OverviewSuggest Edit

Ondeck is a technology-enabled financial platform that provides loan financing to small- and medium-sized businesses. OnDeck’s innovative technology platform leverages electronic information including online banking and merchant processing data to identify the creditworthiness of small businesses in minutes, while traditional lenders typically take days or even weeks.
OnDeck partnered with other online lending platforms and a community lending non-profit association to create SMART Box, a capital comparison tool for small business financing. SMART Box uses standardized price metrics and explanations so people can best assess their loan options. They’ll find four key metrics: total cost of capital, annual percentage rate (APR), average monthly payment, and cents on the dollar. 
TypePublic
Founded2006
HQNew York, US
Websiteondeck.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Feb 2019)555(-21%)
Job Openings75
Revenue (FY, 2018)$202.8 M(+33%)
Share Price (Mar 2019)$5.6

Key People/Management at OnDeck

Noah Breslow

Noah Breslow

CEO
Andrea Gellert

Andrea Gellert

Chief Revenue Officer
Jerome Hershey

Jerome Hershey

Vice President of Business Development
Howard Katzenberg

Howard Katzenberg

Chief Finance Officer
Show more

OnDeck Office Locations

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

OnDeck Financials and Metrics

OnDeck Revenue

Embed Graph
View revenue for all periods
OnDeck's revenue was reported to be $202.76 m in FY, 2018
USD

Revenue (FY, 2018)

202.8m

Gross profit (FY, 2018)

7.1m

Gross profit margin (FY, 2018), %

3.5%

Net income (FY, 2018)

25.3m

Market capitalization (15-Mar-2019)

425.8m

Closing stock price (15-Mar-2019)

5.6

Cash (31-Dec-2018)

59.9m
OnDeck's current market capitalization is $425.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

65.2m158.1m159.7m108.9m152.6m202.8m

Revenue growth, %

142%61%(57%)

Cost of goods sold

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

Gross profit

25.3m73.4m64.6m(73.5m)(45.8m)7.1m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

43.0m46.0m31.5m28.9m32.3m35.4m42.3m42.2m92.3m

Cost of goods sold

20.3m21.4m31.2m40.6m45.0m57.5m44.3m48.1m93.6m

Gross profit

22.7m24.7m297.0k(11.8m)(12.7m)(22.0m)(2.0m)(5.9m)(1.3m)

Gross profit Margin, %

53%54%1%(41%)(39%)(62%)(5%)(14%)(1%)
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

159.8m79.6m71.4m59.9m

Accounts Receivable

191.3m

PP&E

26.2m29.4m23.6m16.7m

Total Assets

749.3m1.1b996.0m1.2b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

179.7m165.7m136.8m78.1m85.9m73.0m77.9m70.4m74.3m

Inventories

513.9m512.4m

PP&E

17.5m18.2m30.5m30.4m30.3m28.3m27.0m17.5m16.9m

Total Assets

718.3m708.6m828.8m901.7m997.9m1.1b1.0b1.0b1.1b
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(2.2m)(85.5m)(14.3m)25.3m

Depreciation and Amortization

6.5m9.5m10.0m7.8m

Accounts Payable

236.0k2.6m(2.6m)1.5m

Cash From Operating Activities

118.9m134.3m210.2m263.8m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

(595.0k)2.9m(13.1m)(31.8m)(49.0m)(11.6m)(14.2m)(2.4m)2.3m

Depreciation and Amortization

2.9m4.6m2.1m4.4m6.9m2.6m5.2m2.2m4.2m

Accounts Payable

2.9m59.0k2.8m1.2m1.4m(1.2m)298.0k364.0k1.4m

Cash From Operating Activities

50.3m89.7m19.8m52.3m89.5m44.9m97.0m53.9m118.5m
USDY, 2018

Financial Leverage

3.8 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 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
Show all human capital metrics
Report incorrect company information

OnDeck Online and Social Media Presence

Embed Graph
Report incorrect company information

OnDeck News and Updates

OnDeck Adds Experienced Risk, Partnerships and Marketing Executives

NEW YORK, Feb, 15, 2019 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leading online lender to small business, today announced the hiring of three senior financial services executives as members of its management teams in Risk, Partnerships and Marketing. The new executives are listed below....

Online lender OnDeck quarterly profit nearly doubles

Online lender OnDeck Capital Inc on Tuesday reported quarterly adjusted profit that nearly doubled, as the online lender dispensed more loans and earned more interest income.

OnDeck Reports Record Fourth Quarter and Full Year 2018 Financial Results

NEW YORK, Feb. 12, 2019 /PRNewswire/ -- OnDeck® (NYSE:ONDK), the leader in online lending for small business, today announced fourth quarter 2018 Net income of $14.0 million, Adjusted Net income of $15.9 million and Gross revenue of $109.5 million, and full year 2018 Net income of $27.7...

OnDeck gets $85m credit facility

OnDeck (NYSE: ONDK), the leader in online lending for small business, announced today the closing of...

OnDeck Adds New Revolving Credit Facility

NEW YORK, Feb. 7, 2019 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending for small business, announced today the closing of an $85 million corporate revolving credit facility with a lender group consisting of four banks. The new committed facility can be used for general...

OnDeck Announces Agreement to Combine Canadian Operations with Evolocity Financial Group

Combination Will Create A Leading Online Lending Platform Serving Small Businesses in Canada TORONTO, Dec. 5, 2018 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending to small business, announced today that it has entered into a definitive agreement to combine its Canadian...
Show more
Report incorrect company information

OnDeck Blogs

ONWARD Challenge recognizes small businesses

Boulder and Broomfield county businesses can participate in the OnDeck ONWARD Denver Challenge to win cash prizes. The challenge recognizes the small business owners’ commitment to the metro-Denver area. The challenge, sponsored by OnDeck, an […] The post ONWARD Challenge recognizes small businesses…

OnDeck 4th-qtr profit tops view on record loan growth, shares jump

The post OnDeck 4th-qtr profit tops view on record loan growth, shares jump appeared first on OnDeck.

OnDeck Launches into Equipment Finance in 2019

In December 2018, OnDeck announced its entrance into the small-ticket equipment finance lending sector focusing on the direct origination of equipment finance loans – bringing its technology and digital lending expertise to the industry on […] The post OnDeck Launches into Equipment Finance in 2019 …

Kingston Collision Wins Small Business Award

Dec. 21, 2018 | FenderBender.com The media outlet OnDeck recently announced Kingston Collision as its Small Business of the Month for December 2018. Kingston Collision serves residents of Kingston, N.Y. and the Hudson Valley. The owner, […] The post Kingston Collision Wins Small Business Award appea…

Small Business Lender OnDeck to Offer Equipment Loans

By Lydia Beyoud | December 19, 2018 10:26AM ET Online small business lender OnDeck Capital plans to launch an equipment finance loan business in early 2019, applying its algorithmic know-how to the $35 billion market. […] The post Small Business Lender OnDeck to Offer Equipment Loans appeared first …

OnDeck To Enter EF Market, Hires Industry Veteran as VP

OnDeck announced it will begin offering equipment finance loans to select U.S. small businesses next year, bringing its technology and digital lending expertise to what has traditionally been a slow-moving, opaque and complicated process. “With more […] The post OnDeck To Enter EF Market, Hires Indu…
Show more

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, Andrea Gellert and Jerome Hershey.

  • How many employees does OnDeck have?

    OnDeck has 555 employees.

  • What is OnDeck revenue?

    Latest OnDeck annual revenue is $202.8 m.

  • What is OnDeck revenue per employee?

    Latest OnDeck revenue per employee is $365.3 k.

  • Who are OnDeck competitors?

    Competitors of OnDeck include Zebit, Ebury 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, Denver and Arlington.

  • How many offices does OnDeck have?

    OnDeck has 3 offices.