loanDepot (LDI) Operating Expenses (2020 - 2026)
loanDepot (LDI) posted Operating Expenses of $341.5 million for Q1 2026, little changed on a QoQ basis from $342.1 million in Q4 2025, and up 6.81% year-over-year from $319.7 million in Q1 2025.
loanDepot (LDI) Operating Expenses (2020 - 2026) Analysis & Trends
loanDepot's Operating Expenses history runs 7 years deep, the most recent figure standing at $341.5 million for Q1 2026.
- Quarterly Operating Expenses rose 6.81% year-over-year to $341.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.3 billion (up 1.31% YoY) and the FY2025 annual result came in at $1.3 billion, up 0.55% from the prior year.
- Operating Expenses was $341.5 million for Q1 2026 at loanDepot, roughly flat from $342.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $606.3 million in Q1 2022 and bottomed at $302.6 million in Q4 2023.
- A 5-year average of $361.9 million and a median of $333.6 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses tumbled 50.48% — and 2024, when it grew 12.9%.
- loanDepot's Operating Expenses stood at $343.7 million in 2022, then dropped by 11.98% to $302.6 million in 2023, then gained by 12.9% to $341.6 million in 2024, then gained by 0.14% to $342.1 million in 2025, then retreated by 0.16% to $341.5 million in 2026.
- Business Quant data shows LDI's Operating Expenses at $341.5 million in Q1 2026, $342.1 million in Q4 2025, and $333.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 38.33 Bn | 35.64 Bn | - | 2.54 Bn |
| 2 | Federal National Mortgage Association Fannie Mae | 35.67 Bn | 35.67 Bn | - | 2.18 Bn |
| 3 | Federal Home Loan Mortgage | 18.11 Bn | 13.64 Bn | - | 2.02 Bn |
| 4 | PennyMac Financial Services | 4.41 Bn | 3.76 Bn | 523.89 Mn | 440.29 Mn |
| 5 | CNFinance Holdings | 3.28 Bn | 3.20 Bn | - | - |
| 6 | Walker & Dunlop | 1.64 Bn | 1.44 Bn | - | 275.38 Mn |
| 7 | Velocity Financial | 681.36 Mn | -6.51 Bn | - | 54.34 Mn |
| 8 | UWM Holdings | 540.43 Mn | 116.43 Mn | - | 575.39 Mn |
| 9 | Better Home & Finance Holding | 362.34 Mn | 298.07 Mn | - | 98.41 Mn |
| 10 | loanDepot | 116.93 Mn | -46.56 Mn | - | 341.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 341.50 Mn |
| Dec 31, 2025 | 342.06 Mn |
| Sep 30, 2025 | 333.61 Mn |
| Jun 30, 2025 | 314.87 Mn |
| Mar 31, 2025 | 319.72 Mn |
| Dec 31, 2024 | 341.59 Mn |
| Sep 30, 2024 | 311.00 Mn |
| Jun 30, 2024 | 342.55 Mn |
| Mar 31, 2024 | 307.95 Mn |
| Dec 31, 2023 | 302.57 Mn |
| Sep 30, 2023 | 305.13 Mn |
| Jun 30, 2023 | 330.15 Mn |
| Mar 31, 2023 | 314.48 Mn |
| Dec 31, 2022 | 343.74 Mn |
| Sep 30, 2022 | 435.13 Mn |
| Jun 30, 2022 | 560.66 Mn |
| Mar 31, 2022 | 606.26 Mn |
| Dec 31, 2021 | 694.13 Mn |
| Sep 30, 2021 | 744.77 Mn |
| Jun 30, 2021 | 749.41 Mn |