loanDepot returns to profitability in Q3 2024; net income $3M vs loss a year ago

loanDepot, Inc.

2024-Q3 EPS reported -$0.36

Revenue $315M (+18% YoY); adjusted revenue $329M (+26%). Pull-through gain on sale margin 329 bps, highest since downturn.
Net income $3M (diluted EPS $0.01) vs net loss $34M (-$0.09) in Q3 2023; adjusted net income $7M vs adjusted net loss $29M.
Adjusted EBITDA $64M vs $15M prior year; cash balance $483M supporting liquidity.
Completed Vision 2025 restructuring; launched Project North Star strategic plan for durable revenue growth and efficiency.
Announced Ridgeland Mortgage JV with Smith Douglas Homes to expand homebuilder partnerships.

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.