loanDepot reports Q2 2024: net loss $66M, but adjusted EBITDA $35M, best since downturn

loanDepot, Inc.

2024-Q2 EPS reported -$0.37

Revenue $265M; adjusted revenue $278M, highest since market downturn began in Q1 2022.
Pull-through weighted gain on sale margin 322 bps, also highest since downturn.
Net loss $66M, includes $27M cyber incident charge and $6M debt-extinguishment loss.
Completed $120M Vision 2025 productivity program; reduced corporate debt by $137M via tender exchange.
Reached tentative settlement of class-action litigation from January cyber incident.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.