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LC

LendingClub Corporation

LC

LendingClub Corporation • NYSE
$18.10 ▲ 2.67% (+0.47)
Market Cap $2.09 B
52w High $19.88
52w Low $7.90
Dividend Yield 0%
P/E 20.34
Volume 577.73K
Outstanding Shares 115.30M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $349.593M ▲ $162.713M ▲ $44.274M ▲ 12.664% ▲ $0.39 ▲ $74.117M ▲
Q2-2025 $331.283M ▲ $154.718M ▲ $38.178M ▲ 11.524% ▲ $0.33 ▲ $69.453M ▼
Q1-2025 $299.813M ▼ $43.348M ▼ $11.671M ▲ 3.893% ▲ $0.1 ▲ $112.506M ▲
Q4-2024 $315.413M ▲ $142.855M ▲ $9.72M ▼ 3.082% ▼ $0.086 ▼ $25.322M ▼
Q3-2024 $302.017M $136.332M $14.457M 4.787% $0.13 $31.349M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.753B ▲ $11.073B ▲ $9.61B ▲ $1.462B ▲
Q2-2025 $752.562M ▼ $10.775B ▲ $9.369B ▲ $1.406B ▲
Q1-2025 $898.511M ▼ $10.483B ▼ $9.119B ▼ $1.365B ▲
Q4-2024 $957.047M ▼ $10.631B ▼ $9.289B ▼ $1.342B ▼
Q3-2024 $4.328B $11.038B $9.695B $1.343B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $44.274M ▲ $-770.823M ▼ $595.885M ▲ $246.287M ▲ $71.349M ▲ $-791.826M ▲
Q2-2025 $38.178M ▲ $-713.094M ▼ $337.025M ▼ $230.143M ▲ $-145.926M ▼ $-803.788M ▼
Q1-2025 $11.671M ▲ $-339.256M ▼ $450.458M ▼ $-168.351M ▲ $-57.149M ▲ $-352.322M ▼
Q4-2024 $9.72M ▼ $-185.373M ▲ $498.09M ▲ $-385.598M ▼ $-72.881M ▼ $-202.593M ▲
Q3-2024 $14.457M $-669.828M $-594.127M $1.345B $80.826M $-682.264M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Financial Service
Financial Service
 $60.00M ▲$70.00M ▲$90.00M ▲$110.00M ▲
Servicing Fees
Servicing Fees
 $20.00M ▲$10.00M ▼$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement LendingClub’s revenue has grown meaningfully versus a few years ago, but growth has flattened more recently and profitability has become much thinner. After a very strong profit year earlier in the period, margins have been pressured by a tougher interest-rate and credit environment. The company is still generating modest accounting profits, but earnings are now small relative to its revenue base and more volatile than before. This suggests a business that is fundamentally viable but quite sensitive to funding costs, loan volumes, and credit performance.

Balance Sheet

Balance Sheet The balance sheet has expanded substantially, reflecting LendingClub’s evolution into a full-fledged digital bank with a larger loan book. Equity has grown steadily, and traditional debt has come down a lot, implying a healthier capital structure that relies less on borrowing and more on deposits and retained earnings. Cash levels are consistently solid, giving the company flexibility to absorb shocks and invest. The flip side is that a larger balance sheet concentrated in consumer credit brings greater exposure to economic cycles and regulatory oversight, so risk management quality is increasingly important.

Cash Flow

Cash Flow Despite reporting profits, LendingClub has shown sizable negative operating and free cash flow in the most recent years. This pattern typically reflects cash being tied up in growing loans held on balance sheet, which is common for a bank-like model but still means the business is cash-hungry. Capital spending is modest, so the main driver of cash outflows is growth in the lending portfolio rather than heavy investment in physical assets. The key question going forward is whether the company can balance loan growth with more stable, self-funding cash generation through the cycle.

Competitive Edge

Competitive Edge LendingClub occupies a differentiated spot between traditional banks and pure fintech lenders, combining a national bank charter with a technology-driven marketplace platform. Its long operating history and large credit dataset support more refined underwriting and risk-based pricing, which can be a real edge in consumer lending. The banking license gives access to low-cost deposits and regulatory clarity, while the marketplace side still attracts institutional investors looking for consumer credit exposure. However, the company competes in a fiercely contested arena against big banks, card issuers, and other digital lenders, all vying for the same borrowers and funding sources, so maintaining that edge will require ongoing execution and discipline.

Innovation and R&D

Innovation and R&D Innovation is clearly a strategic focus, centered on data science, artificial intelligence, and a member-centric product ecosystem. The core lending platform is highly automated, and acquisitions like Cushion and Tally show a push to embed smart tools that help customers manage spending and debt, not just borrow. New offerings such as LevelUp Checking, TopUp loans, and structured loan certificates deepen relationships with both consumers and institutional investors. Expansion into areas like home improvement financing and more personalized banking experiences widens the opportunity set but also raises execution and integration risk as the product footprint grows.

Summary

Overall, LendingClub has successfully transformed from a niche online lender into a scaled digital marketplace bank with a broader, more diversified business model. Revenue is solid, the balance sheet is stronger and less reliant on traditional debt, and the company has stayed at least modestly profitable even in a tougher environment. At the same time, earnings are now thin, cash flows are negative due to loan growth, and the business is highly exposed to credit conditions and competition. The main opportunity lies in leveraging its data, bank charter, and integrated product ecosystem to deepen customer relationships and grow higher-quality lending. The main risks center on credit cycle downturns, funding and rate volatility, and the ongoing need to prove that innovation and scale can translate into durable, cash-generative profitability over time.

NEWS

November 5, 2025 · 8:05 AM UTC

LendingClub Announces $100 Million Common Stock Repurchase and Acquisition Program

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November 5, 2025 · 8:00 AM UTC

LendingClub Expands into Home Improvement Financing, Unlocking a $500 Billion Market Opportunity

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October 22, 2025 · 4:05 PM UTC

LendingClub Reports Third Quarter 2025 Results

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October 21, 2025 · 8:05 AM UTC

LendingClub to Host and Webcast Investor Day on November 5, 2025

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October 6, 2025 · 4:05 PM UTC

LendingClub Schedules Third Quarter 2025 Earnings Release and Conference Call and Announces Upcoming November 2025 Investor Day

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