Loandepot (LDI) financial statements
Loandepot reported revenue of $1.2B in fiscal 2025, down 1.9% a year over 6 years.
Net income was -$63M and the operating margin -10.1%, against 2.4% in 2019.
Free cash flow was -$735M, and the company returned $2M in dividends.
The diluted share count rose 43% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Loandepot's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.3B | $4.3B | $3.7B | $1.3B | $974M | $1.1B | $1.2B |
| Selling, general and admin | $100M | $172M | $215M | $266M | $213M | $204M | $177M |
| Operating income | $33M | $2.0B | $667M | -$690M | -$278M | -$243M | -$121M |
| Interest expense | $130M | $131M | $218M | $151M | $130M | $189M | $175M |
| Pre-tax income | $33M | $2.0B | $667M | -$690M | -$278M | -$243M | -$121M |
| Income tax | -$2M | $2M | $43M | -$80M | -$43M | -$41M | -$13M |
| Net income | $0 | $0 | $114M | -$273M | -$110M | -$98M | -$63M |
| EPS (diluted) | — | — | $0.87 | -$1.75 | — | — | — |
| Diluted shares | — | — | 130M | 156M | 175M | 186M | — |
| Operating margin | 2.4% | 46.7% | 17.9% | -54.9% | -28.6% | -22.9% | -10.1% |
| Net margin | 0.0% | 0.0% | 3.0% | -21.7% | -11.3% | -9.3% | -5.3% |
Balance sheet
Fiscal years, from Loandepot's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $117M | $284M | $420M | $864M | $661M | $422M | $337M |
| Property, plant and equipment | — | $85M | $104M | $93M | $71M | $61M | $62M |
| Goodwill | — | $41M | $41M | $0 | — | — | — |
| Total assets | — | $10.9B | $11.8B | $6.6B | $6.2B | $6.3B | $6.9B |
| Total liabilities | — | $9.2B | $10.2B | $5.7B | $5.4B | $5.8B | $6.5B |
| Shareholders' equity | $376M | $1.7B | $1.6B | $921M | $704M | $507M | $386M |
| Net debt | -$117M | -$284M | -$420M | -$864M | -$661M | -$422M | -$337M |
Cash flow
Fiscal years, from Loandepot's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.5B | -$2.0B | -$1.5B | $4.5B | -$174M | -$858M | -$708M |
| Capital spending | $13M | $34M | $54M | $43M | $21M | $26M | $27M |
| Free cash flow | -$1.5B | -$2.1B | -$1.5B | $4.4B | -$195M | -$885M | -$735M |
| Stock-based compensation | $191,000 | $9M | $67M | $21M | $22M | $25M | $12M |
| Dividends paid | $8M | $643M | $463M | $119M | $3M | $3M | $2M |
| Net borrowing | $43M | $128M | $922M | $668M | -$15M | -$258M | $64M |
| Free cash flow margin | -112.9% | -47.9% | -40.8% | 351.8% | -20.0% | -83.4% | -61.7% |
| Dividends per share | — | — | $3.56 | $0.76 | $0.02 | $0.02 | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for LDI.
Open LDI in InvestinglyQuestions
What was Loandepot's revenue in 2025?
$1.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Loandepot generate?
-$735M in fiscal 2025 (operating cash flow minus capital spending).
From Loandepot's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.