loanDepot, Inc. (NYSE: LDI) shares continued their upward momentum in Friday's pre-market trading, soaring 5.28% following a strong performance in the previous session. The surge comes on the heels of the company's impressive third-quarter 2025 financial results, which significantly exceeded analyst expectations.
The mortgage lender reported a 14% year-over-year increase in revenue to $323 million for Q3 2025, with adjusted revenue rising 11% to $325 million, surpassing the consensus estimate of $312.94 million. loanDepot dramatically narrowed its net loss to $9 million from $25 million in the previous quarter. Notably, adjusted EBITDA saw a remarkable 90% increase to $48.79 million, beating the analyst forecast of $28.40 million. The company's pull-through weighted gain on sale margin also improved, increasing by 9 basis points to 339 basis points.
CEO Anthony Hsieh attributed the improved performance to a reshaped leadership team focused on operational excellence and leveraging loanDepot's unique assets. The company's CFO, David Hayes, highlighted their disciplined expense management, which contributed to the narrowing loss despite a 6% increase in expenses. With management's optimistic outlook and the company's demonstrated ability to improve financial metrics in a challenging market, investors appear increasingly confident in loanDepot's growth strategy and market position, driving the stock's significant upward movement.
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