loanDepot, Inc. Earnings Recaps
Q1 2026
May 6, 2026
loanDepot shares declined 7.3% post-earnings, reflecting investor disappointment primarily driven by margin compression amid growing volume and a cautious outlook on profitability timing.
Key takeaways
- Adjusted net loss widened to $34 million from $21 million the prior quarter, mainly due to lower gain on sale margins despite higher loan volume.
- Pull-through weighted rate lock volume increased 14% sequentially to $8.3 billion, within prior guidance but accompanied by declining revenues of $299 million versus $316 million last quarter.
- Marketing expenses were reduced while adding over 100 new loan officers and relaunching the wholesale channel, supporting market share growth efforts.
- Early results from the partnership with Figure and digital transformation initiatives show promise but have yet to translate into profitability.
- Management reiterated focus on long-term profitability but signaled that timing depends on market factors, indicating continued near-term operating pressures.
Q3 2025
Nov 9, 2025
loanDepot's third quarter of 2025 showcased an impressive turnaround with a reduced adjusted net loss to $3 million, driven by a 10% increase in lock volume and improved revenue performance.
Key takeaways
- Adjusted net loss narrowed significantly from $16 million in Q2 2025 to $3 million in Q3 2025, reflecting positive operational leverage.
- Pull-through weighted rate lock volume rose to $7 billion, exceeding the lower end of guidance expectations.
- Adjusted total revenue increased to $325 million, up from $292 million in the prior quarter, highlighting enhanced business performance.
- New leadership appointments across origination channels aim to strengthen growth strategies and operational efficiency.
- Ongoing investment in technology and innovation is expected to further improve customer experience and cost management.