Slide 1: Earnings Supplement Q1 2026
Earnings Supplement Q1 2026
Slide 2: Q1 2026 Financial Highlights
2 Q1 2026 Financial Highlights Q1 2026 (1) See reconciliation of GAAP to non-GAAP financial measures on page 9. Q1 2025 Revenue $20.5 million $24.4 million Adj. EBITDA1 $2.0 million $3.2 million Total Certs 21,064 27,638
Slide 3: Loan Origination Performance by Quarter & Channel
3 Loan Origination Performance by Quarter & Channel Total certified loan volumes reflect typical seasonal patterns along with our strategic implementation of enhanced underwriting standards aimed at building a higher quality loan portfolio. In addition, the decrease in certified loans in 4Q25 and 1Q
Slide 4: Loan Origination Mix by Segment & Vehicle Category
4 Loan Origination Mix by Segment & Vehicle Category Loan origination mix in 1Q26 reflects a continued shift toward credit union partnerships. Our portfolio remains predominantly focused on used vehicles, which we believe serves the core needs of our target consumer base. 23.9% 20.5% 14.6% 12.4% 11.
Slide 5: Loan Origination Mix by Credit Profile
5 We believe our credit portfolio at 1Q26 demonstrates disciplined underwriting with a healthy mix across credit depth segments. Our credit builder exposure has also been reduced, with surcharges applied to accounts identified at the time of origination as having credit builder tradelines starting i
Slide 6: Facilitated Loan Volume & Average Loan Size Trends
6 Facilitated Loan Volume & Average Loan Size Trends The decreases in facilitated loan origination volume in 4Q25 and 1Q26 were driven by the reduction in loans certified due to a temporary headwind in conversion rates as we tested pricing adjustments in response to emerging credit trends. Average l
Slide 7: Key Performance Indicators
7 Key Performance Indicators (1) Represents average profit share revenue per certified loan originated in the period excluding the impact of profit share change in estimate recognized in the period associated with historical vintages.
Slide 8: Financial Results
8 Financial Results (1) Profit share revenue for the first quarter of 2026 was impacted by a $0.7 million reduction in estimated profit share revenue related to business in historic vintages as compared to a $0.9 million reduction in the first quarter of 2025.
Slide 9: Reconciliation of GAAP to Non-GAAP Financial Measures
9 Reconciliation of GAAP to Non-GAAP Financial Measures Adjusted EBITDA ($ in 000's) (1) Beginning in the quarter ended June 30, 2025, we updated the presentation of Adjusted EBITDA to exclude interest income, as we believe the exclusion of interest income better aligns our presentation with compara