loanDepot, Inc.

Listed Company

LDICIK 0001831631NYSEAcceleratedSmaller ReportingFinance ServicesFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-62.65M

Total Assets

$6.90B

Equity

$386.01M

Shares Out

—

Op. Cash Flow

$-707.51M

Business

loanDepot, Inc. provides lending and real estate services that simplify mortgage originations and servicing to expand homeownership accessibility, particularly for first-time and diverse buyers. It offers a broad suite of loan products, including conventional agency‑conforming loans, prime jumbo loans, FHA and VA loans, home equity lines of credit and ancillary settlement, real estate referral and insurance services. The company operates originations, servicing and ancillary businesses, supported by an in‑house servicing platform, proprietary technology (mello®) and captive subsidiaries for title, real estate referrals and insurance. It distributes products through digital consumer‑direct channels, in‑market loan officers, joint ventures with builders and other referral partners nationwide.

Summary from filing dated 2025-03-13

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
Interest income	159	146	133	200	262
Interest expense	−149	−147	−130	−151	—
Net interest income (expense)	10	−843,000	3	49	44
Gain on origination and sale of loans, net	742	642	525	749	3,213
Origination income, net	132	82	65	130	362
Servicing fee income	437	482	493	449	394
Changes in fair value of servicing rights, net	−199	−215	−184	−194	−446
Other income	67	70	73	73	157
Total net revenues	1,200	1,060	974	1,256	3,725
Personnel expense	642	600	573	1,027	1,930
Marketing and advertising expense	147	133	133	237	468
Direct origination expense	84	84	67	121	193
General and administrative expense	177	204	213	266	215
Occupancy expense	17	19	24	35	38
Depreciation and amortization	26	36	41	42	36
Servicing expense	43	37	28	53	99
Other interest expense	175	189	174	124	—
Total expenses	1,310	1,303	1,252	1,946	3,058
Loss before income taxes	−121	−243	−278	−690	667
Income tax benefit	−13	−41	−43	−80	43
Net loss	−108	−202	−236	−610	329
Net loss attributable to noncontrolling interest	−45	−104	−125	−337	510
Net loss attributable to loanDepot, Inc.	−63	−98	−110	−273	114

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	337	422	661	864	420
Restricted cash	64	106	85	117	201
Loans held for sale, at fair value (includes $606,215 and $293,165 pledged to creditors in securitization trusts at December 31, 2025 and 2024, respectively)	3,166	2,604	2,133	2,373	8,137
Loans held for investment, at fair value (pledged to creditors in a securitization trust)	110	117	0	—	—
Derivative assets, at fair value	42	44	94	39	195
Servicing rights, at fair value (includes $661,475 and $625,699 pledged to creditors in securitization trusts at December 31, 2025 and 2024, respectively)	1,658	1,634	2,000	2,037	2,007
Trading securities, at fair value	86	87	93	94	73
Property and equipment, net	62	61	71	93	104
Operating lease right-of-use assets	24	20	29	36	56
Loans eligible for repurchase	1,074	995	711	635	363
Investments in joint ventures	18	18	20	20	19
Other assets	217	236	254	301	—
Total assets	6,900	6,344	6,151	6,610	11,812
Warehouse and other lines of credit	2,903	2,377	1,947	2,147	7,457
Accounts payable, accrued expenses and other liabilities	349	379	380	489	624
Derivative liabilities, at fair value	11	25	85	67	38
Liability for loans eligible for repurchase	1,074	995	711	635	363
Operating lease liability	35	33	49	62	72
Debt obligations, net	2,100	2,027	2,274	2,289	1,628
Total liabilities	6,472	5,837	5,447	5,688	10,183
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.001 par value, 50,000,000 authorized, none issued at December 31, 2025 and 2024, respectively	0	0	0	0	0
Treasury stock at cost, 8,779,081 and 5,270,250 shares at December 31, 2025 and 2024, respectively	−30	−20	−16	—	—
Additional paid-in capital	878	844	821	789	565
Retained deficit	−614	−551	−452	−342	−29
Noncontrolling interest	152	234	351	488	1,100
Total equity	386	507	704	921	1,629
Total liabilities and equity	6,858	6,344	6,151	6,610	11,812

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
Amortization of debt issuance costs	26	18	7	15	13
Amortization of operating lease right-of-use asset	10	11	14	21	23
Gain on origination and sale of loans	−741	−601	−503	−1,204	−3,633
Fair value change in trading securities	−4	−654,000	−4	22	836,000
Provision for loss obligation on sold loans and servicing rights	9	102,000	9	151	18
Decrease in provision for deferred income taxes	−7	−48	−43	−80	31
Fair value change in derivative assets	28	78	34	334	460
Fair value change in derivative liabilities	−14	−60	17	30	−130
Fair value change in loans held for sale	−30	27	−65	185	105
Fair value change in loans held for investment	−4	−1	0	0	—
Fair value change in servicing rights	213	108	136	−143	352
Stock-based compensation expense	12	25	22	21	67
Originations of loans	−25,916	−24,074	−22,394	−53,095	−136,606
Proceeds from sales of loans	26,754	24,250	23,239	59,681	138,028
Proceeds from principal payments on loans held for sale	64	219	130	132	183
Proceeds from principal payments on loans held for investment	11	7	0	—	—
Payments to investors for loan repurchases	−977	−678	−492	−743	−966
Premiums paid on derivatives	−26	−29	−88	−179	3
Loss (gain) on extinguishment of debt	0	6	−2	−11	0
Disbursements from joint ventures	5	16	19	12	12
Other changes in operating assets and liabilities	−38	35	−17	−161	−74
Net cash used in operating activities	−708	−858	−174	4,461	−1,466
Purchase of property and equipment	−27	−26	−21	−43	−54
Proceeds from sale of servicing rights	36	508	181	704	350
Cash flows received on trading securities	6	6	5	7	2
Investment in joint ventures	−150,000	−225,000	0	−325,000	−1
Return of capital from joint ventures	0	249,000	92,000	0	221,000
Net cash provided by investing activities	15	488	166	668	297
Proceeds from borrowings on warehouse and other lines of credit	23,077	22,656	20,515	58,014	154,391
Repayment of borrowings on warehouse and other lines of credit	−22,551	−22,226	−20,715	−63,325	−153,511
Proceeds from debt obligations	1,565	788	403	2,124	1,402
Payments on debt obligations	−1,501	−1,046	−418	−1,457	−480
Payments of debt issuance costs	−17	−13	−5	−6	−21
Treasury stock purchased to net settle and withhold taxes on vested shares	−9	−4	−3	−430,000	−13
Exercise of stock options	6	0	0	—	—
Dividends and shareholder distributions	−2	−3	−3	−119	−463
Net cash provided by (used in) financing activities	567	152	−226	−4,769	1,301
Net change in cash and cash equivalents and restricted cash	−126	−219	−235	360	132
Interest	301	306	322	254	270
Income taxes	−3	9	−9	27	3
Loans transferred from held for sale to held for investment	0	123	0	0	—
Operating lease right-of-use assets obtained in exchange for lease liabilities	14	3	9	17	—

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