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Side-by-side financial comparison of loanDepot, Inc. (LDI) and Strategic Education, Inc. (STRA). Click either name above to swap in a different company.
loanDepot, Inc. is the larger business by last-quarter revenue ($310.3M vs $305.9M, roughly 1.0× Strategic Education, Inc.). Strategic Education, Inc. runs the higher net margin — 10.7% vs -7.2%, a 18.0% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs 0.8%). Strategic Education, Inc. produced more free cash flow last quarter ($77.3M vs $-648.0M). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% CAGR vs -1.0%).
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
LDI vs STRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $310.3M | $305.9M |
| Net Profit | $-22.5M | $32.8M |
| Gross Margin | — | — |
| Operating Margin | -10.3% | 13.4% |
| Net Margin | -7.2% | 10.7% |
| Revenue YoY | 20.5% | 0.8% |
| Net Profit YoY | 32.4% | 10.3% |
| EPS (diluted) | — | $1.48 |
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.
| Q1 26 | — | $305.9M | ||
| Q4 25 | $310.3M | $323.2M | ||
| Q3 25 | $323.3M | $319.9M | ||
| Q2 25 | $282.5M | $321.5M | ||
| Q1 25 | $273.6M | $303.6M | ||
| Q4 24 | $257.5M | $311.5M | ||
| Q3 24 | $314.6M | $306.0M | ||
| Q2 24 | $265.4M | $312.3M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-22.5M | $37.9M | ||
| Q3 25 | $-4.9M | $26.6M | ||
| Q2 25 | $-13.4M | $32.3M | ||
| Q1 25 | $-21.9M | $29.7M | ||
| Q4 24 | $-33.2M | $25.3M | ||
| Q3 24 | $1.4M | $27.7M | ||
| Q2 24 | $-32.2M | $29.9M |
| Q1 26 | — | 13.4% | ||
| Q4 25 | -10.3% | 16.0% | ||
| Q3 25 | -3.2% | 11.6% | ||
| Q2 25 | -11.4% | 14.2% | ||
| Q1 25 | -16.8% | 13.1% | ||
| Q4 24 | -32.7% | 11.6% | ||
| Q3 24 | 1.1% | 11.9% | ||
| Q2 24 | -29.1% | 13.4% |
| Q1 26 | — | 10.7% | ||
| Q4 25 | -7.2% | 11.7% | ||
| Q3 25 | -1.5% | 8.3% | ||
| Q2 25 | -4.7% | 10.1% | ||
| Q1 25 | -8.0% | 9.8% | ||
| Q4 24 | -12.9% | 8.1% | ||
| Q3 24 | 0.4% | 9.1% | ||
| Q2 24 | -12.1% | 9.6% |
| Q1 26 | — | $1.48 | ||
| Q4 25 | — | $1.65 | ||
| Q3 25 | — | $1.15 | ||
| Q2 25 | — | $1.37 | ||
| Q1 25 | — | $1.24 | ||
| Q4 24 | — | $1.05 | ||
| Q3 24 | $0.01 | $1.15 | ||
| Q2 24 | $-0.18 | $1.24 |
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 | $150.3M |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $386.0M | $1.6B |
| Total Assets | $6.9B | $2.1B |
| Debt / EquityLower = less leverage | 5.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $150.3M | ||
| Q4 25 | $337.2M | $148.1M | ||
| Q3 25 | $459.2M | $172.6M | ||
| Q2 25 | $408.6M | $164.9M | ||
| Q1 25 | $371.5M | $182.6M | ||
| Q4 24 | $421.6M | $184.0M | ||
| Q3 24 | $483.0M | $222.1M | ||
| Q2 24 | $533.2M | $256.2M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.6B | ||
| Q4 25 | $386.0M | $1.6B | ||
| Q3 25 | $433.3M | $1.7B | ||
| Q2 25 | $439.1M | $1.7B | ||
| Q1 25 | $469.3M | $1.6B | ||
| Q4 24 | $506.6M | $1.7B | ||
| Q3 24 | $592.0M | $1.7B | ||
| Q2 24 | $578.9M | $1.7B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $6.9B | $2.0B | ||
| Q3 25 | $6.2B | $2.1B | ||
| Q2 25 | $6.2B | $2.1B | ||
| Q1 25 | $6.4B | $2.1B | ||
| Q4 24 | $6.3B | $2.0B | ||
| Q3 24 | $6.4B | $2.2B | ||
| Q2 24 | $5.9B | $2.2B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $87.4M |
| Free Cash FlowOCF − Capex | $-648.0M | $77.3M |
| FCF MarginFCF / Revenue | -208.9% | 25.3% |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | — | 2.66× |
| TTM Free Cash FlowTrailing 4 quarters | $-734.6M | $173.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $87.4M | ||
| Q4 25 | $-638.7M | $39.2M | ||
| Q3 25 | $43.4M | $60.1M | ||
| Q2 25 | $67.6M | $31.2M | ||
| Q1 25 | $-179.9M | $67.7M | ||
| Q4 24 | $47.7M | $15.9M | ||
| Q3 24 | $-349.2M | $51.5M | ||
| Q2 24 | $-278.3M | $24.3M |
| Q1 26 | — | $77.3M | ||
| Q4 25 | $-648.0M | $27.0M | ||
| Q3 25 | $38.7M | $49.3M | ||
| Q2 25 | $61.4M | $20.4M | ||
| Q1 25 | $-186.7M | $57.3M | ||
| Q4 24 | $40.8M | $4.7M | ||
| Q3 24 | $-356.4M | $42.1M | ||
| Q2 24 | $-285.7M | $13.6M |
| Q1 26 | — | 25.3% | ||
| Q4 25 | -208.9% | 8.3% | ||
| Q3 25 | 12.0% | 15.4% | ||
| Q2 25 | 21.7% | 6.3% | ||
| Q1 25 | -68.2% | 18.9% | ||
| Q4 24 | 15.8% | 1.5% | ||
| Q3 24 | -113.3% | 13.8% | ||
| Q2 24 | -107.7% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 3.8% | ||
| Q3 25 | 1.5% | 3.4% | ||
| Q2 25 | 2.2% | 3.4% | ||
| Q1 25 | 2.5% | 3.4% | ||
| Q4 24 | 2.7% | 3.6% | ||
| Q3 24 | 2.3% | 3.1% | ||
| Q2 24 | 2.8% | 3.4% |
| Q1 26 | — | 2.66× | ||
| Q4 25 | — | 1.03× | ||
| Q3 25 | — | 2.26× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 2.27× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | -255.05× | 1.86× | ||
| Q2 24 | — | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LDI
Segment breakdown not available.
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
