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IRVINE, Calif. - Mortgage lender loanDepot, Inc. (NYSE:LDI), currently valued at $559.2 million in market capitalization, announced Monday that company founder Anthony Hsieh has been appointed permanent Chief Executive Officer, effective immediately. Hsieh had been serving as Interim CEO since June 4, 2025, following Frank Martell’s departure.
The company’s board cited the "rapid acceleration of AI and its disruption of established operating models" as a key factor in selecting Hsieh to lead the organization during what it described as a period of significant industry change. According to InvestingPro data, the company faces challenges with profitability and cash flow management, making strategic leadership crucial at this juncture.
"With his founder’s mentality, history of disruption and commitment to innovation, no one is better suited than Anthony to lead loanDepot through this transformation," said Board Member Pam Patenaude in the press release.
Hsieh founded loanDepot in 2010 and grew it to become the second largest retail lender in the nation before stepping back from day-to-day leadership. During his previous tenure, he introduced the company’s proprietary point of sale software, mello®, in 2017.
According to the announcement, Hsieh’s strategic priorities include returning the company to profitability, increasing market share, enhancing technical capabilities, and developing new products and services. He also plans to add several top-tier executives to his leadership team within the next 90 days. With revenue of $1.09 billion in the last twelve months and the next earnings report due on August 7, 2025, investors can track the company’s progress through comprehensive analysis available on InvestingPro, which offers detailed insights and 12 additional ProTips about LDI’s performance and outlook.
"I am thrilled to return to the helm of the Company that I, along with many members of Team loanDepot, built from the ground up," Hsieh stated. "My focus is to drive profitable growth and regain the market share that we built in the first 12 years of our Company."
The company emphasized that artificial intelligence adoption will be a central focus of Hsieh’s leadership strategy going forward. With the stock showing significant price volatility and the company’s overall financial health score currently rated as WEAK by InvestingPro, this technological transformation could be crucial for the company’s future performance.
In other recent news, LoanDepot Inc. reported its first-quarter 2025 earnings, showing a larger-than-expected loss per share but an improvement in revenue. Despite missing EPS forecasts, the company highlighted strong revenue growth and market share gains in challenging market conditions. Additionally, LoanDepot completed a $200 million private offering of secured term notes through its subsidiary, loanDepot GMSR Master Trust. These notes are backed by assets like mortgage servicing rights excess spread and are set to mature in May 2030, with a possible extension to 2032. The proceeds from this offering were used to redeem earlier notes maturing in October 2025. In another development, CEO Frank Martell has left LoanDepot to become the chief executive of SmartRent Inc. Martell’s departure was previously announced, and his new role at SmartRent is effective immediately. These developments mark significant changes for LoanDepot as it navigates the current market landscape.
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