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LDI

loanDepot, Inc.

LDI

loanDepot, Inc. • NYSE
$2.83 ▲ 1.80% (+0.05)
Market Cap $976.26 M
52w High $5.05
52w Low $1.01
Dividend Yield 0%
P/E -7.86
Volume 1.88M
Outstanding Shares 344.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $340.719M ▲ $267.356M ▲ $-4.882M ▲ -1.433% ▲ $-0.016 ▲ $-1.141M ▲
Q2-2025 $305.008M ▲ $250.417M ▼ $-13.388M ▲ -4.389% ▲ $-0.064 ▲ $-23.225M ▲
Q1-2025 $283.674M ▲ $254.504M ▼ $-21.896M ▲ -7.719% ▲ $-0.11 ▲ $-35.631M ▲
Q4-2024 $282.518M ▼ $276.345M ▲ $-33.234M ▼ -11.763% ▼ $-0.17 ▼ $-72.499M ▼
Q3-2024 $314.598M $59.266M $1.369M 0.435% $0.007 $97.143M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $459.161M ▲ $6.245B ▲ $5.812B ▲ $259.369M ▼
Q2-2025 $408.623M ▲ $6.209B ▼ $5.77B ▼ $272.158M ▲
Q1-2025 $371.48M ▼ $6.417B ▲ $5.947B ▲ $261.566M ▼
Q4-2024 $421.576M ▼ $6.344B ▼ $5.837B ▲ $272.892M ▼
Q3-2024 $483.048M $6.418B $5.826B $311.39M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-8.735M ▲ $43.413M ▼ $11.375M ▲ $-7.017M ▲ $47.771M ▲ $38.682M ▼
Q2-2025 $-25.273M ▲ $67.627M ▲ $8.722M ▲ $-43.975M ▼ $32.374M ▲ $61.393M ▲
Q1-2025 $-40.696M ▲ $-179.89M ▼ $2.795M ▼ $95.601M ▲ $-81.494M ▼ $-186.686M ▼
Q4-2024 $-67.466M ▼ $40.562M ▲ $35.174M ▲ $-127.156M ▼ $-51.42M ▲ $33.645M ▲
Q3-2024 $2.672M $-349.168M $-28.253M $324.852M $-52.569M $-356.446M

Five-Year Company Overview

Income Statement

Income Statement loanDepot’s results show a classic boom‑and‑bust mortgage story followed by a slow repair. Earnings were very strong during the low‑rate refinancing surge, then revenue dropped sharply as rates rose and volumes fell. Profitability swung from healthy profits to meaningful losses, but those losses have steadily narrowed over the past two years. Operating performance has moved from clearly negative toward modestly positive, suggesting that cost cuts and efficiency efforts are starting to bite, even though the company is not yet consistently profitable.

Balance Sheet

Balance Sheet The balance sheet reflects a highly leveraged, capital‑intensive lender coming off a peak cycle. Total assets have shrunk from the pandemic highs as the business has scaled down, and debt remains large compared with the company’s equity base. Equity has eroded significantly over time, leaving a relatively thin cushion, which heightens sensitivity to further losses. Cash on hand looks adequate but not abundant, so balance‑sheet strength depends heavily on stable funding lines and disciplined risk management rather than on a large cash war chest.

Cash Flow

Cash Flow Cash flow is volatile, which is typical for a mortgage originator that warehouses loans and relies on short‑term funding. Operating cash flow has swung from deep outflows to strong inflows and back to outflows again, driven more by changes in loan volumes and working capital than by routine expenses. Free cash flow closely tracks this pattern because the business requires only modest investment in physical assets. This means cash generation is highly tied to the rate environment and origination activity rather than to steady, predictable operations.

Competitive Edge

Competitive Edge Competitively, loanDepot combines a recognized consumer brand, a sizable servicing portfolio, and a multi‑channel distribution model. Its in‑house mello platform is a key differentiator versus lenders that depend on third‑party systems, giving it more control over the customer experience and process efficiency. At the same time, the mortgage market is brutally competitive, rate‑driven, and heavily regulated, with powerful bank and non‑bank rivals. The company is trying to regain lost market share while keeping profitability in focus, which is a difficult balance in a cyclical industry.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic pillar. The mello ecosystem, smartloan product, automated underwriting engine, and digital HELOC all point to a push for faster, more digital, lower‑touch lending. The company is leaning into artificial intelligence to automate decisioning, personalize outreach, and cut processing time and cost. It is also building an ecosystem around the mortgage—real estate services, insurance, title, and escrow—to deepen customer relationships. The returning founder and rehired technology leaders reinforce this tech‑first direction, but the real test is whether these tools translate into durable cost advantages and better margins through the cycle.

Summary

loanDepot is in the middle of a long transition from pandemic‑era boom to a leaner, more technology‑driven mortgage platform. Financially, the business has moved from strong profits to sustained losses, but the direction of travel in recent years has been toward stabilization and gradual improvement. The balance sheet is still highly leveraged with limited equity, which makes execution and risk control especially important. On the strategic side, the company’s proprietary technology, data capabilities, and large servicing book give it tangible strengths, yet the environment remains tough and cyclical. The core story is whether its digital and AI initiatives, plus cost discipline, can turn a volatile, rate‑sensitive franchise into a more consistently profitable and resilient operator over time.

NEWS

November 6, 2025 · 4:06 PM UTC

loanDepot Announces Third Quarter 2025 Financial Results

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November 5, 2025 · 4:20 PM UTC

loanDepot Appoints Nikul Patel Chief Growth Officer

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October 22, 2025 · 4:15 PM UTC

loanDepot, Inc. to Report Third Quarter 2025 Financial Results on November 6, 2025

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October 14, 2025 · 9:00 AM UTC

loanDepot Renews Focus on Consumer Direct Lending, Reassembles Consumer Direct Lending Dream Team

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October 13, 2025 · 9:00 AM UTC

Rick Calle Returns to loanDepot to Lead Strategy and Revenue Operations

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