Lendingtree, Inc. income statement
In fiscal 2025, Lendingtree, Inc. reported revenue of $1.12bn, up 24.1% on the year before, operating income of $64.8m (a 5.8% margin) and net income of $151m, or $10.78 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 60 | 55 | 77 | 139 | 167 | 254 | 384 | 618 | 765 | 1,107 | 910 | 1,098 | 985 | 673 | 900 | 1,117 | 1,268 |
| Cost of revenue | 5 | 4 | 4 | 7 | 8 | 9 | 14 | 17 | 36 | 68 | 54 | 57 | 58 | 39 | 36 | 43 | 46 |
| Gross profit | 55 | 50 | 73 | 133 | 159 | 245 | 371 | 251 | 305 | 432 | 369 | 410 | 369 | 290 | 310 | 352 | 378 |
| Research and development | 3 | 3 | 4 | 5 | 7 | 10 | 14 | 18 | 27 | 40 | 44 | 53 | 56 | 47 | 46 | 45 | 43 |
| Selling and marketing | 51 | 47 | 49 | 91 | 113 | 173 | 261 | 433 | 500 | 735 | 617 | 774 | 702 | 434 | 636 | 813 | 938 |
| General and administrative | 25 | 20 | 22 | 25 | 26 | 30 | 37 | 72 | 101 | 117 | 129 | 153 | 152 | 118 | 109 | 113 | 111 |
| Operating income | −33 | −61 | −3 | −1 | −1 | 29 | 52 | 33 | 56 | 51 | −7 | 8 | −33 | −41 | 45 | 65 | 104 |
| Interest expense | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 7 | 12 | 20 | 36 | 47 | 26 | — | — | — | — |
| Net interest income | — | — | — | — | — | — | — | — | — | — | — | −47 | −26 | 22 | — | — | — |
| Income before tax | −34 | −61 | −4 | −1 | −1 | 28 | 52 | 26 | 44 | 31 | −43 | 84 | −55 | −125 | −37 | 21 | 62 |
| Income tax | −7 | −12 | −1 | −0 | −0 | −23 | 20 | 6 | −66 | −8 | −20 | 11 | 133 | −3 | 4 | −130 | −120 |
| Net income | −18 | −60 | 47 | 4 | 9 | 48 | 27 | 16 | 96 | 18 | −48 | 69 | −188 | −122 | −42 | 151 | 182 |
| Diluted EPS | −$1.65 | −$5.73 | $4.36 | $0.36 | $0.84 | $3.83 | $2.15 | $1.14 | $6.85 | $1.22 | −$3.71 | $5.05 | −$14.69 | −$9.46 | −$3.14 | $10.78 | $12.67 |
| Diluted shares (average) | 11m | 10m | 11m | 11m | 11m | 13m | 13m | 14m | 14m | 15m | 13m | 14m | 13m | 13m | 13m | 14m | 14m |
| EBITDA | −30 | −56 | 1 | 2 | 2 | 32 | 57 | 40 | 64 | 62 | 8 | 26 | −13 | −22 | 63 | 81 | 120 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 261 | 262 | 240 | 250 | 308 | 320 | 327 | 313 |
| Cost of revenue | 9 | 10 | 10 | 10 | 11 | 12 | 12 | 11 |
| Gross profit | 79 | 88 | 79 | 85 | 95 | 93 | 101 | 89 |
| Research and development | 11 | 13 | 12 | 11 | 11 | 11 | 11 | 10 |
| Selling and marketing | 194 | 186 | 173 | 177 | 225 | 238 | 239 | 236 |
| General and administrative | 27 | 29 | 31 | 25 | 26 | 31 | 28 | 26 |
| Operating income | 10 | 18 | −7 | 21 | 29 | 22 | 31 | 22 |
| Net interest income | — | — | −9 | — | — | — | −9 | — |
| Income before tax | −58 | 9 | −15 | 11 | 12 | 13 | 23 | 14 |
| Income tax | 0 | 2 | −2 | 2 | 1 | −131 | 6 | 5 |
| Net income | −58 | 8 | −12 | 9 | 10 | 145 | 17 | 10 |
| Diluted EPS | −$4.34 | $0.58 | −$0.92 | $0.65 | $0.73 | $10.30 | $1.22 | $0.68 |
| EBITDA | 15 | 22 | −3 | 25 | 33 | 26 | 35 | 26 |
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