{"id":62506,"date":"2026-03-11T03:00:13","date_gmt":"2026-03-11T02:00:13","guid":{"rendered":"https:\/\/housesmarketplace.com\/loandepot-reports-108m-loss-in-2025-even-as-volume-margins-improve\/"},"modified":"2026-03-11T03:00:13","modified_gmt":"2026-03-11T02:00:13","slug":"loandepot-reports-108m-loss-in-2025-even-as-volume-margins-improve","status":"publish","type":"post","link":"https:\/\/housesmarketplace.com\/ru\/loandepot-reports-108m-loss-in-2025-even-as-volume-margins-improve\/","title":{"rendered":"loanDepot reports $108M loss in 2025 even as volume, margins improve"},"content":{"rendered":"
\n

\u043a\u0440\u0435\u0434\u0438\u0442\u0434\u0435\u043f\u043e<\/strong> reported a smaller net loss for 2025 as revenue and margins improved, but results weakened in the fourth quarter as margins declined.<\/p>\n

The Irvine, California-based mortgage lender\u2019s \u0437\u0430\u0440\u0430\u0431\u043e\u0442\u043e\u043a<\/a> showed signs of recovery as the company aims to improve volume and market share.<\/p>\n

\u043a\u0440\u0435\u0434\u0438\u0442\u0434\u0435\u043f\u043e<\/a> posted a net loss of $108 million for the full year, down 47% from a $202 million loss in 2024, primarily driven by higher revenue. Its adjusted net loss totaled $66 million, compared with $95 million a year earlier.<\/p>\n

Revenue for the year rose 12% to $1.19 billion, while adjusted revenue increased 10% to $1.21 billion, reflecting higher pull-through weighted lock volume and improved margins. The company\u2019s pull-through weighted gain-on-sale margin increased to 336 basis points, up 19 bps from 2024.<\/p>\n

Annual expenses increased 1% to $1.31 billion, which the company said reflected efforts to maintain operating discipline and drive operating efficiencies. Adjusted EBITDA rose 46% to $122 million, up from $84 million in the prior year.<\/p>\n

Fourth-quarter figures<\/h2>\n

loanDepot reported a net loss of $33 million in Q4 2025, compared with a nearly $9 million loss in the \u0442\u0440\u0435\u0442\u0438\u0439 \u043a\u0432\u0430\u0440\u0442\u0430\u043b<\/a>, primarily due to lower revenue. The adjusted net loss totaled $21.5 million, compared with $3 million in Q3 2025.<\/p>\n

Quarterly revenue declined 4% to $310 million, while adjusted revenue fell 3% to $316 million, reflecting a decline in the pull-through weighted gain-on-sale margin, which fell from 339 to 324 bps during the three-month period.<\/p>\n

Loan origination volume increased 23% in Q4 2025 to $8.04 billion, the company\u2019s highest level since 2022. Purchase volume, however, accounted for only 49% of loans originated during the fourth quarter, down from 60% during the third quarter. Market share, meanwhile, rose 19% from the prior quarter to 1.4%.<\/p>\n

\u201cIn the fourth quarter, we originated the most volume since 2022, gained share in an expanding market and achieved a 71% recapture rate from our in-house \u043e\u0431\u0441\u043b\u0443\u0436\u0438\u0432\u0430\u043d\u0438\u0435<\/a> platform,\u201d loanDepot founder and CEO \u042d\u043d\u0442\u043e\u043d\u0438 \u0425\u0441\u0438\u0435\u0445<\/a> said during Tuesday\u2019s earnings call. \u201cThese results reflect progress in our return to the core competencies that enabled the scaling to become the second largest retail lender nationally during our first decade.<\/p>\n

\u201cBehind the scenes, we remained focused on reducing unit costs through operating leverage and automation, while investing in our marketing engine to drive more opportunities to the top of the funnel,\u201d Hsieh added.<\/p>\n

According to chief financial officer \u0414\u044d\u0432\u0438\u0434 \u0425\u0435\u0439\u0441<\/a>, \u201cthe fourth quarter reflected the emerging benefits of our investment in technology and operating efficiency during a period of higher volumes. \u2026 We increased adjusted revenue by 10% year-over-year while limiting expense growth to less than 1%, contributing to a 31% reduction in adjusted net loss. <\/p>\n

\u201cAs a result of this progress, we entered 2026 as a fundamentally stronger company than we were in 2025.\u201d<\/p>\n

During the call, Hayes limited his commentary to focus on the fourth quarter. He noted that quarterly expenses increased 3% to $342 million, driven mainly by personnel costs, which were partially offset by a decrease in some volume-related expenses.<\/p>\n

Adjusted EBITDA declined to $29 million, down from $49 million in the third quarter.<\/p>\n

The company ended Q4 2025 with $337 million in cash, down from $459 million in the previous quarter and \u201cprimarily reflecting investment in our loan inventory and full repayment of outstanding 2025 unsecured notes<\/a>\u00bb.<\/p>\n

\u201cOur pull-through weighted gain-on-sale margin for the fourth quarter came in at 324 basis points, at the high end of our guidance range of 300 to 325 basis points, but down compared to 339 basis points in the prior quarter,\u201d Hayes said.<\/p>\n

The company projects mortgage origination volume of $6.75 billion to $7.75 billion in the first quarter of 2026.<\/p>\n

The earnings report came just a day after loanDepot confirmed that, four years after exiting the broker channel, it had relaunched its wholesale division<\/a> under the leadership of Dan Pe\u00f1a, the company\u2019s president of partnership lending. The move was first anticipated <\/a>in\u00a0August\u00a0by\u00a0\u0416\u0438\u043b\u044c\u0435\u041f\u0440\u043e\u0432\u043e\u043b\u043e\u043a\u0430<\/strong>.<\/p>\n

loanDepot originally shut down its wholesale division in August 2022 after\u00a0\u0424\u0440\u044d\u043d\u043a \u041c\u0430\u0440\u0442\u0435\u043b\u043b<\/a>\u00a0became CEO. The relaunch follows Hsieh\u2019s return<\/a>\u00a0to lead loanDepot\u2019s day-to-day operations in Q1 2025. Hsieh officially reclaimed the\u00a0CEO\u2019s role on a permanent basis at the end of July.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

loanDepot reported a smaller net loss for 2025 as revenue and margins improved, but results weakened in the fourth quarter as margins declined. The Irvine, California-based mortgage lender\u2019s earnings showed signs of recovery as the company aims to improve volume and market share. loanDepot posted a net loss of $108 million for the full year, […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-62506","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nloanDepot reports $108M loss in 2025 even as volume, margins improve - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.com\/ru\/loandepot-reports-108m-loss-in-2025-even-as-volume-margins-improve\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"loanDepot reports $108M loss in 2025 even as volume, margins improve\" \/>\n<meta property=\"og:description\" content=\"loanDepot reported a smaller net loss for 2025 as revenue and margins improved, but results weakened in the fourth quarter as margins declined. 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