2023 Q3 Form 10-Q Financial Statement

#000162828023038989 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2022 Q4 2022 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue $25.09M
YoY Change
Gross Profit -$5.878M
YoY Change
Gross Profit Margin
Selling, General & Admin $64.32M
YoY Change
% of Gross Profit
Research & Development $20.73M $29.41M
YoY Change -29.52%
% of Gross Profit
Depreciation & Amortization $32.79M
YoY Change
% of Gross Profit
Operating Expenses $20.73M $1.446M $3.410M
YoY Change 508.04% -61.6% 47.37%
Operating Profit -$91.61M -$3.410M
YoY Change 2586.66% 47.37%
Interest Expense $2.758M $2.460M $1.359M
YoY Change 102.99% 34495.92% 14525.4%
% of Operating Profit
Other Income/Expense, Net -$247.8M $5.891M $1.085M
YoY Change -22928.82% -18.51% -24.49%
Pretax Income -$339.4M $6.905M -$965.6K
YoY Change 35045.35% 98.9% 11.36%
Income Tax $700.0K -$100.0K
% Of Pretax Income
Net Earnings -$340.0M $6.905M -$965.6K
YoY Change 35113.45% 98.9% 11.36%
Net Earnings / Revenue
Basic Earnings Per Share -$0.68 -$0.77
Diluted Earnings Per Share -$0.68 $0.20 -$27.79K
COMMON SHARES
Basic Shares Outstanding 496.6M shares 292.7M shares
Diluted Shares Outstanding 496.6M shares 292.7M shares

Balance Sheet

Concept 2023 Q3 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $526.8M $285.3K $4.656M
YoY Change 11214.12% 657.8% 3871.19%
Cash & Equivalents $526.8M $285.3K $4.656M
Short-Term Investments
Other Short-Term Assets $27.10M $133.9K $216.3K
YoY Change 12429.48% -74.58% -65.93%
Inventory $0.00 $1.139M
Prepaid Expenses $133.9K $216.2K
Receivables
Other Receivables
Total Short-Term Assets $564.3M $419.2K $4.872M
YoY Change 11482.54% -60.72% 403.47%
LONG-TERM ASSETS
Property, Plant & Equipment $41.36M
YoY Change
Goodwill $32.49M $18.53M
YoY Change -0.8%
Intangibles $48.41M $62.00M
YoY Change
Long-Term Investments $29.83M $282.3M $279.8M
YoY Change -89.34% 1.53% 0.65%
Other Assets $27.81M $0.00
YoY Change
Total Long-Term Assets $372.7M $282.3M $279.8M
YoY Change 33.21% 1.53% 0.65%
TOTAL ASSETS
Total Short-Term Assets $564.3M $419.2K $4.872M
Total Long-Term Assets $372.7M $282.3M $279.8M
Total Assets $937.1M $282.7M $284.7M
YoY Change 229.14% 1.29% 2.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $103.4M $4.712M $7.659M
YoY Change 1250.56% -16.19% 182.87%
Accrued Expenses $33.31M
YoY Change
Deferred Revenue $9.908M $0.00
YoY Change
Short-Term Debt $9.908M $2.812M $2.812M
YoY Change 252.3% 99.14% 508.35%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $149.8M $15.02M $17.97M
YoY Change 733.58% 113.57% 466.95%
LONG-TERM LIABILITIES
Long-Term Debt $586.5M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $43.48M $472.5K $6.364M
YoY Change 583.27% -97.84% -77.29%
Total Long-Term Liabilities $630.0M $472.5K $6.364M
YoY Change 9799.78% -97.84% -77.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $149.8M $15.02M $17.97M
Total Long-Term Liabilities $630.0M $472.5K $6.364M
Total Liabilities $779.8M $15.50M $24.34M
YoY Change 3104.53% -46.34% -21.98%
SHAREHOLDERS EQUITY
Retained Earnings -$1.657B $2.188M -$3.228M
YoY Change 51220.45% -143.26% -62.15%
Common Stock $74.00K $10.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $157.2M $20.58M $15.88M
YoY Change
Total Liabilities & Shareholders Equity $937.1M $282.7M $284.7M
YoY Change 229.14% 1.29% 2.05%

Cashflow Statement

Concept 2023 Q3 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$340.0M $6.905M -$965.6K
YoY Change 35113.45% 98.9% 11.36%
Depreciation, Depletion And Amortization $32.79M
YoY Change
Cash From Operating Activities -$79.51M -$4.371M $3.677M
YoY Change -2262.4% 324.49% -3001.28%
INVESTING ACTIVITIES
Capital Expenditures $8.895M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$296.2M $0.00 $443.8K
YoY Change -66853.13%
Cash From Investing Activities -$305.1M $0.00 $443.8K
YoY Change -68857.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 593.2M 0.000 500.0K
YoY Change 118538.2% -100.0%
NET CHANGE
Cash From Operating Activities -79.51M -4.371M 3.677M
Cash From Investing Activities -305.1M 0.000 443.8K
Cash From Financing Activities 593.2M 0.000 500.0K
Net Change In Cash 208.6M -4.371M 4.621M
YoY Change 4414.02% 5390.59% -3745.97%
FREE CASH FLOW
Cash From Operating Activities -$79.51M -$4.371M $3.677M
Capital Expenditures $8.895M
Free Cash Flow -$88.40M
YoY Change

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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q3 us-gaap Restricted Cash
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
554571000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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NoncashVestingOfStockOptionsExercisedInPriorPeriods
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NoncashVestingOfStockOptionsExercisedInPriorPeriods
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NoncashVestingOfCommonStockIssuedFromNotesReceivableFromStockholders
3395000 usd
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aurcu Noncash Or Part Noncash Acquisition Earnout
NoncashOrPartNoncashAcquisitionEarnout
3430000 usd
aurcu Noncash Or Part Noncash Acquisition Earnout
NoncashOrPartNoncashAcquisitionEarnout
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aurcu Reverse Recapitalization Financing Receivable Excluding Accrued Interest Forgiven In Period Amount
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aurcu Reverse Recapitalization Financing Receivable Excluding Accrued Interest Forgiven In Period Amount
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us-gaap Nature Of Operations
NatureOfOperations
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1. Organization and Nature of the Business</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Better Home &amp; Finance Holding Company, formerly known as Aurora Acquisition Corp. (“Aurora”), together with its subsidiaries (collectively, the “Company”), provides a comprehensive set of homeownership offerings in the United States while expanding in the United Kingdom. The Company’s offerings include mortgage loans, real estate agent services, title and homeowner’s insurance, and other homeownership offerings, such as the Company’s cash offer program. The Company leverages Tinman, its proprietary technology platform, to optimize the mortgage process from the initial application, to the integration of a suite of additional homeownership offerings, to the sale of loans to a network of loan purchasers.</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mortgage loans originated within the United States are through the Company’s wholly-owned subsidiary Better Mortgage Corporation (“BMC”). BMC is an approved Title II Single Family Program Lender with the Department of Housing and Urban Development’s (“HUD”) Federal Housing Administration (“FHA”), and is an approved seller and servicer with the Federal National Mortgage Association (“FNMA”) and the Federal Home Loan Mortgage Corporation (“FMCC”). The Company has expanded into the U.K. and offers a multitude of financial products and services to consumers via regulated entities obtained through acquisitions. </span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 22, 2023 (the “Closing Date”), the Company consummated the previously announced Business Combination (the “Business Combination”), pursuant to the terms of the Agreement and Plan of Merger, dated as of May 10, 2021, as amended as of October 27, 2021, November 9, 2021, November 30, 2021, August 26, 2022, February 24, 2023 and June 23, 2023 (as amended, the “Merger Agreement”), by and among Aurora, Better Holdco, Inc. (“Better”), and Aurora Merger Sub I, Inc., formerly a wholly owned subsidiary of Aurora (“Merger Sub”). On the Closing Date, Merger Sub merged with and into Better, with Better surviving the merger (the “First Merger”) and Better merged with and into Aurora, with Aurora surviving the merger and changing its name to “Better Home &amp; Finance Holding Company” (referred to as “Better Home &amp; Finance” or the “Company”) (such merger, the “Second Merger,” and together with the First Merger, the “Business Combination” and the completion thereof, the “Closing”).</span></div>Better Home &amp; Finance Class A common stock and warrants are listed on the Nasdaq Global Market and the Nasdaq Capital Market, respectively, under the ticker symbols “BETR” and “BETRW.”
us-gaap Use Of Estimates
UseOfEstimates
The preparation of condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.Significant items subject to such estimates and assumptions include the fair value of mortgage loans held for sale, the fair value of derivative assets and liabilities, including bifurcated derivatives, interest rate lock commitments and forward sale commitments, the determination of a valuation allowance on the Company’s deferred tax assets, capitalization of internally developed software and its associated useful life, determination of fair value of the Company’s common stock, stock option and RSUs at grant date, the fair value of acquired intangible assets and goodwill, the provision for loan repurchase reserves, the incremental borrowing rate used in determining lease liabilities and warrant liabilities.
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023Q3 aurcu Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
3.06
CY2023Q3 aurcu Cash Acquired Through Reverse Recapitalization
CashAcquiredThroughReverseRecapitalization
21400000 usd
CY2023Q3 aurcu Cash Received From Operating Cash Account
CashReceivedFromOperatingCashAccount
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7120000 usd
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us-gaap Gain Loss On Sales Of Loans Net
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36689000 usd
us-gaap Gain Loss On Sales Of Loans Net
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CY2023Q3 aurcu Integrated Partnership Gain Loss
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CY2022Q3 aurcu Integrated Partnership Gain Loss
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2265000 usd
aurcu Integrated Partnership Gain Loss
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9797000 usd
aurcu Integrated Partnership Gain Loss
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CY2023Q3 aurcu Unrealized Gain Loss On Interest Rate And Forward Sale Commitments
UnrealizedGainLossOnInterestRateAndForwardSaleCommitments
4019000 usd
CY2022Q3 aurcu Unrealized Gain Loss On Interest Rate And Forward Sale Commitments
UnrealizedGainLossOnInterestRateAndForwardSaleCommitments
18947000 usd
aurcu Unrealized Gain Loss On Interest Rate And Forward Sale Commitments
UnrealizedGainLossOnInterestRateAndForwardSaleCommitments
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aurcu Unrealized Gain Loss On Interest Rate And Forward Sale Commitments
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174217000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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0 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
749000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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0 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11333000 usd
CY2023Q3 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
0 usd
CY2022Q3 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
8991000 usd
us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
304000 usd
us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
214764000 usd
CY2023Q3 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
0 usd
CY2022Q3 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
8991000 usd
us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
304000 usd
us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
214764000 usd
CY2023Q3 us-gaap Sales Type Lease Initial Direct Cost Expense Commencement
SalesTypeLeaseInitialDirectCostExpenseCommencement
0 usd
CY2022Q3 us-gaap Sales Type Lease Initial Direct Cost Expense Commencement
SalesTypeLeaseInitialDirectCostExpenseCommencement
8944000 usd
us-gaap Sales Type Lease Initial Direct Cost Expense Commencement
SalesTypeLeaseInitialDirectCostExpenseCommencement
278000 usd
us-gaap Sales Type Lease Initial Direct Cost Expense Commencement
SalesTypeLeaseInitialDirectCostExpenseCommencement
215972000 usd
CY2023Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
679000 usd
CY2022Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
45781000 usd
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
11798000 usd
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
212490000 usd
CY2023Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
424000000 usd
CY2023Q3 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
73536000 usd
CY2022Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
144049000 usd
CY2023Q3 aurcu Loan Mortgage Held For Sale Gross
LoanMortgageHeldForSaleGross
166095000 usd
CY2022Q4 aurcu Loan Mortgage Held For Sale Gross
LoanMortgageHeldForSaleGross
303091000 usd
CY2023Q3 aurcu Loan Mortgage Held For Sale Fair Value Adjustment
LoanMortgageHeldForSaleFairValueAdjustment
6070000 usd
CY2022Q4 aurcu Loan Mortgage Held For Sale Fair Value Adjustment
LoanMortgageHeldForSaleFairValueAdjustment
54265000 usd
CY2023Q3 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
160025000 usd
CY2022Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
248826000 usd
CY2023Q3 aurcu Loan Mortgage Held For Sale Cash Remitted Directly To Lender
LoanMortgageHeldForSaleCashRemittedDirectlyToLender
98400000 usd
CY2023Q3 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
14800000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
18525000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
14041000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-74000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
32492000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
140413000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
96237000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
44176000 usd
CY2023Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
144643000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
96237000 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
48406000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
127183000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
68157000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
59026000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
130153000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
68157000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
61996000 usd
CY2023Q3 us-gaap Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
5000000 usd
CY2022Q3 us-gaap Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
3000000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2500000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
800000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9300000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9000000 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
12400000 usd
us-gaap Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
22800000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3900000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
28100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26100000 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
27095000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
26366000 usd
CY2023Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
9717000 usd
CY2022Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
18139000 usd
CY2023Q3 us-gaap Security Deposit
SecurityDeposit
15233000 usd
CY2022Q4 us-gaap Security Deposit
SecurityDeposit
14369000 usd
CY2023Q3 us-gaap Notes Receivable Net
NotesReceivableNet
4163000 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
0 usd
CY2023Q3 aurcu Prepaid Compensation Assets
PrepaidCompensationAssets
0 usd
CY2022Q4 aurcu Prepaid Compensation Assets
PrepaidCompensationAssets
5615000 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
0 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
1139000 usd
CY2023Q3 us-gaap Net Investment In Lease Nonaccrual
NetInvestmentInLeaseNonaccrual
0 usd
CY2022Q4 us-gaap Net Investment In Lease Nonaccrual
NetInvestmentInLeaseNonaccrual
944000 usd
CY2023Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
56208000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
66572000 usd
CY2023Q3 aurcu Notice Deposit Liabilities Average Amount Outstanding
NoticeDepositLiabilitiesAverageAmountOutstanding
2190000 usd
CY2023Q3 aurcu Notice Deposit Liabilities Average Rate Paid
NoticeDepositLiabilitiesAverageRatePaid
0.0292
CY2022Q3 aurcu Notice Deposit Liabilities Average Amount Outstanding
NoticeDepositLiabilitiesAverageAmountOutstanding
0 usd
CY2022Q3 aurcu Notice Deposit Liabilities Average Rate Paid
NoticeDepositLiabilitiesAverageRatePaid
0
CY2023Q3 us-gaap Time Deposits Liabilities Average Amount Outstanding
TimeDepositsLiabilitiesAverageAmountOutstanding
2962000 usd
CY2023Q3 srt Time Deposit Liabilities Average Rate Paid
TimeDepositLiabilitiesAverageRatePaid
0.0213
CY2022Q3 us-gaap Time Deposits Liabilities Average Amount Outstanding
TimeDepositsLiabilitiesAverageAmountOutstanding
0 usd
CY2022Q3 srt Time Deposit Liabilities Average Rate Paid
TimeDepositLiabilitiesAverageRatePaid
0
CY2023Q3 us-gaap Savings Deposit Liabilities Average Amount Outstanding
SavingsDepositLiabilitiesAverageAmountOutstanding
4991000 usd
CY2023Q3 srt Savings Deposit Liabilities Average Rate Paid
SavingsDepositLiabilitiesAverageRatePaid
0.0218
CY2022Q3 us-gaap Savings Deposit Liabilities Average Amount Outstanding
SavingsDepositLiabilitiesAverageAmountOutstanding
0 usd
CY2022Q3 srt Savings Deposit Liabilities Average Rate Paid
SavingsDepositLiabilitiesAverageRatePaid
0
CY2023Q3 aurcu Deposit Liabilities Average Amount Outstanding
DepositLiabilitiesAverageAmountOutstanding
10143000 usd
CY2023Q3 aurcu Deposit Liabilities Average Rate Paid
DepositLiabilitiesAverageRatePaid
0.0241
CY2022Q3 aurcu Deposit Liabilities Average Amount Outstanding
DepositLiabilitiesAverageAmountOutstanding
0 usd
CY2022Q3 aurcu Deposit Liabilities Average Rate Paid
DepositLiabilitiesAverageRatePaid
0
aurcu Notice Deposit Liabilities Average Amount Outstanding
NoticeDepositLiabilitiesAverageAmountOutstanding
2842000 usd
aurcu Notice Deposit Liabilities Average Rate Paid
NoticeDepositLiabilitiesAverageRatePaid
0.0262
aurcu Notice Deposit Liabilities Average Amount Outstanding
NoticeDepositLiabilitiesAverageAmountOutstanding
0 usd
aurcu Notice Deposit Liabilities Average Rate Paid
NoticeDepositLiabilitiesAverageRatePaid
0
us-gaap Time Deposits Liabilities Average Amount Outstanding
TimeDepositsLiabilitiesAverageAmountOutstanding
2402000 usd
srt Time Deposit Liabilities Average Rate Paid
TimeDepositLiabilitiesAverageRatePaid
0.0166
us-gaap Time Deposits Liabilities Average Amount Outstanding
TimeDepositsLiabilitiesAverageAmountOutstanding
0 usd
srt Time Deposit Liabilities Average Rate Paid
TimeDepositLiabilitiesAverageRatePaid
0
us-gaap Savings Deposit Liabilities Average Amount Outstanding
SavingsDepositLiabilitiesAverageAmountOutstanding
5511000 usd
srt Savings Deposit Liabilities Average Rate Paid
SavingsDepositLiabilitiesAverageRatePaid
0.0197
us-gaap Savings Deposit Liabilities Average Amount Outstanding
SavingsDepositLiabilitiesAverageAmountOutstanding
0 usd
srt Savings Deposit Liabilities Average Rate Paid
SavingsDepositLiabilitiesAverageRatePaid
0
aurcu Deposit Liabilities Average Amount Outstanding
DepositLiabilitiesAverageAmountOutstanding
10755000 usd
aurcu Deposit Liabilities Average Rate Paid
DepositLiabilitiesAverageRatePaid
0.0208
aurcu Deposit Liabilities Average Amount Outstanding
DepositLiabilitiesAverageAmountOutstanding
0 usd
aurcu Deposit Liabilities Average Rate Paid
DepositLiabilitiesAverageRatePaid
0
CY2023Q3 us-gaap Demand Deposit Accounts
DemandDepositAccounts
4795000 usd
CY2023Q3 us-gaap Time Deposit Maturities Remainder Of Fiscal Year
TimeDepositMaturitiesRemainderOfFiscalYear
2608000 usd
CY2023Q3 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
2299000 usd
CY2023Q3 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
206000 usd
CY2023Q3 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
0 usd
CY2023Q3 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
0 usd
CY2023Q3 aurcu Time Deposit Maturities Thereafter
TimeDepositMaturitiesThereafter
0 usd
CY2023Q3 aurcu Interest Expense Foreign Deposit Liabilities Notice Of Withdrawal
InterestExpenseForeignDepositLiabilitiesNoticeOfWithdrawal
22000 usd
CY2022Q3 aurcu Interest Expense Foreign Deposit Liabilities Notice Of Withdrawal
InterestExpenseForeignDepositLiabilitiesNoticeOfWithdrawal
0 usd
aurcu Interest Expense Foreign Deposit Liabilities Notice Of Withdrawal
InterestExpenseForeignDepositLiabilitiesNoticeOfWithdrawal
43000 usd
aurcu Interest Expense Foreign Deposit Liabilities Notice Of Withdrawal
InterestExpenseForeignDepositLiabilitiesNoticeOfWithdrawal
0 usd
CY2023Q3 aurcu Interest Expense Foreign Deposit Liabilities Time Deposit
InterestExpenseForeignDepositLiabilitiesTimeDeposit
4000 usd
CY2022Q3 aurcu Interest Expense Foreign Deposit Liabilities Time Deposit
InterestExpenseForeignDepositLiabilitiesTimeDeposit
0 usd
aurcu Interest Expense Foreign Deposit Liabilities Time Deposit
InterestExpenseForeignDepositLiabilitiesTimeDeposit
10000 usd
aurcu Interest Expense Foreign Deposit Liabilities Time Deposit
InterestExpenseForeignDepositLiabilitiesTimeDeposit
0 usd
CY2023Q3 aurcu Interest Expense Foreign Deposit Liabilities Savings
InterestExpenseForeignDepositLiabilitiesSavings
26000 usd
CY2022Q3 aurcu Interest Expense Foreign Deposit Liabilities Savings
InterestExpenseForeignDepositLiabilitiesSavings
0 usd
aurcu Interest Expense Foreign Deposit Liabilities Savings
InterestExpenseForeignDepositLiabilitiesSavings
54000 usd
aurcu Interest Expense Foreign Deposit Liabilities Savings
InterestExpenseForeignDepositLiabilitiesSavings
0 usd
CY2023Q3 us-gaap Interest Expense Foreign Deposits
InterestExpenseForeignDeposits
52000 usd
CY2022Q3 us-gaap Interest Expense Foreign Deposits
InterestExpenseForeignDeposits
0 usd
us-gaap Interest Expense Foreign Deposits
InterestExpenseForeignDeposits
107000 usd
us-gaap Interest Expense Foreign Deposits
InterestExpenseForeignDeposits
0 usd
CY2023Q3 aurcu Deposits Fscs Insured Amount
DepositsFSCSInsuredAmount
85000 gbp
CY2023Q3 aurcu Deposits Fscs Insured Amount
DepositsFSCSInsuredAmount
103700 usd
CY2023Q3 us-gaap Deposit Liability Uninsured
DepositLiabilityUninsured
1000000 usd
CY2022Q4 us-gaap Bridge Loan
BridgeLoan
750000000 usd
CY2023Q3 aurcu Cash Acquired Through Reverse Recapitalization
CashAcquiredThroughReverseRecapitalization
21400000 usd
CY2023Q3 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
10400000 usd
CY2022Q4 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
53900000 usd
CY2023Q3 aurcu Reverse Recapitalization Financing Receivable Excluding Accrued Interest Forgiven In Period Amount
ReverseRecapitalizationFinancingReceivableExcludingAccruedInterestForgivenInPeriodAmount
46400000 usd
CY2023Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
9300000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
50000000 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
12900000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
30000000 usd
CY2023Q3 aurcu Administered Funds Legally Owned By Third Party Excluded From Balance Sheet
AdministeredFundsLegallyOwnedByThirdPartyExcludedFromBalanceSheet
0 usd
CY2022Q4 aurcu Administered Funds Legally Owned By Third Party Excluded From Balance Sheet
AdministeredFundsLegallyOwnedByThirdPartyExcludedFromBalanceSheet
300000 usd
CY2023Q3 us-gaap Deposits
Deposits
9900000 usd
CY2022Q4 us-gaap Deposits
Deposits
0 usd
CY2023Q3 aurcu Loans Repurchased Unpaid Principal Balance Amount
LoansRepurchasedUnpaidPrincipalBalanceAmount
3600000 usd
CY2023Q3 aurcu Loans Repurchased Number
LoansRepurchasedNumber
11 loan
CY2022Q3 aurcu Loans Repurchased Unpaid Principal Balance Amount
LoansRepurchasedUnpaidPrincipalBalanceAmount
37900000 usd
CY2022Q3 aurcu Loans Repurchased Number
LoansRepurchasedNumber
82 loan
aurcu Loans Repurchased Unpaid Principal Balance Amount
LoansRepurchasedUnpaidPrincipalBalanceAmount
20800000 usd
aurcu Loans Repurchased Number
LoansRepurchasedNumber
52 loan
aurcu Loans Repurchased Unpaid Principal Balance Amount
LoansRepurchasedUnpaidPrincipalBalanceAmount
97000000 usd
aurcu Loans Repurchased Number
LoansRepurchasedNumber
221 loan
CY2023Q3 aurcu Loan Repurchase Reserve
LoanRepurchaseReserve
21800000 usd
CY2022Q4 aurcu Loan Repurchase Reserve
LoanRepurchaseReserve
26700000 usd
CY2023Q2 aurcu Loan Repurchase Reserve
LoanRepurchaseReserve
21832000 usd
CY2022Q2 aurcu Loan Repurchase Reserve
LoanRepurchaseReserve
21070000 usd
CY2022Q4 aurcu Loan Repurchase Reserve
LoanRepurchaseReserve
26745000 usd
CY2021Q4 aurcu Loan Repurchase Reserve
LoanRepurchaseReserve
17540000 usd
CY2023Q3 aurcu Provision Recovery For Loan Repurchase Reserve
ProvisionRecoveryForLoanRepurchaseReserve
866000 usd
CY2022Q3 aurcu Provision Recovery For Loan Repurchase Reserve
ProvisionRecoveryForLoanRepurchaseReserve
11683000 usd
aurcu Provision Recovery For Loan Repurchase Reserve
ProvisionRecoveryForLoanRepurchaseReserve
178000 usd
aurcu Provision Recovery For Loan Repurchase Reserve
ProvisionRecoveryForLoanRepurchaseReserve
25125000 usd
CY2023Q3 aurcu Loan Repurchase Reserve Write Offs
LoanRepurchaseReserveWriteOffs
945000 usd
CY2022Q3 aurcu Loan Repurchase Reserve Write Offs
LoanRepurchaseReserveWriteOffs
9754000 usd
aurcu Loan Repurchase Reserve Write Offs
LoanRepurchaseReserveWriteOffs
5170000 usd
aurcu Loan Repurchase Reserve Write Offs
LoanRepurchaseReserveWriteOffs
19667000 usd
CY2023Q3 aurcu Loan Repurchase Reserve
LoanRepurchaseReserve
21753000 usd
CY2022Q3 aurcu Loan Repurchase Reserve
LoanRepurchaseReserve
22999000 usd
CY2023Q3 aurcu Loan Repurchase Reserve
LoanRepurchaseReserve
21753000 usd
CY2022Q3 aurcu Loan Repurchase Reserve
LoanRepurchaseReserve
22999000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-340033000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-226612000 usd
us-gaap Net Income Loss
NetIncomeLoss
-475441000 usd
us-gaap Net Income Loss
NetIncomeLoss
-625864000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-340033000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-226612000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-475441000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-625864000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-340033000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-226612000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-475441000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-625864000 usd
CY2023Q3 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2022Q3 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
us-gaap Dilutive Securities
DilutiveSecurities
0 usd
us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2023Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
0 usd
CY2022Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
0 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
0 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
0 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-340033000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-226612000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-475441000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-625864000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
496577751 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
292660334 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
364817445 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
289934149 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
496577751 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
292660334 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
364817445 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
289934149 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.68
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.77
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.16
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.68
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.77
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.16
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
48389000 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
408004000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
48389000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
408004000 shares
CY2023Q3 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
160025000 usd
CY2023Q3 us-gaap Derivative Assets
DerivativeAssets
3717000 usd
CY2023Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
163742000 usd
CY2023Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
1678000 usd
CY2023Q3 aurcu Warrant Liabilities Fair Value Disclosure
WarrantLiabilitiesFairValueDisclosure
1527000 usd
CY2023Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
3205000 usd
CY2022Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
248826000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
3048000 usd
CY2022Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Asset
EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset
236603000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
488477000 usd
CY2022Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
3096000 usd
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
4924000 usd
CY2023Q3 us-gaap Derivative Assets
DerivativeAssets
3717000 usd
CY2023Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
1678000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
3048000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1828000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
700000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-100000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2500000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1500000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0019
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0002
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0053
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0023
CY2023Q3 aurcu Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
3.06
CY2022Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
602405839 shares
CY2022Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
332314737 shares
CY2022Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
332314737 shares
us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
1500000 usd
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
7598424 shares
CY2022Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
3096000 usd
CY2023Q3 aurcu Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
3.06
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1086027188 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
299783421 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
299783421 shares
CY2022Q4 aurcu Common Stock Shares Issued Par Value
CommonStockSharesIssuedParValue
10
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25044000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10973000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37398000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
31021000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2500000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
800000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3900000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3000000 usd
CY2023Q3 aurcu Banking Regulation Additional Cash Collateral Requirement
BankingRegulationAdditionalCashCollateralRequirement
5000000 usd
CY2023Q3 aurcu Banking Regulation Additional Cash Collateral Requirement
BankingRegulationAdditionalCashCollateralRequirement
5000000 usd
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001

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