Loan Depot, Inc. - Understand $ldi stock

$LDI Market Cap: $745.6 Million

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Financial Snapshot

Revenue

$1.224B

TTM

Gross Margin

94.51%

TTM

Net Earnings

-$92.29M

TTM

Current Assets

$741.8M

Q3 2024

Current Liabilities

$3.602B

Q3 2024

Current Ratio

20.6%

Q3 2024

Total Assets

$6.418B

Q3 2024

Total Liabilities

$5.826B

Q3 2024

Book Value

$592.0M

Q3 2024

Cash

$483.0M

Q3 2024

P/E

-8.079

Nov 29, 2024 EST

Free Cash Flow

-$1.135B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$1.289B	$1.256B	$3.725B	$4.312B	$1.337B	$1.271B	$1.436B	$1.342B
YoY Change	2.61%	-66.28%	-13.62%	222.49%	5.24%	-11.51%	7.03%	36.64%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$1.289B	$1.256B	$3.725B	$4.312B	$1.337B	$1.271B	$1.436B	$1.342B
Cost Of Revenue	$225.0M	$324.9M	$510.8M	$337.9M	$265.3M	$238.3M	$186.7M	$96.80M
Gross Profit	$1.064B	$1.276B	$3.878B	$4.390B	$1.322B	$1.032B	$1.249B	$1.245B
Gross Profit Margin	82.54%	101.62%	104.12%	101.81%	98.85%	81.25%	86.99%	92.78%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$939.8M	$1.547B	$2.651B	$2.007B	$1.091B	$1.006B	$1.070B	$1.031B
YoY Change	-39.26%	-41.63%	32.09%	83.97%	8.4%	-5.91%	3.69%	27.79%
% of Gross Profit	88.36%	121.25%	68.35%	45.71%	82.53%	97.47%	85.63%	82.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$41.26M	$42.00M	$35.00M	$35.20M	$36.80M	$36.30M	$31.90M
YoY Change	-1.76%	20.0%	-0.57%	-4.35%	1.38%	13.79%
% of Gross Profit	3.88%	3.29%	0.9%	0.8%	2.78%	3.52%	2.55%
Operating Expenses	$981.0M	$1.590B	$2.686B	$2.042B	$1.128B	$1.043B	$1.101B	$1.031B
YoY Change	-38.28%	-40.83%	31.53%	81.03%	8.21%	-5.34%	6.79%	27.79%
Operating Profit	$82.57M	-$313.3M	$1.192B	$2.348B	$193.5M	-$10.20M	$147.6M	$213.3M
YoY Change	-126.35%	-126.29%	-49.23%	1113.33%	-1997.06%	-106.91%	-30.8%	94.62%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	-$360.2M	$150.9M	$218.5M	$131.4M	$130.3M	-$93.10M	-$117.9M	-$40.00M
YoY Change	-338.71%	-30.93%	66.2%	0.84%	-240.0%	-21.03%	194.75%	-32.77%
% of Operating Profit	-436.26%		18.33%	5.6%	67.36%		-79.88%	-18.75%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	-$278.3M	-$690.0M	$666.5M	$2.015B	$32.67M	-$103.3M	$29.80M	$173.3M
YoY Change	-59.66%	-203.52%	-66.93%	6068.64%	-131.63%	-446.64%	-82.8%	245.91%
Income Tax	-$42.80M	-$79.59M	$43.37M	$2.248M	-$1.749M	-$500.0K	$1.400M	$4.500M
% Of Pretax Income			6.51%	0.11%	-5.35%		4.7%	2.6%
Net Earnings	-$110.1M	-$273.0M	$113.5M	$0.00	$0.00	-$110.4M	$20.90M	$168.8M
YoY Change	-59.66%	-340.5%			-100.0%	-628.23%	-87.62%	241.7%
Net Earnings / Revenue	-8.55%	-21.74%	3.05%	0.0%	0.0%	-8.69%	1.46%	12.58%
Basic Earnings Per Share		-$1.75	$0.87
Diluted Earnings Per Share	-$0.63	-$1.75	$0.87	$6.592M	$105.8K	-$339.7K	$64.31K	$519.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018
Cash & Short-Term Investments	$660.7M	$864.0M	$419.6M	$284.0M	$73.00M	$106.0M
YoY Change	-23.53%	105.91%	47.74%	289.04%	-31.13%
Cash & Equivalents	$660.7M	$864.0M	$419.6M	$284.0M	$73.00M	$106.0M
Short-Term Investments
Other Short-Term Assets	$27.48M	$156.0M	$140.3M	$77.00M	$53.00M	$50.00M
YoY Change	-82.39%	11.17%	82.23%	45.28%	6.0%
Inventory
Prepaid Expenses
Receivables		$145.3M	$56.18M	$138.0M	$121.0M	$130.0M
Other Receivables		$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$688.2M	$1.165B	$616.1M	$499.0M	$247.0M	$286.0M
YoY Change	-40.94%	89.14%	23.46%	102.02%	-13.64%
Property, Plant & Equipment	$100.2M	$128.6M	$159.9M	$151.0M	$143.0M	$91.00M
YoY Change	-22.03%	-19.61%	5.9%	5.59%	57.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$113.3M	$114.7M	$91.43M	$18.00M	$17.00M	$42.00M
YoY Change	-1.21%	25.4%	407.93%	5.88%	-59.52%
Other Assets	$87.13M	$116.5M	$201.0M	$204.0M	$44.00M	$8.000M
YoY Change	-25.24%	-42.02%	-1.46%	363.64%	450.0%
Total Long-Term Assets	$5.463B	$5.445B	$11.20B	$10.39B	$4.706B	$3.151B
YoY Change	0.33%	-51.37%	7.72%	120.87%	49.35%
Total Assets	$6.151B	$6.610B	$11.81B	$10.89B	$4.953B	$3.437B
YoY Change
Accounts Payable	$195.5M	$357.9M	$136.6M	$93.00M	$81.00M	$61.00M
YoY Change	-45.36%	161.98%	46.9%	14.81%	32.79%
Accrued Expenses	$104.1M	$117.6M	$238.4M	$376.0M	$167.0M	$52.00M
YoY Change	-11.47%	-50.68%	-36.59%	125.15%	221.15%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$70.80M	$29.88M	$34.00M	$18.00M	$16.00M
YoY Change	-100.0%	136.96%	-12.13%	88.89%	12.5%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$303.5M	$546.3M	$552.4M	$503.0M	$266.0M	$129.0M
YoY Change	-44.44%	-1.1%	9.82%	89.1%	106.2%
Long-Term Debt	$4.221B	$4.436B	$9.085B	$7.293B	$4.092B	$2.704B
YoY Change	-4.84%	-51.18%	24.58%	78.23%	51.33%
Other Long-Term Liabilities	$841.8M	$706.2M	$408.6M	$1.441B	$219.0M	$255.0M
YoY Change	19.2%	72.86%	-71.65%	557.99%	-14.12%
Total Long-Term Liabilities	$5.063B	$5.142B	$9.494B	$8.734B	$4.311B	$2.959B
YoY Change	-1.54%	-45.84%	8.7%	102.6%	45.69%
Total Liabilities	$5.798B	$6.176B	$11.29B	$10.89B	$4.577B	$3.088B
YoY Change	-6.13%	-45.29%	3.63%	137.99%	48.22%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021
Basic Shares Outstanding	174.9M shares	156.0M shares	130.0M shares
Diluted Shares Outstanding	174.9M shares	156.0M shares	130.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $745.56 Million

About loanDepot, Inc.

loanDepot, Inc. engages in the business of originating, financing, selling, and servicing residential mortgage loans, title, escrow, and settlement services for mortgage loan transactions. The company is headquartered in Irvine, California and currently employs 4,250 full-time employees. The company went IPO on 2021-02-11. The firm is engaged in the origination of conventional and government mortgage loans, servicing conventional and government mortgage loans, and providing ancillary services. The company is engaged in originating, financing, selling, and servicing residential mortgage loans and provides title, escrow, and settlement services for mortgage loan transactions. Its technology platform, mello, serves as a lead generation tool for these loan officers, particularly focusing on purchase originations. The firm and its mellohome operating unit offer an integrated platform of lending, loan servicing, real estate and home services that support customers along their entire homeownership journey. Its loan product suite includes conventional agency-conforming loans, conventional prime jumbo loans, Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) loans, and home equity lines of credit.

Industry: Finance Services Peers: Greystone Housing Impact Investors LP Bridgewater Bancshares Inc GREENE COUNTY BANCORP INC Guild Holdings Co Rocket Companies, Inc. SOUTHERN MISSOURI BANCORP, INC. Waterstone Financial, Inc. Velocity Financial, Inc.