Filing Flows › loanDepot (LDI) › Q4 2024
loanDepot (LDI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 13, 2025
loanDepot (LDI) reported revenue of $257M for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and -18% from the quarter before. Operating margin was -32.7%, net loss $67.5M (26.2% of revenue).
loanDepot, Q4 2024: revenue $257M (+13% year over year), operating margin -32.7%, net loss $67.5M, operating cash flow $47.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $257M | -18% | +13% |
| Operating profit | −$84.1M | — | — |
| Net earnings | −$67.5M | — | — |
| Operating cash flow | $47.7M | — | — |
| Free cash flow | $40.8M | — | — |
What changed
Revenue was $257.5M in Q4 2024, up 13% year over year and down 18% from the previous quarter.
Operating costs exceeded revenue by $84.1M, an operating margin of -32.7%. Total costs grew 13% against revenue growth of 13%. The fastest-growing cost line was Sales & marketing (+30%). The quarter ended with a net loss of $67.5M, after a profit of $2.7M the previous quarter. Minority interests bore $34.2M of it: to shareholders the quarter was a loss of $33.2M.
Operating cash flow was $47.7M. Non-cash charges added back $8.8M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $100.4M. Capital expenditures of $6.9M left free cash flow of $40.8M.
Questions
What was loanDepot's revenue in the fourth quarter 2024?
loanDepot (LDI) reported revenue of $257M for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and -18% from the quarter before.
Was loanDepot profitable in the fourth quarter 2024?
Operating loss was $84.1M (-32.7% of revenue) and net loss $67.5M.
Source: loanDepot 10-K on SEC EDGAR.