LoanDepot Inc. - 2025年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2025 loanDepot, Inc. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Large accelerated filer☐Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2of theExchange Act). Yes☐No☒ As of May5, 2025,111,009,806shares of the registrant’s Class A common stock, par value $0.001 per share, were outstanding.Noshares of registrant’s Class Bcommon stock were outstanding,121,874,057shares of registrant’s Class C common stock were outstanding and97,026,671shares of registrant’s Class D commonstock were outstanding. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This report contains forward-looking statements that are based on our management’s beliefs and assumptions and oninformation currently available to our management. These forward-looking statements can be identified by the fact that they do notrelate strictly to historical or current facts and may contain the words “believe,” “anticipate,” “expect,” “intend,” “plan,” “predict,”“estimate,” “project,” “will be,” “will continue,” “will likely result,” or other similar words and phrases or future or conditional verbssuch as “will,” “may,” “might,” “should,” “would,” or “could” and the negatives of those terms. Examples of forward-looking Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actualresults, performance or achievements to be materially different from any future results, performance or achievements expressed orimplied by the forward-looking statements. Given these uncertainties, you should not place undue reliance on forward-looking Important factors that could cause actual results to differ materially from our expectations are included in Part I, Item 2“Management's Discussion and Analysis of Financial Condition and Results of Operations” in this report as well as Part I, Item 1A“Risk Factors” and Part II, Item 7 “Management's Discussion and Analysis of Financial Condition and Results of Operations” in our Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasonsactual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes loanDepot, Inc.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 1 –DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited consolidated financial statements were prepared in accordance with United States generallyaccepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 ofRegulation S-X. Accordingly, the statements do not include all of the information and footnotes required by GAAP for completefinancial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary Nature of Operations loanDepot, Inc. (together with its consolidated subsidiaries, the “Company”) was incorporated in Delaware on November 6,2020 to facilitate the initial public offering (“IPO”) of its Class A common stock and related transactions in order to carry on thebusiness of LD Holdings Group LLC (“LD Holdings”) and its consolidated subsidiaries. loanDepot, Inc.’s common stock began The Company engages in the originating, financing, selling, and servicing of residential mortgage loans, and engages in title,escrow, and settlement services for mortgage loan transactions. The Company derives income primarily from gains on the origination Cybersecurity Incident In January 2024, the Company identified a cybersecurity inci