Filing Flows › loanDepot (LDI) › Q1 2025
loanDepot (LDI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
loanDepot (LDI) reported revenue of $274M for the first quarter 2025 (Q1 2025), +23% from a year earlier and +6% from the quarter before. Operating margin was -16.8%, net loss $40.7M (14.9% of revenue).
loanDepot, Q1 2025: revenue $274M (+23% year over year), operating margin -16.8%, net loss $40.7M, operating cash flow −$177M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $274M | +6% | +23% |
| Operating profit | −$46.1M | — | — |
| Net earnings | −$40.7M | — | — |
| Operating cash flow | −$177M | -471% | — |
What changed
Revenue was $273.6M in Q1 2025, up 23% year over year and up 6% from the previous quarter.
Operating costs exceeded revenue by $46.1M, an operating margin of -16.8%. Total costs grew 4% against revenue growth of 23%. The fastest-growing cost line was Sales & marketing (+35%). The quarter ended with a net loss of $40.7M, narrower than the previous quarter's $67.5M loss. Minority interests bore $18.8M of it: to shareholders the quarter was a loss of $21.9M.
Operating cash flow was −$176.8M. Non-cash charges added back $7.7M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $149.4M. Capital expenditures of $6.8M exceeded it, leaving free cash flow of −$183.5M.
Questions
What was loanDepot's revenue in the first quarter 2025?
loanDepot (LDI) reported revenue of $274M for the first quarter 2025 (Q1 2025), +23% from a year earlier and +6% from the quarter before.
Was loanDepot profitable in the first quarter 2025?
Operating loss was $46.1M (-16.8% of revenue) and net loss $40.7M.
Source: loanDepot 10-Q on SEC EDGAR.