$1.5 B

LC Mkt cap, 21-Sep-2018

$328.6 M

Lending Club Revenue Q2, 2018
Lending Club Cash, 30-Jun-2018434.2 M

Lending Club Revenue Breakdown

Embed Graph

Lending Club revenue breakdown by business segment: 13.5% from Servicing fees, 84.2% from Transaction fees and 2.3% from Other

Lending Club Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

98 m211.1 m562.4 m689 m574.5 m

Revenue growth, %

115%104%16%

Cost of goods sold

56.6 m56.6 m549.7 m688.4 m

Gross profit

41.4 m154.5 m12.6 m620 k

Gross profit Margin, %

42%73%2%0%

Sales and marketing expense

37.4 m85.7 m171.5 m216.7 m229.9 m

R&D expense

15.5 m38.5 m77.1 m115.4 m142.3 m

General and administrative expense

19.8 m81.1 m

Operating expense total

90.7 m242.6 m432.1 m651 m728 m

EBIT

219 k219 k3.2 m8.3 m

EBIT margin, %

0%0%1%1%

Interest expense

571.4 m

Interest income

611.3 m

Pre tax profit

(4.2 m)(2.2 m)(150.2 m)(153.4 m)

Income tax expense

1.4 m2.8 m(4.2 m)632 k

Net Income

7.3 m(32.9 m)(5 m)(146 m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

51.7 m73.5 m48.6 m93.3 m114.4 m246.4 m395 m184.1 m355 m520.2 m163.2 m264.1 m418.1 m151.7 m328.6 m

Cost of goods sold

51.4 m73 m85.6 m94.5 m113.3 m243 m387.7 m176.7 m354.3 m523.7 m158.6 m

Gross profit

365 k464 k(37 m)(1.2 m)1.1 m3.4 m7.3 m7.5 m685 k(3.6 m)4.6 m

Gross profit Margin, %

1%1%(76%)(1%)1%1%2%4%0%(1%)3%

Sales and marketing expense

10.5 m20.6 m19.2 m21 m34.9 m75.2 m120.2 m66.6 m116.3 m161.2 m54.6 m110.2 m169.7 m57.5 m126.6 m

R&D expense

24.2 m53.4 m82.8 m35.8 m71.5 m104.3 m36.8 m74.5 m

General and administrative expense

9.3 m18 m29 m31.8 m39.4 m84.5 m136 m

Operating expense total

(24.8 m)46 m56.8 m63 m87 m187.6 m301.7 m148 m336.7 m488 m154.4 m319.4 m480.1 m182.8 m420.6 m

EBIT

16 k48 k(422 k)192 k991 k2.2 m1.2 m3.3 m5.7 m2.4 m9.3 m21.2 m

EBIT margin, %

0%0%0%0%0%1%1%1%1%1%4%5%

Interest expense

308.9 m448.6 m110.8 m211.7 m

Interest income

318.3 m469.8 m138 m265.8 m

Pre tax profit

(8.5 m)(7 m)(9.5 m)(7.3 m)4.3 m(81 m)(117.7 m)(29.9 m)(55.4 m)(62 m)(31.1 m)(91.9 m)

Income tax expense

85 k640 k419 k627 k1 m2.2 m151 k(3.8 m)(4 m)(40 k)(92 k)(79 k)39 k63 k

Net Income

2.7 m(7.3 m)(9.2 m)(7.4 m)(6.4 m)(10.5 m)(9.6 m)4.1 m(77.2 m)(113.7 m)(29.8 m)

Lending Club Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

49.3 m869.8 m623.5 m515.6 m401.7 m

Accounts Receivable

16 m24.3 m38.1 m40.3 m

Inventories

PP&E

12.6 m27.1 m55.9 m89.3 m101.9 m

Goodwill

72.6 m72.7 m35.6 m35.6 m

Total Assets

1.9 b3.9 b5.8 b5.6 b4.6 b

Accounts Payable

4.5 m5.9 m5.5 m10.9 m9.4 m

Short-term debt

Long-term debt

Total Debt

Total Liabilities

4.8 b4.6 b3.7 b

Preferred Stock

103.2 m103.2 m

Additional Paid-in Capital

15 m1.1 b1.1 b1.2 b1.3 b

Retained Earnings

(50.3 m)(83.2 m)(88.2 m)(234.2 m)(389.4 m)

Total Equity

68.1 m973.2 m1 b975.8 m927.8 m

Financial Leverage

28.5 x4 x5.6 x5.7 x5 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

62.2 m64.6 m69 m82.7 m874.1 m490.5 m579.2 m583.8 m572.9 m520.8 m534.5 m538.4 m384.4 m405.1 m434.2 m

PP&E

8.4 m15 m19.4 m23.7 m31.3 m39.1 m47.1 m64.2 m75.1 m82.6 m92.3 m97.9 m100.7 m107.2 m110.9 m

Goodwill

72.7 m72.6 m72.7 m72.7 m72.7 m72.7 m37.3 m35.6 m35.6 m35.6 m35.6 m35.6 m

Total Assets

1.6 b2.2 b2.6 b2.8 b4.3 b4.8 b5.4 b5.9 b5.6 b5.6 b5.2 b5 b4.8 b4.3 b3.9 b

Accounts Payable

2.3 m3.2 m4 m3.4 m3.9 m5.1 m3.8 m5.9 m7.7 m7.7 m7.5 m13.5 m7.5 m3.4 m13.8 m

Total Liabilities

1.5 b2.2 b2.4 b2.7 b3.3 b3.8 b4.3 b4.9 b4.6 b4.6 b4.3 b4 b3.8 b3.3 b3.1 b

Preferred Stock

103.2 m103.2 m173.7 m177.3 m

Additional Paid-in Capital

11.7 m23.1 m30 m37.8 m1.1 b1.1 b1.1 b1.2 b1.2 b1.2 b1.3 b1.3 b1.3 b1.3 b1.4 b

Retained Earnings

(53.2 m)(57.6 m)(66.8 m)(74.2 m)(89.6 m)(93.7 m)(92.8 m)(84.1 m)(165.4 m)(201.9 m)(265.4 m)(290.9 m)(297.4 m)(420.6 m)(481.5 m)

Total Equity

(41.4 m)68.8 m137.1 m141.5 m995.9 m1 b1.1 b988 m976.5 m972.4 m984 m999.9 m915.1 m874.2 m

Financial Leverage

-39 x32.4 x18.8 x19.9 x4.8 x5.3 x5.7 x5.7 x5.7 x5.4 x5.1 x4.8 x4.7 x4.5 x

Lending Club Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

236 k236 k21.6 m29.9 m46.2 m

Accounts Receivable

(3.2 m)(3.2 m)(13.8 m)(2.2 m)

Inventories

Accounts Payable

330 k330 k(598 k)5.6 m(1.9 m)

Cash From Operating Activities

(393 k)(393 k)74.7 m545 k(590.8 m)

Purchases of PP&E

(419.2 m)(76 m)(139.8 m)

Cash From Investing Activities

(441.1 m)(441.1 m)(2.4 b)(423 m)933.8 m

Cash From Financing Activities

462.8 m462.8 m2.1 b314.5 m(456.9 m)

Interest Paid

52.5 m52.5 m536.4 m684.8 m581.4 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

2.7 m(7.3 m)(9.2 m)(7.4 m)(6.4 m)(10.5 m)(9.6 m)4.1 m(77.2 m)(113.7 m)(29.8 m)

Depreciation and Amortization

4.7 m9.8 m15.5 m6.7 m13.7 m21.4 m10.3 m21.1 m32.4 m11.7 m24.3 m

Accounts Receivable

21.2 m22.3 m(2.3 m)(8.4 m)(12.3 m)(1 m)(2.2 m)(2.7 m)4.7 m5.4 m4.2 m

Accounts Payable

4 m3.4 m(1.8 m)(669 k)(3.1 m)(123 k)2 m1.9 m(3.8 m)1.6 m(3.8 m)(6.1 m)4.2 m

Cash From Operating Activities

6.5 m21.8 m53.4 m9.9 m(1.2 m)(7.7 m)(17.1 m)(30.7 m)(160.8 m)13.7 m(212.5 m)

Purchases of PP&E

(1.7 b)(2.7 b)(921.8 m)(1.4 b)(2.1 b)(524.4 m)(1 b)(1.4 b)(293.5 m)(541.3 m)

Cash From Investing Activities

(478.7 m)(1.4 b)(1.9 b)(356 m)(266.9 m)(340.9 m)190 m364.1 m559.4 m229.7 m456 m

Cash From Financing Activities

476.6 m962.3 m1.6 b306.4 m217.5 m245.9 m(154 m)(310.6 m)(529.8 m)(255.8 m)(232 m)

Interest Paid

110.6 m234.6 m374.8 m175.2 m350.5 m519.7 m163.7 m314 m454 m116.3 m218.2 m

Lending Club Ratios

USDY, 2018

Financial Leverage

4.5 x
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Lending Club Operating Metrics

Lending Club's Total Loans was reported to be $28.8b in Q2, 2017.
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