LoanDepot Q3 revenue rises on higher pull-through volume

loanDepot

06/11/2025 21:33

Overview

LoanDepot Q3 adjusted revenue beats analyst expectations, rising 11% quarter-over-quarter

Company narrows Q3 net loss to $9 mln from $25 mln in prior quarter

Adjusted EBITDA for Q3 beats consensus, increasing 90% quarter-over-quarter

Outlook

LoanDepot expects Q4 origination volume between $6.5 bln and $8.5 bln

Company sees Q4 pull-through weighted rate lock volume between $6.0 bln and $8.0 bln

LoanDepot anticipates Q4 pull-through weighted gain on sale margin of 300-325 basis points

Result Drivers

HIGHER PULL-THROUGH VOLUME - Increased pull-through weighted lock volume contributed to revenue growth

RESHAPED LEADERSHIP - CEO Anthony Hsieh attributes improved operational focus to reshaped leadership team

EXPENSE MANAGEMENT - CFO David Hayes cites disciplined expense management for narrowing loss

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$323.32 mln
Q3 Adjusted Revenue
Beat
$325.16 mln
$312.94 mln (4 Analysts)
Q3 EPS
-$0.02
Q3 Adjusted Net Income
Beat
-$2.85 mln
-$7.17 mln (5 Analysts)
Q3 Net Income
-$8.73 mln
Q3 Adjusted EBITDA
Beat
$48.79 mln
$28.40 mln (1 Analyst)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"

Wall Street's median 12-month price target for loanDepot Inc is $3.00, about 7% above its November 5 closing price of $2.79

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 62 three months ago

Press Release: ID:nBwbKJRfza

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(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.)