Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Information [Abstract]

Schedule of Reportable Segments and Corporate Activities

Information about the Company’s reportable segments and corporate activities are as follows (in thousands):

	Year Ended December 31,
	2024											2023
	UACC			CarStory		Corporate			Total			UACC			CarStory		Corporate			Total
Interest income	$	203,962		$	—	$	(2,129	)	$	201,833		$	180,970		$	—	$	(2,488	)	$	178,482
Interest expense:
Warehouse credit facility		29,276			—		—			29,276			19,914			—		—			19,914
Securitization debt		30,084			—		—			30,084			21,979			—		—			21,979
Total interest expense		59,360			—		—			59,360			41,893			—		—			41,893
Net interest income		144,602			—		(2,129	)		142,473			139,077			—		(2,488	)		136,589
Realized and unrealized losses, net of recoveries		98,629			—		21,239			119,868			92,372			—		30,169			122,541
Net interest income after losses and recoveries		45,973			—		(23,368	)		22,605			46,705			—		(32,657	)		14,048
Noninterest (loss) income:
Servicing income		6,501			—		—			6,501			10,041			—		—			10,041
Warranties and GAP income (loss), net		7,789			—		(10,399	)		(2,610	)		7,871			—		(2,158	)		5,713
CarStory revenue		—			11,610		—			11,610			—			12,384		—			12,384
Gain on debt extinguishment		—			—		—			—			—			—		37,878			37,878
Other income		8,334			692		1,824			10,850			3,209			444		5,457			9,110
Total noninterest (loss) income		22,624			12,302		(8,575	)		26,351			21,121			12,828		41,177			75,126
Expenses:
Compensation and benefits		76,374			10,293		10,626			97,293			67,807			8,953		9,940			86,700
Professional fees		3,506			152		8,377			12,035			5,395			341		8,816			14,552
Software and IT costs		10,397			215		4,471			15,083			10,116			197		9,288			19,601
Depreciation and amortization		22,683			6,403		—			29,086			22,685			6,428		—			29,113
Interest expense on corporate debt		2,396			—		3,430			5,826			1,680			—		4,296			5,976
Impairment charges		5,159			—		—			5,159			—			—		—			—
Other expenses		9,457			414		6,422			16,294			7,809			584		9,295			17,687
Total expenses		129,972			17,477		33,326			180,776			115,492			16,503		41,635			173,629
Adjusted EBITDA	$	(29,808	)	$	912							$	(23,185	)	$	3,399

Schedule of Consolidated Loss from Continuing Operations Before Provision for Income Taxes

The reconciliation between reportable segment Adjusted EBITDA to consolidated loss from continuing operations before provision for income taxes is as follows (in thousands):

	Year Ended December 31,
	2024			2023
Adjusted EBITDA by Segment
UACC	$	(29,808	)	$	(23,185	)
CarStory		912			3,399
Total	$	(28,896	)	$	(19,786	)
Interest expense on corporate debt		(2,396	)		(1,680	)
Interest income on cash and cash equivalents		2,864			2,481
Depreciation and amortization		(29,086	)		(29,113	)
Stock compensation expense		(3,077	)		(3,243	)
Severance		(800	)		—
Impairment charges		(5,159	)		—
Corporate loss from continuing operations before reorganization items and provision for income taxes		(65,270	)		(33,114	)
Loss from continuing operations before reorganization items and provision for income taxes	$	(131,820	)	$	(84,455	)