loanDepot Q3 net loss $137.5M, revenue down 11% QoQ; cash rises to $1.14B

loanDepot, Inc.

2022-Q3 EPS reported -$1.29

Net loss $137.5M vs $223.8M Q2 (down 38.6%); diluted EPS loss $0.37.
Revenue $274.2M (-11% QoQ); gain on sale margin 1.80% (up from 1.16%).
Total expenses reduced 22% to $435.1M; on track for $400M annualized savings by year-end 2022.
Cash balance increased 20% to $1.14B; digital HELOC launched.
Loan origination volume $9.85B (down 38% QoQ); rate lock volume $12.03B.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

loanDepot, Inc. reported third quarter ended September 30, 2022 results: revenue $274,192, net income $(137,482), EPS $(0.37).

Period: third quarter ended September 30, 2022
Revenue: $274,192
Net income: $(137,482)
EPS: $(0.37)
Result: reported results

Exact text from the filing

Gain on sale margin (2) 1.80 % 1.16 % 2.84 % 1.66 % 2.71 % Pull through weighted gain on sale margin (3) 2.03 % 1.50 % 2.99 % 1.92 % 3.13 % Financial Results Total revenue $ 274,192 $ 308,639 $ 923,756 $ 1,086,141 $ 3,019,678 Total expense 435,125 560,657 744,771 1,602,038 2,364,054 Net (loss) income (137,482) (223,822) 154,277 (452,623) 608,414 Diluted

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

loanDepot, Inc. filing history →

Source: SEC EDGAR

accession 0001831631-22-000323

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