loanDepot (LDI) Financials

$1.25 -0.01 (-0.40%)

Closing price 05/22/2026 03:59 PM Eastern

Extended Trading

$1.26 +0.02 (+1.29%)

As of 05/22/2026 07:45 PM Eastern

Annual Income Statements for loanDepot

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

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-273	-110	-98
Consolidated Net Income / (Loss)	-610	-236	-202
Net Income / (Loss) Continuing Operations	-610	-236	-202
Total Pre-Tax Income	-690	-278	-243
Total Operating Income	-294	138	238
Total Gross Profit	501	643	752
Total Revenue	1,528	1,216	1,353
Operating Revenue	1,528	1,216	1,353
Total Cost of Revenue	1,027	573	600
Operating Cost of Revenue	1,027	573	600
Total Operating Expenses	795	505	514
Selling, General & Admin Expense	266	213	204
Marketing Expense	237	133	133
Depreciation Expense	42	41	36
Other Operating Expenses / (Income)	209	118	141
Impairment Charge	41	0.00	0.00
Total Other Income / (Expense), net	-396	-416	-481
Interest Expense	275	304	336
Other Income / (Expense), net	-121	-112	-145
Income Tax Expense	-80	-43	-41
Net Income / (Loss) Attributable to Noncontrolling Interest	-337	-125	-104
Basic Earnings per Share	($1.75)	($0.63)	($0.53)
Weighted Average Basic Shares Outstanding	156.03M	174.91M	185.64M
Diluted Earnings per Share	($1.75)	($0.63)	($0.53)
Weighted Average Diluted Shares Outstanding	156.03M	174.91M	185.64M
Weighted Average Basic & Diluted Shares Outstanding	316.46M	323.09M	328.28M

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-60	-77	-43	-23	-17	-27	-34	-32	1.37	-33
Consolidated Net Income / (Loss)	-137	-158	-92	-50	-34	-60	-72	-66	2.67	-67
Net Income / (Loss) Continuing Operations	-137	-158	-92	-50	-34	-60	-72	-66	2.67	-67
Total Pre-Tax Income	-161	-174	-107	-58	-39	-74	-85	-77	3.60	-84
Total Operating Income	-81	-14	-26	12	33	119	-8.23	19	100	127
Total Gross Profit	135	40	147	185	197	114	165	221	249	117
Total Revenue	274	359	208	272	266	470	223	265	315	550
Operating Revenue	354	205	288	342	338	247	300	362	411	280
Total Cost of Revenue	219	166	141	158	141	133	134	141	161	164
Operating Cost of Revenue	219	166	141	158	141	133	134	141	161	164
Total Operating Expenses	216	54	173	172	164	-4.29	174	202	150	-11
Selling, General & Admin Expense	83	69	56	55	47	55	58	73	23	50
Marketing Expense	43	32	36	35	34	28	28	31	36	37
Depreciation Expense	10	10	10	11	11	9.92	9.44	8.96	8.93	8.78
Other Operating Expenses / (Income)	80	-56	71	72	73	-98	78	88	81	-107
Total Other Income / (Expense), net	-80	-160	-80	-70	-72	-192	-77	-96	-96	-211
Interest Expense	41	154	28	32	37	208	32	36	39	229
Other Income / (Expense), net	-38	-5.92	-53	-38	-36	15	-45	-61	-57	18
Income Tax Expense	-23	-16	-15	-8.56	-5.21	-14	-14	-11	0.92	-17
Net Income / (Loss) Attributable to Noncontrolling Interest	-77	-80	-49	-26	-18	-33	-37	-34	1.30	-34
Basic Earnings per Share	($0.37)	($0.47)	($0.25)	($0.13)	($0.09)	($0.16)	($0.19)	($0.18)	$0.01	($0.17)
Weighted Average Basic Shares Outstanding	162.46M	156.03M	170.81M	173.91M	175.96M	174.91M	181.41M	182.32M	185.39M	185.64M
Diluted Earnings per Share	($0.37)	($0.47)	($0.25)	($0.13)	($0.09)	($0.16)	($0.19)	($0.18)	$0.01	($0.17)
Weighted Average Diluted Shares Outstanding	162.46M	156.03M	170.81M	173.91M	175.96M	174.91M	324.68M	182.32M	332.53M	185.64M
Weighted Average Basic & Diluted Shares Outstanding	314.43M	316.46M	317.90M	319.42M	321.07M	323.09M	323.59M	325.15M	327.00M	328.28M

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

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	360	-235	-219
Net Cash From Operating Activities	4,461	-174	-865
Net Cash From Continuing Operating Activities	4,461	-174	-865
Net Income / (Loss) Continuing Operations	-610	-236	-202
Consolidated Net Income / (Loss)	-610	-236	-202
Depreciation Expense	42	41	36
Amortization Expense	36	22	29
Non-Cash Adjustments To Reconcile Net Income	5,205	58	-715
Changes in Operating Assets and Liabilities, net	-212	-60	-13
Net Cash From Investing Activities	668	166	495
Net Cash From Continuing Investing Activities	668	166	495
Purchase of Property, Plant & Equipment	-43	-21	-26
Acquisitions	-0.33	0.00	-0.23
Sale and/or Maturity of Investments	7.48	5.58	6.34
Other Investing Activities, net	704	181	515
Net Cash From Financing Activities	-4,769	-226	152
Net Cash From Continuing Financing Activities	-4,769	-226	152
Repayment of Debt	-64,788	-21,138	-23,285
Payment of Dividends	-120	-6.19	-7.11
Issuance of Debt	60,139	20,918	23,444
Cash Interest Paid	254	322	306
Cash Income Taxes Paid	27	-8.87	9.02

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	155	-324	-92	-108	52	-86	-68	-47	-53	-51
Net Cash From Operating Activities	1,744	46	205	-337	163	-205	-279	-278	-349	41
Net Cash From Continuing Operating Activities	1,744	46	205	-337	163	-205	-279	-279	-349	41
Net Income / (Loss) Continuing Operations	-137	-158	-92	-50	-34	-60	-72	-66	2.67	-67
Consolidated Net Income / (Loss)	-137	-158	-92	-50	-34	-60	-72	-66	2.67	-67
Depreciation Expense	10	10	10	11	11	9.92	9.44	8.96	8.93	8.78
Amortization Expense	11	5.99	5.24	4.98	4.97	6.37	5.04	6.13	8.96	8.67
Non-Cash Adjustments To Reconcile Net Income	1,620	581	256	-251	69	-15	-171	-222	-391	70
Changes in Operating Assets and Liabilities, net	241	-394	26	-52	113	-147	-50	-5.39	22	21
Net Cash From Investing Activities	295	9.89	6.92	81	71	6.67	52	436	-28	35
Net Cash From Continuing Investing Activities	295	9.89	6.92	81	71	6.67	52	434	-26	35
Purchase of Property, Plant & Equipment	-8.77	-5.60	-6.28	-5.27	-4.77	-4.30	-4.76	-7.43	-7.28	-6.92
Sale and/or Maturity of Investments	1.79	1.59	1.17	1.30	1.67	1.44	0.68	2.41	1.77	1.49
Other Investing Activities, net	302	14	12	85	74	9.52	56	439	-21	41
Net Cash From Financing Activities	-1,884	-380	-305	148	-183	113	159	-205	325	-127
Net Cash From Continuing Financing Activities	-1,884	-380	-305	148	-183	113	159	-205	325	-127
Repayment of Debt	-11,456	-6,323	-4,889	-5,717	-5,666	-4,866	-4,697	-6,199	-6,101	-6,288
Payment of Dividends	-1.94	-0.42	-1.23	-2.48	-0.87	-1.60	-1.34	-1.03	-2.77	-1.98
Issuance of Debt	9,574	5,943	4,586	5,868	5,484	4,980	4,857	5,995	6,428	6,163
Cash Interest Paid	58	76	58	104	61	98	58	94	64	90
Cash Income Taxes Paid	-0.37	2.87	-3.47	-0.05	-0.34	-5.01	0.02	-0.02	4.91	4.12

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

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	6,610	6,151	6,344
Total Current Assets	981	2,972	527
Cash & Equivalents	864	661	422
Restricted Cash	117	85	106
Plant, Property, & Equipment, net	93	71	61
Total Noncurrent Assets	5,537	3,108	5,756
Long-Term Investments	20	20	18
Other Noncurrent Operating Assets	5,516	3,088	5,738
Total Liabilities & Shareholders' Equity	6,610	6,151	6,344
Total Liabilities	5,688	5,447	5,837
Total Current Liabilities	489	1,176	379
Accounts Payable	489	380	379
Total Noncurrent Liabilities	5,200	4,270	5,458
Long-Term Debt	4,436	4,221	4,404
Other Noncurrent Operating Liabilities	764	49	1,054
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	921	704	507
Total Preferred & Common Equity	433	353	273
Preferred Stock	0.00	0.00	0.00
Total Common Equity	433	353	273
Common Stock	789	821	844
Retained Earnings	-342	-452	-551
Treasury Stock	-13	-16	-20
Noncontrolling Interest	488	351	234

This table presents loanDepot'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
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	7,379	6,191	6,204	6,079	6,193	5,943	6,418
Total Current Assets	1,529	1,127	979	3,168	3,042	631	579
Cash & Equivalents	1,144	798	719	717	604	533	483
Restricted Cash	161	90	61	115	74	98	96
Plant, Property, & Equipment, net	99	89	83	77	66	65	63
Total Noncurrent Assets	5,751	4,974	5,142	2,834	3,085	5,247	5,776
Long-Term Investments	20	18	18	19	18	138	18
Other Noncurrent Operating Assets	5,731	4,956	5,124	2,815	3,067	5,109	5,758
Total Liabilities & Shareholders' Equity	7,379	6,191	6,204	6,079	6,193	5,943	6,418
Total Liabilities	6,300	5,350	5,406	5,310	5,556	5,364	5,826
Total Current Liabilities	716	450	407	1,152	1,127	375	382
Accounts Payable	716	450	407	463	367	375	382
Total Noncurrent Liabilities	5,584	4,900	4,999	4,158	4,429	4,989	5,444
Long-Term Debt	4,813	4,134	4,286	4,104	4,383	4,189	4,523
Other Noncurrent Operating Liabilities	771	766	713	54	45	800	921
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,078	841	797	769	637	579	592
Total Preferred & Common Equity	500	404	389	379	322	295	311
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	500	404	389	379	322	295	311
Common Stock	778	803	813	819	825	831	848
Retained Earnings	-266	-385	-408	-425	-486	-518	-517
Treasury Stock	-13	-14	-15	-16	-17	-17	-19
Noncontrolling Interest	579	437	408	390	316	284	281

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

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	-63.90%	-20.41%	11.25%
EBITDA Growth	-135.25%	126.35%	77.95%
EBIT Growth	-146.90%	106.25%	258.63%
NOPAT Growth	-118.76%	146.78%	73.01%
Net Income Growth	-197.95%	61.42%	14.17%
EPS Growth	-301.15%	64.00%	15.87%
Operating Cash Flow Growth	404.35%	-103.91%	-396.75%
Free Cash Flow Firm Growth	-245.91%	173.51%	-185.20%
Invested Capital Growth	95.42%	-37.16%	59.46%
Revenue Q/Q Growth	-29.51%	10.13%	24.23%
EBITDA Q/Q Growth	-34.89%	146.78%	656.16%
EBIT Q/Q Growth	-25.59%	110.28%	200.96%
NOPAT Q/Q Growth	-67.39%	215.21%	284.12%
Net Income Q/Q Growth	-39.39%	29.38%	-3.96%
EPS Q/Q Growth	-41.13%	32.98%	-1.92%
Operating Cash Flow Q/Q Growth	-10.93%	-326.15%	22.13%
Free Cash Flow Firm Q/Q Growth	-138.47%	-9.36%	27.59%
Invested Capital Q/Q Growth	-4.61%	5.66%	-3.39%
Profitability Metrics	-	-	-
Gross Margin	32.77%	52.87%	55.60%
EBITDA Margin	-22.05%	7.30%	11.68%
Operating Margin	-19.25%	11.32%	17.60%
EBIT Margin	-27.17%	2.13%	6.88%
Profit (Net Income) Margin	-39.96%	-19.37%	-14.95%
Tax Burden Percent	88.46%	84.62%	83.24%
Interest Burden Percent	166.25%	-1,072.89%	-261.05%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-6.25%	2.72%	4.69%
ROIC Less NNEP Spread (ROIC-NNEP)	-26.30%	-9.42%	-7.83%
Return on Net Nonoperating Assets (RNNOA)	-41.61%	-31.68%	-38.07%
Return on Equity (ROE)	-47.86%	-28.97%	-33.38%
Cash Return on Invested Capital (CROIC)	-70.85%	48.35%	-41.14%
Operating Return on Assets (OROA)	-4.51%	0.41%	1.49%
Return on Assets (ROA)	-6.63%	-3.69%	-3.24%
Return on Common Equity (ROCE)	-17.96%	-14.02%	-17.26%
Return on Equity Simple (ROE_SIMPLE)	-140.80%	-66.68%	-74.08%
Net Operating Profit after Tax (NOPAT)	-206	96	167
NOPAT Margin	-13.48%	7.92%	12.32%
Net Nonoperating Expense Percent (NNEP)	20.05%	12.14%	12.52%
Return On Investment Capital (ROIC_SIMPLE)	-3.84%	1.96%	3.39%
Cost of Revenue to Revenue	67.23%	47.13%	44.40%
SG&A Expenses to Revenue	17.39%	17.50%	15.10%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	52.02%	41.55%	38.01%
Earnings before Interest and Taxes (EBIT)	-415	26	93
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-337	89	158
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.20	3.20	2.44
Price to Tangible Book Value (P/TBV)	1.20	3.20	2.44
Price to Revenue (P/Rev)	0.34	0.93	0.49
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	56.48%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.02	1.80	1.09
Enterprise Value to Revenue (EV/Rev)	2.91	4.06	3.52
Enterprise Value to EBITDA (EV/EBITDA)	0.00	55.62	30.14
Enterprise Value to EBIT (EV/EBIT)	0.00	190.30	51.16
Enterprise Value to NOPAT (EV/NOPAT)	0.00	51.26	28.57
Enterprise Value to Operating Cash Flow (EV/OCF)	1.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.88	0.00
Leverage & Solvency	-	-	-
Debt to Equity	4.81	5.99	8.69
Long-Term Debt to Equity	4.81	5.99	8.69
Financial Leverage	1.58	3.36	4.87
Leverage Ratio	7.22	7.85	10.32
Compound Leverage Factor	12.01	-84.20	-26.93
Debt to Total Capital	82.80%	85.70%	89.68%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	82.80%	85.70%	89.68%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	9.11%	7.13%	4.76%
Common Equity to Total Capital	8.09%	7.17%	5.56%
Debt to EBITDA	-13.17	47.56	27.89
Net Debt to EBITDA	-10.20	38.93	24.43
Long-Term Debt to EBITDA	-13.17	47.56	27.89
Debt to NOPAT	-21.55	43.83	26.43
Net Debt to NOPAT	-16.69	35.87	23.16
Long-Term Debt to NOPAT	-21.55	43.83	26.43
Altman Z-Score	0.10	0.58	0.24
Noncontrolling Interest Sharing Ratio	62.48%	51.62%	48.31%
Liquidity Ratios	-	-	-
Current Ratio	2.01	2.53	1.39
Quick Ratio	1.77	0.56	1.11
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-2,333	1,715	-1,461
Operating Cash Flow to CapEx	10,323.17%	-845.21%	-3,279.85%
Free Cash Flow to Firm to Interest Expense	-8.49	5.64	-4.35
Operating Cash Flow to Interest Expense	16.22	-0.57	-2.58
Operating Cash Flow Less CapEx to Interest Expense	16.07	-0.64	-2.66
Efficiency Ratios	-	-	-
Asset Turnover	0.17	0.19	0.22
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	15.50	14.85	20.51
Accounts Payable Turnover	1.85	1.32	1.58
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	197.81	276.66	230.80
Cash Conversion Cycle (CCC)	-197.81	-276.66	-230.80
Capital & Investment Metrics	-	-	-
Invested Capital	4,356	2,738	4,366
Invested Capital Turnover	0.46	0.34	0.38
Increase / (Decrease) in Invested Capital	2,127	-1,619	1,628
Enterprise Value (EV)	4,442	4,936	4,760
Market Capitalization	519	1,130	667
Book Value per Share	$1.38	$1.10	$0.83
Tangible Book Value per Share	$1.38	$1.10	$0.83
Total Capital	5,357	4,926	4,911
Total Debt	4,436	4,221	4,404
Total Long-Term Debt	4,436	4,221	4,404
Net Debt	3,435	3,455	3,859
Capital Expenditures (CapEx)	43	21	26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-489	1,050	-379
Debt-free Net Working Capital (DFNWC)	492	1,796	148
Net Working Capital (NWC)	492	1,796	148
Net Nonoperating Expense (NNE)	405	332	369
Net Nonoperating Obligations (NNO)	3,435	2,033	3,859
Total Depreciation and Amortization (D&A)	78	63	65
Debt-free, Cash-free Net Working Capital to Revenue	-31.99%	86.37%	-28.05%
Debt-free Net Working Capital to Revenue	32.19%	147.72%	10.93%
Net Working Capital to Revenue	32.19%	147.72%	10.93%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.75)	($0.63)	($0.53)
Adjusted Weighted Average Basic Shares Outstanding	156.03M	174.91M	185.64M
Adjusted Diluted Earnings per Share	($1.75)	($0.63)	($0.53)
Adjusted Weighted Average Diluted Shares Outstanding	156.03M	174.91M	185.64M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	316.46M	323.09M	328.28M
Normalized Net Operating Profit after Tax (NOPAT)	-177	96	167
Normalized NOPAT Margin	-11.61%	7.92%	12.32%
Pre Tax Income Margin	-45.17%	-22.89%	-17.95%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-1.51	0.09	0.28
NOPAT to Interest Expense	-0.75	0.32	0.50
EBIT Less CapEx to Interest Expense	-1.67	0.02	0.20
NOPAT Less CapEx to Interest Expense	-0.91	0.25	0.42
Payout Ratios	-	-	-
Dividend Payout Ratio	-19.61%	-2.63%	-3.52%
Augmented Payout Ratio	-19.61%	-2.63%	-3.52%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-74.64%	-64.07%	-64.54%	-11.93%	-3.11%	31.19%	7.16%	-2.37%	18.42%	16.87%
EBITDA Growth	-139.09%	-105.16%	-48.95%	94.45%	113.03%	3,614.49%	38.68%	-148.59%	374.11%	8.15%
EBIT Growth	-150.70%	-131.68%	-25.12%	87.59%	97.74%	757.91%	32.19%	-57.61%	1,697.44%	8.27%
NOPAT Growth	-119.56%	-107.18%	-30.26%	106.81%	140.71%	921.82%	68.46%	58.82%	220.70%	7.40%
Net Income Growth	-189.11%	-1,170.89%	-0.44%	77.77%	75.08%	62.11%	22.04%	-32.34%	107.80%	-12.87%
EPS Growth	-192.50%	-1,275.00%	0.00%	80.30%	75.68%	65.96%	24.00%	-38.46%	111.11%	-6.25%
Operating Cash Flow Growth	724.83%	-92.27%	-82.12%	-122.16%	-90.64%	-548.19%	-235.63%	17.53%	-313.84%	119.75%
Free Cash Flow Firm Growth	158.59%	-432.73%	-571.24%	-121.11%	-67.40%	179.62%	171.22%	116.74%	-192.72%	-190.42%
Invested Capital Growth	-57.53%	95.42%	78.75%	72.55%	-43.26%	-37.16%	-31.84%	-6.69%	74.38%	59.46%
Revenue Q/Q Growth	-11.16%	30.77%	-42.02%	30.75%	-2.27%	77.07%	-22.10%	19.12%	18.54%	74.76%
EBITDA Q/Q Growth	48.40%	95.67%	50.42%	83.32%	221.14%	1,067.49%	-78.67%	32.36%	331.04%	166.31%
EBIT Q/Q Growth	43.65%	82.98%	45.37%	66.65%	89.75%	5,062.77%	-40.31%	22.48%	203.88%	236.37%
NOPAT Q/Q Growth	54.62%	82.21%	81.16%	146.61%	171.31%	259.23%	96.54%	334.69%	447.83%	20.31%
Net Income Q/Q Growth	38.58%	-14.75%	41.86%	45.75%	31.14%	-74.45%	-19.63%	7.90%	104.06%	-2,624.89%
EPS Q/Q Growth	43.94%	-27.03%	46.81%	48.00%	30.77%	-77.78%	-18.75%	5.26%	105.56%	-1,800.00%
Operating Cash Flow Q/Q Growth	14.55%	-97.37%	348.04%	-264.32%	148.39%	-225.80%	-35.59%	0.08%	-25.47%	111.62%
Free Cash Flow Firm Q/Q Growth	-27.83%	-134.86%	18.59%	0.98%	211.47%	-14.86%	-11.19%	-76.73%	-717.45%	16.98%
Invested Capital Q/Q Growth	83.91%	-4.61%	-6.61%	5.31%	-39.52%	5.66%	1.30%	44.16%	13.02%	-3.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	49.33%	11.05%	70.88%	67.88%	74.04%	24.28%	74.24%	83.21%	79.25%	21.19%
EBITDA Margin	-35.99%	-1.19%	-30.61%	-3.91%	4.84%	31.92%	-17.51%	-9.94%	19.38%	29.53%
Operating Margin	-29.56%	-4.02%	-12.55%	4.47%	12.42%	25.19%	-3.69%	7.28%	31.67%	23.15%
EBIT Margin	-43.59%	-5.67%	-37.95%	-9.68%	-1.02%	28.45%	-24.01%	-15.63%	13.69%	26.36%
Profit (Net Income) Margin	-50.14%	-44.00%	-44.12%	-18.31%	-12.90%	-12.71%	-32.10%	-24.81%	0.85%	-12.27%
Tax Burden Percent	85.43%	90.63%	86.06%	85.33%	86.81%	80.83%	83.96%	85.35%	74.33%	80.20%
Interest Burden Percent	134.64%	855.69%	135.09%	221.61%	1,463.37%	-55.24%	159.19%	186.04%	8.34%	-58.05%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	25.67%	0.00%
Return on Invested Capital (ROIC)	-5.85%	-1.31%	-3.18%	1.03%	2.68%	6.04%	-0.79%	1.28%	7.21%	6.17%
ROIC Less NNEP Spread (ROIC-NNEP)	-7.14%	-8.63%	-6.86%	-1.42%	0.52%	0.82%	-3.24%	-1.02%	4.73%	0.86%
Return on Net Nonoperating Assets (RNNOA)	-32.82%	-13.64%	-11.65%	-3.36%	1.50%	2.77%	-11.76%	-5.12%	19.97%	4.17%
Return on Equity (ROE)	-38.67%	-14.95%	-14.83%	-2.33%	4.18%	8.82%	-12.55%	-3.84%	27.18%	10.34%
Cash Return on Invested Capital (CROIC)	79.16%	-70.85%	-65.86%	-58.07%	52.86%	48.35%	33.71%	3.61%	-56.76%	-41.14%
Operating Return on Assets (OROA)	-9.39%	-0.94%	-5.18%	-1.40%	-0.17%	5.42%	-4.06%	-2.68%	2.39%	5.71%
Return on Assets (ROA)	-10.80%	-7.30%	-6.03%	-2.64%	-2.12%	-2.42%	-5.42%	-4.25%	0.15%	-2.66%
Return on Common Equity (ROCE)	-14.62%	-5.61%	-6.12%	-1.08%	1.99%	4.27%	-6.16%	-1.91%	13.79%	5.35%
Return on Equity Simple (ROE_SIMPLE)	-87.64%	0.00%	-151.23%	-112.16%	-87.96%	0.00%	-66.94%	-78.35%	-62.45%	0.00%
Net Operating Profit after Tax (NOPAT)	-57	-10	-18	8.51	23	83	-5.76	14	74	89
NOPAT Margin	-20.69%	-2.82%	-8.78%	3.13%	8.69%	17.64%	-2.59%	5.09%	23.54%	16.21%
Net Nonoperating Expense Percent (NNEP)	1.28%	7.32%	3.68%	2.45%	2.16%	5.22%	2.45%	2.30%	2.48%	5.31%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.19%	-	-	-	1.68%	-	-	-	1.81%
Cost of Revenue to Revenue	79.81%	46.19%	67.83%	58.05%	53.24%	28.22%	60.29%	53.14%	51.28%	29.79%
SG&A Expenses to Revenue	30.42%	19.13%	27.00%	20.17%	17.51%	11.75%	25.92%	27.57%	7.31%	9.16%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	78.89%	15.07%	83.43%	63.40%	61.62%	-0.91%	77.94%	75.93%	47.58%	-1.96%
Earnings before Interest and Taxes (EBIT)	-120	-20	-79	-26	-2.70	134	-53	-41	43	145
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-99	-4.27	-64	-11	13	150	-39	-26	61	162
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.83	1.20	1.26	1.73	1.45	3.20	2.60	1.81	2.85	2.44
Price to Tangible Book Value (P/TBV)	0.83	1.20	1.26	1.73	1.45	3.20	2.60	1.81	2.85	2.44
Price to Revenue (P/Rev)	0.19	0.34	0.44	0.61	0.50	0.93	0.80	0.51	0.82	0.49
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	70.61%	56.48%	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%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.98	1.02	1.03	1.07	1.62	1.80	1.75	1.06	1.13	1.09
Enterprise Value to Revenue (EV/Rev)	2.07	2.91	3.63	4.11	3.80	4.06	4.63	4.07	4.68	3.52
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	55.62	0.00	0.00	0.00	30.14
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	190.30	0.00	0.00	0.00	51.16
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	51.26	0.00	0.00	0.00	28.57
Enterprise Value to Operating Cash Flow (EV/OCF)	0.89	1.00	1.19	2.76	54.42	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.74	0.00	0.00	0.00	2.22	2.88	4.20	28.34	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.46	4.81	4.91	5.38	5.34	5.99	6.88	7.23	7.64	8.69
Long-Term Debt to Equity	4.46	4.81	4.91	5.38	5.34	5.99	6.88	7.23	7.64	8.69
Financial Leverage	4.60	1.58	1.70	2.37	2.87	3.36	3.63	5.02	4.22	4.87
Leverage Ratio	7.35	7.22	7.16	7.66	7.28	7.85	8.38	8.83	9.18	10.32
Compound Leverage Factor	9.90	61.80	9.67	16.97	106.59	-4.34	13.33	16.42	0.77	-5.99
Debt to Total Capital	81.69%	82.80%	83.09%	84.31%	84.22%	85.70%	87.31%	87.86%	88.43%	89.68%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	81.69%	82.80%	83.09%	84.31%	84.22%	85.70%	87.31%	87.86%	88.43%	89.68%
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%
Noncontrolling Interests to Total Capital	9.83%	9.11%	8.79%	8.03%	8.00%	7.13%	6.29%	5.95%	5.49%	4.76%
Common Equity to Total Capital	8.48%	8.09%	8.12%	7.66%	7.78%	7.17%	6.41%	6.19%	6.09%	5.56%
Debt to EBITDA	-19.27	-13.17	-8.58	-14.23	-21.63	47.56	-72.17	-54.75	-159.27	27.89
Net Debt to EBITDA	-13.97	-10.20	-6.70	-11.58	-17.15	38.93	-60.72	-44.69	-138.27	24.43
Long-Term Debt to EBITDA	-19.27	-13.17	-8.58	-14.23	-21.63	47.56	-72.17	-54.75	-159.27	27.89
Debt to NOPAT	-39.14	-21.55	-13.92	-26.23	-49.09	43.83	-30.84	-30.54	-49.98	26.43
Net Debt to NOPAT	-28.37	-16.69	-10.87	-21.34	-38.92	35.87	-25.94	-24.93	-43.39	23.16
Long-Term Debt to NOPAT	-39.14	-21.55	-13.92	-26.23	-49.09	43.83	-30.84	-30.54	-49.98	26.43
Altman Z-Score	0.36	0.29	0.25	0.26	0.54	0.64	0.49	0.14	0.21	0.26
Noncontrolling Interest Sharing Ratio	62.19%	62.48%	58.75%	53.56%	52.43%	51.62%	50.93%	50.25%	49.26%	48.31%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.13	2.01	2.51	2.40	2.75	2.53	2.70	1.68	1.52	1.39
Quick Ratio	1.75	1.77	2.00	1.93	0.67	0.56	0.54	1.42	1.27	1.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6,131	-2,137	-1,811	-1,793	1,999	1,702	1,290	300	-1,853	-1,539
Operating Cash Flow to CapEx	19,888.07%	818.74%	3,272.54%	-6,400.47%	3,423.14%	-4,782.72%	-5,846.41%	-3,747.02%	-4,797.58%	586.41%
Free Cash Flow to Firm to Interest Expense	148.05	-13.90	-65.40	-56.03	54.36	8.19	40.73	8.41	-46.93	-6.72
Operating Cash Flow to Interest Expense	42.12	0.30	7.42	-10.54	4.44	-0.99	-8.80	-7.80	-8.84	0.18
Operating Cash Flow Less CapEx to Interest Expense	41.91	0.26	7.19	-10.71	4.31	-1.01	-8.95	-8.01	-9.03	0.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.22	0.17	0.14	0.14	0.16	0.19	0.17	0.17	0.17	0.22
Accounts Receivable Turnover	24.58	0.00	10.67	13.88	13.62	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	21.40	15.50	11.67	11.46	12.57	14.85	13.50	14.12	15.58	20.51
Accounts Payable Turnover	0.00	1.85	1.31	1.30	1.03	1.32	1.39	1.40	1.35	1.58
Days Sales Outstanding (DSO)	14.85	0.00	34.20	26.30	26.80	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	197.81	278.41	280.59	355.00	276.66	263.32	259.92	270.52	230.80
Cash Conversion Cycle (CCC)	14.85	-197.81	-244.21	-254.28	-328.20	-276.66	-263.32	-259.92	-270.52	-230.80
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,567	4,356	4,069	4,285	2,591	2,738	2,773	3,998	4,519	4,366
Invested Capital Turnover	0.28	0.46	0.36	0.33	0.31	0.34	0.31	0.25	0.31	0.38
Increase / (Decrease) in Invested Capital	-6,187	2,127	1,792	1,802	-1,976	-1,619	-1,295	-287	1,927	1,628
Enterprise Value (EV)	4,481	4,442	4,174	4,569	4,192	4,936	4,840	4,237	5,095	4,760
Market Capitalization	414	519	509	674	549	1,130	837	534	888	667
Book Value per Share	$1.59	$1.38	$1.28	$1.22	$1.19	$1.10	$1.00	$0.91	$0.96	$0.83
Tangible Book Value per Share	$1.59	$1.38	$1.28	$1.22	$1.19	$1.10	$1.00	$0.91	$0.96	$0.83
Total Capital	5,892	5,357	4,975	5,083	4,873	4,926	5,021	4,767	5,115	4,911
Total Debt	4,813	4,436	4,134	4,286	4,104	4,221	4,383	4,189	4,523	4,404
Total Long-Term Debt	4,813	4,436	4,134	4,286	4,104	4,221	4,383	4,189	4,523	4,404
Net Debt	3,488	3,435	3,228	3,487	3,253	3,455	3,688	3,419	3,927	3,859
Capital Expenditures (CapEx)	8.77	5.60	6.28	5.27	4.77	4.30	4.76	7.43	7.28	6.92
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-492	-489	-210	-209	1,184	1,050	1,237	-375	-382	-379
Debt-free Net Working Capital (DFNWC)	813	492	678	571	2,016	1,796	1,915	256	197	148
Net Working Capital (NWC)	813	492	678	571	2,016	1,796	1,915	256	197	148
Net Nonoperating Expense (NNE)	81	148	73	58	57	143	66	79	71	157
Net Nonoperating Obligations (NNO)	3,488	3,435	3,228	3,487	1,822	2,033	2,136	3,419	3,927	3,859
Total Depreciation and Amortization (D&A)	21	16	15	16	16	16	14	15	18	17
Debt-free, Cash-free Net Working Capital to Revenue	-22.72%	-31.99%	-18.30%	-18.80%	107.24%	86.37%	118.22%	-36.09%	-35.04%	-28.05%
Debt-free Net Working Capital to Revenue	37.49%	32.19%	58.98%	51.35%	182.60%	147.72%	183.03%	24.61%	18.10%	10.93%
Net Working Capital to Revenue	37.49%	32.19%	58.98%	51.35%	182.60%	147.72%	183.03%	24.61%	18.10%	10.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.37)	($0.47)	($0.25)	($0.13)	($0.09)	($0.16)	($0.19)	($0.18)	$0.01	($0.17)
Adjusted Weighted Average Basic Shares Outstanding	162.46M	156.03M	170.81M	173.91M	175.96M	174.91M	181.41M	182.32M	185.39M	185.64M
Adjusted Diluted Earnings per Share	($0.37)	($0.47)	($0.25)	($0.13)	($0.09)	($0.16)	($0.19)	($0.18)	$0.01	($0.17)
Adjusted Weighted Average Diluted Shares Outstanding	162.46M	156.03M	170.81M	173.91M	175.96M	174.91M	324.68M	182.32M	332.53M	185.64M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	314.43M	316.46M	317.90M	319.42M	321.07M	323.09M	323.59M	325.15M	327.00M	328.28M
Normalized Net Operating Profit after Tax (NOPAT)	-57	-10	-18	8.51	23	83	-5.76	14	74	89
Normalized NOPAT Margin	-20.69%	-2.82%	-8.78%	3.13%	8.69%	17.64%	-2.59%	5.09%	23.54%	16.21%
Pre Tax Income Margin	-58.69%	-48.55%	-51.27%	-21.45%	-14.86%	-15.72%	-38.23%	-29.07%	1.14%	-15.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.89	-0.13	-2.85	-0.82	-0.07	0.64	-1.69	-1.16	1.09	0.63
NOPAT to Interest Expense	-1.37	-0.07	-0.66	0.27	0.63	0.40	-0.18	0.38	1.88	0.39
EBIT Less CapEx to Interest Expense	-3.10	-0.17	-3.08	-0.99	-0.20	0.62	-1.84	-1.37	0.91	0.60
NOPAT Less CapEx to Interest Expense	-1.58	-0.10	-0.89	0.10	0.50	0.38	-0.33	0.17	1.69	0.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-37.19%	-19.61%	-14.82%	-1.39%	-1.50%	-2.63%	-2.93%	-2.09%	-3.47%	-3.52%
Augmented Payout Ratio	-37.19%	-19.61%	-14.82%	-1.39%	-1.50%	-2.63%	-2.93%	-2.09%	-3.47%	-3.52%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, investor-focused read on loanDepot (NYSE: LDI) using the last four years of quarterly data provided (primarily 2024 and 2023 quarters, with earlier quarters for context). The focus is on trends in revenue, profitability, cash flow, and balance sheet leverage to help gauge the company’s momentum and capital structure.

Revenue momentum in Q4 2024: Total revenue reached $549,779,000, up from $470,409,000 in Q4 2023 (roughly a 17% year-over-year increase), signaling stronger top-line activity in the latest quarter.
Operating profitability in Q4 2024: Operating income was $127,288,000, indicating positive operating leverage despite industry headwinds and other cost pressures.
Improving operating cash flow in Q4 2024: Net cash from continuing operating activities improved to $40,562,000, marking a notable swing from negative cash flow in prior quarters and boosting liquidity indicators.
Investing cash flow remains constructive in Q4 2024: Net cash from investing activities was $35,174,000, reflecting net cash inflows from investing activities (e.g., asset sales and other investing activities) despite ongoing capital needs.
Near-term liquidity visibility: As of Q3 2024, current assets were about $578.6 million and current liabilities about $381.5 million, implying a workable working-capital buffer (roughly $197 million).
Leverage remains high: Long-term debt around $4.52 billion and total liabilities near $5.83 billion contrast with equity of about $0.59 billion, highlighting substantial leverage but a defined capital base.
Active debt financing activity: In Q4 2024, the company reported issuance of debt of about $6.16 billion, indicating access to debt markets and liquidity options, though it increases leverage risk over time.
Net income remains negative in recent quarters: Q4 2024 consolidated net income was negative at $67,465,000 (and net income attributable to common shareholders at $33,234,000 negative), underscoring ongoing earnings headwinds despite revenue growth.
Interest expense remains a primary drag: Interest expense in Q4 2024 was $229,041,000, a substantial drain relative to operating income and contributing to the overall net loss for the quarter.
Cash flow timing and financing pressure: Net cash from financing activities in Q4 2024 was negative at $-127,156,000, and the overall net change in cash for the quarter was $-51,420,000, indicating ongoing cash burn despite a large debt issuance and other financing activities.

05/24/26 10:35 PM ETAI Generated. May Contain Errors.

loanDepot Financials - Frequently Asked Questions

According to the most recent income statement we have on file, loanDepot's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

loanDepot's net income appears to be on a downward trend, with a most recent value of -$202.15 million in 2024, falling from -$610.39 million in 2022. The previous period was -$235.51 million in 2023. See where experts think loanDepot is headed by visiting loanDepot's forecast page.

loanDepot's total operating income in 2024 was $238.02 million, based on the following breakdown:

Total Gross Profit: $752.07 million
Total Operating Expenses: $514.05 million

Over the last 2 years, loanDepot's total revenue changed from $1.53 billion in 2022 to $1.35 billion in 2024, a change of -11.5%.

loanDepot's total liabilities were at $5.84 billion at the end of 2024, a 7.2% increase from 2023, and a 2.6% increase since 2022.

In the past 2 years, loanDepot's cash and equivalents has ranged from $421.58 million in 2024 to $863.96 million in 2022, and is currently $421.58 million as of their latest financial filing in 2024.

Over the last 2 years, loanDepot's book value per share changed from 1.38 in 2022 to 0.83 in 2024, a change of -39.5%.

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Financial statements for NYSE:LDI last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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loanDepot (LDI) Financials

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loanDepot Financials - Frequently Asked Questions

When does loanDepot's financial year end?

How has loanDepot's net income changed over the last 2 years?

What is loanDepot's operating income?

How has loanDepot's revenue changed over the last 2 years?

How much debt does loanDepot have?

How much cash does loanDepot have?

How has loanDepot's book value per share changed over the last 2 years?

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