OnDeck

OverviewSuggest Edit

Ondeck is a company that operates a technology-enabled financial platform that provides loan financing to small- and medium-sized businesses. The platform leverages electronic information including online banking and merchant processing data to identify the creditworthiness of small businesses.
TypePublic
Founded2006
HQNew York, USMap
Websiteondeck.com
Employee Ratings4.3More
Culture scoreAMore
View Jobs (4)

Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2019)555(-21%)
Job Openings4
Revenue (FY, 2019)$16.1 M(-95%)
Share Price (May 2020)$0.9

Key People/Management at OnDeck

Mark Torossian

Mark Torossian

SVP, Finance & Principal Accounting Officer
Noah Breslow

Noah Breslow

Chief Executive Officer
Ken Brause

Ken Brause

CFO
Cory Kampfer

Cory Kampfer

Chief Operations Officer and General Counsel
Nick Brown

Nick Brown

Chief Risk Officer
Debra Stroff

Debra Stroff

Chief People Officer
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OnDeck Office Locations

OnDeck has offices in New York, Arlington and Denver
New York, US (HQ)
1400 Broadway
Arlington, US
Arlington County, Arlington, VA, USA
Denver, US
Denver, CO, USA
Show all (3)

OnDeck Financials and Metrics

OnDeck Revenue

OnDeck's revenue was reported to be $16.06 m in FY, 2019 which is a 96% decrease from the previous period.
USD

Revenue (Q1, 2020)

106.9m

Net income (Q1, 2020)

(60.0m)

Market capitalization (28-May-2020)

50.3m

Closing stock price (28-May-2020)

0.9

Cash (31-Mar-2020)

121.1m
OnDeck's current market capitalization is $50.3 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

65.2m158.1m254.8m291.3m351.0m398.4m16.1m

Revenue growth, %

142%61%14%20%14%(96%)

Cost of goods sold

40.0m84.6m95.1m182.4m198.4m195.6m

Gross profit

25.3m73.4m159.7m108.9m152.6m202.8m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

56.5m63.3m67.4m62.6m69.5m77.4m92.9m86.7m83.7m90.3m95.6m103.0m110.2m110.2m112.6m106.9m

Cost of goods sold

28.1m20.3m21.4m31.2m40.6m45.0m57.5m44.3m50.9m48.1m45.5m50.8m54.6m54.3m54.4m

Gross profit

28.3m43.0m46.0m31.5m28.9m32.3m35.4m42.3m32.8m42.2m50.1m52.2m55.5m55.9m58.2m

Gross profit Margin, %

50%68%68%50%42%42%38%49%39%47%52%51%50%51%52%
show all
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

159.8m79.6m71.4m59.9m56.3m

Accounts Receivable

499.4m191.3m843.8m1.0b1.1b

PP&E

26.2m29.4m23.6m16.7m20.3m

Total Assets

749.3m1.1b996.0m1.2b1.3b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

168.2m179.7m165.7m136.8m78.1m85.9m73.0m77.9m64.3m70.4m74.3m71.3m60.1m58.7m59.4m121.1m

Accounts Receivable

499.6m460.9m459.8m601.7m730.5m818.0m928.5m865.3m852.3m892.0m922.5m984.2m1.1b1.1b1.1b

PP&E

15.4m17.5m18.2m30.5m30.4m30.3m28.3m27.0m25.0m17.5m16.9m16.3m16.2m17.1m18.6m23.7m

Total Assets

725.8m718.3m708.6m828.8m901.7m997.9m1.1b1.0b1.0b1.0b1.1b1.1b1.2b1.2b1.3b1.3b
show all
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(2.2m)(85.5m)(14.3m)25.3m23.6m

Depreciation and Amortization

6.5m9.5m10.0m7.8m6.9m

Accounts Payable

236.0k2.6m(2.6m)1.5m2.5m

Cash From Operating Activities

118.9m134.3m210.2m263.8m282.4m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(5.3m)(595.0k)2.9m(13.1m)(31.8m)(47.1m)(11.1m)(12.6m)(16.6m)(1.9m)3.9m13.6m5.9m10.0m18.6m(59.0m)

Depreciation and Amortization

1.4m2.9m4.6m2.1m4.4m6.9m2.6m5.2m7.6m2.2m4.2m6.2m1.7m3.6m5.2m1.6m

Accounts Payable

2.2m2.9m59.0k2.8m1.2m1.4m(1.2m)298.0k(2.4m)364.0k1.4m3.0m859.0k1.5m(587.0k)518.0k

Cash From Operating Activities

28.2m50.3m89.7m19.8m52.3m89.5m44.9m97.0m149.1m53.9m118.5m182.2m68.8m136.6m206.7m57.4m
show all
USDY, 2020

Financial Leverage

6.3 x
Show all financial metrics

OnDeck Operating Metrics

OnDeck's Total Loans was reported to be $970.5m in Q2, 2017. OnDeck's Customers was reported to be 70 k in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Customers

50 k50 k60 k60 k70 k70 k

Total Loans

$504.11 m$556.42 m$513.92 m$512.39 m$552.74 m$663.39 m$804.40 m$905.33 m$1 b$1.05 b$970.47 m
Show all operating metrics

OnDeck Acquisitions / Subsidiaries

Company NameDateDeal Size
EvolocityApril 03, 2019

OnDeck Revenue Breakdown

Embed Graph

OnDeck revenue breakdown by business segment: 76.6% from Interest income, 20.9% from Gain on sales of loans and 2.5% from Other

Human Capital Metrics

Source: fortune.com
Embed Graph
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OnDeck Online and Social Media Presence

OnDeck's Trends

Embed Graph

OnDeck Company Culture

  • Overall Culture

    A

    85/100

  • CEO Rating

    A+

    94/100

  • Compensation

    A

    86/100

  • Diversity

    B+

    80/100

Learn more on Comparably

OnDeck News and Updates

April 29, 2020

Leading Independent Proxy Advisory Firm Glass Lewis Joins ISS in Recommending OnDeck Shareholders Vote "FOR" All Three of the Company's Director Nominees

NEW YORK, April 29, 2020 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending to small business, today announced that leading independent proxy advisory firm Glass, Lewis & Co. ("Glass Lewis") has joined Institutional Shareholder Services ("ISS") in recommending OnDeck...
April 13, 2020

OnDeck Announces Date of First Quarter 2020 Earnings Conference Call

NEW YORK, April 13, 2020 /PRNewswire/ -- OnDeck速 (NYSE: ONDK), the leader in online lending for small business, announced today that it will report first quarter 2020 financial results on Thursday, April 30th, at approximately 7:00 a.m. ET. The company will host a conference call to...
February 04, 2020

OnDeck Names Linda Tan As Head Of Internal Audit

NEW YORK, Feb. 4, 2020 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced the appointment of Linda Tan as Vice President and Head of Internal Audit. Ms. Tan will oversee the company's Internal Audit team and deliver independent,...
February 03, 2020

OnDeck Survey: Support For Sanders Growing Among Small Business Owners

NEW YORK, Feb. 3, 2020 /PRNewswire/ -- A new national election survey of small business owners shows Senator Bernie Sanders narrowing the gap on former Vice-President Joe Biden in the race for the Democrat Party nomination. The survey was conducted earlier this month by OnDeck® (NYSE:...
January 06, 2020

OnDeck Announces Date of Fourth Quarter and Full-year 2019 Earnings Conference Call

NEW YORK, Jan. 6, 2020 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending for small business, announced today that it will report fourth quarter and full-year 2019 financial results on Tuesday, February 11th, at approximately 7:00 a.m. ET. The company will host a...
October 07, 2019

OnDeck Announces Date of Third Quarter 2019 Earnings Conference Call

NEW YORK, Oct. 7, 2019 /PRNewswire/ -- OnDeck® (NYSE:ONDK), the leader in online lending for small business, announced today that it will report third quarter 2019 financial results on Thursday, October 24th, at approximately 7:00 a.m. ET. The company will host a conference call to...
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OnDeck Blogs

March 11, 2020

Marc Torossian Swaps BNY Mellon for OnDeck

http://www.assetservicingtimes.com/assetservicesnews/article.php?article_id=10239 The post Marc Torossian Swaps BNY Mellon for OnDeck appeared first on OnDeck.
March 09, 2020

OnDeck Appoints Mark Torossian as Senior Vice President, Finance

https://www.wfmz.com/news/pr_newswire/pr_newswire_business/ondeck-appoints-mark-torossian-as-senior-vice-president-finance/article_d68be24e-44aa-5059-a33c-565a9dac1b74.html The post OnDeck Appoints Mark Torossian as Senior Vice President, Finance appeared first on OnDeck.
March 02, 2020

California Dentist Selected As OnDeck Small Business Of The Month

https://newyork.citybizlist.com/article/599024/california-dentist-selected-as-ondeck-small-business-of-the-month The post California Dentist Selected As OnDeck Small Business Of The Month appeared first on OnDeck.
January 30, 2020

OnDeck Announces Small Business of the Month

https://www.ratchetandwrench.com/articles/9478-ondeck-announces-small-business-of-the-month The post OnDeck Announces Small Business of the Month appeared first on OnDeck.
January 23, 2020

OnDeck: Best Small Business Loans for New Business Owners

https://money.com/best-small-business-loans/ The post OnDeck: Best Small Business Loans for New Business Owners appeared first on OnDeck.
January 02, 2020

Fintechs Venture Further into Bank Territory

https://www.spglobal.com/marketintelligence/en/news-insights/trending/-5-WzcDut4OTTtBEzJsk0w2 The post Fintechs Venture Further into Bank Territory appeared first on OnDeck.
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 OnDeck Frequently Asked Questions

  • When was OnDeck founded?

    OnDeck was founded in 2006.

  • Who are OnDeck key executives?

    OnDeck's key executives are Mark Torossian, Noah Breslow and Ken Brause.

  • How many employees does OnDeck have?

    OnDeck has 555 employees.

  • What is OnDeck revenue?

    Latest OnDeck annual revenue is $16.1 m.

  • What is OnDeck revenue per employee?

    Latest OnDeck revenue per employee is $28.9 k.

  • Who are OnDeck competitors?

    Competitors of OnDeck include A-Mark Precious Metals, GreenSky and Avant.

  • Where is OnDeck headquarters?

    OnDeck headquarters is located at 1400 Broadway, New York.

  • Where are OnDeck offices?

    OnDeck has offices in New York, Arlington and Denver.

  • How many offices does OnDeck have?

    OnDeck has 3 offices.