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Financial statements

loanDepot, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data loanDepot, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Revenue1,3374,3123,7251,2569741,0601,190
Selling and marketing188264468237133133147
General and administrative100172215266213204177
Interest expense130131218151130189175
Pre-tax income32.72,015667-690-278-243-121
Income tax-1.752.2543.4-79.6-42.8-40.7-13
Net income to minority interests34.42,013510-337-125-104-44.9
Net income00114-273-110-98.3-62.6
EPS, basic0.87-1.75
EPS, diluted0.87-1.75
Shares, basic (weighted)130156175
Shares, diluted (weighted)130156175186

Balance sheet

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Cash and equivalents117284420864661422337
Property, plant and equipment8510492.970.861.161.9
Lease right-of-use assets66.455.635.729.420.423.9
Goodwill40.740.70
Intangible assets2.091.580
Total assets10,89311,8126,6106,1516,3446,858
Total liabilities9,23710,1835,6885,4475,8376,472
Total debt7121,6282,2892,2742,0272,100
Paid-in capital0565789821844878
Retained earnings0-29-342-452-551-614
Treasury stock-12.9-13.3-16.5-20.3-29.6
Minority interests3761,6571,106488351234151
Total equity3761,6571,629921704507386
Total liabilities and equity10,89311,8126,6106,1516,3446,858

Cash flow statement

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Net income34.42,013623-610-236-202-108
Depreciation and amortization36.835.2354241.336.126.2
Stock-based compensation0.198.567.120.62224.912.2
Cash from operations-1,497-2,031-1,4664,461-174-858-708
Capital expenditures-12.6-33.9-54.1-43.2-20.6-26.4-27.1
Cash from investing141-27.729766816648814.5
Debt issued2399281,4022,1244037881,565
Debt repaid-196-800-480-1,457-418-1,046-1,501
Stock issued005.93
Dividends paid-7.61-643-463-119-2.98-3.26-2.47
Cash from financing1,3602,4301,301-4,769-226152567
Net change in cash3.5371132360-235-219-126
Free cash flow-1,510-2,065-1,5204,418-195-885-735
Interest paid160160270254322306301
Income taxes paid4.040.453.3326.7-8.879.02-2.91

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.67 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Pre-tax margin-8.3%Pre-tax income / revenue.
Net margin-5.5%Net income / revenue.
FCF margin-22.5%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-20.0%Cash from operations / revenue.
Return on assets (ROA)-1.0%Net income / average total assets.
Stock-based pay / revenue1.6%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue2.5%Capital expenditures / revenue.
D&A / revenue1.9%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y12.2%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-1.8%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-22.7%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y8.1%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y1.2%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-8.8%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Debt / assets31.8%Total debt / total assets.
Liabilities / assets95.0%Total liabilities / total assets.
Net debt$1.90BTotal debt - cash - short-term investments. Negative means more cash than debt.

Efficiency

MetricValueHow it is calculated
Asset turnover0.19xRevenue / average total assets.
Fixed asset turnover19.2xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.30Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$5.43Revenue / diluted weighted shares.
FCF per share-$1.22Free cash flow / diluted weighted shares.
Operating cash flow per share-$1.08Cash from operations / diluted weighted shares.
Cash per share$0.99(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$226.6MShare price x shares outstanding.
Enterprise value$2.13BMarket cap + total debt - cash - short-term investments.
P/S0.18xMarket cap / revenue.
EV/Sales1.69xEnterprise value / revenue.
FCF yield-124.6%Free cash flow / market cap.
Earnings yield-30.6%Net income / market cap (the inverse of P/E).
What was loanDepot, Inc.'s revenue in fiscal 2025?

loanDepot, Inc. reported revenue of $1.19B for fiscal 2025, 12.2% higher than the year before.

Was loanDepot, Inc. profitable in fiscal 2025?

No. It reported a net loss of $62.6M.

How much free cash flow did loanDepot, Inc. generate in fiscal 2025?

Cash from operations of $707.5M minus capital expenditures of $27.1M left free cash flow of -$734.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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