A Business at a Glance
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LendingClub Corp
LC
$2.1B
Mkt Cap
$17.98
-4.41%
LendingClub Corp (LC) has a current P/E ratio of 15.5, compared to its historical median P/E of 20.8. The stock is currently considered Fair based on its historical valuation range.
LendingClub Corp (LC) has a 5-year average return on invested capital (ROIC) of 9.5%. This is below average and may indicate limited pricing power.
LendingClub Corp (LC) has a market capitalization of $2.1B. It is classified as a mid-cap stock.
LendingClub Corp (LC) does not currently pay a regular dividend.
Based on historical P/E analysis, LendingClub Corp (LC) appears fair. The current P/E of 15.5 is 26% below its historical median of 20.8. The estimated fair value CAGR (P/E method) is -10.2%.
LendingClub Corp (LC) operates in the Personal Credit Institutions industry, within the Financials sector.
LendingClub Corp (LC) generated $2.6 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Item 1. Business A Digital Bank for the Motivated Middle LendingClub operates a leading nationally chartered digital bank focused on serving a large and underserved segment of creditworthy U.S. consumers that we refer to as the “motivated middle.” These consumers are digitally capable, value-conscious, and make frequent use of credit to achieve intentional financial goals; however, they are often poorly served by traditional financial institutions due to structural inefficiencies and limited transparency. Our branchless, mobile-first platform enables members to apply for and manage lending and banking products digitally, delivering competitive pricing and a streamlined experience. We focus on high-demand areas of lending where inefficiencies persist, including personal loans, auto refinance, and point-of-sale financing for major purchases.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.0B | - | 787M | 865M | 1.2B | 819M |
| Net Income | 176M | 136M | 51M | 39M | 290M | 19M |
| EPS | $1.52 | $1.16 | $0.45 | $0.36 | $2.79 | $0.18 |
| Free Cash Flow | -3.2B | 2.6B | 2.6B | 1.1B | 306M | 205M |
| ROIC | 11.5% | 9.5% | 3.9% | 3.2% | 28.7% | 2.4% |
| Gross Margin | - | - | 92.5% | 94.5% | 96.3% | 94.6% |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.03 |
| Dividends/Share | $0.00 | - | - | - | $0.00 | $0.00 |
| Operating Income | 21M | 17M | 10M | 11M | 29M | 27M |
| Operating Margin | 2.0% | - | 1.3% | 1.3% | 2.4% | 3.3% |
| ROE | 11.5% | 9.5% | 4.0% | 3.2% | 28.8% | 2.4% |
| Shares Outstanding | 115M | 117M | 114M | 108M | 104M | 103M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 211M | 430M | 501M | 575M | 695M | 759M | 315M | 819M | 1.2B | 865M | 787M | N/A | 1.0B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | 92.2% | 82.8% | 94.6% | 96.3% | 94.5% | 92.5% | N/A | N/A |
| R&D | 39M | 77M | 115M | 142M | 155M | 168M | 139M | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 81M | 122M | 207M | 192M | 229M | 238M | 213M | 288M | 339M | 262M | 232M | 242M | 249M |
| EBIT | -32M | 9.4M | 9.5M | -153M | -128M | 14M | 13M | 27M | 29M | 11M | 10M | 17M | 21M |
| Op. Margin | -14.9% | 2.2% | 1.9% | -26.7% | -18.5% | 1.8% | 4.3% | 3.3% | 2.4% | 1.3% | 1.3% | N/A | 2.0% |
| Net Income | -33M | -5.0M | -146M | -154M | -128M | -31M | -188M | 19M | 290M | 39M | 51M | 136M | 176M |
| Net Margin | -15.6% | -1.2% | -29.1% | -26.8% | -18.5% | -4.1% | -59.6% | 2.3% | 24.4% | 4.5% | 6.5% | N/A | 17.0% |
| Non-Recurring | -553K | -790K | 39M | 0 | 36M | 0 | 18M | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -6.3% | -0.5% | -14.5% | -14.1% | -6.1% | -1.6% | -23.1% | 2.4% | 28.7% | 3.2% | 3.9% | 9.5% | 11.5% |
| ROE | -6.3% | -0.5% | -14.5% | -16.2% | -14.3% | -3.5% | -23.1% | 2.4% | 28.8% | 3.2% | 4.0% | 9.5% | 11.5% |
| ROA | -1.1% | -0.1% | -2.6% | -3.0% | -3.0% | -0.9% | -7.7% | 0.5% | 4.5% | 0.5% | 0.5% | 1.2% | 1.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 50M | 75M | 545K | -573M | -640M | -271M | 418M | 240M | 376M | 1.1B | 2.6B | 2.7B | -3.0B |
| Free Cash Flow | 29M | 35M | -51M | -618M | -693M | -321M | 387M | 205M | 306M | 1.1B | 2.6B | 2.6B | -3.2B |
| Owner Earnings | 2.5M | 1.9M | -99M | -691M | -770M | -406M | 302M | 129M | 265M | 1.0B | 2.5B | 2.7B | -3.3B |
| CapEx | 21M | 39M | 52M | 45M | 53M | 51M | 31M | 34M | 69M | 60M | 54M | 140M | 153M |
| Maint. CapEx | 10M | 22M | 30M | 46M | 55M | 62M | 54M | 44M | 44M | 47M | 59M | 3.2M | 259M |
| Growth CapEx | 10M | 18M | 22M | 0 | 0 | 0 | 0 | 0 | 26M | 12M | 0 | 137M | 0 |
| D&A | 10M | 22M | 30M | 46M | 55M | 62M | 54M | 44M | 44M | 47M | 59M | 3.2M | 259M |
| CapEx/OCF | 41.2% | 52.7% | 9512.3% | N/A | N/A | N/A | 7.5% | 14.3% | 18.5% | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 50M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | 7.8% | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | 1.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 37M | 51M | 69M | 71M | 75M | 74M | 62M | 67M | 66M | 52M | 40M | 34M | 33M |
| Debt Repayment | 50M | 0 | 0 | 5.1M | 4.5M | 14M | 14M | 2.8M | 15M | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | -624M | -516M | -204M | 1.6B | -487M | -562M | -998M | -1.1B | -1.3B | -977M | -930M | -822M |
| Cash & Equiv. | 870M | 624M | 516M | 402M | 373M | 244M | 525M | 764M | 1.1B | 1.3B | 977M | 930M | 822M |
| Long-Term Debt | N/A | 0 | 0 | 283M | 2.1B | 1.0M | 373K | 1.8M | 1.4M | 19M | 0 | 0 | N/A |
| Debt/Equity | 3.00 | 0.00 | 0.00 | 0.34 | 2.45 | 0.03 | 0.15 | 0.03 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 |
| Interest Coverage | -0.1 | 0.0 | 0.0 | -0.3 | -0.3 | 0.1 | 0.1 | 0.3 | 0.3 | 0.0 | 0.0 | 0.1 | 0.1 |
| Equity | 973M | 1.0B | 976M | 922M | 869M | 900M | 724M | 850M | 1.2B | 1.3B | 1.3B | 1.5B | 1.5B |
| Total Assets | 3.9B | 5.8B | 5.6B | 4.6B | 3.8B | 3.0B | 1.9B | 4.9B | 8.0B | 8.8B | 10.6B | 11.6B | 11.9B |
| Total Liabilities | 2.9B | 4.8B | 4.6B | 3.7B | 2.9B | 2.1B | 1.1B | 4.1B | 6.8B | 7.6B | 9.3B | 10.1B | 10.4B |
| Intangibles | 36M | 31M | 26M | 22M | 18M | 15M | 11M | 21M | 16M | 12M | 8.6M | 7.4M | 6.7M |
| Retained Earnings | -83M | -88M | -234M | -389M | -518M | -548M | -786M | -717M | -428M | -389M | -337M | -202M | -150M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | -0.07 | -0.05 | -1.90 | -1.84 | -7.60 | -0.35 | -2.13 | 0.18 | 2.79 | 0.36 | 0.45 | 1.16 | 1.52 |
| Owner EPS | 0.01 | 0.02 | -1.28 | -8.27 | -45.58 | -4.63 | 3.43 | 1.25 | 2.56 | 9.59 | 22.23 | 22.99 | -28.56 |
| Book Value | 2.14 | 10.43 | 12.70 | 11.05 | 51.48 | 10.25 | 8.22 | 8.24 | 11.21 | 11.57 | 11.76 | 12.83 | 13.19 |
| Cash Flow/Share | 0.11 | 0.75 | 0.01 | -6.87 | -37.89 | -3.08 | 4.74 | 2.32 | 3.62 | 10.51 | 23.09 | 23.31 | 3.76 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 0.57 | 0.00 | 0.00 | N/A | N/A | N/A | 0.00 |
| Shares Out. | 455.7M | 99.9M | 76.8M | 83.5M | 16.9M | 87.8M | 88.1M | 103.2M | 103.8M | 108.2M | 114.1M | 117.0M | 115.5M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 137.7 | 3.0 | 24.7 | 37.1 | 16.9 | 11.8 |
| P/FCF | N/A | 155.7 | N/A | N/A | N/A | N/A | 1.9 | 12.4 | 2.8 | 0.9 | 0.7 | 0.9 | N/A |
| EV/EBIT | N/A | N/A | 102.4 | N/A | N/A | N/A | 42.2 | 92.9 | 30.5 | 84.4 | 184.2 | 131.9 | 60.9 |
| Price/Book | 10.1 | 5.3 | 2.1 | 1.8 | 1.3 | 1.2 | 0.8 | 3.0 | 0.7 | 0.8 | 1.4 | 1.5 | 1.4 |
| Price/Sales | 45.5 | 19.2 | 4.8 | 3.9 | 2.2 | 1.7 | 1.6 | 2.7 | 1.2 | 1.0 | 1.5 | 1.7 | 2.0 |
| FCF Yield | 0.3% | 0.6% | -2.6% | -36.5% | -62.2% | -29.2% | 63.5% | 8.0% | 35.3% | 111.8% | 135.4% | 112.6% | -152.2% |
| Market Cap | 9.8B | 5.5B | 2.0B | 1.7B | 1.1B | 1.1B | 610M | 2.6B | 867M | 964M | 1.9B | 2.3B | 2.1B |
| Avg. Price | 126.06 | 82.51 | 31.26 | 27.63 | 18.06 | 14.63 | 7.32 | 21.73 | 14.28 | 7.75 | 10.57 | 14.16 | 17.98 |
| Year-End Price | 128.70 | 55.10 | 26.05 | 20.90 | 13.20 | 12.53 | 8.55 | 24.78 | 8.35 | 8.91 | 16.71 | 19.64 | 17.98 |
LendingClub Corp passes 3 of 9 quality checks, indicating weak fundamentals.
LendingClub Corp trades at 15.5x trailing earnings, compared to its 15-year median P/E of 20.8x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 9.5% with a gross margin of 94.5%. At current prices, the estimated annualized return to fair value is +5.6%.
LendingClub Corp (LC) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
LendingClub Corp (LC) reported earnings per share (EPS) of $1.16 in its most recent fiscal year.
LendingClub Corp (LC) has a return on equity (ROE) of 9.5%. This indicates moderate shareholder returns.
LendingClub Corp (LC) has a 5-year average gross margin of 94.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for LendingClub Corp (LC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
LendingClub Corp (LC) has a book value per share of $12.83, based on its most recent annual SEC filing.