NASDAQ : HAPN
LendingClub Corporation — Financial statements
Financials · Banks · United States
Last price 16.04 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.85B
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Financial statements
LendingClub Corporation (HAPN) reported revenue of 1.40B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 249.52M | 52.01M | 65.87M | 85.10M | 73.09M | 115.76M |
| Other Revenue | 1.15B | 1.28B | 1.10B | 1.05B | 1.20B | 776.72M |
| Revenue | 1.40B | 1.33B | 1.16B | 1.14B | 1.27B | 892.48M |
| Cost of Revenue | 321.95M | 298.86M | 283.35M | 315.43M | 388.60M | 324.50M |
| Gross Profit | 636.96M | 450.39M | 275.78M | 279.98M | 536.37M | 412.82M |
| Selling, General & Admin | 302.91M | 211.38M | 148.25M | 146.54M | 270.24M | 227.96M |
| Other Operating Expenses | 61.71M | 57.45M | 53.25M | 57.26M | 64.19M | 55.11M |
| Operating Expenses | 367.17M | 273.44M | 210.02M | 220.79M | 361.77M | 322.79M |
| Operating Income | 269.79M | 176.95M | 65.76M | 59.19M | 174.60M | 90.03M |
| Interest Expense | -698.00K | -4.57M | -21.56M | -71.59M | ||
| EBT Excluding Unusual Items | 269.79M | 176.95M | 65.07M | 54.62M | 153.04M | 18.44M |
| Pretax Income | 269.79M | 176.95M | 65.07M | 54.62M | 153.04M | 18.44M |
| Income Tax Expense | 59.21M | 41.27M | 13.74M | 15.68M | -136.65M | -136.00K |
| Earnings From Continuing Operations | 210.58M | 135.68M | 51.33M | 38.94M | 289.69M | 18.58M |
| Net Income | 210.58M | 135.68M | 51.33M | 38.94M | 289.69M | 18.58M |
| Net Income to Common | 210.58M | 135.68M | 51.33M | 38.94M | 289.69M | 18.58M |
| Shares Outstanding (Basic) | 115.41M | 114.61M | 111.73M | 108.47M | 103.55M | 98.14M |
| Shares Outstanding (Diluted) | 117.76M | 117.23M | 113.12M | 108.47M | 104.00M | 102.15M |
| EPS (Basic) | 1.82 | 1.18 | 0.46 | 0.36 | 2.80 | 0.19 |
| EPS (Diluted) | 1.79 | 1.16 | 0.45 | 0.36 | 2.79 | 0.18 |
| Free Cash Flow | -2.87B | -2.87B | -2.69B | -1.20B | 306.09M | 205.46M |
| Free Cash Flow Per Share | -24.41 | -24.46 | -23.77 | -11.03 | 2.94 | 2.01 |
| Gross Margin | 45.42% | 33.74% | 23.76% | 24.66% | 42.24% | 46.26% |
| Operating Margin | 19.24% | 13.26% | 5.67% | 5.21% | 13.75% | 10.09% |
| Profit Margin | 15.02% | 10.17% | 4.42% | 3.43% | 22.81% | 2.08% |
| Free Cash Flow Margin | -204.98% | -214.82% | -231.58% | -105.35% | 24.11% | 23.02% |
| EBITDA | 335.36M | 239.84M | 119.10M | 106.39M | 218.43M | 134.32M |
| EBITDA Margin | 23.91% | 17.97% | 10.26% | 9.37% | 17.20% | 15.05% |
| D&A For EBITDA | 65.57M | 62.89M | 53.33M | 47.20M | 43.83M | 44.28M |
| EBIT | 269.79M | 176.95M | 65.76M | 59.19M | 174.60M | 90.03M |
| EBIT Margin | 19.24% | 13.26% | 5.67% | 5.21% | 13.75% | 10.09% |
| Effective Tax Rate | 21.95% | 23.32% | 21.11% | 28.71% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 777.73M | 917.65M | 954.06M | 1.25B | 1.06B | 687.13M |
| Cash & Short-Term Investments | 777.73M | 917.65M | 954.06M | 1.25B | 1.06B | 687.13M |
| Other Receivables | 52.73M | 43.92M | 40.39M | 35.79M | 30.90M | |
| Receivables | 52.73M | 43.92M | 40.39M | 35.79M | 30.90M | |
| Finance Div. Loans and Leases | 4.66B | 5.76B | 4.53B | 4.95B | 4.82B | 3.09B |
| Restricted Cash | 15.33M | 12.78M | 23.34M | 41.64M | 67.45M | 76.46M |
| Total Current Assets | 5.50B | 6.73B | 5.54B | 6.28B | 5.97B | 3.91B |
| Property, Plant & Equipment | 11.01M | 16.86M | 29.84M | 43.69M | 98.07M | 138.89M |
| Long-Term Investments | 3.58B | 3.37B | 3.12B | 1.31B | 129.39M | 340.49M |
| Other Intangible Assets | 82.77M | 72.75M | 69.61M | 90.54M | 101.99M | 91.55M |
| Long-Term Deferred Tax Assets | 99.83M | 96.16M | 137.16M | 151.41M | 173.69M | |
| Other Long-Term Assets | 128.30M | 93.86M | 91.42M | 108.21M | 91.54M | 101.95M |
| Total Assets | 13.29B | 11.57B | 10.63B | 8.83B | 7.98B | 4.90B |
| Accounts Payable | 94.25M | 87.34M | 78.13M | 54.62M | 98.17M | 100.97M |
| Short-Term Debt | 27.61M | |||||
| Current Portion of Leases | 1.24M | 7.97M | ||||
| Finance Div. Debt Current | 165.00K | |||||
| Finance Div. Other Current Liabilities | 832.43M | 2.39B | ||||
| Total Current Liabilities | 927.92M | 2.49B | 78.13M | 54.62M | 98.17M | 128.75M |
| Long-Term Debt | 12.96M | 10.70M | 80.91M | |||
| Finance Div. Debt Long-Term | 6.40M | 64.15M | 271.93M | |||
| Finance Div. Other Long-Term Liabilities | 10.65B | 7.44B | 9.07B | 7.33B | 6.39B | 3.14B |
| Long-Term Leases | 9.11M | 7.85M | 28.50M | 37.87M | 77.29M | 91.59M |
| Other Long-Term Liabilities | 107.74M | 130.35M | 113.91M | 130.31M | 172.58M | 341.11M |
| Total Liabilities | 11.69B | 10.07B | 9.29B | 7.58B | 6.82B | 4.05B |
| Common Stock | 1.15M | 1.15M | 1.13M | 1.10M | 1.06M | 1.01M |
| Additional Paid-In Capital | 1.70B | 1.72B | 1.70B | 1.67B | 1.63B | 1.56B |
| Retained Earnings | -32.77M | -201.80M | -337.48M | -388.81M | -427.75M | -717.43M |
| Comprehensive Income & Other | -71.16M | -18.16M | -24.24M | -30.30M | -37.62M | 7.05M |
| Total Common Equity | 1.59B | 1.50B | 1.34B | 1.25B | 1.16B | 850.24M |
| Shareholders' Equity | 1.59B | 1.50B | 1.34B | 1.25B | 1.16B | 850.24M |
| Total Liabilities & Equity | 13.29B | 11.57B | 10.63B | 8.83B | 7.98B | 4.90B |
| Total Debt | 10.34M | 15.83M | 28.50M | 57.22M | 152.15M | 472.21M |
| Net Cash (Debt) | 767.39M | 901.83M | 925.56M | 1.20B | 904.88M | 214.92M |
| Net Cash Per Share | 6.52 | 7.69 | 8.18 | 11.02 | 8.70 | 2.10 |
| Filing Date Shares Outstanding | 115.20M | 115.18M | 113.38M | 110.41M | 106.57M | 101.04M |
| Total Common Shares Outstanding | 115.40M | 115.37M | 113.38M | 110.41M | 106.55M | 101.04M |
| Working Capital | 4.58B | 4.25B | 5.47B | 6.22B | 5.87B | 3.78B |
| Book Value Per Share | 13.81 | 13.01 | 11.83 | 11.34 | 10.93 | 8.41 |
| Tangible Book Value | 1.43B | 1.35B | 1.20B | 1.09B | 986.59M | 682.97M |
| Tangible Book Value Per Share | 12.43 | 11.72 | 10.55 | 9.83 | 9.26 | 6.76 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 210.58M | 135.68M | 51.33M | 38.94M | 289.69M | 18.58M |
| Depreciation & Amortization | 65.57M | 62.89M | 53.33M | 47.20M | 43.83M | 44.28M |
| Loss (Gain) From Sale of Assets | -72.88M | -59.09M | -49.10M | -47.84M | -95.33M | -70.12M |
| Asset Writedown & Restructuring Costs | 2.10M | 5.50M | ||||
| Stock-Based Compensation | 29.51M | 34.29M | 40.07M | 52.39M | 66.36M | 66.76M |
| Provision & Write-off of Bad Debts | 20.70M | 191.32M | 178.27M | 243.56M | 267.33M | 138.80M |
| Other Operating Activities | 17.50M | 7.09M | 17.58M | -37.07M | -158.23M | 24.05M |
| Change in Other Net Operating Assets | -11.19M | 33.29M | 15.96M | -32.85M | -37.60M | 16.64M |
| Operating Cash Flow | -2.79B | -2.73B | -2.63B | -1.14B | 375.57M | 239.87M |
| Capital Expenditures | -87.53M | -140.34M | -54.30M | -59.51M | -69.48M | -34.41M |
| Cash Acquisitions | 522.89M | |||||
| Investment in Securities | 2.08B | 1.76B | 888.62M | 36.06M | -136.46M | 149.12M |
| Other Investing Activities | -2.03M | -4.35M | -2.65M | -4.68M | -4.42M | -12.75M |
| Investing Cash Flow | 704.54M | 1.93B | 607.81M | 516.70M | -2.81B | -454.41M |
| Long-Term Debt Repaid | -19.20M | -111.99M | -452.34M | -767.72M | ||
| Total Debt Repaid | -19.20M | -111.99M | -452.34M | -767.72M | ||
| Net Debt Issued (Repaid) | -19.20M | -111.99M | -452.34M | -767.72M | ||
| Repurchase of Common Stock | -28.60M | |||||
| Other Financing Activities | 2.06B | 747.82M | 1.73B | 901.56M | 3.25B | 1.12B |
| Financing Cash Flow | 2.03B | 747.82M | 1.71B | 789.57M | 2.80B | 349.64M |
| Net Cash Flow | -52.61M | -46.96M | -316.75M | 169.66M | 360.90M | 135.10M |
| Free Cash Flow | -2.87B | -2.87B | -2.69B | -1.20B | 306.09M | 205.46M |
| Free Cash Flow Margin | -204.98% | -214.82% | -231.58% | -105.35% | 24.11% | 23.02% |
| Free Cash Flow Per Share | -24.41 | -24.46 | -23.77 | -11.03 | 2.94 | 2.01 |
| Levered Free Cash Flow | 1.35B | 1.24B | 539.24M | -80.41M | -1.56B | -2.85B |
| Unlevered Free Cash Flow | 1.35B | 1.24B | 539.68M | -77.55M | -1.54B | -2.81B |
| Cash Interest Paid | 351.93M | 341.39M | 378.28M | 258.63M | 79.73M | 77.33M |
| Cash Income Tax Paid | 10.65M | 3.38M | 275.00K | 6.63M | 14.46M | 4.80M |
| Change in Working Capital | -11.19M | 33.29M | 15.96M | -32.85M | -37.60M | 16.64M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.79B | 2.18B | 1.82B | 958.33M | 924.71M | 2.41B |
| Enterprise Value | 1.03B | 1.38B | 834.98M | -254.86M | 178.39M | 2.19B |
| Last Close Price | 15.57 | 18.94 | 16.19 | 8.74 | 8.80 | 24.18 |
| PE Ratio | 8.71 | 16.10 | 35.45 | 24.61 | 3.19 | 129.97 |
| Forward PE | 7.19 | 12.83 | 24.27 | 43.35 | 8.21 | 21.82 |
| PS Ratio | 1.28 | 1.64 | 1.57 | 0.84 | 0.73 | 2.71 |
| PB Ratio | 1.13 | 1.46 | 1.36 | 0.77 | 0.79 | 2.84 |
| P/TBV Ratio | 1.25 | 1.61 | 1.52 | 0.88 | 0.94 | 3.54 |
| P/FCF Ratio | 3.02 | 11.75 | ||||
| P/OCF Ratio | 2.46 | 10.07 | ||||
| PEG Ratio | 0.17 | 0.89 | 1.28 | 14.03 | 0.75 | 0.75 |
| EV/Sales Ratio | 0.73 | 1.03 | 0.72 | 0.14 | 2.46 | |
| EV/EBITDA Ratio | 3.06 | 5.74 | 7.01 | 0.82 | 16.31 | |
| EV/EBIT Ratio | 3.80 | 7.77 | 12.70 | 1.02 | 24.34 | |
| EV/FCF Ratio | 0.58 | 10.66 | ||||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.02 | 0.05 | 0.13 | 0.56 |
| Debt / EBITDA Ratio | 0.03 | 0.06 | 0.21 | 0.46 | 0.63 | 3.10 |
| Debt / FCF Ratio | 0.50 | 2.30 | ||||
| Net Debt / Equity Ratio | -0.48 | -0.60 | -0.69 | -0.95 | -0.78 | -0.25 |
| Net Debt / EBITDA Ratio | -2.29 | -3.76 | -7.77 | -11.23 | -4.14 | -1.60 |
| Net Debt / FCF Ratio | 0.27 | 0.32 | 0.34 | 1.00 | -2.96 | -1.05 |
| Asset Turnover | 0.12 | 0.12 | 0.12 | 0.14 | 0.20 | 0.26 |
| Quick Ratio | 3.69 | 2.00 | 62.50 | 106.71 | 59.01 | 26.73 |
| Current Ratio | 5.93 | 2.71 | 70.95 | 114.94 | 60.82 | 30.36 |
| Return on Equity (ROE) | 13.79% | 9.55% | 3.96% | 3.22% | 28.76% | 2.36% |
| Return on Assets (ROA) | 1.38% | 1.00% | 0.42% | 0.44% | 1.69% | 1.66% |
| Return on Invested Capital (ROIC) | 28.23% | 26.74% | 12.47% | 39.03% | 15.17% | |
| Return on Capital Employed (ROCE) | 2.20% | 1.90% | 0.60% | 0.70% | 2.20% | 1.90% |
| Earnings Yield | 11.48% | 6.21% | 2.82% | 4.06% | 31.33% | 0.77% |
| FCF Yield | -160.27% | -131.30% | -147.74% | -124.81% | 33.10% | 8.51% |
| Buyback Yield / Dilution | -0.98% | -3.63% | -4.29% | -4.30% | -1.81% | -12.95% |