Lendingclub corporation (LC)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10
Net revenue:
Interest revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Origination fees on Member Loans at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

Servicing fees on Notes at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Total net operating revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

426,697

361,777

303,253

255,755

213,412

177,346

148,213

120,434

97,975

77,046

59,455

45,170

34,045

25,702

19,322

15,535

0

0

0

-

-

-

-

Net interest income and fair value adjustments:
Member Loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52,717

40,664

32,111

0

0

0

-

-

-

-

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35

27

24

24

30

0

-

0

0

-

Member Loans at amortized cost, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

712

754

0

-

0

0

-

Interest income

314,584

345,345

376,724

414,418

449,616

487,462

522,763

558,781

588,281

611,259

637,018

657,354

679,779

696,662

0

0

0

-

-

-

-

354,453

315,034

272,382

228,191

187,507

149,588

116,692

89,225

69,521

53,081

41,028

32,660

0

0

0

-

-

-

-

Notes and Certificates at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52,255

40,221

31,776

22,640

17,186

0

-

0

0

-

Loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92

161

253

456

661

0

-

0

0

-

Total Interest Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Note interest expense reduction for servicing fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Interest expense

215,468

246,587

280,558

316,140

350,122

385,605

425,179

474,218

523,660

571,424

613,273

643,036

670,292

688,368

0

0

0

-

-

-

-

356,615

315,774

272,684

228,122

187,447

149,662

116,551

88,967

69,158

52,348

40,383

32,029

25,793

21,042

17,513

12,714

0

0

0

Fair Value Adjustments Loans Notes and Certificates Net

-211,999

-144,990

-128,196

-116,122

-106,704

-100,688

-93,772

-82,498

-58,113

-30,817

-13,133

-5,330

-4,199

-2,949

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net interest income and fair value adjustments

-112,883

-46,232

-32,030

-17,844

-7,210

1,169

3,812

2,065

6,508

9,018

10,612

8,988

5,288

5,345

0

0

0

-

-

-

-

-2,162

-740

-302

69

60

-74

141

258

363

732

645

631

2,058

3,420

0

-

0

0

-

Gain on sales of loans

66,825

67,716

57,852

50,466

48,460

45,979

45,823

41,584

34,149

23,370

13,132

-5,067

-19,959

-17,152

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Investor Revenue

88,502

146,016

150,515

156,213

159,969

162,031

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,976

9,457

8,165

7,078

5,957

5,163

4,424

3,683

3,083

2,308

0

0

-

0

-

-

-

-

-

-

-

-

-

Other revenue

16,287

13,831

10,265

7,740

6,437

5,839

5,748

5,665

6,147

6,436

6,562

10,025

9,653

9,478

12,248

10,153

10,017

9,402

4,375

887

-663

-1,203

-35

1,119

4,075

5,111

5,023

4,751

2,172

820

705

780

612

0

0

0

-

-

-

0

Interest income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net interest income/(loss), member loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

(Provision)/Benefit for loan losses on Member Loans at amortized cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

268

342

368

0

0

0

-

0

0

0

Fair value adjustments - loans, loans held for sale, notes and certificates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

122

91,647

73,451

33,999

33

22,881

20

9,558

13,981

-10,435

-7,418

-6,732

-4,288

-11,557

0

-

0

0

-

Fair value adjustments, notes and certificates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

22,113

-601

8,994

13,426

-18,611

-7,368

-6,731

0

0

0

-

-

-

-

Net interest income (expense) and fair value adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,246

769

-919

-2,113

-2,284

-842

-358

35

27

-508

-435

-326

-238

254

0

0

-

0

-

-

-

-

0

Net interest income/(loss), member loans after provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Interest income, CM Loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Interest expense, Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Interest income, CM Loans and Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Fair valuation adjustments, CM Loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Fair valuation adjustments, Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net Interest Income after provision for loan losses and fair valuation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

Total net revenue

704,395

758,607

751,642

731,391

717,563

694,812

669,746

639,131

601,725

574,540

548,607

509,133

473,000

500,812

505,808

507,528

501,005

429,943

362,546

302,334

253,642

211,128

176,504

147,855

120,469

98,002

76,538

59,020

44,844

33,807

26,167

19,674

15,797

12,170

9,361

0

-

0

0

-

Total income from operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Operating expenses:
Sales and marketing

262,584

279,423

280,554

277,900

277,623

268,517

260,294

246,263

232,799

229,865

225,192

210,523

204,678

216,670

214,750

213,867

203,631

171,526

142,833

119,816

99,540

85,652

71,662

61,121

50,306

37,431

30,872

25,155

22,430

19,655

19,949

19,496

17,669

16,159

14,628

13,415

11,855

0

0

0

Origination and servicing

96,124

103,403

106,907

104,342

105,004

99,376

97,516

93,406

89,087

86,891

81,340

76,351

76,011

74,760

74,160

74,560

68,332

61,335

54,830

48,265

42,125

37,326

33,069

27,898

22,746

17,978

12,973

0

0

-

0

-

-

-

-

-

-

-

-

-

Engineering and product development

164,544

168,380

166,852

166,613

160,964

155,255

153,629

145,273

143,341

142,264

136,860

133,428

126,919

115,357

106,722

98,357

87,362

77,062

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

2,289

2,140

1,973

1,951

0

0

0

Technology

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

Other general and administrative

239,902

238,292

241,988

239,949

233,208

228,641

216,027

205,506

200,418

191,683

199,734

211,749

212,711

207,172

185,677

159,017

133,807

122,182

89,211

88,779

89,513

81,136

76,185

53,668

31,920

19,757

27,789

22,565

17,844

14,018

10,670

8,357

7,360

6,571

5,466

4,618

3,938

0

0

0

Goodwill impairment

-

-

-

-

-

35,633

0

0

0

-

-

-

-

37,050

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class action and regulatory litigation expense

-

-

-

-

-

35,500

112,750

103,012

90,750

77,250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

763,154

789,498

796,301

798,542

834,432

822,922

875,849

829,093

756,395

727,953

643,126

633,701

657,369

651,009

618,359

581,201

493,132

432,105

378,567

327,490

283,594

242,632

196,444

158,215

120,500

90,694

72,918

58,910

49,042

40,669

35,066

31,037

27,741

25,020

22,235

20,007

17,745

0

0

0

Loss before income tax expense

-58,759

-30,891

-44,659

-67,151

-116,869

-128,110

-206,103

-189,962

-154,670

-153,413

-94,519

-124,568

-184,369

-150,197

-112,551

-73,673

7,873

-2,162

-16,021

-25,156

-29,952

-31,504

-20,170

-11,436

0

-

0

0

-

-6,862

-8,898

-11,363

-11,944

-12,268

-12,289

-11,881

-11,300

0

0

0

Income tax expense

118

-201

-323

-458

4

43

736

787

711

632

-303

-525

-4,419

-4,228

-3,420

-1,978

2,357

2,833

2,580

1,766

2,017

1,390

974

640

0

-

0

0

-

-

-

-

0

-

0

0

-

0

0

0

Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest

-58,877

-30,690

-44,336

-66,693

-116,873

-128,153

-206,839

-190,749

-155,381

-154,045

-94,216

-124,043

-179,950

-145,969

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Income attributable to noncontrolling interests

20

55

105

169

189

155

14

-170

-209

-210

-119

10

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

LendingClub net loss

-58,897

-30,745

-44,441

-66,862

-117,062

-128,308

-206,853

-190,579

-155,172

-153,835

-94,097

-124,053

-179,950

-145,969

-109,131

-71,695

5,516

-4,995

-18,601

-26,922

-31,969

-32,894

-20,999

-10,915

-31

7,308

3,620

25

-4,198

-6,862

-8,898

-11,363

-11,944

-12,268

-12,289

-11,881

-11,300

0

0

0

Net income (loss) per share attributable to common and preferred stockholders:
Net loss per share attributable to LendingClub:
Net income (loss) attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,377

0

0

-

0

-

-

-

-

-

Basic ($ per share)

-

0.00

0.00

-0.12

-

-0.16

-0.27

-0.72

-0.37

-0.22

-0.02

-0.06

-0.07

-0.08

-0.09

-0.21

0.01

0.01

0.00

-0.01

-0.02

-0.03

-0.12

-0.16

-0.13

-

-

-

0.00

0.24

-0.09

-0.25

-

-

-

-

-

-

-

-

Diluted ($ per share)

-

0.00

0.00

-0.12

-

-0.16

-0.27

-0.72

-0.37

-0.22

-0.02

-0.06

-0.07

-0.08

-0.09

-0.21

0.01

0.01

0.00

-0.01

-0.02

-0.03

-0.12

-0.16

-0.13

-

-

-

0.00

0.24

-0.09

-0.25

-

-

-

-

-

-

-

-

Weighted-average common shares - Basic (shares)

-

88,371

87,588

86,719

-

85,539

84,871

84,238

83,659

416,005

412,778

406,676

400,308

395,877

391,453

382,893

380,266

378,631

375,982

372,841

371,959

128,698

59,844

57,971

55,780

103,980

53,312

25,117

23,818

103,824

10,300

9,954

-

-

-

-

-

-

-

-

Weighted-average common shares - Diluted (shares)

-

88,912

87,588

86,719

-

85,539

84,871

84,238

83,659

416,005

412,778

406,676

400,308

395,877

391,453

382,893

392,397

402,634

401,934

372,841

371,959

128,698

59,844

57,971

55,780

170,258

80,001

37,699

37,748

103,824

10,300

9,954

-

-

-

-

-

-

-

-

Net Loss Attributable to Common Stockholders

-58,897

-30,745

-44,441

-66,862

-117,062

-128,308

-206,853

-190,579

-155,172

-153,835

-94,097

-124,053

-179,950

-145,969

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,268

-12,289

-11,881

-11,300

0

0

0

Basic and diluted net income (loss) per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.29

-0.33

-0.38

-0.36

-0.34

-0.34

-0.34

-0.30

Weighted-average shares of common stock used in computing basic and diluted net income (loss) per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,957

8,830

8,727

8,611

-

8,565

8,565

-

Transaction fees
Revenue from Contract with Customer, Excluding Assessed Tax

599,606

598,760

590,862

567,438

551,157

526,942

505,586

489,710

461,098

448,608

429,479

408,387

397,678

423,494

436,881

436,488

425,534

373,508

321,842

274,044

234,194

197,124

164,451

137,068

107,660

85,830

66,388

50,122

39,595

30,592

22,358

0

0

-

0

-

-

-

-

-

Investor fees
Revenue from Contract with Customer, Excluding Assessed Tax

134,560

124,532

124,693

123,591

118,719

114,883

108,777

100,107

93,823

87,108

88,822

86,800

80,340

79,647

65,561

56,083

47,906

32,811

26,103

20,157

15,146

11,534

7,767

5,602

5,016

3,951

3,057

2,648

2,189

1,913

0

0

0

-

-

-

-

-

-

0

Common Stock
LendingClub net loss

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic ($ per share)

-1.10

-

-

-

-0.23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted ($ per share)

-1.10

-

-

-

-0.23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted-average common shares - Basic (shares)

86,505

-

-

-

86,108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted-average common shares - Diluted (shares)

86,505

-

-

-

86,108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred Stock
LendingClub net loss

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic ($ per share)

18.36

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted ($ per share)

18.36

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted-average common shares - Basic (shares)

2,579

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted-average common shares - Diluted (shares)

2,579

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-