Quarterly ResultMay 5, 2026, 04:17 PM
loanDepot Q1 Net Loss $55M; Revenue $286M; Market Share 1.39%
AI Summary
loanDepot, Inc. announced its Q1 2026 financial results, reporting a net loss of $55 million and an adjusted net loss of $34 million, both wider than the prior quarter. Revenue decreased 8% to $286 million, and adjusted EBITDA fell to $14 million. Despite a 5% decrease in loan origination volume to $7.66 billion, the company achieved market share gains to 1.39% and improved its organic refinance consumer direct recapture rate to 73%. The company provided a Q2 2026 outlook, projecting origination volume between $7.25 billion and $9.25 billion and a pull-through weighted gain on sale margin of 330 to 360 basis points.
Key Highlights
- Net loss was $55 million, compared to $33 million in the prior quarter.
- Adjusted net loss was $34 million, compared to $21 million in the prior quarter.
- Revenue decreased 8% to $286 million; adjusted revenue decreased 5% to $299 million.
- Adjusted EBITDA was $14 million, down from $29 million in the prior quarter.
- Loan origination volume decreased 5% to $7.66 billion, but market share increased to 1.39%.
- Pull-through weighted gain on sale margin decreased 53 bps to 271 basis points.
- Organic refinance consumer direct recapture rate increased to 73% from 71%.
- Q2 2026 outlook: origination volume $7.25B-$9.25B; gain on sale margin 330-360 bps.