---
schema_version: "secwatch.filing_event.v1"
accession: "0001831631-23-000288"
form_type: "8-K"
ticker: "LDI"
cik: "0001831631"
company_name: "loanDepot, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:07:35.108009+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# loanDepot narrows Q3 net loss to $34M; expands Vision 2025 cost cuts by $120M

## Summary
- Revenue $266M (-2% QoQ); net loss narrowed 31% QoQ to $34M; adjusted net loss $27M.
- Total expenses fell 8% QoQ to $305M; cash remains strong at $717M.
- Vision 2025 productivity program expanded to target $120M annualized cost reductions.
- Pull through weighted gain on sale margin improved to 2.93% from 2.85% QoQ.
- Diluted loss per share $0.09 vs $0.13 in Q2 2023 and $0.37 in Q3 2022.

## SEC filing metadata
- accession: 0001831631-23-000288
- form_type: 8-K
- ticker: LDI
- cik: 0001831631
- company_name: loanDepot, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831631/000183163123000288/0001831631-23-000288-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831631/000183163123000288/ldi-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831631-23-000288
- JSON: https://secwatch.observer/filing/0001831631-23-000288.json
- Plain text: https://secwatch.observer/filing/0001831631-23-000288.txt

## Key facts
- Earnings Releases
  loanDepot, Inc. reported the third quarter ended September 30, 2023 results: revenue $265,661, net income $34,262, EPS $(0.09) per diluted share.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $265,661
  - Net income: $34,262
  - EPS: $(0.09) per diluted share
  - Result: reported results
  source text: Gain on sale margin (2) 2.74 % 2.75 % 1.80 % 2.66 % 1.66 % Pull through weighted gain on sale margin (3) 2.93 % 2.85 % 2.03 % 2.69 % 1.92 % Financial Results Total revenue $ 265,661 $ 271,833 $ 274,192 $ 745,395 $ 1,086,141 Total expense 305,128 330,148 435,125 949,760 1,602,038 Net loss (34,262) (49,759) (137,482) (175,743) (452,623) Diluted loss per share $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831631/000183163123000288/0001831631-23-000288-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.