NASDAQ : TREE
LendingTree, Inc. — Financial statements
Financials · Financial Conglomerates · United States
Last price 27.94 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 392.27M
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Financial statements
LendingTree, Inc. (TREE) reported revenue of 1.27B 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 | |
|---|---|---|---|---|---|---|
| Revenue | 1.27B | 1.12B | 900.22M | 672.50M | 984.99M | 1.10B |
| Cost of Revenue | 45.55M | 42.52M | 36.07M | 38.76M | 57.77M | 57.30M |
| Gross Profit | 1.22B | 1.07B | 864.15M | 633.74M | 927.22M | 1.04B |
| Selling, General & Admin | 1.05B | 925.79M | 744.67M | 551.29M | 854.62M | 927.46M |
| Research & Development | 43.37M | 45.25M | 46.36M | 47.20M | 55.55M | 52.87M |
| Amortization of Goodwill & Intangibles | 5.15M | 5.19M | 5.89M | 7.69M | 25.31M | 42.74M |
| Operating Expenses | 1.11B | 992.69M | 815.22M | 625.25M | 955.58M | 1.04B |
| Operating Income | 108.39M | 82.11M | 48.93M | 8.49M | -28.35M | 227.00K |
| Interest Expense | -44.05M | -46.79M | -37.95M | -30.21M | -26.01M | -46.87M |
| Other Non Operating Income (Expenses) | 3.79M | 4.22M | 4.21M | 8.51M | 3.84M | |
| EBT Excluding Unusual Items | 68.13M | 39.54M | 15.20M | -13.21M | -50.52M | -46.64M |
| Merger & Restructuring Charges | -3.26M | -1.63M | -508.00K | -10.12M | -4.43M | -53.00K |
| Impairment of Goodwill | -38.60M | |||||
| Gain (Loss) on Sale of Investments | -1.23M | -1.23M | -58.38M | -114.50M | 123.27M | |
| Legal Settlements | -1.23M | -15.66M | -3.80M | -388.00K | 18.00K | -392.00K |
| Other Unusual Items | -300.00K | 10.10M | 51.90M | 8.25M | ||
| Pretax Income | 62.12M | 21.02M | -37.38M | -124.92M | -54.93M | 84.44M |
| Income Tax Expense | -119.54M | -130.28M | 4.32M | -2.52M | 133.02M | 11.30M |
| Earnings From Continuing Operations | 181.66M | 151.31M | -41.70M | -122.40M | -187.95M | 73.14M |
| Earnings From Discontinued Operations | -4.02M | |||||
| Net Income | 181.66M | 151.31M | -41.70M | -122.40M | -187.95M | 69.11M |
| Net Income to Common | 181.66M | 151.31M | -41.70M | -122.40M | -187.95M | 69.11M |
| Shares Outstanding (Basic) | 13.78M | 13.58M | 13.27M | 12.94M | 12.79M | 13.20M |
| Shares Outstanding (Diluted) | 14.39M | 14.06M | 13.27M | 12.94M | 12.79M | 13.70M |
| EPS (Basic) | 13.18 | 11.14 | -3.14 | -9.46 | -14.69 | 5.24 |
| EPS (Diluted) | 12.64 | 10.78 | -3.14 | -9.46 | -14.69 | 5.05 |
| Free Cash Flow | 73.88M | 60.68M | 51.04M | 55.04M | 31.52M | 99.51M |
| Free Cash Flow Per Share | 5.13 | 4.32 | 3.85 | 4.25 | 2.46 | 7.27 |
| Gross Margin | 96.41% | 96.19% | 95.99% | 94.24% | 94.14% | 94.78% |
| Operating Margin | 8.55% | 7.35% | 5.44% | 1.26% | -2.88% | 0.02% |
| Profit Margin | 14.32% | 13.54% | -4.63% | -18.20% | -19.08% | 6.29% |
| Free Cash Flow Margin | 5.83% | 5.43% | 5.67% | 8.19% | 3.20% | 9.06% |
| EBITDA | 117.63M | 91.46M | 59.62M | 21.86M | 2.95M | 47.58M |
| EBITDA Margin | 9.28% | 8.19% | 6.62% | 3.25% | 0.30% | 4.33% |
| D&A For EBITDA | 9.23M | 9.35M | 10.69M | 13.36M | 31.30M | 47.35M |
| EBIT | 108.39M | 82.11M | 48.93M | 8.49M | -28.35M | 227.00K |
| EBIT Margin | 8.55% | 7.35% | 5.44% | 1.26% | -2.88% | 0.02% |
| Effective Tax Rate | 13.38% | |||||
| Advertising Expenses | 4.26M | 3.89M | 391.60M | 716.60M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 110.77M | 81.07M | 106.59M | 112.05M | 298.85M | 251.23M |
| Cash & Short-Term Investments | 110.77M | 81.07M | 106.59M | 112.05M | 298.85M | 251.23M |
| Receivables | 175.79M | 133.08M | 118.29M | 68.65M | 95.26M | 106.76M |
| Prepaid Expenses | 13.25M | 13.22M | 11.67M | 13.37M | 11.82M | 14.23M |
| Restricted Cash | 5.00K | 124.00K | 111.00K | |||
| Other Current Assets | 2.33M | 1.91M | 2.40M | 7.92M | 2.05M | |
| Total Current Assets | 299.80M | 229.71M | 238.46M | 196.48M | 413.97M | 374.38M |
| Property, Plant & Equipment | 60.36M | 64.49M | 95.34M | 107.70M | 126.21M | 149.82M |
| Long-Term Investments | 475.00K | 1.70M | 60.08M | 174.58M | 158.14M | |
| Goodwill | 381.54M | 381.54M | 381.54M | 381.54M | 420.14M | 420.14M |
| Other Intangible Assets | 35.52M | 38.09M | 43.28M | 50.62M | 58.31M | 85.76M |
| Long-Term Accounts Receivable | 14.50M | 11.00M | ||||
| Long-Term Deferred Tax Assets | 114.74M | 124.87M | 87.58M | |||
| Long-Term Deferred Charges | 3.20M | 4.23M | 4.09M | 2.80M | 2.71M | |
| Other Long-Term Assets | 5.18M | 2.32M | 3.12M | 2.25M | 3.30M | 20.82M |
| Total Assets | 911.63M | 855.69M | 767.67M | 802.76M | 1.20B | 1.30B |
| Accounts Payable | 47.35M | 6.74M | 8.36M | 1.96M | 2.03M | 1.69M |
| Accrued Expenses | 91.83M | 96.10M | 84.20M | 44.05M | 50.54M | 77.37M |
| Current Portion of Long-Term Debt | 3.93M | 3.93M | 124.93M | 3.12M | 2.50M | 166.01M |
| Current Portion of Leases | 3.78M | 4.39M | 5.80M | 7.39M | 8.51M | 8.60M |
| Current Unearned Revenue | 900.00K | 800.00K | ||||
| Other Current Liabilities | 15.47M | 26.31M | 17.19M | 19.11M | 18.05M | 19.97M |
| Total Current Liabilities | 162.37M | 137.46M | 240.48M | 75.63M | 82.53M | 274.43M |
| Long-Term Debt | 386.35M | 387.69M | 344.12M | 525.62M | 813.52M | 478.15M |
| Long-Term Leases | 42.00M | 43.60M | 69.24M | 75.02M | 88.23M | 96.17M |
| Long-Term Deferred Tax Liabilities | 4.88M | 2.09M | 6.78M | 2.27M | ||
| Other Long-Term Liabilities | 143.00K | 140.00K | 131.00K | 267.00K | 308.00K | 351.00K |
| Total Liabilities | 590.86M | 568.89M | 658.85M | 678.63M | 991.37M | 851.36M |
| Common Stock | 174.00K | 171.00K | 167.00K | 164.00K | 162.00K | 161.00K |
| Additional Paid-In Capital | 1.29B | 1.28B | 1.25B | 1.23B | 1.19B | 1.24B |
| Retained Earnings | -701.26M | -728.10M | -879.41M | -837.70M | -715.30M | -571.79M |
| Treasury Stock | -266.18M | -266.18M | -266.18M | -266.18M | -266.18M | -223.17M |
| Total Common Equity | 320.77M | 286.80M | 108.82M | 124.13M | 207.94M | 447.99M |
| Shareholders' Equity | 320.77M | 286.80M | 108.82M | 124.13M | 207.94M | 447.99M |
| Total Liabilities & Equity | 911.63M | 855.69M | 767.67M | 802.76M | 1.20B | 1.30B |
| Total Debt | 436.06M | 439.61M | 544.09M | 611.15M | 912.76M | 748.92M |
| Net Cash (Debt) | -325.30M | -358.54M | -437.50M | -499.10M | -613.92M | -497.69M |
| Net Cash Per Share | -22.60 | -25.50 | -32.97 | -38.57 | -47.99 | -36.34 |
| Filing Date Shares Outstanding | 14.04M | 13.86M | 13.39M | 13.04M | 12.81M | 12.97M |
| Total Common Shares Outstanding | 14.03M | 13.77M | 13.39M | 13.04M | 12.81M | 13.10M |
| Working Capital | 137.44M | 92.24M | -2.01M | 120.85M | 331.43M | 99.95M |
| Book Value Per Share | 22.86 | 20.83 | 8.13 | 9.52 | 16.23 | 34.21 |
| Tangible Book Value | -96.28M | -132.83M | -316.00M | -308.03M | -270.51M | -57.91M |
| Tangible Book Value Per Share | -6.86 | -9.65 | -23.60 | -23.62 | -21.11 | -4.42 |
| Machinery | 35.23M | 41.88M | 50.87M | 54.94M | 58.90M | |
| Construction In Progress | 1.94M | 5.07M | 3.93M | 4.29M | 7.40M | |
| Leasehold Improvements | 24.05M | 29.21M | 32.50M | 33.78M | 34.48M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 181.66M | 151.31M | -41.70M | -122.40M | -187.95M | 69.11M |
| Depreciation & Amortization | 9.23M | 9.35M | 10.69M | 13.36M | 31.30M | 47.35M |
| Other Amortization | 14.07M | 14.41M | 16.00M | 16.54M | 22.01M | 51.05M |
| Asset Writedown & Restructuring Costs | -322.00K | -71.00K | 2.58M | 44.04M | 6.59M | 3.46M |
| Loss (Gain) From Sale of Investments | 359.00K | 1.23M | 58.38M | 114.50M | -123.27M | |
| Stock-Based Compensation | 24.64M | 29.46M | 28.58M | 39.68M | 59.62M | 68.56M |
| Provision & Write-off of Bad Debts | 562.00K | 264.00K | 171.00K | 1.75M | 4.10M | 2.47M |
| Other Operating Activities | -114.44M | -124.02M | -9.36M | -58.95M | 130.67M | 18.57M |
| Change in Accounts Receivable | -23.66M | -13.06M | -43.01M | 27.71M | 9.14M | -10.29M |
| Change in Accounts Payable | 6.46M | 19.99M | 44.58M | -5.54M | -28.42M | -1.54M |
| Change in Income Taxes | 959.00K | -2.17M | 96.00K | -140.00K | 214.00K | 10.68M |
| Change in Other Net Operating Assets | -13.45M | -13.59M | -4.75M | -2.98M | -4.31M | -4.90M |
| Operating Cash Flow | 86.08M | 73.10M | 62.26M | 67.57M | 42.97M | 134.57M |
| Capital Expenditures | -12.20M | -12.42M | -11.22M | -12.53M | -11.44M | -35.06M |
| Sale of Property, Plant & Equipment | 2.50M | 2.50M | ||||
| Investment in Securities | -16.44M | 45.13M | ||||
| Other Investing Activities | 52.00K | 2.00K | 50.00K | 7.00K | ||
| Investing Cash Flow | -9.65M | -9.93M | -11.22M | -12.48M | -27.88M | 10.07M |
| Long-Term Debt Issued | 450.00M | 125.00M | 250.00M | |||
| Total Debt Issued | 400.00M | 450.00M | 125.00M | 250.00M | ||
| Long-Term Debt Repaid | -525.38M | -171.34M | -239.34M | -170.91M | ||
| Total Debt Repaid | -501.12M | -525.38M | -171.34M | -239.34M | -170.91M | |
| Net Debt Issued (Repaid) | -101.12M | -75.38M | -46.34M | -239.34M | 79.09M | |
| Repurchase of Common Stock | -3.65M | -2.79M | -2.19M | -1.09M | -46.42M | -54.43M |
| Other Financing Activities | -10.03M | -10.53M | -7.98M | -1.58M | -135.00K | -8.92M |
| Financing Cash Flow | -114.79M | -88.70M | -56.50M | -242.01M | 32.54M | -63.35M |
| Net Cash Flow | -38.37M | -25.52M | -5.46M | -186.91M | 47.63M | 81.29M |
| Free Cash Flow | 73.88M | 60.68M | 51.04M | 55.04M | 31.52M | 99.51M |
| Free Cash Flow Margin | 5.83% | 5.43% | 5.67% | 8.19% | 3.20% | 9.06% |
| Free Cash Flow Per Share | 5.13 | 4.32 | 3.85 | 4.25 | 2.46 | 7.27 |
| Levered Free Cash Flow | 63.11M | 65.50M | 48.10M | 67.77M | 47.23M | 99.43M |
| Unlevered Free Cash Flow | 88.87M | 92.63M | 69.32M | 83.52M | 55.58M | 90.97M |
| Cash Interest Paid | 34.74M | 37.20M | 38.20M | 23.68M | 19.02M | 8.91M |
| Cash Income Tax Paid | 1.53M | 1.53M | 1.46M | 1.18M | 117.00K | -10.32M |
| Change in Working Capital | -29.69M | -8.82M | -3.08M | 19.05M | -23.37M | -6.05M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 392.27M | 725.78M | 517.78M | 394.24M | 272.72M | 1.63B |
| Enterprise Value | 717.56M | 1.11B | 969.86M | 938.18M | 902.50M | 2.16B |
| Last Close Price | 27.94 | 53.09 | 38.75 | 30.32 | 21.33 | 122.60 |
| PE Ratio | 2.21 | 4.80 | 23.66 | |||
| Forward PE | 4.67 | 11.82 | 10.42 | 19.71 | 66.53 | 55.39 |
| PS Ratio | 0.31 | 0.65 | 0.57 | 0.59 | 0.28 | 1.49 |
| PB Ratio | 1.22 | 2.53 | 4.76 | 3.18 | 1.31 | 3.65 |
| P/FCF Ratio | 5.31 | 11.96 | 10.14 | 7.16 | 8.65 | 16.43 |
| P/OCF Ratio | 4.56 | 9.93 | 8.32 | 5.83 | 6.35 | 12.15 |
| PEG Ratio | 5.30 | 5.30 | 5.30 | 0.32 | 6.16 | |
| EV/Sales Ratio | 0.57 | 0.99 | 1.08 | 1.40 | 0.92 | 1.97 |
| EV/EBITDA Ratio | 6.10 | 12.11 | 16.27 | 42.92 | 306.04 | 45.45 |
| EV/EBIT Ratio | 6.62 | 13.48 | 19.82 | 110.44 | 9,525.95 | |
| EV/FCF Ratio | 9.71 | 18.24 | 19.00 | 17.04 | 28.63 | 21.73 |
| Debt / Equity Ratio | 1.36 | 1.53 | 5.00 | 4.92 | 4.39 | 1.67 |
| Debt / EBITDA Ratio | 3.48 | 4.42 | 7.98 | 19.47 | 61.44 | 12.32 |
| Debt / FCF Ratio | 5.90 | 7.25 | 10.66 | 11.10 | 28.95 | 7.53 |
| Net Debt / Equity Ratio | 1.01 | 1.25 | 4.02 | 4.02 | 2.95 | 1.11 |
| Net Debt / EBITDA Ratio | 2.77 | 3.92 | 7.34 | 22.83 | 208.18 | 10.46 |
| Net Debt / FCF Ratio | 4.40 | 5.91 | 8.57 | 9.07 | 19.48 | 5.00 |
| Asset Turnover | 1.45 | 1.38 | 1.15 | 0.67 | 0.79 | 0.88 |
| Quick Ratio | 1.76 | 1.56 | 0.94 | 2.39 | 4.78 | 1.30 |
| Current Ratio | 1.85 | 1.67 | 0.99 | 2.60 | 5.02 | 1.36 |
| Return on Equity (ROE) | 82.78% | 76.49% | -35.80% | -73.72% | -57.31% | 18.00% |
| Return on Assets (ROA) | 7.75% | 6.32% | 3.90% | 0.53% | -1.42% | 0.01% |
| Return on Invested Capital (ROIC) | 16.64% | 13.78% | 8.37% | 1.18% | -3.21% | 0.02% |
| Return on Capital Employed (ROCE) | 14.50% | 11.40% | 9.30% | 1.20% | -2.50% | 0.00% |
| Earnings Yield | 45.25% | 20.85% | -8.05% | -31.05% | -68.92% | 4.23% |
| FCF Yield | 18.83% | 8.36% | 9.86% | 13.96% | 11.56% | 6.09% |
| Buyback Yield / Dilution | -7.19% | -5.98% | -2.54% | -1.16% | 6.59% | -5.29% |