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LendingTree (TREE) Financials

LendingTree logo
$43.27 -0.86 (-1.95%)
Closing price 04:00 PM Eastern
Extended Trading
$43.26 -0.01 (-0.02%)
As of 07:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for LendingTree

Annual Income Statements for LendingTree

This table shows LendingTree's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 48 27 16 96 18 -48 69 -188 -122 -42 151
Consolidated Net Income / (Loss)		 48 27 16 96 18 -48 69 -188 -122 -42 151
Net Income / (Loss) Continuing Operations		 51 31 19 109 39 -23 73 -188 -122 -42 151
Total Pre-Tax Income 		28 52 26 44 31 -43 84 -55 -125 -37 21
Total Operating Income		 29 52 33 56 51 -6.60 8.03 -33 -41 45 65
Total Gross Profit		 245 371 601 728 1,038 855 1,041 927 634 864 1,075
Total Revenue		 254 384 618 765 1,107 910 1,098 985 673 900 1,117
Operating Revenue		 254 384 618 765 1,107 910 1,098 985 673 900 1,117
Total Cost of Revenue		 9.37 14 17 36 68 54 57 58 39 36 43
Operating Cost of Revenue		 9.37 14 17 36 68 54 57 58 39 36 43
Total Operating Expenses		 216 319 567 672 987 862 1,033 960 674 820 1,010
Selling, General & Admin Expense		 30 37 72 101 117 129 153 152 118 109 113
Marketing Expense		 173 261 433 500 735 617 774 702 434 636 813
Research & Development Expense		 10 14 18 27 40 44 53 56 47 46 45
Depreciation Expense		 3.01 4.94 7.09 7.39 11 14 18 20 19 18 16
Amortization Expense		 0.15 1.24 13 23 55 53 43 25 7.69 5.89 5.19
Impairment Charge		 - - - - - - 0.00 0.00 39 0.00 0.00
Restructuring Charge		 0.42 0.12 0.40 2.35 1.03 0.30 0.05 4.43 10 0.51 1.63
Other Special Charges / (Income)		 -0.61 0.13 25 11 28 4.38 -7.86 -0.02 0.39 3.80 16
Total Other Income / (Expense), net		 -0.17 -0.54 -7.42 -12 -20 -36 76 -22 -84 -82 -44
Interest & Investment Income		 - - - - - - - -26 22 -28 -47
Other Income / (Expense), net		 0.00 0.02 -0.40 -0.01 0.52 0.38 123 3.84 -106 -54 3.00
Income Tax Expense		 -23 20 6.29 -66 -8.48 -20 11 133 -2.52 4.32 -130
Basic Earnings per Share		 $4.17 $2.33 $1.30 $7.72 $1.39 ($3.71) $5.24 ($14.69) ($9.46) ($3.14) $11.14
Weighted Average Basic Shares Outstanding		 11.52M 11.81M 11.95M 12.50M 12.83M 13.01M 13.20M 12.79M 12.94M 13.27M 13.58M
Diluted Earnings per Share		 $3.83 $2.15 $1.14 $6.85 $1.22 ($3.71) $5.05 ($14.69) ($9.46) ($3.14) $10.78
Weighted Average Diluted Shares Outstanding		 12.54M 12.77M 13.68M 14.10M 14.62M 13.01M 13.70M 12.79M 12.94M 13.27M 14.06M
Weighted Average Basic & Diluted Shares Outstanding		 11.88M 11.84M 12.24M 12.83M 13.05M 13.13M 13.70M 12.79M 12.94M 13.39M 13.86M

Quarterly Income Statements for LendingTree

This table shows LendingTree's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -148 13 1.02 7.75 -58 7.51 -12 8.86 10 145 17
Consolidated Net Income / (Loss)		 -148 13 1.02 7.75 -58 7.51 -12 8.86 10 145 17
Net Income / (Loss) Continuing Operations		 -148 13 1.02 7.75 -58 7.51 -12 8.86 10 145 17
Total Pre-Tax Income 		-152 13 1.58 9.44 -58 9.13 -15 11 12 13 23
Total Operating Income		 -34 -0.22 7.18 9.59 9.92 18 -7.11 21 29 22 31
Total Gross Profit		 148 126 159 202 251 252 230 240 297 308 316
Total Revenue		 155 134 168 210 261 262 240 250 308 320 327
Operating Revenue		 155 134 168 210 261 262 240 250 308 320 327
Total Cost of Revenue		 7.57 8.13 8.55 8.41 9.37 9.74 9.91 10 11 12 12
Operating Cost of Revenue		 7.57 8.13 8.55 8.41 9.37 9.74 9.91 10 11 12 12
Total Operating Expenses		 182 126 152 192 241 234 237 219 268 286 284
Selling, General & Admin Expense		 26 25 26 27 27 29 31 25 26 31 28
Marketing Expense		 97 83 108 148 194 186 173 177 225 238 239
Research & Development Expense		 11 11 12 10 11 13 12 11 11 11 11
Depreciation Expense		 4.76 4.83 4.67 4.60 4.58 4.45 4.30 4.24 4.00 3.93 4.19
Amortization Expense		 1.98 1.68 1.49 1.47 1.47 1.47 1.31 1.31 1.29 1.29 1.29
Restructuring Charge		 1.96 0.15 0.02 0.20 0.27 0.01 0.80 0.36 0.08 0.40 0.94
Other Special Charges / (Income)		 -0.15 0.04 0.04 -0.01 3.76 0.01 15 -0.00 0.07 0.38 0.02
Total Other Income / (Expense), net		 -118 13 -5.60 -0.15 -67 -8.81 -7.70 -10 -17 -8.76 -8.20
Interest & Investment Income		 -7.10 - -6.64 -1.20 -10 - -9.08 -10 -18 -9.39 -8.57
Other Income / (Expense), net		 -111 2.64 1.03 1.05 -57 1.14 1.39 0.25 0.73 0.63 0.37
Income Tax Expense		 -3.53 0.40 0.56 1.69 0.45 1.63 -2.43 1.91 1.43 -131 5.65
Basic Earnings per Share		 ($11.43) $0.93 $0.08 $0.58 ($4.34) $0.54 ($0.92) $0.65 $0.75 $10.66 $1.25
Weighted Average Basic Shares Outstanding		 12.99M 12.94M 13.10M 13.26M 13.35M 13.27M 13.44M 13.55M 13.62M 13.58M 13.82M
Diluted Earnings per Share		 ($11.43) $0.94 $0.08 $0.58 ($4.34) $0.54 ($0.92) $0.65 $0.73 $10.32 $1.22
Weighted Average Diluted Shares Outstanding		 12.99M 12.94M 13.28M 13.41M 13.35M 13.27M 13.44M 13.65M 13.99M 14.06M 14.14M
Weighted Average Basic & Diluted Shares Outstanding		 13.00M 12.94M 13.28M 13.34M 13.36M 13.39M 13.54M 13.62M 13.67M 13.86M 13.95M

Annual Cash Flow Statements for LendingTree

This table details how cash moves in and out of LendingTree's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 121 -226 560 -522 -76 110 159 48 -187 -5.46 -26
Net Cash From Operating Activities		 37 64 104 124 157 111 131 43 68 62 73
Net Cash From Continuing Operating Activities		 37 64 104 124 157 111 131 43 68 62 73
Net Income / (Loss) Continuing Operations		 51 31 19 109 39 -23 73 -188 -122 -42 151
Consolidated Net Income / (Loss)		 48 27 16 96 18 -48 69 -188 -122 -42 151
Depreciation Expense		 3.01 4.94 8.56 8.02 11 14 18 20 19 18 16
Amortization Expense		 0.20 1.49 20 37 69 76 79 33 11 8.39 7.30
Non-Cash Adjustments To Reconcile Net Income		 9.59 11 24 47 54 73 -35 69 147 78 37
Changes in Operating Assets and Liabilities, net		 -27 16 31 -77 -16 -30 -4.31 109 13 -0.56 -139
Net Cash From Investing Activities		 4.90 -120 -74 -383 -101 -122 10 -28 -12 -11 -9.93
Net Cash From Continuing Investing Activities		 4.90 -120 -74 -383 -101 -122 10 -28 -12 -11 -9.93
Purchase of Property, Plant & Equipment		 -7.24 -32 -8.04 -15 -20 -42 -35 -11 -13 -11 -12
Sale of Property, Plant & Equipment		 - - 0.00 0.00 24 - - - 0.00 0.00 2.50
Other Investing Activities, net		 12 - - - - 0.00 0.00 0.01 0.05 0.00 0.00
Net Cash From Financing Activities		 82 -53 253 4.84 -88 193 -63 33 -242 -57 -89
Net Cash From Continuing Financing Activities		 82 -53 253 4.84 -88 193 -63 33 -242 -57 -89
Repayment of Debt		 -1.22 -0.01 -10 -0.58 -2.53 -420 -8.92 -171 -241 -179 -534
Issuance of Debt		 0.00 0.00 300 125 -50 575 0.00 250 0.00 125 450
Other Financing Activities, net		 91 -0.02 -62 -25 -30 -23 -14 -3.41 -1.09 -2.19 -4.22
Cash Interest Paid		 0.06 0.32 1.33 3.59 7.01 4.74 8.91 19 24 38 37
Cash Income Taxes Paid		 0.70 3.10 20 0.54 0.03 0.56 0.19 0.40 1.28 1.68 1.77

Quarterly Cash Flow Statements for LendingTree

This table details how cash moves in and out of LendingTree's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 13 -64 119 -164 30 9.81 20 23 -81 12 4.45
Net Cash From Operating Activities		 18 21 5.71 -4.94 45 16 -0.21 28 29 17 12
Net Cash From Continuing Operating Activities		 18 21 5.71 -4.94 45 16 -0.21 28 29 17 12
Net Income / (Loss) Continuing Operations		 -148 13 1.02 7.75 -58 7.51 -12 8.86 10 145 17
Consolidated Net Income / (Loss)		 -148 13 1.02 7.75 -58 7.51 -12 8.86 10 145 17
Depreciation Expense		 4.76 4.83 4.67 4.60 4.58 4.45 4.30 4.24 4.00 3.93 4.19
Amortization Expense		 3.76 1.35 2.11 2.24 1.99 2.05 1.88 1.93 1.78 1.70 1.71
Non-Cash Adjustments To Reconcile Net Income		 159 -9.43 7.02 -1.54 65 7.83 9.77 6.20 13 7.28 4.38
Changes in Operating Assets and Liabilities, net		 -0.87 11 -9.10 -18 32 -5.59 -3.79 6.72 -0.40 -141 -16
Net Cash From Investing Activities		 -5.08 -2.55 -2.75 -2.73 -2.92 -2.82 -3.41 -2.74 -0.77 -3.00 -2.72
Net Cash From Continuing Investing Activities		 -5.08 -2.55 -2.75 -2.73 -2.92 -2.82 -3.41 -2.74 -0.77 -3.00 -2.72
Purchase of Property, Plant & Equipment		 -5.08 -2.60 -2.75 -2.73 -2.92 -2.82 -3.41 -2.74 -3.27 -3.00 -2.77
Other Investing Activities, net		 - 0.05 - - - - 0.00 - 2.50 -2.50 0.05
Net Cash From Financing Activities		 -0.49 -82 116 -156 -12 -3.61 23 -2.47 -109 -1.03 -4.39
Net Cash From Continuing Financing Activities		 -0.49 -82 116 -156 -12 -3.61 23 -2.47 -109 -1.03 -4.39
Repayment of Debt		 - -82 -7.84 -155 -12 -4.17 -24 -2.81 -507 -1.00 -1.00
Issuance of Debt		 - - 125 - - - 50 - 400 - 0.00
Other Financing Activities, net		 -0.49 0.44 -1.42 -0.88 -0.45 0.57 -2.63 0.35 -1.90 -0.03 -3.39
Cash Interest Paid		 - - - - - - 8.83 - - - 8.02

Annual Balance Sheets for LendingTree

This table presents LendingTree's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 296 323 693 896 948 1,189 1,299 1,199 803 768 856
Total Current Assets		 246 141 438 234 189 296 374 414 196 238 230
Cash & Equivalents		 207 91 369 105 60 170 251 299 112 107 81
Accounts Receivable		 30 41 53 91 113 90 98 83 55 98 111
Prepaid Expenses		 2.09 4.02 12 16 16 28 25 26 29 34 38
Plant, Property, & Equipment, net		 9.42 35 36 23 31 62 72 59 50 43 33
Total Noncurrent Assets		 41 147 219 639 727 830 853 726 556 486 593
Goodwill		 3.63 56 113 348 420 420 420 420 382 382 382
Intangible Assets		 11 72 81 206 182 129 86 58 51 43 38
Noncurrent Deferred & Refundable Income Taxes		 21 15 20 79 88 96 88 - - 0.00 125
Other Noncurrent Operating Assets		 1.04 0.81 1.91 2.17 30 89 84 73 64 60 49
Total Liabilities & Shareholders' Equity		 296 323 693 896 948 1,189 1,299 1,199 803 768 856
Total Liabilities		 55 92 399 550 546 824 851 991 679 659 569
Total Current Liabilities		 54 67 148 262 231 112 274 83 76 240 137
Short-Term Debt		 - 0.00 47 136 84 0.00 166 2.50 3.13 125 3.93
Accounts Payable		 5.74 5.59 9.25 15 2.87 10 1.69 2.03 1.96 8.36 6.74
Accrued Expenses		 35 49 77 93 113 101 107 75 71 107 127
Total Noncurrent Liabilities		 0.61 25 251 288 315 712 577 909 603 418 431
Long-Term Debt		 - 0.00 238 251 264 611 478 814 526 344 388
Other Noncurrent Operating Liabilities		 0.59 25 13 36 51 101 97 89 75 69 44
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 241 231 295 346 402 365 448 208 124 109 287
Total Preferred & Common Equity		 241 231 295 346 402 365 448 208 124 109 287
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 241 231 294 346 402 365 448 208 124 109 287
Common Stock		 1,007 1,018 1,088 1,134 1,178 1,189 1,243 1,189 1,228 1,254 1,281
Retained Earnings		 -750 -723 -708 -610 -593 -641 -572 -715 -838 -879 -728
Treasury Stock		 -16 -64 -85 -178 -183 -183 -223 -266 -266 -266 -266

Quarterly Balance Sheets for LendingTree

This table presents LendingTree's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,210 1,042 1,039 885 927 802 787 777 836 760 864
Total Current Assets		 410 262 264 267 326 206 252 254 319 259 244
Cash & Equivalents		 286 150 163 176 231 67 97 126 149 69 86
Accounts Receivable		 96 84 76 64 63 108 125 85 126 149 117
Prepaid Expenses		 28 28 26 27 32 31 30 42 42 41 41
Plant, Property, & Equipment, net		 65 57 57 54 48 46 45 41 39 34 31
Total Noncurrent Assets		 735 723 718 564 553 550 491 482 478 467 588
Goodwill		 420 420 420 382 382 382 382 382 382 382 382
Intangible Assets		 64 56 54 52 49 48 46 42 41 39 37
Noncurrent Deferred & Refundable Income Taxes		 0.00 - - - - - - - - - 119
Other Noncurrent Operating Assets		 76 72 71 70 62 61 61 57 55 46 50
Total Liabilities & Shareholders' Equity		 1,210 1,042 1,039 885 927 802 787 777 836 760 864
Total Liabilities		 1,004 811 797 782 795 656 693 673 718 628 559
Total Current Liabilities		 92 92 80 71 88 113 272 213 261 181 129
Short-Term Debt		 2.48 2.50 2.50 2.50 15 15 126 106 106 3.94 3.93
Accounts Payable		 4.58 4.47 3.17 1.56 3.10 3.04 49 6.04 41 52 7.79
Accrued Expenses		 84 85 74 67 70 95 97 100 113 125 118
Total Noncurrent Liabilities		 912 720 718 711 707 543 421 461 457 447 430
Long-Term Debt		 813 625 625 626 631 468 346 388 385 388 387
Other Noncurrent Operating Liabilities		 91 87 85 83 74 72 71 68 66 52 43
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 206 231 242 103 132 146 94 104 118 132 305
Total Preferred & Common Equity		 206 231 242 103 132 146 94 104 118 132 305
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 206 231 242 103 132 146 94 104 118 132 305
Common Stock		 1,178 1,199 1,210 1,219 1,234 1,241 1,247 1,262 1,267 1,271 1,282
Retained Earnings		 -705 -702 -702 -850 -837 -829 -887 -892 -883 -873 -711
Treasury Stock		 -266 -266 -266 -266 -266 -266 -266 -266 -266 -266 -266

Annual Metrics And Ratios for LendingTree

This table displays calculated financial ratios and metrics derived from LendingTree's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 11,540,240.00 11,789,606.00 11,968,798.00 12,827,755.00 12,999,152.00 13,122,650.00 13,335,464.00 - - - 13,670,696.00
DEI Adjusted Shares Outstanding		 11,540,240.00 11,789,606.00 11,968,798.00 12,827,755.00 12,999,152.00 13,122,650.00 13,335,464.00 - - - 13,670,696.00
DEI Earnings Per Adjusted Shares Outstanding		 4.16 2.33 1.30 7.52 1.37 -3.68 5.18 - - - 11.07
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 51.91% 51.21% 60.70% 23.82% 44.68% -17.77% 20.72% -10.33% -31.73% 33.86% 24.12%
EBITDA Growth		 1,215.01% 84.65% 5.36% 63.42% 30.39% -36.04% 171.88% -89.33% -578.51% 114.70% 433.83%
EBIT Growth		 3,042.62% 82.84% -37.21% 71.61% -8.77% -112.15% 2,208.61% -122.02% -406.95% 93.50% 811.18%
NOPAT Growth		 7,711.03% -38.92% -20.64% 461.13% -53.99% -107.15% 250.50% -429.67% -23.96% 209.89% 1,393.18%
Net Income Growth		 413.21% -42.78% -43.34% 519.46% -81.53% -370.67% 243.23% -371.94% 34.87% 65.93% 462.81%
EPS Growth		 355.95% -43.86% -46.98% 500.88% -82.19% -404.10% 236.12% -390.89% 35.60% 66.81% 443.31%
Operating Cash Flow Growth		 309.75% 72.69% 61.24% 19.71% 26.81% -29.19% 17.93% -67.26% 57.26% -7.86% 17.42%
Free Cash Flow Firm Growth		 686.19% -517.01% 34.25% -467.39% 97.67% 200.34% 552.24% 121.76% -59.74% 10.25% 698.82%
Invested Capital Growth		 996.90% 291.69% 51.94% 193.24% 11.09% -1.57% -5.14% -17.78% -12.21% -2.32% 27.21%
Revenue Q/Q Growth		 15.69% 6.22% 10.78% 5.77% 4.98% -3.49% 3.38% -5.40% -9.15% 16.45% 5.49%
EBITDA Q/Q Growth		 26.97% 13.05% -10.38% 29.51% 24.48% -9.10% 53.05% -79.75% 3.41% 9,990.00% 3.28%
EBIT Q/Q Growth		 29.74% 11.02% -29.91% 5.40% 15.50% -195.90% 148.61% -156.08% 5.01% 63.60% 5.90%
NOPAT Q/Q Growth		 141.17% -43.59% -33.21% 7.36% -4.94% -208.16% -62.59% -108.81% 14.94% 68.63% 808.55%
Net Income Q/Q Growth		 43.10% -45.32% -49.14% 4.81% 40.71% -26.52% 434.37% -45.00% 15.89% -14.29% 968.71%
EPS Q/Q Growth		 41.33% -47.69% -50.00% 6.70% 31.18% -23.26% 437.23% -41.93% 15.38% -14.60% 978.00%
Operating Cash Flow Q/Q Growth		 -5.14% 70.09% 6.05% 37.10% 26.81% 0.00% 26.24% -37.44% 6.68% -11.19% 0.40%
Free Cash Flow Firm Q/Q Growth		 -26.72% -998.19% 63.11% -855.30% 97.74% -83.84% 330.58% -76.78% 14.79% -6.81% 429.82%
Invested Capital Q/Q Growth		 1,578.11% 190.30% -1.45% 67.85% -3.75% -0.34% -6.61% -2.58% -2.92% 0.29% 31.10%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 96.31% 96.42% 97.21% 95.24% 93.82% 94.01% 94.78% 94.14% 94.24% 95.99% 96.19%
EBITDA Margin		 12.48% 15.24% 9.99% 13.18% 11.88% 9.24% 20.81% 2.48% -17.35% 1.91% 8.20%
Operating Margin		 11.22% 13.56% 5.36% 7.35% 4.58% -0.73% 0.73% -3.33% -6.04% 4.96% 5.80%
EBIT Margin		 11.22% 13.56% 5.30% 7.35% 4.63% -0.68% 11.95% -2.94% -21.80% -1.06% 6.07%
Profit (Net Income) Margin		 18.90% 7.15% 2.52% 12.62% 1.61% -5.30% 6.29% -19.08% -18.20% -4.63% 13.54%
Tax Burden Percent		 169.52% 53.31% 60.59% 220.60% 57.54% 113.47% 81.85% 342.15% 97.99% 111.56% 719.69%
Interest Burden Percent		 99.40% 98.92% 78.53% 77.86% 60.45% 682.95% 64.31% 189.95% 85.21% 392.07% 31.00%
Effective Tax Rate		 -81.05% 39.49% 24.47% -149.91% -27.37% 0.00% 13.38% 0.00% 0.00% 0.00% -619.69%
Return on Invested Capital (ROIC)		 257.13% 34.85% 13.78% 32.61% 9.53% -0.65% 1.02% -3.78% -5.53% 6.57% 87.44%
ROIC Less NNEP Spread (ROIC-NNEP)		 259.53% 37.62% 25.32% -7.40% -5.88% -14.11% 23.40% -62.95% -32.52% -13.76% -6.45%
Return on Net Nonoperating Assets (RNNOA)		 -228.65% -23.22% -7.87% -2.53% -4.77% -11.93% 15.99% -53.53% -68.19% -42.38% -10.95%
Return on Equity (ROE)		 28.47% 11.64% 5.91% 30.08% 4.76% -12.58% 17.01% -57.31% -73.72% -35.80% 76.49%
Cash Return on Invested Capital (CROIC)		 90.54% -83.79% -27.45% -65.67% -0.97% 0.93% 6.30% 15.74% 7.48% 8.92% 63.49%
Operating Return on Assets (OROA)		 13.09% 16.84% 6.44% 7.07% 5.56% -0.58% 10.55% -2.31% -14.65% -1.21% 8.35%
Return on Assets (ROA)		 22.06% 8.88% 3.06% 12.14% 1.93% -4.52% 5.56% -15.04% -12.23% -5.31% 18.64%
Return on Common Equity (ROCE)		 28.47% 11.64% 5.90% 30.02% 4.76% -12.58% 17.01% -57.31% -73.72% -35.80% 76.49%
Return on Equity Simple (ROE_SIMPLE)		 19.92% 11.88% 5.28% 27.87% 4.43% -13.23% 15.43% -90.39% -98.61% -38.32% 0.00%
Net Operating Profit after Tax (NOPAT)		 52 32 25 140 65 -4.62 6.96 -23 -28 31 466
NOPAT Margin		 20.31% 8.20% 4.05% 18.36% 5.84% -0.51% 0.63% -2.33% -4.23% 3.47% 41.75%
Net Nonoperating Expense Percent (NNEP)		 -2.41% -2.77% -11.54% 40.01% 15.41% 13.46% -22.38% 59.17% 26.99% 20.34% 93.89%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -2.24% -4.35% 5.41% 68.76%
Cost of Revenue to Revenue		 3.69% 3.58% 2.79% 4.76% 6.18% 5.99% 5.22% 5.86% 5.76% 4.01% 3.81%
SG&A Expenses to Revenue		 11.81% 9.68% 11.58% 13.23% 10.56% 14.19% 13.97% 15.47% 17.50% 12.08% 10.10%
R&D to Revenue		 4.12% 3.58% 2.90% 3.52% 3.61% 4.80% 4.81% 5.64% 7.02% 5.15% 4.05%
Operating Expenses to Revenue		 85.10% 82.86% 91.85% 87.89% 89.24% 94.74% 94.05% 97.46% 100.28% 91.04% 90.39%
Earnings before Interest and Taxes (EBIT)		 29 52 33 56 51 -6.23 131 -29 -147 -9.54 68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 32 59 62 101 131 84 229 24 -117 17 92
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.27 5.16 13.85 8.14 9.80 9.85 3.65 1.31 3.18 4.76 2.53
Price to Tangible Book Value (P/TBV)		 4.55 11.57 40.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 4.05 3.11 6.60 3.68 3.56 3.95 1.49 0.28 0.59 0.58 0.65
Price to Earnings (P/E)		 21.44 43.46 261.57 29.19 221.25 0.00 23.66 0.00 0.00 0.00 4.80
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 4.66% 2.30% 0.38% 3.43% 0.45% 0.00% 4.23% 0.00% 0.00% 0.00% 20.85%
Enterprise Value to Invested Capital (EV/IC)		 22.20 7.63 18.21 4.82 5.93 5.63 2.81 1.12 1.56 1.87 1.73
Enterprise Value to Revenue (EV/Rev)		 3.21 2.86 6.46 4.05 3.82 4.35 1.70 0.62 1.12 0.98 0.93
Enterprise Value to EBITDA (EV/EBITDA)		 25.75 18.78 64.62 30.73 32.19 47.02 8.18 25.22 0.00 51.22 11.32
Enterprise Value to EBIT (EV/EBIT)		 28.65 21.09 121.80 55.15 82.58 0.00 14.24 0.00 0.00 0.00 15.28
Enterprise Value to NOPAT (EV/NOPAT)		 15.82 34.87 159.34 22.06 65.51 0.00 268.76 0.00 0.00 28.12 2.22
Enterprise Value to Operating Cash Flow (EV/OCF)		 21.97 17.12 38.51 25.00 26.93 35.53 14.24 14.32 11.11 14.11 14.18
Enterprise Value to Free Cash Flow (EV/FCFF)		 44.93 0.00 0.00 0.00 0.00 598.77 43.41 6.44 19.52 20.72 3.06
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.96 1.12 0.87 1.68 1.44 3.92 4.26 4.31 1.37
Long-Term Debt to Equity		 0.00 0.00 0.81 0.72 0.66 1.68 1.07 3.91 4.23 3.16 1.35
Financial Leverage		 -0.88 -0.62 -0.31 0.34 0.81 0.85 0.68 0.85 2.10 3.08 1.70
Leverage Ratio		 1.29 1.31 1.93 2.48 2.46 2.79 3.06 3.81 6.03 6.74 4.10
Compound Leverage Factor		 1.28 1.30 1.52 1.93 1.49 19.03 1.97 7.24 5.14 26.43 1.27
Debt to Total Capital		 0.00% 0.00% 49.08% 52.78% 46.41% 62.63% 58.98% 79.69% 80.99% 81.17% 57.73%
Short-Term Debt to Total Capital		 0.00% 0.00% 8.03% 18.56% 11.19% 0.00% 15.20% 0.24% 0.48% 21.62% 0.58%
Long-Term Debt to Total Capital		 0.00% 0.00% 41.05% 34.22% 35.22% 62.63% 43.78% 79.45% 80.51% 59.55% 57.15%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 50.72% 47.22% 53.59% 37.37% 41.02% 20.31% 19.01% 18.83% 42.27%
Debt to EBITDA		 0.00 0.00 4.62 3.84 2.65 7.27 2.82 33.46 -4.53 27.35 4.28
Net Debt to EBITDA		 0.00 0.00 -1.42 2.80 2.19 4.30 1.03 14.04 -3.06 21.03 3.39
Long-Term Debt to EBITDA		 0.00 0.00 3.86 2.49 2.01 7.27 2.09 33.36 -4.50 20.06 4.23
Debt to NOPAT		 0.00 0.00 11.38 2.76 5.39 -132.28 92.60 -35.58 -18.60 15.02 0.84
Net Debt to NOPAT		 0.00 0.00 -3.51 2.01 4.46 -78.18 33.74 -14.93 -12.54 11.55 0.67
Long-Term Debt to NOPAT		 0.00 0.00 9.52 1.79 4.09 -132.28 68.74 -35.47 -18.49 11.02 0.83
Altman Z-Score		 9.72 6.66 6.25 3.14 4.76 2.80 1.81 0.40 -0.70 0.00 1.27
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.22% 0.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.55 2.11 2.97 0.89 0.82 2.65 1.36 5.02 2.60 0.99 1.67
Quick Ratio		 4.38 1.99 2.86 0.75 0.75 2.32 1.27 4.63 2.21 0.85 1.39
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 18 -76 -50 -283 -6.58 6.60 43 96 38 42 339
Operating Cash Flow to CapEx		 513.82% 200.95% 1,287.79% 831.48% 0.00% 264.06% 374.32% 375.49% 539.36% 554.88% 736.48%
Free Cash Flow to Firm to Interest Expense		 106.31 -135.13 -7.09 -22.74 -0.32 0.18 0.92 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 217.46 114.46 14.73 9.97 7.75 3.07 2.80 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 175.13 57.50 13.59 8.77 7.95 1.91 2.05 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.17 1.24 1.22 0.96 1.20 0.85 0.88 0.79 0.67 1.15 1.38
Accounts Receivable Turnover		 11.69 10.79 13.03 10.59 10.82 8.95 11.72 10.90 9.75 11.79 10.72
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 34.65 17.13 17.18 25.66 40.58 19.41 16.29 14.97 12.27 19.31 29.55
Accounts Payable Turnover		 2.76 2.43 2.32 2.99 7.62 8.39 9.71 31.04 19.43 6.99 5.63
Days Sales Outstanding (DSO)		 31.22 33.83 28.01 34.48 33.74 40.78 31.15 33.48 37.45 30.97 34.03
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 132.46 150.28 157.28 121.96 47.90 43.48 37.59 11.76 18.79 52.21 64.78
Cash Conversion Cycle (CCC)		 -101.25 -116.45 -129.27 -87.48 -14.16 -2.71 -6.44 21.73 18.67 -21.25 -30.75
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 37 144 219 642 713 702 666 548 481 470 597
Invested Capital Turnover		 12.66 4.25 3.40 1.78 1.63 1.29 1.61 1.62 1.31 1.89 2.09
Increase / (Decrease) in Invested Capital		 33 107 75 423 71 -11 -36 -118 -67 -11 128
Enterprise Value (EV)		 817 1,100 3,988 3,098 4,233 3,954 1,870 615 751 879 1,036
Market Capitalization		 1,030 1,195 4,075 2,817 3,944 3,593 1,635 273 394 518 726
Book Value per Share		 $20.90 $19.63 $24.59 $26.99 $30.95 $27.80 $33.59 $16.26 $9.55 $8.14 $20.98
Tangible Book Value per Share		 $19.63 $8.76 $8.34 ($16.20) ($15.34) ($14.01) ($4.34) ($21.16) ($23.69) ($23.65) ($9.72)
Total Capital		 241 231 580 733 751 976 1,092 1,024 653 578 678
Total Debt		 0.00 0.00 285 387 348 611 644 816 529 469 392
Total Long-Term Debt		 0.00 0.00 238 251 264 611 478 814 526 344 388
Net Debt		 -214 -95 -88 282 288 361 235 342 357 361 311
Capital Expenditures (CapEx)		 7.24 32 8.04 15 -4.04 42 35 11 13 11 9.93
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -22 -21 -36 3.14 -18 15 15 35 12 16 15
Debt-free Net Working Capital (DFNWC)		 192 74 337 108 43 185 266 334 124 123 96
Net Working Capital (NWC)		 192 74 291 -28 -41 185 100 331 121 -2.01 92
Net Nonoperating Expense (NNE)		 3.58 4.04 9.45 44 47 44 -62 165 94 73 315
Net Nonoperating Obligations (NNO)		 -204 -87 -76 296 311 337 218 340 357 361 311
Total Depreciation and Amortization (D&A)		 3.20 6.43 29 45 80 90 97 53 30 27 24
Debt-free, Cash-free Net Working Capital to Revenue		 -8.64% -5.54% -5.75% 0.41% -1.59% 1.60% 1.33% 3.55% 1.77% 1.81% 1.35%
Debt-free Net Working Capital to Revenue		 75.35% 19.23% 54.57% 14.16% 3.86% 20.28% 24.21% 33.90% 18.44% 13.65% 8.61%
Net Working Capital to Revenue		 75.35% 19.23% 47.03% -3.63% -3.73% 20.28% 9.10% 33.65% 17.97% -0.22% 8.26%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.17 $2.33 $1.30 $7.72 $1.39 ($3.71) $5.24 ($14.69) ($9.46) ($3.14) $11.14
Adjusted Weighted Average Basic Shares Outstanding		 11.52M 11.81M 11.95M 12.50M 12.83M 13.01M 13.20M 12.79M 12.94M 13.27M 13.58M
Adjusted Diluted Earnings per Share		 $3.83 $2.15 $1.14 $6.85 $1.22 ($3.71) $5.05 ($14.69) ($9.46) ($3.14) $10.78
Adjusted Weighted Average Diluted Shares Outstanding		 12.54M 12.77M 13.68M 14.10M 14.62M 13.01M 13.70M 12.79M 12.94M 13.27M 14.06M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 11.88M 11.84M 12.24M 12.83M 13.05M 13.13M 12.97M 12.81M 12.94M 13.39M 13.86M
Normalized Net Operating Profit after Tax (NOPAT)		 20 32 44 48 56 -1.35 0.20 -20 5.95 34 57
Normalized NOPAT Margin		 7.80% 8.24% 7.11% 6.33% 5.06% -0.15% 0.02% -2.01% 0.88% 3.80% 5.14%
Pre Tax Income Margin		 11.15% 13.42% 4.16% 5.72% 2.80% -4.67% 7.69% -5.58% -18.58% -4.15% 1.88%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 166.75 92.93 4.66 4.52 2.53 -0.17 2.80 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 301.90 56.21 3.56 11.29 3.19 -0.13 0.15 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 124.43 35.97 3.51 3.32 2.73 -1.33 2.05 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 259.58 -0.75 2.42 10.09 3.39 -1.29 -0.60 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.27% 0.00% 0.00% 0.52% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 16.57% 191.35% 127.75% 97.62% 30.68% 0.00% 57.89% -22.88% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for LendingTree

This table displays calculated financial ratios and metrics derived from LendingTree's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - 13,393,620.00 13,535,183.00 13,620,161.00 13,670,696.00 13,855,792.00
DEI Adjusted Shares Outstanding		 - - - - - - 13,393,620.00 13,535,183.00 13,620,161.00 13,670,696.00 13,855,792.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - -0.92 0.65 0.75 10.58 1.25
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -34.75% -33.51% -16.33% 15.17% 68.05% 94.65% 42.89% 19.02% 18.02% 22.24% 36.52%
EBITDA Growth		 -3,141.11% 92.09% 731.30% 29.87% 70.02% 197.48% -96.94% 56.46% 186.26% 11.36% 8,044.01%
EBIT Growth		 -749.72% 145.59% 173.48% 50.87% 67.24% 687.62% -169.66% 99.00% 162.14% 19.80% 650.31%
NOPAT Growth		 -82.99% 95.84% 136.64% 215.97% 129.18% 6,979.40% -207.46% 118.65% 263.29% 1,519.64% 571.07%
Net Income Growth		 6.44% 222.25% -92.45% 6,840.87% 60.95% -40.99% -1,318.01% 14.32% 117.53% 1,827.20% 239.52%
EPS Growth		 8.12% 220.51% -92.31% 5,900.00% 62.03% -42.55% -1,250.00% 12.07% 116.82% 1,811.11% 232.61%
Operating Cash Flow Growth		 80.55% 25.44% -56.61% -132.80% 145.06% -22.24% -103.68% 665.51% -36.29% 1.80% 5,600.95%
Free Cash Flow Firm Growth		 -68.77% -41.16% -67.30% -76.79% -21.36% -61.15% -73.37% 50.92% 11.49% 328.62% -958.57%
Invested Capital Growth		 -11.91% -12.21% -8.84% -6.01% -5.45% -2.32% -3.86% -8.58% -2.69% 27.21% 30.34%
Revenue Q/Q Growth		 -14.94% -13.43% 24.87% 25.26% 24.10% 0.28% -8.33% 4.33% 23.06% 3.86% 2.37%
EBITDA Q/Q Growth		 -1,113.49% 106.31% 74.27% 16.61% -333.99% 162.56% -98.21% 5,857.30% 29.01% -19.24% 31.22%
EBIT Q/Q Growth		 -2,154.76% 101.67% 238.96% 29.54% -546.20% 140.20% -129.98% 470.08% 39.33% -22.50% 37.71%
NOPAT Q/Q Growth		 -250.43% 99.10% 2,260.89% 70.04% -11.82% 112.32% -133.75% 445.98% 46.52% 846.56% -90.18%
Net Income Q/Q Growth		 -129,000.00% 108.57% -92.01% 662.99% -847.91% 112.95% -264.87% 171.61% 14.70% 1,323.08% -88.06%
EPS Q/Q Growth		 -114,200.00% 108.22% -91.49% 625.00% -848.28% 112.44% -270.37% 170.65% 12.31% 1,313.70% -88.18%
Operating Cash Flow Q/Q Growth		 22.56% 13.06% -76.29% -186.60% 1,015.58% -64.12% -101.29% 13,410.95% 3.14% -42.67% -30.11%
Free Cash Flow Firm Q/Q Growth		 -74.92% 54.59% -22.20% -23.03% -15.05% -23.63% -46.67% 336.18% -37.24% 193.62% -206.82%
Invested Capital Q/Q Growth		 -7.20% -2.92% 1.28% 3.02% -6.65% 0.29% -0.31% -2.04% -0.63% 31.10% 2.15%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 95.12% 93.95% 94.91% 96.00% 96.41% 96.27% 95.87% 95.99% 96.42% 96.38% 96.43%
EBITDA Margin		 -87.88% 6.40% 8.93% 8.32% -15.68% 9.78% 0.19% 10.93% 11.46% 8.91% 11.42%
Operating Margin		 -21.90% -0.16% 4.28% 4.56% 3.80% 6.86% -2.97% 8.37% 9.35% 6.95% 9.51%
EBIT Margin		 -93.37% 1.80% 4.90% 5.06% -18.20% 7.30% -2.39% 8.46% 9.58% 7.15% 9.62%
Profit (Net Income) Margin		 -95.67% 9.47% 0.61% 3.69% -22.23% 2.87% -5.16% 3.54% 3.30% 45.25% 5.28%
Tax Burden Percent		 97.68% 96.97% 64.51% 82.14% 100.78% 82.18% 83.59% 82.28% 87.70% 1,074.07% 75.34%
Interest Burden Percent		 104.90% 541.31% 19.18% 88.71% 121.19% 47.86% 258.78% 50.87% 39.29% 58.91% 72.79%
Effective Tax Rate		 0.00% 3.03% 35.49% 17.86% 0.00% 17.82% 0.00% 17.72% 12.30% -974.07% 24.66%
Return on Invested Capital (ROIC)		 -21.47% -0.21% 3.46% 4.83% 4.27% 10.68% -4.23% 14.51% 18.79% 156.44% 16.01%
ROIC Less NNEP Spread (ROIC-NNEP)		 -54.79% 3.51% 2.36% 4.79% -12.67% 8.66% -6.28% 12.11% 14.47% 128.40% 14.16%
Return on Net Nonoperating Assets (RNNOA)		 -132.63% 7.35% 4.29% 8.01% -49.31% 26.68% -19.22% 31.95% 44.52% 217.88% 23.22%
Return on Equity (ROE)		 -154.09% 7.14% 7.75% 12.84% -45.04% 37.36% -23.45% 46.47% 63.31% 374.32% 39.23%
Cash Return on Invested Capital (CROIC)		 6.34% 7.48% 6.45% 3.83% 9.44% 8.92% 8.38% 15.04% 13.84% 63.49% 32.52%
Operating Return on Assets (OROA)		 -65.97% 1.21% 3.18% 3.67% -16.83% 8.37% -2.72% 10.46% 13.12% 9.84% 14.13%
Return on Assets (ROA)		 -67.59% 6.36% 0.39% 2.67% -20.56% 3.29% -5.89% 4.38% 4.52% 62.29% 7.75%
Return on Common Equity (ROCE)		 -154.09% 7.14% 7.75% 12.84% -45.04% 37.36% -23.45% 46.47% 63.31% 374.32% 39.23%
Return on Equity Simple (ROE_SIMPLE)		 -141.81% 0.00% -102.53% -87.08% -38.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -24 -0.21 4.63 7.87 6.94 15 -4.98 17 25 239 23
NOPAT Margin		 -15.33% -0.16% 2.76% 3.75% 2.66% 5.64% -2.08% 6.88% 8.20% 74.69% 7.16%
Net Nonoperating Expense Percent (NNEP)		 33.32% -3.71% 1.10% 0.04% 16.94% 2.02% 2.06% 2.40% 4.32% 28.04% 1.84%
Return On Investment Capital (ROIC_SIMPLE)		 - -0.03% - - - 2.55% -0.83% 2.83% 4.81% 35.20% 3.37%
Cost of Revenue to Revenue		 4.88% 6.05% 5.09% 4.00% 3.59% 3.73% 4.13% 4.01% 3.58% 3.62% 3.57%
SG&A Expenses to Revenue		 17.00% 18.96% 15.38% 12.90% 10.23% 11.13% 12.79% 10.01% 8.52% 9.69% 8.55%
R&D to Revenue		 6.99% 8.26% 7.07% 4.94% 4.29% 4.95% 4.97% 4.59% 3.67% 3.31% 3.50%
Operating Expenses to Revenue		 117.03% 94.12% 90.63% 91.44% 92.60% 89.41% 98.83% 87.62% 87.07% 89.43% 86.92%
Earnings before Interest and Taxes (EBIT)		 -145 2.42 8.21 11 -47 19 -5.72 21 29 23 31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -136 8.60 15 17 -41 26 0.46 27 35 28 37
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.96 3.18 4.20 3.77 8.21 4.76 6.49 4.25 6.66 2.53 1.95
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.27 0.59 0.86 0.82 1.00 0.58 0.69 0.50 0.83 0.65 0.49
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 62.27 4.80 3.28
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.61% 20.85% 30.46%
Enterprise Value to Invested Capital (EV/IC)		 1.20 1.56 1.86 1.81 2.45 1.87 2.22 1.84 2.64 1.73 1.47
Enterprise Value to Revenue (EV/Rev)		 0.80 1.12 1.42 1.36 1.49 0.98 1.07 0.83 1.14 0.93 0.75
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 6,754.21 51.22 395.77 67.52 13.59 11.32 7.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.82 15.28 8.57
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 61.98 28.12 48.92 28.91 23.47 2.22 2.83
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.37 11.11 14.33 20.91 16.38 14.11 18.44 9.45 16.55 14.18 10.60
Enterprise Value to Free Cash Flow (EV/FCFF)		 17.72 19.52 27.55 45.67 25.24 20.72 25.95 11.68 18.85 3.06 5.13
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 6.12 4.26 4.91 3.31 5.01 4.31 4.76 4.16 2.96 1.37 1.28
Long-Term Debt to Equity		 6.10 4.23 4.80 3.21 3.67 3.16 3.74 3.26 2.93 1.35 1.27
Financial Leverage		 2.42 2.10 1.82 1.67 3.89 3.08 3.06 2.64 3.08 1.70 1.64
Leverage Ratio		 6.78 6.03 5.43 4.75 8.49 6.74 7.24 6.21 6.83 4.10 4.02
Compound Leverage Factor		 7.11 32.64 1.04 4.22 10.29 3.23 18.74 3.16 2.68 2.42 2.92
Debt to Total Capital		 85.96% 80.99% 83.09% 76.80% 83.37% 81.17% 82.64% 80.62% 74.77% 57.73% 56.20%
Short-Term Debt to Total Capital		 0.34% 0.48% 1.92% 2.37% 22.28% 21.62% 17.75% 17.42% 0.75% 0.58% 0.56%
Long-Term Debt to Total Capital		 85.62% 80.51% 81.17% 74.43% 61.09% 59.55% 64.89% 63.20% 74.02% 57.15% 55.63%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 14.04% 19.01% 16.91% 23.20% 16.63% 18.83% 17.36% 19.38% 25.23% 42.27% 43.80%
Debt to EBITDA		 -5.20 -4.53 -6.51 -5.06 2,779.23 27.35 188.07 39.33 4.42 4.28 3.04
Net Debt to EBITDA		 -3.25 -3.06 -3.58 -3.73 2,199.89 21.03 139.28 27.35 3.65 3.39 2.38
Long-Term Debt to EBITDA		 -5.18 -4.50 -6.36 -4.91 2,036.49 20.06 147.68 30.83 4.38 4.23 3.01
Debt to NOPAT		 -18.80 -18.60 -45.21 -39.52 25.50 15.02 23.25 16.84 7.64 0.84 1.23
Net Debt to NOPAT		 -11.75 -12.54 -24.86 -29.13 20.19 11.55 17.21 11.71 6.30 0.67 0.96
Long-Term Debt to NOPAT		 -18.72 -18.49 -44.17 -38.30 18.69 11.02 18.25 13.20 7.56 0.83 1.22
Altman Z-Score		 -0.63 -0.08 0.18 0.07 -0.16 0.12 0.28 0.32 0.88 1.10 1.16
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.76 2.60 3.71 1.82 0.92 0.99 1.20 1.22 1.43 1.67 1.89
Quick Ratio		 3.38 2.21 3.35 1.54 0.82 0.85 1.00 1.06 1.21 1.39 1.57
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 43 67 52 40 34 26 14 60 38 111 -119
Operating Cash Flow to CapEx		 363.90% 803.04% 207.87% -181.06% 1,548.84% 575.34% -6.15% 1,018.70% 883.06% 550.93% 417.04%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 7.81 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.71 0.67 0.65 0.73 0.92 1.15 1.14 1.24 1.37 1.38 1.47
Accounts Receivable Turnover		 9.21 9.75 8.71 7.28 8.15 11.79 13.09 8.65 7.71 10.72 11.89
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 12.44 12.27 12.10 12.97 15.63 19.31 21.88 23.69 26.94 29.55 33.47
Accounts Payable Turnover		 14.38 19.43 8.86 10.51 1.37 6.99 8.19 1.77 0.81 5.63 6.41
Days Sales Outstanding (DSO)		 39.61 37.45 41.93 50.15 44.76 30.97 27.89 42.17 47.33 34.03 30.71
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 25.39 18.79 41.19 34.74 266.72 52.21 44.56 206.29 452.21 64.78 56.97
Cash Conversion Cycle (CCC)		 14.23 18.67 0.74 15.41 -221.96 -21.25 -16.67 -164.11 -404.88 -30.75 -26.27
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 495 481 487 502 468 470 468 459 456 597 610
Invested Capital Turnover		 1.40 1.31 1.25 1.29 1.60 1.89 2.04 2.11 2.29 2.09 2.23
Increase / (Decrease) in Invested Capital		 -67 -67 -47 -32 -27 -11 -19 -43 -13 128 142
Enterprise Value (EV)		 594 751 908 906 1,148 879 1,039 843 1,205 1,036 900
Market Capitalization		 201 394 552 550 774 518 673 502 882 726 594
Book Value per Share		 $7.91 $9.55 $10.08 $11.03 $7.06 $8.14 $7.75 $8.73 $9.72 $20.98 $21.99
Tangible Book Value per Share		 ($25.53) ($23.69) ($22.94) ($21.43) ($24.99) ($23.65) ($23.87) ($22.47) ($21.18) ($9.72) ($8.20)
Total Capital		 731 653 778 628 567 578 597 609 525 678 696
Total Debt		 628 529 646 483 472 469 494 491 392 392 391
Total Long-Term Debt		 626 526 631 468 346 344 388 385 388 388 387
Net Debt		 393 357 355 356 374 361 366 342 323 311 305
Capital Expenditures (CapEx)		 5.08 2.60 2.75 2.73 2.92 2.82 3.41 2.74 3.27 3.00 2.77
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 23 12 22 41 9.00 16 22 15 13 15 33
Debt-free Net Working Capital (DFNWC)		 198 124 253 108 106 123 148 165 82 96 119
Net Working Capital (NWC)		 196 121 238 93 -20 -2.01 42 58 78 92 115
Net Nonoperating Expense (NNE)		 125 -13 3.62 0.12 65 7.24 7.40 8.36 15 94 6.18
Net Nonoperating Obligations (NNO)		 393 357 355 356 374 361 364 340 323 311 305
Total Depreciation and Amortization (D&A)		 8.52 6.18 6.77 6.84 6.58 6.50 6.18 6.17 5.78 5.63 5.90
Debt-free, Cash-free Net Working Capital to Revenue		 3.07% 1.77% 3.46% 6.14% 1.16% 1.81% 2.22% 1.53% 1.25% 1.35% 2.78%
Debt-free Net Working Capital to Revenue		 26.79% 18.44% 39.53% 16.14% 13.68% 13.65% 15.22% 16.26% 7.73% 8.61% 9.88%
Net Working Capital to Revenue		 26.46% 17.97% 37.20% 13.91% -2.65% -0.22% 4.31% 5.77% 7.35% 8.26% 9.55%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($11.43) $0.93 $0.08 $0.58 ($4.34) $0.54 ($0.92) $0.65 $0.75 $10.66 $1.25
Adjusted Weighted Average Basic Shares Outstanding		 12.99M 12.94M 13.10M 13.26M 13.35M 13.27M 13.44M 13.55M 13.62M 13.58M 13.82M
Adjusted Diluted Earnings per Share		 ($11.43) $0.94 $0.08 $0.58 ($4.34) $0.54 ($0.92) $0.65 $0.73 $10.32 $1.22
Adjusted Weighted Average Diluted Shares Outstanding		 12.99M 12.94M 13.28M 13.41M 13.35M 13.27M 13.44M 13.65M 13.99M 14.06M 14.14M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 13.00M 12.94M 13.28M 13.34M 13.36M 13.39M 13.54M 13.62M 13.67M 13.86M 13.95M
Normalized Net Operating Profit after Tax (NOPAT)		 4.49 -0.03 4.67 8.03 9.77 15 6.23 18 25 16 24
Normalized NOPAT Margin		 2.89% -0.02% 2.78% 3.82% 3.75% 5.64% 2.60% 7.00% 8.24% 5.04% 7.38%
Pre Tax Income Margin		 -97.95% 9.76% 0.94% 4.49% -22.06% 3.49% -6.18% 4.31% 3.77% 4.21% 7.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 1.24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

LendingTree’s latest quarter shows a sharp improvement in profitability and cash generation versus the prior year, but the balance sheet remains heavily leveraged and the business is still highly sensitive to financing and interest costs.

  • Revenue growth returned. Q1 2026 revenue rose to $327.3 million from $239.7 million in Q1 2025, a strong year-over-year increase.
  • Operating income rebounded meaningfully. Operating income improved to $31.1 million in Q1 2026 from an operating loss of $7.1 million in Q1 2025.
  • Net income turned positive again. The company earned $17.3 million in Q1 2026 versus a $12.4 million loss in Q1 2025.
  • Cash from operations was solid. Operating cash flow was $11.6 million in Q1 2026, showing the business is still converting earnings into cash despite working-capital swings.
  • Liquidity improved from the prior quarter. Cash and equivalents increased to $85.5 million at March 31, 2026 from $68.6 million at September 30, 2025.
  • Equity base improved. Total common equity rose to $304.7 million in Q1 2026 from $132.4 million in Q3 2025, helped by strong earnings and balance-sheet changes.
  • Gross margin remains very strong. Q1 2026 gross profit was $315.6 million on $327.3 million of revenue, indicating a high-margin model.
  • Marketing remains the biggest expense line. Marketing expense was $238.6 million in Q1 2026, still consuming most of gross profit and underscoring the company’s dependence on customer acquisition efficiency.
  • Interest costs remain a major drag. Cash interest paid was $8.0 million in Q1 2026, and the income statement still shows negative interest and investment income, indicating a meaningful financing burden.
  • Leverage is still high. As of Q1 2026, LendingTree carried $390.9 million of short- and long-term debt against $85.5 million of cash.
  • Working capital was a cash outflow in the quarter. Changes in operating assets and liabilities reduced operating cash flow by $16.0 million, which can pressure cash generation in some periods.
  • Past quarters were much weaker. In 2024 and early 2025, LendingTree posted large losses at times, including a Q3 2024 net loss of $57.9 million and a Q1 2025 loss of $12.4 million, showing earnings can be volatile.

Bottom line: LendingTree has clearly improved from a difficult stretch in 2024 and early 2025, with better revenue, a return to profitability, and positive operating cash flow in Q1 2026. Still, investors should watch debt levels, interest expense, and marketing efficiency closely, because those factors can quickly swing results.

07/21/26 08:15 PM ETAI Generated. May Contain Errors.

LendingTree Financials - Frequently Asked Questions

According to the most recent income statement we have on file, LendingTree's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

LendingTree's net income appears to be on a downward trend, with a most recent value of $151.31 million in 2025, rising from $48.05 million in 2015. The previous period was -$41.70 million in 2024. See where experts think LendingTree is headed by visiting LendingTree's forecast page.

LendingTree's total operating income in 2025 was $64.81 million, based on the following breakdown:
  • Total Gross Profit: $1.07 billion
  • Total Operating Expenses: $1.01 billion

Over the last 10 years, LendingTree's total revenue changed from $254.22 million in 2015 to $1.12 billion in 2025, a change of 339.5%.

LendingTree's total liabilities were at $568.90 million at the end of 2025, a 13.7% decrease from 2024, and a 941.2% increase since 2015.

In the past 10 years, LendingTree's cash and equivalents has ranged from $60.24 million in 2019 to $368.55 million in 2017, and is currently $81.07 million as of their latest financial filing in 2025.

Over the last 10 years, LendingTree's book value per share changed from 20.90 in 2015 to 20.98 in 2025, a change of 0.4%.


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Financial statements for NASDAQ:TREE last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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