| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Mar'12 | Mar'11 |
|---|---|---|---|---|---|---|---|---|
Net revenue: | ||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||||
604,234 | 530,587 | - | - | - | - | - | - | - |
Origination fees on Member Loans at fair value | ||||||||
- | - | - | - | - | - | - | - | 5,940 |
Servicing fees on Notes at fair value | ||||||||
- | - | - | - | - | - | - | - | 580 |
Total net operating revenue | ||||||||
- | - | - | - | - | 213,412 | 97,975 | 15,536 | - |
Net interest income and fair value adjustments: | ||||||||
Member Loans | ||||||||
- | - | - | - | - | - | - | - | 11,907 |
Cash and cash equivalents | ||||||||
- | - | - | - | - | - | - | - | 33 |
Member Loans at amortized cost, net | ||||||||
- | - | - | - | - | - | - | - | 803 |
Total Non-Interest Revenue | ||||||||
- | - | - | - | - | - | - | - | 6,862 |
Interest income | ||||||||
345,345 | 487,462 | 611,259 | 696,662 | 552,972 | 354,453 | 187,507 | 32,660 | - |
Notes and Certificates at fair value | ||||||||
- | - | - | - | - | - | - | - | -11,739 |
Loans payable | ||||||||
- | - | - | - | - | - | - | - | 975 |
Total Interest Income | ||||||||
- | - | - | - | - | - | - | - | 12,743 |
Interest expense | ||||||||
246,587 | 385,605 | 571,424 | 688,368 | 549,740 | 356,615 | 187,447 | 32,030 | 12,714 |
Fair Value Adjustments Loans Notes and Certificates Net | ||||||||
-144,990 | -100,688 | -30,817 | -2,949 | 14 | - | - | - | - |
Net interest income and fair value adjustments | ||||||||
-46,232 | 1,169 | 9,018 | 5,345 | 3,246 | -2,162 | 60 | 630 | 28 |
Gain on sales of loans | ||||||||
67,716 | 45,979 | 23,370 | -17,152 | 4,885 | - | - | - | - |
Net Investor Revenue | ||||||||
146,016 | 162,031 | 119,496 | - | - | - | - | - | - |
Management fees | ||||||||
- | - | - | - | - | 5,957 | 3,083 | 206 | - |
Other revenue | ||||||||
13,831 | 5,839 | 6,436 | 9,478 | 4,517 | -1,203 | 5,111 | 407 | - |
Benefit for losses on loans at amortized cost | ||||||||
- | - | - | - | - | - | - | 368 | - |
Provision for loan losses on Member Loans at amortized cost | ||||||||
- | - | - | - | - | - | - | - | 430 |
Fair value adjustments - loans, loans held for sale, notes and certificates | ||||||||
- | - | - | - | - | 122 | 33 | -6,732 | -8,947 |
Fair value adjustments, notes and certificates | ||||||||
- | - | - | - | - | - | - | -6,731 | -8,932 |
Net interest income (expense) and fair value adjustments | ||||||||
- | - | - | - | - | -2,284 | 27 | 261 | - |
Net Interest Income after provision for loan losses and fair valuation adjustments | ||||||||
- | - | - | - | - | - | - | - | -416 |
Total net revenue | ||||||||
758,607 | 694,812 | 574,540 | 500,812 | 429,943 | 211,128 | 98,002 | 15,797 | 6,445 |
Operating expenses: | ||||||||
Sales and marketing | ||||||||
279,423 | 268,517 | 229,865 | 216,670 | 171,526 | 85,652 | 37,431 | 12,571 | 11,855 |
Origination and servicing | ||||||||
103,403 | 99,376 | 86,891 | 74,760 | 61,335 | 37,326 | 17,978 | 5,099 | - |
Engineering and product development | ||||||||
168,380 | 155,255 | 142,264 | 115,357 | 77,062 | 38,518 | 15,528 | - | 1,951 |
Other general and administrative | ||||||||
238,292 | 228,641 | 191,683 | 207,172 | 122,182 | 81,136 | 19,757 | 10,071 | 3,938 |
Goodwill impairment | ||||||||
0 | 35,633 | 0 | 37,050 | 0 | 0 | - | - | - |
Class action and regulatory litigation expense | ||||||||
0 | 35,500 | 77,300 | 0 | 0 | - | - | - | - |
Total operating expenses | ||||||||
789,498 | 822,922 | 727,953 | 651,009 | 432,105 | 242,632 | 90,694 | 27,741 | 17,745 |
Loss before income tax expense | ||||||||
-30,891 | -128,110 | -153,413 | -150,197 | -2,162 | -31,504 | 7,308 | - | -11,300 |
Income tax expense | ||||||||
-201 | 43 | 632 | -4,228 | 2,833 | 1,390 | 0 | - | - |
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest | ||||||||
-30,690 | -128,153 | -154,045 | -145,969 | -4,995 | - | - | - | - |
Less: Income attributable to noncontrolling interests | ||||||||
55 | 155 | -210 | 0 | 0 | - | - | - | - |
LendingClub net loss | ||||||||
-30,745 | -128,308 | -153,835 | -145,969 | -4,995 | -32,894 | 7,308 | -11,944 | -11,300 |
Net loss per share attributable to LendingClub: | ||||||||
Basic ($ per share) | ||||||||
-0.35 | -1.52 | -1.88 | -0.38 | -0.01 | -0.44 | 0.00 | -1.36 | - |
Diluted ($ per share) | ||||||||
-0.35 | -1.52 | -1.88 | -0.38 | -0.01 | -0.44 | 0.00 | -1.36 | - |
Weighted-average common shares - Basic (shares) | ||||||||
87,278 | 84,583 | 81,799 | 387,762 | 374,872 | 75,573 | 51,557 | 8,781 | - |
Weighted-average common shares - Diluted (shares) | ||||||||
87,278 | 84,583 | 81,799 | 387,762 | 374,872 | 75,573 | 81,426 | 8,781 | - |
Net Loss Attributable to Common Stockholders | ||||||||
-30,745 | -128,308 | -153,835 | -145,969 | -4,995 | - | - | - | -11,300 |
Basic and diluted net income (loss) per share | ||||||||
- | - | - | - | - | - | - | - | -1.32 |
Weighted-average shares of common stock used in computing basic and diluted net income (loss) per share | ||||||||
- | - | - | - | - | - | - | - | 8,562 |
Transaction fees | ||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||||
598,760 | 526,942 | 448,608 | 423,494 | 373,508 | 197,124 | 85,830 | 13,701 | - |
Investor fees | ||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||||
124,532 | 114,883 | 87,108 | 79,647 | 43,787 | 11,534 | 3,951 | 1,222 | - |