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GHLD

Guild Holdings Company

GHLD

Guild Holdings Company • NYSE
$20.01 ▲ 0.70% (+0.14)
Market Cap $1.25 B
52w High $23.57
52w Low $11.21
Dividend Yield 0.50%
P/E 9.91
Volume 116.28K
Outstanding Shares 62.28M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $343.931M ▲ $268.737M ▼ $33.326M ▲ 9.69% ▲ $0.54 ▲ $54.586M ▲
Q2-2025 $319.28M ▲ $269.775M ▲ $18.661M ▲ 5.845% ▲ $0.3 ▲ $29.346M ▲
Q1-2025 $225.66M ▼ $235.205M ▼ $-23.897M ▼ -10.59% ▼ $-0.39 ▼ $-22.526M ▼
Q4-2024 $408.491M ▲ $248.355M ▲ $97.942M ▲ 23.977% ▲ $1.59 ▲ $138.089M ▲
Q3-2024 $159.257M $26.718M $-66.892M -42.003% $-1.09 $-83.361M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $106.401M ▼ $5.097B ▲ $3.859B ▲ $1.237B ▲
Q2-2025 $107.364M ▼ $5.034B ▲ $3.815B ▲ $1.218B ▲
Q1-2025 $111.726M ▼ $4.55B ▼ $3.349B ▼ $1.2B ▼
Q4-2024 $118.203M ▲ $4.768B ▲ $3.514B ▲ $1.254B ▲
Q3-2024 $106.151M $4.644B $3.487B $1.157B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $33.343M ▲ $78.852M ▲ $-33.82M ▼ $-42.776M ▼ $2.256M ▲ $77.034M ▲
Q2-2025 $18.663M ▲ $-427.821M ▼ $-25.703M ▲ $447.614M ▲ $-5.91M ▼ $-430.783M ▼
Q1-2025 $-23.959M ▼ $180.781M ▼ $-30.904M ▲ $-154.593M ▼ $-4.716M ▼ $178.503M ▼
Q4-2024 $97.892M ▲ $202.095M ▲ $-36.792M ▼ $-152.018M ▼ $13.285M ▲ $200.098M ▲
Q3-2024 $-67.041M $-603.734M $562.444M $45.256M $3.966M $-607.083M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Origination
Origination
 $420.00M ▲$190.00M ▼$240.00M ▲$250.00M ▲
Servicing
Servicing
 $250.00M ▲$10.00M ▼$40.00M ▲$60.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Guild’s profits follow the mortgage cycle very closely. After exceptionally strong earnings early in the decade, results weakened in the more challenging 2022–2023 environment, even slipping into a small loss in 2023. In 2024, revenue and profit recovered meaningfully, showing that the business can bounce back when market conditions improve. Margins have come down from the boom years but remain positive, which is notable in a tough housing and rate backdrop. Overall, the income statement suggests a company that stays profitable through most cycles, with earnings that can swing quite a bit depending on interest rates and housing activity, but with clear signs of stabilization and recovery in the most recent year.

Balance Sheet

Balance Sheet The balance sheet shows a mortgage lender with meaningful leverage, which is common in this industry, but with equity steadily building over time. Debt levels are significant, yet owners’ capital has grown, indicating that the company has been able to retain value even through a downturn. Cash on hand is relatively modest, so liquidity depends heavily on access to funding lines and the broader capital markets rather than just cash reserves. Overall, the balance sheet looks typical for a mortgage platform: asset- and debt-heavy, but with a gradually stronger capital base than a few years ago.

Cash Flow

Cash Flow Cash flow is volatile, which is normal for a mortgage company. In the best years, operating cash flow was strongly positive, reflecting high origination volumes and healthy margins. In weaker years, including the latest period, cash flow turned negative despite positive accounting profits. This swing largely reflects changes in loan production, working capital, and the timing of selling or retaining loans, rather than big spending on equipment or facilities. Capital spending is very light, so free cash flow generally moves in line with operating cash flow. Investors should view cash flow here as cyclical and timing‑sensitive rather than smooth and predictable.

Competitive Edge

Competitive Edge Guild operates in a very crowded, rate‑sensitive mortgage market, but it has several structural advantages. Its long operating history, strong brand in many local markets, and “customer-for-life” strategy give it a relationship-driven edge rather than relying purely on price. A major strength is its in‑house servicing platform and its decision to keep servicing on many loans. This supports deeper, longer‑term customer relationships and improves the chances that existing borrowers return for refinances or new purchases. Guild also emphasizes purchase loans over pure refinance waves, which can make volumes a bit more resilient when rates rise. On the other hand, the company still faces intense competition from banks, non‑bank lenders, and digital platforms, all fighting on rates, speed, and service. Its competitive stance is solid but must be continually defended through technology, recruiting, and customer experience, especially with the pending Bayview acquisition potentially changing its strategic options over time.

Innovation and R&D

Innovation and R&D Guild is unusually active on the innovation front for a traditional mortgage lender. Its custom AI tool, GuildGPT, is a standout example: it helps employees quickly navigate complex loan rules and products, which can speed up responses, reduce errors, and shorten training time. Early adoption across the workforce suggests this tool is already embedded in day‑to‑day operations. Beyond AI, Guild’s in‑house servicing platform and broad suite of specialized loan programs (such as bridge loans, cash‑offer programs, and first‑time buyer support) show a focus on product and process innovation rather than just selling standard mortgages. The company appears committed to using technology and product design to sharpen its edge. The planned acquisition by a Bayview-managed fund could further influence its innovation path, potentially giving it more flexibility to invest long term away from public market pressures, but also adding some uncertainty about future priorities until the deal closes and the new owner’s strategy is clearer.

Summary

Guild Holdings is a seasoned mortgage lender that has ridden the industry’s ups and downs: earnings surged in the early part of the decade, dipped sharply when the market turned, and have now begun to recover. Its financials show a cyclical but still resilient business, with profits returning after a rough patch and equity gradually strengthening. The company operates with the typical leverage and cash flow volatility of a mortgage platform, so its fortunes remain closely tied to rates and housing activity. However, its relationship‑based model, in‑house servicing, and long operating history give it real staying power in a tough, commoditized industry. On the opportunity side, Guild’s push into AI with GuildGPT, its differentiated loan programs, and its focus on purchase customers could support better efficiency and more stable volumes over time. On the risk side, competition, funding dependence, and interest‑rate sensitivity remain key, and the outcome of the pending Bayview acquisition could reshape its strategy and risk profile. Overall, Guild looks like a mature player using technology and customer relationships to adapt to a challenging, highly cyclical mortgage environment, with both promising levers for improvement and meaningful external uncertainties still in play.

NEWS

November 28, 2025 · 8:00 AM UTC

Bayview Completes Acquisition of Guild Holdings Company

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November 5, 2025 · 4:05 PM UTC

Guild Holdings Company Reports Third Quarter 2025 Results

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October 31, 2025 · 8:00 AM UTC

Guild Holdings Company Announces Third Quarter 2025 Earnings Details

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September 30, 2025 · 5:30 PM UTC

$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Guild Holdings Company (NYSE: GHLD)

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