loanDepot reports Q3 loss, cuts debt by $114 M and projects lower Q4 origination
loanDepot released its third‑quarter 2026 results, showing an adjusted loss of $0.08 per share and revenue of about $307 million. The lender sold roughly $19 billion of mortgage‑servicing rights and repurchased $87 million of senior notes, which lowered net debt by $114 million. Management highlighted a gain‑on‑sale margin of 399 basis points and guided Q4 origination volume to $4.5‑$6.5 billion, targeting breakeven or profitability by mid‑2027.
Why it matters
The company says the debt reduction improves liquidity and supports its turnaround plan. Management expects the business to reach breakeven or profitability by the first half of 2027. The lower Q4 volume guidance signals reduced near‑term revenue potential for investors.
Key facts
- 1Adjusted earnings were $‑0.08 per diluted share (adjusted loss $30.8 million). fool.com
- 2Revenue was $307.14 million. investing.com
- 3Origination volume was $7 billion, a 12% sequential decline. fool.com
- 4Pull‑through weighted gain‑on‑sale margin was 399 basis points. investing.com
- 5Mortgage‑servicing rights sales totaled $19 billion. fool.com
- 6Debt repurchases amounted to $87 million. fool.com
Open questions
- Net loss is reported as $28.7 million and $31 million.
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.