loanDepot reports $108M loss in 2025

"In 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 servicing platform. These 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."

"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. The fourth quarter reflected the emerging benefits of our investment in technology and operating efficiency during a period of higher volumes."

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

loanDepot reported mixed Q4 2025 results with loan origination volume reaching $8.04 billion, the highest since 2022, and market share rising 19% to 1.4%. However, quarterly revenue declined 4% to $310 million, and the company posted a net loss of $33 million. Adjusted EBITDA surged 46% to $122 million, reflecting operating efficiencies and disciplined expense management, with annual expenses increasing only 1% to $1.31 billion. The gain-on-sale margin compressed from 339 to 324 basis points. Purchase volume represented only 49% of originations, down from 60% in Q3. Management attributed results to technology investments, operating leverage, and automation efforts while maintaining focus on core lending competencies and marketing initiatives.

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