LoanDepot Q1 revenue falls 8% sequentially as origination volume declines

loanDepot

05/05/2026 21:32

Overview

U.S. mortgage lender's Q1 revenue fell 8% from prior qtr amid volatile interest rates

Adjusted net loss widened from prior qtr as expenses remained flat

Loan origination volume declined 5% qtr/qtr, while market share increased to 1.39%

Outlook

LoanDepot sees Q2 origination volume between $7.25 bln and $9.25 bln

Company expects Q2 pull-through weighted rate lock volume of $5.75 bln to $7.75 bln

LoanDepot forecasts Q2 pull-through weighted gain on sale margin of 330-360 basis points

Result Drivers

INTEREST RATE VOLATILITY - Co said revenue and margins were negatively impacted by volatile interest rates and margin pressure

MARGIN COMPRESSION - Pull-through weighted gain on sale margin fell 53 bps due to larger loan balances, product mix shifts and market volatility

MARKETING AND PRODUCTIVITY INITIATIVES - Lower commissions and marketing costs reflected benefits of productivity initiatives, though offset by higher salary-related costs

Company press release: ID:nBwpMzpDa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$286.39 mln
Q1 Adjusted Revenue
Miss
$299.25 mln
$309.87 mln (2 Analysts)
Q1 EPS
-$0.16
Q1 Adjusted Net Income
Miss
-$33.62 mln
-$13.42 mln (2 Analysts)
Q1 Net Income
-$54.94 mln
Q1 Adjusted EBITDA
$14.31 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

Wall Street's median 12-month price target for loanDepot Inc is $1.80, about 19.2% above its May 4 closing price of $1.51

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)