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LendingTree, Inc., through its subsidiary, operates online consumer platform in the United States. The company operates through three segments: Home, Consumer, and Insurance. The Home segments offer purchase mortgage, refinance mortgage, and home equity loans and lines of credit. The Consumer segment provides credit cards; personal, small business, and auto loans; deposit accounts; and other credit products, such as debt settlement services. The Insurance segment includes information, tools, and access to insurance quote products, including automobile, home, life, and health and Medicare through which consumers are matched with insurance lead aggregators to obtain insurance offers and policies. This segment also offers QuoteWizard, a marketplace for insurance comparison; and ValuePenguin, a personal finance website that offers consumers objective analysis on various financial topics. The company was formerly known as Tree.com, Inc. and changed its name to LendingTree, Inc. in January 2015. LendingTree, Inc. was incorporated in 1996 and is based in Charlotte, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.1B | $104M | $151M | $61M | 52.8% | 24.1% | -462.8% |
| 2024 | $900M | $73M | $-42M | $51M | -38.3% | 33.9% | -65.9% |
| 2023 | $673M | $35M | $-122M | $55M | -98.6% | -31.7% | -34.9% |
| 2022 | $985M | $17M | $-188M | $32M | -90.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 984.99 | 672.50 | 900.22 | 1,117.32 |
| Operating Revenue | - | 984.56 | 672.30 | 900.02 | 1,117.01 |
| Cost Of Revenue | - | 57.77 | 38.76 | 36.07 | 42.52 |
| Gross Profit | - | 927.22 | 633.74 | 864.15 | 1,074.80 |
| Operating Expense | - | 955.58 | 625.25 | 815.22 | 992.69 |
| Research And Development | - | 55.55 | 47.20 | 46.36 | 45.25 |
| Selling General And Administration | - | 854.62 | 551.29 | 744.67 | 925.79 |
| Total Expenses | - | 1,013.34 | 664.01 | 851.29 | 1,035.22 |
| Operating Income | - | -28.35 | 8.49 | 48.93 | 82.11 |
| Total Operating Income As Reported | - | -32.76 | -40.61 | 44.63 | 64.81 |
| EBITDA | - | 17.05 | 35.26 | 73.12 | 103.76 |
| Normalized EBITDA | - | 21.46 | 84.36 | 77.43 | 121.05 |
| EBIT | - | -28.35 | 8.49 | 48.93 | 82.11 |
| Interest Expense | 46.87 | 26.01 | - | - | - |
| Net Interest Income | - | -26.01 | 21.68 | -27.85 | -46.79 |
| Other Non Operating Income Expenses | - | 3.84 | -105.99 | -54.16 | 3 |
| Other Income Expense | - | -0.57 | -155.10 | -58.47 | -14.30 |
| Interest Expense Non Operating | 46.87 | 26.01 | - | - | - |
| Net Non Operating Interest Income Expense | - | -26.01 | 21.68 | -27.85 | -46.79 |
| Pretax Income | - | -54.93 | -124.92 | -37.38 | 21.02 |
| Tax Provision | - | 133.02 | -2.52 | 4.32 | -130.28 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.93 | -0.99 | -0.90 | -3.63 |
| Net Income Continuous Operations | - | -187.95 | -122.40 | -41.70 | 151.31 |
| Net Income From Continuing And Discontinued Operation | - | -187.95 | -122.40 | -41.70 | 151.31 |
| Net Income From Continuing Operation Net Minority Interest | - | -187.95 | -122.40 | -41.70 | 151.31 |
| Net Income | - | -187.95 | -122.40 | -41.70 | 151.31 |
| Net Income Common Stockholders | - | -187.95 | -122.40 | -41.70 | 151.31 |
| Net Income Including Noncontrolling Interests | - | -187.95 | -122.40 | -41.70 | 151.31 |
| Normalized Income | - | -184.47 | -74.29 | -38.30 | 164.97 |
| Diluted NI Availto Com Stockholders | - | -187.95 | -122.40 | -41.70 | 151.31 |
| Basic Average Shares | - | 12.79 | 12.94 | 13.27 | 13.58 |
| Diluted Average Shares | - | 12.79 | 12.94 | 13.27 | 14.06 |
| Reconciled Depreciation | - | 45.40 | 26.76 | 24.19 | 21.65 |
| Reconciled Cost Of Revenue | - | 57.77 | 38.76 | 36.07 | 42.52 |
| Total Unusual Items | - | -4.41 | -49.11 | -4.30 | -17.29 |
| Total Unusual Items Excluding Goodwill | - | -4.41 | -49.11 | -4.30 | -17.29 |
| Net Income Discontinuous Operations | -4.02 | -0.01 | 0 | - | - |
| Special Income Charges | - | -4.41 | -49.11 | -4.30 | -17.29 |
| Other Special Charges | - | -0.02 | 0.39 | 3.80 | 15.66 |
| Impairment Of Capital Assets | - | 0 | 38.60 | 0 | 0 |
| Restructuring And Mergern Acquisition | - | 4.43 | 10.12 | 0.51 | 1.63 |
| Depreciation Amortization Depletion Income Statement | - | 45.40 | 26.76 | 24.19 | 21.65 |
| Depreciation And Amortization In Income Statement | - | 45.40 | 26.76 | 24.19 | 21.65 |
| General And Administrative Expense | - | 152.38 | 117.70 | 108.70 | 112.89 |
| Other Gand A | - | 152.38 | 117.70 | 108.70 | 112.89 |
| Total Other Finance Cost | - | 26.01 | -21.68 | 27.85 | 46.79 |
| Selling And Marketing Expense | - | 702.24 | 433.59 | 635.96 | 812.90 |
| Amortization | - | 25.31 | 7.69 | 5.89 | 5.19 |
| Amortization Of Intangibles Income Statement | - | 25.31 | 7.69 | 5.89 | 5.19 |
| Depreciation Income Statement | - | 20.10 | 19.07 | 18.30 | 16.46 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| LendingTree, Inc.this co. | TREE | $506M | 3.34↓ discount | 1.76 | 52.8% | 8.33 |
| Flushing Financial Corporation | FFIC | $524M | 27.76 | 0.74 | 2.7% | - |
| Better Home & Finance Holding Company | BETR | $521M | -3.14 | 14.01 | -446.1% | -7.65 |
| Kearny Financial Corp. | KRNY | $518M | 19.86 | 0.69 | 3.5% | - |
| Chaince Digital Holdings Inc. | CD |
| - |
| - |
| - |
| - |
| - |
| $517M |
| -101.45 |
| 11.75 |
| -11.6% |
| -131.93 |
| Home Bancorp, Inc. | HBCP | $513M | 11.14 | 1.18 | 10.6% | - |
| Sierra Bancorp | BSRR | $509M | 12.02 | 1.39 | 11.6% | - |
| Greenlight Capital Re, Ltd. | GLRE | $497M | 6.64 | 0.70 | 10.6% | - |
| American Coastal Insurance Corporation | ACIC | $489M | 4.58 | 1.54 | 33.6% | - |
| Peer Median | - | 8.89 | 1.29 | 7.0% | -69.79 | |