earnings
confidence high
sentiment neutral
materiality 0.70
loanDepot Q2 net loss narrows to $25M; founder Hsieh named permanent CEO
loanDepot, Inc.
- Net loss $25M vs $41M in Q1; adjusted net loss $16M, adjusted EBITDA $26M.
- Revenue $283M (+3% QoQ); adjusted revenue $292M (+5% QoQ).
- Founder Anthony Hsieh appointed permanent CEO; President Jeff Walsh resigns effective Sep 5.
- Pull-through weighted GOS margin 330 bps, down 25 bps QoQ.
- Q3 guidance: pull-through weighted rate lock volume $5.25–7.25B; GOS margin 325–350 bps.
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