Loandepot Inc
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Why this colour
A little under a third: that is how much of the $175.2 million of debt interest 2025 earnings covered — the traffic light is red because several documented substance risks come together. Interest coverage is below one (about 0.3 in 2025, similar in the first half of 2026), about $797 million of notes come due by April 2028 against $229.1 million of cash, and since August 21, 2026 an NYSE deadline has been running because the stock trades below one dollar. The second-quarter 2026 signs of a turn and the founder’s share purchases are real, but they do not yet prove lasting earnings power. If you wait, check the next quarterly report: does the business turn profitable? How will the 2027 and 2028 notes be handled — and with whose money? The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
loanDepot is anchoring in its purest form: the highest close since the IPO was $31.48, and on October 16, 2026 the stock closed at $0.53. The business is slowly recovering — more loans, smaller losses, a founder buying shares. But after four loss-making years, equity has melted to $333.0 million, the interest is not being earned, about $797 million of notes come due by April 2028, and the NYSE has set a deadline. Buying means betting that the recovery outruns these clocks. Not investment advice.
Business model & market position
Fifth-largest retail-focused non-bank mortgage originator in the U.S. (2025), $26.48 billion of originations in 2025 and 465,089 serviced loans (06/30/2026). But the model depends heavily on interest rates and on short-term bank credit lines.
Earnings power
Four straight loss-making years (2022 to 2025: −$610.4 million, −$235.5 million, −$202.2 million and −$107.5 million) and −$61.6 million in the first half of 2026. In 2025, earnings before taxes and debt interest covered only a little under a third of the $175.2 million interest bill.
Debt & refinancing
About $797 million of senior notes mature in November 2027 and April 2028, against $229.1 million of cash at 06/30/2026. Management is evaluating “a range of options” with advisors and is selling servicing rights; notes were repurchased at 86 to 90 percent of par.
Listing & dilution
NYSE notice of 08/21/2026 for a price below one dollar, six months to cure, reverse split if necessary. Plus an at-the-market program of up to $100 million that would mean roughly 187 million new shares at the 10/16/2026 price on our math.
Signs of a turn
Second-quarter 2026 net loss down to $6.6 million (prior quarter $54.9 million), funded loan count +25 percent quarter over quarter, covenants met, and founder Anthony Hsieh bought one million shares for about $0.91 million in August/September 2026.
Worth Noting
loanDepot made our research list through our in-house Reddit hype scanner (4 mentions in 24 hours, rank 77, ApeWisdom, as of October 19, 2026).
Earnings and equity figures include the share of the Hsieh stockholders (noncontrolling interest), who hold about 31.4 percent of the operating holding company; the loss attributable to the listed loanDepot, Inc. is correspondingly smaller (2025: −$62.6 million). Interest coverage is our own calculation from pre-tax earnings plus “other interest expense” as reported in the annual report.
Valuation dated and evergreen: close of $0.534 on 10/16/2026, price cross-checked against the prospectus supplement of 05/15/2026 ($1.32 on 05/14/2026). The market value from the price feed ($237.5 million) was not used because it deviates by more than a fifth from share count times price.
Stock Watch
This analysis is as of October 19, 2026. Stock Watch will tell you what's changed at LDI since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 0.496 $ to 3.20 $ · Last price: 0.579 $ (As of: October 30, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 10/30/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Mortgage Finance
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Loandepot Inc LDI | 0.3 | – | 0.0 | 88.9 | -2.0 | 37.6 | -81.0 |
| Rocket Companies Inc RKT | 36.7 | – | 0.0 | 100.0 | 28.2 | 27.4 | -26.6 |
| PennyMac Finl Svcs Inc PFSI | 3.3 | – | 45.4 | 86.0 | 14.6 | 173.8 | -48.3 |
| UWM Holdings Corp UWMC | 2.6 | 5.1 | 22.1 | 100.0 | – | 65.8 | -71.0 |
| Guild Holdings Co GHLD | 1.2 | 9.9 | 0.0 | 100.0 | 23.6 | 60.9 | 71.1 |
| Walker & Dunlop Inc WD | 1.2 | – | 9.8 | 100.0 | 9.2 | 9.0 | -54.0 |
| Velocity Financial Llc VEL | 0.6 | 5.6 | 0.0 | 75.7 | – | 48.0 | -12.7 |
| Better Home & Finance Holding Company BETR | 0.4 | – | -0.9 | 100.0 | -56.9 | 59.4 | -70.5 |
| Onity Group Inc. ONIT | 0.2 | 1.3 | 54.0 | 93.5 | – | -0.2 | -25.8 |
| Median of companies shown | 1.2 | 5.3 | 0.0 | 100.0 | 11.9 | 48.0 | -48.3 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 1,342 | 213 | 169 | – | – | – | – |
| 2017 | 1,644 | 32 | 30 | 0.20 | -482 | – | – |
| 2018 | 1,133 | -103 | -103 | -0.70 | -429 | 349 | 3,437 |
| 2019 | 1,383 | 33 | 34 | 0.27 | -1,497 | 376 | 4,953 |
| 2020 | 4,345 | 2,015 | 2,013 | 15.93 | -2,031 | 1,657 | 10,893 |
| 2021 | 3,757 | 667 | 114 | 0.83 | -1,466 | 1,600 | 11,783 |
| 2022 | 1,412 | -690 | -273 | -1.75 | 4,461 | 1,409 | 7,098 |
| 2023 | 1,044 | -278 | -110 | -0.63 | -174 | 353 | 6,151 |
| 2024 | 1,117 | -243 | -98 | -0.53 | -858 | 273 | 6,344 |
| 2025 | 1,537 | 203 | -63 | -0.30 | -708 | 235 | 6,858 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q3 | 0.02 | 113.30 | 318 | 12.40 | 0.40 | -349 | -356 |
| 2024: Q4 | -0.24 | -203.90 | 283 | 13.60 | -11.80 | 41 | 34 |
| 2025: Q1 | -0.13 | 31.60 | 284 | 19.80 | -7.70 | -177 | -184 |
| 2025: Q2 | -0.08 | 11.10 | 305 | 13.10 | -4.40 | 65 | 58 |
| 2025: Q3 | -0.01 | -150.00 | 341 | 7.20 | -1.40 | 43 | 39 |
| 2025: Q4 | -0.10 | 60.50 | 410 | 45.00 | -5.50 | -639 | -648 |
| 2026: Q1 | -0.15 | -15.40 | 387 | 36.60 | -9.70 | -169 | -177 |
| 2026: Q2 | -0.11 | -37.50 | 324 | 6.30 | -1.40 | 520 | 510 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 11 of our scanner strategies — each hit links to the scanner.
Momentum & Trend
Research
Risk & Weakness
- Below the 50- & 200-SMA
- Downward Momentum
- Near 52-Week Low
- RS Weakness (≤10)
- Stage 4 (Downtrend)
- Stan Weinstein: Stage 4
- Stan Weinstein: Stage 4B-
- Weakness Cluster
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -0.19 | -0.40 – -0.05 | 1,250 | 38.9% | 3 |
| 12/31/2027 | -0.05 | -0.40 – 0.18 | 1,355 | 73.7% | 3 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
loanDepot beschreibt im Geschäftsbericht (10-K) für 2025 den eigenen Einsatz vorhersagender und generativer KI-Werkzeuge, darunter KI-Kundenberater, und eine wachsende Abhängigkeit von KI in den Kreditprozessen; KI ist dort ein Werkzeug im Hypothekengeschäft, keine eigene Umsatzquelle — und die Risikofaktoren nennen KI nicht als Bedrohung des Geschäftsmodells selbst.
View the full file — quotes, sources, reviewed filings
„We utilize AI solutions, including predictive and generative AI tools that collect, aggregate, and analyze data to assist in the development of our services and products and in the use of tools that support our business. These applications include AI customer representatives, which are expected to expand and become increasingly important in our operations over time."
Wir nutzen KI-Lösungen, darunter vorhersagende und generative KI-Werkzeuge, die Daten sammeln, bündeln und auswerten, um die Entwicklung unserer Dienstleistungen und Produkte sowie den Einsatz von Werkzeugen zu unterstützen, die unser Geschäft tragen. Zu diesen Anwendungen gehören KI-Kundenberater, deren Einsatz sich voraussichtlich ausweiten und im Lauf der Zeit für unseren Betrieb zunehmend wichtig werden wird.
10-K · 2026-03-12 · View SEC filing
„In addition, we increasingly rely on technological innovation, including AI, other emerging technologies, and third party solutions (including related party solutions), as we introduce new products, expand our current products into new markets and continue to streamline various loan-related and lending processes."
Darüber hinaus stützen wir uns zunehmend auf technologische Innovationen, darunter KI, andere neue Technologien und Lösungen Dritter (einschließlich Lösungen nahestehender Parteien), wenn wir neue Produkte einführen, bestehende Produkte in neue Märkte bringen und verschiedene kredit- und darlehensbezogene Abläufe weiter straffen.
10-K · 2026-03-12 · View SEC filing
„In addition, we may increasingly rely on technological innovation, including AI, other emerging technologies, and third party solutions, as we introduce new products, expand our current products into new markets and continue to streamline various loan-related and lending processes."
Darüber hinaus könnten wir uns zunehmend auf technologische Innovationen stützen, darunter KI, andere neue Technologien und Lösungen Dritter, wenn wir neue Produkte einführen, bestehende Produkte in neue Märkte bringen und verschiedene kredit- und darlehensbezogene Abläufe weiter straffen.
10-K · 2025-03-13 · View SEC filing
Filings Reviewed: 10-Q 2026-08-06 · 10-Q 2026-05-07 · 10-Q 2025-11-07 · 10-Q 2025-08-08 · 10-K 2026-03-12 · 10-K 2025-03-13
Rated on October 19, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 2.9%
- More than 10% revenue growth is expected for the coming year -18.7%
- Share count grows by less than 3% a year 10.6%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -10.2%
- Gross margin at 40% or higher and without meaningful erosion 88.3%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA 19.6 x EBITDA
- Operating cash flow covers the profits of the last three years -1,469 m
- Return on capital at 15% or higher, or up versus two years ago 5.1%
- Insiders hold at least 10% or are net buyers 3.4%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
0/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 1.5%
- Exp. sales growth 3Y > 5% -6.1%
- EBIT growth 10Y > 5% -0.5%
- Exp. EBIT growth 3Y > 5% -6.1%
- Net debt < 4x EBIT 23.1x
- EBIT positive, 10Y straight 6
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% –
- ROCE > 15% 5.1%
- Expected return > 10% -270.4%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 23, 2026 | DerGurahian Jeffrey Michael | Chief Investment Officer | Other | 1,598,390 | 0.00 | – |
| Sep 23, 2026 | DerGurahian Jeffrey Michael | Chief Investment Officer | Other | 1,598,390 | 0.00 | – |
| Sep 15, 2026 | Marchetti Dominick Edilio | Chief Digital Officer | Other | 24,825 | 0.7318 | 18,167 |
| Sep 15, 2026 | Marchetti Dominick Edilio | Chief Digital Officer | Other | 48,790 | – | – |
| Sep 14, 2026 | Grassi Joseph J III | Chief Legal & Risk Officer | Other | 14,094 | 0.8333 | 11,745 |
| Sep 14, 2026 | Grassi Joseph J III | Chief Legal & Risk Officer | Other | 31,250 | – | – |
| Sep 8, 2026 | Lepore Dawn G | Director | Other | 147,130 | 0.00 | – |
| Sep 8, 2026 | Lepore Dawn G | Director | Other | 147,130 | 0.00 | – |
| Sep 1, 2026 | Hsieh Anthony Li | Executive Chair, CEO & Pres. | Buy | 60,208 | 0.9172 | 55,223 |
| Aug 31, 2026 | Hsieh Anthony Li | Executive Chair, CEO & Pres. | Buy | 145,365 | 0.9449 | 137,355 |
The company
About the Company
loanDepot, Inc. engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity lines of credit and closed-end second liens. It also provides title, escrow, and settlement services for mortgage loan transactions; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies. The company was founded in 2010 and is headquartered in Irvine, California.
- Employees
- 4,626
- Headquarters
- Irvine, CA
- Address
- 6561 Irvine Center Drive, 92618 Irvine, United States
- Phone
- 888 337 6888
- Website
- loandepot.com
- IPO Date
- 02/11/2021
- ISIN
- US53946R1068
Management
| Name | Title | Birth Year |
|---|---|---|
| Anthony Li Hsieh | Founder, CEO, Chairman & President | 1965 |
| David R. Hayes | Chief Financial Officer | 1975 |
| Dominick E. Marchetti | Chief Digital Officer | 1974 |
| Jeffrey Michael DerGurahian | Executive VP, Chief Investment Officer & Head Economist | 1976 |
| Darren Graeler | Executive VP & Chief Accounting Officer | 1968 |
| George Brady | Executive VP & Chief Information Officer | – |
| Gerhard Erdelji | Senior Vice President of Investor Relations | – |
| Joseph J. Grassi III | Chief Legal & Risk Officer | 1963 |
| Rebecca Anderson | Senior VP of Strategic Communications & Public Relations | – |
| T. J. Freeborn | Chief Marketing & Customer Experience Officer | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 10/07/2026 loanDepot, Inc. (LDI): Entry into a Material Definitive Agreement; Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; Financial Statements and Exhibits SEC ↗
- 08/21/2026 loanDepot, Inc. (LDI): Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 08/04/2026 loanDepot, Inc. (LDI): Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
Data as of: October 30, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.