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  "notes": "The chart shows a shift in the mix of loan tenures over time, with a higher proportion of longer-tenured loans (13+ months) in 2025E compared to 2022.",
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      "text": "Risk Loss Rates are showing trailing 6-month data from Q3 2025, and are calculated on a cohort basis by month of origination, as a percentage of originations volume. Q3 2025 Risk Loss Rates are based on our latest forecast, and actual results may differ. Data includes 4-week and 6-week loans.",
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      "text": "Cash App: Responsible Growth",
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