LendingClub Corp
NYSE:LC
Income Statement
Earnings Waterfall
LendingClub Corp
Revenue
|
864.6m
USD
|
Cost of Revenue
|
0
USD
|
Gross Profit
|
864.6m
USD
|
Operating Expenses
|
-810m
USD
|
Operating Income
|
54.6m
USD
|
Other Expenses
|
-15.7m
USD
|
Net Income
|
38.9m
USD
|
Income Statement
LendingClub Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
286
N/A
|
349
+22%
|
421
+21%
|
492
+17%
|
568
+15%
|
651
+15%
|
743
+14%
|
854
+15%
|
980
+15%
|
1 114
+14%
|
1 169
+5%
|
1 192
+2%
|
1 189
0%
|
1 143
-4%
|
1 152
+1%
|
1 162
+1%
|
1 146
-1%
|
1 125
-2%
|
1 113
-1%
|
1 095
-2%
|
1 080
-1%
|
1 068
-1%
|
1 048
-2%
|
1 032
-1%
|
1 005
-3%
|
887
-12%
|
669
-25%
|
480
-28%
|
456
-5%
|
320
-30%
|
484
+51%
|
659
+36%
|
819
+24%
|
1 002
+22%
|
1 128
+13%
|
1 187
+5%
|
1 187
+0%
|
1 143
-4%
|
1 046
-9%
|
942
-10%
|
865
-8%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(187)
|
(228)
|
(273)
|
(316)
|
(357)
|
(397)
|
(441)
|
(491)
|
(550)
|
(613)
|
(661)
|
(686)
|
(688)
|
(670)
|
(643)
|
(613)
|
(571)
|
(524)
|
(474)
|
(425)
|
(386)
|
(350)
|
(316)
|
(281)
|
(247)
|
0
|
0
|
0
|
(142)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(271)
|
|
Gross Profit |
98
N/A
|
120
+23%
|
148
+23%
|
177
+19%
|
211
+20%
|
254
+20%
|
302
+19%
|
363
+20%
|
430
+19%
|
501
+17%
|
508
+1%
|
506
0%
|
501
-1%
|
473
-6%
|
509
+8%
|
549
+8%
|
575
+5%
|
602
+5%
|
639
+6%
|
670
+5%
|
695
+4%
|
718
+3%
|
731
+2%
|
752
+3%
|
759
+1%
|
0
N/A
|
0
N/A
|
0
N/A
|
315
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
865
N/A
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(91)
|
(121)
|
(158)
|
(197)
|
(243)
|
(284)
|
(328)
|
(379)
|
(432)
|
(493)
|
(546)
|
(581)
|
(614)
|
(658)
|
(632)
|
(643)
|
(651)
|
(666)
|
(691)
|
(728)
|
(752)
|
(777)
|
(789)
|
(796)
|
(790)
|
(945)
|
(791)
|
(636)
|
(485)
|
(505)
|
(585)
|
(696)
|
(799)
|
(887)
|
(973)
|
(1 026)
|
(1 034)
|
(1 019)
|
(956)
|
(880)
|
(539)
|
|
Selling, General & Administrative |
(91)
|
(121)
|
(150)
|
(188)
|
(208)
|
(263)
|
(298)
|
(330)
|
(355)
|
(403)
|
(443)
|
(467)
|
(499)
|
(492)
|
(498)
|
(506)
|
(508)
|
(522)
|
(545)
|
(574)
|
(597)
|
(616)
|
(622)
|
(630)
|
(621)
|
(611)
|
(547)
|
(466)
|
(353)
|
(361)
|
(401)
|
(471)
|
(556)
|
(612)
|
(659)
|
(667)
|
(659)
|
(620)
|
(563)
|
(506)
|
(462)
|
|
Research & Development |
0
|
0
|
(7)
|
0
|
(35)
|
(17)
|
(22)
|
(37)
|
(77)
|
(82)
|
(98)
|
(108)
|
(115)
|
(122)
|
(128)
|
(137)
|
(142)
|
(143)
|
(145)
|
(154)
|
(155)
|
(161)
|
(167)
|
(167)
|
(168)
|
0
|
0
|
0
|
(132)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
0
|
0
|
(1)
|
0
|
0
|
(4)
|
(7)
|
(11)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
(25)
|
(37)
|
0
|
(36)
|
(35)
|
(33)
|
(44)
|
(43)
|
(42)
|
(43)
|
(44)
|
(45)
|
(46)
|
(47)
|
(47)
|
|
Other Operating Expenses |
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
0
|
0
|
(8)
|
(4)
|
0
|
0
|
(44)
|
(7)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(321)
|
(219)
|
(133)
|
0
|
(108)
|
(149)
|
(192)
|
(200)
|
(233)
|
(272)
|
(316)
|
(332)
|
(353)
|
(347)
|
(327)
|
(30)
|
|
Operating Income |
7
N/A
|
0
N/A
|
(10)
N/A
|
(20)
-93%
|
(32)
-58%
|
(30)
+5%
|
(25)
+16%
|
(16)
+37%
|
(2)
+86%
|
8
N/A
|
(38)
N/A
|
(75)
-97%
|
(113)
-50%
|
(184)
-63%
|
(123)
+33%
|
(95)
+23%
|
(76)
+19%
|
(64)
+16%
|
(51)
+20%
|
(58)
-13%
|
(57)
+1%
|
(59)
-4%
|
(58)
+3%
|
(45)
+22%
|
(31)
+31%
|
(59)
-90%
|
(122)
-108%
|
(156)
-28%
|
(170)
-9%
|
(185)
-9%
|
(101)
+45%
|
(37)
+64%
|
19
N/A
|
115
+499%
|
155
+35%
|
161
+4%
|
153
-5%
|
125
-18%
|
90
-28%
|
62
-31%
|
55
-12%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(35)
|
(37)
|
(37)
|
0
|
(2)
|
0
|
(77)
|
(91)
|
(139)
|
(148)
|
(71)
|
(58)
|
(10)
|
0
|
0
|
(0)
|
(5)
|
(5)
|
(18)
|
(5)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
7
N/A
|
0
N/A
|
(10)
N/A
|
(20)
-93%
|
(32)
-58%
|
(30)
+5%
|
(25)
+16%
|
(16)
+37%
|
(2)
+86%
|
8
N/A
|
(74)
N/A
|
(113)
-53%
|
(150)
-34%
|
(184)
-23%
|
(125)
+32%
|
(95)
+24%
|
(153)
-62%
|
(155)
-1%
|
(190)
-23%
|
(206)
-9%
|
(128)
+38%
|
(117)
+9%
|
(67)
+43%
|
(45)
+33%
|
(31)
+31%
|
(59)
-90%
|
(126)
-115%
|
(160)
-27%
|
(188)
-17%
|
(190)
-1%
|
(102)
+46%
|
(37)
+63%
|
18
N/A
|
114
+521%
|
155
+35%
|
161
+4%
|
153
-5%
|
125
-18%
|
90
-28%
|
62
-31%
|
55
-12%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
2
|
3
|
4
|
4
|
1
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(0)
|
0
|
3
|
3
|
0
|
0
|
(8)
|
125
|
134
|
137
|
138
|
1
|
(10)
|
(16)
|
|
Income from Continuing Operations |
7
|
0
|
(11)
|
(21)
|
(33)
|
(32)
|
(27)
|
(19)
|
(5)
|
6
|
(72)
|
(109)
|
(146)
|
(180)
|
(124)
|
(94)
|
(154)
|
(155)
|
(191)
|
(207)
|
(128)
|
(117)
|
(67)
|
(44)
|
(31)
|
(59)
|
(127)
|
(161)
|
(188)
|
(187)
|
(99)
|
(37)
|
19
|
107
|
279
|
295
|
290
|
263
|
91
|
52
|
39
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
7
N/A
|
0
N/A
|
(11)
N/A
|
(21)
-93%
|
(33)
-57%
|
(32)
+3%
|
(27)
+16%
|
(19)
+31%
|
(5)
+73%
|
6
N/A
|
(72)
N/A
|
(109)
-52%
|
(146)
-34%
|
(180)
-23%
|
(124)
+31%
|
(94)
+24%
|
(154)
-63%
|
(155)
-1%
|
(191)
-23%
|
(207)
-9%
|
(128)
+38%
|
(117)
+9%
|
(67)
+43%
|
(45)
+33%
|
(31)
+31%
|
(59)
-92%
|
(127)
-115%
|
(161)
-27%
|
(188)
-17%
|
(187)
+0%
|
(99)
+47%
|
(37)
+62%
|
19
N/A
|
107
+473%
|
279
+162%
|
295
+6%
|
290
-2%
|
263
-9%
|
91
-65%
|
52
-42%
|
39
-26%
|
|
EPS (Diluted) |
0.1
N/A
|
0
N/A
|
-0.15
N/A
|
-0.29
-93%
|
-0.46
-59%
|
-0.45
+2%
|
-0.38
+16%
|
-0.23
+39%
|
-0.07
+70%
|
0.06
N/A
|
-0.94
N/A
|
-1.39
-48%
|
-1.88
-35%
|
-2.24
-19%
|
-1.52
+32%
|
-1.13
+26%
|
-1.88
-66%
|
-1.87
+1%
|
-2.28
-22%
|
-2.43
-7%
|
-1.52
+37%
|
-1.38
+9%
|
-0.78
+43%
|
-0.51
+35%
|
-0.35
+31%
|
-0.68
-94%
|
-1.8
-165%
|
-2.18
-21%
|
-2.41
-11%
|
-2.01
+17%
|
-0.96
+52%
|
-0.35
+64%
|
0.18
N/A
|
1.01
+461%
|
2.65
+162%
|
2.77
+5%
|
2.79
+1%
|
2.45
-12%
|
0.85
-65%
|
0.49
-42%
|
0.36
-27%
|