Revenue: As of FY2026 Q2, the actual value is USD 337.32 M.

EPS: As of FY2026 Q2, the actual value is USD -0.02.

EBIT: As of FY2026 Q2, the actual value is USD 35.25 M.

Net Income and Adjusted Net Income

loanDepot, Inc. reported a net loss of - $6,622 thousand for the second quarter of 2026, significantly narrowing from a net loss of - $54,942 thousand in the prior quarter. This represents an improvement compared to a - $54.9 million net loss in the first quarter of 2026. The adjusted net loss for the second quarter was - $29,226 thousand, an improvement from - $33,624 thousand in the prior quarter. The adjusted net loss was - $29.2 million, an improvement from - $33.6 million in the prior quarter.

Adjusted EBITDA

Adjusted EBITDA for the second quarter of 2026 was $20,478 thousand, an increase from $14,305 thousand in the prior quarter. Adjusted EBITDA stood at $20.5 million, up from $14.3 million in the prior quarter.

Revenue

Total revenue increased by 18% to $337,321 thousand in the second quarter of 2026, compared to $286,387 thousand in the prior quarter. Total revenue increased by 18% to $337.3 million on $6.6 billion of pull-through weighted lock volume. Adjusted total revenue grew to $307,551 thousand from $299,250 thousand in the prior quarter. Adjusted revenue for the quarter was $307.6 million.

Operating Costs

Total expenses increased less than 1% to $343,938 thousand in the second quarter of 2026, from $341,500 thousand in the prior quarter. Total expenses increased from $341.5 million in the first quarter of 2026 to $343.9 million, primarily due to higher commission and direct origination expenses aligned with increased origination volume. Non-volume related expenses decreased by $6.4 million from the first quarter of 2026.

Loan Origination Volume

Loan origination volume increased 4% to $7,993,712 thousand in the second quarter of 2026, up from $7,658,619 thousand in the first quarter of 2026. Funded volume reached $8.0 billion. Unit volume grew by 25% from the first quarter of 2026.

Gain on Sale Margin

The pull-through weighted gain on sale margin increased by 74 basis points to 3.45% in the second quarter of 2026, compared to 2.71% in the prior quarter.

Servicing Revenue and Portfolio

Servicing fee income was $111,964 thousand in the second quarter of 2026, up from $108,749 thousand in the prior quarter. The changes in fair value of servicing rights, net, improved to - $19,558 thousand from - $64,359 thousand in the prior quarter. The servicing portfolio’s unpaid principal balance reached $123,387,503 thousand, an increase of 2.2% from the prior quarter. The number of units in the servicing portfolio grew to 465,089, up 2.1% from the prior quarter. Strong market conditions allowed for the monetization of approximately $12 billion of servicing rights post quarter-end.

Balance Sheet

Cash and cash equivalents were $229,128 thousand as of June 30, 2026, down from $277,418 thousand as of March 31, 2026. Total assets decreased to $6,696,560 thousand from $7,246,519 thousand. Total liabilities were $6,363,514 thousand, down from $6,909,223 thousand. Total equity stood at $333,046 thousand, a slight decrease from $337,296 thousand in the prior quarter.

Debt Repurchases

loanDepot, Inc. repurchased $16.0 million of senior notes at an average purchase price of 90% of par, and an additional $26.5 million at an average purchase price of 86% of par post quarter-end through July 30, 2026.

Operational Metrics

Return on marketing increased by 70% from the second quarter of 2025, and cost-per-funded loan decreased by 12% from the second quarter of 2025. Purchase volume constituted 57% of total loans originated in the second quarter, an increase from 41% in the first quarter of 2026. The organic refinance consumer direct recapture rate decreased to 68% in the second quarter from 73% in the first quarter of 2026. Operating leverage improved since the second quarter of 2025. Marketing lead to funded loan conversion increased by 50%. Marketing cost per funding increased by 34%, while cost per funded loan decreased by 12%. Funded loan units per loan officer increased by 18%. Purchase market share increased to 1.27% from 0.95% in the first quarter of 2026.

Outlook for the Third Quarter of 2026

loanDepot, Inc. projects an origination volume between $6.25 billion and $8.25 billion for the third quarter of 2026. The company anticipates pull-through weighted rate lock volume to be between $5.25 billion and $7.25 billion. The pull-through weighted gain on sale margin is expected to range from 360 basis points to 390 basis points.