loanDepot Revenue Falls to $307.145 Million as Third-Quarter Losses Widen
Key Facts
loanDepot reported revenue of $307.145 million in the third quarter of 2026, down from the second quarter and the same period a year earlier, according to a filing with the U.S. Securities and Exchange Commission. Revenue was $337.321 million in the second quarter of 2026 and $323.324 million in the third quarter of 2025. The comparison shows revenue declined both quarter over quarter and year over year during the reported period. The company also posted a net loss of $28.686 million, compared with a loss of $6.622 million in the prior quarter and $8.734 million a year earlier. Diluted loss per share was $0.08 in the third quarter.
Loan origination volume fell 12% from the second quarter to $7.05 billion in the third quarter. Unit count, however, rose 7% quarter over quarter, according to the filing, putting the decline in the value of loans originated alongside an increase in their number. The year-over-year comparison cited by Chief Executive Anthony Hsieh differed: he said the company increased loan origination volume 8% from the third quarter of 2025. He added that unit count rose 33% year over year and purchase loan volume increased 10%. The indicators present a mixed picture, with activity declining in value from the prior quarter while growing compared with the same period last year.
On margins, the company said its weighted gain-on-sale margin, adjusted for loans funded, rose 54 basis points from the second quarter to 399 basis points in the third quarter. The filing linked the improvement to a product mix shift toward higher-margin home equity loans. The margin improvement came as quarterly loan origination volume fell to $7.05 billion. The indicator therefore moved in a different direction from total loan origination volume on a quarter-over-quarter basis. The figures in the filing show changes in product mix and gain-on-sale margin alongside a decline in revenue compared with the two reference quarters.
On costs, loanDepot raised its estimate of annualized savings expected from productivity initiatives to $25 million, from a previous estimate of $12 million. The company said these savings are expected during the remainder of 2026. The new estimate puts productivity savings among the company's plans for the rest of the year, as quarterly results showed a larger net loss than in the prior quarter and the year-earlier period. The available filing did not specify a more precise timing for the savings. The $25 million remains a company estimate, not savings already realized during the third quarter.
On financing, Chief Financial Officer David Hayes said the company continues to pursue financing alternatives to refinance or extend its debt. He added that the focus is on extending debt maturities. The effort puts maturity management among the matters the company is addressing after reporting third-quarter results. The available filing did not provide details about financing counterparties or the terms of the alternatives under consideration. It also did not specify a date for completing a refinancing or debt extension.
The company's investor relations page said the third-quarter earnings conference call was scheduled for November 9, 2026, at 1:00 p.m. Eastern time. In trading, LDI closed at $0.6399 on November 6, 2026, according to EL7 data. That information alone does not establish the stock's percentage change on the earnings announcement session. The available information also does not include a verified price for the November 9 session or the stock's movement after the results were published. The market's reaction to the quarterly figures therefore depends on verified trading data for that session.