$1.5 B

LC Mkt cap, 09-Nov-2018

$177 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

193.0m211.1m562.4m689.0m574.5m

Revenue growth, %

115%104%16%

Cost of goods sold

187.4m56.6m549.7m688.4m

Gross profit

5.6m154.5m12.6m620.0k

Gross profit Margin, %

3%73%2%0%

Sales and marketing expense

39.0m85.7m171.5m216.7m229.9m

R&D expense

38.5m77.1m115.4m142.3m

General and administrative expense

34.4m81.1m

Operating expense total

90.7m242.6m432.1m651.0m728.0m

EBIT

60.0k219.0k3.2m8.3m

EBIT margin, %

0%0%1%1%

Interest expense

571.4m

Interest income

611.3m

Pre tax profit

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

Income tax expense

1.4m2.8m(4.2m)632.0k

Net Income

7.3m(32.9m)(5.0m)(146.0m)

Quarterly

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

Revenue

51.7m73.5m48.6m93.3m114.4m132.0m395.0m184.1m355.0m165.2m163.2m264.1m154.0m151.7m177.0m

Cost of goods sold

51.4m73.0m85.6m94.5m113.3m129.7m387.7m176.7m354.3m169.4m158.6m

Gross profit

365.0k464.0k(37.0m)(1.2m)1.1m2.2m7.3m7.5m685.0k(4.3m)4.6m

Gross profit Margin, %

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

Sales and marketing expense

10.5m20.6m19.2m21.0m34.9m40.3m120.2m66.6m116.3m44.9m54.6m110.2m59.6m57.5m69.0m

R&D expense

24.2m53.4m29.4m35.8m71.5m32.9m36.8m37.7m

General and administrative expense

9.3m18.0m29.0m31.8m39.4m45.1m136.0m

Operating expense total

(24.8m)46.0m56.8m63.0m87.0m100.7m301.7m148.0m336.7m151.3m154.4m319.4m160.7m182.8m237.8m

EBIT

16.0k48.0k(422.0k)192.0k799.0k2.2m1.2m3.3m2.4m2.4m9.3m11.9m

EBIT margin, %

0%0%0%0%1%1%1%1%1%1%4%8%

Interest expense

308.9m139.7m110.8m100.9m

Interest income

318.3m151.5m138.0m127.8m

Pre tax profit

2.6m(8.5m)(7.0m)(3.8m)(7.3m)4.3m(81.0m)(36.7m)(29.9m)(55.4m)(6.6m)(31.1m)(60.8m)

Income tax expense

85.0k640.0k419.0k627.0k389.0k2.2m151.0k(3.8m)(209.0k)(40.0k)(92.0k)13.0k39.0k24.0k

Net Income

2.7m(7.3m)(9.2m)(7.4m)(6.4m)(4.1m)(9.6m)4.1m(77.2m)(36.5m)(29.8m)

Lending Club Balance Sheet

Annual

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

Cash

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

Accounts Receivable

16.0m24.3m38.1m40.3m

Inventories

PP&E

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

Goodwill

72.6m72.7m35.6m35.6m

Total Assets

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

Accounts Payable

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

Short-term debt

Long-term debt

Total Debt

Total Liabilities

1.9b4.8b4.6b3.7b

Preferred Stock

103.2m103.2m

Additional Paid-in Capital

15.0m1.1b1.1b1.2b1.3b

Retained Earnings

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

Total Equity

68.1m973.2m1.0b975.8m927.8m

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

62.2m64.6m69.0m82.7m874.1m490.5m579.2m583.8m572.9m520.8m534.5m538.4m384.4m405.1m434.2m

PP&E

8.4m15.0m19.4m23.7m31.3m39.1m47.1m64.2m75.1m82.6m92.3m97.9m100.7m107.2m110.9m

Goodwill

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

Total Assets

1.6b2.2b2.6b2.8b4.3b4.8b5.4b5.9b5.6b5.6b5.2b5.0b4.8b4.3b3.9b

Accounts Payable

2.3m3.2m4.0m3.4m3.9m5.1m3.8m5.9m7.7m7.7m7.5m13.5m7.5m3.4m13.8m

Total Liabilities

1.5b2.2b2.4b2.7b3.3b3.8b4.3b4.9b4.6b4.6b4.3b4.0b3.8b3.3b3.1b

Preferred Stock

103.2m103.2m173.7m177.3m

Additional Paid-in Capital

11.7m23.1m30.0m37.8m1.1b1.1b1.1b1.2b1.2b1.2b1.3b1.3b1.3b1.3b1.4b

Retained Earnings

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

Total Equity

(41.4m)68.8m137.1m141.5m995.9m1.0b1.1b988.0m976.5m972.4m984.0m999.9m915.1m874.2m

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

7.3m(4.2m)(5.0m)(146.0m)

Depreciation and Amortization

1.7m236.0k21.6m29.9m46.2m

Accounts Receivable

(10.5m)(3.2m)(13.8m)(2.2m)

Inventories

Accounts Payable

1.8m330.0k(598.0k)5.6m(1.9m)

Cash From Operating Activities

1.1m(393.0k)74.7m545.0k(590.8m)

Purchases of PP&E

(419.2m)(76.0m)(139.8m)

Cash From Investing Activities

(1.1b)(441.1m)(2.4b)(423.0m)933.8m

Cash From Financing Activities

1.1b462.8m2.1b314.5m(456.9m)

Interest Paid

176.2m52.5m536.4m684.8m581.4m

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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Lending Club Employee Rating

3.0363 votes
Culture & Values
3.2
Work/Life Balance
3.4
Senior Management
2.8
Salary & Benefits
3.5
Career Opportunities
2.9
Source