loanDepot, Inc. ( (LDI) ) has released its Q1 earnings. Here is a breakdown of the information loanDepot, Inc. presented to its investors.
loanDepot, Inc., a prominent player in the homeownership journey sector, offers a range of digital-first home purchase, refinance, and home equity lending products, aiming to make homeownership more accessible and rewarding.
In the first quarter of 2025, loanDepot reported a significant improvement in its financial performance, driven by higher volume, improved margins, and disciplined cost management. The company also announced leadership changes, with Founder Anthony Hsieh returning to day-to-day operations and set to assume the interim CEO role.
Key financial metrics for the quarter included a 23% increase in revenue to $274 million and a 21% rise in adjusted revenue to $278 million. The net loss narrowed to $41 million, a 43% improvement from the previous year, while adjusted EBITDA increased to $18 million from $2 million. Despite a $20 million loss in servicing revenue, the company saw strong mortgage revenue growth.
Looking ahead, loanDepot’s management remains focused on leveraging its multi-channel sales model, proprietary technology, and diverse product offerings to regain profitable market share. The company anticipates origination volumes between $5.0 billion and $7.5 billion in the second quarter of 2025, with a continued emphasis on innovation and growth.