Q4 Revenue at $310M, Below Consensus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy LDI?
Reports Q4 revenue $310M, consensus $335.45M. "In the fourth quarter we originated the most volume since 2022, gained share in an expanding market and achieved a 71% recapture rate from our in-house servicing platform," said Founder and Chief Executive Officer Anthony Hsieh. "These results reflect progress in our return to the core competencies that enabled the scaling to become the 2nd largest retail lender nationally during our first decade. Behind the scenes, we remained focused on reducing unit costs through operating leverage and automation, while investing in our marketing engine to drive more opportunities to the top of the funnel."
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy LDI?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on LDI
Wall Street analysts forecast LDI stock price to rise
3 Analyst Rating
0 Buy
1 Hold
2 Sell
Moderate Sell
Current: 1.690
Low
1.75
Averages
2.38
High
3.00
Current: 1.690
Low
1.75
Averages
2.38
High
3.00
About LDI
loanDepot, Inc. provides a customer-centric, technology-empowered residential mortgage platform. It is engaged in the origination of conventional and government mortgage loans, servicing conventional and government mortgage loans, and providing ancillary services. It engages in originating, financing, selling, and servicing residential mortgage loans and provides title, escrow, and settlement services for mortgage loan transactions. Its proprietary technology platform, mello, serves as a lead generation tool for these loan officers, particularly focusing on purchase originations. It has a loan product suite, including conventional agency-conforming loans, conventional prime jumbo loans, Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) loans, and home equity lines of credit. Its ancillary business includes settlement services, real estate services and insurance services. mello Home Services, LLC is its wholly owned captive real estate referral business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
loanDepot (LDI) Q4 2025 Earnings Call Transcript
See More
US Mortgage Applications Rise 3.2% Amid Market Volatility
- Mortgage Application Growth: According to the Mortgage Bankers Association, total mortgage application volume rose by 3.2% last week, indicating the kickoff of the spring market despite ongoing volatility from the Middle East situation.
- Increased Buyer Demand: The seasonally adjusted Purchase Index increased by 7.8%, 11% higher than the same week last year, demonstrating heightened buyer activity as winter weather improves.
- Refinancing Applications Slightly Up: Refinance applications rose by just 0.5% last week but were 81% higher than the same week a year ago, suggesting that borrowers are still seeking lower rates despite market fluctuations.
- Popularity of Adjustable-Rate Loans: The share of adjustable-rate mortgage applications increased to nearly 9%, reflecting consumer interest in lower rates, albeit with higher associated risks.
See More
loanDepot Reports Q4 2025 Earnings with Mixed Results
- Loan Origination Growth: loanDepot achieved a loan origination volume of $8.0 billion in Q4 2025, representing a 23% increase from $6.5 billion in Q3 2025, indicating strong market performance despite a decline in overall revenue.
- Widening Net Loss: The company reported an adjusted net loss of $21 million in Q4 2025, a significant increase from a $3 million loss in Q3 2025, reflecting rising costs and intensified market competition pressures.
- Rising Expenses: Total expenses increased by $8 million or 3% compared to the previous quarter, primarily driven by higher personnel costs, which negatively impacted the company's profitability and cash flow.
- Cash Flow Decline: The company's cash position decreased to $337 million at the end of Q4 2025, down $122 million from Q3 2025, reflecting investments in loan inventory and repayment of unsecured notes, which may affect future liquidity.
See More
loanDepot Q4 2025 Earnings Call Insights
- Loan Volume Recovery: loanDepot achieved $8.0 billion in loan origination for Q4 2025, a 23% increase from $6.5 billion in Q3, marking the highest level since 2022 and demonstrating the company's ability to gain market share amid industry consolidation.
- Financial Performance Fluctuations: Despite the increase in loan origination, the adjusted net loss for Q4 was $21 million, significantly up from $3 million in Q3, primarily due to lower gain on sale margins and rising expenses, reflecting cost pressures faced during expansion.
- Optimistic Outlook: The CFO projected first-quarter 2026 pull-through weighted lock volume between $7.75 billion and $8.75 billion, indicating confidence in market demand, while the expected gain on sale margin is between 270 and 300 basis points, showcasing efforts to control costs and enhance efficiency.
- Accelerated Technology Investment: The CEO emphasized that the introduction of AI technology is positively impacting business efficiency with high customer acceptance, which is expected to further strengthen the company's competitive position, particularly in digital transformation and customer acquisition.
See More
loanDepot Q4 Earnings Miss Expectations with Negative EPS
- Disappointing Earnings: loanDepot reported a Q4 GAAP EPS of -$0.10, missing expectations by $0.06, indicating challenges in profitability that could undermine investor confidence.
- Weak Revenue Growth: Despite a 20.7% year-over-year revenue increase to $310.26 million, the figure fell short of expectations by $25.19 million, highlighting pressures from increased competition and rising costs.
- Cautious Outlook: The company anticipates Q1 2026 origination volume between $6.75 billion and $7.75 billion, reflecting uncertainty in market demand that may impact future cash flow and profitability.
- Negative Market Reaction: Following the earnings release, loanDepot's shares fell 4.26% in after-hours trading, indicating investor concerns about the company's future performance and potential for further market volatility.
See More
loanDepot Set to Announce Q4 Earnings on March 10
- Earnings Announcement: loanDepot (LDI) is set to release its Q4 2023 earnings on March 10 after market close, with a consensus EPS estimate of -$0.02, reflecting a significant year-over-year increase of 88.2%, indicating resilience in challenging market conditions.
- Revenue Growth Expectations: The revenue estimate stands at $335.45 million, representing a 30.5% year-over-year growth, showcasing the company's strong performance in the real estate sector, which is expected to yield substantial revenue despite ongoing challenges.
- Performance Beat Record: Over the past year, loanDepot has beaten EPS estimates 50% of the time and revenue estimates 75% of the time, demonstrating the company's strong performance against analyst expectations, which bolsters investor confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and two downward adjustments, while revenue estimates experienced two upward revisions and one downward, reflecting mixed market sentiment regarding loanDepot's future performance, which may influence investor decisions.
See More
loanDepot (LDI) Q4 2025 Earnings Call Transcript
See More
US Mortgage Applications Rise 3.2% Amid Market Volatility
- Mortgage Application Growth: According to the Mortgage Bankers Association, total mortgage application volume rose by 3.2% last week, indicating the kickoff of the spring market despite ongoing volatility from the Middle East situation.
- Increased Buyer Demand: The seasonally adjusted Purchase Index increased by 7.8%, 11% higher than the same week last year, demonstrating heightened buyer activity as winter weather improves.
- Refinancing Applications Slightly Up: Refinance applications rose by just 0.5% last week but were 81% higher than the same week a year ago, suggesting that borrowers are still seeking lower rates despite market fluctuations.
- Popularity of Adjustable-Rate Loans: The share of adjustable-rate mortgage applications increased to nearly 9%, reflecting consumer interest in lower rates, albeit with higher associated risks.
See More
loanDepot Reports Q4 2025 Earnings with Mixed Results
- Loan Origination Growth: loanDepot achieved a loan origination volume of $8.0 billion in Q4 2025, representing a 23% increase from $6.5 billion in Q3 2025, indicating strong market performance despite a decline in overall revenue.
- Widening Net Loss: The company reported an adjusted net loss of $21 million in Q4 2025, a significant increase from a $3 million loss in Q3 2025, reflecting rising costs and intensified market competition pressures.
- Rising Expenses: Total expenses increased by $8 million or 3% compared to the previous quarter, primarily driven by higher personnel costs, which negatively impacted the company's profitability and cash flow.
- Cash Flow Decline: The company's cash position decreased to $337 million at the end of Q4 2025, down $122 million from Q3 2025, reflecting investments in loan inventory and repayment of unsecured notes, which may affect future liquidity.
See More
loanDepot Q4 2025 Earnings Call Insights
- Loan Volume Recovery: loanDepot achieved $8.0 billion in loan origination for Q4 2025, a 23% increase from $6.5 billion in Q3, marking the highest level since 2022 and demonstrating the company's ability to gain market share amid industry consolidation.
- Financial Performance Fluctuations: Despite the increase in loan origination, the adjusted net loss for Q4 was $21 million, significantly up from $3 million in Q3, primarily due to lower gain on sale margins and rising expenses, reflecting cost pressures faced during expansion.
- Optimistic Outlook: The CFO projected first-quarter 2026 pull-through weighted lock volume between $7.75 billion and $8.75 billion, indicating confidence in market demand, while the expected gain on sale margin is between 270 and 300 basis points, showcasing efforts to control costs and enhance efficiency.
- Accelerated Technology Investment: The CEO emphasized that the introduction of AI technology is positively impacting business efficiency with high customer acceptance, which is expected to further strengthen the company's competitive position, particularly in digital transformation and customer acquisition.
See More
loanDepot Q4 Earnings Miss Expectations with Negative EPS
- Disappointing Earnings: loanDepot reported a Q4 GAAP EPS of -$0.10, missing expectations by $0.06, indicating challenges in profitability that could undermine investor confidence.
- Weak Revenue Growth: Despite a 20.7% year-over-year revenue increase to $310.26 million, the figure fell short of expectations by $25.19 million, highlighting pressures from increased competition and rising costs.
- Cautious Outlook: The company anticipates Q1 2026 origination volume between $6.75 billion and $7.75 billion, reflecting uncertainty in market demand that may impact future cash flow and profitability.
- Negative Market Reaction: Following the earnings release, loanDepot's shares fell 4.26% in after-hours trading, indicating investor concerns about the company's future performance and potential for further market volatility.
See More
loanDepot Set to Announce Q4 Earnings on March 10
- Earnings Announcement: loanDepot (LDI) is set to release its Q4 2023 earnings on March 10 after market close, with a consensus EPS estimate of -$0.02, reflecting a significant year-over-year increase of 88.2%, indicating resilience in challenging market conditions.
- Revenue Growth Expectations: The revenue estimate stands at $335.45 million, representing a 30.5% year-over-year growth, showcasing the company's strong performance in the real estate sector, which is expected to yield substantial revenue despite ongoing challenges.
- Performance Beat Record: Over the past year, loanDepot has beaten EPS estimates 50% of the time and revenue estimates 75% of the time, demonstrating the company's strong performance against analyst expectations, which bolsters investor confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and two downward adjustments, while revenue estimates experienced two upward revisions and one downward, reflecting mixed market sentiment regarding loanDepot's future performance, which may influence investor decisions.
See More
