loanDepot narrows loss 46% on higher volumes, extends debt maturities amid modest 2026 outlook

Filed March 12, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 13, 2025 · ~1 min read

Key Changes

• high

  Net loss improved $94.6M to $107.5M as origination revenue rose 12% to $1.19B; Adjusted EBITDA climbed $38.3M to $122.0M, reflecting higher volumes and operating leverage after Vision 2025 restructuring concluded.

  MD&A: Financial Performance verify on EDGAR →
• high

  MBA forecasts 8% market growth for 2026 vs. 16% projected for 2025; refinance activity expected to grow only 10% vs. 30% prior year, signaling headwinds for volume-dependent revenue.

  MD&A: Market Outlook verify on EDGAR →
• high

  Debt restructured with $310M now secured (vs. all unsecured prior year); warehouse capacity expanded $500M to $4.2B across 11 facilities, but cash declined $84M to $337M as borrowings rose.

  MD&A: Liquidity & Debt verify on EDGAR →