Start here if you're new
what it is
LendingTree runs a marketplace that sends you to lenders, insurers, and banks when you shop for money products.
how it gets paid
Last year Lendingtree made $1.1B in revenue.
why it's growing
Revenue grew 24.1% last year. The key number was $798 million of revenue because it proved partner demand can snap back hard.
what just happened
Revenue hit $798M, but the cleaner story is that profitability still swings all over the place.
At a glance
C++ balance sheet — some cracks in the foundation
20/100 earnings predictability — expect surprises
58.5x trailing p/e — you're paying up for this one
-$3.14 fy2024 eps est
$900M fy2024 rev est
xvary composite: 39/100 — weak
What they do
LendingTree runs a marketplace that sends you to lenders, insurers, and banks when you shop for money products.
You go to one site and compare mortgages, cards, loans, and insurance instead of filling out forms all weekend. That traffic loop matters because the platform spans multiple money categories and supports about $1.1 billion in annual revenue. The edge is distribution, not lending risk, which means it sells your intent instead of putting its own balance sheet on the line.
How they make money
$1.1B
annual revenue · their business grew +24.1% last year
total revenue
$1.1B
+24.1%
The products that matter
matches borrowers with lenders
Consumer Marketplace
$~660M · +22% growth
this is the core business at roughly $660M of revenue. if this segment slows, the whole recovery story slows with it.
main engine
sells insurance shopping leads
Insurance
$~275M · flat
insurance contributes about $275M but did not grow. that matters because a flat second pillar leaves more pressure on lending categories to do the heavy lifting.
stalled
serves smaller finance categories
Small Business & Other
$~165M · +60% growth
at roughly $165M, this is smaller but growing fastest. it is not big enough to carry the company yet, but it is the one line moving like a growth business.
fastest growth
Key numbers
58.5x
trailing p/e
Trailing P/E → stock price divided by trailing earnings → so what: you are paying 58.5 times past profit for a company still expected to lose $3.14 a share in 2024.
44%
long-term debt
Long-term debt → money owed for years → so what: it equals 44% of capital, which is a lot for a business with a roughly $553 million market cap.
8.1%
operating margin
Operating margin → money left after running the business → so what: LendingTree keeps 8.1 cents from each sales dollar before interest and taxes, so mistakes still hurt.
2.2
beta
Beta → how violently a stock moves versus the market → so what: at 2.2, this name has historically moved more than twice as much as the index.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 4 — safer than 20% of stocks
- price stability 5 / 100
- long-term debt $440M (44% of capital)
C++ — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for TREE right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $798M, but the cleaner story is that profitability still swings all over the place.
EDGAR-backed quarterly revenue was $798 million, up 159% vs. prior year, while EPS was $0.48, down 34% vs. prior year. Gross margin was 32.4%, which shows the platform model can scale, but not smoothly.
$798M
revenue
$0.48
eps
32.4%
gross margin
the number that mattered
The key number was $798 million of revenue because it proved partner demand can snap back hard, even while EPS remains messy.
source: company earnings report, 2026
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What could go wrong
the #1 risk is debt sitting on top of a marketing-driven model.
med
debt coverage is thin
Operating cash flow covers only 18.7% of the company's $440M debt. That limits room for another bad stretch.
If growth stalls, refinancing risk moves from background noise to the main event.
med
lead demand can turn fast
This is a $900M revenue business that depends on lenders and insurers still paying for consumer traffic. If those partners pull back, revenue does not drift lower. It drops.
You are exposed to credit demand, ad budgets, and partner appetite all at once.
med
high gross margin does not mean high earnings
Gross margin of 96.4% looks elite, but marketing spend still eats the economics. The quarter's -$0.39 EPS made that point clearly.
If customer acquisition gets more expensive, the revenue rebound turns into activity without much shareholder value.
$440M of debt with only 18.7% cash flow coverage is manageable while revenue rebounds. If that rebound fades, the balance sheet stops being a footnote.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
Q1 2026 earnings report
Expected around May 7, 2026. You want to see whether the 22% revenue rebound was a one-quarter burst or the start of a cleaner trend.
metric
cash flow versus debt
The number to watch is still 18.7% cash flow coverage on $440M of debt. If that ratio does not improve, the story stays fragile.
trend
insurance growth that is not flat
Insurance sits at roughly $275M of revenue and was flat. You need a second growth leg, not just one lending rebound doing all the work.
risk
earnings quality after the tax benefit
Last quarter's $144.7M net income came with a $146.4M one-time tax benefit. Watch the next print without that accounting assist.
Analyst rankings
earnings predictability
20 / 100
in human-speak, analysts do not trust the quarterly cadence yet.
risk rank
4
safer than about 20% of stocks. translation: this sits on the riskier side of the market.
price stability
5 / 100
the stock does not move like a sleepy compounder. it moves like a story stock.
source: institutional data
Institutional activity
institutional ownership data for TREE is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$54
current price
n/a
target midpoint · n/a from current
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