---
schema_version: "secwatch.filing_event.v1"
accession: "0001831631-24-000110"
form_type: "8-K"
ticker: "LDI"
cik: "0001831631"
company_name: "loanDepot, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:54:39.809970+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# loanDepot reports Q1 net loss of $72M; cyber incident cost $15M in charges, $22M lost revenue

## Summary
- Revenue $223M (+7% YoY); net loss $72M vs $92M YoY; adjusted net loss $38M.
- Cyber incident incurred $15M in direct charges and an estimated $22M revenue loss from system downtime.
- Loan origination volume $4.56B; gain on sale margin 2.84%; rate lock volume $6.80B.
- Cash balance $604M; achieved 93% of $120M supplemental productivity program through April.
- Management expects no further disruptions from cyber incident; focus remains on returning to profitability.

## SEC filing metadata
- accession: 0001831631-24-000110
- form_type: 8-K
- ticker: LDI
- cik: 0001831631
- company_name: loanDepot, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831631/000183163124000110/0001831631-24-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831631/000183163124000110/ldi-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831631-24-000110
- JSON: https://secwatch.observer/filing/0001831631-24-000110.json
- Plain text: https://secwatch.observer/filing/0001831631-24-000110.txt

## Key facts
- Earnings Releases
  loanDepot, Inc. reported first quarter ended March 31, 2024 results: revenue $223 million, net income Net loss of $72 million, EPS $(0.19) per diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $223 million
  - Net income: Net loss of $72 million
  - EPS: $(0.19) per diluted share
  - Result: reported results
  source text: results Positive revenue and cost momentum partially offset by the impact of January cyber incident. Year-over year highlights: • Revenue increased $15 million or 7% to $223 million primarily driven by higher servicing income and pull through weighted gain on sale margin, partially offset by revenue loss due to the cyber incident. • Expenses decreased $7
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831631/000183163124000110/0001831631-24-000110-index.htm

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