Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Interest income $ 68,692 $ 43,108
Rental income 1,846 6,487
Gain on sale of assets 28,611 15,719
Securitization asset income 4,898 3,432
Other income 1,769 355
Total revenue 105,816 69,101
Expenses    
Interest expense 61,872 37,216
Provision (benefit) for loss on receivables and securitization assets 2,022 1,883
Compensation and benefits 20,676 18,369
General and administrative 9,053 8,022
Total expenses 93,623 65,490
Income before equity method investments 12,193 3,611
Income (loss) from equity method investments 158,550 22,418
Income (loss) before income taxes 170,743 26,029
Income tax (expense) benefit (46,195) (1,431)
Net income (loss) 124,548 24,598
Net income (loss) attributable to non-controlling interest holders 1,523 492
Net income (loss) attributable to controlling stockholders $ 123,025 $ 24,106
Basic earnings (loss) per common share (in usd per share) $ 1.08 $ 0.26
Diluted earnings (loss) per common share (in usd per share) $ 0.98 $ 0.26
Weighted average common shares outstanding—basic (in shares) 112,617,809 91,102,374
Weighted average common shares outstanding—diluted (in shares) 130,998,775 94,129,174