secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001831631-24-000198
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163124000198/0001831631-24-000198-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163124000198/ldi-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001831631-24-000198

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