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Get filing alertsloanDepot narrows Q2 loss to $7M on 25% unit volume growth, repurchases $43M of debt
Filed August 4, 2026 · Period ending August 4, 2026 · ~2 min read
Key Changes
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Q2 2026 net loss narrowed to $7M from $55M in Q1; adjusted EBITDA improved to $20M from $14M as revenue rose 18% to $337M while expenses increased less than 1%, reflecting better operating leverage.
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Origination volume rose 4% to $8.0B with unit volume up 25% quarter-over-quarter, driven by expansion into home equity lending; gain-on-sale margin expanded 74 basis points to 345 bps on product mix shift.
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Repurchased $16M of senior notes at 90% of par in Q2 and an additional $27M at 86% of par post-quarter through July 30, 2026; retained financial advisors to evaluate capital structure optimization and address bond maturities.
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Monetized approximately $10-12B of servicing rights after quarter-end to support liquidity; announced $12M of annualized productivity initiatives progressing through remainder of 2026.
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Q3 2026 guidance: origination volume $6.25B-up to $8.25B, pull-through weighted rate lock volume $5.25B-up to $7.25B, and gain-on-sale margin 360-390 bps, reflecting continued margin expansion from product mix shift.
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Summary
loanDepot reported materially improved Q2 2026 results, narrowing its net loss to $7 million from $55 million in the prior quarter as revenue growth substantially outpaced expense growth.
The 25% sequential increase in unit volume was driven by the company's strategic expansion into home equity lending through its 5X5 HomeLoan product, which contributed to a 74-basis-point expansion in gain-on-sale margin to 345 basis points. Operating leverage improved as revenue rose 18% while expenses increased less than 1%, and adjusted EBITDA turned positive at $20 million.
The company made progress on balance sheet management, repurchasing $43 million of senior notes at discounts to par (90% in Q2, 86% post-quarter) and monetizing approximately $10-12 billion of servicing rights to support liquidity. Management has retained financial advisors to evaluate options for optimizing the capital structure and addressing upcoming bond maturities, signaling potential refinancing or restructuring activity ahead. The $12 million of annualized productivity initiatives underway should support further margin improvement. Q3 guidance calls for origination volume of $6.25-up to $8.25 billion and gain-on-sale margin of 360-390 basis points, indicating management expects continued margin expansion from the product mix shift toward higher-margin home equity and government loans. The sequential improvement in profitability and proactive debt management are positive developments for a company that has been loss-making, though the need for capital structure optimization highlights ongoing refinancing risk tied to bond maturities.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
loanDepot announced Q2 2026 financial results via press release.
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On August 4, 2026, loanDepot, Inc. (the "Company") issued a press release announcing its results for the quarter ended June 30, 2026
loanDepot disclosed its financial results for the second quarter ended June 30, 2026. The 8-K body does not provide specific financial metrics; those details are contained in the press release furnished as Exhibit 99.1.
Event · Item 7.01 — Regulation FD Disclosure
loanDepot posted Q2 2026 earnings presentation on its investor relations website for conference call on August 4, 2026.
Show 1 minor / wording change
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On August 4, 2026, the Company posted on the Investor Relations section of its website at investors.loandepot.com a presentation (the “loanDepot Presentation”) on certain financial results and operating initiatives available for viewing during the Company’s conference call and webcast announcing its financial results for the quarter ended June 30, 2026, at 5:00 p.m. Eastern time on August 4, 2026.
loanDepot made available an investor presentation covering financial results and operating initiatives for the quarter ended June 30, 2026. The presentation was posted to the company's investor relations website in connection with its earnings conference call scheduled for 5:00 p.m. Eastern time on August 4, 2026. The presentation includes non-GAAP financial measures with reconciliations to GAAP.
Event · Exhibit 99.1
loanDepot reported Q2 2026 results with 25% unit volume growth, narrowed net loss to $7M, and repurchased $43M of senior notes at discounts to par.
Added in current filing · view on EDGAR → · paraphrased
Loan origination volume increased 4% to $7.99 billion and unit volume increased 25% from the first quarter of 2026, demonstrating meaningful progress in the Company's strategic expansion into home equity lending through its 5X5 HomeLoan product. Revenue grew 18% to $337 million and adjusted revenue increased 3% to $308 million compared to the prior quarter, primarily due to higher origination income and servicing revenue. Pull-through weighted gain on sale margin increased 74 basis points to 345 basis points, supported by the Company's deliberate mix shift toward higher-margin home equity and government loans. Net loss was narrowed to $7 million, compared with a net loss of $55 million in the prior quarter. Adjusted net loss was $29 million, compared with adjusted net loss of $34 million in the prior quarter. Adjusted EBITDA was $20 million, compared to adjusted EBITDA of $14 million in the prior quarter.
loanDepot reported Q2 2026 origination volume of $7.99 billion (up 4% sequentially) with unit volume up 25%, driven by expansion into home equity lending. Revenue rose 18% to $337 million while expenses increased less than 1%, improving operating leverage. Pull-through weighted gain on sale margin expanded 74 basis points to 345 basis points due to a product mix shift toward higher-margin home equity and government loans. The net loss narrowed substantially to $7 million from $55 million in Q1 2026, with adjusted EBITDA improving to $20 million from $14 million.
Added in current filing · view on EDGAR →
The Company repurchased $16 million of senior notes at an average purchase price of 90% of par during the quarter and repurchased an additional $27 million of notes at an average purchase price of 86% of par post quarter end through July 30, 2026.
loanDepot repurchased $16 million of senior notes at 90% of par during Q2 2026, plus an additional $27 million at 86% of par after quarter-end through July 30, 2026, for a total of $43 million in debt reduction at discounts to par. Management stated that addressing the Company's bond maturities remains a high priority and they are evaluating a range of options with retained advisors.
Added in current filing · view on EDGAR →
we took advantage of favorable market conditions to monetize approximately $10 billion of servicing rights after quarter end.
The CFO disclosed that loanDepot monetized approximately $10 billion of servicing rights after the end of Q2 2026, taking advantage of favorable market conditions. This transaction supports the company's stated priority of maintaining strong liquidity.
Added in current filing · view on EDGAR →
The Company has begun actioning approximately $12 million of annualized productivity initiatives progressing through the remainder of the year.
loanDepot announced approximately $12 million of annualized productivity initiatives that are being implemented through the remainder of 2026. This is part of the company's disciplined cost management efforts, which contributed to expenses increasing less than 1% sequentially while revenue grew 18%.
Event · Exhibit 99.2
loanDepot disclosed Q2 2026 results: $8.0B originations, $6.6M net loss, $42.5M senior note repurchases, and Q3 outlook of $5.25B-up to $7.25B lock volume.
Added in current filing · view on EDGAR →
Originations: $8.0 billion in funded volume, unit volume increased 25% from first quarter 2026 • Total Revenue: increased 18% to $337.3 million on $6.6 billion of pull-through weighted lock volume; Adjusted revenue(1) of $307.6 million • Total Expenses: increased from $341.5 million in the first quarter of 2026 to $343.9 million • Primarily reflecting higher commission and direct origination expenses in line with higher origination volume • Net loss of $6.6 million vs. $54.9 million in first quarter 2026 • Adjusted net loss(1) of $29.2 million and adjusted EBITDA(1) of $20.5 million compared to adjusted net loss(1) of $33.6 million and adjusted EBITDA(1) of $14.3 million in the prior quarter
loanDepot reported Q2 2026 originations of $8.0 billion with unit volume up 25% quarter-over-quarter. Total revenue rose 18% to $337.3 million while total expenses increased modestly to $343.9 million. The net loss narrowed sharply to $6.6 million from $54.9 million in Q1 2026, and adjusted EBITDA improved to $20.5 million from $14.3 million in the prior quarter, reflecting better operating leverage and higher origination volumes.
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Retained financial advisors to evaluate opportunities to optimize capital structure and address bond maturities
The company has engaged financial advisors to evaluate options for optimizing its capital structure and addressing upcoming bond maturities. This signals potential refinancing, restructuring, or other liability management actions in the near term.
Added in current filing · view on EDGAR →
Strong market conditions allowed us to monetize approximately $12 billion of our servicing rights post quarter-end
loanDepot monetized approximately $12 billion of mortgage servicing rights after the quarter ended, taking advantage of favorable market conditions. This transaction generates liquidity and may reduce servicing-related earnings volatility, though it also reduces the recurring revenue stream from servicing.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 5, 2026 · How we verify