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Side-by-side financial comparison of loanDepot, Inc. (LDI) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
PROCORE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($349.1M vs $310.3M, roughly 1.1× loanDepot, Inc.). loanDepot, Inc. runs the higher net margin — -7.2% vs -10.8%, a 3.5% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs 15.6%). PROCORE TECHNOLOGIES, INC. produced more free cash flow last quarter ($109.2M vs $-648.0M). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% CAGR vs 13.8%).
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
LDI vs PCOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $310.3M | $349.1M |
| Net Profit | $-22.5M | $-37.6M |
| Gross Margin | — | 80.1% |
| Operating Margin | -10.3% | -12.3% |
| Net Margin | -7.2% | -10.8% |
| Revenue YoY | 20.5% | 15.6% |
| Net Profit YoY | 32.4% | 39.6% |
| EPS (diluted) | — | $-0.25 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $310.3M | $349.1M | ||
| Q3 25 | $323.3M | $338.9M | ||
| Q2 25 | $282.5M | $323.9M | ||
| Q1 25 | $273.6M | $310.6M | ||
| Q4 24 | $257.5M | $302.0M | ||
| Q3 24 | $314.6M | $295.9M | ||
| Q2 24 | $265.4M | $284.3M | ||
| Q1 24 | $222.8M | $269.4M |
| Q4 25 | $-22.5M | $-37.6M | ||
| Q3 25 | $-4.9M | $-9.1M | ||
| Q2 25 | $-13.4M | $-21.1M | ||
| Q1 25 | $-21.9M | $-33.0M | ||
| Q4 24 | $-33.2M | $-62.3M | ||
| Q3 24 | $1.4M | $-26.4M | ||
| Q2 24 | $-32.2M | $-6.3M | ||
| Q1 24 | $-34.3M | $-11.0M |
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% | ||
| Q1 24 | — | 83.0% |
| Q4 25 | -10.3% | -12.3% | ||
| Q3 25 | -3.2% | -4.4% | ||
| Q2 25 | -11.4% | -9.3% | ||
| Q1 25 | -16.8% | -11.7% | ||
| Q4 24 | -32.7% | -21.9% | ||
| Q3 24 | 1.1% | -12.3% | ||
| Q2 24 | -29.1% | -5.2% | ||
| Q1 24 | -38.2% | -7.0% |
| Q4 25 | -7.2% | -10.8% | ||
| Q3 25 | -1.5% | -2.7% | ||
| Q2 25 | -4.7% | -6.5% | ||
| Q1 25 | -8.0% | -10.6% | ||
| Q4 24 | -12.9% | -20.6% | ||
| Q3 24 | 0.4% | -8.9% | ||
| Q2 24 | -12.1% | -2.2% | ||
| Q1 24 | -15.4% | -4.1% |
| Q4 25 | — | $-0.25 | ||
| Q3 25 | — | $-0.06 | ||
| Q2 25 | — | $-0.14 | ||
| Q1 25 | — | $-0.22 | ||
| Q4 24 | — | $-0.42 | ||
| Q3 24 | $0.01 | $-0.18 | ||
| Q2 24 | $-0.18 | $-0.04 | ||
| Q1 24 | $-0.19 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $337.2M | $768.5M |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $386.0M | $1.3B |
| Total Assets | $6.9B | $2.2B |
| Debt / EquityLower = less leverage | 5.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $337.2M | $768.5M | ||
| Q3 25 | $459.2M | $684.0M | ||
| Q2 25 | $408.6M | $620.9M | ||
| Q1 25 | $371.5M | $566.7M | ||
| Q4 24 | $421.6M | $775.4M | ||
| Q3 24 | $483.0M | $756.9M | ||
| Q2 24 | $533.2M | $735.4M | ||
| Q1 24 | $603.7M | $744.6M |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.3B | — |
| Q4 25 | $386.0M | $1.3B | ||
| Q3 25 | $433.3M | $1.2B | ||
| Q2 25 | $439.1M | $1.2B | ||
| Q1 25 | $469.3M | $1.2B | ||
| Q4 24 | $506.6M | $1.3B | ||
| Q3 24 | $592.0M | $1.3B | ||
| Q2 24 | $578.9M | $1.3B | ||
| Q1 24 | $637.3M | $1.2B |
| Q4 25 | $6.9B | $2.2B | ||
| Q3 25 | $6.2B | $2.1B | ||
| Q2 25 | $6.2B | $2.0B | ||
| Q1 25 | $6.4B | $1.9B | ||
| Q4 24 | $6.3B | $2.1B | ||
| Q3 24 | $6.4B | $2.0B | ||
| Q2 24 | $5.9B | $2.0B | ||
| Q1 24 | $6.2B | $1.9B |
| Q4 25 | 5.44× | — | ||
| Q3 25 | 4.83× | — | ||
| Q2 25 | 4.70× | — | ||
| Q1 25 | 4.30× | — | ||
| Q4 24 | 4.00× | — | ||
| Q3 24 | 3.31× | — | ||
| Q2 24 | 3.41× | — | ||
| Q1 24 | 3.63× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-638.7M | $114.9M |
| Free Cash FlowOCF − Capex | $-648.0M | $109.2M |
| FCF MarginFCF / Revenue | -208.9% | 31.3% |
| Capex IntensityCapex / Revenue | 3.0% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-734.6M | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-638.7M | $114.9M | ||
| Q3 25 | $43.4M | $88.5M | ||
| Q2 25 | $67.6M | $30.8M | ||
| Q1 25 | $-179.9M | $66.0M | ||
| Q4 24 | $47.7M | $29.1M | ||
| Q3 24 | $-349.2M | $39.3M | ||
| Q2 24 | $-278.3M | $58.7M | ||
| Q1 24 | $-278.5M | $69.1M |
| Q4 25 | $-648.0M | $109.2M | ||
| Q3 25 | $38.7M | $83.1M | ||
| Q2 25 | $61.4M | $27.9M | ||
| Q1 25 | $-186.7M | $62.0M | ||
| Q4 24 | $40.8M | $17.4M | ||
| Q3 24 | $-356.4M | $35.7M | ||
| Q2 24 | $-285.7M | $56.8M | ||
| Q1 24 | $-283.3M | $67.1M |
| Q4 25 | -208.9% | 31.3% | ||
| Q3 25 | 12.0% | 24.5% | ||
| Q2 25 | 21.7% | 8.6% | ||
| Q1 25 | -68.2% | 20.0% | ||
| Q4 24 | 15.8% | 5.8% | ||
| Q3 24 | -113.3% | 12.1% | ||
| Q2 24 | -107.7% | 20.0% | ||
| Q1 24 | -127.2% | 24.9% |
| Q4 25 | 3.0% | 1.6% | ||
| Q3 25 | 1.5% | 1.6% | ||
| Q2 25 | 2.2% | 0.9% | ||
| Q1 25 | 2.5% | 1.3% | ||
| Q4 24 | 2.7% | 3.9% | ||
| Q3 24 | 2.3% | 1.2% | ||
| Q2 24 | 2.8% | 0.7% | ||
| Q1 24 | 2.1% | 0.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -255.05× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LDI
Segment breakdown not available.
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
