LendingClub Corp (HAPN) financial statements: income statement, balance sheet and cash flow
LendingClub Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), LendingClub Corp reported revenue of $998.8M (+26.9% year on year) and net income of $135.7M (+164.3% year on year).
Income statement
LendingClub Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Marketplace revenue
$355.9M
$242.8M
$291.5M
$683.6M
Other non-interest income
$17.2M
$10.2M
$11.3M
$28.8M
Total non-interest income
$373.2M
$253.0M
$302.8M
$712.4M
Interest on loans held for sale
$142.9M
$92.4M
$35.7M
$26.2M
Interest and fees on loans and leases held for investment
$490.1M
$494.2M
$616.7M
$465.4M
Interest on loans held for investment at fair value
$72.8M
$77.0M
$69.9M
$12.9M
Interest on securities available for sale
$223.8M
$188.0M
$40.2M
$16.1M
Other interest income
$31.9M
$56.3M
$65.9M
$18.6M
Total interest income
$961.5M
$908.0M
$832.6M
$557.3M
Interest on deposits
$335.7M
$369.2M
$265.6M
$60.5M
Other interest expense
$147.0K
$4.7M
$1.0M
—
Total interest expense
$335.9M
$373.9M
$270.8M
$82.5M
Net interest income
$625.7M
$534.0M
$561.8M
$474.8M
Total net revenue
$998.8M
$787.0M
$864.6M
$1.2B
Provision for credit losses
$191.3M
$178.3M
$243.6M
$267.3M
Compensation and benefits
$241.8M
$232.2M
$261.9M
$339.4M
Marketing
$149.2M
$100.4M
$93.8M
$197.7M
Equipment and software
$57.0M
$51.2M
$53.5M
$49.2M
Depreciation and amortization
$62.9M
$58.8M
$47.2M
$43.8M
Professional services
$42.3M
$32.0M
$35.2M
$50.5M
Occupancy
$19.8M
$15.8M
$17.5M
$22.0M
Other non-interest expense
$57.4M
$53.2M
$57.3M
$64.2M
Total non-interest expense
$630.6M
$543.7M
$566.4M
$766.9M
Income before income tax expense
$176.9M
$65.1M
$54.6M
$153.0M
Income tax expense
($41.3M)
($13.7M)
($15.7M)
$136.6M
Net income
$135.7M
$51.3M
$38.9M
$289.7M
Basic EPS (in dollars per share)
$1.18
$0.46
$0.36
$2.80
Diluted EPS (in dollars per share)
$1.16
$0.45
$0.36
$2.79
Weighted-average common shares – basic (in shares)
114.6M
111.7M
108.5M
103.5M
Weighted-average common shares – diluted (in shares)
117.2M
113.1M
108.5M
104.0M
LendingClub Corp income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Interest on loans
$206.4M
$199.9M
—
—
Interest on securities available for sale
$55.1M
$54.4M
$56.3M
$55.3M
Other interest income
$7.4M
$6.9M
$6.4M
$7.1M
Total interest income
$268.9M
$261.2M
$241.8M
$237.1M
Interest on deposits
$89.9M
$85.0M
$83.2M
$82.8M
Other interest expense
$2.0K
$2.0K
$141.0K
$3.0K
Total interest expense
$89.9M
$85.0M
$83.4M
$82.8M
Net interest income
$179.0M
$176.2M
$158.4M
$154.2M
Fees
$176.9M
$143.2M
—
—
Gain on sales of loans
$21.5M
$16.3M
—
—
Net fair value adjustments
($121.1M)
($88.9M)
—
—
Other non-interest income
$6.6M
$5.5M
$5.6M
$4.5M
Total non-interest income
$83.8M
$76.0M
$107.8M
$94.2M
Total net revenue
$262.9M
$252.3M
$266.2M
$248.4M
Provision for credit losses
($10.9M)
$390.0K
$46.3M
$39.7M
Compensation and benefits
$68.2M
$65.5M
$60.8M
$62.0M
Marketing
$62.6M
$55.4M
$40.7M
$33.6M
Equipment and software
$15.8M
$15.3M
$13.5M
$14.5M
Depreciation and amortization
$18.2M
$15.8M
$16.9M
$15.5M
Professional services
$12.0M
$11.8M
$10.9M
$10.3M
Occupancy
$5.0M
$6.4M
$5.2M
$4.8M
Other non-interest expense
$16.3M
$14.3M
$14.7M
$14.1M
Total non-interest expense
$198.1M
$184.5M
$162.7M
$154.7M
Income before income tax expense
$75.7M
$67.3M
$57.2M
$54.0M
Income tax expense
($17.5M)
($15.7M)
($13.0M)
($15.8M)
Net income
$58.1M
$51.6M
$44.3M
$38.2M
Basic EPS (in USD per share)
$0.50
$0.45
$0.39
$0.33
Diluted EPS (in USD per share)
$0.50
$0.44
$0.37
$0.33
Weighted-average common shares – Basic (in shares)
115.4M
115.4M
115.0M
114.4M
Weighted-average common shares – Diluted (in shares)
117.3M
117.3M
118.2M
115.7M
Balance sheet
LendingClub Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and due from banks
$11.7M
$15.5M
$15.0M
$23.1M
Interest-bearing deposits in banks
$905.9M
$938.5M
$1.2B
$1.0B
Total cash and cash equivalents
$917.7M
$954.1M
$1.3B
$1.1B
Restricted cash
$12.8M
$23.3M
$41.6M
$67.5M
Securities available for sale at fair value ($3,733,780 and $3,492,264 at amortized cost, respectively)
$3.7B
$3.5B
$1.6B
$345.7M
Loans held for sale at fair value
$1.8B
$636.4M
$407.8M
$110.4M
Loans and leases held for investment
$4.3B
$4.1B
$4.9B
$5.0B
Allowance for loan and lease losses
($275.7M)
($236.7M)
($310.4M)
($327.9M)
Loans and leases held for investment, net
$4.0B
$3.9B
$4.5B
$4.7B
Loans held for investment at fair value
$473.3M
$1.0B
$262.2M
$925.9M
Property, equipment and software, net
$254.1M
$167.5M
$161.5M
$136.5M
Goodwill
$75.7M
$75.7M
$75.7M
$75.7M
Other assets
$368.1M
$404.0M
$455.5M
$500.3M
Total assets
$11.6B
$10.6B
$8.8B
$8.0B
Interest-bearing
$9.5B
$8.7B
$7.0B
$6.2B
Noninterest-bearing
$374.4M
$392.1M
$331.8M
$234.0M
Total deposits
$9.8B
$9.1B
$7.3B
$6.4B
Other liabilities
$233.5M
$220.5M
$222.8M
$292.6M
Total liabilities
$10.1B
$9.3B
$7.6B
$6.8B
Common stock, $0.01 par value; 180,000,000 shares authorized; 115,368,987 and 113,383,917 shares issued and outstanding, respectively
1.2M
1.1M
1.1M
1.1M
Additional paid-in capital
$1.7B
$1.7B
$1.7B
$1.6B
Accumulated deficit
($201.8M)
($337.5M)
($388.8M)
($427.7M)
Accumulated other comprehensive loss
($18.2M)
($24.2M)
($30.3M)
($37.6M)
Total equity
$1.5B
$1.3B
$1.3B
$1.2B
Total liabilities and equity
$11.6B
$10.6B
$8.8B
$8.0B
LendingClub Corp balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and due from banks
$12.0M
$19.5M
$10.6M
$18.4M
Interest-bearing deposits in banks
$900.8M
$782.4M
$816.8M
$734.1M
Total cash and cash equivalents
$912.8M
$801.9M
$827.4M
$752.6M
Restricted cash
$15.5M
$19.9M
$18.3M
$21.8M
Securities available for sale at fair value ($4,103,026 and $3,733,780 at amortized cost, respectively)
$4.0B
$3.9B
$3.7B
$3.5B
Loans held for sale at fair value
$1.8B
$1.8B
$1.2B
$1.0B
Loans held for investment at fair value
$2.1B
$1.2B
$477.8M
$631.7M
Loans and leases held for investment at amortized cost
$3.2B
$3.7B
$4.4B
$4.4B
Allowance for loan and lease losses
($192.9M)
($237.7M)
($267.8M)
($253.0M)
Loans and leases held for investment at amortized cost, net
$3.0B
$3.5B
$4.1B
$4.1B
Property, equipment and software, net
$276.5M
$273.5M
$250.3M
$246.3M
Goodwill
$75.7M
$75.7M
$75.7M
$75.7M
Other assets
$370.5M
$364.1M
$371.9M
$378.6M
Total assets
$12.5B
$11.9B
$11.1B
$10.8B
Interest-bearing
$10.3B
$9.8B
$9.0B
$8.8B
Noninterest-bearing
$429.0M
$407.9M
$346.8M
$350.4M
Total deposits
$10.8B
$10.2B
$9.4B
$9.1B
Other liabilities
$216.3M
$226.8M
$222.1M
$233.2M
Total liabilities
$11.0B
$10.4B
$9.6B
$9.4B
Common stock, $0.01 par value; 180,000,000 shares authorized; 115,407,464 and 115,368,987 shares issued and outstanding, respectively
1.2M
1.2M
1.2M
1.1M
Additional paid-in capital
$1.7B
$1.7B
$1.7B
$1.7B
Accumulated deficit
($92.0M)
($150.2M)
($243.4M)
($287.6M)
Accumulated other comprehensive loss
($39.0M)
($28.7M)
($17.7M)
($26.0M)
Total equity
$1.6B
$1.5B
$1.5B
$1.4B
Total liabilities and equity
$12.5B
$11.9B
$11.1B
$10.8B
Cash flow statement
LendingClub Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$135.7M
$51.3M
$38.9M
—
Net fair value adjustments
$134.9M
$154.7M
$134.1M
($8.5M)
Change in fair value of loan servicing assets
$59.5M
$75.4M
$62.6M
$73.2M
Gain on sales of loans
($59.1M)
($49.1M)
($47.8M)
($95.3M)
Provision for credit losses
$191.3M
$178.3M
$243.6M
$267.3M
Accretion of deferred origination fees and marketing costs
($62.4M)
($68.5M)
($90.7M)
($86.1M)
Stock-based compensation, net
$34.3M
$40.1M
$52.4M
$66.4M
Depreciation and amortization
$62.9M
$58.8M
$47.2M
$43.8M
Other, net
$10.0M
$10.8M
($8.9M)
($1.8M)
Net change to loans held for sale
($3.3B)
($3.1B)
($1.5B)
$8.0M
Other assets
$33.6M
$22.4M
$54.9M
($16.8M)
Other liabilities
($307.0K)
($6.5M)
($87.7M)
($20.8M)
Net cash used for operating activities
($2.7B)
($2.6B)
($1.1B)
$375.6M
Net change in loans and leases
$320.5M
($223.9M)
$497.3M
($2.8B)
Purchases of securities available for sale
($30.5M)
($49.8M)
($61.6M)
($222.5M)
Proceeds from sales, maturities and paydowns of securities available for sale
$1.8B
$938.4M
$97.7M
$86.1M
Purchases of property, equipment and software, net
($140.3M)
($54.3M)
($59.5M)
($69.5M)
Other investing activities
($4.3M)
($2.7M)
($4.7M)
($4.4M)
Net cash provided by investing activities
$1.9B
$607.8M
$516.7M
($2.8B)
Net change in deposits
$769.9M
$1.7B
$921.4M
$3.3B
Principal payments on borrowings
$0
($19.2M)
($64.4M)
—
Other financing activities
($22.1M)
($13.7M)
($19.8M)
($9.0M)
Net cash provided by financing activities
$747.8M
$1.7B
$789.6M
$2.8B
Net increase (decrease) in cash, cash equivalents and restricted cash
($47.0M)
($316.8M)
$169.7M
$360.9M
Cash, cash equivalents and restricted cash, beginning of period
$977.4M
$1.3B
$1.1B
$763.6M
Cash, cash equivalents and restricted cash, end of period
$930.4M
$977.4M
$1.3B
$1.1B
Cash paid for interest
$341.4M
$378.3M
$258.6M
$79.7M
Cash paid for income taxes
$3.4M
$275.0K
$6.6M
$14.5M
Cash paid for operating leases included in the measurement of lease liabilities
$13.7M
$12.9M
$12.8M
$15.5M
Net securities retained from Structured Program transactions
$2.0B
$2.7B
$1.3B
$0
Derecognition of payable to securitization note and residual certificate holders held in consolidated VIE
$0
$880.0K
$0
$36.1M
LendingClub Corp cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$109.8M
$51.6M
$94.1M
$49.8M
Net fair value adjustments
$210.1M
$88.9M
$95.5M
$57.1M
Change in fair value of loan servicing assets
$32.4M
$15.6M
$42.6M
$30.7M
Gain on sales of loans
($37.7M)
($16.3M)
($43.5M)
($25.7M)
Provision for credit losses
($10.5M)
$390.0K
$144.2M
$97.9M
Accretion of deferred origination fees and marketing costs
($26.3M)
($13.5M)
($47.5M)
($31.5M)
Stock-based compensation, net
$14.5M
$7.6M
$26.1M
$17.6M
Depreciation and amortization
$34.0M
$15.8M
$46.2M
$29.4M
Other, net
$120.0K
($55.0K)
$7.6M
$5.9M
Net change to loans held for sale
($1.5B)
($768.0M)
($2.2B)
($1.3B)
Other assets
$14.9M
$11.3M
$36.6M
$24.1M
Other liabilities
($14.2M)
($12.3M)
($5.8M)
$9.6M
Net cash used for operating activities
($1.2B)
($619.0M)
($1.8B)
($1.1B)
Net change in loans and leases held for investment
($663.9M)
—
—
—
Purchases of securities available for sale
($67.2M)
($44.4M)
($25.5M)
($6.2M)
Proceeds from maturities and paydowns of securities available for sale
$1.1B
$505.5M
$1.3B
$815.4M
Purchases of property, equipment and software, net
($53.8M)
($25.8M)
($124.8M)
($103.8M)
Other investing activities
($691.0K)
($144.0K)
($3.9M)
($3.1M)
Net cash provided by investing activities
$296.1M
$182.5M
$1.4B
$787.5M
Net change in deposits
$932.0M
$354.4M
$318.2M
$66.0M
Net issuances under equity incentive plans
($18.0M)
($13.9M)
—
—
Share repurchases
($20.4M)
($12.6M)
—
—
Net cash provided by financing activities
$893.6M
$327.9M
$308.1M
$61.8M
Net decrease in cash, cash equivalents and restricted cash
($2.2M)
($108.6M)
($131.7M)
($203.1M)
Cash, cash equivalents and restricted cash, beginning of period
$930.4M
$930.4M
$977.4M
$977.4M
Cash, cash equivalents and restricted cash, end of period
$928.2M
$821.9M
$845.7M
$774.3M
Cash paid for interest
$172.1M
$86.6M
$258.8M
$165.4M
Cash paid for income taxes
$3.5M
($6.5M)
$2.8M
$2.5M
Cash paid for operating leases included in the measurement of lease liabilities
$4.6M
$3.5M
$10.2M
$6.7M
Net securities retained from Structured Program transactions