PROSPER MARKETPLACE, INC
Prosper Marketplace, Inc. filed its Q3 FY2026 10-Q (period ended September 30, 2026). Total net revenue rose 78.7% YoY to $105.8M, and net income swung to $41.7M from a $29.5M loss a year earlier. Diluted EPS was $0.06 versus a $0.38 loss. A change in fair-value estimate for the credit card derivative and partner receivable added $8.4M to net revenue and net income for the quarter.
- Q3 net income of $41.7M vs a $29.5M loss in Q3 2025.
- Total net revenue up 78.7% YoY to $105.8M.
- Diluted EPS of $0.06 vs a $0.38 loss a year earlier.
- Fair-value estimate change added $8.4M to net revenue and net income.
- Receivable from Credit Card Partner jumped to $398.4M from $99.9M at year-end.
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A private fintech lender flipping from loss to profit with 78.7% revenue growth is a notable inflection, though part of the gain is a non-cash estimate change.
Prosper is a private (non-listed) consumer lending marketplace; the swing to profitability and credit card receivables growth reflect a broader fintech recovery in consumer credit.
The $8.4M income boost stems from a management estimate change on credit card fair value, which could reverse. Credit card loss rates and the September 2025 cybersecurity incident remain flagged risks.