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, NY, USMap
Websiteondeck.com
Employee Ratings4.2More
Overall CultureAMore
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Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2019)555(-21%)
Revenue (FY, 2019)$16.1 M(-95%)
Share Price (Oct 2020)$1.8
Cybersecurity ratingBMore

Key People/Management at OnDeck

Noah Breslow

Noah Breslow

Chief Executive Officer
Mark Torossian

Mark Torossian

Senior Vice President, Finance
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 and Arlington
New York, NY, US (HQ)
1400 Broadway
Arlington, VA, US
Arlington County, Arlington, VA, USA
Show all (2)

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 (Q2, 2020)

78.3m

Net income (Q2, 2020)

(4.1m)

Market capitalization (16-Oct-2020)

108.0m

Closing stock price (16-Oct-2020)

1.8

Cash (30-Jun-2020)

71.7m
OnDeck's current market capitalization is $108 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, 2020Q2, 2020

Revenue

56.5m63.3m67.4m62.6m69.5m77.4m92.9m86.7m83.7m90.3m95.6m103.0m110.2m110.2m112.6m106.9m78.3m

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%
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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, 2020Q2, 2020

Cash

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

Accounts Receivable

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

PP&E

15.4m17.5m18.2m30.5m30.4m30.3m28.3m27.0m25.0m17.5m16.9m16.3m16.2m17.1m18.6m23.7m24.6m

Goodwill

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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, 2020Q2, 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)(56.8m)

Depreciation and Amortization

1.4m2.9m4.6m2.1m4.4m6.9m2.6m5.2m7.6m2.2m4.2m6.2m1.7m3.6m5.2m1.6m3.3m

Accounts Payable

2.2m2.9m59.0k2.8m1.2m1.4m(1.2m)298.0k(2.4m)364.0k1.4m3.0m859.0k1.5m(587.0k)518.0k1.3m

Cash From Operating Activities

28.2m50.3m89.7m19.8m52.3m89.5m44.9m97.0m149.1m53.9m118.5m182.2m68.8m136.6m206.7m57.4m101.0m
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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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

Learn more about our premium products
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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

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OnDeck News and Updates

July 30, 2020

OnDeck will be acquired by Enova International as it struggles amid the pandemic

OnDeck will be acquired by Enova International as it struggles amid the coronavirus pandemic. This isn't the first alt lender acquisition during the pandemic — and it likely won't be the last.  Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with…
July 29, 2020

Enova to buy OnDeck for $90m

OnDeck, the online lender to small businesses, is being acquired by rival Enova in a cash and stock deal worth around $90 million.
July 29, 2020

Struggling Online Lender OnDeck Sold To Enova International

Struggling online lender OnDeck is being sold to Enova International for about $90 million.
June 08, 2020

OnDeck sets June loan restart date amid alt lender difficulties

This story was delivered to Business Insider Intelligence Fintech Briefing subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here. Stay up-to-date with our latest coverage on the impacts of coronavirus o…
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...
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OnDeck Blogs

October 17, 2020

Enova Announces Completion of OnDeck Acquisition

Enova (NYSE:ENVA) announced on Tuesday it has officially completed the acquisition of online lender OnDeck (NYSE:ONDK). Enova revealed in July 2020 it had purchased OnDeck for $1.38 a share, including $0.12 in cash. The post Enova Announces Completion of OnDeck Acquisition appeared first on OnDeck.
April 27, 2020

Fintechs Gear Up to Get Coronavirus Aid to More Small Businesses

You can access the original article on Barron’s here: https://www.barrons.com/articles/fintechs-gear-up-to-get-coronavirus-aid-to-more-small-businesses-51587987001 Fintechs Gear Up to Get Coronavirus Aid to More Small Businesses Barron’s Online Luisa Beltran 27 April 2020 11:30 GMT 714 words English…
April 23, 2020

New PPP Small Business Loan Bill Excludes Fintech Lenders, Threatening the Smallest Businesses

https://fortune.com/2020/04/22/new-ppp-small-business-loan-bill-excludes-fintech-lenders-threatening-the-smallest-businesses/ The post New PPP Small Business Loan Bill Excludes Fintech Lenders, Threatening the Smallest Businesses appeared first on OnDeck.
April 22, 2020

$484 Billion ‘Phase 3.5’ Coronavirus Stimulus Deal Reached for Small Businesses

https://video.foxnews.com/v/6151260868001#sp=show-clips The post $484 Billion ‘Phase 3.5’ Coronavirus Stimulus Deal Reached for Small Businesses appeared first on OnDeck.
April 10, 2020

Banks Brace for New Wave of Small Businesses at Troubled Loan Program

https://www.politico.com/news/2020/04/09/banks-brace-for-new-wave-of-small-businesses-at-troubled-loan-program-178117 The post Banks Brace for New Wave of Small Businesses at Troubled Loan Program appeared first on OnDeck.
March 13, 2020

OnDeck Sponsoring Daniel Hemric at Atlanta and Chicago

http://tireball.com/nascar/2020/03/12/ondeck-sponsoring-daniel-hemric-at-atlanta-and-chicago/ The post OnDeck Sponsoring Daniel Hemric at Atlanta and Chicago 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 Noah Breslow, Mark Torossian 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 Fundbox, A-Mark Precious Metals and GreenSky.

  • Where is OnDeck headquarters?

    OnDeck headquarters is located at 1400 Broadway, New York.

  • Where are OnDeck offices?

    OnDeck has offices in New York and Arlington.

  • How many offices does OnDeck have?

    OnDeck has 2 offices.