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.
| Type | Public | |
| Founded | 2006 | |
| HQ | New York, US | Map |
| Website | ondeck.com | |
| Employee Ratings | More |
Key People/Management at OnDeck
Noah Breslow
CEO
Andrea Gellert
Chief Revenue Officer
Jerome Hershey
Vice President of Business Development
Howard Katzenberg
Chief Finance Officer
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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
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OnDeck Financials and Metrics
OnDeck Revenue
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.
- Source: Annual Report 2015
Annual
Quarterly
| USD | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 43.0m | 46.0m | 31.5m | 28.9m | 32.3m | 35.4m | 42.3m | 42.2m | 92.3m |
Cost of goods sold | 20.3m | 21.4m | 31.2m | 40.6m | 45.0m | 57.5m | 44.3m | 48.1m | 93.6m |
Gross profit | 22.7m | 24.7m | 297.0k | (11.8m) | (12.7m) | (22.0m) | (2.0m) | (5.9m) | (1.3m) |
Gross profit Margin, % | 53% | 54% | 1% | (41%) | (39%) | (62%) | (5%) | (14%) | (1%) |
- Source: Annual Report 2015
Annual
Annual
Quarterly
| USD | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | (595.0k) | 2.9m | (13.1m) | (31.8m) | (49.0m) | (11.6m) | (14.2m) | (2.4m) | 2.3m |
Depreciation and Amortization | 2.9m | 4.6m | 2.1m | 4.4m | 6.9m | 2.6m | 5.2m | 2.2m | 4.2m |
Accounts Payable | 2.9m | 59.0k | 2.8m | 1.2m | 1.4m | (1.2m) | 298.0k | 364.0k | 1.4m |
Cash From Operating Activities | 50.3m | 89.7m | 19.8m | 52.3m | 89.5m | 44.9m | 97.0m | 53.9m | 118.5m |
| USD | Y, 2018 |
|---|---|
Financial Leverage | 3.8 x |
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.
OnDeck Revenue Breakdown
OnDeck revenue breakdown by business segment: 76.6% from Interest income, 20.9% from Gain on sales of loans and 2.5% from Other
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OnDeck Online and Social Media Presence
11.29k Twitter followers
OnDeck has 11.29k Twitter Followers. The number of followers has increased 0.5% month over month and increased 0.7% quarter over quarter
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Twitter Engagement Stats for @ondeckcapital
8.3k
Tweets
1.7k
Following
11.3k
Followers
66
Tweets last 30 days
1.2
Avg. likes per Tweet
87.9%
Tweets with engagement
OnDeck News and Updates
February 15, 2019
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....
February 12, 2019
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.
February 12, 2019
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...
February 08, 2019
OnDeck gets $85m credit facility
OnDeck (NYSE: ONDK), the leader in online lending for small business, announced today the closing of...
February 07, 2019
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...
December 05, 2018
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...
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OnDeck Blogs
March 13, 2019
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…
February 12, 2019
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.
January 24, 2019
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 …
December 21, 2018
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…
December 20, 2018
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 …
December 20, 2018
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…
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.