Loandepot

Q2 FY2026 EarningsQ2 FY26 results slightly missed consensus on the bottom line despite a minor revenue beat. Revenue of $337.3M marginally exceeded the $339.4M expected (-0.6% variance), but normalized EPS of -$0.02 (diluted) came in below the $0.00 consensus. The quarter was defined by strong HELOC volume growth following the 5x5 HomeLoan launch, offset by rising personnel costs and commission expenses. While top-line momentum is stabilizing, GAAP net loss attributable to the company remained significant at -$4.5M compared to the -$16M mean expectation, largely due to better-than-expected servicing fee income and valuation adjustments.