LendingClub Corp (LC) Files 10-K for the Fiscal Year Ended on December 31, 2019

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Feb 20, 2020
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LendingClub Corp (LC, Financial)(30-Year Financial) files its latest 10-K with SEC for the fiscal year ended on December 31, 2019. LendingClub Corp is an online marketplace connecting borrowers and investors to engage in transactions relating to standard or custom program loans. LendingClub Corp has a market cap of $1.17 billion; its shares were traded at around $13.19 with and P/S ratio of 1.76. GuruFocus has detected 2 severe warning signs with LendingClub Corp. .

For the last quarter LendingClub Corp reported a revenue of $166.3 million, compared with the revenue of $155.8 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $655.2 million, an increase of 10% from last year. For the complete 30-year financial data, please go here.. For the last five years LendingClub Corp had an average revenue growth rate of 26.4% a year.

The reported loss per diluted share was 35 cents for the year, compared with the loss per share of $0.05 in the previous year. The profitability rank of the company is 2 (out of 10).

At the end of the fiscal year, LendingClub Corp has the cash and cash equivalents of $243.8 million, compared with $373.0 million in the previous year. The long term debt was $1.2 billion, compared with $2.2 billion in the previous year. LendingClub Corp has a financial strength rank of 3 (out of 10).

At the current stock price of $13.19, LendingClub Corp is traded at 62% discount to its historical median P/S valuation band of $34.72. The P/S ratio of the stock is 1.76, while the historical median P/S ratio is 4.66. The stock lost 28.09% during the past 12 months.

For the complete 20-year historical financial data of LC, click here.