Filing Flows › LendingTree (TREE) › Q2 2025
LendingTree (TREE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
LendingTree (TREE) reported revenue of $250M for the second quarter 2025 (Q2 2025), +19% from a year earlier and +4% from the quarter before. Operating margin was 8.4%, net earnings $8.9M (3.5% of revenue).
LendingTree, Q2 2025: revenue $250M (+19% year over year), operating margin 8.4%, net earnings $8.9M, operating cash flow $28.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $250M | +4% | +19% |
| Gross profit | $85.1M | +8% | +17% |
| Operating profit | $20.9M | — | +118% |
| Net earnings | $8.9M | — | +14% |
| Operating cash flow | $28.0M | — | — |
| Free cash flow | $25.2M | — | — |
What changed
Revenue was $250.1M in Q2 2025, up 19% year over year and up 4% from the previous quarter. Insurance was the largest line at 59% of revenue. Insurance added $25.1M year over year (up 21%), 63% of the total change.
Gross margin was 34.0%, down 0.5 points from a year earlier. Operating profit was $20.9M, a 8.4% margin (up 3.8 points year over year). Of the extra revenue versus a year earlier, 28% reached operating profit, above the 5% margin then. Operating expenses grew 2% against revenue growth of 19%. Net earnings were $8.9M, up 14% year over year. The effective tax rate was 17.7%.
Operating cash flow was $28.0M, 315% of net earnings. Non-cash charges added back $5.5M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items added $8.4M. Capital expenditures of $2.7M left free cash flow of $25.2M.
Questions
What was LendingTree's revenue in the second quarter 2025?
LendingTree (TREE) reported revenue of $250M for the second quarter 2025 (Q2 2025), +19% from a year earlier and +4% from the quarter before.
Was LendingTree profitable in the second quarter 2025?
Operating profit was $20.9M (8.4% of revenue) and net earnings $8.9M.
Source: LendingTree 10-Q on SEC EDGAR.