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loanDepot, Inc. engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity lines of credit and closed-end second liens. It also provides title, escrow, and settlement services for mortgage loan transactions; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies. The company was founded in 2010 and is headquartered in Irvine, California.
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 | $897M | - | $-63M | $-735M | -26.7% | 20.6% | -36.3% |
| 2024 | $744M | - | $-98M | $-885M | -36.0% | 4.5% | -10.7% |
| 2023 | $712M | - | $-110M | $-195M | -31.2% | -34.4% | -59.7% |
| 2022 | $1.1B | - | $-273M | $4.4B | -63.0% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,084.24 | 711.58 | 743.73 | 896.59 |
| Operating Revenue | - | 1,084.24 | 711.58 | 743.73 | 896.59 |
| Selling General And Administration | - | 1,529.52 | 918.62 | 937.38 | 965.29 |
| Interest Income | - | 200.20 | 133.26 | 146.49 | 158.80 |
| Interest Expense | - | 274.96 | 304.25 | 335.88 | 323.74 |
| Net Interest Income | - | -74.75 | -170.98 | -189.39 | -164.94 |
| Pretax Income | - | -689.98 | -278.31 | -242.85 | -120.53 |
| Tax Provision | - | -79.59 | -42.80 | -40.70 | -13 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -9.82 | -1.92 | -6.37 | -0.74 |
| Net Income Continuous Operations | - | -610.38 | -235.51 | -202.15 | -107.53 |
| Net Income From Continuing And Discontinued Operation | - | -273.02 | -110.14 | -98.33 | -62.65 |
| Net Income From Continuing Operation Net Minority Interest | - | -273.02 | -110.14 | -98.33 | -62.65 |
| Net Income | - | -273.02 | -110.14 | -98.33 | -62.65 |
| Net Income Common Stockholders | - | -273.02 | -110.14 | -98.33 | -62.65 |
| Net Income Including Noncontrolling Interests | - | -610.38 | -235.51 | -202.15 | -107.53 |
| Normalized Income | - | -197.42 | -99.59 | -66.68 | -56.53 |
| Diluted NI Availto Com Stockholders | - | -273.02 | -110.14 | -98.33 | -62.65 |
| Basic Average Shares | - | 156.01 | 174.91 | 185.64 | 211.02 |
| Diluted Average Shares | - | 156.03 | 174.91 | 185.64 | 211.02 |
| Reconciled Depreciation | - | 62.97 | 55.42 | 47.12 | 36.62 |
| Total Unusual Items | - | -85.43 | -12.48 | -38.03 | -6.86 |
| Total Unusual Items Excluding Goodwill | - | -85.43 | -12.48 | -38.03 | -6.86 |
| Minority Interests | - | 337.36 | 125.37 | 103.82 | 44.88 |
| Special Income Charges | - | -85.43 | -12.48 | -38.03 | -6.86 |
| Other Special Charges | - | 12.59 | 1.43 | 24.64 | 1.81 |
| Write Off | - | 17.50 | 0.92 | 0.51 | 0 |
| Impairment Of Capital Assets | 0 | 40.74 | 0 | 0 | - |
| Restructuring And Mergern Acquisition | - | 25.13 | 11.81 | 7.20 | 5.05 |
| Gain On Sale Of Security | - | 1,080.49 | 20.20 | 13.39 | -56.01 |
| Depreciation Amortization Depletion Income Statement | - | 42.20 | 41.26 | 36.11 | 26.22 |
| Depreciation And Amortization In Income Statement | - | 42.20 | 41.26 | 36.11 | 26.22 |
| General And Administrative Expense | - | 1,292.69 | 785.74 | 804.71 | 818.60 |
| Other Gand A | - | 265.68 | 212.73 | 204.23 | 177.08 |
| Salaries And Wages | - | 1,027.01 | 573.01 | 600.48 | 641.52 |
| Selling And Marketing Expense | - | 236.83 | 132.88 | 132.67 | 146.69 |
| Occupancy And Equipment | - | 35.31 | 23.52 | 19.43 | 16.88 |
| Other Non Interest Expense | - | -55.22 | -14.17 | -38.03 | -6.86 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| loanDepot, Inc.this co. | LDI | $811M | -12.94 | 3.46 | -26.7% | - |
| Farmers National Banc Corp. | FMNB | $834M | 15.27 | 1.72 | 11.2% | - |
| Root, Inc. | ROOT | $833M | 20.67 | 2.93 | 14.2% | - |
| Eagle Bancorp, Inc. | EGBN | $828M | -6.00 | 0.73 | -12.2% | - |
| Mid Penn Bancorp, Inc. | MPB | $823M | 14.64 | 1.01 |
| - |
| - |
| - |
| - |
| 6.9% |
| - |
| Employers Holdings, Inc. | EIG | $811M | 75.12 | 0.85 | 1.1% | - |
| First Community Bankshares, Inc. | FCBC | $811M | 16.61 | 1.62 | 9.7% | - |
| Bowhead Specialty Holdings Inc. | BOW | $801M | 14.90 | 1.78 | 12.0% | - |
| Great Southern Bancorp, Inc. | GSBC | $789M | 11.12 | 1.24 | 11.2% | - |
| Peer Median | - | 15.09 | 1.43 | 10.5% | - | |