For the quarter ending 2026-03-31, LC had -$108,575K decrease in cash & cash equivalents over the period. -$644,774K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total net revenue | - | 37,914 | - | - |
| Total non-interest expense | - | 34,120 | - | - |
| Income before income tax benefit (expense) | - | 3,794 | - | - |
| Income tax (expense) benefit | - | -233 | - | - |
| Profit Loss | - | 4,027 | - | - |
| Equity in undistributed earnings of subsidiary | - | 131,650 | - | - |
| Net income | 51,603 | 41,554 | 44,274 | 49,849 |
| Net fair value adjustments | -88,925 | -39,451 | -38,375 | -57,120 |
| Change in fair value of loan servicing assets | 15,574 | 16,822 | 11,912 | 30,723 |
| Gain on sales of loans | 16,269 | 15,546 | 17,799 | 25,742 |
| Depreciation and amortization | - | - | 16,879 | 29,369 |
| Provision for credit losses | 390 | 47,158 | 46,280 | 97,882 |
| Accretion of deferred origination fees and marketing costs | 13,516 | 14,830 | 15,984 | 31,547 |
| Stock-based compensation, net | 7,574 | 8,203 | 8,499 | 17,584 |
| Depreciation and amortization | 15,819 | 62,889 | - | - |
| Other, net | 55 | -2,353 | -1,749 | -5,893 |
| Net change to loans held for sale | 767,998 | 1,048,063 | 902,132 | 1,317,153 |
| Other assets | -11,306 | 2,983 | -12,499 | -24,077 |
| Other liabilities | -12,343 | 5,473 | -15,375 | 9,595 |
| Net cash used for operating activities | -618,990 | -903,767 | -770,823 | -1,052,350 |
| Net change in loans and leases | 252,617 | -71,191 | -164,201 | -85,143 |
| Purchases of securities available for sale | 44,416 | 5,000 | 19,250 | 6,202 |
| Proceeds from maturities and paydowns of securities available for sale | 505,504 | 498,638 | 472,737 | 815,390 |
| Purchases of property, equipment and software, net | 25,784 | 15,578 | 21,003 | 103,760 |
| Other investing activities | 144 | 460 | 800 | 3,088 |
| Net cash provided by investing activities | 182,543 | 548,791 | 595,885 | 787,483 |
| Principal payments on borrowings | - | 0 | 0 | 0 |
| Other financing activities | - | -11,955 | -5,977 | -4,161 |
| Net change in deposits | 354,358 | 451,698 | 252,264 | 65,953 |
| Net issuances under equity incentive plans | 13,869 | - | - | - |
| Share repurchases | 12,617 | - | - | - |
| Net cash provided by (used in) financing activities | 327,872 | 439,743 | 246,287 | 61,792 |
| Net decrease in cash, cash equivalents and restricted cash | -108,575 | 84,767 | 71,349 | -203,075 |
| Cash, cash equivalents and restricted cash, beginning of period | 930,437 | 845,670 | 977,396 | - |
| Cash, cash equivalents and restricted cash, end of period | 821,862 | 930,437 | 845,670 | - |
LendingClub Corp (LC)
LendingClub Corp (LC)