(Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the transition period from _____to _____ Commission File Number: 001-40003 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 6561 Irvin ...

loanDepot (LDI) reported $273.62 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 22.8%. EPS of -$0.13 for the same period compares to -$0.21 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $275.8 million, representing a surprise of -0.79%. The company delivered an EPS surprise of -85.71%, with the consensus EPS estimate being -$0.07.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

loanDepot (LDI) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Speaker0 Good afternoon, and welcome to LoanDepot's First Quarter twenty twenty five Earnings Call. All participants are in a listen only mode. After the speakers' remarks, we will conduct a question and answer session. As a reminder, this conference call is being recorded. I would now like to turn the call over to Gerhard Erdeli, Senior Vice President, Investor Relations. Please go ahead. Speaker1 Thank you, and good afternoon, everyone. Thank ...

Revenue +6% QoQ +23% $274M YoY Q1 2025 -7% QoQ +11% YoY Origination vol. market share (1) 1.3% Market share PTNI -$46M Q1 2025 +45% QoQ +46% YoY PTNI +7% QoQ +29% 1.9% YoY Unit share Volume share Conv / Gov Delta: -5 / +1% QoQ -15 / +5% YoY Product Mix 1Q '25 FINANCIAL HIGHLIGHTS UPB & servicing revenue +1% QoQ -18% YoY UPB Expenses by Category $223 $265 $315 $257 $274 $0 $100 $200 $300 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Revenue ($M) $142 $114 $115 $116 $117 $70 $100 $130 $100 $140 Q1 '24 Q2 '24 Q3 '24 Q4 ' ...

loanDepot announces first quarter 2025 financial results Q1 was a quarter of positive momentum for the company. Higher volume, margins and ongoing cost discipline drive improved Q1 results. Company Founder and Executive Chairman Anthony Hsieh also returned to the company's day-to-day operations in Q1; Hsieh will focus on expanding originations and driving innovation through tech enablement. Current CEO Frank Martell set to transition to a board advisory role in June; Hsieh will assume interim CEO role at th ...

LoanDepot (LDI) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 6. On the ...

Company Overview - The company is the sixth largest retail-focused non-bank mortgage originator and the eighth largest overall retail originator as of March 13, 2025[18]. - The company aims to increase U.S. annual one-to-four family residential mortgage origination volume from $1.8 trillion in 2024 to $2.1 trillion in 2025, representing a 16% increase[21]. - The company's market share in loan originations increased from 1.0% in 2014 to 1.4% for the year ended December 31, 2024[39]. - As of December 31, 2024, the company employed approximately 4,900 employees, reflecting its commitment to a skilled workforce[54]. - The company holds 34 registered trademarks and 27 trademark applications in the U.S., along with 3 issued patents and 14 patent applications, indicating a strong focus on intellectual property[60]. Financial Performance - The company experienced a significant decline in loan origination activity in fiscal 2023, resulting in a net loss for both fiscal 2023 and 2024, with expectations of continued muted activity through at least 2025[157]. - Elevated interest rates have adversely affected demand for loan and real estate-related products, leading to lower margins and decreased revenues, with net losses reported for fiscal years 2022, 2023, and 2024[158][159]. - The company's profitability is directly affected by interest rate changes, with market value of closed LHFS and IRLCs declining as interest rates rise[85]. - The company has derived substantially all revenue from traditional mortgage loans, and efforts to expand into new consumer products may not succeed, potentially reducing expected revenue growth[72]. Regulatory Environment - The company is licensed as a loan originator in all 50 states and the District of Columbia, ensuring compliance with state regulations[44]. - The company is subject to a comprehensive regulatory framework, including the Dodd-Frank Act and various state-specific laws, which could materially affect its operations[46]. - The company engages proactively with regulators to stay ahead of regulatory trends, viewing its compliance infrastructure as a competitive advantage[41]. - The company is subject to regulatory investigations that could result in fines and penalties, adversely impacting reputation and financial results[188]. - The CFPB has broad enforcement powers, including the ability to impose civil money penalties for violations of consumer protection laws, which could lead to significant financial liabilities for the company[192]. Risk Management - The company's risk management policies and procedures may not be effective, exposing it to various operational risks[68]. - The company relies on internal models to manage risk, which may produce unreliable results if assumptions are inaccurate or if there are unprecedented events[90]. - The company may incur significant penalties under FIRREA and the False Claims Act for alleged violations, with settlements potentially totaling hundreds of millions of dollars[195]. - The company faces risks from VA guaranteed loans, where the guarantee may not cover losses or advances, potentially leading to significant financial impacts if no-bid situations increase[108]. Operational Efficiency - The company completed the transition of its servicing portfolio to an in-house platform in February 2023, enhancing operational efficiency[30]. - The company has developed a proprietary technology platform, mello®, aimed at enhancing compliance and operational efficiency in the financial services industry[40]. - The company plans to develop an AI-powered relationship management platform to enhance customer engagement in home buying and selling[25]. - The transition to in-house servicing from Cenlar FSB may lead to increased operational and compliance costs, with direct responsibility for regulatory compliance[105]. Market Conditions - The Federal Reserve raised the Federal Funds rate to a range of 5.25% - 5.50% in July 2023, impacting mortgage loan origination volumes due to decreased affordability and demand for refinancing[19]. - The company’s operations may be impacted by changes in regulatory requirements, which could increase compliance costs or restrict business practices[46]. - The geographic concentration of mortgage loan originations in states like California, Texas, and Florida may adversely affect the lending business due to economic conditions and property value declines[94]. - Adverse developments in the secondary mortgage loan market, including the MBS market, could materially impact liquidity and overall business performance[171]. Employee Development and Culture - The company provides extensive training and development programs for its employees, including a leadership academy for high-potential leaders[57]. - The company emphasizes a culture of diversity and inclusion, conducting annual pay equity monitoring and employee surveys to enhance workplace engagement[55]. - Attracting and retaining skilled personnel is critical, as competition for experienced employees is intensifying, which may increase labor costs[134]. Competition - The company faces intense competition from large commercial banks and independent loan originators, which may have greater resources and access to capital, impacting its competitive position[163]. - The company is subject to significant competition for attractive acquisition opportunities, which may impede its growth strategy if it cannot identify or consummate acquisitions effectively[81]. Technology and Cybersecurity - Technological advancements, including AI, are essential for competitiveness, but reliance on these technologies introduces operational vulnerabilities and compliance risks[145]. - Cybersecurity threats and technology failures pose significant risks to business operations and could increase operational costs[147]. - Cybersecurity risks have significantly increased, with a notable incident in January 2024 that may make the company more vulnerable to future attacks, potentially disrupting operations and damaging reputation[149][151].

U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Wednesday.Shares of Hello Group Inc. MOMO fell sharply during pre-market trading after reporting weak quarterly results.Hello Group posted fourth-quarter adjusted EPADS of 18 cents missing estimates of 21 cents per shares. The company's sales came in at $361.20 million missing expectations of $365.05 million.Hello Group shares dipped 12.4% to $6.50 in the pre-market trading session.Here are some other stocks movin ...

Financial Data and Key Metrics Changes - The company reported an adjusted net loss of $47 million in Q4 2024, compared to an adjusted net loss of $27 million in Q4 2023, primarily due to higher volume-related expenses, offset somewhat by higher adjusted revenues [15] - Adjusted total revenue for Q4 2024 was $267 million, an increase from $251 million in Q4 2023 [17] - Total expenses for Q4 2024 increased by $39 million or 13% from the prior year, driven by higher volume-related commission, direct origination, and marketing expenses [20] Business Line Data and Key Metrics Changes - Pull-through weighted rate lock volume was $5.6 billion in Q4 2024, a 27% increase from $4.4 billion in Q4 2023 [16] - Loan origination volume for the quarter was $7.2 billion, a 34% increase from $5.4 billion in the prior year [18] - Servicing fee income decreased from $132 million in Q4 2023 to $108 million in Q4 2024, reflecting a decrease in the size of the portfolio [19] Market Data and Key Metrics Changes - The mortgage market continued to remain depressed in 2023 and 2024, with volumes approaching generational lows [9] - The company expects pull-through weighted lock volume for Q1 2025 to be between $4.8 billion and $5.8 billion, reflecting a seasonal decrease in purchase activity [21] Company Strategy and Development Direction - The completion of the Vision 2025 strategic program marked significant progress for the company, focusing on resetting the cost structure and making investments in people, processes, products, and technology [10] - The company announced a new three-year plan, Project North Star, aimed at improving operational efficiency and customer experience [11][47] - The company is positioned to accelerate revenue growth and aims to become the lender of choice for American homeowners as the market recovers [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges in the housing and mortgage markets but emphasized the substantial opportunities for growth [13] - The company is maintaining heightened levels of liquidity to navigate the challenging mortgage market and aims to keep at least 5% of assets in liquidity [28] Other Important Information - The company ended the quarter with $422 million in cash and has made important investments in productivity initiatives [23] - The company plans to continue investing in its servicing asset, viewing it as a strategic asset [30] Q&A Session Summary Question: Current cash liquidity situation and servicing balances outlook for 2025 - Management indicated that they are maintaining heightened levels of liquidity and aim to keep around 5% of assets in liquidity throughout 2025 [27][28] Question: Drivers of sequential increase in G&A and servicing expenses - The increase in G&A expenses was attributed to a return to normalization after a prior insurance recovery, while servicing expenses were impacted by seasonal factors and a slight increase in delinquency rates [34][36] Question: Volume guidance for Q1 and comparison to third-party estimates - Management expects a sequential decline in locks in line with normal seasonality but is hopeful for share gains compared to third-party estimates showing a more significant decline [38] Question: Hiring expense plans in 2025 and operating leverage expectations - Management plans to continue strategic investments in revenue-generating expenses and expects operating leverage to increase as refinance markets improve [44] Question: Updates on Project North Star initiatives - Management confirmed ongoing investments in technology platforms to improve operational efficiency and announced two new joint ventures expected to ramp up in 2025 [47][49]

4Q 2024 INVESTOR PRESENTATION March 11, 2025 DISCLAIMER Forward-Looking Statements and Other Information This presentation and the related management commentary contain, and responses to investor questions may contain, forward-looking statements that can be identified by the fact that they do not relate strictly to historical or current facts and may contain the words "believe," "anticipate," "expect," "intend," "plan," "predict," "estimate," "project," "will be," "will continue," "will likely result," or o ...