earnings
confidence high
sentiment neutral
materiality 0.75
loanDepot Q1 2025 rev up 23% to $274M, net loss narrows to $41M; founder Hsieh to take interim CEO
loanDepot, Inc.
- Revenue $274M (+23% YoY); net loss $41M vs $72M prior year; diluted loss per share $0.11.
- Adjusted net loss $25M, adjusted EBITDA $18M vs $2M prior year; non-volume expenses down 3%.
- Pull-through weighted gain on sale margin 355 bps (+81 bps); loan origination volume $5.2B.
- Founder Anthony Hsieh returns to day-to-day ops; to become interim CEO in June; Frank Martell moves to board advisory role.
- Q2 2025 outlook: pull-through weighted rate lock volume $5.5-8.0B; GOS margin 300-350 bps.