LendingTree, Inc.

Listed Company

TREECIK 0001434621NasdaqAcceleratedLoan BrokersDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.12B

Net Income

$151.31M

Total Assets

$855.69M

Equity

$286.80M

Shares Out

13.86M

Op. Cash Flow

$73.10M

Business

LendingTree, Inc. operates an online consumer platform that connects consumers with a nationwide network of financial service providers to enable comparison shopping and matching for loans, insurance and related products. It offers mortgage loans and refinances, home equity products, auto loans, credit cards, personal and small business loans, deposit accounts, insurance quotes and policies, and tools such as free credit scores and the Spring personalized platform. The company reports three primary segments: Home, Consumer and Insurance. It distributes services nationally through branded websites, mobile applications, toll-free numbers and digital and traditional performance marketing channels.

Summary from filing dated 2025-03-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	1,117	900	673	985	1,098
Cost of revenue (exclusive of depreciation and amortization shown separately below)	43	36	39	58	57
Selling and marketing expense	813	636	434	702	774
General and administrative expense	113	109	118	152	153
Product development	45	46	47	56	53
Depreciation	16	18	19	20	18
Amortization of intangibles	5	6	8	25	43
Goodwill impairment	0	0	39	0	0
Restructuring and severance	2	508,000	10	4	53,000
Litigation settlements and contingencies	16	4	388,000	−18,000	392,000
Total costs and expenses	1,053	856	713	1,018	1,090
Operating income (loss)	65	45	−41	−33	8
Interest (expense) income, net	−47	−28	22	−26	—
Other income (expense)	3	−54	−106	4	123
Income (loss) before income taxes	21	−37	−125	−55	84
Income tax benefit (expense)	130	−4	3	−133	−11
Net income (loss)	151	−42	−122	−188	69
Comprehensive income (loss)	151	−42	−122	−188	69
Basic (in shares)	14	13	13	13	13
Diluted (in shares)	14	13	13	13	14
Basic (in dollars per share)	11.14	−3.14	−9.46	−14.69	5.24
Diluted (in dollars per share)	10.78	−3.14	−9.46	−14.69	5.05

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	81	107	112	299	251
Accounts receivable (net of allowance of $1,322 and $1,407, respectively)	111	98	55	83	98
Prepaid and other current assets	38	34	29	26	25
Total current assets	230	238	196	414	374
Property and equipment (net of accumulated depreciation of $28,387 and $33,375, respectively)	33	43	50	59	72
Operating lease right-of-use assets	32	53	57	67	77
Goodwill	382	382	382	420	420
Intangible assets, net	38	43	51	58	86
Deferred income tax assets	125	0	—	0	112
Equity investments (Note $7)	475,000	2	60	175	158
Other non-current assets	17	7	6	6	7
Total assets	856	768	803	1,199	1,299
Current portion of long-term debt	4	125	3	3	169
Accounts payable, trade	7	8	2	2	2
Accrued expenses and other current liabilities	127	107	71	75	107
Total current liabilities	137	240	76	83	274
Long-term debt	388	344	526	814	564
Operating lease liabilities	44	69	75	88	96
Deferred income tax liabilities	0	5	2	7	2
Other non-current liabilities	140,000	131,000	267,000	308,000	351,000
Total liabilities	569	659	679	991	851
Commitments and contingencies (Notes $14 and $15)	—	—	—	—	—
Preferred stock $.01 par value; 5,000,000 shares authorized; none issued or outstanding	0	0	0	0	0
Common stock $.01 par value; 50,000,000 shares authorized; 17,124,837 and 16,746,556 shares issued, respectively, and 13,769,371 and 13,391,090 shares outstanding, respectively	171,000	167,000	164,000	162,000	161,000
Additional paid-in capital	1,281	1,254	1,228	1,189	1,133
Accumulated deficit	−728	−879	−838	−715	−527
Treasury stock; 3,355,466 and 3,355,466 shares, respectively	−266	−266	−266	−266	−223
Total shareholders' equity	287	109	124	208	448
Total liabilities and shareholders' equity	856	768	803	1,199	1,299

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
(Gain) loss on impairments and disposal of assets	−71,000	3	5	7	3
Depreciation	16	18	19	20	18
Non-cash compensation expense	29	29	40	60	69
Deferred income taxes	−130	3	−5	133	11
Bad debt expense	264,000	171,000	2	4	2
Amortization of debt issuance costs	2	2	3	6	6
Amortization of debt discount	498,000	331,000	0	1	31
Reduction in carrying amount of ROU asset, offset by change in operating lease liabilities	−2	−3	−4	−2	13
Gain on settlement of convertible debt	−266,000	−9	−49	0	0
Impairment of long-lived assets	0	0	39	—	—
Accounts receivable	−13	−43	28	9	−10
Prepaid and other assets	−14	−5	−3	−4	−5
Accounts payable, accrued expenses and other current liabilities	20	45	−6	−28	−2
Income taxes receivable	−2	96,000	−140,000	214,000	11
Other, net	64,000	−278,000	−1	−449,000	−921,000
Net cash provided by operating activities	73	62	68	43	—
Capital expenditures	−12	−11	−13	−11	−35
Proceeds from the sale of fixed assets	2	0	0	—	0
Other investing activities	0	2,000	50,000	7,000	0
Net cash used in investing activities	−10	−11	−12	−28	10
Payments related to net-share settlement of stock-based compensation, net of proceeds from exercise of stock options	−3	−2	−1	−3	−14
Proceeds from term loan	450	125	0	250	0
Repayment of term loan	−410	−13	−2	−1	0
Payment of debt issuance costs	−5	−4	−2	−135,000	−6
Payment of original issue discount on term loan	−4	−3	0	0	−3
Other financing activities	0	−552,000	1,000	0	−31,000
Net cash used in financing activities	−89	−57	−242	33	−63
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents	−26	−5	−187	48	81
Increase (decrease) in capital expenditures included in accounts payable and accrued expenses	−170,000	128,000	−377,000	−294,000	−5
Interest paid	37	38	24	19	9
Income tax payments	2	2	1	404,000	186,000
Income tax refunds	238,000	220,000	100,000	287,000	11

Filings

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