loanDepot, Inc. Q2 2026 Earnings Release

loanDepot, Inc. reported its financial results for the second quarter ended June 30, 2026. The company experienced a strategic expansion into home equity lending, which drove a 25% increase in unit volume and an 18% increase in revenue compared to the previous quarter. Total revenue was $337 million, with an adjusted revenue of $308 million. The net loss narrowed to $7 million, an improvement from a $55 million net loss in the prior quarter. Adjusted EBITDA was $20 million, up from $14 million in the previous quarter. The company also repurchased $16 million of senior notes during the quarter. Operating leverage improved compared to the second quarter of 2025, with a 70% increase in return on marketing and a 12% decrease in cost per funded loan. The company anticipates Q3 2026 origination volume between $6.25 billion and $8.25 billion, with a pull-through weighted gain on sale margin between 360 and 390 basis points.