A Business at a Glance
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Table of Contents Our Company We are a leading provider of lending solutions that make the American dream of homeownership more accessible and achievable for all, especially the increasingly diverse communities of first-time homebuyers, through a broad suite of lending and real estate services that simplify one of life's most complex transactions. We launched our business in 2010 to disrupt the legacy mortgage industry and make obtaining a mortgage a positive experience for consumers. Our goal is to be the lender of choice for consumers and the employer of choice by being a company that operates on sound principles of exceptional value, ethics, and transparency. We offer a wide variety of loan products and our in-house servicing platform complements our loan origination strategy. We are the sixth largest retail-focused non-bank mortgage originator and the eighth largest overall retail originator (based on data through March 13, 2025, published by Inside Mortgage Finance).
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 1.1B | 1.1B | 974M | 1.3B | 3.7B | 4.3B |
| Net Income | -73M | -98M | -110M | -273M | 114M | - |
| EPS | $-0.67 | $-0.30 | $-0.34 | $-0.85 | $0.87 | - |
| Free Cash Flow | -53M | -892M | -195M | 4.4B | -1.5B | -2.1B |
| ROIC | 0.0% | 18.7% | 35.4% | -8.5% | 9.6% | - |
| Gross Margin | - | 43.4% | 41.2% | 18.2% | 48.2% | 64.5% |
| Debt/Equity | 0.33 | 4.00 | 3.23 | 2.48 | 1.00 | 0.43 |
| Dividends/Share | $0.03 | $0.01 | $0.01 | $0.37 | $3.55 | $2.07 |
| Operating Income | 0 | 921M | 821M | -202M | 375M | - |
| Operating Margin | 0.0% | 86.9% | 84.3% | -16.1% | 10.1% | - |
| ROE | -1.2% | -3.0% | -15.6% | -29.6% | 7.0% | - |
| Shares Outstanding | 126M | 328M | 328M | 323M | 130M | 311M |
| Metric | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 4.3B | 3.7B | 1.3B | 974M | 1.1B | 1.1B |
| Gross Margin | 64.5% | 48.2% | 18.2% | 41.2% | 43.4% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | N/A | 375M | -202M | 821M | 921M | 0 |
| Op. Margin | N/A | 10.1% | -16.1% | 84.3% | 86.9% | 0.0% |
| Net Income | N/A | 114M | -273M | -110M | -98M | -73M |
| Net Margin | N/A | 3.0% | -21.7% | -11.3% | -9.3% | -6.5% |
| Non-Recurring | 0 | 0 | 41M | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | N/A | 9.6% | -8.5% | 35.4% | 18.7% | 0.0% |
| ROE | N/A | 7.0% | -29.6% | -15.6% | -3.0% | -1.2% |
| ROA | N/A | 1.0% | -4.1% | -1.8% | -1.6% | -134.5% |
| Cash Flow | ||||||
| Op. Cash Flow | -2.0B | -1.5B | 4.5B | -174M | -865M | -28M |
| Free Cash Flow | -2.1B | -1.5B | 4.4B | -195M | -892M | -53M |
| Owner Earnings | -2.1B | -1.6B | 4.4B | -237M | -926M | -89M |
| CapEx | 34M | 54M | 43M | 21M | 26M | 25M |
| Maint. CapEx | 36M | 36M | 42M | 41M | 36M | 36M |
| Growth CapEx | 0 | 19M | 1.0M | 0 | 0 | 0 |
| D&A | 36M | 36M | 42M | 41M | 36M | 36M |
| CapEx/OCF | N/A | N/A | 1.0% | N/A | N/A | 0.0% |
| Capital Allocation | ||||||
| Dividends Paid | 643M | 463M | 119M | 3.0M | 3.3M | 3.6M |
| Dividend Yield | N/A | 31.0% | 14.4% | 0.5% | 0.4% | 2.0% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 8.5M | 67M | 21M | 22M | 25M | 25M |
| Debt Repayment | 800M | 480M | 1.5B | 418M | 1.0B | 1.0B |
| Balance Sheet | ||||||
| Net Debt | 428M | 1.2B | 1.4B | 1.6B | 1.6B | 1.6B |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | 459M |
| Long-Term Debt | 712M | 1.6B | 2.3B | 2.3B | 2.0B | 2.0B |
| Debt/Equity | 0.43 | 1.00 | 2.48 | 3.23 | 4.00 | 0.33 |
| Interest Coverage | N/A | 1.7 | -1.3 | 0.8 | 0.9 | 0.9 |
| Equity | 1.7B | 1.6B | 921M | 704M | 507M | 6.2B |
| Total Assets | 10.9B | 11.8B | 6.6B | 6.2B | 6.3B | 55M |
| Total Liabilities | 9.2B | 10.2B | 5.7B | 5.4B | 5.8B | 374M |
| Intangibles | 86M | 85M | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | -29M | -342M | -452M | -551M | -551M |
| Working Capital | 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 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||
| EPS | N/A | 0.87 | -0.85 | -0.34 | -0.30 | -0.67 |
| Owner EPS | -6.67 | -12.02 | 13.61 | -0.72 | -2.82 | -0.71 |
| Book Value | 5.33 | 12.49 | 2.85 | 2.15 | 1.54 | 49.41 |
| Cash Flow/Share | -6.53 | -11.23 | 13.81 | -0.53 | -2.64 | -0.30 |
| Dividends/Share | 2.07 | 3.55 | 0.37 | 0.01 | 0.01 | 0.03 |
| Shares Out. | 310.9M | 130.5M | 323.1M | 328.3M | 328.3M | 126.4M |
| Valuation | ||||||
| P/E Ratio | N/A | 5.1 | N/A | N/A | N/A | -2.1 |
| P/FCF | N/A | N/A | 0.1 | N/A | N/A | N/A |
| EV/EBIT | N/A | 4.8 | N/A | 3.4 | 2.4 | N/A |
| Price/Book | N/A | 0.4 | 0.6 | 1.7 | 1.3 | 0.0 |
| Price/Sales | N/A | 0.4 | 0.7 | 0.7 | 0.7 | 0.2 |
| FCF Yield | N/A | -261.5% | 854.6% | -16.3% | -140.8% | -29.3% |
| Market Cap | N/A | 581M | 517M | 1.2B | 634M | 181M |
| Avg. Price | N/A | 11.46 | 2.56 | 1.95 | 2.36 | 1.43 |
| Year-End Price | N/A | 4.45 | 1.60 | 3.64 | 1.93 | 1.43 |
loanDepot, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 13.8% with a gross margin of 43.1%. Total shareholder yield (dividends) is 2.0%. At current prices, the estimated annualized return to fair value is -22.8%.
loanDepot, Inc. (LDI) has a 5-year average return on invested capital (ROIC) of 13.8%. This indicates solid capital allocation.
loanDepot, Inc. (LDI) has a market capitalization of $181M. It is classified as a small-cap stock.
Yes, loanDepot, Inc. (LDI) pays a dividend with a trailing twelve-month yield of 1.99%.
loanDepot, Inc. (LDI) operates in the Finance Services industry, within the Financials sector.
loanDepot, Inc. (LDI) reported annual revenue of $1.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
loanDepot, Inc. (LDI) has a net profit margin of -9.3%. The company is currently unprofitable.
loanDepot, Inc. (LDI) generated $-892 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
loanDepot, Inc. (LDI) has a debt-to-equity ratio of 4.00. This indicates higher leverage, which may increase financial risk.
loanDepot, Inc. (LDI) reported earnings per share (EPS) of $-0.30 in its most recent fiscal year.
loanDepot, Inc. (LDI) has a return on equity (ROE) of -3.0%. A negative ROE may indicate losses or negative equity.
loanDepot, Inc. (LDI) has a 5-year average gross margin of 43.1%. This indicates decent pricing power.
The Ledger Terminal provides 5 years of financial data for loanDepot, Inc. (LDI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
loanDepot, Inc. (LDI) has a book value per share of $1.54, based on its most recent annual SEC filing.