loanDepot Q1 2023 net loss narrows 42% QoQ to $91.7M; revenue up $38.2M

loanDepot, Inc.

2023-Q1 EPS reported -$0.25

Revenue $207.9M vs $169.7M in Q4 2022; gain-on-sale margin improved to 2.43%.
Net loss $91.7M ($0.25 diluted EPS) vs $157.8M loss in Q4; expenses cut $29.3M.
Pull-through weighted lock volume $5.3B, up from $4.2B in Q4 2022.
Cash balance $798.1M; CEO expects improving results in Q2 and Q3 2023.
Company continues Vision 2025 cost restructuring and purpose-driven lending focus.

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 0.9

loanDepot, Inc. reported financial results for the first quarter ended March 31, 2023.

Period: the first quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 9, 2023, loanDepot, Inc. (the "Company") issued a press release announcing its results for the three months ended ended March 31, 2023 (the “Earnings Press Release”).

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

loanDepot, Inc. filing history →

Source: SEC EDGAR

accession 0001831631-23-000147

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