees |
| /operating_model/cells/h1_fees:shared/period | None | H1 2026 |
| /operating_model/cells/h1_fees:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_fees:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_fees:shared/unit | None | USD_millions |
| /operating_model/cells/h1_fees:shared/value | None | 625.082 |
| /operating_model/cells/h1_hfs_cash_in:shared/basis | None | All four loan-settlement lines classified within CFO. |
| /operating_model/cells/h1_hfs_cash_in:shared/case | None | shared |
| /operating_model/cells/h1_hfs_cash_in:shared/formula/op | None | sum |
| /operating_model/cells/h1_hfs_cash_in:shared/formula/refs/0 | None | h1_hfs_sales |
| /operating_model/cells/h1_hfs_cash_in:shared/formula/refs/1 | None | h1_hfs_principal |
| /operating_model/cells/h1_hfs_cash_in:shared/formula/refs/2 | None | h1_securitized_principal_receipts |
| /operating_model/cells/h1_hfs_cash_in:shared/id | None | h1_hfs_cash_in |
| /operating_model/cells/h1_hfs_cash_in:shared/kind | None | derived |
| /operating_model/cells/h1_hfs_cash_in:shared/label | None | H1 HFS/securitized loan cash receipts |
| /operating_model/cells/h1_hfs_cash_in:shared/period | None | H1 2026 |
| /operating_model/cells/h1_hfs_cash_in:shared/unit | None | USD_millions |
| /operating_model/cells/h1_hfs_cash_in:shared/value | None | 5642.9130000000005 |
| /operating_model/cells/h1_hfs_funding:shared/basis | None | Loan purchases less sale/principal collections, including consolidated securitized principal receipts. |
| /operating_model/cells/h1_hfs_funding:shared/case | None | shared |
| /operating_model/cells/h1_hfs_funding:shared/formula/op | None | subtract |
| /operating_model/cells/h1_hfs_funding:shared/formula/refs/0 | None | h1_hfs_purchases |
| /operating_model/cells/h1_hfs_funding:shared/formula/refs/1 | None | h1_hfs_cash_in |
| /operating_model/cells/h1_hfs_funding:shared/id | None | h1_hfs_funding |
| /operating_model/cells/h1_hfs_funding:shared/kind | None | derived |
| /operating_model/cells/h1_hfs_funding:shared/label | None | H1 net operating loan funding |
| /operating_model/cells/h1_hfs_funding:shared/period | None | H1 2026 |
| /operating_model/cells/h1_hfs_funding:shared/unit | None | USD_millions |
| /operating_model/cells/h1_hfs_funding:shared/value | None | 406.96199999999953 |
| /operating_model/cells/h1_hfs_principal:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_hfs_principal:shared/case | None | shared |
| /operating_model/cells/h1_hfs_principal:shared/id | None | h1_hfs_principal |
| /operating_model/cells/h1_hfs_principal:shared/kind | None | reported |
| /operating_model/cells/h1_hfs_principal:shared/label | None | H1 hfs principal |
| /operating_model/cells/h1_hfs_principal:shared/period | None | H1 2026 |
| /operating_model/cells/h1_hfs_principal:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_hfs_principal:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_hfs_principal:shared/unit | None | USD_millions |
| /operating_model/cells/h1_hfs_principal:shared/value | None | 95.627 |
| /operating_model/cells/h1_hfs_purchases:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_hfs_purchases:shared/case | None | shared |
| /operating_model/cells/h1_hfs_purchases:shared/id | None | h1_hfs_purchases |
| /operating_model/cells/h1_hfs_purchases:shared/kind | None | reported |
| /operating_model/cells/h1_hfs_purchases:shared/label | None | H1 hfs purchases |
| /operating_model/cells/h1_hfs_purchases:shared/period | None | H1 2026 |
| /operating_model/cells/h1_hfs_purchases:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_hfs_purchases:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_hfs_purchases:shared/unit | None | USD_millions |
| /operating_model/cells/h1_hfs_purchases:shared/value | None | 6049.875 |
| /operating_model/cells/h1_hfs_sales:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_hfs_sales:shared/case | None | shared |
| /operating_model/cells/h1_hfs_sales:shared/id | None | h1_hfs_sales |
| /operating_model/cells/h1_hfs_sales:shared/kind | None | reported |
| /operating_model/cells/h1_hfs_sales:shared/label | None | H1 hfs sales |
| /operating_model/cells/h1_hfs_sales:shared/period | None | H1 2026 |
| /operating_model/cells/h1_hfs_sales:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_hfs_sales:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_hfs_sales:shared/unit | None | USD_millions |
| /operating_model/cells/h1_hfs_sales:shared/value | None | 5532.144 |
| /operating_model/cells/h1_lending_investment:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_lending_investment:shared/case | None | shared |
| /operating_model/cells/h1_lending_investment:shared/id | None | h1_lending_investment |
| /operating_model/cells/h1_lending_investment:shared/kind | None | reported |
| /operating_model/cells/h1_lending_investment:shared/label | None | H1 lending investment |
| /operating_model/cells/h1_lending_investment:shared/period | None | H1 2026 |
| /operating_model/cells/h1_lending_investment:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_lending_investment:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_lending_investment:shared/unit | None | USD_millions |
| /operating_model/cells/h1_lending_investment:shared/value | None | 23.47 |
| /operating_model/cells/h1_net_other_income:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_net_other_income:shared/case | None | shared |
| /operating_model/cells/h1_net_other_income:shared/id | None | h1_net_other_income |
| /operating_model/cells/h1_net_other_income:shared/kind | None | reported |
| /operating_model/cells/h1_net_other_income:shared/label | None | H1 net other income |
| /operating_model/cells/h1_net_other_income:shared/period | None | H1 2026 |
| /operating_model/cells/h1_net_other_income:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_net_other_income:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_net_other_income:shared/unit | None | USD_millions |
| /operating_model/cells/h1_net_other_income:shared/value | None | 3.47 |
| /operating_model/cells/h1_operating_income:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_operating_income:shared/case | None | shared |
| /operating_model/cells/h1_operating_income:shared/id | None | h1_operating_income |
| /operating_model/cells/h1_operating_income:shared/kind | None | reported |
| /operating_model/cells/h1_operating_income:shared/label | None | H1 operating income |
| /operating_model/cells/h1_operating_income:shared/period | None | H1 2026 |
| /operating_model/cells/h1_operating_income:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_operating_income:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_operating_income:shared/unit | None | USD_millions |
| /operating_model/cells/h1_operating_income:shared/value | None | 7.121 |
| /operating_model/cells/h1_ppe:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_ppe:shared/case | None | shared |
| /operating_model/cells/h1_ppe:shared/id | None | h1_ppe |
| /operating_model/cells/h1_ppe:shared/kind | None | reported |
| /operating_model/cells/h1_ppe:shared/label | None | H1 ppe |
| /operating_model/cells/h1_ppe:shared/period | None | H1 2026 |
| /operating_model/cells/h1_ppe:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_ppe:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_ppe:shared/unit | None | USD_millions |
| /operating_model/cells/h1_ppe:shared/value | None | 4.808 |
| /operating_model/cells/h1_reorg:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_reorg:shared/case | None | shared |
| /operating_model/cells/h1_reorg:shared/id | None | h1_reorg |
| /operating_model/cells/h1_reorg:shared/kind | None | reported |
| /operating_model/cells/h1_reorg:shared/label | None | H1 reorg |
| /operating_model/cells/h1_reorg:shared/period | None | H1 2026 |
| /operating_model/cells/h1_reorg:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_reorg:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000062/upst991prq22026.htm |
| /operating_model/cells/h1_reorg:shared/unit | None | USD_millions |
| /operating_model/cells/h1_reorg:shared/value | None | 1.678 |
| /operating_model/cells/h1_revenue:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_revenue:shared/case | None | shared |
| /operating_model/cells/h1_revenue:shared/id | None | h1_revenue |
| /operating_model/cells/h1_revenue:shared/kind | None | reported |
| /operating_model/cells/h1_revenue:shared/label | None | H1 revenue |
| /operating_model/cells/h1_revenue:shared/period | None | H1 2026 |
| /operating_model/cells/h1_revenue:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_revenue:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_revenue:shared/unit | None | USD_millions |
| /operating_model/cells/h1_revenue:shared/value | None | 672.922 |
| /operating_model/cells/h1_sbc:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_sbc:shared/case | None | shared |
| /operating_model/cells/h1_sbc:shared/id | None | h1_sbc |
| /operating_model/cells/h1_sbc:shared/kind | None | reported |
| /operating_model/cells/h1_sbc:shared/label | None | H1 sbc |
| /operating_model/cells/h1_sbc:shared/period | None | H1 2026 |
| /operating_model/cells/h1_sbc:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_sbc:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_sbc:shared/unit | None | USD_millions |
| /operating_model/cells/h1_sbc:shared/value | None | 79.277 |
| /operating_model/cells/h1_sbc_related:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_sbc_related:shared/case | None | shared |
| /operating_model/cells/h1_sbc_related:shared/id | None | h1_sbc_related |
| /operating_model/cells/h1_sbc_related:shared/kind | None | reported |
| /operating_model/cells/h1_sbc_related:shared/label | None | H1 sbc related |
| /operating_model/cells/h1_sbc_related:shared/period | None | H1 2026 |
| /operating_model/cells/h1_sbc_related:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_sbc_related:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000062/upst991prq22026.htm |
| /operating_model/cells/h1_sbc_related:shared/unit | None | USD_millions |
| /operating_model/cells/h1_sbc_related:shared/value | None | 81.993 |
| /operating_model/cells/h1_securitized_principal_receipts:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_securitized_principal_receipts:shared/case | None | shared |
| /operating_model/cells/h1_securitized_principal_receipts:shared/id | None | h1_securitized_principal_receipts |
| /operating_model/cells/h1_securitized_principal_receipts:shared/kind | None | reported |
| /operating_model/cells/h1_securitized_principal_receipts:shared/label | None | H1 securitized principal receipts |
| /operating_model/cells/h1_securitized_principal_receipts:shared/period | None | H1 2026 |
| /operating_model/cells/h1_securitized_principal_receipts:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_securitized_principal_receipts:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_securitized_principal_receipts:shared/unit | None | USD_millions |
| /operating_model/cells/h1_securitized_principal_receipts:shared/value | None | 15.142 |
| /operating_model/cells/h1_software:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_software:shared/case | None | shared |
| /operating_model/cells/h1_software:shared/id | None | h1_software |
| /operating_model/cells/h1_software:shared/kind | None | reported |
| /operating_model/cells/h1_software:shared/label | None | H1 software |
| /operating_model/cells/h1_software:shared/period | None | H1 2026 |
| /operating_model/cells/h1_software:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_software:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/h1_software:shared/unit | None | USD_millions |
| /operating_model/cells/h1_software:shared/value | None | 8.434 |
| /operating_model/cells/july_volume:shared/basis | None | Preliminary company originations; USD millions, not revenue. |
| /operating_model/cells/july_volume:shared/case | None | shared |
| /operating_model/cells/july_volume:shared/id | None | july_volume |
| /operating_model/cells/july_volume:shared/kind | None | reported |
| /operating_model/cells/july_volume:shared/label | None | July facilitated principal |
| /operating_model/cells/july_volume:shared/period | None | July 2026 |
| /operating_model/cells/july_volume:shared/source_date | None | 2026-08-03 |
| /operating_model/cells/july_volume:shared/source_url | None | https://ir.upstart.com/news-releases/news-release-details/upstart-publishes-july-2026-originations-and-latest-umi |
| /operating_model/cells/july_volume:shared/unit | None | USD_millions |
| /operating_model/cells/july_volume:shared/value | None | 1397.4 |
| /operating_model/cells/loan_fair_value:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/loan_fair_value:shared/case | None | shared |
| /operating_model/cells/loan_fair_value:shared/id | None | loan_fair_value |
| /operating_model/cells/loan_fair_value:shared/kind | None | reported |
| /operating_model/cells/loan_fair_value:shared/label | None | loan fair value |
| /operating_model/cells/loan_fair_value:shared/period | None | June 2026 |
| /operating_model/cells/loan_fair_value:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/loan_fair_value:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/loan_fair_value:shared/unit | None | USD_millions |
| /operating_model/cells/loan_fair_value:shared/value | None | 1064.239 |
| /operating_model/cells/q2_secured_fee:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/q2_secured_fee:shared/case | None | shared |
| /operating_model/cells/q2_secured_fee:shared/id | None | q2_secured_fee |
| /operating_model/cells/q2_secured_fee:shared/kind | None | reported |
| /operating_model/cells/q2_secured_fee:shared/label | None | q2 secured fee |
| /operating_model/cells/q2_secured_fee:shared/period | None | June 2026 |
| /operating_model/cells/q2_secured_fee:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/q2_secured_fee:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/q2_secured_fee:shared/unit | None | USD_millions |
| /operating_model/cells/q2_secured_fee:shared/value | None | 21.718 |
| /operating_model/cells/q2_unsecured_fee:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/q2_unsecured_fee:shared/case | None | shared |
| /operating_model/cells/q2_unsecured_fee:shared/id | None | q2_unsecured_fee |
| /operating_model/cells/q2_unsecured_fee:shared/kind | None | reported |
| /operating_model/cells/q2_unsecured_fee:shared/label | None | q2 unsecured fee |
| /operating_model/cells/q2_unsecured_fee:shared/period | None | June 2026 |
| /operating_model/cells/q2_unsecured_fee:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/q2_unsecured_fee:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/q2_unsecured_fee:shared/unit | None | USD_millions |
| /operating_model/cells/q2_unsecured_fee:shared/value | None | 326.301 |
| /operating_model/cells/q2_volume:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/q2_volume:shared/case | None | shared |
| /operating_model/cells/q2_volume:shared/id | None | q2_volume |
| /operating_model/cells/q2_volume:shared/kind | None | reported |
| /operating_model/cells/q2_volume:shared/label | None | q2 volume |
| /operating_model/cells/q2_volume:shared/period | None | June 2026 |
| /operating_model/cells/q2_volume:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/q2_volume:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/q2_volume:shared/unit | None | USD_millions |
| /operating_model/cells/q2_volume:shared/value | None | 4227.174 |
| /operating_model/cells/restricted_cash:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/restricted_cash:shared/case | None | shared |
| /operating_model/cells/restricted_cash:shared/id | None | restricted_cash |
| /operating_model/cells/restricted_cash:shared/kind | None | reported |
| /operating_model/cells/restricted_cash:shared/label | None | restricted cash |
| /operating_model/cells/restricted_cash:shared/period | None | June 2026 |
| /operating_model/cells/restricted_cash:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/restricted_cash:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /operating_model/cells/restricted_cash:shared/unit | None | USD_millions |
| /operating_model/cells/restricted_cash:shared/value | None | 526.32 |
| /operating_model/cells/two:shared/basis | None | Arithmetic constant. |
| /operating_model/cells/two:shared/case | None | shared |
| /operating_model/cells/two:shared/id | None | two |
| /operating_model/cells/two:shared/kind | None | assumption |
| /operating_model/cells/two:shared/label | None | Midpoint divisor |
| /operating_model/cells/two:shared/period | None | Model |
| /operating_model/cells/two:shared/unit | None | ratio |
| /operating_model/cells/two:shared/value | None | 2.0 |
| /operating_model/cells/upside_2026q3_activity:upside/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/upside_2026q3_activity:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_activity:upside/formula/op | None | divide |
| /operating_model/cells/upside_2026q3_activity:upside/formula/refs/0 | None | upside_2026q3_volume |
| /operating_model/cells/upside_2026q3_activity:upside/formula/refs/1 | None | q2_volume |
| /operating_model/cells/upside_2026q3_activity:upside/id | None | upside_2026q3_activity |
| /operating_model/cells/upside_2026q3_activity:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_activity:upside/label | None | Activity versus Q2 |
| /operating_model/cells/upside_2026q3_activity:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_activity:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_activity:upside/value | None | 1.0029158960572713 |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/formula/refs/0 | None | upside_2026q3_contribution_plus_balance |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/formula/refs/1 | None | upside_2026q3_fixed_adjusted_cost |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/id | None | upside_2026q3_adj_ebitda |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/value | None | 119.63999999999996 |
| /operating_model/cells/upside_2026q3_asset_cash:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_asset_cash:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_asset_cash:upside/id | None | upside_2026q3_asset_cash |
| /operating_model/cells/upside_2026q3_asset_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_asset_cash:upside/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/upside_2026q3_asset_cash:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_asset_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_asset_cash:upside/value | None | 40.0 |
| /operating_model/cells/upside_2026q3_available_cash:upside/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/upside_2026q3_available_cash:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_available_cash:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_available_cash:upside/formula/refs/0 | None | upside_2026q3_cfo |
| /operating_model/cells/upside_2026q3_available_cash:upside/formula/refs/1 | None | upside_2026q3_asset_cash |
| /operating_model/cells/upside_2026q3_available_cash:upside/id | None | upside_2026q3_available_cash |
| /operating_model/cells/upside_2026q3_available_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_available_cash:upside/label | None | CFO plus asset receipts |
| /operating_model/cells/upside_2026q3_available_cash:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_available_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_available_cash:upside/value | None | 114.63999999999996 |
| /operating_model/cells/upside_2026q3_balance_cost:upside/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/upside_2026q3_balance_cost:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_balance_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_balance_cost:upside/formula/refs/0 | None | upside_2026q3_funding_interest |
| /operating_model/cells/upside_2026q3_balance_cost:upside/formula/refs/1 | None | upside_2026q3_fair_value_loss |
| /operating_model/cells/upside_2026q3_balance_cost:upside/id | None | upside_2026q3_balance_cost |
| /operating_model/cells/upside_2026q3_balance_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_balance_cost:upside/label | None | Funding and fair-value costs |
| /operating_model/cells/upside_2026q3_balance_cost:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_balance_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_balance_cost:upside/value | None | 25.0 |
| /operating_model/cells/upside_2026q3_buybacks:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_buybacks:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_buybacks:upside/id | None | upside_2026q3_buybacks |
| /operating_model/cells/upside_2026q3_buybacks:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_buybacks:upside/label | None | Optional repurchases |
| /operating_model/cells/upside_2026q3_buybacks:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_buybacks:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_buybacks:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q3_capex:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_capex:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_capex:upside/id | None | upside_2026q3_capex |
| /operating_model/cells/upside_2026q3_capex:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_capex:upside/label | None | Cash PP&E and software |
| /operating_model/cells/upside_2026q3_capex:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_capex:upside/value | None | 8.0 |
| /operating_model/cells/upside_2026q3_cash_after_claims:upside/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/upside_2026q3_cash_after_claims:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_cash_after_claims:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_cash_after_claims:upside/formula/refs/0 | None | upside_2026q3_available_cash |
| /operating_model/cells/upside_2026q3_cash_after_claims:upside/formula/refs/1 | None | upside_2026q3_investment_and_claims |
| /operating_model/cells/upside_2026q3_cash_after_claims:upside/id | None | upside_2026q3_cash_after_claims |
| /operating_model/cells/upside_2026q3_cash_after_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_cash_after_claims:upside/label | None | Cash after lending and capital claims |
| /operating_model/cells/upside_2026q3_cash_after_claims:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_cash_after_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_cash_after_claims:upside/value | None | 18.09599999999996 |
| /operating_model/cells/upside_2026q3_cash_before_settlement:upside/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/upside_2026q3_cash_before_settlement:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_cash_before_settlement:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_cash_before_settlement:upside/formula/refs/0 | None | upside_2026q3_operating_noncash_bridge |
| /operating_model/cells/upside_2026q3_cash_before_settlement:upside/formula/refs/1 | None | upside_2026q3_cash_timing |
| /operating_model/cells/upside_2026q3_cash_before_settlement:upside/id | None | upside_2026q3_cash_before_settlement |
| /operating_model/cells/upside_2026q3_cash_before_settlement:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_cash_before_settlement:upside/label | None | Cash before operating loan settlement |
| /operating_model/cells/upside_2026q3_cash_before_settlement:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_cash_before_settlement:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_cash_before_settlement:upside/value | None | 104.63999999999996 |
| /operating_model/cells/upside_2026q3_cash_tax:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_cash_tax:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_cash_tax:upside/id | None | upside_2026q3_cash_tax |
| /operating_model/cells/upside_2026q3_cash_tax:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_cash_tax:upside/label | None | Cash tax |
| /operating_model/cells/upside_2026q3_cash_tax:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_cash_tax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_cash_tax:upside/value | None | 3.0 |
| /operating_model/cells/upside_2026q3_cash_timing:upside/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/upside_2026q3_cash_timing:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_cash_timing:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_cash_timing:upside/formula/refs/0 | None | upside_2026q3_cash_tax |
| /operating_model/cells/upside_2026q3_cash_timing:upside/formula/refs/1 | None | upside_2026q3_corporate_net_interest_cash |
| /operating_model/cells/upside_2026q3_cash_timing:upside/formula/refs/2 | None | upside_2026q3_working_capital_use |
| /operating_model/cells/upside_2026q3_cash_timing:upside/id | None | upside_2026q3_cash_timing |
| /operating_model/cells/upside_2026q3_cash_timing:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_cash_timing:upside/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/upside_2026q3_cash_timing:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_cash_timing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_cash_timing:upside/value | None | 19.0 |
| /operating_model/cells/upside_2026q3_cfo:upside/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/upside_2026q3_cfo:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_cfo:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_cfo:upside/formula/refs/0 | None | upside_2026q3_cash_before_settlement |
| /operating_model/cells/upside_2026q3_cfo:upside/formula/refs/1 | None | upside_2026q3_hfs_funding |
| /operating_model/cells/upside_2026q3_cfo:upside/id | None | upside_2026q3_cfo |
| /operating_model/cells/upside_2026q3_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_cfo:upside/label | None | CFO after operating loan settlement |
| /operating_model/cells/upside_2026q3_cfo:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_cfo:upside/value | None | 74.63999999999996 |
| /operating_model/cells/upside_2026q3_contribution:upside/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/upside_2026q3_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_contribution:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_contribution:upside/formula/refs/0 | None | upside_2026q3_unsecured_contribution |
| /operating_model/cells/upside_2026q3_contribution:upside/formula/refs/1 | None | upside_2026q3_secured_contribution |
| /operating_model/cells/upside_2026q3_contribution:upside/id | None | upside_2026q3_contribution |
| /operating_model/cells/upside_2026q3_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_contribution:upside/label | None | Fee contribution profit |
| /operating_model/cells/upside_2026q3_contribution:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_contribution:upside/value | None | 206.63999999999996 |
| /operating_model/cells/upside_2026q3_contribution_plus_balance:upside/basis | None | Direct fee costs already removed. |
| /operating_model/cells/upside_2026q3_contribution_plus_balance:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_contribution_plus_balance:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_contribution_plus_balance:upside/formula/refs/0 | None | upside_2026q3_contribution |
| /operating_model/cells/upside_2026q3_contribution_plus_balance:upside/formula/refs/1 | None | upside_2026q3_net_balance_revenue |
| /operating_model/cells/upside_2026q3_contribution_plus_balance:upside/id | None | upside_2026q3_contribution_plus_balance |
| /operating_model/cells/upside_2026q3_contribution_plus_balance:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_contribution_plus_balance:upside/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/upside_2026q3_contribution_plus_balance:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_contribution_plus_balance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_contribution_plus_balance:upside/value | None | 244.63999999999996 |
| /operating_model/cells/upside_2026q3_convert_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_convert_interest:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_convert_interest:upside/id | None | upside_2026q3_convert_interest |
| /operating_model/cells/upside_2026q3_convert_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_convert_interest:upside/label | None | Convertible GAAP interest |
| /operating_model/cells/upside_2026q3_convert_interest:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_convert_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_convert_interest:upside/value | None | 4.5 |
| /operating_model/cells/upside_2026q3_corporate_net_interest_cash:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_corporate_net_interest_cash:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_corporate_net_interest_cash:upside/id | None | upside_2026q3_corporate_net_interest_cash |
| /operating_model/cells/upside_2026q3_corporate_net_interest_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_corporate_net_interest_cash:upside/label | None | Net corporate cash interest |
| /operating_model/cells/upside_2026q3_corporate_net_interest_cash:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_corporate_net_interest_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_corporate_net_interest_cash:upside/value | None | 1.0 |
| /operating_model/cells/upside_2026q3_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_da:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_da:upside/id | None | upside_2026q3_da |
| /operating_model/cells/upside_2026q3_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_da:upside/label | None | Depreciation and amortization |
| /operating_model/cells/upside_2026q3_da:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_da:upside/value | None | 7.0 |
| /operating_model/cells/upside_2026q3_debt_principal:upside/basis | None | Assumes August note cash settlement; actual post-maturity confirmation pending. |
| /operating_model/cells/upside_2026q3_debt_principal:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_debt_principal:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_debt_principal:upside/formula/refs/0 | None | august_note |
| /operating_model/cells/upside_2026q3_debt_principal:upside/formula/refs/1 | None | upside_2026q3_other_principal |
| /operating_model/cells/upside_2026q3_debt_principal:upside/id | None | upside_2026q3_debt_principal |
| /operating_model/cells/upside_2026q3_debt_principal:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_debt_principal:upside/label | None | Debt principal payment |
| /operating_model/cells/upside_2026q3_debt_principal:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_debt_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_debt_principal:upside/value | None | 73.544 |
| /operating_model/cells/upside_2026q3_ebitda_exclusions:upside/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/upside_2026q3_ebitda_exclusions:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_ebitda_exclusions:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_ebitda_exclusions:upside/formula/refs/0 | None | upside_2026q3_sbc |
| /operating_model/cells/upside_2026q3_ebitda_exclusions:upside/formula/refs/1 | None | upside_2026q3_payroll |
| /operating_model/cells/upside_2026q3_ebitda_exclusions:upside/formula/refs/2 | None | upside_2026q3_da |
| /operating_model/cells/upside_2026q3_ebitda_exclusions:upside/formula/refs/3 | None | upside_2026q3_convert_interest |
| /operating_model/cells/upside_2026q3_ebitda_exclusions:upside/formula/refs/4 | None | upside_2026q3_net_other_income |
| /operating_model/cells/upside_2026q3_ebitda_exclusions:upside/id | None | upside_2026q3_ebitda_exclusions |
| /operating_model/cells/upside_2026q3_ebitda_exclusions:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_ebitda_exclusions:upside/label | None | GAAP bridge exclusions |
| /operating_model/cells/upside_2026q3_ebitda_exclusions:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_ebitda_exclusions:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_ebitda_exclusions:upside/value | None | 58.0 |
| /operating_model/cells/upside_2026q3_fair_value_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_fair_value_loss:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_fair_value_loss:upside/id | None | upside_2026q3_fair_value_loss |
| /operating_model/cells/upside_2026q3_fair_value_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_fair_value_loss:upside/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/upside_2026q3_fair_value_loss:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_fair_value_loss:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_fair_value_loss:upside/value | None | 12.0 |
| /operating_model/cells/upside_2026q3_fee_realization:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_fee_realization:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_fee_realization:upside/id | None | upside_2026q3_fee_realization |
| /operating_model/cells/upside_2026q3_fee_realization:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_fee_realization:upside/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/upside_2026q3_fee_realization:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_fee_realization:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_fee_realization:upside/value | None | 0.9839498233180474 |
| /operating_model/cells/upside_2026q3_fees:upside/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/upside_2026q3_fees:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_fees:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_fees:upside/formula/refs/0 | None | upside_2026q3_unsecured_fee |
| /operating_model/cells/upside_2026q3_fees:upside/formula/refs/1 | None | upside_2026q3_secured_fee |
| /operating_model/cells/upside_2026q3_fees:upside/id | None | upside_2026q3_fees |
| /operating_model/cells/upside_2026q3_fees:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_fees:upside/label | None | Total fee revenue |
| /operating_model/cells/upside_2026q3_fees:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_fees:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_fees:upside/value | None | 349.99999999999994 |
| /operating_model/cells/upside_2026q3_fixed_adjusted_cost:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_fixed_adjusted_cost:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_fixed_adjusted_cost:upside/id | None | upside_2026q3_fixed_adjusted_cost |
| /operating_model/cells/upside_2026q3_fixed_adjusted_cost:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_fixed_adjusted_cost:upside/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/upside_2026q3_fixed_adjusted_cost:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_fixed_adjusted_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_fixed_adjusted_cost:upside/value | None | 125.0 |
| /operating_model/cells/upside_2026q3_funding_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_funding_interest:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_funding_interest:upside/id | None | upside_2026q3_funding_interest |
| /operating_model/cells/upside_2026q3_funding_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_funding_interest:upside/label | None | Balance-sheet funding interest |
| /operating_model/cells/upside_2026q3_funding_interest:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_funding_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_funding_interest:upside/value | None | 13.0 |
| /operating_model/cells/upside_2026q3_hfs_funding:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_hfs_funding:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_hfs_funding:upside/id | None | upside_2026q3_hfs_funding |
| /operating_model/cells/upside_2026q3_hfs_funding:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_hfs_funding:upside/label | None | Net operating loan-settlement funding |
| /operating_model/cells/upside_2026q3_hfs_funding:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_hfs_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_hfs_funding:upside/value | None | 30.0 |
| /operating_model/cells/upside_2026q3_investment_and_claims:upside/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/upside_2026q3_investment_and_claims:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_investment_and_claims:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_investment_and_claims:upside/formula/refs/0 | None | upside_2026q3_capex |
| /operating_model/cells/upside_2026q3_investment_and_claims:upside/formula/refs/1 | None | upside_2026q3_lending_investment |
| /operating_model/cells/upside_2026q3_investment_and_claims:upside/formula/refs/2 | None | upside_2026q3_debt_principal |
| /operating_model/cells/upside_2026q3_investment_and_claims:upside/formula/refs/3 | None | upside_2026q3_buybacks |
| /operating_model/cells/upside_2026q3_investment_and_claims:upside/id | None | upside_2026q3_investment_and_claims |
| /operating_model/cells/upside_2026q3_investment_and_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_investment_and_claims:upside/label | None | Loan investment capex and capital claims |
| /operating_model/cells/upside_2026q3_investment_and_claims:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_investment_and_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_investment_and_claims:upside/value | None | 96.544 |
| /operating_model/cells/upside_2026q3_lending_investment:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_lending_investment:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_lending_investment:upside/id | None | upside_2026q3_lending_investment |
| /operating_model/cells/upside_2026q3_lending_investment:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_lending_investment:upside/label | None | Net HFI investment |
| /operating_model/cells/upside_2026q3_lending_investment:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_lending_investment:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_lending_investment:upside/value | None | 15.0 |
| /operating_model/cells/upside_2026q3_loan_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_loan_interest:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_loan_interest:upside/id | None | upside_2026q3_loan_interest |
| /operating_model/cells/upside_2026q3_loan_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_loan_interest:upside/label | None | Loan interest income |
| /operating_model/cells/upside_2026q3_loan_interest:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_loan_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_loan_interest:upside/value | None | 63.0 |
| /operating_model/cells/upside_2026q3_net_balance_revenue:upside/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/upside_2026q3_net_balance_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_net_balance_revenue:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_net_balance_revenue:upside/formula/refs/0 | None | upside_2026q3_loan_interest |
| /operating_model/cells/upside_2026q3_net_balance_revenue:upside/formula/refs/1 | None | upside_2026q3_balance_cost |
| /operating_model/cells/upside_2026q3_net_balance_revenue:upside/id | None | upside_2026q3_net_balance_revenue |
| /operating_model/cells/upside_2026q3_net_balance_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_net_balance_revenue:upside/label | None | Net balance-sheet revenue |
| /operating_model/cells/upside_2026q3_net_balance_revenue:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_net_balance_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_net_balance_revenue:upside/value | None | 38.0 |
| /operating_model/cells/upside_2026q3_net_other_income:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_net_other_income:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_net_other_income:upside/id | None | upside_2026q3_net_other_income |
| /operating_model/cells/upside_2026q3_net_other_income:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_net_other_income:upside/label | None | Net other income after convertible interest |
| /operating_model/cells/upside_2026q3_net_other_income:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_net_other_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_net_other_income:upside/value | None | 2.0 |
| /operating_model/cells/upside_2026q3_operating_income:upside/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/upside_2026q3_operating_income:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_operating_income:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_operating_income:upside/formula/refs/0 | None | upside_2026q3_adj_ebitda |
| /operating_model/cells/upside_2026q3_operating_income:upside/formula/refs/1 | None | upside_2026q3_ebitda_exclusions |
| /operating_model/cells/upside_2026q3_operating_income:upside/id | None | upside_2026q3_operating_income |
| /operating_model/cells/upside_2026q3_operating_income:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_operating_income:upside/label | None | GAAP operating income proxy |
| /operating_model/cells/upside_2026q3_operating_income:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_operating_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_operating_income:upside/value | None | 61.63999999999996 |
| /operating_model/cells/upside_2026q3_operating_noncash_bridge:upside/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/upside_2026q3_operating_noncash_bridge:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_operating_noncash_bridge:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_operating_noncash_bridge:upside/formula/refs/0 | None | upside_2026q3_operating_income |
| /operating_model/cells/upside_2026q3_operating_noncash_bridge:upside/formula/refs/1 | None | upside_2026q3_sbc |
| /operating_model/cells/upside_2026q3_operating_noncash_bridge:upside/formula/refs/2 | None | upside_2026q3_da |
| /operating_model/cells/upside_2026q3_operating_noncash_bridge:upside/formula/refs/3 | None | upside_2026q3_fair_value_loss |
| /operating_model/cells/upside_2026q3_operating_noncash_bridge:upside/id | None | upside_2026q3_operating_noncash_bridge |
| /operating_model/cells/upside_2026q3_operating_noncash_bridge:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_operating_noncash_bridge:upside/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/upside_2026q3_operating_noncash_bridge:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_operating_noncash_bridge:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_operating_noncash_bridge:upside/value | None | 123.63999999999996 |
| /operating_model/cells/upside_2026q3_other_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_other_principal:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_other_principal:upside/id | None | upside_2026q3_other_principal |
| /operating_model/cells/upside_2026q3_other_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_other_principal:upside/label | None | Other asset-backed principal |
| /operating_model/cells/upside_2026q3_other_principal:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_other_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_other_principal:upside/value | None | 7.0 |
| /operating_model/cells/upside_2026q3_payroll:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_payroll:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_payroll:upside/id | None | upside_2026q3_payroll |
| /operating_model/cells/upside_2026q3_payroll:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_payroll:upside/label | None | Equity payroll adjustment |
| /operating_model/cells/upside_2026q3_payroll:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_payroll:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_payroll:upside/value | None | 1.5 |
| /operating_model/cells/upside_2026q3_revenue:upside/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/upside_2026q3_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_revenue:upside/formula/refs/0 | None | upside_2026q3_fees |
| /operating_model/cells/upside_2026q3_revenue:upside/formula/refs/1 | None | upside_2026q3_net_balance_revenue |
| /operating_model/cells/upside_2026q3_revenue:upside/id | None | upside_2026q3_revenue |
| /operating_model/cells/upside_2026q3_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_revenue:upside/label | None | Total revenue |
| /operating_model/cells/upside_2026q3_revenue:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_revenue:upside/value | None | 387.99999999999994 |
| /operating_model/cells/upside_2026q3_sbc:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_sbc:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_sbc:upside/id | None | upside_2026q3_sbc |
| /operating_model/cells/upside_2026q3_sbc:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_sbc:upside/label | None | SBC expense |
| /operating_model/cells/upside_2026q3_sbc:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_sbc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_sbc:upside/value | None | 43.0 |
| /operating_model/cells/upside_2026q3_secured_cm:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_secured_cm:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_secured_cm:upside/id | None | upside_2026q3_secured_cm |
| /operating_model/cells/upside_2026q3_secured_cm:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_secured_cm:upside/label | None | Secured contribution margin |
| /operating_model/cells/upside_2026q3_secured_cm:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_secured_cm:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_secured_cm:upside/value | None | 0.02 |
| /operating_model/cells/upside_2026q3_secured_contribution:upside/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/upside_2026q3_secured_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_secured_contribution:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q3_secured_contribution:upside/formula/refs/0 | None | upside_2026q3_secured_fee |
| /operating_model/cells/upside_2026q3_secured_contribution:upside/formula/refs/1 | None | upside_2026q3_secured_cm |
| /operating_model/cells/upside_2026q3_secured_contribution:upside/id | None | upside_2026q3_secured_contribution |
| /operating_model/cells/upside_2026q3_secured_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_secured_contribution:upside/label | None | Secured contribution |
| /operating_model/cells/upside_2026q3_secured_contribution:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_secured_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_secured_contribution:upside/value | None | 0.56 |
| /operating_model/cells/upside_2026q3_secured_fee:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_secured_fee:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_secured_fee:upside/id | None | upside_2026q3_secured_fee |
| /operating_model/cells/upside_2026q3_secured_fee:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_secured_fee:upside/label | None | Secured fee revenue |
| /operating_model/cells/upside_2026q3_secured_fee:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_secured_fee:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_secured_fee:upside/value | None | 28.0 |
| /operating_model/cells/upside_2026q3_september_volume:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_september_volume:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_september_volume:upside/id | None | upside_2026q3_september_volume |
| /operating_model/cells/upside_2026q3_september_volume:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_september_volume:upside/label | None | September principal estimate |
| /operating_model/cells/upside_2026q3_september_volume:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_september_volume:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_september_volume:upside/value | None | 1500.0 |
| /operating_model/cells/upside_2026q3_unsecured_cm:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_unsecured_cm:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_unsecured_cm:upside/id | None | upside_2026q3_unsecured_cm |
| /operating_model/cells/upside_2026q3_unsecured_cm:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_unsecured_cm:upside/label | None | Unsecured contribution margin |
| /operating_model/cells/upside_2026q3_unsecured_cm:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_unsecured_cm:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_unsecured_cm:upside/value | None | 0.64 |
| /operating_model/cells/upside_2026q3_unsecured_contribution:upside/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/upside_2026q3_unsecured_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_unsecured_contribution:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q3_unsecured_contribution:upside/formula/refs/0 | None | upside_2026q3_unsecured_fee |
| /operating_model/cells/upside_2026q3_unsecured_contribution:upside/formula/refs/1 | None | upside_2026q3_unsecured_cm |
| /operating_model/cells/upside_2026q3_unsecured_contribution:upside/id | None | upside_2026q3_unsecured_contribution |
| /operating_model/cells/upside_2026q3_unsecured_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_unsecured_contribution:upside/label | None | Unsecured contribution |
| /operating_model/cells/upside_2026q3_unsecured_contribution:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_unsecured_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_unsecured_contribution:upside/value | None | 206.07999999999996 |
| /operating_model/cells/upside_2026q3_unsecured_fee:upside/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/upside_2026q3_unsecured_fee:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_unsecured_fee:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q3_unsecured_fee:upside/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/upside_2026q3_unsecured_fee:upside/formula/refs/1 | None | upside_2026q3_activity |
| /operating_model/cells/upside_2026q3_unsecured_fee:upside/formula/refs/2 | None | upside_2026q3_fee_realization |
| /operating_model/cells/upside_2026q3_unsecured_fee:upside/id | None | upside_2026q3_unsecured_fee |
| /operating_model/cells/upside_2026q3_unsecured_fee:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_unsecured_fee:upside/label | None | Unsecured fee revenue |
| /operating_model/cells/upside_2026q3_unsecured_fee:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_unsecured_fee:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_unsecured_fee:upside/value | None | 321.99999999999994 |
| /operating_model/cells/upside_2026q3_volume:upside/basis | None | Two reported months plus one desk forecast. |
| /operating_model/cells/upside_2026q3_volume:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_volume:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_volume:upside/formula/refs/0 | None | july_volume |
| /operating_model/cells/upside_2026q3_volume:upside/formula/refs/1 | None | august_volume |
| /operating_model/cells/upside_2026q3_volume:upside/formula/refs/2 | None | upside_2026q3_september_volume |
| /operating_model/cells/upside_2026q3_volume:upside/id | None | upside_2026q3_volume |
| /operating_model/cells/upside_2026q3_volume:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_volume:upside/label | None | Facilitated principal |
| /operating_model/cells/upside_2026q3_volume:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_volume:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_volume:upside/value | None | 4239.5 |
| /operating_model/cells/upside_2026q3_working_capital_use:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_working_capital_use:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_working_capital_use:upside/id | None | upside_2026q3_working_capital_use |
| /operating_model/cells/upside_2026q3_working_capital_use:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_working_capital_use:upside/label | None | Other working-capital and settlement use |
| /operating_model/cells/upside_2026q3_working_capital_use:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_working_capital_use:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_working_capital_use:upside/value | None | 15.0 |
| /operating_model/cells/upside_2026q4_activity:upside/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/upside_2026q4_activity:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_activity:upside/formula/op | None | divide |
| /operating_model/cells/upside_2026q4_activity:upside/formula/refs/0 | None | upside_2026q4_volume |
| /operating_model/cells/upside_2026q4_activity:upside/formula/refs/1 | None | q2_volume |
| /operating_model/cells/upside_2026q4_activity:upside/id | None | upside_2026q4_activity |
| /operating_model/cells/upside_2026q4_activity:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_activity:upside/label | None | Activity versus Q2 |
| /operating_model/cells/upside_2026q4_activity:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_activity:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_activity:upside/value | None | 1.0881974576868612 |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/formula/refs/0 | None | upside_2026q4_contribution_plus_balance |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/formula/refs/1 | None | upside_2026q4_fixed_adjusted_cost |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/id | None | upside_2026q4_adj_ebitda |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/value | None | 125.98000000000002 |
| /operating_model/cells/upside_2026q4_asset_cash:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_asset_cash:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_asset_cash:upside/id | None | upside_2026q4_asset_cash |
| /operating_model/cells/upside_2026q4_asset_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_asset_cash:upside/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/upside_2026q4_asset_cash:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_asset_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_asset_cash:upside/value | None | 40.0 |
| /operating_model/cells/upside_2026q4_available_cash:upside/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/upside_2026q4_available_cash:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_available_cash:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_available_cash:upside/formula/refs/0 | None | upside_2026q4_cfo |
| /operating_model/cells/upside_2026q4_available_cash:upside/formula/refs/1 | None | upside_2026q4_asset_cash |
| /operating_model/cells/upside_2026q4_available_cash:upside/id | None | upside_2026q4_available_cash |
| /operating_model/cells/upside_2026q4_available_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_available_cash:upside/label | None | CFO plus asset receipts |
| /operating_model/cells/upside_2026q4_available_cash:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_available_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_available_cash:upside/value | None | 108.98000000000002 |
| /operating_model/cells/upside_2026q4_balance_cost:upside/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/upside_2026q4_balance_cost:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_balance_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_balance_cost:upside/formula/refs/0 | None | upside_2026q4_funding_interest |
| /operating_model/cells/upside_2026q4_balance_cost:upside/formula/refs/1 | None | upside_2026q4_fair_value_loss |
| /operating_model/cells/upside_2026q4_balance_cost:upside/id | None | upside_2026q4_balance_cost |
| /operating_model/cells/upside_2026q4_balance_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_balance_cost:upside/label | None | Funding and fair-value costs |
| /operating_model/cells/upside_2026q4_balance_cost:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_balance_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_balance_cost:upside/value | None | 26.0 |
| /operating_model/cells/upside_2026q4_buybacks:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_buybacks:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_buybacks:upside/id | None | upside_2026q4_buybacks |
| /operating_model/cells/upside_2026q4_buybacks:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_buybacks:upside/label | None | Optional repurchases |
| /operating_model/cells/upside_2026q4_buybacks:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_buybacks:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_buybacks:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q4_capex:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_capex:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_capex:upside/id | None | upside_2026q4_capex |
| /operating_model/cells/upside_2026q4_capex:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_capex:upside/label | None | Cash PP&E and software |
| /operating_model/cells/upside_2026q4_capex:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_capex:upside/value | None | 9.0 |
| /operating_model/cells/upside_2026q4_cash_after_claims:upside/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/upside_2026q4_cash_after_claims:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_cash_after_claims:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_cash_after_claims:upside/formula/refs/0 | None | upside_2026q4_available_cash |
| /operating_model/cells/upside_2026q4_cash_after_claims:upside/formula/refs/1 | None | upside_2026q4_investment_and_claims |
| /operating_model/cells/upside_2026q4_cash_after_claims:upside/id | None | upside_2026q4_cash_after_claims |
| /operating_model/cells/upside_2026q4_cash_after_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_cash_after_claims:upside/label | None | Cash after lending and capital claims |
| /operating_model/cells/upside_2026q4_cash_after_claims:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_cash_after_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_cash_after_claims:upside/value | None | 72.98000000000002 |
| /operating_model/cells/upside_2026q4_cash_before_settlement:upside/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/upside_2026q4_cash_before_settlement:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_cash_before_settlement:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_cash_before_settlement:upside/formula/refs/0 | None | upside_2026q4_operating_noncash_bridge |
| /operating_model/cells/upside_2026q4_cash_before_settlement:upside/formula/refs/1 | None | upside_2026q4_cash_timing |
| /operating_model/cells/upside_2026q4_cash_before_settlement:upside/id | None | upside_2026q4_cash_before_settlement |
| /operating_model/cells/upside_2026q4_cash_before_settlement:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_cash_before_settlement:upside/label | None | Cash before operating loan settlement |
| /operating_model/cells/upside_2026q4_cash_before_settlement:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_cash_before_settlement:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_cash_before_settlement:upside/value | None | 108.98000000000002 |
| /operating_model/cells/upside_2026q4_cash_tax:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_cash_tax:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_cash_tax:upside/id | None | upside_2026q4_cash_tax |
| /operating_model/cells/upside_2026q4_cash_tax:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_cash_tax:upside/label | None | Cash tax |
| /operating_model/cells/upside_2026q4_cash_tax:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_cash_tax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_cash_tax:upside/value | None | 3.0 |
| /operating_model/cells/upside_2026q4_cash_timing:upside/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/upside_2026q4_cash_timing:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_cash_timing:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_cash_timing:upside/formula/refs/0 | None | upside_2026q4_cash_tax |
| /operating_model/cells/upside_2026q4_cash_timing:upside/formula/refs/1 | None | upside_2026q4_corporate_net_interest_cash |
| /operating_model/cells/upside_2026q4_cash_timing:upside/formula/refs/2 | None | upside_2026q4_working_capital_use |
| /operating_model/cells/upside_2026q4_cash_timing:upside/id | None | upside_2026q4_cash_timing |
| /operating_model/cells/upside_2026q4_cash_timing:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_cash_timing:upside/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/upside_2026q4_cash_timing:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_cash_timing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_cash_timing:upside/value | None | 21.0 |
| /operating_model/cells/upside_2026q4_cfo:upside/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/upside_2026q4_cfo:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_cfo:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_cfo:upside/formula/refs/0 | None | upside_2026q4_cash_before_settlement |
| /operating_model/cells/upside_2026q4_cfo:upside/formula/refs/1 | None | upside_2026q4_hfs_funding |
| /operating_model/cells/upside_2026q4_cfo:upside/id | None | upside_2026q4_cfo |
| /operating_model/cells/upside_2026q4_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_cfo:upside/label | None | CFO after operating loan settlement |
| /operating_model/cells/upside_2026q4_cfo:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_cfo:upside/value | None | 68.98000000000002 |
| /operating_model/cells/upside_2026q4_contribution:upside/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/upside_2026q4_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_contribution:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_contribution:upside/formula/refs/0 | None | upside_2026q4_unsecured_contribution |
| /operating_model/cells/upside_2026q4_contribution:upside/formula/refs/1 | None | upside_2026q4_secured_contribution |
| /operating_model/cells/upside_2026q4_contribution:upside/id | None | upside_2026q4_contribution |
| /operating_model/cells/upside_2026q4_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_contribution:upside/label | None | Fee contribution profit |
| /operating_model/cells/upside_2026q4_contribution:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_contribution:upside/value | None | 224.98000000000002 |
| /operating_model/cells/upside_2026q4_contribution_plus_balance:upside/basis | None | Direct fee costs already removed. |
| /operating_model/cells/upside_2026q4_contribution_plus_balance:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_contribution_plus_balance:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_contribution_plus_balance:upside/formula/refs/0 | None | upside_2026q4_contribution |
| /operating_model/cells/upside_2026q4_contribution_plus_balance:upside/formula/refs/1 | None | upside_2026q4_net_balance_revenue |
| /operating_model/cells/upside_2026q4_contribution_plus_balance:upside/id | None | upside_2026q4_contribution_plus_balance |
| /operating_model/cells/upside_2026q4_contribution_plus_balance:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_contribution_plus_balance:upside/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/upside_2026q4_contribution_plus_balance:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_contribution_plus_balance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_contribution_plus_balance:upside/value | None | 265.98 |
| /operating_model/cells/upside_2026q4_convert_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_convert_interest:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_convert_interest:upside/id | None | upside_2026q4_convert_interest |
| /operating_model/cells/upside_2026q4_convert_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_convert_interest:upside/label | None | Convertible GAAP interest |
| /operating_model/cells/upside_2026q4_convert_interest:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_convert_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_convert_interest:upside/value | None | 4.5 |
| /operating_model/cells/upside_2026q4_corporate_net_interest_cash:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_corporate_net_interest_cash:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_corporate_net_interest_cash:upside/id | None | upside_2026q4_corporate_net_interest_cash |
| /operating_model/cells/upside_2026q4_corporate_net_interest_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_corporate_net_interest_cash:upside/label | None | Net corporate cash interest |
| /operating_model/cells/upside_2026q4_corporate_net_interest_cash:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_corporate_net_interest_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_corporate_net_interest_cash:upside/value | None | 1.0 |
| /operating_model/cells/upside_2026q4_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_da:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_da:upside/id | None | upside_2026q4_da |
| /operating_model/cells/upside_2026q4_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_da:upside/label | None | Depreciation and amortization |
| /operating_model/cells/upside_2026q4_da:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_da:upside/value | None | 7.5 |
| /operating_model/cells/upside_2026q4_debt_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_debt_principal:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_debt_principal:upside/id | None | upside_2026q4_debt_principal |
| /operating_model/cells/upside_2026q4_debt_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_debt_principal:upside/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/upside_2026q4_debt_principal:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_debt_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_debt_principal:upside/value | None | 7.0 |
| /operating_model/cells/upside_2026q4_ebitda_exclusions:upside/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/upside_2026q4_ebitda_exclusions:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_ebitda_exclusions:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_ebitda_exclusions:upside/formula/refs/0 | None | upside_2026q4_sbc |
| /operating_model/cells/upside_2026q4_ebitda_exclusions:upside/formula/refs/1 | None | upside_2026q4_payroll |
| /operating_model/cells/upside_2026q4_ebitda_exclusions:upside/formula/refs/2 | None | upside_2026q4_da |
| /operating_model/cells/upside_2026q4_ebitda_exclusions:upside/formula/refs/3 | None | upside_2026q4_convert_interest |
| /operating_model/cells/upside_2026q4_ebitda_exclusions:upside/formula/refs/4 | None | upside_2026q4_net_other_income |
| /operating_model/cells/upside_2026q4_ebitda_exclusions:upside/id | None | upside_2026q4_ebitda_exclusions |
| /operating_model/cells/upside_2026q4_ebitda_exclusions:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_ebitda_exclusions:upside/label | None | GAAP bridge exclusions |
| /operating_model/cells/upside_2026q4_ebitda_exclusions:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_ebitda_exclusions:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_ebitda_exclusions:upside/value | None | 61.5 |
| /operating_model/cells/upside_2026q4_fair_value_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_fair_value_loss:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_fair_value_loss:upside/id | None | upside_2026q4_fair_value_loss |
| /operating_model/cells/upside_2026q4_fair_value_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_fair_value_loss:upside/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/upside_2026q4_fair_value_loss:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_fair_value_loss:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_fair_value_loss:upside/value | None | 12.0 |
| /operating_model/cells/upside_2026q4_fee_realization:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_fee_realization:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_fee_realization:upside/id | None | upside_2026q4_fee_realization |
| /operating_model/cells/upside_2026q4_fee_realization:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_fee_realization:upside/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/upside_2026q4_fee_realization:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_fee_realization:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_fee_realization:upside/value | None | 0.9828773233249696 |
| /operating_model/cells/upside_2026q4_fees:upside/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/upside_2026q4_fees:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_fees:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_fees:upside/formula/refs/0 | None | upside_2026q4_unsecured_fee |
| /operating_model/cells/upside_2026q4_fees:upside/formula/refs/1 | None | upside_2026q4_secured_fee |
| /operating_model/cells/upside_2026q4_fees:upside/id | None | upside_2026q4_fees |
| /operating_model/cells/upside_2026q4_fees:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_fees:upside/label | None | Total fee revenue |
| /operating_model/cells/upside_2026q4_fees:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_fees:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_fees:upside/value | None | 385.0 |
| /operating_model/cells/upside_2026q4_fixed_adjusted_cost:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_fixed_adjusted_cost:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_fixed_adjusted_cost:upside/id | None | upside_2026q4_fixed_adjusted_cost |
| /operating_model/cells/upside_2026q4_fixed_adjusted_cost:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_fixed_adjusted_cost:upside/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/upside_2026q4_fixed_adjusted_cost:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_fixed_adjusted_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_fixed_adjusted_cost:upside/value | None | 140.0 |
| /operating_model/cells/upside_2026q4_funding_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_funding_interest:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_funding_interest:upside/id | None | upside_2026q4_funding_interest |
| /operating_model/cells/upside_2026q4_funding_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_funding_interest:upside/label | None | Balance-sheet funding interest |
| /operating_model/cells/upside_2026q4_funding_interest:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_funding_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_funding_interest:upside/value | None | 14.0 |
| /operating_model/cells/upside_2026q4_hfs_funding:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_hfs_funding:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_hfs_funding:upside/id | None | upside_2026q4_hfs_funding |
| /operating_model/cells/upside_2026q4_hfs_funding:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_hfs_funding:upside/label | None | Net operating loan-settlement funding |
| /operating_model/cells/upside_2026q4_hfs_funding:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_hfs_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_hfs_funding:upside/value | None | 40.0 |
| /operating_model/cells/upside_2026q4_investment_and_claims:upside/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/upside_2026q4_investment_and_claims:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_investment_and_claims:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_investment_and_claims:upside/formula/refs/0 | None | upside_2026q4_capex |
| /operating_model/cells/upside_2026q4_investment_and_claims:upside/formula/refs/1 | None | upside_2026q4_lending_investment |
| /operating_model/cells/upside_2026q4_investment_and_claims:upside/formula/refs/2 | None | upside_2026q4_debt_principal |
| /operating_model/cells/upside_2026q4_investment_and_claims:upside/formula/refs/3 | None | upside_2026q4_buybacks |
| /operating_model/cells/upside_2026q4_investment_and_claims:upside/id | None | upside_2026q4_investment_and_claims |
| /operating_model/cells/upside_2026q4_investment_and_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_investment_and_claims:upside/label | None | Loan investment capex and capital claims |
| /operating_model/cells/upside_2026q4_investment_and_claims:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_investment_and_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_investment_and_claims:upside/value | None | 36.0 |
| /operating_model/cells/upside_2026q4_lending_investment:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_lending_investment:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_lending_investment:upside/id | None | upside_2026q4_lending_investment |
| /operating_model/cells/upside_2026q4_lending_investment:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_lending_investment:upside/label | None | Net HFI investment |
| /operating_model/cells/upside_2026q4_lending_investment:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_lending_investment:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_lending_investment:upside/value | None | 20.0 |
| /operating_model/cells/upside_2026q4_loan_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_loan_interest:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_loan_interest:upside/id | None | upside_2026q4_loan_interest |
| /operating_model/cells/upside_2026q4_loan_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_loan_interest:upside/label | None | Loan interest income |
| /operating_model/cells/upside_2026q4_loan_interest:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_loan_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_loan_interest:upside/value | None | 67.0 |
| /operating_model/cells/upside_2026q4_net_balance_revenue:upside/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/upside_2026q4_net_balance_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_net_balance_revenue:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_net_balance_revenue:upside/formula/refs/0 | None | upside_2026q4_loan_interest |
| /operating_model/cells/upside_2026q4_net_balance_revenue:upside/formula/refs/1 | None | upside_2026q4_balance_cost |
| /operating_model/cells/upside_2026q4_net_balance_revenue:upside/id | None | upside_2026q4_net_balance_revenue |
| /operating_model/cells/upside_2026q4_net_balance_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_net_balance_revenue:upside/label | None | Net balance-sheet revenue |
| /operating_model/cells/upside_2026q4_net_balance_revenue:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_net_balance_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_net_balance_revenue:upside/value | None | 41.0 |
| /operating_model/cells/upside_2026q4_net_other_income:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_net_other_income:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_net_other_income:upside/id | None | upside_2026q4_net_other_income |
| /operating_model/cells/upside_2026q4_net_other_income:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_net_other_income:upside/label | None | Net other income after convertible interest |
| /operating_model/cells/upside_2026q4_net_other_income:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_net_other_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_net_other_income:upside/value | None | 2.0 |
| /operating_model/cells/upside_2026q4_operating_income:upside/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/upside_2026q4_operating_income:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_operating_income:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_operating_income:upside/formula/refs/0 | None | upside_2026q4_adj_ebitda |
| /operating_model/cells/upside_2026q4_operating_income:upside/formula/refs/1 | None | upside_2026q4_ebitda_exclusions |
| /operating_model/cells/upside_2026q4_operating_income:upside/id | None | upside_2026q4_operating_income |
| /operating_model/cells/upside_2026q4_operating_income:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_operating_income:upside/label | None | GAAP operating income proxy |
| /operating_model/cells/upside_2026q4_operating_income:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_operating_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_operating_income:upside/value | None | 64.48000000000002 |
| /operating_model/cells/upside_2026q4_operating_noncash_bridge:upside/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/upside_2026q4_operating_noncash_bridge:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_operating_noncash_bridge:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_operating_noncash_bridge:upside/formula/refs/0 | None | upside_2026q4_operating_income |
| /operating_model/cells/upside_2026q4_operating_noncash_bridge:upside/formula/refs/1 | None | upside_2026q4_sbc |
| /operating_model/cells/upside_2026q4_operating_noncash_bridge:upside/formula/refs/2 | None | upside_2026q4_da |
| /operating_model/cells/upside_2026q4_operating_noncash_bridge:upside/formula/refs/3 | None | upside_2026q4_fair_value_loss |
| /operating_model/cells/upside_2026q4_operating_noncash_bridge:upside/id | None | upside_2026q4_operating_noncash_bridge |
| /operating_model/cells/upside_2026q4_operating_noncash_bridge:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_operating_noncash_bridge:upside/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/upside_2026q4_operating_noncash_bridge:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_operating_noncash_bridge:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_operating_noncash_bridge:upside/value | None | 129.98000000000002 |
| /operating_model/cells/upside_2026q4_payroll:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_payroll:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_payroll:upside/id | None | upside_2026q4_payroll |
| /operating_model/cells/upside_2026q4_payroll:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_payroll:upside/label | None | Equity payroll adjustment |
| /operating_model/cells/upside_2026q4_payroll:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_payroll:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_payroll:upside/value | None | 1.5 |
| /operating_model/cells/upside_2026q4_revenue:upside/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/upside_2026q4_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_revenue:upside/formula/refs/0 | None | upside_2026q4_fees |
| /operating_model/cells/upside_2026q4_revenue:upside/formula/refs/1 | None | upside_2026q4_net_balance_revenue |
| /operating_model/cells/upside_2026q4_revenue:upside/id | None | upside_2026q4_revenue |
| /operating_model/cells/upside_2026q4_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_revenue:upside/label | None | Total revenue |
| /operating_model/cells/upside_2026q4_revenue:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_revenue:upside/value | None | 426.0 |
| /operating_model/cells/upside_2026q4_sbc:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_sbc:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_sbc:upside/id | None | upside_2026q4_sbc |
| /operating_model/cells/upside_2026q4_sbc:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_sbc:upside/label | None | SBC expense |
| /operating_model/cells/upside_2026q4_sbc:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_sbc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_sbc:upside/value | None | 46.0 |
| /operating_model/cells/upside_2026q4_secured_cm:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_secured_cm:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_secured_cm:upside/id | None | upside_2026q4_secured_cm |
| /operating_model/cells/upside_2026q4_secured_cm:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_secured_cm:upside/label | None | Secured contribution margin |
| /operating_model/cells/upside_2026q4_secured_cm:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_secured_cm:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_secured_cm:upside/value | None | 0.045 |
| /operating_model/cells/upside_2026q4_secured_contribution:upside/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/upside_2026q4_secured_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_secured_contribution:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q4_secured_contribution:upside/formula/refs/0 | None | upside_2026q4_secured_fee |
| /operating_model/cells/upside_2026q4_secured_contribution:upside/formula/refs/1 | None | upside_2026q4_secured_cm |
| /operating_model/cells/upside_2026q4_secured_contribution:upside/id | None | upside_2026q4_secured_contribution |
| /operating_model/cells/upside_2026q4_secured_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_secured_contribution:upside/label | None | Secured contribution |
| /operating_model/cells/upside_2026q4_secured_contribution:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_secured_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_secured_contribution:upside/value | None | 1.6199999999999999 |
| /operating_model/cells/upside_2026q4_secured_fee:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_secured_fee:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_secured_fee:upside/id | None | upside_2026q4_secured_fee |
| /operating_model/cells/upside_2026q4_secured_fee:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_secured_fee:upside/label | None | Secured fee revenue |
| /operating_model/cells/upside_2026q4_secured_fee:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_secured_fee:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_secured_fee:upside/value | None | 36.0 |
| /operating_model/cells/upside_2026q4_unsecured_cm:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_unsecured_cm:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_unsecured_cm:upside/id | None | upside_2026q4_unsecured_cm |
| /operating_model/cells/upside_2026q4_unsecured_cm:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_unsecured_cm:upside/label | None | Unsecured contribution margin |
| /operating_model/cells/upside_2026q4_unsecured_cm:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_unsecured_cm:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_unsecured_cm:upside/value | None | 0.64 |
| /operating_model/cells/upside_2026q4_unsecured_contribution:upside/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/upside_2026q4_unsecured_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_unsecured_contribution:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q4_unsecured_contribution:upside/formula/refs/0 | None | upside_2026q4_unsecured_fee |
| /operating_model/cells/upside_2026q4_unsecured_contribution:upside/formula/refs/1 | None | upside_2026q4_unsecured_cm |
| /operating_model/cells/upside_2026q4_unsecured_contribution:upside/id | None | upside_2026q4_unsecured_contribution |
| /operating_model/cells/upside_2026q4_unsecured_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_unsecured_contribution:upside/label | None | Unsecured contribution |
| /operating_model/cells/upside_2026q4_unsecured_contribution:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_unsecured_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_unsecured_contribution:upside/value | None | 223.36 |
| /operating_model/cells/upside_2026q4_unsecured_fee:upside/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/upside_2026q4_unsecured_fee:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_unsecured_fee:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q4_unsecured_fee:upside/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/upside_2026q4_unsecured_fee:upside/formula/refs/1 | None | upside_2026q4_activity |
| /operating_model/cells/upside_2026q4_unsecured_fee:upside/formula/refs/2 | None | upside_2026q4_fee_realization |
| /operating_model/cells/upside_2026q4_unsecured_fee:upside/id | None | upside_2026q4_unsecured_fee |
| /operating_model/cells/upside_2026q4_unsecured_fee:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_unsecured_fee:upside/label | None | Unsecured fee revenue |
| /operating_model/cells/upside_2026q4_unsecured_fee:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_unsecured_fee:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_unsecured_fee:upside/value | None | 349.0 |
| /operating_model/cells/upside_2026q4_volume:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_volume:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_volume:upside/id | None | upside_2026q4_volume |
| /operating_model/cells/upside_2026q4_volume:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_volume:upside/label | None | Facilitated principal |
| /operating_model/cells/upside_2026q4_volume:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_volume:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_volume:upside/value | None | 4600.0 |
| /operating_model/cells/upside_2026q4_working_capital_use:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_working_capital_use:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_working_capital_use:upside/id | None | upside_2026q4_working_capital_use |
| /operating_model/cells/upside_2026q4_working_capital_use:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_working_capital_use:upside/label | None | Other working-capital and settlement use |
| /operating_model/cells/upside_2026q4_working_capital_use:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_working_capital_use:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_working_capital_use:upside/value | None | 17.0 |
| /operating_model/cells/upside_2027q1_activity:upside/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/upside_2027q1_activity:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_activity:upside/formula/op | None | divide |
| /operating_model/cells/upside_2027q1_activity:upside/formula/refs/0 | None | upside_2027q1_volume |
| /operating_model/cells/upside_2027q1_activity:upside/formula/refs/1 | None | q2_volume |
| /operating_model/cells/upside_2027q1_activity:upside/id | None | upside_2027q1_activity |
| /operating_model/cells/upside_2027q1_activity:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_activity:upside/label | None | Activity versus Q2 |
| /operating_model/cells/upside_2027q1_activity:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_activity:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_activity:upside/value | None | 1.1591668571012217 |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/formula/refs/0 | None | upside_2027q1_contribution_plus_balance |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/formula/refs/1 | None | upside_2027q1_fixed_adjusted_cost |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/id | None | upside_2027q1_adj_ebitda |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/value | None | 134.58000000000004 |
| /operating_model/cells/upside_2027q1_asset_cash:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_asset_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_asset_cash:upside/id | None | upside_2027q1_asset_cash |
| /operating_model/cells/upside_2027q1_asset_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_asset_cash:upside/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/upside_2027q1_asset_cash:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_asset_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_asset_cash:upside/value | None | 40.0 |
| /operating_model/cells/upside_2027q1_available_cash:upside/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/upside_2027q1_available_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_available_cash:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_available_cash:upside/formula/refs/0 | None | upside_2027q1_cfo |
| /operating_model/cells/upside_2027q1_available_cash:upside/formula/refs/1 | None | upside_2027q1_asset_cash |
| /operating_model/cells/upside_2027q1_available_cash:upside/id | None | upside_2027q1_available_cash |
| /operating_model/cells/upside_2027q1_available_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_available_cash:upside/label | None | CFO plus asset receipts |
| /operating_model/cells/upside_2027q1_available_cash:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_available_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_available_cash:upside/value | None | 126.58000000000004 |
| /operating_model/cells/upside_2027q1_balance_cost:upside/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/upside_2027q1_balance_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_balance_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_balance_cost:upside/formula/refs/0 | None | upside_2027q1_funding_interest |
| /operating_model/cells/upside_2027q1_balance_cost:upside/formula/refs/1 | None | upside_2027q1_fair_value_loss |
| /operating_model/cells/upside_2027q1_balance_cost:upside/id | None | upside_2027q1_balance_cost |
| /operating_model/cells/upside_2027q1_balance_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_balance_cost:upside/label | None | Funding and fair-value costs |
| /operating_model/cells/upside_2027q1_balance_cost:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_balance_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_balance_cost:upside/value | None | 28.0 |
| /operating_model/cells/upside_2027q1_buybacks:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_buybacks:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_buybacks:upside/id | None | upside_2027q1_buybacks |
| /operating_model/cells/upside_2027q1_buybacks:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_buybacks:upside/label | None | Optional repurchases |
| /operating_model/cells/upside_2027q1_buybacks:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_buybacks:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_buybacks:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q1_capex:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_capex:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_capex:upside/id | None | upside_2027q1_capex |
| /operating_model/cells/upside_2027q1_capex:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_capex:upside/label | None | Cash PP&E and software |
| /operating_model/cells/upside_2027q1_capex:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_capex:upside/value | None | 10.0 |
| /operating_model/cells/upside_2027q1_cash_after_claims:upside/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/upside_2027q1_cash_after_claims:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_cash_after_claims:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_cash_after_claims:upside/formula/refs/0 | None | upside_2027q1_available_cash |
| /operating_model/cells/upside_2027q1_cash_after_claims:upside/formula/refs/1 | None | upside_2027q1_investment_and_claims |
| /operating_model/cells/upside_2027q1_cash_after_claims:upside/id | None | upside_2027q1_cash_after_claims |
| /operating_model/cells/upside_2027q1_cash_after_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_cash_after_claims:upside/label | None | Cash after lending and capital claims |
| /operating_model/cells/upside_2027q1_cash_after_claims:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_cash_after_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_cash_after_claims:upside/value | None | 89.58000000000004 |
| /operating_model/cells/upside_2027q1_cash_before_settlement:upside/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/upside_2027q1_cash_before_settlement:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_cash_before_settlement:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_cash_before_settlement:upside/formula/refs/0 | None | upside_2027q1_operating_noncash_bridge |
| /operating_model/cells/upside_2027q1_cash_before_settlement:upside/formula/refs/1 | None | upside_2027q1_cash_timing |
| /operating_model/cells/upside_2027q1_cash_before_settlement:upside/id | None | upside_2027q1_cash_before_settlement |
| /operating_model/cells/upside_2027q1_cash_before_settlement:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_cash_before_settlement:upside/label | None | Cash before operating loan settlement |
| /operating_model/cells/upside_2027q1_cash_before_settlement:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_cash_before_settlement:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_cash_before_settlement:upside/value | None | 116.58000000000004 |
| /operating_model/cells/upside_2027q1_cash_tax:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_cash_tax:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_cash_tax:upside/id | None | upside_2027q1_cash_tax |
| /operating_model/cells/upside_2027q1_cash_tax:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_cash_tax:upside/label | None | Cash tax |
| /operating_model/cells/upside_2027q1_cash_tax:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_cash_tax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_cash_tax:upside/value | None | 3.0 |
| /operating_model/cells/upside_2027q1_cash_timing:upside/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/upside_2027q1_cash_timing:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_cash_timing:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_cash_timing:upside/formula/refs/0 | None | upside_2027q1_cash_tax |
| /operating_model/cells/upside_2027q1_cash_timing:upside/formula/refs/1 | None | upside_2027q1_corporate_net_interest_cash |
| /operating_model/cells/upside_2027q1_cash_timing:upside/formula/refs/2 | None | upside_2027q1_working_capital_use |
| /operating_model/cells/upside_2027q1_cash_timing:upside/id | None | upside_2027q1_cash_timing |
| /operating_model/cells/upside_2027q1_cash_timing:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_cash_timing:upside/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/upside_2027q1_cash_timing:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_cash_timing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_cash_timing:upside/value | None | 23.0 |
| /operating_model/cells/upside_2027q1_cfo:upside/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/upside_2027q1_cfo:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_cfo:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_cfo:upside/formula/refs/0 | None | upside_2027q1_cash_before_settlement |
| /operating_model/cells/upside_2027q1_cfo:upside/formula/refs/1 | None | upside_2027q1_hfs_funding |
| /operating_model/cells/upside_2027q1_cfo:upside/id | None | upside_2027q1_cfo |
| /operating_model/cells/upside_2027q1_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_cfo:upside/label | None | CFO after operating loan settlement |
| /operating_model/cells/upside_2027q1_cfo:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_cfo:upside/value | None | 86.58000000000004 |
| /operating_model/cells/upside_2027q1_contribution:upside/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/upside_2027q1_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_contribution:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_contribution:upside/formula/refs/0 | None | upside_2027q1_unsecured_contribution |
| /operating_model/cells/upside_2027q1_contribution:upside/formula/refs/1 | None | upside_2027q1_secured_contribution |
| /operating_model/cells/upside_2027q1_contribution:upside/id | None | upside_2027q1_contribution |
| /operating_model/cells/upside_2027q1_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_contribution:upside/label | None | Fee contribution profit |
| /operating_model/cells/upside_2027q1_contribution:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_contribution:upside/value | None | 242.58 |
| /operating_model/cells/upside_2027q1_contribution_plus_balance:upside/basis | None | Direct fee costs already removed. |
| /operating_model/cells/upside_2027q1_contribution_plus_balance:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_contribution_plus_balance:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_contribution_plus_balance:upside/formula/refs/0 | None | upside_2027q1_contribution |
| /operating_model/cells/upside_2027q1_contribution_plus_balance:upside/formula/refs/1 | None | upside_2027q1_net_balance_revenue |
| /operating_model/cells/upside_2027q1_contribution_plus_balance:upside/id | None | upside_2027q1_contribution_plus_balance |
| /operating_model/cells/upside_2027q1_contribution_plus_balance:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_contribution_plus_balance:upside/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/upside_2027q1_contribution_plus_balance:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_contribution_plus_balance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_contribution_plus_balance:upside/value | None | 286.58000000000004 |
| /operating_model/cells/upside_2027q1_convert_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_convert_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_convert_interest:upside/id | None | upside_2027q1_convert_interest |
| /operating_model/cells/upside_2027q1_convert_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_convert_interest:upside/label | None | Convertible GAAP interest |
| /operating_model/cells/upside_2027q1_convert_interest:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_convert_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_convert_interest:upside/value | None | 4.5 |
| /operating_model/cells/upside_2027q1_corporate_net_interest_cash:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_corporate_net_interest_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_corporate_net_interest_cash:upside/id | None | upside_2027q1_corporate_net_interest_cash |
| /operating_model/cells/upside_2027q1_corporate_net_interest_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_corporate_net_interest_cash:upside/label | None | Net corporate cash interest |
| /operating_model/cells/upside_2027q1_corporate_net_interest_cash:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_corporate_net_interest_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_corporate_net_interest_cash:upside/value | None | 1.0 |
| /operating_model/cells/upside_2027q1_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_da:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_da:upside/id | None | upside_2027q1_da |
| /operating_model/cells/upside_2027q1_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_da:upside/label | None | Depreciation and amortization |
| /operating_model/cells/upside_2027q1_da:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_da:upside/value | None | 8.0 |
| /operating_model/cells/upside_2027q1_debt_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_debt_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_debt_principal:upside/id | None | upside_2027q1_debt_principal |
| /operating_model/cells/upside_2027q1_debt_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_debt_principal:upside/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/upside_2027q1_debt_principal:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_debt_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_debt_principal:upside/value | None | 7.0 |
| /operating_model/cells/upside_2027q1_ebitda_exclusions:upside/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/upside_2027q1_ebitda_exclusions:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_ebitda_exclusions:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_ebitda_exclusions:upside/formula/refs/0 | None | upside_2027q1_sbc |
| /operating_model/cells/upside_2027q1_ebitda_exclusions:upside/formula/refs/1 | None | upside_2027q1_payroll |
| /operating_model/cells/upside_2027q1_ebitda_exclusions:upside/formula/refs/2 | None | upside_2027q1_da |
| /operating_model/cells/upside_2027q1_ebitda_exclusions:upside/formula/refs/3 | None | upside_2027q1_convert_interest |
| /operating_model/cells/upside_2027q1_ebitda_exclusions:upside/formula/refs/4 | None | upside_2027q1_net_other_income |
| /operating_model/cells/upside_2027q1_ebitda_exclusions:upside/id | None | upside_2027q1_ebitda_exclusions |
| /operating_model/cells/upside_2027q1_ebitda_exclusions:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_ebitda_exclusions:upside/label | None | GAAP bridge exclusions |
| /operating_model/cells/upside_2027q1_ebitda_exclusions:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_ebitda_exclusions:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_ebitda_exclusions:upside/value | None | 65.0 |
| /operating_model/cells/upside_2027q1_fair_value_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_fair_value_loss:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_fair_value_loss:upside/id | None | upside_2027q1_fair_value_loss |
| /operating_model/cells/upside_2027q1_fair_value_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_fair_value_loss:upside/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/upside_2027q1_fair_value_loss:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_fair_value_loss:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_fair_value_loss:upside/value | None | 13.0 |
| /operating_model/cells/upside_2027q1_fee_realization:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_fee_realization:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_fee_realization:upside/id | None | upside_2027q1_fee_realization |
| /operating_model/cells/upside_2027q1_fee_realization:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_fee_realization:upside/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/upside_2027q1_fee_realization:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_fee_realization:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_fee_realization:upside/value | None | 0.9887972323538259 |
| /operating_model/cells/upside_2027q1_fees:upside/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/upside_2027q1_fees:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_fees:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_fees:upside/formula/refs/0 | None | upside_2027q1_unsecured_fee |
| /operating_model/cells/upside_2027q1_fees:upside/formula/refs/1 | None | upside_2027q1_secured_fee |
| /operating_model/cells/upside_2027q1_fees:upside/id | None | upside_2027q1_fees |
| /operating_model/cells/upside_2027q1_fees:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_fees:upside/label | None | Total fee revenue |
| /operating_model/cells/upside_2027q1_fees:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_fees:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_fees:upside/value | None | 420.0 |
| /operating_model/cells/upside_2027q1_fixed_adjusted_cost:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_fixed_adjusted_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_fixed_adjusted_cost:upside/id | None | upside_2027q1_fixed_adjusted_cost |
| /operating_model/cells/upside_2027q1_fixed_adjusted_cost:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_fixed_adjusted_cost:upside/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/upside_2027q1_fixed_adjusted_cost:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_fixed_adjusted_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_fixed_adjusted_cost:upside/value | None | 152.0 |
| /operating_model/cells/upside_2027q1_funding_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_funding_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_funding_interest:upside/id | None | upside_2027q1_funding_interest |
| /operating_model/cells/upside_2027q1_funding_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_funding_interest:upside/label | None | Balance-sheet funding interest |
| /operating_model/cells/upside_2027q1_funding_interest:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_funding_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_funding_interest:upside/value | None | 15.0 |
| /operating_model/cells/upside_2027q1_hfs_funding:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_hfs_funding:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_hfs_funding:upside/id | None | upside_2027q1_hfs_funding |
| /operating_model/cells/upside_2027q1_hfs_funding:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_hfs_funding:upside/label | None | Net operating loan-settlement funding |
| /operating_model/cells/upside_2027q1_hfs_funding:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_hfs_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_hfs_funding:upside/value | None | 30.0 |
| /operating_model/cells/upside_2027q1_investment_and_claims:upside/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/upside_2027q1_investment_and_claims:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_investment_and_claims:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_investment_and_claims:upside/formula/refs/0 | None | upside_2027q1_capex |
| /operating_model/cells/upside_2027q1_investment_and_claims:upside/formula/refs/1 | None | upside_2027q1_lending_investment |
| /operating_model/cells/upside_2027q1_investment_and_claims:upside/formula/refs/2 | None | upside_2027q1_debt_principal |
| /operating_model/cells/upside_2027q1_investment_and_claims:upside/formula/refs/3 | None | upside_2027q1_buybacks |
| /operating_model/cells/upside_2027q1_investment_and_claims:upside/id | None | upside_2027q1_investment_and_claims |
| /operating_model/cells/upside_2027q1_investment_and_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_investment_and_claims:upside/label | None | Loan investment capex and capital claims |
| /operating_model/cells/upside_2027q1_investment_and_claims:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_investment_and_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_investment_and_claims:upside/value | None | 37.0 |
| /operating_model/cells/upside_2027q1_lending_investment:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_lending_investment:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_lending_investment:upside/id | None | upside_2027q1_lending_investment |
| /operating_model/cells/upside_2027q1_lending_investment:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_lending_investment:upside/label | None | Net HFI investment |
| /operating_model/cells/upside_2027q1_lending_investment:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_lending_investment:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_lending_investment:upside/value | None | 20.0 |
| /operating_model/cells/upside_2027q1_loan_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_loan_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_loan_interest:upside/id | None | upside_2027q1_loan_interest |
| /operating_model/cells/upside_2027q1_loan_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_loan_interest:upside/label | None | Loan interest income |
| /operating_model/cells/upside_2027q1_loan_interest:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_loan_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_loan_interest:upside/value | None | 72.0 |
| /operating_model/cells/upside_2027q1_net_balance_revenue:upside/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/upside_2027q1_net_balance_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_net_balance_revenue:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_net_balance_revenue:upside/formula/refs/0 | None | upside_2027q1_loan_interest |
| /operating_model/cells/upside_2027q1_net_balance_revenue:upside/formula/refs/1 | None | upside_2027q1_balance_cost |
| /operating_model/cells/upside_2027q1_net_balance_revenue:upside/id | None | upside_2027q1_net_balance_revenue |
| /operating_model/cells/upside_2027q1_net_balance_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_net_balance_revenue:upside/label | None | Net balance-sheet revenue |
| /operating_model/cells/upside_2027q1_net_balance_revenue:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_net_balance_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_net_balance_revenue:upside/value | None | 44.0 |
| /operating_model/cells/upside_2027q1_net_other_income:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_net_other_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_net_other_income:upside/id | None | upside_2027q1_net_other_income |
| /operating_model/cells/upside_2027q1_net_other_income:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_net_other_income:upside/label | None | Net other income after convertible interest |
| /operating_model/cells/upside_2027q1_net_other_income:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_net_other_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_net_other_income:upside/value | None | 2.0 |
| /operating_model/cells/upside_2027q1_operating_income:upside/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/upside_2027q1_operating_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_operating_income:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_operating_income:upside/formula/refs/0 | None | upside_2027q1_adj_ebitda |
| /operating_model/cells/upside_2027q1_operating_income:upside/formula/refs/1 | None | upside_2027q1_ebitda_exclusions |
| /operating_model/cells/upside_2027q1_operating_income:upside/id | None | upside_2027q1_operating_income |
| /operating_model/cells/upside_2027q1_operating_income:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_operating_income:upside/label | None | GAAP operating income proxy |
| /operating_model/cells/upside_2027q1_operating_income:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_operating_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_operating_income:upside/value | None | 69.58000000000004 |
| /operating_model/cells/upside_2027q1_operating_noncash_bridge:upside/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/upside_2027q1_operating_noncash_bridge:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_operating_noncash_bridge:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_operating_noncash_bridge:upside/formula/refs/0 | None | upside_2027q1_operating_income |
| /operating_model/cells/upside_2027q1_operating_noncash_bridge:upside/formula/refs/1 | None | upside_2027q1_sbc |
| /operating_model/cells/upside_2027q1_operating_noncash_bridge:upside/formula/refs/2 | None | upside_2027q1_da |
| /operating_model/cells/upside_2027q1_operating_noncash_bridge:upside/formula/refs/3 | None | upside_2027q1_fair_value_loss |
| /operating_model/cells/upside_2027q1_operating_noncash_bridge:upside/id | None | upside_2027q1_operating_noncash_bridge |
| /operating_model/cells/upside_2027q1_operating_noncash_bridge:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_operating_noncash_bridge:upside/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/upside_2027q1_operating_noncash_bridge:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_operating_noncash_bridge:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_operating_noncash_bridge:upside/value | None | 139.58000000000004 |
| /operating_model/cells/upside_2027q1_payroll:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_payroll:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_payroll:upside/id | None | upside_2027q1_payroll |
| /operating_model/cells/upside_2027q1_payroll:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_payroll:upside/label | None | Equity payroll adjustment |
| /operating_model/cells/upside_2027q1_payroll:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_payroll:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_payroll:upside/value | None | 1.5 |
| /operating_model/cells/upside_2027q1_revenue:upside/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/upside_2027q1_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_revenue:upside/formula/refs/0 | None | upside_2027q1_fees |
| /operating_model/cells/upside_2027q1_revenue:upside/formula/refs/1 | None | upside_2027q1_net_balance_revenue |
| /operating_model/cells/upside_2027q1_revenue:upside/id | None | upside_2027q1_revenue |
| /operating_model/cells/upside_2027q1_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_revenue:upside/label | None | Total revenue |
| /operating_model/cells/upside_2027q1_revenue:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_revenue:upside/value | None | 464.0 |
| /operating_model/cells/upside_2027q1_sbc:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_sbc:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_sbc:upside/id | None | upside_2027q1_sbc |
| /operating_model/cells/upside_2027q1_sbc:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_sbc:upside/label | None | SBC expense |
| /operating_model/cells/upside_2027q1_sbc:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_sbc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_sbc:upside/value | None | 49.0 |
| /operating_model/cells/upside_2027q1_secured_cm:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_secured_cm:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_secured_cm:upside/id | None | upside_2027q1_secured_cm |
| /operating_model/cells/upside_2027q1_secured_cm:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_secured_cm:upside/label | None | Secured contribution margin |
| /operating_model/cells/upside_2027q1_secured_cm:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_secured_cm:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_secured_cm:upside/value | None | 0.07 |
| /operating_model/cells/upside_2027q1_secured_contribution:upside/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/upside_2027q1_secured_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_secured_contribution:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q1_secured_contribution:upside/formula/refs/0 | None | upside_2027q1_secured_fee |
| /operating_model/cells/upside_2027q1_secured_contribution:upside/formula/refs/1 | None | upside_2027q1_secured_cm |
| /operating_model/cells/upside_2027q1_secured_contribution:upside/id | None | upside_2027q1_secured_contribution |
| /operating_model/cells/upside_2027q1_secured_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_secured_contribution:upside/label | None | Secured contribution |
| /operating_model/cells/upside_2027q1_secured_contribution:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_secured_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_secured_contribution:upside/value | None | 3.22 |
| /operating_model/cells/upside_2027q1_secured_fee:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_secured_fee:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_secured_fee:upside/id | None | upside_2027q1_secured_fee |
| /operating_model/cells/upside_2027q1_secured_fee:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_secured_fee:upside/label | None | Secured fee revenue |
| /operating_model/cells/upside_2027q1_secured_fee:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_secured_fee:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_secured_fee:upside/value | None | 46.0 |
| /operating_model/cells/upside_2027q1_unsecured_cm:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_unsecured_cm:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_unsecured_cm:upside/id | None | upside_2027q1_unsecured_cm |
| /operating_model/cells/upside_2027q1_unsecured_cm:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_unsecured_cm:upside/label | None | Unsecured contribution margin |
| /operating_model/cells/upside_2027q1_unsecured_cm:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_unsecured_cm:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_unsecured_cm:upside/value | None | 0.64 |
| /operating_model/cells/upside_2027q1_unsecured_contribution:upside/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/upside_2027q1_unsecured_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_unsecured_contribution:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q1_unsecured_contribution:upside/formula/refs/0 | None | upside_2027q1_unsecured_fee |
| /operating_model/cells/upside_2027q1_unsecured_contribution:upside/formula/refs/1 | None | upside_2027q1_unsecured_cm |
| /operating_model/cells/upside_2027q1_unsecured_contribution:upside/id | None | upside_2027q1_unsecured_contribution |
| /operating_model/cells/upside_2027q1_unsecured_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_unsecured_contribution:upside/label | None | Unsecured contribution |
| /operating_model/cells/upside_2027q1_unsecured_contribution:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_unsecured_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_unsecured_contribution:upside/value | None | 239.36 |
| /operating_model/cells/upside_2027q1_unsecured_fee:upside/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/upside_2027q1_unsecured_fee:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_unsecured_fee:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q1_unsecured_fee:upside/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/upside_2027q1_unsecured_fee:upside/formula/refs/1 | None | upside_2027q1_activity |
| /operating_model/cells/upside_2027q1_unsecured_fee:upside/formula/refs/2 | None | upside_2027q1_fee_realization |
| /operating_model/cells/upside_2027q1_unsecured_fee:upside/id | None | upside_2027q1_unsecured_fee |
| /operating_model/cells/upside_2027q1_unsecured_fee:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_unsecured_fee:upside/label | None | Unsecured fee revenue |
| /operating_model/cells/upside_2027q1_unsecured_fee:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_unsecured_fee:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_unsecured_fee:upside/value | None | 374.0 |
| /operating_model/cells/upside_2027q1_volume:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_volume:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_volume:upside/id | None | upside_2027q1_volume |
| /operating_model/cells/upside_2027q1_volume:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_volume:upside/label | None | Facilitated principal |
| /operating_model/cells/upside_2027q1_volume:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_volume:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_volume:upside/value | None | 4900.0 |
| /operating_model/cells/upside_2027q1_working_capital_use:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_working_capital_use:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_working_capital_use:upside/id | None | upside_2027q1_working_capital_use |
| /operating_model/cells/upside_2027q1_working_capital_use:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_working_capital_use:upside/label | None | Other working-capital and settlement use |
| /operating_model/cells/upside_2027q1_working_capital_use:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_working_capital_use:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_working_capital_use:upside/value | None | 19.0 |
| /operating_model/cells/upside_2027q2_activity:upside/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/upside_2027q2_activity:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_activity:upside/formula/op | None | divide |
| /operating_model/cells/upside_2027q2_activity:upside/formula/refs/0 | None | upside_2027q2_volume |
| /operating_model/cells/upside_2027q2_activity:upside/formula/refs/1 | None | q2_volume |
| /operating_model/cells/upside_2027q2_activity:upside/id | None | upside_2027q2_activity |
| /operating_model/cells/upside_2027q2_activity:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_activity:upside/label | None | Activity versus Q2 |
| /operating_model/cells/upside_2027q2_activity:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_activity:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_activity:upside/value | None | 1.3011056559299428 |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/formula/refs/0 | None | upside_2027q2_contribution_plus_balance |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/formula/refs/1 | None | upside_2027q2_fixed_adjusted_cost |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/id | None | upside_2027q2_adj_ebitda |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/value | None | 145.89999999999998 |
| /operating_model/cells/upside_2027q2_asset_cash:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_asset_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_asset_cash:upside/id | None | upside_2027q2_asset_cash |
| /operating_model/cells/upside_2027q2_asset_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_asset_cash:upside/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/upside_2027q2_asset_cash:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_asset_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_asset_cash:upside/value | None | 40.0 |
| /operating_model/cells/upside_2027q2_available_cash:upside/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/upside_2027q2_available_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_available_cash:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_available_cash:upside/formula/refs/0 | None | upside_2027q2_cfo |
| /operating_model/cells/upside_2027q2_available_cash:upside/formula/refs/1 | None | upside_2027q2_asset_cash |
| /operating_model/cells/upside_2027q2_available_cash:upside/id | None | upside_2027q2_available_cash |
| /operating_model/cells/upside_2027q2_available_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_available_cash:upside/label | None | CFO plus asset receipts |
| /operating_model/cells/upside_2027q2_available_cash:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_available_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_available_cash:upside/value | None | 126.89999999999998 |
| /operating_model/cells/upside_2027q2_balance_cost:upside/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/upside_2027q2_balance_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_balance_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_balance_cost:upside/formula/refs/0 | None | upside_2027q2_funding_interest |
| /operating_model/cells/upside_2027q2_balance_cost:upside/formula/refs/1 | None | upside_2027q2_fair_value_loss |
| /operating_model/cells/upside_2027q2_balance_cost:upside/id | None | upside_2027q2_balance_cost |
| /operating_model/cells/upside_2027q2_balance_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_balance_cost:upside/label | None | Funding and fair-value costs |
| /operating_model/cells/upside_2027q2_balance_cost:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_balance_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_balance_cost:upside/value | None | 30.0 |
| /operating_model/cells/upside_2027q2_buybacks:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_buybacks:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_buybacks:upside/id | None | upside_2027q2_buybacks |
| /operating_model/cells/upside_2027q2_buybacks:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_buybacks:upside/label | None | Optional repurchases |
| /operating_model/cells/upside_2027q2_buybacks:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_buybacks:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_buybacks:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q2_capex:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_capex:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_capex:upside/id | None | upside_2027q2_capex |
| /operating_model/cells/upside_2027q2_capex:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_capex:upside/label | None | Cash PP&E and software |
| /operating_model/cells/upside_2027q2_capex:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_capex:upside/value | None | 11.0 |
| /operating_model/cells/upside_2027q2_cash_after_claims:upside/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/upside_2027q2_cash_after_claims:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_cash_after_claims:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_cash_after_claims:upside/formula/refs/0 | None | upside_2027q2_available_cash |
| /operating_model/cells/upside_2027q2_cash_after_claims:upside/formula/refs/1 | None | upside_2027q2_investment_and_claims |
| /operating_model/cells/upside_2027q2_cash_after_claims:upside/id | None | upside_2027q2_cash_after_claims |
| /operating_model/cells/upside_2027q2_cash_after_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_cash_after_claims:upside/label | None | Cash after lending and capital claims |
| /operating_model/cells/upside_2027q2_cash_after_claims:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_cash_after_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_cash_after_claims:upside/value | None | 83.89999999999998 |
| /operating_model/cells/upside_2027q2_cash_before_settlement:upside/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/upside_2027q2_cash_before_settlement:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_cash_before_settlement:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_cash_before_settlement:upside/formula/refs/0 | None | upside_2027q2_operating_noncash_bridge |
| /operating_model/cells/upside_2027q2_cash_before_settlement:upside/formula/refs/1 | None | upside_2027q2_cash_timing |
| /operating_model/cells/upside_2027q2_cash_before_settlement:upside/id | None | upside_2027q2_cash_before_settlement |
| /operating_model/cells/upside_2027q2_cash_before_settlement:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_cash_before_settlement:upside/label | None | Cash before operating loan settlement |
| /operating_model/cells/upside_2027q2_cash_before_settlement:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_cash_before_settlement:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_cash_before_settlement:upside/value | None | 126.89999999999998 |
| /operating_model/cells/upside_2027q2_cash_tax:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_cash_tax:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_cash_tax:upside/id | None | upside_2027q2_cash_tax |
| /operating_model/cells/upside_2027q2_cash_tax:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_cash_tax:upside/label | None | Cash tax |
| /operating_model/cells/upside_2027q2_cash_tax:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_cash_tax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_cash_tax:upside/value | None | 3.0 |
| /operating_model/cells/upside_2027q2_cash_timing:upside/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/upside_2027q2_cash_timing:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_cash_timing:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_cash_timing:upside/formula/refs/0 | None | upside_2027q2_cash_tax |
| /operating_model/cells/upside_2027q2_cash_timing:upside/formula/refs/1 | None | upside_2027q2_corporate_net_interest_cash |
| /operating_model/cells/upside_2027q2_cash_timing:upside/formula/refs/2 | None | upside_2027q2_working_capital_use |
| /operating_model/cells/upside_2027q2_cash_timing:upside/id | None | upside_2027q2_cash_timing |
| /operating_model/cells/upside_2027q2_cash_timing:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_cash_timing:upside/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/upside_2027q2_cash_timing:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_cash_timing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_cash_timing:upside/value | None | 25.0 |
| /operating_model/cells/upside_2027q2_cfo:upside/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/upside_2027q2_cfo:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_cfo:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_cfo:upside/formula/refs/0 | None | upside_2027q2_cash_before_settlement |
| /operating_model/cells/upside_2027q2_cfo:upside/formula/refs/1 | None | upside_2027q2_hfs_funding |
| /operating_model/cells/upside_2027q2_cfo:upside/id | None | upside_2027q2_cfo |
| /operating_model/cells/upside_2027q2_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_cfo:upside/label | None | CFO after operating loan settlement |
| /operating_model/cells/upside_2027q2_cfo:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_cfo:upside/value | None | 86.89999999999998 |
| /operating_model/cells/upside_2027q2_contribution:upside/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/upside_2027q2_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_contribution:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_contribution:upside/formula/refs/0 | None | upside_2027q2_unsecured_contribution |
| /operating_model/cells/upside_2027q2_contribution:upside/formula/refs/1 | None | upside_2027q2_secured_contribution |
| /operating_model/cells/upside_2027q2_contribution:upside/id | None | upside_2027q2_contribution |
| /operating_model/cells/upside_2027q2_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_contribution:upside/label | None | Fee contribution profit |
| /operating_model/cells/upside_2027q2_contribution:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_contribution:upside/value | None | 264.9 |
| /operating_model/cells/upside_2027q2_contribution_plus_balance:upside/basis | None | Direct fee costs already removed. |
| /operating_model/cells/upside_2027q2_contribution_plus_balance:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_contribution_plus_balance:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_contribution_plus_balance:upside/formula/refs/0 | None | upside_2027q2_contribution |
| /operating_model/cells/upside_2027q2_contribution_plus_balance:upside/formula/refs/1 | None | upside_2027q2_net_balance_revenue |
| /operating_model/cells/upside_2027q2_contribution_plus_balance:upside/id | None | upside_2027q2_contribution_plus_balance |
| /operating_model/cells/upside_2027q2_contribution_plus_balance:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_contribution_plus_balance:upside/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/upside_2027q2_contribution_plus_balance:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_contribution_plus_balance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_contribution_plus_balance:upside/value | None | 310.9 |
| /operating_model/cells/upside_2027q2_convert_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_convert_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_convert_interest:upside/id | None | upside_2027q2_convert_interest |
| /operating_model/cells/upside_2027q2_convert_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_convert_interest:upside/label | None | Convertible GAAP interest |
| /operating_model/cells/upside_2027q2_convert_interest:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_convert_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_convert_interest:upside/value | None | 4.5 |
| /operating_model/cells/upside_2027q2_corporate_net_interest_cash:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_corporate_net_interest_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_corporate_net_interest_cash:upside/id | None | upside_2027q2_corporate_net_interest_cash |
| /operating_model/cells/upside_2027q2_corporate_net_interest_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_corporate_net_interest_cash:upside/label | None | Net corporate cash interest |
| /operating_model/cells/upside_2027q2_corporate_net_interest_cash:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_corporate_net_interest_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_corporate_net_interest_cash:upside/value | None | 1.0 |
| /operating_model/cells/upside_2027q2_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_da:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_da:upside/id | None | upside_2027q2_da |
| /operating_model/cells/upside_2027q2_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_da:upside/label | None | Depreciation and amortization |
| /operating_model/cells/upside_2027q2_da:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_da:upside/value | None | 8.5 |
| /operating_model/cells/upside_2027q2_debt_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_debt_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_debt_principal:upside/id | None | upside_2027q2_debt_principal |
| /operating_model/cells/upside_2027q2_debt_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_debt_principal:upside/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/upside_2027q2_debt_principal:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_debt_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_debt_principal:upside/value | None | 7.0 |
| /operating_model/cells/upside_2027q2_ebitda_exclusions:upside/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/upside_2027q2_ebitda_exclusions:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_ebitda_exclusions:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_ebitda_exclusions:upside/formula/refs/0 | None | upside_2027q2_sbc |
| /operating_model/cells/upside_2027q2_ebitda_exclusions:upside/formula/refs/1 | None | upside_2027q2_payroll |
| /operating_model/cells/upside_2027q2_ebitda_exclusions:upside/formula/refs/2 | None | upside_2027q2_da |
| /operating_model/cells/upside_2027q2_ebitda_exclusions:upside/formula/refs/3 | None | upside_2027q2_convert_interest |
| /operating_model/cells/upside_2027q2_ebitda_exclusions:upside/formula/refs/4 | None | upside_2027q2_net_other_income |
| /operating_model/cells/upside_2027q2_ebitda_exclusions:upside/id | None | upside_2027q2_ebitda_exclusions |
| /operating_model/cells/upside_2027q2_ebitda_exclusions:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_ebitda_exclusions:upside/label | None | GAAP bridge exclusions |
| /operating_model/cells/upside_2027q2_ebitda_exclusions:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_ebitda_exclusions:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_ebitda_exclusions:upside/value | None | 68.5 |
| /operating_model/cells/upside_2027q2_fair_value_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_fair_value_loss:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_fair_value_loss:upside/id | None | upside_2027q2_fair_value_loss |
| /operating_model/cells/upside_2027q2_fair_value_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_fair_value_loss:upside/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/upside_2027q2_fair_value_loss:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_fair_value_loss:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_fair_value_loss:upside/value | None | 14.0 |
| /operating_model/cells/upside_2027q2_fee_realization:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_fee_realization:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_fee_realization:upside/id | None | upside_2027q2_fee_realization |
| /operating_model/cells/upside_2027q2_fee_realization:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_fee_realization:upside/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/upside_2027q2_fee_realization:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_fee_realization:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_fee_realization:upside/value | None | 0.9539465763763574 |
| /operating_model/cells/upside_2027q2_fees:upside/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/upside_2027q2_fees:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_fees:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_fees:upside/formula/refs/0 | None | upside_2027q2_unsecured_fee |
| /operating_model/cells/upside_2027q2_fees:upside/formula/refs/1 | None | upside_2027q2_secured_fee |
| /operating_model/cells/upside_2027q2_fees:upside/id | None | upside_2027q2_fees |
| /operating_model/cells/upside_2027q2_fees:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_fees:upside/label | None | Total fee revenue |
| /operating_model/cells/upside_2027q2_fees:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_fees:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_fees:upside/value | None | 464.99999999999994 |
| /operating_model/cells/upside_2027q2_fixed_adjusted_cost:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_fixed_adjusted_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_fixed_adjusted_cost:upside/id | None | upside_2027q2_fixed_adjusted_cost |
| /operating_model/cells/upside_2027q2_fixed_adjusted_cost:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_fixed_adjusted_cost:upside/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/upside_2027q2_fixed_adjusted_cost:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_fixed_adjusted_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_fixed_adjusted_cost:upside/value | None | 165.0 |
| /operating_model/cells/upside_2027q2_funding_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_funding_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_funding_interest:upside/id | None | upside_2027q2_funding_interest |
| /operating_model/cells/upside_2027q2_funding_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_funding_interest:upside/label | None | Balance-sheet funding interest |
| /operating_model/cells/upside_2027q2_funding_interest:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_funding_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_funding_interest:upside/value | None | 16.0 |
| /operating_model/cells/upside_2027q2_hfs_funding:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_hfs_funding:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_hfs_funding:upside/id | None | upside_2027q2_hfs_funding |
| /operating_model/cells/upside_2027q2_hfs_funding:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_hfs_funding:upside/label | None | Net operating loan-settlement funding |
| /operating_model/cells/upside_2027q2_hfs_funding:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_hfs_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_hfs_funding:upside/value | None | 40.0 |
| /operating_model/cells/upside_2027q2_investment_and_claims:upside/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/upside_2027q2_investment_and_claims:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_investment_and_claims:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_investment_and_claims:upside/formula/refs/0 | None | upside_2027q2_capex |
| /operating_model/cells/upside_2027q2_investment_and_claims:upside/formula/refs/1 | None | upside_2027q2_lending_investment |
| /operating_model/cells/upside_2027q2_investment_and_claims:upside/formula/refs/2 | None | upside_2027q2_debt_principal |
| /operating_model/cells/upside_2027q2_investment_and_claims:upside/formula/refs/3 | None | upside_2027q2_buybacks |
| /operating_model/cells/upside_2027q2_investment_and_claims:upside/id | None | upside_2027q2_investment_and_claims |
| /operating_model/cells/upside_2027q2_investment_and_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_investment_and_claims:upside/label | None | Loan investment capex and capital claims |
| /operating_model/cells/upside_2027q2_investment_and_claims:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_investment_and_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_investment_and_claims:upside/value | None | 43.0 |
| /operating_model/cells/upside_2027q2_lending_investment:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_lending_investment:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_lending_investment:upside/id | None | upside_2027q2_lending_investment |
| /operating_model/cells/upside_2027q2_lending_investment:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_lending_investment:upside/label | None | Net HFI investment |
| /operating_model/cells/upside_2027q2_lending_investment:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_lending_investment:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_lending_investment:upside/value | None | 25.0 |
| /operating_model/cells/upside_2027q2_loan_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_loan_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_loan_interest:upside/id | None | upside_2027q2_loan_interest |
| /operating_model/cells/upside_2027q2_loan_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_loan_interest:upside/label | None | Loan interest income |
| /operating_model/cells/upside_2027q2_loan_interest:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_loan_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_loan_interest:upside/value | None | 76.0 |
| /operating_model/cells/upside_2027q2_net_balance_revenue:upside/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/upside_2027q2_net_balance_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_net_balance_revenue:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_net_balance_revenue:upside/formula/refs/0 | None | upside_2027q2_loan_interest |
| /operating_model/cells/upside_2027q2_net_balance_revenue:upside/formula/refs/1 | None | upside_2027q2_balance_cost |
| /operating_model/cells/upside_2027q2_net_balance_revenue:upside/id | None | upside_2027q2_net_balance_revenue |
| /operating_model/cells/upside_2027q2_net_balance_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_net_balance_revenue:upside/label | None | Net balance-sheet revenue |
| /operating_model/cells/upside_2027q2_net_balance_revenue:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_net_balance_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_net_balance_revenue:upside/value | None | 46.0 |
| /operating_model/cells/upside_2027q2_net_other_income:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_net_other_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_net_other_income:upside/id | None | upside_2027q2_net_other_income |
| /operating_model/cells/upside_2027q2_net_other_income:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_net_other_income:upside/label | None | Net other income after convertible interest |
| /operating_model/cells/upside_2027q2_net_other_income:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_net_other_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_net_other_income:upside/value | None | 2.0 |
| /operating_model/cells/upside_2027q2_operating_income:upside/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/upside_2027q2_operating_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_operating_income:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_operating_income:upside/formula/refs/0 | None | upside_2027q2_adj_ebitda |
| /operating_model/cells/upside_2027q2_operating_income:upside/formula/refs/1 | None | upside_2027q2_ebitda_exclusions |
| /operating_model/cells/upside_2027q2_operating_income:upside/id | None | upside_2027q2_operating_income |
| /operating_model/cells/upside_2027q2_operating_income:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_operating_income:upside/label | None | GAAP operating income proxy |
| /operating_model/cells/upside_2027q2_operating_income:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_operating_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_operating_income:upside/value | None | 77.39999999999998 |
| /operating_model/cells/upside_2027q2_operating_noncash_bridge:upside/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/upside_2027q2_operating_noncash_bridge:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_operating_noncash_bridge:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_operating_noncash_bridge:upside/formula/refs/0 | None | upside_2027q2_operating_income |
| /operating_model/cells/upside_2027q2_operating_noncash_bridge:upside/formula/refs/1 | None | upside_2027q2_sbc |
| /operating_model/cells/upside_2027q2_operating_noncash_bridge:upside/formula/refs/2 | None | upside_2027q2_da |
| /operating_model/cells/upside_2027q2_operating_noncash_bridge:upside/formula/refs/3 | None | upside_2027q2_fair_value_loss |
| /operating_model/cells/upside_2027q2_operating_noncash_bridge:upside/id | None | upside_2027q2_operating_noncash_bridge |
| /operating_model/cells/upside_2027q2_operating_noncash_bridge:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_operating_noncash_bridge:upside/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/upside_2027q2_operating_noncash_bridge:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_operating_noncash_bridge:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_operating_noncash_bridge:upside/value | None | 151.89999999999998 |
| /operating_model/cells/upside_2027q2_payroll:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_payroll:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_payroll:upside/id | None | upside_2027q2_payroll |
| /operating_model/cells/upside_2027q2_payroll:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_payroll:upside/label | None | Equity payroll adjustment |
| /operating_model/cells/upside_2027q2_payroll:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_payroll:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_payroll:upside/value | None | 1.5 |
| /operating_model/cells/upside_2027q2_revenue:upside/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/upside_2027q2_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_revenue:upside/formula/refs/0 | None | upside_2027q2_fees |
| /operating_model/cells/upside_2027q2_revenue:upside/formula/refs/1 | None | upside_2027q2_net_balance_revenue |
| /operating_model/cells/upside_2027q2_revenue:upside/id | None | upside_2027q2_revenue |
| /operating_model/cells/upside_2027q2_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_revenue:upside/label | None | Total revenue |
| /operating_model/cells/upside_2027q2_revenue:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_revenue:upside/value | None | 510.99999999999994 |
| /operating_model/cells/upside_2027q2_sbc:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_sbc:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_sbc:upside/id | None | upside_2027q2_sbc |
| /operating_model/cells/upside_2027q2_sbc:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_sbc:upside/label | None | SBC expense |
| /operating_model/cells/upside_2027q2_sbc:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_sbc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_sbc:upside/value | None | 52.0 |
| /operating_model/cells/upside_2027q2_secured_cm:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_secured_cm:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_secured_cm:upside/id | None | upside_2027q2_secured_cm |
| /operating_model/cells/upside_2027q2_secured_cm:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_secured_cm:upside/label | None | Secured contribution margin |
| /operating_model/cells/upside_2027q2_secured_cm:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_secured_cm:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_secured_cm:upside/value | None | 0.09500000000000001 |
| /operating_model/cells/upside_2027q2_secured_contribution:upside/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/upside_2027q2_secured_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_secured_contribution:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q2_secured_contribution:upside/formula/refs/0 | None | upside_2027q2_secured_fee |
| /operating_model/cells/upside_2027q2_secured_contribution:upside/formula/refs/1 | None | upside_2027q2_secured_cm |
| /operating_model/cells/upside_2027q2_secured_contribution:upside/id | None | upside_2027q2_secured_contribution |
| /operating_model/cells/upside_2027q2_secured_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_secured_contribution:upside/label | None | Secured contribution |
| /operating_model/cells/upside_2027q2_secured_contribution:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_secured_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_secured_contribution:upside/value | None | 5.700000000000001 |
| /operating_model/cells/upside_2027q2_secured_fee:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_secured_fee:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_secured_fee:upside/id | None | upside_2027q2_secured_fee |
| /operating_model/cells/upside_2027q2_secured_fee:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_secured_fee:upside/label | None | Secured fee revenue |
| /operating_model/cells/upside_2027q2_secured_fee:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_secured_fee:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_secured_fee:upside/value | None | 60.0 |
| /operating_model/cells/upside_2027q2_unsecured_cm:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_unsecured_cm:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_unsecured_cm:upside/id | None | upside_2027q2_unsecured_cm |
| /operating_model/cells/upside_2027q2_unsecured_cm:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_unsecured_cm:upside/label | None | Unsecured contribution margin |
| /operating_model/cells/upside_2027q2_unsecured_cm:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_unsecured_cm:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_unsecured_cm:upside/value | None | 0.64 |
| /operating_model/cells/upside_2027q2_unsecured_contribution:upside/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/upside_2027q2_unsecured_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_unsecured_contribution:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q2_unsecured_contribution:upside/formula/refs/0 | None | upside_2027q2_unsecured_fee |
| /operating_model/cells/upside_2027q2_unsecured_contribution:upside/formula/refs/1 | None | upside_2027q2_unsecured_cm |
| /operating_model/cells/upside_2027q2_unsecured_contribution:upside/id | None | upside_2027q2_unsecured_contribution |
| /operating_model/cells/upside_2027q2_unsecured_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_unsecured_contribution:upside/label | None | Unsecured contribution |
| /operating_model/cells/upside_2027q2_unsecured_contribution:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_unsecured_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_unsecured_contribution:upside/value | None | 259.2 |
| /operating_model/cells/upside_2027q2_unsecured_fee:upside/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/upside_2027q2_unsecured_fee:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_unsecured_fee:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q2_unsecured_fee:upside/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/upside_2027q2_unsecured_fee:upside/formula/refs/1 | None | upside_2027q2_activity |
| /operating_model/cells/upside_2027q2_unsecured_fee:upside/formula/refs/2 | None | upside_2027q2_fee_realization |
| /operating_model/cells/upside_2027q2_unsecured_fee:upside/id | None | upside_2027q2_unsecured_fee |
| /operating_model/cells/upside_2027q2_unsecured_fee:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_unsecured_fee:upside/label | None | Unsecured fee revenue |
| /operating_model/cells/upside_2027q2_unsecured_fee:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_unsecured_fee:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_unsecured_fee:upside/value | None | 404.99999999999994 |
| /operating_model/cells/upside_2027q2_volume:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_volume:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_volume:upside/id | None | upside_2027q2_volume |
| /operating_model/cells/upside_2027q2_volume:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_volume:upside/label | None | Facilitated principal |
| /operating_model/cells/upside_2027q2_volume:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_volume:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_volume:upside/value | None | 5500.0 |
| /operating_model/cells/upside_2027q2_working_capital_use:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_working_capital_use:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_working_capital_use:upside/id | None | upside_2027q2_working_capital_use |
| /operating_model/cells/upside_2027q2_working_capital_use:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_working_capital_use:upside/label | None | Other working-capital and settlement use |
| /operating_model/cells/upside_2027q2_working_capital_use:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_working_capital_use:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_working_capital_use:upside/value | None | 21.0 |
| /operating_model/cells/upside_2027q3_activity:upside/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/upside_2027q3_activity:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_activity:upside/formula/op | None | divide |
| /operating_model/cells/upside_2027q3_activity:upside/formula/refs/0 | None | upside_2027q3_volume |
| /operating_model/cells/upside_2027q3_activity:upside/formula/refs/1 | None | q2_volume |
| /operating_model/cells/upside_2027q3_activity:upside/id | None | upside_2027q3_activity |
| /operating_model/cells/upside_2027q3_activity:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_activity:upside/label | None | Activity versus Q2 |
| /operating_model/cells/upside_2027q3_activity:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_activity:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_activity:upside/value | None | 1.4667009212301174 |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/formula/refs/0 | None | upside_2027q3_contribution_plus_balance |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/formula/refs/1 | None | upside_2027q3_fixed_adjusted_cost |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/id | None | upside_2027q3_adj_ebitda |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/value | None | 156.24 |
| /operating_model/cells/upside_2027q3_asset_cash:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_asset_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_asset_cash:upside/id | None | upside_2027q3_asset_cash |
| /operating_model/cells/upside_2027q3_asset_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_asset_cash:upside/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/upside_2027q3_asset_cash:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_asset_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_asset_cash:upside/value | None | 40.0 |
| /operating_model/cells/upside_2027q3_available_cash:upside/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/upside_2027q3_available_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_available_cash:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_available_cash:upside/formula/refs/0 | None | upside_2027q3_cfo |
| /operating_model/cells/upside_2027q3_available_cash:upside/formula/refs/1 | None | upside_2027q3_asset_cash |
| /operating_model/cells/upside_2027q3_available_cash:upside/id | None | upside_2027q3_available_cash |
| /operating_model/cells/upside_2027q3_available_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_available_cash:upside/label | None | CFO plus asset receipts |
| /operating_model/cells/upside_2027q3_available_cash:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_available_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_available_cash:upside/value | None | 131.24 |
| /operating_model/cells/upside_2027q3_balance_cost:upside/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/upside_2027q3_balance_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_balance_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_balance_cost:upside/formula/refs/0 | None | upside_2027q3_funding_interest |
| /operating_model/cells/upside_2027q3_balance_cost:upside/formula/refs/1 | None | upside_2027q3_fair_value_loss |
| /operating_model/cells/upside_2027q3_balance_cost:upside/id | None | upside_2027q3_balance_cost |
| /operating_model/cells/upside_2027q3_balance_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_balance_cost:upside/label | None | Funding and fair-value costs |
| /operating_model/cells/upside_2027q3_balance_cost:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_balance_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_balance_cost:upside/value | None | 32.0 |
| /operating_model/cells/upside_2027q3_buybacks:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_buybacks:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_buybacks:upside/id | None | upside_2027q3_buybacks |
| /operating_model/cells/upside_2027q3_buybacks:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_buybacks:upside/label | None | Optional repurchases |
| /operating_model/cells/upside_2027q3_buybacks:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_buybacks:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_buybacks:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q3_capex:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_capex:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_capex:upside/id | None | upside_2027q3_capex |
| /operating_model/cells/upside_2027q3_capex:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_capex:upside/label | None | Cash PP&E and software |
| /operating_model/cells/upside_2027q3_capex:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_capex:upside/value | None | 12.0 |
| /operating_model/cells/upside_2027q3_cash_after_claims:upside/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/upside_2027q3_cash_after_claims:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_cash_after_claims:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_cash_after_claims:upside/formula/refs/0 | None | upside_2027q3_available_cash |
| /operating_model/cells/upside_2027q3_cash_after_claims:upside/formula/refs/1 | None | upside_2027q3_investment_and_claims |
| /operating_model/cells/upside_2027q3_cash_after_claims:upside/id | None | upside_2027q3_cash_after_claims |
| /operating_model/cells/upside_2027q3_cash_after_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_cash_after_claims:upside/label | None | Cash after lending and capital claims |
| /operating_model/cells/upside_2027q3_cash_after_claims:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_cash_after_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_cash_after_claims:upside/value | None | 82.24000000000001 |
| /operating_model/cells/upside_2027q3_cash_before_settlement:upside/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/upside_2027q3_cash_before_settlement:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_cash_before_settlement:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_cash_before_settlement:upside/formula/refs/0 | None | upside_2027q3_operating_noncash_bridge |
| /operating_model/cells/upside_2027q3_cash_before_settlement:upside/formula/refs/1 | None | upside_2027q3_cash_timing |
| /operating_model/cells/upside_2027q3_cash_before_settlement:upside/id | None | upside_2027q3_cash_before_settlement |
| /operating_model/cells/upside_2027q3_cash_before_settlement:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_cash_before_settlement:upside/label | None | Cash before operating loan settlement |
| /operating_model/cells/upside_2027q3_cash_before_settlement:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_cash_before_settlement:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_cash_before_settlement:upside/value | None | 136.24 |
| /operating_model/cells/upside_2027q3_cash_tax:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_cash_tax:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_cash_tax:upside/id | None | upside_2027q3_cash_tax |
| /operating_model/cells/upside_2027q3_cash_tax:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_cash_tax:upside/label | None | Cash tax |
| /operating_model/cells/upside_2027q3_cash_tax:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_cash_tax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_cash_tax:upside/value | None | 3.0 |
| /operating_model/cells/upside_2027q3_cash_timing:upside/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/upside_2027q3_cash_timing:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_cash_timing:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_cash_timing:upside/formula/refs/0 | None | upside_2027q3_cash_tax |
| /operating_model/cells/upside_2027q3_cash_timing:upside/formula/refs/1 | None | upside_2027q3_corporate_net_interest_cash |
| /operating_model/cells/upside_2027q3_cash_timing:upside/formula/refs/2 | None | upside_2027q3_working_capital_use |
| /operating_model/cells/upside_2027q3_cash_timing:upside/id | None | upside_2027q3_cash_timing |
| /operating_model/cells/upside_2027q3_cash_timing:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_cash_timing:upside/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/upside_2027q3_cash_timing:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_cash_timing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_cash_timing:upside/value | None | 27.0 |
| /operating_model/cells/upside_2027q3_cfo:upside/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/upside_2027q3_cfo:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_cfo:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_cfo:upside/formula/refs/0 | None | upside_2027q3_cash_before_settlement |
| /operating_model/cells/upside_2027q3_cfo:upside/formula/refs/1 | None | upside_2027q3_hfs_funding |
| /operating_model/cells/upside_2027q3_cfo:upside/id | None | upside_2027q3_cfo |
| /operating_model/cells/upside_2027q3_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_cfo:upside/label | None | CFO after operating loan settlement |
| /operating_model/cells/upside_2027q3_cfo:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_cfo:upside/value | None | 91.24000000000001 |
| /operating_model/cells/upside_2027q3_contribution:upside/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/upside_2027q3_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_contribution:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_contribution:upside/formula/refs/0 | None | upside_2027q3_unsecured_contribution |
| /operating_model/cells/upside_2027q3_contribution:upside/formula/refs/1 | None | upside_2027q3_secured_contribution |
| /operating_model/cells/upside_2027q3_contribution:upside/id | None | upside_2027q3_contribution |
| /operating_model/cells/upside_2027q3_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_contribution:upside/label | None | Fee contribution profit |
| /operating_model/cells/upside_2027q3_contribution:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_contribution:upside/value | None | 292.24 |
| /operating_model/cells/upside_2027q3_contribution_plus_balance:upside/basis | None | Direct fee costs already removed. |
| /operating_model/cells/upside_2027q3_contribution_plus_balance:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_contribution_plus_balance:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_contribution_plus_balance:upside/formula/refs/0 | None | upside_2027q3_contribution |
| /operating_model/cells/upside_2027q3_contribution_plus_balance:upside/formula/refs/1 | None | upside_2027q3_net_balance_revenue |
| /operating_model/cells/upside_2027q3_contribution_plus_balance:upside/id | None | upside_2027q3_contribution_plus_balance |
| /operating_model/cells/upside_2027q3_contribution_plus_balance:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_contribution_plus_balance:upside/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/upside_2027q3_contribution_plus_balance:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_contribution_plus_balance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_contribution_plus_balance:upside/value | None | 340.24 |
| /operating_model/cells/upside_2027q3_convert_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_convert_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_convert_interest:upside/id | None | upside_2027q3_convert_interest |
| /operating_model/cells/upside_2027q3_convert_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_convert_interest:upside/label | None | Convertible GAAP interest |
| /operating_model/cells/upside_2027q3_convert_interest:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_convert_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_convert_interest:upside/value | None | 4.5 |
| /operating_model/cells/upside_2027q3_corporate_net_interest_cash:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_corporate_net_interest_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_corporate_net_interest_cash:upside/id | None | upside_2027q3_corporate_net_interest_cash |
| /operating_model/cells/upside_2027q3_corporate_net_interest_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_corporate_net_interest_cash:upside/label | None | Net corporate cash interest |
| /operating_model/cells/upside_2027q3_corporate_net_interest_cash:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_corporate_net_interest_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_corporate_net_interest_cash:upside/value | None | 1.0 |
| /operating_model/cells/upside_2027q3_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_da:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_da:upside/id | None | upside_2027q3_da |
| /operating_model/cells/upside_2027q3_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_da:upside/label | None | Depreciation and amortization |
| /operating_model/cells/upside_2027q3_da:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_da:upside/value | None | 9.0 |
| /operating_model/cells/upside_2027q3_debt_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_debt_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_debt_principal:upside/id | None | upside_2027q3_debt_principal |
| /operating_model/cells/upside_2027q3_debt_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_debt_principal:upside/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/upside_2027q3_debt_principal:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_debt_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_debt_principal:upside/value | None | 7.0 |
| /operating_model/cells/upside_2027q3_ebitda_exclusions:upside/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/upside_2027q3_ebitda_exclusions:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_ebitda_exclusions:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_ebitda_exclusions:upside/formula/refs/0 | None | upside_2027q3_sbc |
| /operating_model/cells/upside_2027q3_ebitda_exclusions:upside/formula/refs/1 | None | upside_2027q3_payroll |
| /operating_model/cells/upside_2027q3_ebitda_exclusions:upside/formula/refs/2 | None | upside_2027q3_da |
| /operating_model/cells/upside_2027q3_ebitda_exclusions:upside/formula/refs/3 | None | upside_2027q3_convert_interest |
| /operating_model/cells/upside_2027q3_ebitda_exclusions:upside/formula/refs/4 | None | upside_2027q3_net_other_income |
| /operating_model/cells/upside_2027q3_ebitda_exclusions:upside/id | None | upside_2027q3_ebitda_exclusions |
| /operating_model/cells/upside_2027q3_ebitda_exclusions:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_ebitda_exclusions:upside/label | None | GAAP bridge exclusions |
| /operating_model/cells/upside_2027q3_ebitda_exclusions:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_ebitda_exclusions:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_ebitda_exclusions:upside/value | None | 72.0 |
| /operating_model/cells/upside_2027q3_fair_value_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_fair_value_loss:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_fair_value_loss:upside/id | None | upside_2027q3_fair_value_loss |
| /operating_model/cells/upside_2027q3_fair_value_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_fair_value_loss:upside/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/upside_2027q3_fair_value_loss:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_fair_value_loss:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_fair_value_loss:upside/value | None | 15.0 |
| /operating_model/cells/upside_2027q3_fee_realization:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_fee_realization:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_fee_realization:upside/id | None | upside_2027q3_fee_realization |
| /operating_model/cells/upside_2027q3_fee_realization:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_fee_realization:upside/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/upside_2027q3_fee_realization:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_fee_realization:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_fee_realization:upside/value | None | 0.9235540132102449 |
| /operating_model/cells/upside_2027q3_fees:upside/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/upside_2027q3_fees:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_fees:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_fees:upside/formula/refs/0 | None | upside_2027q3_unsecured_fee |
| /operating_model/cells/upside_2027q3_fees:upside/formula/refs/1 | None | upside_2027q3_secured_fee |
| /operating_model/cells/upside_2027q3_fees:upside/id | None | upside_2027q3_fees |
| /operating_model/cells/upside_2027q3_fees:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_fees:upside/label | None | Total fee revenue |
| /operating_model/cells/upside_2027q3_fees:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_fees:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_fees:upside/value | None | 520.0 |
| /operating_model/cells/upside_2027q3_fixed_adjusted_cost:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_fixed_adjusted_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_fixed_adjusted_cost:upside/id | None | upside_2027q3_fixed_adjusted_cost |
| /operating_model/cells/upside_2027q3_fixed_adjusted_cost:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_fixed_adjusted_cost:upside/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/upside_2027q3_fixed_adjusted_cost:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_fixed_adjusted_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_fixed_adjusted_cost:upside/value | None | 184.0 |
| /operating_model/cells/upside_2027q3_funding_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_funding_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_funding_interest:upside/id | None | upside_2027q3_funding_interest |
| /operating_model/cells/upside_2027q3_funding_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_funding_interest:upside/label | None | Balance-sheet funding interest |
| /operating_model/cells/upside_2027q3_funding_interest:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_funding_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_funding_interest:upside/value | None | 17.0 |
| /operating_model/cells/upside_2027q3_hfs_funding:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_hfs_funding:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_hfs_funding:upside/id | None | upside_2027q3_hfs_funding |
| /operating_model/cells/upside_2027q3_hfs_funding:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_hfs_funding:upside/label | None | Net operating loan-settlement funding |
| /operating_model/cells/upside_2027q3_hfs_funding:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_hfs_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_hfs_funding:upside/value | None | 45.0 |
| /operating_model/cells/upside_2027q3_investment_and_claims:upside/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/upside_2027q3_investment_and_claims:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_investment_and_claims:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_investment_and_claims:upside/formula/refs/0 | None | upside_2027q3_capex |
| /operating_model/cells/upside_2027q3_investment_and_claims:upside/formula/refs/1 | None | upside_2027q3_lending_investment |
| /operating_model/cells/upside_2027q3_investment_and_claims:upside/formula/refs/2 | None | upside_2027q3_debt_principal |
| /operating_model/cells/upside_2027q3_investment_and_claims:upside/formula/refs/3 | None | upside_2027q3_buybacks |
| /operating_model/cells/upside_2027q3_investment_and_claims:upside/id | None | upside_2027q3_investment_and_claims |
| /operating_model/cells/upside_2027q3_investment_and_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_investment_and_claims:upside/label | None | Loan investment capex and capital claims |
| /operating_model/cells/upside_2027q3_investment_and_claims:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_investment_and_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_investment_and_claims:upside/value | None | 49.0 |
| /operating_model/cells/upside_2027q3_lending_investment:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_lending_investment:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_lending_investment:upside/id | None | upside_2027q3_lending_investment |
| /operating_model/cells/upside_2027q3_lending_investment:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_lending_investment:upside/label | None | Net HFI investment |
| /operating_model/cells/upside_2027q3_lending_investment:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_lending_investment:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_lending_investment:upside/value | None | 30.0 |
| /operating_model/cells/upside_2027q3_loan_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_loan_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_loan_interest:upside/id | None | upside_2027q3_loan_interest |
| /operating_model/cells/upside_2027q3_loan_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_loan_interest:upside/label | None | Loan interest income |
| /operating_model/cells/upside_2027q3_loan_interest:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_loan_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_loan_interest:upside/value | None | 80.0 |
| /operating_model/cells/upside_2027q3_net_balance_revenue:upside/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/upside_2027q3_net_balance_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_net_balance_revenue:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_net_balance_revenue:upside/formula/refs/0 | None | upside_2027q3_loan_interest |
| /operating_model/cells/upside_2027q3_net_balance_revenue:upside/formula/refs/1 | None | upside_2027q3_balance_cost |
| /operating_model/cells/upside_2027q3_net_balance_revenue:upside/id | None | upside_2027q3_net_balance_revenue |
| /operating_model/cells/upside_2027q3_net_balance_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_net_balance_revenue:upside/label | None | Net balance-sheet revenue |
| /operating_model/cells/upside_2027q3_net_balance_revenue:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_net_balance_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_net_balance_revenue:upside/value | None | 48.0 |
| /operating_model/cells/upside_2027q3_net_other_income:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_net_other_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_net_other_income:upside/id | None | upside_2027q3_net_other_income |
| /operating_model/cells/upside_2027q3_net_other_income:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_net_other_income:upside/label | None | Net other income after convertible interest |
| /operating_model/cells/upside_2027q3_net_other_income:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_net_other_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_net_other_income:upside/value | None | 2.0 |
| /operating_model/cells/upside_2027q3_operating_income:upside/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/upside_2027q3_operating_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_operating_income:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_operating_income:upside/formula/refs/0 | None | upside_2027q3_adj_ebitda |
| /operating_model/cells/upside_2027q3_operating_income:upside/formula/refs/1 | None | upside_2027q3_ebitda_exclusions |
| /operating_model/cells/upside_2027q3_operating_income:upside/id | None | upside_2027q3_operating_income |
| /operating_model/cells/upside_2027q3_operating_income:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_operating_income:upside/label | None | GAAP operating income proxy |
| /operating_model/cells/upside_2027q3_operating_income:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_operating_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_operating_income:upside/value | None | 84.24000000000001 |
| /operating_model/cells/upside_2027q3_operating_noncash_bridge:upside/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/upside_2027q3_operating_noncash_bridge:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_operating_noncash_bridge:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_operating_noncash_bridge:upside/formula/refs/0 | None | upside_2027q3_operating_income |
| /operating_model/cells/upside_2027q3_operating_noncash_bridge:upside/formula/refs/1 | None | upside_2027q3_sbc |
| /operating_model/cells/upside_2027q3_operating_noncash_bridge:upside/formula/refs/2 | None | upside_2027q3_da |
| /operating_model/cells/upside_2027q3_operating_noncash_bridge:upside/formula/refs/3 | None | upside_2027q3_fair_value_loss |
| /operating_model/cells/upside_2027q3_operating_noncash_bridge:upside/id | None | upside_2027q3_operating_noncash_bridge |
| /operating_model/cells/upside_2027q3_operating_noncash_bridge:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_operating_noncash_bridge:upside/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/upside_2027q3_operating_noncash_bridge:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_operating_noncash_bridge:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_operating_noncash_bridge:upside/value | None | 163.24 |
| /operating_model/cells/upside_2027q3_payroll:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_payroll:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_payroll:upside/id | None | upside_2027q3_payroll |
| /operating_model/cells/upside_2027q3_payroll:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_payroll:upside/label | None | Equity payroll adjustment |
| /operating_model/cells/upside_2027q3_payroll:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_payroll:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_payroll:upside/value | None | 1.5 |
| /operating_model/cells/upside_2027q3_revenue:upside/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/upside_2027q3_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_revenue:upside/formula/refs/0 | None | upside_2027q3_fees |
| /operating_model/cells/upside_2027q3_revenue:upside/formula/refs/1 | None | upside_2027q3_net_balance_revenue |
| /operating_model/cells/upside_2027q3_revenue:upside/id | None | upside_2027q3_revenue |
| /operating_model/cells/upside_2027q3_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_revenue:upside/label | None | Total revenue |
| /operating_model/cells/upside_2027q3_revenue:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_revenue:upside/value | None | 568.0 |
| /operating_model/cells/upside_2027q3_sbc:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_sbc:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_sbc:upside/id | None | upside_2027q3_sbc |
| /operating_model/cells/upside_2027q3_sbc:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_sbc:upside/label | None | SBC expense |
| /operating_model/cells/upside_2027q3_sbc:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_sbc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_sbc:upside/value | None | 55.0 |
| /operating_model/cells/upside_2027q3_secured_cm:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_secured_cm:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_secured_cm:upside/id | None | upside_2027q3_secured_cm |
| /operating_model/cells/upside_2027q3_secured_cm:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_secured_cm:upside/label | None | Secured contribution margin |
| /operating_model/cells/upside_2027q3_secured_cm:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_secured_cm:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_secured_cm:upside/value | None | 0.12000000000000001 |
| /operating_model/cells/upside_2027q3_secured_contribution:upside/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/upside_2027q3_secured_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_secured_contribution:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q3_secured_contribution:upside/formula/refs/0 | None | upside_2027q3_secured_fee |
| /operating_model/cells/upside_2027q3_secured_contribution:upside/formula/refs/1 | None | upside_2027q3_secured_cm |
| /operating_model/cells/upside_2027q3_secured_contribution:upside/id | None | upside_2027q3_secured_contribution |
| /operating_model/cells/upside_2027q3_secured_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_secured_contribution:upside/label | None | Secured contribution |
| /operating_model/cells/upside_2027q3_secured_contribution:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_secured_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_secured_contribution:upside/value | None | 9.360000000000001 |
| /operating_model/cells/upside_2027q3_secured_fee:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_secured_fee:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_secured_fee:upside/id | None | upside_2027q3_secured_fee |
| /operating_model/cells/upside_2027q3_secured_fee:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_secured_fee:upside/label | None | Secured fee revenue |
| /operating_model/cells/upside_2027q3_secured_fee:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_secured_fee:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_secured_fee:upside/value | None | 78.0 |
| /operating_model/cells/upside_2027q3_unsecured_cm:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_unsecured_cm:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_unsecured_cm:upside/id | None | upside_2027q3_unsecured_cm |
| /operating_model/cells/upside_2027q3_unsecured_cm:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_unsecured_cm:upside/label | None | Unsecured contribution margin |
| /operating_model/cells/upside_2027q3_unsecured_cm:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_unsecured_cm:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_unsecured_cm:upside/value | None | 0.64 |
| /operating_model/cells/upside_2027q3_unsecured_contribution:upside/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/upside_2027q3_unsecured_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_unsecured_contribution:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q3_unsecured_contribution:upside/formula/refs/0 | None | upside_2027q3_unsecured_fee |
| /operating_model/cells/upside_2027q3_unsecured_contribution:upside/formula/refs/1 | None | upside_2027q3_unsecured_cm |
| /operating_model/cells/upside_2027q3_unsecured_contribution:upside/id | None | upside_2027q3_unsecured_contribution |
| /operating_model/cells/upside_2027q3_unsecured_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_unsecured_contribution:upside/label | None | Unsecured contribution |
| /operating_model/cells/upside_2027q3_unsecured_contribution:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_unsecured_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_unsecured_contribution:upside/value | None | 282.88 |
| /operating_model/cells/upside_2027q3_unsecured_fee:upside/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/upside_2027q3_unsecured_fee:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_unsecured_fee:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q3_unsecured_fee:upside/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/upside_2027q3_unsecured_fee:upside/formula/refs/1 | None | upside_2027q3_activity |
| /operating_model/cells/upside_2027q3_unsecured_fee:upside/formula/refs/2 | None | upside_2027q3_fee_realization |
| /operating_model/cells/upside_2027q3_unsecured_fee:upside/id | None | upside_2027q3_unsecured_fee |
| /operating_model/cells/upside_2027q3_unsecured_fee:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_unsecured_fee:upside/label | None | Unsecured fee revenue |
| /operating_model/cells/upside_2027q3_unsecured_fee:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_unsecured_fee:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_unsecured_fee:upside/value | None | 442.0 |
| /operating_model/cells/upside_2027q3_volume:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_volume:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_volume:upside/id | None | upside_2027q3_volume |
| /operating_model/cells/upside_2027q3_volume:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_volume:upside/label | None | Facilitated principal |
| /operating_model/cells/upside_2027q3_volume:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_volume:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_volume:upside/value | None | 6200.0 |
| /operating_model/cells/upside_2027q3_working_capital_use:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_working_capital_use:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_working_capital_use:upside/id | None | upside_2027q3_working_capital_use |
| /operating_model/cells/upside_2027q3_working_capital_use:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_working_capital_use:upside/label | None | Other working-capital and settlement use |
| /operating_model/cells/upside_2027q3_working_capital_use:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_working_capital_use:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_working_capital_use:upside/value | None | 23.0 |
| /operating_model/cells/upside_2027q4_activity:upside/basis | None | Total principal proxy for fee-generating activity. |
| /operating_model/cells/upside_2027q4_activity:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_activity:upside/formula/op | None | divide |
| /operating_model/cells/upside_2027q4_activity:upside/formula/refs/0 | None | upside_2027q4_volume |
| /operating_model/cells/upside_2027q4_activity:upside/formula/refs/1 | None | q2_volume |
| /operating_model/cells/upside_2027q4_activity:upside/id | None | upside_2027q4_activity |
| /operating_model/cells/upside_2027q4_activity:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_activity:upside/label | None | Activity versus Q2 |
| /operating_model/cells/upside_2027q4_activity:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_activity:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_activity:upside/value | None | 1.6322961865302918 |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/basis | None | Base annual target is calibrated to company outlook; cost allowance follows its adjusted perimeter. |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/formula/refs/0 | None | upside_2027q4_contribution_plus_balance |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/formula/refs/1 | None | upside_2027q4_fixed_adjusted_cost |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/id | None | upside_2027q4_adj_ebitda |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/value | None | 166.69 |
| /operating_model/cells/upside_2027q4_asset_cash:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_asset_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_asset_cash:upside/id | None | upside_2027q4_asset_cash |
| /operating_model/cells/upside_2027q4_asset_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_asset_cash:upside/label | None | Other lending and beneficial-asset receipts |
| /operating_model/cells/upside_2027q4_asset_cash:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_asset_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_asset_cash:upside/value | None | 40.0 |
| /operating_model/cells/upside_2027q4_available_cash:upside/basis | None | Receipts outside CFO remain separate. |
| /operating_model/cells/upside_2027q4_available_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_available_cash:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_available_cash:upside/formula/refs/0 | None | upside_2027q4_cfo |
| /operating_model/cells/upside_2027q4_available_cash:upside/formula/refs/1 | None | upside_2027q4_asset_cash |
| /operating_model/cells/upside_2027q4_available_cash:upside/id | None | upside_2027q4_available_cash |
| /operating_model/cells/upside_2027q4_available_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_available_cash:upside/label | None | CFO plus asset receipts |
| /operating_model/cells/upside_2027q4_available_cash:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_available_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_available_cash:upside/value | None | 135.69 |
| /operating_model/cells/upside_2027q4_balance_cost:upside/basis | None | Funding interest is already deducted from revenue. |
| /operating_model/cells/upside_2027q4_balance_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_balance_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_balance_cost:upside/formula/refs/0 | None | upside_2027q4_funding_interest |
| /operating_model/cells/upside_2027q4_balance_cost:upside/formula/refs/1 | None | upside_2027q4_fair_value_loss |
| /operating_model/cells/upside_2027q4_balance_cost:upside/id | None | upside_2027q4_balance_cost |
| /operating_model/cells/upside_2027q4_balance_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_balance_cost:upside/label | None | Funding and fair-value costs |
| /operating_model/cells/upside_2027q4_balance_cost:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_balance_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_balance_cost:upside/value | None | 34.0 |
| /operating_model/cells/upside_2027q4_buybacks:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_buybacks:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_buybacks:upside/id | None | upside_2027q4_buybacks |
| /operating_model/cells/upside_2027q4_buybacks:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_buybacks:upside/label | None | Optional repurchases |
| /operating_model/cells/upside_2027q4_buybacks:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_buybacks:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_buybacks:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q4_capex:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_capex:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_capex:upside/id | None | upside_2027q4_capex |
| /operating_model/cells/upside_2027q4_capex:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_capex:upside/label | None | Cash PP&E and software |
| /operating_model/cells/upside_2027q4_capex:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_capex:upside/value | None | 13.0 |
| /operating_model/cells/upside_2027q4_cash_after_claims:upside/basis | None | Pre-financing surplus or funding gap; not a projected cash balance. |
| /operating_model/cells/upside_2027q4_cash_after_claims:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_cash_after_claims:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_cash_after_claims:upside/formula/refs/0 | None | upside_2027q4_available_cash |
| /operating_model/cells/upside_2027q4_cash_after_claims:upside/formula/refs/1 | None | upside_2027q4_investment_and_claims |
| /operating_model/cells/upside_2027q4_cash_after_claims:upside/id | None | upside_2027q4_cash_after_claims |
| /operating_model/cells/upside_2027q4_cash_after_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_cash_after_claims:upside/label | None | Cash after lending and capital claims |
| /operating_model/cells/upside_2027q4_cash_after_claims:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_cash_after_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_cash_after_claims:upside/value | None | 80.69 |
| /operating_model/cells/upside_2027q4_cash_before_settlement:upside/basis | None | Analytical cash measure, not reported CFO or FCF. |
| /operating_model/cells/upside_2027q4_cash_before_settlement:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_cash_before_settlement:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_cash_before_settlement:upside/formula/refs/0 | None | upside_2027q4_operating_noncash_bridge |
| /operating_model/cells/upside_2027q4_cash_before_settlement:upside/formula/refs/1 | None | upside_2027q4_cash_timing |
| /operating_model/cells/upside_2027q4_cash_before_settlement:upside/id | None | upside_2027q4_cash_before_settlement |
| /operating_model/cells/upside_2027q4_cash_before_settlement:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_cash_before_settlement:upside/label | None | Cash before operating loan settlement |
| /operating_model/cells/upside_2027q4_cash_before_settlement:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_cash_before_settlement:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_cash_before_settlement:upside/value | None | 145.69 |
| /operating_model/cells/upside_2027q4_cash_tax:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_cash_tax:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_cash_tax:upside/id | None | upside_2027q4_cash_tax |
| /operating_model/cells/upside_2027q4_cash_tax:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_cash_tax:upside/label | None | Cash tax |
| /operating_model/cells/upside_2027q4_cash_tax:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_cash_tax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_cash_tax:upside/value | None | 3.0 |
| /operating_model/cells/upside_2027q4_cash_timing:upside/basis | None | Balance-sheet interest remains inside revenue; no repeated subtraction. |
| /operating_model/cells/upside_2027q4_cash_timing:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_cash_timing:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_cash_timing:upside/formula/refs/0 | None | upside_2027q4_cash_tax |
| /operating_model/cells/upside_2027q4_cash_timing:upside/formula/refs/1 | None | upside_2027q4_corporate_net_interest_cash |
| /operating_model/cells/upside_2027q4_cash_timing:upside/formula/refs/2 | None | upside_2027q4_working_capital_use |
| /operating_model/cells/upside_2027q4_cash_timing:upside/id | None | upside_2027q4_cash_timing |
| /operating_model/cells/upside_2027q4_cash_timing:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_cash_timing:upside/label | None | Cash tax corporate interest and other timing |
| /operating_model/cells/upside_2027q4_cash_timing:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_cash_timing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_cash_timing:upside/value | None | 29.0 |
| /operating_model/cells/upside_2027q4_cfo:upside/basis | None | Deduct HFS loan investment once, inside CFO. |
| /operating_model/cells/upside_2027q4_cfo:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_cfo:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_cfo:upside/formula/refs/0 | None | upside_2027q4_cash_before_settlement |
| /operating_model/cells/upside_2027q4_cfo:upside/formula/refs/1 | None | upside_2027q4_hfs_funding |
| /operating_model/cells/upside_2027q4_cfo:upside/id | None | upside_2027q4_cfo |
| /operating_model/cells/upside_2027q4_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_cfo:upside/label | None | CFO after operating loan settlement |
| /operating_model/cells/upside_2027q4_cfo:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_cfo:upside/value | None | 95.69 |
| /operating_model/cells/upside_2027q4_contribution:upside/basis | None | Contribution excludes balance-sheet interest and fair-value revenue. |
| /operating_model/cells/upside_2027q4_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_contribution:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_contribution:upside/formula/refs/0 | None | upside_2027q4_unsecured_contribution |
| /operating_model/cells/upside_2027q4_contribution:upside/formula/refs/1 | None | upside_2027q4_secured_contribution |
| /operating_model/cells/upside_2027q4_contribution:upside/id | None | upside_2027q4_contribution |
| /operating_model/cells/upside_2027q4_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_contribution:upside/label | None | Fee contribution profit |
| /operating_model/cells/upside_2027q4_contribution:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_contribution:upside/value | None | 322.69 |
| /operating_model/cells/upside_2027q4_contribution_plus_balance:upside/basis | None | Direct fee costs already removed. |
| /operating_model/cells/upside_2027q4_contribution_plus_balance:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_contribution_plus_balance:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_contribution_plus_balance:upside/formula/refs/0 | None | upside_2027q4_contribution |
| /operating_model/cells/upside_2027q4_contribution_plus_balance:upside/formula/refs/1 | None | upside_2027q4_net_balance_revenue |
| /operating_model/cells/upside_2027q4_contribution_plus_balance:upside/id | None | upside_2027q4_contribution_plus_balance |
| /operating_model/cells/upside_2027q4_contribution_plus_balance:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_contribution_plus_balance:upside/label | None | Contribution plus balance-sheet revenue |
| /operating_model/cells/upside_2027q4_contribution_plus_balance:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_contribution_plus_balance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_contribution_plus_balance:upside/value | None | 374.69 |
| /operating_model/cells/upside_2027q4_convert_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_convert_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_convert_interest:upside/id | None | upside_2027q4_convert_interest |
| /operating_model/cells/upside_2027q4_convert_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_convert_interest:upside/label | None | Convertible GAAP interest |
| /operating_model/cells/upside_2027q4_convert_interest:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_convert_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_convert_interest:upside/value | None | 4.5 |
| /operating_model/cells/upside_2027q4_corporate_net_interest_cash:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_corporate_net_interest_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_corporate_net_interest_cash:upside/id | None | upside_2027q4_corporate_net_interest_cash |
| /operating_model/cells/upside_2027q4_corporate_net_interest_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_corporate_net_interest_cash:upside/label | None | Net corporate cash interest |
| /operating_model/cells/upside_2027q4_corporate_net_interest_cash:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_corporate_net_interest_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_corporate_net_interest_cash:upside/value | None | 1.0 |
| /operating_model/cells/upside_2027q4_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_da:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_da:upside/id | None | upside_2027q4_da |
| /operating_model/cells/upside_2027q4_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_da:upside/label | None | Depreciation and amortization |
| /operating_model/cells/upside_2027q4_da:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_da:upside/value | None | 9.5 |
| /operating_model/cells/upside_2027q4_debt_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_debt_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_debt_principal:upside/id | None | upside_2027q4_debt_principal |
| /operating_model/cells/upside_2027q4_debt_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_debt_principal:upside/label | None | Asset-backed principal sensitivity |
| /operating_model/cells/upside_2027q4_debt_principal:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_debt_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_debt_principal:upside/value | None | 7.0 |
| /operating_model/cells/upside_2027q4_ebitda_exclusions:upside/basis | None | Other income and convertible interest reproduce reported reconciliation; no reorganization assumed. |
| /operating_model/cells/upside_2027q4_ebitda_exclusions:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_ebitda_exclusions:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_ebitda_exclusions:upside/formula/refs/0 | None | upside_2027q4_sbc |
| /operating_model/cells/upside_2027q4_ebitda_exclusions:upside/formula/refs/1 | None | upside_2027q4_payroll |
| /operating_model/cells/upside_2027q4_ebitda_exclusions:upside/formula/refs/2 | None | upside_2027q4_da |
| /operating_model/cells/upside_2027q4_ebitda_exclusions:upside/formula/refs/3 | None | upside_2027q4_convert_interest |
| /operating_model/cells/upside_2027q4_ebitda_exclusions:upside/formula/refs/4 | None | upside_2027q4_net_other_income |
| /operating_model/cells/upside_2027q4_ebitda_exclusions:upside/id | None | upside_2027q4_ebitda_exclusions |
| /operating_model/cells/upside_2027q4_ebitda_exclusions:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_ebitda_exclusions:upside/label | None | GAAP bridge exclusions |
| /operating_model/cells/upside_2027q4_ebitda_exclusions:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_ebitda_exclusions:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_ebitda_exclusions:upside/value | None | 75.5 |
| /operating_model/cells/upside_2027q4_fair_value_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_fair_value_loss:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_fair_value_loss:upside/id | None | upside_2027q4_fair_value_loss |
| /operating_model/cells/upside_2027q4_fair_value_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_fair_value_loss:upside/label | None | Net credit/fair-value revenue loss |
| /operating_model/cells/upside_2027q4_fair_value_loss:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_fair_value_loss:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_fair_value_loss:upside/value | None | 16.0 |
| /operating_model/cells/upside_2027q4_fee_realization:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_fee_realization:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_fee_realization:upside/id | None | upside_2027q4_fee_realization |
| /operating_model/cells/upside_2027q4_fee_realization:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_fee_realization:upside/label | None | Mixed fee realization versus Q2 |
| /operating_model/cells/upside_2027q4_fee_realization:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_fee_realization:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_fee_realization:upside/value | None | 0.9049605918674982 |
| /operating_model/cells/upside_2027q4_fees:upside/basis | None | Product group fee perimeter matches reported fee total. |
| /operating_model/cells/upside_2027q4_fees:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_fees:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_fees:upside/formula/refs/0 | None | upside_2027q4_unsecured_fee |
| /operating_model/cells/upside_2027q4_fees:upside/formula/refs/1 | None | upside_2027q4_secured_fee |
| /operating_model/cells/upside_2027q4_fees:upside/id | None | upside_2027q4_fees |
| /operating_model/cells/upside_2027q4_fees:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_fees:upside/label | None | Total fee revenue |
| /operating_model/cells/upside_2027q4_fees:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_fees:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_fees:upside/value | None | 580.0 |
| /operating_model/cells/upside_2027q4_fixed_adjusted_cost:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_fixed_adjusted_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_fixed_adjusted_cost:upside/id | None | upside_2027q4_fixed_adjusted_cost |
| /operating_model/cells/upside_2027q4_fixed_adjusted_cost:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_fixed_adjusted_cost:upside/label | None | Fixed adjusted expense allowance |
| /operating_model/cells/upside_2027q4_fixed_adjusted_cost:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_fixed_adjusted_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_fixed_adjusted_cost:upside/value | None | 208.0 |
| /operating_model/cells/upside_2027q4_funding_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_funding_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_funding_interest:upside/id | None | upside_2027q4_funding_interest |
| /operating_model/cells/upside_2027q4_funding_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_funding_interest:upside/label | None | Balance-sheet funding interest |
| /operating_model/cells/upside_2027q4_funding_interest:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_funding_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_funding_interest:upside/value | None | 18.0 |
| /operating_model/cells/upside_2027q4_hfs_funding:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_hfs_funding:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_hfs_funding:upside/id | None | upside_2027q4_hfs_funding |
| /operating_model/cells/upside_2027q4_hfs_funding:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_hfs_funding:upside/label | None | Net operating loan-settlement funding |
| /operating_model/cells/upside_2027q4_hfs_funding:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_hfs_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_hfs_funding:upside/value | None | 50.0 |
| /operating_model/cells/upside_2027q4_investment_and_claims:upside/basis | None | Excludes new borrowing and equity issuance. |
| /operating_model/cells/upside_2027q4_investment_and_claims:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_investment_and_claims:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_investment_and_claims:upside/formula/refs/0 | None | upside_2027q4_capex |
| /operating_model/cells/upside_2027q4_investment_and_claims:upside/formula/refs/1 | None | upside_2027q4_lending_investment |
| /operating_model/cells/upside_2027q4_investment_and_claims:upside/formula/refs/2 | None | upside_2027q4_debt_principal |
| /operating_model/cells/upside_2027q4_investment_and_claims:upside/formula/refs/3 | None | upside_2027q4_buybacks |
| /operating_model/cells/upside_2027q4_investment_and_claims:upside/id | None | upside_2027q4_investment_and_claims |
| /operating_model/cells/upside_2027q4_investment_and_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_investment_and_claims:upside/label | None | Loan investment capex and capital claims |
| /operating_model/cells/upside_2027q4_investment_and_claims:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_investment_and_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_investment_and_claims:upside/value | None | 55.0 |
| /operating_model/cells/upside_2027q4_lending_investment:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_lending_investment:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_lending_investment:upside/id | None | upside_2027q4_lending_investment |
| /operating_model/cells/upside_2027q4_lending_investment:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_lending_investment:upside/label | None | Net HFI investment |
| /operating_model/cells/upside_2027q4_lending_investment:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_lending_investment:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_lending_investment:upside/value | None | 35.0 |
| /operating_model/cells/upside_2027q4_loan_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_loan_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_loan_interest:upside/id | None | upside_2027q4_loan_interest |
| /operating_model/cells/upside_2027q4_loan_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_loan_interest:upside/label | None | Loan interest income |
| /operating_model/cells/upside_2027q4_loan_interest:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_loan_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_loan_interest:upside/value | None | 86.0 |
| /operating_model/cells/upside_2027q4_net_balance_revenue:upside/basis | None | No second deduction of balance-sheet interest below operating earnings. |
| /operating_model/cells/upside_2027q4_net_balance_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_net_balance_revenue:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_net_balance_revenue:upside/formula/refs/0 | None | upside_2027q4_loan_interest |
| /operating_model/cells/upside_2027q4_net_balance_revenue:upside/formula/refs/1 | None | upside_2027q4_balance_cost |
| /operating_model/cells/upside_2027q4_net_balance_revenue:upside/id | None | upside_2027q4_net_balance_revenue |
| /operating_model/cells/upside_2027q4_net_balance_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_net_balance_revenue:upside/label | None | Net balance-sheet revenue |
| /operating_model/cells/upside_2027q4_net_balance_revenue:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_net_balance_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_net_balance_revenue:upside/value | None | 52.0 |
| /operating_model/cells/upside_2027q4_net_other_income:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_net_other_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_net_other_income:upside/id | None | upside_2027q4_net_other_income |
| /operating_model/cells/upside_2027q4_net_other_income:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_net_other_income:upside/label | None | Net other income after convertible interest |
| /operating_model/cells/upside_2027q4_net_other_income:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_net_other_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_net_other_income:upside/value | None | 2.0 |
| /operating_model/cells/upside_2027q4_operating_income:upside/basis | None | SBC remains a GAAP cost. |
| /operating_model/cells/upside_2027q4_operating_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_operating_income:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_operating_income:upside/formula/refs/0 | None | upside_2027q4_adj_ebitda |
| /operating_model/cells/upside_2027q4_operating_income:upside/formula/refs/1 | None | upside_2027q4_ebitda_exclusions |
| /operating_model/cells/upside_2027q4_operating_income:upside/id | None | upside_2027q4_operating_income |
| /operating_model/cells/upside_2027q4_operating_income:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_operating_income:upside/label | None | GAAP operating income proxy |
| /operating_model/cells/upside_2027q4_operating_income:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_operating_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_operating_income:upside/value | None | 91.19 |
| /operating_model/cells/upside_2027q4_operating_noncash_bridge:upside/basis | None | Fair-value loss assumed noncash; product-level settlements can differ. |
| /operating_model/cells/upside_2027q4_operating_noncash_bridge:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_operating_noncash_bridge:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_operating_noncash_bridge:upside/formula/refs/0 | None | upside_2027q4_operating_income |
| /operating_model/cells/upside_2027q4_operating_noncash_bridge:upside/formula/refs/1 | None | upside_2027q4_sbc |
| /operating_model/cells/upside_2027q4_operating_noncash_bridge:upside/formula/refs/2 | None | upside_2027q4_da |
| /operating_model/cells/upside_2027q4_operating_noncash_bridge:upside/formula/refs/3 | None | upside_2027q4_fair_value_loss |
| /operating_model/cells/upside_2027q4_operating_noncash_bridge:upside/id | None | upside_2027q4_operating_noncash_bridge |
| /operating_model/cells/upside_2027q4_operating_noncash_bridge:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_operating_noncash_bridge:upside/label | None | Operating result plus noncash adjustments |
| /operating_model/cells/upside_2027q4_operating_noncash_bridge:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_operating_noncash_bridge:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_operating_noncash_bridge:upside/value | None | 174.69 |
| /operating_model/cells/upside_2027q4_payroll:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_payroll:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_payroll:upside/id | None | upside_2027q4_payroll |
| /operating_model/cells/upside_2027q4_payroll:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_payroll:upside/label | None | Equity payroll adjustment |
| /operating_model/cells/upside_2027q4_payroll:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_payroll:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_payroll:upside/value | None | 1.5 |
| /operating_model/cells/upside_2027q4_revenue:upside/basis | None | Fee revenue plus net interest/fair-value revenue. |
| /operating_model/cells/upside_2027q4_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_revenue:upside/formula/refs/0 | None | upside_2027q4_fees |
| /operating_model/cells/upside_2027q4_revenue:upside/formula/refs/1 | None | upside_2027q4_net_balance_revenue |
| /operating_model/cells/upside_2027q4_revenue:upside/id | None | upside_2027q4_revenue |
| /operating_model/cells/upside_2027q4_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_revenue:upside/label | None | Total revenue |
| /operating_model/cells/upside_2027q4_revenue:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_revenue:upside/value | None | 632.0 |
| /operating_model/cells/upside_2027q4_sbc:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_sbc:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_sbc:upside/id | None | upside_2027q4_sbc |
| /operating_model/cells/upside_2027q4_sbc:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_sbc:upside/label | None | SBC expense |
| /operating_model/cells/upside_2027q4_sbc:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_sbc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_sbc:upside/value | None | 58.0 |
| /operating_model/cells/upside_2027q4_secured_cm:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_secured_cm:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_secured_cm:upside/id | None | upside_2027q4_secured_cm |
| /operating_model/cells/upside_2027q4_secured_cm:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_secured_cm:upside/label | None | Secured contribution margin |
| /operating_model/cells/upside_2027q4_secured_cm:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_secured_cm:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_secured_cm:upside/value | None | 0.145 |
| /operating_model/cells/upside_2027q4_secured_contribution:upside/basis | None | Newer products may have negative contribution. |
| /operating_model/cells/upside_2027q4_secured_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_secured_contribution:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q4_secured_contribution:upside/formula/refs/0 | None | upside_2027q4_secured_fee |
| /operating_model/cells/upside_2027q4_secured_contribution:upside/formula/refs/1 | None | upside_2027q4_secured_cm |
| /operating_model/cells/upside_2027q4_secured_contribution:upside/id | None | upside_2027q4_secured_contribution |
| /operating_model/cells/upside_2027q4_secured_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_secured_contribution:upside/label | None | Secured contribution |
| /operating_model/cells/upside_2027q4_secured_contribution:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_secured_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_secured_contribution:upside/value | None | 14.209999999999999 |
| /operating_model/cells/upside_2027q4_secured_fee:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_secured_fee:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_secured_fee:upside/id | None | upside_2027q4_secured_fee |
| /operating_model/cells/upside_2027q4_secured_fee:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_secured_fee:upside/label | None | Secured fee revenue |
| /operating_model/cells/upside_2027q4_secured_fee:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_secured_fee:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_secured_fee:upside/value | None | 98.0 |
| /operating_model/cells/upside_2027q4_unsecured_cm:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_unsecured_cm:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_unsecured_cm:upside/id | None | upside_2027q4_unsecured_cm |
| /operating_model/cells/upside_2027q4_unsecured_cm:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_unsecured_cm:upside/label | None | Unsecured contribution margin |
| /operating_model/cells/upside_2027q4_unsecured_cm:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_unsecured_cm:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_unsecured_cm:upside/value | None | 0.64 |
| /operating_model/cells/upside_2027q4_unsecured_contribution:upside/basis | None | After direct acquisition/servicing expense. |
| /operating_model/cells/upside_2027q4_unsecured_contribution:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_unsecured_contribution:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q4_unsecured_contribution:upside/formula/refs/0 | None | upside_2027q4_unsecured_fee |
| /operating_model/cells/upside_2027q4_unsecured_contribution:upside/formula/refs/1 | None | upside_2027q4_unsecured_cm |
| /operating_model/cells/upside_2027q4_unsecured_contribution:upside/id | None | upside_2027q4_unsecured_contribution |
| /operating_model/cells/upside_2027q4_unsecured_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_unsecured_contribution:upside/label | None | Unsecured contribution |
| /operating_model/cells/upside_2027q4_unsecured_contribution:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_unsecured_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_unsecured_contribution:upside/value | None | 308.48 |
| /operating_model/cells/upside_2027q4_unsecured_fee:upside/basis | None | Includes servicing and loan-sale economics; not a contractual origination fee. |
| /operating_model/cells/upside_2027q4_unsecured_fee:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_unsecured_fee:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q4_unsecured_fee:upside/formula/refs/0 | None | q2_unsecured_fee |
| /operating_model/cells/upside_2027q4_unsecured_fee:upside/formula/refs/1 | None | upside_2027q4_activity |
| /operating_model/cells/upside_2027q4_unsecured_fee:upside/formula/refs/2 | None | upside_2027q4_fee_realization |
| /operating_model/cells/upside_2027q4_unsecured_fee:upside/id | None | upside_2027q4_unsecured_fee |
| /operating_model/cells/upside_2027q4_unsecured_fee:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_unsecured_fee:upside/label | None | Unsecured fee revenue |
| /operating_model/cells/upside_2027q4_unsecured_fee:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_unsecured_fee:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_unsecured_fee:upside/value | None | 482.0 |
| /operating_model/cells/upside_2027q4_volume:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_volume:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_volume:upside/id | None | upside_2027q4_volume |
| /operating_model/cells/upside_2027q4_volume:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_volume:upside/label | None | Facilitated principal |
| /operating_model/cells/upside_2027q4_volume:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_volume:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_volume:upside/value | None | 6900.0 |
| /operating_model/cells/upside_2027q4_working_capital_use:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_working_capital_use:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_working_capital_use:upside/id | None | upside_2027q4_working_capital_use |
| /operating_model/cells/upside_2027q4_working_capital_use:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_working_capital_use:upside/label | None | Other working-capital and settlement use |
| /operating_model/cells/upside_2027q4_working_capital_use:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_working_capital_use:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_working_capital_use:upside/value | None | 25.0 |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/formula/refs/0 | None | h1_adj_ebitda |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/formula/refs/1 | None | upside_2026q3_adj_ebitda |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/formula/refs/2 | None | upside_2026q4_adj_ebitda |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/id | None | upside_fy2026_adj_ebitda |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/label | None | Adjusted EBITDA proxy ($M) |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/value | None | 362.99399999999997 |
| /operating_model/cells/upside_fy2026_asset_cash:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_asset_cash:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_asset_cash:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_asset_cash:upside/formula/refs/0 | None | h1_asset_cash |
| /operating_model/cells/upside_fy2026_asset_cash:upside/formula/refs/1 | None | upside_2026q3_asset_cash |
| /operating_model/cells/upside_fy2026_asset_cash:upside/formula/refs/2 | None | upside_2026q4_asset_cash |
| /operating_model/cells/upside_fy2026_asset_cash:upside/id | None | upside_fy2026_asset_cash |
| /operating_model/cells/upside_fy2026_asset_cash:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_asset_cash:upside/label | None | Other lending/beneficial asset receipts ($M) |
| /operating_model/cells/upside_fy2026_asset_cash:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_asset_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_asset_cash:upside/value | None | 211.67 |
| /operating_model/cells/upside_fy2026_buybacks:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_buybacks:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_buybacks:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_buybacks:upside/formula/refs/0 | None | h1_buybacks |
| /operating_model/cells/upside_fy2026_buybacks:upside/formula/refs/1 | None | upside_2026q3_buybacks |
| /operating_model/cells/upside_fy2026_buybacks:upside/formula/refs/2 | None | upside_2026q4_buybacks |
| /operating_model/cells/upside_fy2026_buybacks:upside/id | None | upside_fy2026_buybacks |
| /operating_model/cells/upside_fy2026_buybacks:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_buybacks:upside/label | None | Share repurchase cash ($M) |
| /operating_model/cells/upside_fy2026_buybacks:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_buybacks:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_buybacks:upside/value | None | 100.057 |
| /operating_model/cells/upside_fy2026_capex:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_capex:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_capex:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_capex:upside/formula/refs/0 | None | h1_capex |
| /operating_model/cells/upside_fy2026_capex:upside/formula/refs/1 | None | upside_2026q3_capex |
| /operating_model/cells/upside_fy2026_capex:upside/formula/refs/2 | None | upside_2026q4_capex |
| /operating_model/cells/upside_fy2026_capex:upside/id | None | upside_fy2026_capex |
| /operating_model/cells/upside_fy2026_capex:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_capex:upside/label | None | Cash PP&E and software ($M) |
| /operating_model/cells/upside_fy2026_capex:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_capex:upside/value | None | 30.241999999999997 |
| /operating_model/cells/upside_fy2026_cash_after_claims:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_cash_after_claims:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_cash_after_claims:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_cash_after_claims:upside/formula/refs/0 | None | h1_cash_after_claims |
| /operating_model/cells/upside_fy2026_cash_after_claims:upside/formula/refs/1 | None | upside_2026q3_cash_after_claims |
| /operating_model/cells/upside_fy2026_cash_after_claims:upside/formula/refs/2 | None | upside_2026q4_cash_after_claims |
| /operating_model/cells/upside_fy2026_cash_after_claims:upside/id | None | upside_fy2026_cash_after_claims |
| /operating_model/cells/upside_fy2026_cash_after_claims:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_cash_after_claims:upside/label | None | Cash after lending and capital claims ($M) |
| /operating_model/cells/upside_fy2026_cash_after_claims:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_cash_after_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_cash_after_claims:upside/value | None | -451.93399999999997 |
| /operating_model/cells/upside_fy2026_cfo:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_cfo:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_cfo:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_cfo:upside/formula/refs/0 | None | h1_cfo |
| /operating_model/cells/upside_fy2026_cfo:upside/formula/refs/1 | None | upside_2026q3_cfo |
| /operating_model/cells/upside_fy2026_cfo:upside/formula/refs/2 | None | upside_2026q4_cfo |
| /operating_model/cells/upside_fy2026_cfo:upside/id | None | upside_fy2026_cfo |
| /operating_model/cells/upside_fy2026_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_cfo:upside/label | None | CFO after HFS loan settlement ($M) |
| /operating_model/cells/upside_fy2026_cfo:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_cfo:upside/value | None | -126.309 |
| /operating_model/cells/upside_fy2026_contribution:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_contribution:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_contribution:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_contribution:upside/formula/refs/0 | None | h1_contribution |
| /operating_model/cells/upside_fy2026_contribution:upside/formula/refs/1 | None | upside_2026q3_contribution |
| /operating_model/cells/upside_fy2026_contribution:upside/formula/refs/2 | None | upside_2026q4_contribution |
| /operating_model/cells/upside_fy2026_contribution:upside/id | None | upside_fy2026_contribution |
| /operating_model/cells/upside_fy2026_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_contribution:upside/label | None | Fee contribution profit ($M) |
| /operating_model/cells/upside_fy2026_contribution:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_contribution:upside/value | None | 762.025 |
| /operating_model/cells/upside_fy2026_debt_principal:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_debt_principal:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_debt_principal:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_debt_principal:upside/formula/refs/0 | None | h1_debt_principal |
| /operating_model/cells/upside_fy2026_debt_principal:upside/formula/refs/1 | None | upside_2026q3_debt_principal |
| /operating_model/cells/upside_fy2026_debt_principal:upside/formula/refs/2 | None | upside_2026q4_debt_principal |
| /operating_model/cells/upside_fy2026_debt_principal:upside/id | None | upside_fy2026_debt_principal |
| /operating_model/cells/upside_fy2026_debt_principal:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_debt_principal:upside/label | None | Debt principal cash ($M) |
| /operating_model/cells/upside_fy2026_debt_principal:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_debt_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_debt_principal:upside/value | None | 348.526 |
| /operating_model/cells/upside_fy2026_fees:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_fees:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_fees:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_fees:upside/formula/refs/0 | None | h1_fees |
| /operating_model/cells/upside_fy2026_fees:upside/formula/refs/1 | None | upside_2026q3_fees |
| /operating_model/cells/upside_fy2026_fees:upside/formula/refs/2 | None | upside_2026q4_fees |
| /operating_model/cells/upside_fy2026_fees:upside/id | None | upside_fy2026_fees |
| /operating_model/cells/upside_fy2026_fees:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_fees:upside/label | None | Fee revenue ($M) |
| /operating_model/cells/upside_fy2026_fees:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_fees:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_fees:upside/value | None | 1360.0819999999999 |
| /operating_model/cells/upside_fy2026_lending_investment:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_lending_investment:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_lending_investment:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_lending_investment:upside/formula/refs/0 | None | h1_lending_investment |
| /operating_model/cells/upside_fy2026_lending_investment:upside/formula/refs/1 | None | upside_2026q3_lending_investment |
| /operating_model/cells/upside_fy2026_lending_investment:upside/formula/refs/2 | None | upside_2026q4_lending_investment |
| /operating_model/cells/upside_fy2026_lending_investment:upside/id | None | upside_fy2026_lending_investment |
| /operating_model/cells/upside_fy2026_lending_investment:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_lending_investment:upside/label | None | Net HFI loan investment ($M) |
| /operating_model/cells/upside_fy2026_lending_investment:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_lending_investment:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_lending_investment:upside/value | None | 58.47 |
| /operating_model/cells/upside_fy2026_operating_income:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_operating_income:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_operating_income:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_operating_income:upside/formula/refs/0 | None | h1_operating_income |
| /operating_model/cells/upside_fy2026_operating_income:upside/formula/refs/1 | None | upside_2026q3_operating_income |
| /operating_model/cells/upside_fy2026_operating_income:upside/formula/refs/2 | None | upside_2026q4_operating_income |
| /operating_model/cells/upside_fy2026_operating_income:upside/id | None | upside_fy2026_operating_income |
| /operating_model/cells/upside_fy2026_operating_income:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_operating_income:upside/label | None | GAAP operating income proxy ($M) |
| /operating_model/cells/upside_fy2026_operating_income:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_operating_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_operating_income:upside/value | None | 133.24099999999999 |
| /operating_model/cells/upside_fy2026_revenue:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_revenue:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_revenue:upside/formula/refs/0 | None | h1_revenue |
| /operating_model/cells/upside_fy2026_revenue:upside/formula/refs/1 | None | upside_2026q3_revenue |
| /operating_model/cells/upside_fy2026_revenue:upside/formula/refs/2 | None | upside_2026q4_revenue |
| /operating_model/cells/upside_fy2026_revenue:upside/id | None | upside_fy2026_revenue |
| /operating_model/cells/upside_fy2026_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_revenue:upside/label | None | Total revenue ($M) |
| /operating_model/cells/upside_fy2026_revenue:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_revenue:upside/value | None | 1486.922 |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/refs/0 | None | upside_2027q1_adj_ebitda |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/refs/1 | None | upside_2027q2_adj_ebitda |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/refs/2 | None | upside_2027q3_adj_ebitda |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/refs/3 | None | upside_2027q4_adj_ebitda |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/id | None | upside_fy2027_adj_ebitda |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/label | None | Adjusted EBITDA proxy ($M) |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/value | None | 603.4100000000001 |
| /operating_model/cells/upside_fy2027_asset_cash:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_asset_cash:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_asset_cash:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_asset_cash:upside/formula/refs/0 | None | upside_2027q1_asset_cash |
| /operating_model/cells/upside_fy2027_asset_cash:upside/formula/refs/1 | None | upside_2027q2_asset_cash |
| /operating_model/cells/upside_fy2027_asset_cash:upside/formula/refs/2 | None | upside_2027q3_asset_cash |
| /operating_model/cells/upside_fy2027_asset_cash:upside/formula/refs/3 | None | upside_2027q4_asset_cash |
| /operating_model/cells/upside_fy2027_asset_cash:upside/id | None | upside_fy2027_asset_cash |
| /operating_model/cells/upside_fy2027_asset_cash:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_asset_cash:upside/label | None | Other lending/beneficial asset receipts ($M) |
| /operating_model/cells/upside_fy2027_asset_cash:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_asset_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_asset_cash:upside/value | None | 160.0 |
| /operating_model/cells/upside_fy2027_buybacks:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_buybacks:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_buybacks:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_buybacks:upside/formula/refs/0 | None | upside_2027q1_buybacks |
| /operating_model/cells/upside_fy2027_buybacks:upside/formula/refs/1 | None | upside_2027q2_buybacks |
| /operating_model/cells/upside_fy2027_buybacks:upside/formula/refs/2 | None | upside_2027q3_buybacks |
| /operating_model/cells/upside_fy2027_buybacks:upside/formula/refs/3 | None | upside_2027q4_buybacks |
| /operating_model/cells/upside_fy2027_buybacks:upside/id | None | upside_fy2027_buybacks |
| /operating_model/cells/upside_fy2027_buybacks:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_buybacks:upside/label | None | Share repurchase cash ($M) |
| /operating_model/cells/upside_fy2027_buybacks:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_buybacks:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_buybacks:upside/value | None | 0.0 |
| /operating_model/cells/upside_fy2027_capex:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_capex:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_capex:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_capex:upside/formula/refs/0 | None | upside_2027q1_capex |
| /operating_model/cells/upside_fy2027_capex:upside/formula/refs/1 | None | upside_2027q2_capex |
| /operating_model/cells/upside_fy2027_capex:upside/formula/refs/2 | None | upside_2027q3_capex |
| /operating_model/cells/upside_fy2027_capex:upside/formula/refs/3 | None | upside_2027q4_capex |
| /operating_model/cells/upside_fy2027_capex:upside/id | None | upside_fy2027_capex |
| /operating_model/cells/upside_fy2027_capex:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_capex:upside/label | None | Cash PP&E and software ($M) |
| /operating_model/cells/upside_fy2027_capex:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_capex:upside/value | None | 46.0 |
| /operating_model/cells/upside_fy2027_cash_after_claims:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_cash_after_claims:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_cash_after_claims:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_cash_after_claims:upside/formula/refs/0 | None | upside_2027q1_cash_after_claims |
| /operating_model/cells/upside_fy2027_cash_after_claims:upside/formula/refs/1 | None | upside_2027q2_cash_after_claims |
| /operating_model/cells/upside_fy2027_cash_after_claims:upside/formula/refs/2 | None | upside_2027q3_cash_after_claims |
| /operating_model/cells/upside_fy2027_cash_after_claims:upside/formula/refs/3 | None | upside_2027q4_cash_after_claims |
| /operating_model/cells/upside_fy2027_cash_after_claims:upside/id | None | upside_fy2027_cash_after_claims |
| /operating_model/cells/upside_fy2027_cash_after_claims:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_cash_after_claims:upside/label | None | Cash after lending and capital claims ($M) |
| /operating_model/cells/upside_fy2027_cash_after_claims:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_cash_after_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_cash_after_claims:upside/value | None | 336.41 |
| /operating_model/cells/upside_fy2027_cfo:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_cfo:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_cfo:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_cfo:upside/formula/refs/0 | None | upside_2027q1_cfo |
| /operating_model/cells/upside_fy2027_cfo:upside/formula/refs/1 | None | upside_2027q2_cfo |
| /operating_model/cells/upside_fy2027_cfo:upside/formula/refs/2 | None | upside_2027q3_cfo |
| /operating_model/cells/upside_fy2027_cfo:upside/formula/refs/3 | None | upside_2027q4_cfo |
| /operating_model/cells/upside_fy2027_cfo:upside/id | None | upside_fy2027_cfo |
| /operating_model/cells/upside_fy2027_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_cfo:upside/label | None | CFO after HFS loan settlement ($M) |
| /operating_model/cells/upside_fy2027_cfo:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_cfo:upside/value | None | 360.41 |
| /operating_model/cells/upside_fy2027_contribution:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_contribution:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_contribution:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_contribution:upside/formula/refs/0 | None | upside_2027q1_contribution |
| /operating_model/cells/upside_fy2027_contribution:upside/formula/refs/1 | None | upside_2027q2_contribution |
| /operating_model/cells/upside_fy2027_contribution:upside/formula/refs/2 | None | upside_2027q3_contribution |
| /operating_model/cells/upside_fy2027_contribution:upside/formula/refs/3 | None | upside_2027q4_contribution |
| /operating_model/cells/upside_fy2027_contribution:upside/id | None | upside_fy2027_contribution |
| /operating_model/cells/upside_fy2027_contribution:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_contribution:upside/label | None | Fee contribution profit ($M) |
| /operating_model/cells/upside_fy2027_contribution:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_contribution:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_contribution:upside/value | None | 1122.41 |
| /operating_model/cells/upside_fy2027_debt_principal:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_debt_principal:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_debt_principal:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_debt_principal:upside/formula/refs/0 | None | upside_2027q1_debt_principal |
| /operating_model/cells/upside_fy2027_debt_principal:upside/formula/refs/1 | None | upside_2027q2_debt_principal |
| /operating_model/cells/upside_fy2027_debt_principal:upside/formula/refs/2 | None | upside_2027q3_debt_principal |
| /operating_model/cells/upside_fy2027_debt_principal:upside/formula/refs/3 | None | upside_2027q4_debt_principal |
| /operating_model/cells/upside_fy2027_debt_principal:upside/id | None | upside_fy2027_debt_principal |
| /operating_model/cells/upside_fy2027_debt_principal:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_debt_principal:upside/label | None | Debt principal cash ($M) |
| /operating_model/cells/upside_fy2027_debt_principal:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_debt_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_debt_principal:upside/value | None | 28.0 |
| /operating_model/cells/upside_fy2027_fees:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_fees:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_fees:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_fees:upside/formula/refs/0 | None | upside_2027q1_fees |
| /operating_model/cells/upside_fy2027_fees:upside/formula/refs/1 | None | upside_2027q2_fees |
| /operating_model/cells/upside_fy2027_fees:upside/formula/refs/2 | None | upside_2027q3_fees |
| /operating_model/cells/upside_fy2027_fees:upside/formula/refs/3 | None | upside_2027q4_fees |
| /operating_model/cells/upside_fy2027_fees:upside/id | None | upside_fy2027_fees |
| /operating_model/cells/upside_fy2027_fees:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_fees:upside/label | None | Fee revenue ($M) |
| /operating_model/cells/upside_fy2027_fees:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_fees:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_fees:upside/value | None | 1985.0 |
| /operating_model/cells/upside_fy2027_lending_investment:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_lending_investment:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_lending_investment:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_lending_investment:upside/formula/refs/0 | None | upside_2027q1_lending_investment |
| /operating_model/cells/upside_fy2027_lending_investment:upside/formula/refs/1 | None | upside_2027q2_lending_investment |
| /operating_model/cells/upside_fy2027_lending_investment:upside/formula/refs/2 | None | upside_2027q3_lending_investment |
| /operating_model/cells/upside_fy2027_lending_investment:upside/formula/refs/3 | None | upside_2027q4_lending_investment |
| /operating_model/cells/upside_fy2027_lending_investment:upside/id | None | upside_fy2027_lending_investment |
| /operating_model/cells/upside_fy2027_lending_investment:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_lending_investment:upside/label | None | Net HFI loan investment ($M) |
| /operating_model/cells/upside_fy2027_lending_investment:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_lending_investment:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_lending_investment:upside/value | None | 110.0 |
| /operating_model/cells/upside_fy2027_operating_income:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_operating_income:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_operating_income:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/0 | None | upside_2027q1_operating_income |
| /operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/1 | None | upside_2027q2_operating_income |
| /operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/2 | None | upside_2027q3_operating_income |
| /operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/3 | None | upside_2027q4_operating_income |
| /operating_model/cells/upside_fy2027_operating_income:upside/id | None | upside_fy2027_operating_income |
| /operating_model/cells/upside_fy2027_operating_income:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_operating_income:upside/label | None | GAAP operating income proxy ($M) |
| /operating_model/cells/upside_fy2027_operating_income:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_operating_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_operating_income:upside/value | None | 322.41 |
| /operating_model/cells/upside_fy2027_revenue:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_revenue:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_revenue:upside/formula/refs/0 | None | upside_2027q1_revenue |
| /operating_model/cells/upside_fy2027_revenue:upside/formula/refs/1 | None | upside_2027q2_revenue |
| /operating_model/cells/upside_fy2027_revenue:upside/formula/refs/2 | None | upside_2027q3_revenue |
| /operating_model/cells/upside_fy2027_revenue:upside/formula/refs/3 | None | upside_2027q4_revenue |
| /operating_model/cells/upside_fy2027_revenue:upside/id | None | upside_fy2027_revenue |
| /operating_model/cells/upside_fy2027_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_revenue:upside/label | None | Total revenue ($M) |
| /operating_model/cells/upside_fy2027_revenue:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_revenue:upside/value | None | 2175.0 |
| /operating_model/highlights/0 | None | july_volume |
| /operating_model/highlights/1 | None | august_volume |
| /operating_model/highlights/10 | None | h1_asset_cash |
| /operating_model/highlights/11 | None | h1_cash_after_claims |
| /operating_model/highlights/12 | None | cash |
| /operating_model/highlights/13 | None | restricted_cash |
| /operating_model/highlights/14 | None | loan_fair_value |
| /operating_model/highlights/15 | None | beneficial_assets |
| /operating_model/highlights/16 | None | debt_face |
| /operating_model/highlights/17 | None | august_note |
| /operating_model/highlights/2 | None | fy26_revenue |
| /operating_model/highlights/3 | None | fy26_fees |
| /operating_model/highlights/4 | None | fy26_ebitda |
| /operating_model/highlights/5 | None | h1_ebitda_bridge |
| /operating_model/highlights/6 | None | h1_hfs_funding |
| /operating_model/highlights/7 | None | h1_cash_before_settlement |
| /operating_model/highlights/8 | None | h1_cfo |
| /operating_model/highlights/9 | None | h1_lending_investment |
| /operating_model/limitations/0 | None | The unsecured activity index uses total facilitated principal as a proxy. Servicing and loan-sale fees are included in the unsecured fee baseline; the yield factor is not a pure contractual origination take rate. Secured fees are a separate sensitivity, not an invented GAAP segment. |
| /operating_model/limitations/1 | None | July/August originations are preliminary company operating metrics, not revenue. September volume, product mix and all FY2027 assumptions are desk estimates. UMI 1.50 is an Upstart-specific credit-risk indicator, not a forecast of the economy or a company loss provision. |
| /operating_model/limitations/2 | None | Castlelake agreed to purchase up to $4B of platform loans over up to 24 months. This is third-party loan funding, not $4B corporate cash, revenue or guaranteed immediate purchases. |
| /operating_model/limitations/3 | None | OCC bank approval is conditional; deposit-insurance and holding-company approvals remained pending in the reviewed filing. No bank funding benefit is included. |
| /operating_model/limitations/4 | None | HFS purchases, sales and principal receipts are already inside reported CFO. They are deducted once; investing HFI and beneficial assets follow below CFO. Analytical cash before settlement is not company FCF. |
| /operating_model/limitations/5 | None | CFO is a proxy: fair-value/noncash timing and settlements can differ significantly. Future loan-asset proceeds are assumptions, not a liquidation promise. No complete restricted-cash, investor-payable or warehouse borrowing waterfall is modeled. |
| /operating_model/limitations/6 | None | The $66.544M 2026 convertible was scheduled to mature August 15. Q3 assumes cash settlement; the reviewed pre-maturity filing does not confirm the actual settlement. Other modeled principal is an amortization sensitivity. |
| /operating_model/limitations/7 | None | No EPS, fully diluted ownership or bank regulatory capital forecast. Negative cash after claims is a pre-financing funding need, not a projected cash balance. |
| /operating_model/method | None | Drive unsecured fees from origination activity and a mixed fee-realization factor; model secured fees and contribution margin separately. Q3 volume includes reported July and August and a September desk estimate. Base H2 fees, consolidated revenue and adjusted EBITDA reconcile to annual outlook. Bridge adjusted EBITDA to GAAP operating earnings using the disclosed reconciliation, then model cash before loan settlement, net held-for-sale funding within CFO, and investing loan/beneficial-asset cash separately. No new bank deposits or optional financing are assumed. |
| /operating_model/metrics/adj_ebitda | None | Adjusted EBITDA proxy ($M) |
| /operating_model/metrics/asset_cash | None | Other lending/beneficial asset receipts ($M) |
| /operating_model/metrics/buybacks | None | Share repurchase cash ($M) |
| /operating_model/metrics/capex | None | Cash PP&E and software ($M) |
| /operating_model/metrics/cash_after_claims | None | Cash after lending and capital claims ($M) |
| /operating_model/metrics/cfo | None | CFO after HFS loan settlement ($M) |
| /operating_model/metrics/contribution | None | Fee contribution profit ($M) |
| /operating_model/metrics/debt_principal | None | Debt principal cash ($M) |
| /operating_model/metrics/fees | None | Fee revenue ($M) |
| /operating_model/metrics/lending_investment | None | Net HFI loan investment ($M) |
| /operating_model/metrics/operating_income | None | GAAP operating income proxy ($M) |
| /operating_model/metrics/revenue | None | Total revenue ($M) |
| /operating_model/outputs/2026Q3:base/case | None | base |
| /operating_model/outputs/2026Q3:base/frequency | None | quarter |
| /operating_model/outputs/2026Q3:base/metrics/adj_ebitda | None | base_2026q3_adj_ebitda |
| /operating_model/outputs/2026Q3:base/metrics/asset_cash | None | base_2026q3_asset_cash |
| /operating_model/outputs/2026Q3:base/metrics/buybacks | None | base_2026q3_buybacks |
| /operating_model/outputs/2026Q3:base/metrics/capex | None | base_2026q3_capex |
| /operating_model/outputs/2026Q3:base/metrics/cash_after_claims | None | base_2026q3_cash_after_claims |
| /operating_model/outputs/2026Q3:base/metrics/cfo | None | base_2026q3_cfo |
| /operating_model/outputs/2026Q3:base/metrics/contribution | None | base_2026q3_contribution |
| /operating_model/outputs/2026Q3:base/metrics/debt_principal | None | base_2026q3_debt_principal |
| /operating_model/outputs/2026Q3:base/metrics/fees | None | base_2026q3_fees |
| /operating_model/outputs/2026Q3:base/metrics/lending_investment | None | base_2026q3_lending_investment |
| /operating_model/outputs/2026Q3:base/metrics/operating_income | None | base_2026q3_operating_income |
| /operating_model/outputs/2026Q3:base/metrics/revenue | None | base_2026q3_revenue |
| /operating_model/outputs/2026Q3:base/period | None | 2026Q3 |
| /operating_model/outputs/2026Q3:base/period_end | None | 2026-09-30 |
| /operating_model/outputs/2026Q3:base/values/adj_ebitda | None | 85.00000000000004 |
| /operating_model/outputs/2026Q3:base/values/asset_cash | None | 30.0 |
| /operating_model/outputs/2026Q3:base/values/buybacks | None | 0.0 |
| /operating_model/outputs/2026Q3:base/values/capex | None | 8.0 |
| /operating_model/outputs/2026Q3:base/values/cash_after_claims | None | -83.54399999999995 |
| /operating_model/outputs/2026Q3:base/values/cfo | None | -11.999999999999957 |
| /operating_model/outputs/2026Q3:base/values/contribution | None | 179.30000000000004 |
| /operating_model/outputs/2026Q3:base/values/debt_principal | None | 73.544 |
| /operating_model/outputs/2026Q3:base/values/fees | None | 328.00000000000006 |
| /operating_model/outputs/2026Q3:base/values/lending_investment | None | 20.0 |
| /operating_model/outputs/2026Q3:base/values/operating_income | None | 27.000000000000043 |
| /operating_model/outputs/2026Q3:base/values/revenue | None | 354.00000000000006 |
| /operating_model/outputs/2026Q3:downside/case | None | downside |
| /operating_model/outputs/2026Q3:downside/frequency | None | quarter |
| /operating_model/outputs/2026Q3:downside/metrics/adj_ebitda | None | downside_2026q3_adj_ebitda |
| /operating_model/outputs/2026Q3:downside/metrics/asset_cash | None | downside_2026q3_asset_cash |
| /operating_model/outputs/2026Q3:downside/metrics/buybacks | None | downside_2026q3_buybacks |
| /operating_model/outputs/2026Q3:downside/metrics/capex | None | downside_2026q3_capex |
| /operating_model/outputs/2026Q3:downside/metrics/cash_after_claims | None | downside_2026q3_cash_after_claims |
| /operating_model/outputs/2026Q3:downside/metrics/cfo | None | downside_2026q3_cfo |
| /operating_model/outputs/2026Q3:downside/metrics/contribution | None | downside_2026q3_contribution |
| /operating_model/outputs/2026Q3:downside/metrics/debt_principal | None | downside_2026q3_debt_principal |
| /operating_model/outputs/2026Q3:downside/metrics/fees | None | downside_2026q3_fees |
| /operating_model/outputs/2026Q3:downside/metrics/lending_investment | None | downside_2026q3_lending_investment |
| /operating_model/outputs/2026Q3:downside/metrics/operating_income | None | downside_2026q3_operating_income |
| /operating_model/outputs/2026Q3:downside/metrics/revenue | None | downside_2026q3_revenue |
| /operating_model/outputs/2026Q3:downside/period | None | 2026Q3 |
| /operating_model/outputs/2026Q3:downside/period_end | None | 2026-09-30 |
| /operating_model/outputs/2026Q3:downside/values/adj_ebitda | None | 23.05000000000001 |
| /operating_model/outputs/2026Q3:downside/values/asset_cash | None | 20.0 |
| /operating_model/outputs/2026Q3:downside/values/buybacks | None | 0.0 |
| /operating_model/outputs/2026Q3:downside/values/capex | None | 8.0 |
| /operating_model/outputs/2026Q3:downside/values/cash_after_claims | None | -270.49399999999997 |
| /operating_model/outputs/2026Q3:downside/values/cfo | None | -168.95 |
| /operating_model/outputs/2026Q3:downside/values/contribution | None | 136.05 |
| /operating_model/outputs/2026Q3:downside/values/debt_principal | None | 73.544 |
| /operating_model/outputs/2026Q3:downside/values/fees | None | 285.0 |
| /operating_model/outputs/2026Q3:downside/values/lending_investment | None | 40.0 |
| /operating_model/outputs/2026Q3:downside/values/operating_income | None | -34.94999999999999 |
| /operating_model/outputs/2026Q3:downside/values/revenue | None | 292.0 |
| /operating_model/outputs/2026Q3:upside/case | None | upside |
| /operating_model/outputs/2026Q3:upside/frequency | None | quarter |
| /operating_model/outputs/2026Q3:upside/metrics/adj_ebitda | None | upside_2026q3_adj_ebitda |
| /operating_model/outputs/2026Q3:upside/metrics/asset_cash | None | upside_2026q3_asset_cash |
| /operating_model/outputs/2026Q3:upside/metrics/buybacks | None | upside_2026q3_buybacks |
| /operating_model/outputs/2026Q3:upside/metrics/capex | None | upside_2026q3_capex |
| /operating_model/outputs/2026Q3:upside/metrics/cash_after_claims | None | upside_2026q3_cash_after_claims |
| /operating_model/outputs/2026Q3:upside/metrics/cfo | None | upside_2026q3_cfo |
| /operating_model/outputs/2026Q3:upside/metrics/contribution | None | upside_2026q3_contribution |
| /operating_model/outputs/2026Q3:upside/metrics/debt_principal | None | upside_2026q3_debt_principal |
| /operating_model/outputs/2026Q3:upside/metrics/fees | None | upside_2026q3_fees |
| /operating_model/outputs/2026Q3:upside/metrics/lending_investment | None | upside_2026q3_lending_investment |
| /operating_model/outputs/2026Q3:upside/metrics/operating_income | None | upside_2026q3_operating_income |
| /operating_model/outputs/2026Q3:upside/metrics/revenue | None | upside_2026q3_revenue |
| /operating_model/outputs/2026Q3:upside/period | None | 2026Q3 |
| /operating_model/outputs/2026Q3:upside/period_end | None | 2026-09-30 |
| /operating_model/outputs/2026Q3:upside/values/adj_ebitda | None | 119.63999999999996 |
| /operating_model/outputs/2026Q3:upside/values/asset_cash | None | 40.0 |
| /operating_model/outputs/2026Q3:upside/values/buybacks | None | 0.0 |
| /operating_model/outputs/2026Q3:upside/values/capex | None | 8.0 |
| /operating_model/outputs/2026Q3:upside/values/cash_after_claims | None | 18.09599999999996 |
| /operating_model/outputs/2026Q3:upside/values/cfo | None | 74.63999999999996 |
| /operating_model/outputs/2026Q3:upside/values/contribution | None | 206.63999999999996 |
| /operating_model/outputs/2026Q3:upside/values/debt_principal | None | 73.544 |
| /operating_model/outputs/2026Q3:upside/values/fees | None | 349.99999999999994 |
| /operating_model/outputs/2026Q3:upside/values/lending_investment | None | 15.0 |
| /operating_model/outputs/2026Q3:upside/values/operating_income | None | 61.63999999999996 |
| /operating_model/outputs/2026Q3:upside/values/revenue | None | 387.99999999999994 |
| /operating_model/outputs/2026Q4:base/case | None | base |
| /operating_model/outputs/2026Q4:base/frequency | None | quarter |
| /operating_model/outputs/2026Q4:base/metrics/adj_ebitda | None | base_2026q4_adj_ebitda |
| /operating_model/outputs/2026Q4:base/metrics/asset_cash | None | base_2026q4_asset_cash |
| /operating_model/outputs/2026Q4:base/metrics/buybacks | None | base_2026q4_buybacks |
| /operating_model/outputs/2026Q4:base/metrics/capex | None | base_2026q4_capex |
| /operating_model/outputs/2026Q4:base/metrics/cash_after_claims | None | base_2026q4_cash_after_claims |
| /operating_model/outputs/2026Q4:base/metrics/cfo | None | base_2026q4_cfo |
| /operating_model/outputs/2026Q4:base/metrics/contribution | None | base_2026q4_contribution |
| /operating_model/outputs/2026Q4:base/metrics/debt_principal | None | base_2026q4_debt_principal |
| /operating_model/outputs/2026Q4:base/metrics/fees | None | base_2026q4_fees |
| /operating_model/outputs/2026Q4:base/metrics/lending_investment | None | base_2026q4_lending_investment |
| /operating_model/outputs/2026Q4:base/metrics/operating_income | None | base_2026q4_operating_income |
| /operating_model/outputs/2026Q4:base/metrics/revenue | None | base_2026q4_revenue |
| /operating_model/outputs/2026Q4:base/period | None | 2026Q4 |
| /operating_model/outputs/2026Q4:base/period_end | None | 2026-12-31 |
| /operating_model/outputs/2026Q4:base/values/adj_ebitda | None | 91.62600000000003 |
| /operating_model/outputs/2026Q4:base/values/asset_cash | None | 30.0 |
| /operating_model/outputs/2026Q4:base/values/buybacks | None | 0.0 |
| /operating_model/outputs/2026Q4:base/values/capex | None | 9.0 |
| /operating_model/outputs/2026Q4:base/values/cash_after_claims | None | -27.533999999999963 |
| /operating_model/outputs/2026Q4:base/values/cfo | None | -16.533999999999963 |
| /operating_model/outputs/2026Q4:base/values/contribution | None | 187.90080000000003 |
| /operating_model/outputs/2026Q4:base/values/debt_principal | None | 7.0 |
| /operating_model/outputs/2026Q4:base/values/fees | None | 346.91800000000006 |
| /operating_model/outputs/2026Q4:base/values/lending_investment | None | 25.0 |
| /operating_model/outputs/2026Q4:base/values/operating_income | None | 30.126000000000033 |
| /operating_model/outputs/2026Q4:base/values/revenue | None | 373.0780000000001 |
| /operating_model/outputs/2026Q4:downside/case | None | downside |
| /operating_model/outputs/2026Q4:downside/frequency | None | quarter |
| /operating_model/outputs/2026Q4:downside/metrics/adj_ebitda | None | downside_2026q4_adj_ebitda |
| /operating_model/outputs/2026Q4:downside/metrics/asset_cash | None | downside_2026q4_asset_cash |
| /operating_model/outputs/2026Q4:downside/metrics/buybacks | None | downside_2026q4_buybacks |
| /operating_model/outputs/2026Q4:downside/metrics/capex | None | downside_2026q4_capex |
| /operating_model/outputs/2026Q4:downside/metrics/cash_after_claims | None | downside_2026q4_cash_after_claims |
| /operating_model/outputs/2026Q4:downside/metrics/cfo | None | downside_2026q4_cfo |
| /operating_model/outputs/2026Q4:downside/metrics/contribution | None | downside_2026q4_contribution |
| /operating_model/outputs/2026Q4:downside/metrics/debt_principal | None | downside_2026q4_debt_principal |
| /operating_model/outputs/2026Q4:downside/metrics/fees | None | downside_2026q4_fees |
| /operating_model/outputs/2026Q4:downside/metrics/lending_investment | None | downside_2026q4_lending_investment |
| /operating_model/outputs/2026Q4:downside/metrics/operating_income | None | downside_2026q4_operating_income |
| /operating_model/outputs/2026Q4:downside/metrics/revenue | None | downside_2026q4_revenue |
| /operating_model/outputs/2026Q4:downside/period | None | 2026Q4 |
| /operating_model/outputs/2026Q4:downside/period_end | None | 2026-12-31 |
| /operating_model/outputs/2026Q4:downside/values/adj_ebitda | None | 19.375000000000057 |
| /operating_model/outputs/2026Q4:downside/values/asset_cash | None | 20.0 |
| /operating_model/outputs/2026Q4:downside/values/buybacks | None | 0.0 |
| /operating_model/outputs/2026Q4:downside/values/capex | None | 9.0 |
| /operating_model/outputs/2026Q4:downside/values/cash_after_claims | None | -212.62499999999994 |
| /operating_model/outputs/2026Q4:downside/values/cfo | None | -171.62499999999994 |
| /operating_model/outputs/2026Q4:downside/values/contribution | None | 140.37500000000006 |
| /operating_model/outputs/2026Q4:downside/values/debt_principal | None | 7.0 |
| /operating_model/outputs/2026Q4:downside/values/fees | None | 295.00000000000006 |
| /operating_model/outputs/2026Q4:downside/values/lending_investment | None | 45.0 |
| /operating_model/outputs/2026Q4:downside/values/operating_income | None | -42.12499999999994 |
| /operating_model/outputs/2026Q4:downside/values/revenue | None | 297.00000000000006 |
| /operating_model/outputs/2026Q4:upside/case | None | upside |
| /operating_model/outputs/2026Q4:upside/frequency | None | quarter |
| /operating_model/outputs/2026Q4:upside/metrics/adj_ebitda | None | upside_2026q4_adj_ebitda |
| /operating_model/outputs/2026Q4:upside/metrics/asset_cash | None | upside_2026q4_asset_cash |
| /operating_model/outputs/2026Q4:upside/metrics/buybacks | None | upside_2026q4_buybacks |
| /operating_model/outputs/2026Q4:upside/metrics/capex | None | upside_2026q4_capex |
| /operating_model/outputs/2026Q4:upside/metrics/cash_after_claims | None | upside_2026q4_cash_after_claims |
| /operating_model/outputs/2026Q4:upside/metrics/cfo | None | upside_2026q4_cfo |
| /operating_model/outputs/2026Q4:upside/metrics/contribution | None | upside_2026q4_contribution |
| /operating_model/outputs/2026Q4:upside/metrics/debt_principal | None | upside_2026q4_debt_principal |
| /operating_model/outputs/2026Q4:upside/metrics/fees | None | upside_2026q4_fees |
| /operating_model/outputs/2026Q4:upside/metrics/lending_investment | None | upside_2026q4_lending_investment |
| /operating_model/outputs/2026Q4:upside/metrics/operating_income | None | upside_2026q4_operating_income |
| /operating_model/outputs/2026Q4:upside/metrics/revenue | None | upside_2026q4_revenue |
| /operating_model/outputs/2026Q4:upside/period | None | 2026Q4 |
| /operating_model/outputs/2026Q4:upside/period_end | None | 2026-12-31 |
| /operating_model/outputs/2026Q4:upside/values/adj_ebitda | None | 125.98000000000002 |
| /operating_model/outputs/2026Q4:upside/values/asset_cash | None | 40.0 |
| /operating_model/outputs/2026Q4:upside/values/buybacks | None | 0.0 |
| /operating_model/outputs/2026Q4:upside/values/capex | None | 9.0 |
| /operating_model/outputs/2026Q4:upside/values/cash_after_claims | None | 72.98000000000002 |
| /operating_model/outputs/2026Q4:upside/values/cfo | None | 68.98000000000002 |
| /operating_model/outputs/2026Q4:upside/values/contribution | None | 224.98000000000002 |
| /operating_model/outputs/2026Q4:upside/values/debt_principal | None | 7.0 |
| /operating_model/outputs/2026Q4:upside/values/fees | None | 385.0 |
| /operating_model/outputs/2026Q4:upside/values/lending_investment | None | 20.0 |
| /operating_model/outputs/2026Q4:upside/values/operating_income | None | 64.48000000000002 |
| /operating_model/outputs/2026Q4:upside/values/revenue | None | 426.0 |
| /operating_model/outputs/2027Q1:base/case | None | base |
| /operating_model/outputs/2027Q1:base/frequency | None | quarter |
| /operating_model/outputs/2027Q1:base/metrics/adj_ebitda | None | base_2027q1_adj_ebitda |
| /operating_model/outputs/2027Q1:base/metrics/asset_cash | None | base_2027q1_asset_cash |
| /operating_model/outputs/2027Q1:base/metrics/buybacks | None | base_2027q1_buybacks |
| /operating_model/outputs/2027Q1:base/metrics/capex | None | base_2027q1_capex |
| /operating_model/outputs/2027Q1:base/metrics/cash_after_claims | None | base_2027q1_cash_after_claims |
| /operating_model/outputs/2027Q1:base/metrics/cfo | None | base_2027q1_cfo |
| /operating_model/outputs/2027Q1:base/metrics/contribution | None | base_2027q1_contribution |
| /operating_model/outputs/2027Q1:base/metrics/debt_principal | None | base_2027q1_debt_principal |
| /operating_model/outputs/2027Q1:base/metrics/fees | None | base_2027q1_fees |
| /operating_model/outputs/2027Q1:base/metrics/lending_investment | None | base_2027q1_lending_investment |
| /operating_model/outputs/2027Q1:base/metrics/operating_income | None | base_2027q1_operating_income |
| /operating_model/outputs/2027Q1:base/metrics/revenue | None | base_2027q1_revenue |
| /operating_model/outputs/2027Q1:base/period | None | 2027Q1 |
| /operating_model/outputs/2027Q1:base/period_end | None | 2027-03-31 |
| /operating_model/outputs/2027Q1:base/values/adj_ebitda | None | 85.6 |
| /operating_model/outputs/2027Q1:base/values/asset_cash | None | 30.0 |
| /operating_model/outputs/2027Q1:base/values/buybacks | None | 0.0 |
| /operating_model/outputs/2027Q1:base/values/capex | None | 10.0 |
| /operating_model/outputs/2027Q1:base/values/cash_after_claims | None | -7.400000000000006 |
| /operating_model/outputs/2027Q1:base/values/cfo | None | 4.599999999999994 |
| /operating_model/outputs/2027Q1:base/values/contribution | None | 189.6 |
| /operating_model/outputs/2027Q1:base/values/debt_principal | None | 7.0 |
| /operating_model/outputs/2027Q1:base/values/fees | None | 355.0 |
| /operating_model/outputs/2027Q1:base/values/lending_investment | None | 25.0 |
| /operating_model/outputs/2027Q1:base/values/operating_income | None | 20.599999999999994 |
| /operating_model/outputs/2027Q1:base/values/revenue | None | 383.0 |
| /operating_model/outputs/2027Q1:downside/case | None | downside |
| /operating_model/outputs/2027Q1:downside/frequency | None | quarter |
| /operating_model/outputs/2027Q1:downside/metrics/adj_ebitda | None | downside_2027q1_adj_ebitda |
| /operating_model/outputs/2027Q1:downside/metrics/asset_cash | None | downside_2027q1_asset_cash |
| /operating_model/outputs/2027Q1:downside/metrics/buybacks | None | downside_2027q1_buybacks |
| /operating_model/outputs/2027Q1:downside/metrics/capex | None | downside_2027q1_capex |
| /operating_model/outputs/2027Q1:downside/metrics/cash_after_claims | None | downside_2027q1_cash_after_claims |
| /operating_model/outputs/2027Q1:downside/metrics/cfo | None | downside_2027q1_cfo |
| /operating_model/outputs/2027Q1:downside/metrics/contribution | None | downside_2027q1_contribution |
| /operating_model/outputs/2027Q1:downside/metrics/debt_principal | None | downside_2027q1_debt_principal |
| /operating_model/outputs/2027Q1:downside/metrics/fees | None | downside_2027q1_fees |
| /operating_model/outputs/2027Q1:downside/metrics/lending_investment | None | downside_2027q1_lending_investment |
| /operating_model/outputs/2027Q1:downside/metrics/operating_income | None | downside_2027q1_operating_income |
| /operating_model/outputs/2027Q1:downside/metrics/revenue | None | downside_2027q1_revenue |
| /operating_model/outputs/2027Q1:downside/period | None | 2027Q1 |
| /operating_model/outputs/2027Q1:downside/period_end | None | 2027-03-31 |
| /operating_model/outputs/2027Q1:downside/values/adj_ebitda | None | 11.700000000000017 |
| /operating_model/outputs/2027Q1:downside/values/asset_cash | None | 20.0 |
| /operating_model/outputs/2027Q1:downside/values/buybacks | None | 0.0 |
| /operating_model/outputs/2027Q1:downside/values/capex | None | 10.0 |
| /operating_model/outputs/2027Q1:downside/values/cash_after_claims | None | -168.29999999999998 |
| /operating_model/outputs/2027Q1:downside/values/cfo | None | -131.29999999999998 |
| /operating_model/outputs/2027Q1:downside/values/contribution | None | 135.70000000000002 |
| /operating_model/outputs/2027Q1:downside/values/debt_principal | None | 7.0 |
| /operating_model/outputs/2027Q1:downside/values/fees | None | 290.0 |
| /operating_model/outputs/2027Q1:downside/values/lending_investment | None | 40.0 |
| /operating_model/outputs/2027Q1:downside/values/operating_income | None | -53.29999999999998 |
| /operating_model/outputs/2027Q1:downside/values/revenue | None | 291.0 |
| /operating_model/outputs/2027Q1:upside/case | None | upside |
| /operating_model/outputs/2027Q1:upside/frequency | None | quarter |
| /operating_model/outputs/2027Q1:upside/metrics/adj_ebitda | None | upside_2027q1_adj_ebitda |
| /operating_model/outputs/2027Q1:upside/metrics/asset_cash | None | upside_2027q1_asset_cash |
| /operating_model/outputs/2027Q1:upside/metrics/buybacks | None | upside_2027q1_buybacks |
| /operating_model/outputs/2027Q1:upside/metrics/capex | None | upside_2027q1_capex |
| /operating_model/outputs/2027Q1:upside/metrics/cash_after_claims | None | upside_2027q1_cash_after_claims |
| /operating_model/outputs/2027Q1:upside/metrics/cfo | None | upside_2027q1_cfo |
| /operating_model/outputs/2027Q1:upside/metrics/contribution | None | upside_2027q1_contribution |
| /operating_model/outputs/2027Q1:upside/metrics/debt_principal | None | upside_2027q1_debt_principal |
| /operating_model/outputs/2027Q1:upside/metrics/fees | None | upside_2027q1_fees |
| /operating_model/outputs/2027Q1:upside/metrics/lending_investment | None | upside_2027q1_lending_investment |
| /operating_model/outputs/2027Q1:upside/metrics/operating_income | None | upside_2027q1_operating_income |
| /operating_model/outputs/2027Q1:upside/metrics/revenue | None | upside_2027q1_revenue |
| /operating_model/outputs/2027Q1:upside/period | None | 2027Q1 |
| /operating_model/outputs/2027Q1:upside/period_end | None | 2027-03-31 |
| /operating_model/outputs/2027Q1:upside/values/adj_ebitda | None | 134.58000000000004 |
| /operating_model/outputs/2027Q1:upside/values/asset_cash | None | 40.0 |
| /operating_model/outputs/2027Q1:upside/values/buybacks | None | 0.0 |
| /operating_model/outputs/2027Q1:upside/values/capex | None | 10.0 |
| /operating_model/outputs/2027Q1:upside/values/cash_after_claims | None | 89.58000000000004 |
| /operating_model/outputs/2027Q1:upside/values/cfo | None | 86.58000000000004 |
| /operating_model/outputs/2027Q1:upside/values/contribution | None | 242.58 |
| /operating_model/outputs/2027Q1:upside/values/debt_principal | None | 7.0 |
| /operating_model/outputs/2027Q1:upside/values/fees | None | 420.0 |
| /operating_model/outputs/2027Q1:upside/values/lending_investment | None | 20.0 |
| /operating_model/outputs/2027Q1:upside/values/operating_income | None | 69.58000000000004 |
| /operating_model/outputs/2027Q1:upside/values/revenue | None | 464.0 |
| /operating_model/outputs/2027Q2:base/case | None | base |
| /operating_model/outputs/2027Q2:base/frequency | None | quarter |
| /operating_model/outputs/2027Q2:base/metrics/adj_ebitda | None | base_2027q2_adj_ebitda |
| /operating_model/outputs/2027Q2:base/metrics/asset_cash | None | base_2027q2_asset_cash |
| /operating_model/outputs/2027Q2:base/metrics/buybacks | None | base_2027q2_buybacks |
| /operating_model/outputs/2027Q2:base/metrics/capex | None | base_2027q2_capex |
| /operating_model/outputs/2027Q2:base/metrics/cash_after_claims | None | base_2027q2_cash_after_claims |
| /operating_model/outputs/2027Q2:base/metrics/cfo | None | base_2027q2_cfo |
| /operating_model/outputs/2027Q2:base/metrics/contribution | None | base_2027q2_contribution |
| /operating_model/outputs/2027Q2:base/metrics/debt_principal | None | base_2027q2_debt_principal |
| /operating_model/outputs/2027Q2:base/metrics/fees | None | base_2027q2_fees |
| /operating_model/outputs/2027Q2:base/metrics/lending_investment | None | base_2027q2_lending_investment |
| /operating_model/outputs/2027Q2:base/metrics/operating_income | None | base_2027q2_operating_income |
| /operating_model/outputs/2027Q2:base/metrics/revenue | None | base_2027q2_revenue |
| /operating_model/outputs/2027Q2:base/period | None | 2027Q2 |
| /operating_model/outputs/2027Q2:base/period_end | None | 2027-06-30 |
| /operating_model/outputs/2027Q2:base/values/adj_ebitda | None | 91.5 |
| /operating_model/outputs/2027Q2:base/values/asset_cash | None | 30.0 |
| /operating_model/outputs/2027Q2:base/values/buybacks | None | 0.0 |
| /operating_model/outputs/2027Q2:base/values/capex | None | 11.0 |
| /operating_model/outputs/2027Q2:base/values/cash_after_claims | None | -29.5 |
| /operating_model/outputs/2027Q2:base/values/cfo | None | -11.5 |
| /operating_model/outputs/2027Q2:base/values/contribution | None | 206.5 |
| /operating_model/outputs/2027Q2:base/values/debt_principal | None | 7.0 |
| /operating_model/outputs/2027Q2:base/values/fees | None | 390.0 |
| /operating_model/outputs/2027Q2:base/values/lending_investment | None | 30.0 |
| /operating_model/outputs/2027Q2:base/values/operating_income | None | 23.0 |
| /operating_model/outputs/2027Q2:base/values/revenue | None | 420.0 |
| /operating_model/outputs/2027Q2:downside/case | None | downside |
| /operating_model/outputs/2027Q2:downside/frequency | None | quarter |
| /operating_model/outputs/2027Q2:downside/metrics/adj_ebitda | None | downside_2027q2_adj_ebitda |
| /operating_model/outputs/2027Q2:downside/metrics/asset_cash | None | downside_2027q2_asset_cash |
| /operating_model/outputs/2027Q2:downside/metrics/buybacks | None | downside_2027q2_buybacks |
| /operating_model/outputs/2027Q2:downside/metrics/capex | None | downside_2027q2_capex |
| /operating_model/outputs/2027Q2:downside/metrics/cash_after_claims | None | downside_2027q2_cash_after_claims |
| /operating_model/outputs/2027Q2:downside/metrics/cfo | None | downside_2027q2_cfo |
| /operating_model/outputs/2027Q2:downside/metrics/contribution | None | downside_2027q2_contribution |
| /operating_model/outputs/2027Q2:downside/metrics/debt_principal | None | downside_2027q2_debt_principal |
| /operating_model/outputs/2027Q2:downside/metrics/fees | None | downside_2027q2_fees |
| /operating_model/outputs/2027Q2:downside/metrics/lending_investment | None | downside_2027q2_lending_investment |
| /operating_model/outputs/2027Q2:downside/metrics/operating_income | None | downside_2027q2_operating_income |
| /operating_model/outputs/2027Q2:downside/metrics/revenue | None | downside_2027q2_revenue |
| /operating_model/outputs/2027Q2:downside/period | None | 2027Q2 |
| /operating_model/outputs/2027Q2:downside/period_end | None | 2027-06-30 |
| /operating_model/outputs/2027Q2:downside/values/adj_ebitda | None | 20.849999999999994 |
| /operating_model/outputs/2027Q2:downside/values/asset_cash | None | 20.0 |
| /operating_model/outputs/2027Q2:downside/values/buybacks | None | 0.0 |
| /operating_model/outputs/2027Q2:downside/values/capex | None | 11.0 |
| /operating_model/outputs/2027Q2:downside/values/cash_after_claims | None | -180.15 |
| /operating_model/outputs/2027Q2:downside/values/cfo | None | -137.15 |
| /operating_model/outputs/2027Q2:downside/values/contribution | None | 146.85 |
| /operating_model/outputs/2027Q2:downside/values/debt_principal | None | 7.0 |
| /operating_model/outputs/2027Q2:downside/values/fees | None | 315.0 |
| /operating_model/outputs/2027Q2:downside/values/lending_investment | None | 45.0 |
| /operating_model/outputs/2027Q2:downside/values/operating_income | None | -47.650000000000006 |
| /operating_model/outputs/2027Q2:downside/values/revenue | None | 319.0 |
| /operating_model/outputs/2027Q2:upside/case | None | upside |
| /operating_model/outputs/2027Q2:upside/frequency | None | quarter |
| /operating_model/outputs/2027Q2:upside/metrics/adj_ebitda | None | upside_2027q2_adj_ebitda |
| /operating_model/outputs/2027Q2:upside/metrics/asset_cash | None | upside_2027q2_asset_cash |
| /operating_model/outputs/2027Q2:upside/metrics/buybacks | None | upside_2027q2_buybacks |
| /operating_model/outputs/2027Q2:upside/metrics/capex | None | upside_2027q2_capex |
| /operating_model/outputs/2027Q2:upside/metrics/cash_after_claims | None | upside_2027q2_cash_after_claims |
| /operating_model/outputs/2027Q2:upside/metrics/cfo | None | upside_2027q2_cfo |
| /operating_model/outputs/2027Q2:upside/metrics/contribution | None | upside_2027q2_contribution |
| /operating_model/outputs/2027Q2:upside/metrics/debt_principal | None | upside_2027q2_debt_principal |
| /operating_model/outputs/2027Q2:upside/metrics/fees | None | upside_2027q2_fees |
| /operating_model/outputs/2027Q2:upside/metrics/lending_investment | None | upside_2027q2_lending_investment |
| /operating_model/outputs/2027Q2:upside/metrics/operating_income | None | upside_2027q2_operating_income |
| /operating_model/outputs/2027Q2:upside/metrics/revenue | None | upside_2027q2_revenue |
| /operating_model/outputs/2027Q2:upside/period | None | 2027Q2 |
| /operating_model/outputs/2027Q2:upside/period_end | None | 2027-06-30 |
| /operating_model/outputs/2027Q2:upside/values/adj_ebitda | None | 145.89999999999998 |
| /operating_model/outputs/2027Q2:upside/values/asset_cash | None | 40.0 |
| /operating_model/outputs/2027Q2:upside/values/buybacks | None | 0.0 |
| /operating_model/outputs/2027Q2:upside/values/capex | None | 11.0 |
| /operating_model/outputs/2027Q2:upside/values/cash_after_claims | None | 83.89999999999998 |
| /operating_model/outputs/2027Q2:upside/values/cfo | None | 86.89999999999998 |
| /operating_model/outputs/2027Q2:upside/values/contribution | None | 264.9 |
| /operating_model/outputs/2027Q2:upside/values/debt_principal | None | 7.0 |
| /operating_model/outputs/2027Q2:upside/values/fees | None | 464.99999999999994 |
| /operating_model/outputs/2027Q2:upside/values/lending_investment | None | 25.0 |
| /operating_model/outputs/2027Q2:upside/values/operating_income | None | 77.39999999999998 |
| /operating_model/outputs/2027Q2:upside/values/revenue | None | 510.99999999999994 |
| /operating_model/outputs/FY2026:base/case | None | base |
| /operating_model/outputs/FY2026:base/frequency | None | year |
| /operating_model/outputs/FY2026:base/metrics/adj_ebitda | None | base_fy2026_adj_ebitda |
| /operating_model/outputs/FY2026:base/metrics/asset_cash | None | base_fy2026_asset_cash |
| /operating_model/outputs/FY2026:base/metrics/buybacks | None | base_fy2026_buybacks |
| /operating_model/outputs/FY2026:base/metrics/capex | None | base_fy2026_capex |
| /operating_model/outputs/FY2026:base/metrics/cash_after_claims | None | base_fy2026_cash_after_claims |
| /operating_model/outputs/FY2026:base/metrics/cfo | None | base_fy2026_cfo |
| /operating_model/outputs/FY2026:base/metrics/contribution | None | base_fy2026_contribution |
| /operating_model/outputs/FY2026:base/metrics/debt_principal | None | base_fy2026_debt_principal |
| /operating_model/outputs/FY2026:base/metrics/fees | None | base_fy2026_fees |
| /operating_model/outputs/FY2026:base/metrics/lending_investment | None | base_fy2026_lending_investment |
| /operating_model/outputs/FY2026:base/metrics/operating_income | None | base_fy2026_operating_income |
| /operating_model/outputs/FY2026:base/metrics/revenue | None | base_fy2026_revenue |
| /operating_model/outputs/FY2026:base/period | None | FY2026 |
| /operating_model/outputs/FY2026:base/period_end | None | 2026-12-31 |
| /operating_model/outputs/FY2026:base/values/adj_ebitda | None | 294.00000000000006 |
| /operating_model/outputs/FY2026:base/values/asset_cash | None | 191.67 |
| /operating_model/outputs/FY2026:base/values/buybacks | None | 100.057 |
| /operating_model/outputs/FY2026:base/values/capex | None | 30.241999999999997 |
| /operating_model/outputs/FY2026:base/values/cash_after_claims | None | -654.088 |
| /operating_model/outputs/FY2026:base/values/cfo | None | -298.46299999999985 |
| /operating_model/outputs/FY2026:base/values/contribution | None | 697.6058 |
| /operating_model/outputs/FY2026:base/values/debt_principal | None | 348.526 |
| /operating_model/outputs/FY2026:base/values/fees | None | 1300.0000000000002 |
| /operating_model/outputs/FY2026:base/values/lending_investment | None | 68.47 |
| /operating_model/outputs/FY2026:base/values/operating_income | None | 64.24700000000007 |
| /operating_model/outputs/FY2026:base/values/revenue | None | 1400.0 |
| /operating_model/outputs/FY2026:downside/case | None | downside |
| /operating_model/outputs/FY2026:downside/frequency | None | year |
| /operating_model/outputs/FY2026:downside/metrics/adj_ebitda | None | downside_fy2026_adj_ebitda |
| /operating_model/outputs/FY2026:downside/metrics/asset_cash | None | downside_fy2026_asset_cash |
| /operating_model/outputs/FY2026:downside/metrics/buybacks | None | downside_fy2026_buybacks |
| /operating_model/outputs/FY2026:downside/metrics/capex | None | downside_fy2026_capex |
| /operating_model/outputs/FY2026:downside/metrics/cash_after_claims | None | downside_fy2026_cash_after_claims |
| /operating_model/outputs/FY2026:downside/metrics/cfo | None | downside_fy2026_cfo |
| /operating_model/outputs/FY2026:downside/metrics/contribution | None | downside_fy2026_contribution |
| /operating_model/outputs/FY2026:downside/metrics/debt_principal | None | downside_fy2026_debt_principal |
| /operating_model/outputs/FY2026:downside/metrics/fees | None | downside_fy2026_fees |
| /operating_model/outputs/FY2026:downside/metrics/lending_investment | None | downside_fy2026_lending_investment |
| /operating_model/outputs/FY2026:downside/metrics/operating_income | None | downside_fy2026_operating_income |
| /operating_model/outputs/FY2026:downside/metrics/revenue | None | downside_fy2026_revenue |
| /operating_model/outputs/FY2026:downside/period | None | FY2026 |
| /operating_model/outputs/FY2026:downside/period_end | None | 2026-12-31 |
| /operating_model/outputs/FY2026:downside/values/adj_ebitda | None | 159.79900000000006 |
| /operating_model/outputs/FY2026:downside/values/asset_cash | None | 171.67 |
| /operating_model/outputs/FY2026:downside/values/buybacks | None | 100.057 |
| /operating_model/outputs/FY2026:downside/values/capex | None | 30.241999999999997 |
| /operating_model/outputs/FY2026:downside/values/cash_after_claims | None | -1026.129 |
| /operating_model/outputs/FY2026:downside/values/cfo | None | -610.5039999999999 |
| /operating_model/outputs/FY2026:downside/values/contribution | None | 606.83 |
| /operating_model/outputs/FY2026:downside/values/debt_principal | None | 348.526 |
| /operating_model/outputs/FY2026:downside/values/fees | None | 1205.082 |
| /operating_model/outputs/FY2026:downside/values/lending_investment | None | 108.47 |
| /operating_model/outputs/FY2026:downside/values/operating_income | None | -69.95399999999992 |
| /operating_model/outputs/FY2026:downside/values/revenue | None | 1261.922 |
| /operating_model/outputs/FY2026:upside/case | None | upside |
| /operating_model/outputs/FY2026:upside/frequency | None | year |
| /operating_model/outputs/FY2026:upside/metrics/adj_ebitda | None | upside_fy2026_adj_ebitda |
| /operating_model/outputs/FY2026:upside/metrics/asset_cash | None | upside_fy2026_asset_cash |
| /operating_model/outputs/FY2026:upside/metrics/buybacks | None | upside_fy2026_buybacks |
| /operating_model/outputs/FY2026:upside/metrics/capex | None | upside_fy2026_capex |
| /operating_model/outputs/FY2026:upside/metrics/cash_after_claims | None | upside_fy2026_cash_after_claims |
| /operating_model/outputs/FY2026:upside/metrics/cfo | None | upside_fy2026_cfo |
| /operating_model/outputs/FY2026:upside/metrics/contribution | None | upside_fy2026_contribution |
| /operating_model/outputs/FY2026:upside/metrics/debt_principal | None | upside_fy2026_debt_principal |
| /operating_model/outputs/FY2026:upside/metrics/fees | None | upside_fy2026_fees |
| /operating_model/outputs/FY2026:upside/metrics/lending_investment | None | upside_fy2026_lending_investment |
| /operating_model/outputs/FY2026:upside/metrics/operating_income | None | upside_fy2026_operating_income |
| /operating_model/outputs/FY2026:upside/metrics/revenue | None | upside_fy2026_revenue |
| /operating_model/outputs/FY2026:upside/period | None | FY2026 |
| /operating_model/outputs/FY2026:upside/period_end | None | 2026-12-31 |
| /operating_model/outputs/FY2026:upside/values/adj_ebitda | None | 362.99399999999997 |
| /operating_model/outputs/FY2026:upside/values/asset_cash | None | 211.67 |
| /operating_model/outputs/FY2026:upside/values/buybacks | None | 100.057 |
| /operating_model/outputs/FY2026:upside/values/capex | None | 30.241999999999997 |
| /operating_model/outputs/FY2026:upside/values/cash_after_claims | None | -451.93399999999997 |
| /operating_model/outputs/FY2026:upside/values/cfo | None | -126.309 |
| /operating_model/outputs/FY2026:upside/values/contribution | None | 762.025 |
| /operating_model/outputs/FY2026:upside/values/debt_principal | None | 348.526 |
| /operating_model/outputs/FY2026:upside/values/fees | None | 1360.0819999999999 |
| /operating_model/outputs/FY2026:upside/values/lending_investment | None | 58.47 |
| /operating_model/outputs/FY2026:upside/values/operating_income | None | 133.24099999999999 |
| /operating_model/outputs/FY2026:upside/values/revenue | None | 1486.922 |
| /operating_model/outputs/FY2027:base/case | None | base |
| /operating_model/outputs/FY2027:base/frequency | None | year |
| /operating_model/outputs/FY2027:base/metrics/adj_ebitda | None | base_fy2027_adj_ebitda |
| /operating_model/outputs/FY2027:base/metrics/asset_cash | None | base_fy2027_asset_cash |
| /operating_model/outputs/FY2027:base/metrics/buybacks | None | base_fy2027_buybacks |
| /operating_model/outputs/FY2027:base/metrics/capex | None | base_fy2027_capex |
| /operating_model/outputs/FY2027:base/metrics/cash_after_claims | None | base_fy2027_cash_after_claims |
| /operating_model/outputs/FY2027:base/metrics/cfo | None | base_fy2027_cfo |
| /operating_model/outputs/FY2027:base/metrics/contribution | None | base_fy2027_contribution |
| /operating_model/outputs/FY2027:base/metrics/debt_principal | None | base_fy2027_debt_principal |
| /operating_model/outputs/FY2027:base/metrics/fees | None | base_fy2027_fees |
| /operating_model/outputs/FY2027:base/metrics/lending_investment | None | base_fy2027_lending_investment |
| /operating_model/outputs/FY2027:base/metrics/operating_income | None | base_fy2027_operating_income |
| /operating_model/outputs/FY2027:base/metrics/revenue | None | base_fy2027_revenue |
| /operating_model/outputs/FY2027:base/period | None | FY2027 |
| /operating_model/outputs/FY2027:base/period_end | None | 2027-12-31 |
| /operating_model/outputs/FY2027:base/values/adj_ebitda | None | 376.75 |
| /operating_model/outputs/FY2027:base/values/asset_cash | None | 120.0 |
| /operating_model/outputs/FY2027:base/values/buybacks | None | 0.0 |
| /operating_model/outputs/FY2027:base/values/capex | None | 46.0 |
| /operating_model/outputs/FY2027:base/values/cash_after_claims | None | -130.25000000000003 |
| /operating_model/outputs/FY2027:base/values/cfo | None | -46.25000000000003 |
| /operating_model/outputs/FY2027:base/values/contribution | None | 850.75 |
| /operating_model/outputs/FY2027:base/values/debt_principal | None | 28.0 |
| /operating_model/outputs/FY2027:base/values/fees | None | 1620.0 |
| /operating_model/outputs/FY2027:base/values/lending_investment | None | 130.0 |
| /operating_model/outputs/FY2027:base/values/operating_income | None | 95.74999999999997 |
| /operating_model/outputs/FY2027:base/values/revenue | None | 1741.0 |
| /operating_model/outputs/FY2027:downside/case | None | downside |
| /operating_model/outputs/FY2027:downside/frequency | None | year |
| /operating_model/outputs/FY2027:downside/metrics/adj_ebitda | None | downside_fy2027_adj_ebitda |
| /operating_model/outputs/FY2027:downside/metrics/asset_cash | None | downside_fy2027_asset_cash |
| /operating_model/outputs/FY2027:downside/metrics/buybacks | None | downside_fy2027_buybacks |
| /operating_model/outputs/FY2027:downside/metrics/capex | None | downside_fy2027_capex |
| /operating_model/outputs/FY2027:downside/metrics/cash_after_claims | None | downside_fy2027_cash_after_claims |
| /operating_model/outputs/FY2027:downside/metrics/cfo | None | downside_fy2027_cfo |
| /operating_model/outputs/FY2027:downside/metrics/contribution | None | downside_fy2027_contribution |
| /operating_model/outputs/FY2027:downside/metrics/debt_principal | None | downside_fy2027_debt_principal |
| /operating_model/outputs/FY2027:downside/metrics/fees | None | downside_fy2027_fees |
| /operating_model/outputs/FY2027:downside/metrics/lending_investment | None | downside_fy2027_lending_investment |
| /operating_model/outputs/FY2027:downside/metrics/operating_income | None | downside_fy2027_operating_income |
| /operating_model/outputs/FY2027:downside/metrics/revenue | None | downside_fy2027_revenue |
| /operating_model/outputs/FY2027:downside/period | None | FY2027 |
| /operating_model/outputs/FY2027:downside/period_end | None | 2027-12-31 |
| /operating_model/outputs/FY2027:downside/values/adj_ebitda | None | 88.25000000000006 |
| /operating_model/outputs/FY2027:downside/values/asset_cash | None | 80.0 |
| /operating_model/outputs/FY2027:downside/values/buybacks | None | 0.0 |
| /operating_model/outputs/FY2027:downside/values/capex | None | 46.0 |
| /operating_model/outputs/FY2027:downside/values/cash_after_claims | None | -746.75 |
| /operating_model/outputs/FY2027:downside/values/cfo | None | -572.75 |
| /operating_model/outputs/FY2027:downside/values/contribution | None | 602.25 |
| /operating_model/outputs/FY2027:downside/values/debt_principal | None | 28.0 |
| /operating_model/outputs/FY2027:downside/values/fees | None | 1295.0 |
| /operating_model/outputs/FY2027:downside/values/lending_investment | None | 180.0 |
| /operating_model/outputs/FY2027:downside/values/operating_income | None | -192.74999999999994 |
| /operating_model/outputs/FY2027:downside/values/revenue | None | 1316.0 |
| /operating_model/outputs/FY2027:upside/case | None | upside |
| /operating_model/outputs/FY2027:upside/frequency | None | year |
| /operating_model/outputs/FY2027:upside/metrics/adj_ebitda | None | upside_fy2027_adj_ebitda |
| /operating_model/outputs/FY2027:upside/metrics/asset_cash | None | upside_fy2027_asset_cash |
| /operating_model/outputs/FY2027:upside/metrics/buybacks | None | upside_fy2027_buybacks |
| /operating_model/outputs/FY2027:upside/metrics/capex | None | upside_fy2027_capex |
| /operating_model/outputs/FY2027:upside/metrics/cash_after_claims | None | upside_fy2027_cash_after_claims |
| /operating_model/outputs/FY2027:upside/metrics/cfo | None | upside_fy2027_cfo |
| /operating_model/outputs/FY2027:upside/metrics/contribution | None | upside_fy2027_contribution |
| /operating_model/outputs/FY2027:upside/metrics/debt_principal | None | upside_fy2027_debt_principal |
| /operating_model/outputs/FY2027:upside/metrics/fees | None | upside_fy2027_fees |
| /operating_model/outputs/FY2027:upside/metrics/lending_investment | None | upside_fy2027_lending_investment |
| /operating_model/outputs/FY2027:upside/metrics/operating_income | None | upside_fy2027_operating_income |
| /operating_model/outputs/FY2027:upside/metrics/revenue | None | upside_fy2027_revenue |
| /operating_model/outputs/FY2027:upside/period | None | FY2027 |
| /operating_model/outputs/FY2027:upside/period_end | None | 2027-12-31 |
| /operating_model/outputs/FY2027:upside/values/adj_ebitda | None | 603.4100000000001 |
| /operating_model/outputs/FY2027:upside/values/asset_cash | None | 160.0 |
| /operating_model/outputs/FY2027:upside/values/buybacks | None | 0.0 |
| /operating_model/outputs/FY2027:upside/values/capex | None | 46.0 |
| /operating_model/outputs/FY2027:upside/values/cash_after_claims | None | 336.41 |
| /operating_model/outputs/FY2027:upside/values/cfo | None | 360.41 |
| /operating_model/outputs/FY2027:upside/values/contribution | None | 1122.41 |
| /operating_model/outputs/FY2027:upside/values/debt_principal | None | 28.0 |
| /operating_model/outputs/FY2027:upside/values/fees | None | 1985.0 |
| /operating_model/outputs/FY2027:upside/values/lending_investment | None | 110.0 |
| /operating_model/outputs/FY2027:upside/values/operating_income | None | 322.41 |
| /operating_model/outputs/FY2027:upside/values/revenue | None | 2175.0 |
| /operating_model/reviewed_at | None | 2026-09-19 |
| /operating_model/schema_version | None | operating_model.v1 |
| /operating_model/title | None | Fee generation, credit exposure and the cash cost of loan settlement |
| /research/change_note | None | Added monthly-volume informed scenarios, product contribution and separate operating/investing loan cash. |
| /research/checkpoints/0/date_status | None | estimated |
| /research/checkpoints/0/event | None | Monthly volume and credit |
| /research/checkpoints/0/timing | None | Next monthly release |
| /research/checkpoints/0/watch | None | Compare funded principal, origination days and UMI; do not turn volume directly into revenue. |
| /research/checkpoints/1/date_status | None | estimated |
| /research/checkpoints/1/event | None | Loan funding bridge |
| /research/checkpoints/1/timing | None | Q3 results; date unconfirmed |
| /research/checkpoints/1/watch | None | Reconcile HFS/HFI cash, beneficial assets, restrictions and borrowing. |
| /research/checkpoints/2/date_status | None | estimated |
| /research/checkpoints/2/event | None | August debt settlement |
| /research/checkpoints/2/timing | None | Q3 filing |
| /research/checkpoints/2/watch | None | Confirm actual treatment of the scheduled August 15 convertible maturity. |
| /research/countercase | None | Higher approval volumes can coexist with weaker fees, negative secured contribution, adverse credit marks and cash tied up in loans. Adjusted profitability alone does not resolve liquidity or dilution. |
| /research/economics | None | H1 fee revenue was $625.1M and contribution $330.4M; adjusted EBITDA was $117.4M versus GAAP operating income $7.1M. Reported CFO was negative $269.9M, including $407.0M net operating loan-settlement funding. Excluding those lines gives an analytical $137.0M, before $13.2M PP&E/software and investing loan assets. June unrestricted cash was $456.0M, separately from $526.3M restricted cash. FY2026 outlook is approximately $1.4B revenue, $1.3B fees and $294M adjusted EBITDA. July/August facilitated principal was $1.397B/$1.342B; September remains a forecast. Castlelake funding supports platform loans, while conditional bank approval does not yet establish funded bank operations. |
| /research/limitations/0 | None | The unsecured activity index uses total facilitated principal as a proxy. Servicing and loan-sale fees are included in the unsecured fee baseline; the yield factor is not a pure contractual origination take rate. Secured fees are a separate sensitivity, not an invented GAAP segment. |
| /research/limitations/1 | None | July/August originations are preliminary company operating metrics, not revenue. September volume, product mix and all FY2027 assumptions are desk estimates. UMI 1.50 is an Upstart-specific credit-risk indicator, not a forecast of the economy or a company loss provision. |
| /research/limitations/2 | None | Castlelake agreed to purchase up to $4B of platform loans over up to 24 months. This is third-party loan funding, not $4B corporate cash, revenue or guaranteed immediate purchases. |
| /research/limitations/3 | None | OCC bank approval is conditional; deposit-insurance and holding-company approvals remained pending in the reviewed filing. No bank funding benefit is included. |
| /research/limitations/4 | None | HFS purchases, sales and principal receipts are already inside reported CFO. They are deducted once; investing HFI and beneficial assets follow below CFO. Analytical cash before settlement is not company FCF. |
| /research/limitations/5 | None | CFO is a proxy: fair-value/noncash timing and settlements can differ significantly. Future loan-asset proceeds are assumptions, not a liquidation promise. No complete restricted-cash, investor-payable or warehouse borrowing waterfall is modeled. |
| /research/limitations/6 | None | The $66.544M 2026 convertible was scheduled to mature August 15. Q3 assumes cash settlement; the reviewed pre-maturity filing does not confirm the actual settlement. Other modeled principal is an amortization sensitivity. |
| /research/limitations/7 | None | No EPS, fully diluted ownership or bank regulatory capital forecast. Negative cash after claims is a pre-financing funding need, not a projected cash balance. |
| /research/question | None | Can marketplace contribution support growth without persistent balance-sheet funding needs? |
| /research/reviewed_at | None | 2026-09-19 |
| /research/risks/0 | None | Funding partners can reduce purchases or change terms. |
| /research/risks/1 | None | Fee mix and credit performance can worsen together. |
| /research/risks/2 | None | Secured growth may consume contribution before scale. |
| /research/risks/3 | None | Loan-settlement and fair-value timing can dominate CFO. |
| /research/risks/4 | None | Bank approvals and post-maturity settlement remain verification items. |
| /research/title | None | Fee growth must survive the loan-funding cash bridge |
| /sources/0/retrieved | None | 2026-09-19 |
| /sources/0/title | None | Q2 filing and loan funding cash classifications |
| /sources/0/url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm |
| /sources/1/retrieved | None | 2026-09-19 |
| /sources/1/title | None | Q2 results and annual outlook |
| /sources/1/url | None | https://www.sec.gov/Archives/edgar/data/1647639/000164763926000062/upst991prq22026.htm |
| /sources/2/retrieved | None | 2026-09-19 |
| /sources/2/title | None | September 3 August volume and credit update |
| /sources/2/url | None | https://ir.upstart.com/news-releases/news-release-details/upstart-publishes-august-2026-originations-and-latest-umi |
| /sources/3/retrieved | None | 2026-09-19 |
| /sources/3/title | None | August 3 July volume update |
| /sources/3/url | None | https://ir.upstart.com/news-releases/news-release-details/upstart-publishes-july-2026-originations-and-latest-umi |
| /sources/4/retrieved | None | 2026-09-19 |
| /sources/4/title | None | Castlelake forward-flow terms |
| /sources/4/url | None | https://ir.upstart.com/news-releases/news-release-details/upstart-announces-multi-year-4-billion-forward-flow-agreement |
| /thesis/scenario_ranges | None | Explicit downside/base/upside business assumptions; not price targets, probabilities or historical market-memory bands. |
| /thesis/view | The central test is whether fee growth can translate into cash after funding loans. The model separates profitable unsecured contribution from the newer secured products and retains balance-sheet credit exposure. | |
| /thesis/what_changes_it | Watch monthly activity, contribution margins, fair-value marks and net loan investment together; a funding commitment is not corporate cash. |