net income $2.1M. Finwise acquires Tallied card platform, settles data-breach litigation under insurance

Filed August 12, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~1 min read

Key Changes

• high

  Acquired Tallied Technologies on July 20, 2026, bringing credit card issuance and processing in-house; expects $4.0M integration costs over the next year, concentrated in the near term, and a $45.3M reclassification of card receivables.

  Notes: Tallied Technologies acquisition verify on EDGAR →
• high

  Allowance for credit losses rose 192% to $47.4M (from $16.2M Jun 2025); provision for credit losses was $33.3M for the six months ended June 30, 2026 prior year, reflecting growth in Strategic Program loans.

  Notes: Allowance for credit losses verify on EDGAR →
• medium

  Introduced segment reporting in Q3 2025, establishing three reportable segments (traditional banking, BaaS, treasury/administration); prior periods operated under one segment, and comparative data is not practicable.

  Notes: Segment reporting implementation verify on EDGAR →