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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (13,594) $ (15,342)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,380 4,050
Gain on sale of business 0 (2,958)
Non-cash lease expense 1,063 1,372
Deferred financing cost amortization 29 0
Gain on sale of mortgages (5,393) (5,033)
Stock-based compensation 3,013 7,118
Deferred income taxes 3 0
Change in operating assets and liabilities:    
Accounts receivable (4,983) 51
Prepaid and other current assets (1,450) (1,704)
Other assets (24) (23)
Accounts payable 6,284 1,708
Accrued and other current liabilities 2,174 1,383
Operating lease liabilities (1,209) (1,510)
Other long-term liabilities 0 1,916
Mortgage loans held for sale originations (184,187) (192,230)
Proceeds from sale and principal payments on mortgage loans held for sale 185,261 196,832
Net cash used in operating activities (8,633) (4,371)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (78) (46)
Purchase of intangible assets (2,085) (2,160)
Proceeds from sale of business 4,000 7,435
Amounts paid for business and asset acquisitions, net of cash acquired (120) 0
Other investing activities 0 (130)
Net cash provided by investing activities 1,717 5,099
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on debt (4,196) (557)
Proceeds from note payable 0 5,435
Deferred acquisition consideration payments (33) 0
Proceeds from other financing activities 0 20
Borrowings from warehouse lines of credit 184,032 191,837
Repayment on warehouse lines of credit (179,674) (191,550)
Proceeds from the issuance of common stock in connection with a public offering 9,513 0
Payment of offering cost in connection with issuance of common stock in connection with public offering (198) (28)
Net cash provided by financing activities 9,444 5,157
Net increase in cash, cash equivalents, and restricted cash 2,528 5,886
Cash, cash equivalents, and restricted cash at beginning of period 7,389 7,540
Cash, cash equivalents, and restricted cash at end of period 9,917 13,426
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest 178 299
Right of use assets obtained in exchange for new lease liabilities 1,621 1,572
Reconciliation of cash and restricted cash:    
Cash and cash equivalents 9,756 13,104
Restricted cash 161 322
Total cash, cash equivalents, and restricted cash shown in statement of cash flows $ 9,917 $ 13,426

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