Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 301M | 18.3% |
| Gross Profit | -101M | 0.3% |
| Cost of Revenue | 245M | 6.1% |
| Operating expense | 113M | 18.6% |
| Net Income | -32M | 6% |
| EBITDA | 1.1M | 116.5% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 5.94B | 4% |
| Total Liabilities | 5.36B | 3.5% |
| Total Equity | 579M | 9.2% |
| Shares Outstanding | 182M | 0.5% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -278M | 0.1% |
| Cash from investing | 436M | 738.3% |
| Cash from financing | -205M | 229% |
EPS
Financial Highlights for LoanDepot in Q2 '24
LoanDepot reported a revenue of 301M, which is a 18.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -101M, marking a -0.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 245M, a 6.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 113M, showing a 18.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -32M, showing a 6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.1M, showing a 116.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
LoanDepot faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
