secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001831631-23-000073
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163123000073/0001831631-23-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163123000073/ldi-20230308.htm
  HTML page:      https://secwatch.observer/filing/0001831631-23-000073

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer