Mortgage lender LoanDepot Q4 adjusted revenue falls

loanDepot

10/03/2026 20:17

Overview

U.S. mortgage lender's Q4 adjusted revenue declined 3% and missed analyst expectations

Adjusted net loss for Q4 widened

Loan origination volume in Q4 rose 23% to highest since 2022

Outlook

LoanDepot expects Q1 2026 origination volume between $6.75 bln and $7.75 bln

Company sees Q1 2026 pull-through weighted rate lock volume of $7.75 bln to $8.75 bln

LoanDepot projects Q1 2026 pull-through weighted gain on sale margin of 270-300 basis points

Result Drivers

GAIN ON SALE MARGIN - Revenue decline was attributed to a 15 basis point decrease in pull-through weighted gain on sale margin

EXPENSES - Total expenses rose 3% from the prior quarter, mainly due to higher personnel costs, partially offset by lower volume-related expenses

Company press release: ID:nBw82JG9Sa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$310.26 mln
Q4 Adjusted Revenue
Miss
$316.27 mln
$333.93 mln (3 Analysts)
Q4 EPS
-$0.10
Q4 Adjusted Net Income
Miss
-$21.47 mln
-$11.95 mln (3 Analysts)
Q4 Net Income
-$32.83 mln
Q4 Adjusted EBITDA
Miss
$29.32 mln
$35.40 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", 3 "hold" and 2 "sell" or "strong sell"

Wall Street's median 12-month price target for loanDepot Inc is $2.08, about 13.4% above its March 9 closing price of $1.83

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 24 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.)