LendingClub Corp
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 12, 2026
HAPN$15.67-3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income | $135,677 | $51,330 | $38,939 |
| Adjustments to reconcile net income to net cash used for operating activities: | |||
| Net fair value adjustments | 134,946 | 154,659 | 134,114 |
| Change in fair value of loan servicing assets | 59,457 | 75,359 | 62,581 |
| Gain on sales of loans | (59,087) | (49,097) | (47,839) |
| Provision for credit losses | 191,320 | 178,267 | 243,565 |
| Accretion of deferred origination fees and marketing costs | (62,361) | (68,535) | (90,723) |
| Stock-based compensation, net | 34,286 | 40,069 | 52,389 |
| Depreciation and amortization | 62,889 | 58,834 | 47,195 |
| Other, net | 9,995 | 10,754 | (8,932) |
| Net change to loans held for sale | (3,267,348) | (3,101,778) | (1,535,037) |
| Net change in operating assets and liabilities: | |||
| Other assets | 33,593 | 22,422 | 54,894 |
| Other liabilities | (307) | (6,458) | (87,746) |
| Net cash used for operating activities | (2,726,940) | (2,634,174) | (1,136,600) |
| Cash flows from investing activities: | |||
| Net change in loans and leases | 320,535 | (223,857) | 544,821 |
| Purchases of securities available for sale | (30,452) | (49,786) | (61,648) |
| Proceeds from sales, maturities and paydowns of securities available for sale | 1,786,765 | 938,409 | 97,709 |
| Purchases of property, equipment and software, net | (140,341) | (54,302) | (59,509) |
| Other investing activities | (4,348) | (2,651) | (4,676) |
| Net cash provided by investing activities | 1,932,159 | 607,813 | 516,697 |
| Cash flows from financing activities: | |||
| Net change in deposits | 769,915 | 1,742,479 | 921,393 |
| Principal payments on borrowings | — | (19,202) | (111,993) |
| Other financing activities | (22,093) | (13,668) | (19,833) |
| Net cash provided by financing activities | 747,822 | 1,709,609 | 789,567 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (46,959) | (316,752) | 169,664 |
| Cash, cash equivalents and restricted cash, beginning of period | 977,396 | 1,294,148 | 1,124,484 |
| Cash, cash equivalents and restricted cash, end of period | $930,437 | $977,396 | $1,294,148 |
| Supplemental cash flow information: | |||
| Cash paid for interest | $341,390 | $378,276 | $258,626 |
| Cash paid for income taxes | $3,377 | $275 | $6,631 |
| Cash paid for operating leases included in the measurement of lease liabilities | $13,688 | $12,869 | $12,797 |
| Supplemental non-cash investing activity: | |||
| Net securities retained from Structured Program transactions | $1,993,586 | $2,711,693 | $1,299,313 |
| Supplemental non-cash financing activity: | |||
| Derecognition of payable to securitization note and residual certificate holders held in consolidated VIE | $— | $880 | $— |
Consolidated Statements of Cash Flows (Continued)
The following presents cash, cash equivalents and restricted cash by category within the Balance Sheet:
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Cash and cash equivalents | $917,654 | $954,058 |
| Restricted cash | 12,783 | 23,338 |
| Total cash, cash equivalents and restricted cash | $930,437 | $977,396 |
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