LendingTree, Inc. TREE
LendingTree, Inc. ("LendingTree", the "Company", "we" or "us") operates what we believe to be the leading online consumer platform that connects consumers with the choices they need to be confident in their financial decisions. Through multiple branded marketplaces, LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing multiple offers from a nationwide network of approximately 770 partners (which we refer to as "Network Partners") in one simple search, and choose the option that best fits their financial needs. Services include mortgage loans, mortgage refinances, home equity loans and lines of credit, auto loans, credit cards, deposit accounts, personal loans, small business loans, insurance quotes and other related offerings. In addition, we offer tools and resources, including free credit scores, that facilitate comparison shopping for loans, deposit products, insurance and other offerings. We seek to match consumers with multiple providers who can offer them competing quotes for the product(s) they are seeking. We believe our platform, consisting of a deep network of Network Partners across a broad array of financial products, differentiates us from other loan or insurance comparison-shopping marketplaces which may focus on fewer product offerings or partner with fewer service providers.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.12B | $900.2M | $672.5M | $985.0M | $1.10B | $910.0M | $1.11B | $764.9M | $617.7M | $384.4M |
| Cost of revenue | $42.5M | $36.1M | $38.8M | $57.8M | $57.3M | $54.5M | $68.4M | $36.4M | $17.2M | $13.8M |
| Gross profit | $352.0M | $309.6M | $289.8M | $368.9M | $410.4M | $369.5M | $432.3M | $305.1M | $251.4M | $370.6M |
| R&D | $45.3M | $46.4M | $47.2M | $55.6M | $52.9M | $43.6M | $40.0M | $27.0M | $17.9M | $13.8M |
| SG&A | $112.9M | $108.7M | $117.7M | $152.4M | $153.5M | $129.1M | $116.8M | $101.2M | $71.5M | $37.2M |
| Total operating expenses | $1.05B | $855.6M | $713.1M | $1.02B | $1.09B | $916.6M | $1.06B | $708.7M | $584.6M | $332.3M |
| Operating income | $64.8M | $44.6M | -$40.6M | -$32.8M | $8.0M | -$6.6M | $50.7M | $56.2M | $33.1M | $52.1M |
| Interest expense | — | — | $21.7M | $26.0M | $46.9M | $36.3M | $20.3M | $12.4M | $7.0M | $561.0K |
| Pre-tax income | $21.0M | -$37.4M | -$124.9M | -$54.9M | $84.4M | -$42.5M | $31.0M | $43.7M | $25.7M | $51.6M |
| Income tax | $130.3M | $4.3M | $2.5M | $133.0M | $11.3M | $20.0M | $8.5M | $65.6M | $6.3M | $20.4M |
| Net income | $151.0M | -$42.0M | -$122.0M | -$188.0M | $69.0M | -$48.3M | — | — | — | — |
| EPS, basic | 11.14 | -3.14 | -9.46 | -14.69 | 5.24 | -3.71 | 1.39 | 7.72 | 1.30 | 2.33 |
| EPS, diluted | 10.78 | -3.14 | -9.46 | -14.69 | 5.05 | -3.71 | 1.22 | 6.85 | 1.14 | 2.15 |
| Shares, diluted (wtd. avg.) | 14.1M | 13.3M | 12.9M | 12.8M | 13.7M | 13.0M | 14.6M | 14.1M | 13.7M | 12.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $81.1M | $106.6M | $112.1M | $299.0M | $251.3M | $170.0M | $60.3M | $105.2M | $372.6M | $95.2M |
| Receivables | $110.6M | $97.8M | $55.0M | $83.1M | $97.7M | $89.8M | $113.5M | $91.1M | $53.4M | $41.4M |
| Total current assets | $229.7M | $238.5M | $196.5M | $414.0M | $374.4M | $296.4M | $189.4M | $234.2M | $438.0M | $140.6M |
| Property, plant and equipment | $32.8M | $42.8M | $50.5M | $59.2M | $72.5M | $62.4M | $31.4M | $23.2M | $36.4M | $35.5M |
| Goodwill | $381.5M | $381.5M | $381.5M | $420.1M | $420.1M | $420.1M | $420.1M | $348.3M | $113.4M | $56.5M |
| Other intangibles | $38.1M | $43.3M | $50.6M | $58.3M | $85.8M | $128.5M | $181.6M | $205.7M | $81.1M | $71.7M |
| Total assets | $855.7M | $767.7M | $802.8M | $1.20B | $1.30B | $1.19B | $948.0M | $896.1M | $693.5M | $323.4M |
| Short-term debt | $3.9M | $124.9M | $3.1M | $2.5M | $166.0M | $0 | $75.0M | $125.0M | $0 | — |
| Total current liabilities | $137.5M | $240.5M | $75.6M | $82.5M | $274.4M | $111.8M | $230.7M | $262.0M | $147.5M | $66.7M |
| Long-term debt | $387.7M | $344.1M | $525.6M | $813.5M | $478.2M | $611.4M | $264.4M | $250.9M | $238.2M | $0 |
| Total liabilities | $568.9M | $658.9M | $678.6M | $991.4M | $851.4M | $824.2M | $545.6M | $549.9M | $398.6M | $92.0M |
| Retained earnings | -$728.1M | -$879.4M | -$837.7M | -$715.3M | -$571.8M | -$640.9M | -$592.7M | -$610.5M | -$708.4M | -$722.6M |
| Total equity | $286.8M | $108.8M | $124.1M | $207.9M | $448.0M | $364.8M | $402.3M | $346.2M | $294.9M | $231.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $73.1M | $62.3M | $67.6M | $43.0M | $131.3M | $111.3M | $157.2M | $123.9M | $103.5M | $64.2M |
| Depreciation and amortisation | $16.5M | $18.3M | $19.1M | $20.1M | $17.9M | $14.2M | $11.0M | $7.4M | $7.1M | $4.9M |
| Stock-based compensation | $29.5M | $28.6M | $39.7M | $59.6M | $68.6M | $53.7M | $52.2M | $44.4M | $23.4M | $9.6M |
| Capital expenditure | $12.4M | $11.2M | $12.5M | $11.4M | $35.1M | $42.1M | $20.0M | $14.9M | $8.0M | $32.0M |
| Investing cash flow | -$9.9M | -$11.2M | -$12.5M | -$27.9M | $10.1M | -$122.1M | -$101.1M | -$383.0M | -$74.4M | -$119.7M |
| Financing cash flow | -$88.7M | -$56.5M | -$242.0M | $32.5M | -$63.3M | $193.3M | -$87.7M | $4.8M | $253.1M | -$52.6M |
| Dividends paid | — | — | — | — | — | — | — | — | $0 | $0 |
| Buybacks | — | $0 | $0 | $43.0M | $40.0M | $0 | $5.5M | $93.7M | $19.9M | $48.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-017148.
Plot the figures US dollars
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation and amortisation | $4.9M | $7.1M | $7.4M | $11.0M | $14.2M | $17.9M | $20.1M | $19.1M | $18.3M | $16.5M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6163
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| FIGR | Figure Technology Solutions, Inc. | $7.97B | 81.7x | 48.7% |
| BETR | Better Home & Finance Holding Co | $270.0M | — | 52.0% |
| FINV | FinVolution Group | — | — | 8.4% |