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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Sep. 30, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net revenue:                        
Net revenue, fees                   $ 604,234,000 $ 530,587,000  
Interest income $ 74,791,000 $ 77,820,000 $ 92,562,000 $ 100,172,000 $ 106,170,000 $ 115,514,000 $ 127,760,000 $ 138,018,000   345,345,000 487,462,000 $ 611,259,000
Interest expense (49,251,000) (55,060,000) (66,916,000) (75,360,000) (83,222,000) (90,642,000) (100,898,000) (110,843,000)   (246,587,000) (385,605,000) (571,424,000)
Net fair value adjustments (42,659,000) (31,628,000) (35,974,000) (34,729,000) (25,865,000) (19,554,000) (26,556,000) (28,713,000)   (144,990,000) (100,688,000) (30,817,000)
Net interest income and fair value adjustments (17,119,000) (8,868,000) (10,328,000) (9,917,000) (2,917,000) 5,318,000 306,000 (1,538,000)   (46,232,000) 1,169,000 9,018,000
Gain on sales of loans 20,373,000 18,305,000 13,886,000 15,152,000 10,509,000 10,919,000 11,880,000 12,671,000   67,716,000 45,979,000 23,370,000
Net Investor Revenue 33,512,000 39,708,000 35,830,000 36,966,000 38,011,000 45,406,000 39,586,000 39,028,000   146,016,000 [1] 162,031,000 [1] 119,496,000 [1]
Other revenue 5,023,000 3,983,000 2,770,000 2,055,000 1,457,000 1,458,000 1,467,000 1,457,000   13,831,000 5,839,000 6,436,000
Total net revenue 188,486,000 204,896,000 190,807,000 174,418,000 181,521,000 184,645,000 176,979,000 151,667,000   758,607,000 694,812,000 574,540,000
Operating expenses:                        
Sales and marketing 67,222,000 76,255,000 69,323,000 66,623,000 68,353,000 73,601,000 69,046,000 57,517,000   279,423,000 268,517,000 229,865,000
Origination and servicing 22,203,000 27,996,000 24,931,000 28,273,000 25,707,000 25,431,000 25,593,000 22,645,000   103,403,000 99,376,000 86,891,000
Engineering and product development 41,080,000 41,455,000 43,299,000 42,546,000 39,552,000 41,216,000 37,650,000 36,837,000   168,380,000 155,255,000 142,264,000
Other general and administrative 57,607,000 59,485,000 64,324,000 56,876,000 61,303,000 57,446,000 57,583,000 52,309,000   238,292,000 228,641,000 191,683,000
Goodwill impairment         0 0 35,633,000 0   0 35,633,000 0
Class action and regulatory litigation expense         0 9,738,000 12,262,000 13,500,000 $ 35,500,000 0 35,500,000 77,250,000
Total operating expenses 188,112,000 205,191,000 201,877,000 194,318,000 194,915,000 207,432,000 237,767,000 182,808,000   789,498,000 822,922,000 727,953,000
Loss before income tax expense 374,000 (295,000) (11,070,000) (19,900,000) (13,394,000) (22,787,000) (60,788,000) (31,141,000)   (30,891,000) (128,110,000) (153,413,000)
Income tax expense (benefit) 140,000 97,000 (438,000) 0 18,000 (38,000) 24,000 39,000   (201,000) 43,000 632,000
Consolidated net loss 234,000 (392,000) (10,632,000) (19,900,000) (13,412,000) (22,749,000) (60,812,000) (31,180,000)   (30,690,000) (128,153,000) (154,045,000)
Less: Income (Loss) attributable to noncontrolling interests 0 (9,000) 29,000 35,000 50,000 55,000 49,000 1,000   55,000 155,000 (210,000)
LendingClub net loss $ 234,000 $ (383,000) $ (10,661,000) $ (19,935,000) $ (13,462,000) $ (22,804,000) $ (60,861,000) $ (31,181,000)   $ (30,745,000) $ (128,308,000) $ (153,835,000)
Net loss per share attributable to LendingClub:                        
Basic ($ per share) $ 0.00 $ 0.00 $ (0.12) $ (0.23) $ (0.16) $ (0.27) $ (0.72) $ (0.37)   $ (0.35) [2] $ (1.52) [2] $ (1.88) [2]
Diluted ($ per share) $ 0.00 $ 0.00 $ (0.12) $ (0.23) $ (0.16) $ (0.27) $ (0.72) $ (0.37)   $ (0.35) [2] $ (1.52) [2] $ (1.88) [2]
Weighted-average common shares - Basic (shares) 88,371,672 87,588,495 86,719,049 86,108,871 85,539,436 84,871,828 84,238,897 83,659,860   87,278,596 [2] 84,583,461 [2] 81,799,189 [2]
Weighted-average common shares - Diluted (shares) 88,912,677 87,588,495 86,719,049 86,108,871 85,539,436 84,871,828 84,238,897 83,659,860   87,278,596 [2] 84,583,461 [2] 81,799,189 [2]
Transaction fees                        
Net revenue:                        
Net revenue, fees $ 149,951,000 $ 161,205,000 $ 152,207,000 $ 135,397,000 $ 142,053,000 $ 137,781,000 $ 135,926,000 $ 111,182,000   $ 598,760,000 $ 526,942,000 $ 448,608,000
Investor fees                        
Net revenue:                        
Net revenue, fees $ 30,258,000 $ 30,271,000 $ 32,272,000 $ 31,731,000 $ 30,419,000 $ 29,169,000 $ 27,400,000 $ 27,895,000   $ 124,532,000 $ 114,883,000 $ 87,108,000
[1]
See Notes to Consolidated Financial StatementsNote 1. Basis of Presentation” for additional information.
[2]
All share and per share information has been retroactively adjusted to reflect a reverse stock split. See “Notes to Consolidated Financial StatementsNote 4. Net Loss Per Share” for additional information.