Filing Flows › loanDepot (LDI) › Q4 2025
loanDepot (LDI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
loanDepot (LDI) reported revenue of $310M for the fourth quarter 2025 (Q4 2025), +21% from a year earlier and -4% from the quarter before. Operating margin was -10.3%, net loss $32.8M (10.6% of revenue).
loanDepot, Q4 2025: revenue $310M (+20% year over year), operating margin -10.3%, net loss $32.8M, operating cash flow −$639M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $310M | -4% | +21% |
| Operating profit | −$31.8M | — | — |
| Net earnings | −$32.8M | — | — |
| Operating cash flow | −$639M | -1571% | -1440% |
What changed
Revenue was $310.3M in Q4 2025, up 21% year over year and down 4% from the previous quarter.
Operating costs exceeded revenue by $31.8M, an operating margin of -10.3%. Total costs grew 0% against revenue growth of 21%. The quarter ended with a net loss of $32.8M, wider than the previous quarter's $8.7M loss. Minority interests bore $10.3M of it: to shareholders the quarter was a loss of $22.5M.
Operating cash flow was −$638.7M. Non-cash charges added back $5.4M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $616.4M. Capital expenditures of $9.3M exceeded it, leaving free cash flow of −$648.0M.
Questions
What was loanDepot's revenue in the fourth quarter 2025?
loanDepot (LDI) reported revenue of $310M for the fourth quarter 2025 (Q4 2025), +21% from a year earlier and -4% from the quarter before.
Was loanDepot profitable in the fourth quarter 2025?
Operating loss was $31.8M (-10.3% of revenue) and net loss $32.8M.
Source: loanDepot 10-K on SEC EDGAR.