7Baggers
Quarterly
Annual
    Unit: USD2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 
      
    		                  
      non-interest income:
    		                  
      marketplace revenue
    		55,891,000 52,181,000 60,886,000 82,783,000 95,634,000 123,439,000 173,837,000 206,384,000 179,966,000 170,562,000 174,556,000 151,735,000 81,727,000      
      other non-interest income
    		1,909,000 1,948,000 2,958,000 3,035,000 3,356,000 4,026,000 7,400,000 7,448,000 9,891,000 8,549,000 6,322,000 6,741,000 5,607,000      
      total non-interest income
    		57,800,000 54,129,000 63,844,000 85,818,000 98,990,000 127,465,000 181,237,000 213,832,000 189,857,000 179,111,000 180,878,000 158,476,000 87,334,000      
      interest income:
    		                  
      interest on loans held for sale
    		14,699,000 15,883,000 9,582,000 4,433,000 5,757,000 5,724,000 5,879,000 7,130,000 7,450,000 7,153,000 8,536,000 8,694,000 5,157,000      
      interest and fees on loans and leases held for investment
    		132,393,000 145,223,000 158,960,000 162,085,000 150,467,000 141,069,000 124,028,000 108,911,000 91,442,000 76,964,000 57,644,000 39,068,000 15,301,000      
      interest on loans held for investment at fair value
    		8,409,000 9,494,000 11,788,000 21,692,000 26,892,000              
      interest on securities available for sale
    		35,347,000 20,920,000 9,467,000 5,948,000 3,900,000 3,359,000 3,820,000 4,426,000 4,511,000 3,071,000 3,180,000 2,539,000 2,235,000      
      other interest income
    		16,503,000 16,271,000 16,798,000 19,134,000 13,714,000 10,595,000 5,017,000 2,279,000 688,000 469,000 355,000 190,000 156,000      
      total interest income
    		207,351,000 208,319,000 207,412,000 214,486,000 202,413,000 173,999,000 143,220,000 128,468,000 111,653,000 97,655,000 82,860,000 67,727,000 44,590,000      
      interest expense:
    		                  
      interest on deposits
    		83,963,000 76,253,000 69,509,000 66,521,000 53,273,000 35,751,000 15,184,000 6,078,000 3,438,000 2,616,000 1,899,000 1,699,000 1,014,000      
      other interest expense
    		500,000 61,000 81,000 119,000 753,000              
      total interest expense
    		84,463,000 76,842,000 70,407,000 67,834,000 55,709,000 38,756,000 19,544,000 12,242,000 11,973,000 14,523,000 17,572,000 21,822,000 26,084,000      
      net interest income
    		122,888,000 131,477,000 137,005,000 146,652,000 146,704,000 135,243,000 123,676,000 116,226,000 99,680,000 83,132,000 65,288,000 45,905,000 18,506,000      
      total net revenue
    		180,688,000 185,606,000 200,849,000 232,470,000 245,694,000 262,708,000 304,913,000 330,058,000 289,537,000 262,243,000 246,166,000 204,381,000 105,840,000 75,914,000 74,713,000 43,869,000 120,206,000  
      yoy
    		-26.46% -29.35% -34.13% -29.57% -15.14% 0.18% 23.86% 61.49% 173.56% 245.45% 229.48% 365.89% -11.95%      
      qoq
    		-2.65% -7.59% -13.60% -5.38% -6.48% -13.84% -7.62% 14.00% 10.41% 6.53% 20.44% 93.10% 39.42% 1.61% 70.31% -63.51%   
      benefit from credit losses
    		31,927,000 41,907,000 64,479,000 66,595,000 70,584,000 61,512,000 82,739,000 70,566,000 52,509,000    21,493,000      
      non-interest expense:
    		                  
      compensation and benefits
    		59,554,000 58,591,000 58,497,000 71,553,000 73,307,000 87,768,000 84,916,000 85,103,000 81,610,000 78,741,000 73,304,000 71,925,000 64,420,000      
      marketing
    		24,136,000 23,465,000 19,555,000 23,940,000 26,880,000 35,139,000 46,031,000 61,497,000 55,080,000 50,708,000 50,782,000 35,107,000 19,545,000      
      equipment and software
    		12,684,000 13,190,000 12,631,000 13,968,000 13,696,000 13,200,000 12,491,000 12,461,000 11,046,000 12,019,000 10,297,000 9,281,000 7,893,000      
      depreciation and amortization
    		12,673,000 11,953,000 11,250,000 11,638,000 12,354,000 11,554,000 10,681,000 10,557,000 11,039,000 10,462,000 10,549,000 11,508,000 11,766,000      
      professional services
    		7,091,000 7,727,000 8,414,000 9,974,000 9,058,000 10,029,000 11,943,000 16,138,000 12,406,000 12,699,000 11,750,000 11,520,000 11,603,000      
      occupancy
    		3,861,000 3,926,000 4,612,000 4,684,000 4,310,000 4,698,000 5,051,000 6,209,000 6,019,000 4,706,000 6,486,000 6,157,000 6,900,000      
      other non-interest expense
    		12,234,000 11,163,000 13,076,000 15,322,000 17,703,000 17,656,000 15,106,000 17,421,000 14,004,000 18,885,000 15,607,000 14,641,000 12,125,000      
      total non-interest expense
    		132,233,000 130,015,000 128,035,000 151,079,000 157,308,000 180,044,000 186,219,000 209,386,000 191,204,000 188,220,000 178,775,000 160,139,000 134,252,000      
      income before income tax expense
    		16,528,000    17,802,000     -2,607,500 29,867,000 9,608,000 -49,905,000 -40,159,500 -34,399,000 -78,471,000 -47,768,000  
      income tax expense
    		-4,278,000    -4,136,000            319,000  
      net income
    		12,250,000 10,155,000 5,008,000 10,110,000 13,666,000 23,591,000 43,198,000 182,060,000           
      yoy
    		-10.36% -56.95% -88.41% -94.45%               
      qoq
    		20.63% 102.78% -50.46% -26.02% -42.07% -45.39% -76.27%            
      net income margin %
    		6.78% 5.47% 2.49% 4.35% 5.56% 8.98% 14.17% 55.16% 0% 0% 0% 0% 0% 0% 0% 0% 0%  
      earnings per share:
    		                  
      basic eps
    		0.11 0.068 0.05 0.09               
      diluted eps
    		0.11 0.068 0.05 0.09               
      weighted-average common shares – basic
    		110,685,796  109,071,180 107,892,590 106,912,139       97,785,089     86,505,560  
      weighted-average common shares – diluted
    		110,687,380  109,073,194 107,895,072 106,917,770       102,031,088     86,505,560  
      interest on retail and certificate loans held for investment at fair value
    		 528,000 817,000 1,194,000 1,683,000 2,390,000 3,685,000 5,091,000 6,969,000 9,236,000 12,172,000 16,014,000 20,262,000      
      interest on retail notes, certificates and secured borrowings
    		 923,500 817,000 1,194,000 1,683,000 2,390,000 3,685,000 5,091,000 6,969,000 9,236,000 12,172,000 16,014,000 20,262,000      
      income before income tax benefit
    		 13,684,000 8,335,000 14,796,000  21,152,000 35,955,000 50,106,000 45,824,000          
      income tax benefit
    		 -3,529,000 -3,327,000 -4,686,000  2,439,000 7,243,000 131,954,000 -4,988,000 38,000 2,682,000 237,000 -2,821,000 -324,000 -74,000    
      basic eps – common stockholders
    		    0.13              
      diluted eps – common stockholders
    		    0.13              
      interest on other loans held for investment at fair value
    		     503,750 791,000 631,000 593,000 762,000 973,000 1,222,000 1,479,000      
      interest on short-term borrowings
    		     63,000 87,000 417,000 435,000 561,000 849,000 1,003,000 1,264,000      
      interest on structured program borrowings
    		     159,000 225,000 360,000 764,000 1,642,000 2,120,000 2,668,000 3,208,000      
      interest on other long-term debt
    		     393,000 363,000 296,000 367,000 468,000 532,000 438,000 336,000      
      consolidated net income
    		        40,836,000 29,108,000 27,185,000 9,371,000 -47,084,000 -26,655,000 -34,325,000 -78,471,000 -48,087,000  
      non-interest income :
    		                  
      interest income :
    		                  
      interest expense :
    		                  
      benefit from (reversal of) credit losses
    		         23,412,750 37,524,000 34,634,000       
      non-interest expense :
    		                  
      net income per share
    		           0.1 -0.49 -0.28 -0.38 -0.87   
      weighted-average common shares – basic and diluted
    		            92,666,169 77,934,302 73,566,385 70,304,166   
      weighted-average common shares, as converted – basic and diluted
    		            2,648,758 12,505,393 17,335,485 19,562,714   
      net revenue:
    		                  
      transaction fees
    		             43,151,000 24,372,000 3,874,000 136,243,000  
      interest income
    		             32,950,000 46,773,000 60,560,000 69,411,000  
      interest expense
    		             -27,056,000 -32,440,000 -37,766,000 -44,241,000  
      net fair value adjustments
    		             -8,435,000 -696,000 -6,378,000 -101,738,000  
      net interest income and fair value adjustments
    		             -2,541,000 13,637,000 16,416,000 -76,568,000  
      investor fees
    		             24,940,000 25,850,000 19,315,000 41,759,000  
      gain on sales of loans
    		             7,088,000 7,739,000 1,724,000 14,261,000  
      net investor revenue
    		             29,487,000 47,226,000 37,455,000 -20,548,000  
      other revenue
    		             3,276,000 3,115,000 2,540,000 4,511,000  
      operating expenses:
    		                  
      sales and marketing
    		             13,347,000 7,201,000 8,723,000 49,784,000  
      origination and servicing
    		             16,774,000 15,595,000 17,830,000 20,994,000  
      engineering and product development
    		             29,189,000 31,984,000 39,167,000 38,710,000  
      other general and administrative
    		             43,583,000 54,332,000 56,620,000 58,486,000  
      total operating expenses
    		             102,893,000 109,112,000 122,340,000 167,974,000  
      less: income attributable to noncontrolling interests
    		                  
      lendingclub net income
    		             -26,655,000 -34,325,000 -78,471,000 -48,087,000  
      net income per share
    		           0.1 -0.49 -0.28 -0.38 -0.87   
      basic
    		                -1.1  
      diluted
    		                -1.1  
      weighted-average common shares, as converted – basic
    		                2,579,710  
      weighted-average common shares, as converted – diluted
    		                2,579,710  
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.