loanDepot Q4 2022 net loss $157.8M; revenue down 76% YoY; FY net loss $610.4M

loanDepot, Inc.

Q4 revenue $169.7M vs $705.0M YoY; net loss $157.8M ($0.46 diluted EPS loss).
Full-year 2022 revenue $1.26B vs $3.72B in 2021; net loss $610.4M vs net income $623.1M.
Exceeded Vision 2025 expense reduction target: $519.3M annualized reduction from Q2 to Q4.
Ended 2022 with $864M cash; total expenses reduced $1.1B (36%) from 2021.
Launched HELOC solution and completed in-house servicing platform transition.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

loanDepot, Inc. reported the fourth quarter and year ending December 31, 2022 results: revenue $169,655, net income $(157,762), EPS $(0.46).

Period: the fourth quarter and year ending December 31, 2022
Revenue: $169,655
Net income: $(157,762)
EPS: $(0.46)
Result: reported results

Exact text from the filing

Gain on sale margin (2) 1.45 % 1.80 % 2.23 % 1.63 % 2.61 % Pull through weighted gain on sale margin (3) 2.21 % 2.03 % 2.81 % 1.94 % 3.07 % Financial Results Total revenue $ 169,655 $ 274,192 $ 705,026 $ 1,255,796 $ 3,724,704 Total expense 343,735 435,125 694,133 1,945,773 3,058,187 Net (loss) income (157,762) (137,482) 14,732 (610,385) 623,146 Diluted (loss)

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

loanDepot, Inc. reported year ended December 31, 2022 results: revenue $1,255,796, net income $(610,385), EPS $(1.75).

Period: year ended December 31, 2022
Revenue: $1,255,796
Net income: $(610,385)
EPS: $(1.75)
Result: reported results

Exact text from the filing

% 1.80 % 2.23 % 1.63 % 2.61 % Pull through weighted gain on sale margin (3) 2.21 % 2.03 % 2.81 % 1.94 % 3.07 % Financial Results Total revenue $ 169,655 $ 274,192 $ 705,026 $ 1,255,796 $ 3,724,704 Total expense 343,735 435,125 694,133 1,945,773 3,058,187 Net (loss) income (157,762) (137,482) 14,732 (610,385) 623,146 Diluted (loss) earnings per share $ (0.46) $

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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 0001831631-23-000073

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