loanDepot Inc. Class A Common Stock (LDI)

FairStock Score: 59/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am wary of mortgage originators. loanDepot originates, sells, finances and services residential mortgages, with ancillary title, escrow, real estate and insurance services. That is a commodity business with no durable moat; volume and margins are hostage to interest rates, housing turnover, and credit conditions. The numbers confirm the cyclical pain. In fiscal Q3 2025, the quarter ended 2025-09-30, net income was -$4.9M. In fiscal Q1 2026, ended 2026-03-31, the net loss was -$37.5M, and in fiscal Q2 2026, ended 2026-06-30, it narrowed to -$4.5M. Annual filed losses were -$110.1M in FY2023, -$98.3M in FY2024, and -$62.6M in FY2025. Losses are narrowing, but there is no profit, and the Lynch screen rightly puts it in no category because it has lost money four years running. The FairStock calculations show P/B 0.64, P/E -1.79, ROE -26.71%, ROCE -1.60%, and D/E 18.07, with a Piotroski F-Score of 5/9 and a FairStock Score of 59/100. A price of $0.56 on 2026-10-13, near the 52-week low of $0.55 and far below the high of $3.80, looks cheap against book but not against earnings. The balance sheet is levered, beta is 3.11, and mortgage banking requires confidence from warehouse lenders and counterparties. Missing are bank-specific measures like CET1, net interest margin, combined ratio, servicing delinquency and repurchase reserve data. Without those, I cannot assess underwriting risk. This is a speculative turnaround, not a Graham-style bargain: asset value may cushion, but continuing losses can erode it.

In plain English: loanDepot makes and services home loans in the U.S. It has lost money for four years, and the latest quarter was still slightly negative. The stock looks cheap compared with the value of its assets minus its debts, but that mainly reflects a weak and risky business.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer