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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net revenue, fees $ 138,872,000   $ 387,808,000  
Gain on sales of loans (1) [1] 10,919,000 $ 6,680,000 35,470,000 $ 13,017,000
Other revenue (1) 1,458,000 [1] 1,375,000 [1] 4,382,000 5,070,000
Net interest income and fair value adjustments:        
Interest income 115,514,000 151,532,000 381,292,000 469,788,000
Interest expense (90,642,000) (139,681,000) (302,383,000) (448,628,000)
Net fair value adjustments (1) [1] (19,554,000) (8,280,000) (74,823,000) (11,868,000)
Net interest income and fair value adjustments (1) 5,318,000 [1] 3,571,000 [1] 4,086,000 9,292,000
Total net revenue 184,645,000 154,030,000 513,291,000 418,085,000
Operating expenses:        
Sales and marketing 73,601,000 59,570,000 200,164,000 169,735,000
Origination and servicing 25,431,000 21,321,000 73,669,000 63,044,000
Engineering and product development 41,216,000 32,860,000 115,703,000 104,338,000
Other general and administrative 57,446,000 46,925,000 167,338,000 142,994,000
Goodwill impairment 0 0 35,633,000 0
Class action and regulatory litigation expense 9,738,000 0 35,500,000 0
Total operating expenses 207,432,000 160,676,000 628,007,000 480,111,000
Loss before income tax expense (22,787,000) (6,646,000) (114,716,000) (62,026,000)
Income tax (benefit) expense (38,000) 13,000 25,000 (79,000)
Consolidated net loss (22,749,000) (6,659,000) (114,741,000) (61,947,000)
Less: Income (Loss) attributable to noncontrolling interests 55,000 (129,000) 105,000 (119,000)
LendingClub net loss $ (22,804,000) $ (6,530,000) $ (114,846,000) $ (61,828,000)
Net loss per share attributable to LendingClub: Basic ($ per share) $ (0.05) $ (0.02) $ (0.27) $ (0.15)
Net loss per share attributable to LendingClub: Diluted ($ per share) $ (0.05) $ (0.02) $ (0.27) $ (0.15)
Weighted-average common shares - Basic (shares) 424,359,142 412,778,995 421,306,508 406,633,850
Weighted-average common shares - Diluted (shares) 424,359,142 412,778,995 421,306,508 406,633,850
Transaction fees        
Net revenue, fees $ 137,781,000 $ 121,905,000 $ 384,889,000 $ 327,911,000
Investor fees        
Net revenue, fees $ 29,169,000 $ 20,499,000 $ 84,464,000 $ 62,795,000
[1] Prior period amounts have been reclassified to conform to the current period presentation. See “Notes to Condensed Consolidated Financial Statements – Note 1. Basis of Presentation” for additional information.