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Contribution Margin
Shows the percentage of revenue remaining after variable costs, providing insight into profitability and operational efficiency.Contribution margin peaked in mid‑2023 and has shown a gradual downward drift since, signaling weakening percentage economics even as volume and product mix shift. Management’s push into partner channels and larger average loans could boost absolute dollar contribution despite lower take rates, but that thesis is qualitative and unmeasured today. Investors should focus on channel‑level contribution, average loan size trends, and reported dollar contribution per loan—those metrics will determine whether new distribution offsets the margin erosion or simply masks weaker unit economics.
Date | Contribution Margin |
|---|---|
Jun 30, 2026 | 55.00 |
Mar 31, 2026 | 50.00 |
Dec 31, 2025 | 53.00 |
Sep 30, 2025 | 57.00 |
Jun 30, 2025 | 58.00 |
Mar 31, 2025 | 55.00 |
Dec 31, 2024 | 61.00 |
Sep 30, 2024 | 64.00 |
Jun 30, 2024 | 58.00 |
Mar 31, 2024 | 56.00 |