Lending Club

Lending Club is the world’s largest online credit marketplace, facilitating personal loans, business loans, and financing for elective medical procedures and K-12 education and tutoring. Borrowers access lower interest rate loans through a fast and easy online or mobile interface. Investors provide the capital to enable many of the loans in exchange for earning interest.

We operate fully online with no branch infrastructure, and use technology to lower cost and deliver an amazing experience. We pass the cost savings to borrowers in the form of lower rates and investors in the form of attractive returns. We’re transforming the banking system into a frictionless, transparent and highly efficient online marketplace, helping people achieve their financial goals every day.

Company Growth (employees)
Type
Public
HQ
San Francisco, US
Founded
2007
Size (employees)
1,530 (est)+11%
Lending Club was founded in 2007 and is headquartered in San Francisco, US

Key People at Lending Club

Scott Sanborn

Scott Sanborn

President and CEO
Tom Casey

Tom Casey

Chief Financial Officer
Angela Loeffler

Angela Loeffler

Chief People Officer
Tim Bogan

Tim Bogan

Chief Risk Officer
Patrick Dunne

Patrick Dunne

Chief Capital Officer
Sandeep Bhandari

Sandeep Bhandari

Chief Credit Officer
Sameer Gulati

Sameer Gulati

Chief Operations Officer

Lending Club Office Locations

Lending Club has offices in San Francisco, Westborough
San Francisco, US (HQ)
300 71 Stevenson St

Lending Club Metrics

Lending Club Financial Metrics

Revenue (2016)

$500.8 m

Revenue growth (2015-16), %

16%

Gross profit

($187.6 m)

Gross profit margin (2016), %

(37%)

Net income (2016)

($146 m)

Market capitalization (21-Mar-2017)

$2.1 b

Closing share price (21-Mar-2017)

$5.4

Cash (31-Dec-2016)

$515.6 m
Lending Club's current market capitalization is $2.1 b.
Lending Club's revenue was reported to be $500.8 m in FY, 2016 which is a 16.5% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$98 m$211.1 m$429.9 m$500.8 m

Revenue growth, %

115%104%16%

Cost of goods sold

$56.6 m$56.6 m$549.7 m$688.4 m

Gross profit

$41.4 m$154.5 m($119.8 m)($187.6 m)

Gross profit Margin, %

42%73%(28%)(37%)

Sales and marketing expense

$37.4 m$85.7 m$171.5 m

R&D expense

$15.5 m$38.5 m$77.1 m

General and administrative expense

$19.8 m$81.1 m$122.2 m

Operating expense total

$90.7 m$242.6 m$432.1 m$651 m

EBIT

$219 k$219 k$3.2 m$8.3 m

EBIT margin, %

0%0%1%2%

Pre tax profit

($4.2 m)

Income tax expense

$1.4 m$2.8 m($4.2 m)

Net Income

$7.3 m($32.9 m)($5 m)($146 m)
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$49.3 m$869.8 m$623.5 m$515.6 m

Accounts Receivable

$16 m$24.3 m$38.1 m$40.3 m

Inventories

PP&E

$12.6 m$27.1 m$55.9 m$89.3 m

Goodwill

$72.6 m$72.7 m$35.6 m

Total Assets

$1.9 b$3.9 b$5.8 b$5.6 b

Accounts Payable

$4.5 m$5.9 m$5.5 m$10.9 m

Preferred Stock

$103.2 m$103.2 m

Additional Paid-in Capital

$15 m$1.1 b$1.1 b$1.2 b

Retained Earnings

($50.3 m)($83.2 m)($88.2 m)($234.2 m)

Total Equity

$68.1 m$973.2 m$1 b$975.8 m

Financial Leverage

28.5 x4 x5.6 x5.7 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

($4.2 m)($4.2 m)($5 m)($146 m)

Depreciation and Amortization

$236 k$236 k$21.6 m$29.9 m

Accounts Receivable

($3.2 m)($3.2 m)($14 m)($2.2 m)

Inventories

Accounts Payable

$330 k$330 k($598 k)$5.6 m

Cash From Operating Activities

($393 k)($393 k)$74.7 m$545 k

Purchases of PP&E

($419.2 m)($76 m)

Cash From Investing Activities

($441.1 m)($441.1 m)($2.4 b)($423 m)

Cash From Financing Activities

$462.8 m$462.8 m$2.1 b$314.5 m

Interest Paid

$52.5 m$52.5 m$536.4 m$684.8 m

Lending Club Operating Metrics

Q4, 2013Q1, 2014Q2, 2014Q3, 2014Q4, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015Q1, 2016Q2, 2016Q3, 2016

Total Loans Issued, units

240.32 k296.88 k379.06 k477.33 k595.13 k726.47 k883.51 k1.06 m1.28 m1.5 m1.66 m1.84 m

Total Loans Issued, currency

$3.24 b$4.03 b$5.04 b$6.21 b$7.62 b$9.26 b$11.17 b$13.4 b$15.98 b$18.73 b$20.69 b$22.66 b

Lending Club Market Value History

Lending Club Online Presence

Lending Club Company Life

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