lending club is the world’s largest online credit marketplace, facilitating personal loans, business loans, and financing for elective medical procedures and k-12 education and tutoring. borrowers access lower interest rate loans through a fast and easy online or mobile interface. investors provide the capital to enable many of the loans in exchange for earning interest. we operate fully online with no branch infrastructure, and use technology to lower cost and deliver an amazing experience. we pass the cost savings to borrowers in the form of lower rates and investors in the form of attractive returns. we’re transforming the banking system into a frictionless, transparent and highly efficient online marketplace, helping people achieve their financial goals every day. since launching in 2007 we’ve built a trusted brand with a track record of delivering exceptional value and satisfaction to both borrowers and investors. lending club’s awards include being named to the inc. 500 in 2014
Company profile
Ticker
LC
Exchange
Website
CEO
Scott Sanborn
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Consumer Loan Underlying Bond (CLUB) Depositor, LLC ...
LC stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
11 Apr 24
10-K
2023 FY
Annual report
16 Feb 24
8-K
Regulation FD Disclosure
2 Feb 24
8-K
LendingClub Reports Fourth Quarter and Full Year 2023 Results
30 Jan 24
8-K
Regulation FD Disclosure
2 Nov 23
10-Q
2023 Q3
Quarterly report
30 Oct 23
8-K
LendingClub Reports Third Quarter 2023 Results
25 Oct 23
8-K
Results of Operations and Financial Condition
12 Oct 23
10-Q
2023 Q2
Quarterly report
31 Jul 23
8-K
LendingClub Reports Second Quarter 2023 Results
26 Jul 23
Transcripts
LC
Earnings call transcript
2023 Q4
30 Jan 24
LC
Earnings call transcript
2023 Q3
25 Oct 23
LC
Earnings call transcript
2023 Q2
26 Jul 23
LC
Earnings call transcript
2023 Q1
26 Apr 23
LC
Earnings call transcript
2022 Q4
25 Jan 23
LC
Earnings call transcript
2022 Q3
26 Oct 22
LC
Earnings call transcript
2022 Q2
28 Jul 22
LC
Earnings call transcript
2022 Q1
28 Apr 22
LC
Earnings call transcript
2021 Q4
27 Jan 22
LC
Earnings call transcript
2021 Q3
28 Oct 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.35 bn | 1.35 bn | 1.35 bn | 1.35 bn | 1.35 bn | 1.35 bn |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 114.98 mm | 24.04 mm |
Cash used (since last report) | n/a | n/a | n/a | n/a | 784.14 mm | 163.93 mm |
Cash remaining | n/a | n/a | n/a | n/a | 566.11 mm | 1.19 bn |
Runway (months of cash) | n/a | n/a | n/a | n/a | 4.9 | 49.4 |
Institutional ownership, Q2 2023
74.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 176 |
Opened positions | 23 |
Closed positions | 38 |
Increased positions | 54 |
Reduced positions | 58 |
13F shares | Current |
---|---|
Total value | 790.30 bn |
Total shares | 81.83 mm |
Total puts | 906.50 k |
Total calls | 811.90 k |
Total put/call ratio | 1.1 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 11.38 mm | $110.98 bn |
Jackson Square Partners | 9.18 mm | $89.48 bn |
BLK Blackrock | 8.27 mm | $80.64 bn |
Rubric Capital Management | 5.31 mm | $51.76 bn |
Dimensional Fund Advisors | 3.12 mm | $30.41 bn |
STT State Street | 2.71 mm | $26.42 bn |
Citadel Advisors | 2.57 mm | $25.10 bn |
Harspring Capital Management | 2.36 mm | $22.96 bn |
Geode Capital Management | 2.12 mm | $20.67 bn |
Renaissance Technologies | 2.11 mm | $20.57 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Mar 24 | Fergal Stack | RSU Common Stock | Grant | Acquire A | No | No | 0 | 37,407 | 0.00 | 37,407 |
21 Mar 24 | Scott Sanborn | RSU Common Stock | Grant | Acquire A | No | No | 0 | 498,754 | 0.00 | 498,754 |
21 Mar 24 | Scott Sanborn | RSU Common Stock | Grant | Acquire A | No | No | 0 | 157,809 | 0.00 | 157,809 |
21 Mar 24 | Andrew LaBenne | RSU Common Stock | Grant | Acquire A | No | No | 0 | 147,289 | 0.00 | 147,289 |
21 Mar 24 | Annie Armstrong | RSU Common Stock | Grant | Acquire A | No | No | 0 | 106,375 | 0.00 | 106,375 |
21 Mar 24 | Jordan Cheng | RSU Common Stock | Grant | Acquire A | No | No | 0 | 68,735 | 0.00 | 68,735 |
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