HMPT · Home Point Capital Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ($107.59M) | - | $8.32M | $70.01M | $158.17M | - | $510.80M | $345.02M | $67.63M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | $0 | $0 | $0 |
| R&D | - | - | - | - | - | - | - | - | - |
| SG&A | $11.84M | - | $12.48M | $16.97M | $19.67M | - | $21.74M | $26.55M | $7.22M |
| Total Operating Expenses | $69.81M | - | $115.62M | $119.40M | $136.71M | - | $163.31M | $197.99M | $83.98M |
| D&A | $4.26M | - | $2.60M | $2.63M | $2.69M | - | $2.44M | $1.43M | $1.50M |
| Operating Income | ($177.40M) | - | ($107.31M) | ($49.39M) | $21.46M | - | $99.28M | $226.66M | ($16.35M) |
| Interest Expense | $20.50M | - | $26.34M | $28.92M | $33.09M | - | $45.53M | $44.14M | $15.91M |
| Income Tax | ($43.64M) | - | ($25.04M) | ($14.12M) | $4.32M | - | $93.29M | $59.50M | ($3.49M) |
| Net Income | ($133.76M) | - | ($94.13M) | ($44.42M) | $11.86M | - | $71.22M | ($73.21M) | ($10.55M) |
| EPS - Basic | ($0.97) | - | ($0.68) | ($0.32) | $0.09 | - | $0.51 | $1.22 | ($0.08) |
| EPS - Diluted | ($0.97) | - | ($0.68) | ($0.32) | $0.08 | - | $1.90 | $1.21 | ($0.08) |
Balance Sheet
| Line item | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $99.96M | $97.25M | $130.34M | $135.84M | $160.69M | $170.99M | $160.64M | $209.88M | $165.23M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - |
| Total Assets | $2.11B | $2.44B | $3.08B | $4.07B | $5.20B | $7.26B | $8.98B | $8.37B | $7.38B |
| Current Liabilities | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $892.88M | $942.08M | $941.30M | $845.53M | $942.20M | $1.23B | $1.07B | $1.17B | $454.02M |
| Total Liabilities | $1.64B | $1.83B | $2.44B | $3.34B | $4.42B | $6.48B | $8.22B | $7.66B | $6.45B |
| Stockholders' Equity | $470.55M | $603.54M | $639.22M | $732.40M | $783.26M | $776.65M | $761.20M | $632.96M | $410.31M |
| Retained Earnings | ($43.93M) | $89.83M | $126.60M | $220.73M | $259.13M | $252.84M | $239.12M | $188.82M | $262.04M |
Cash Flow
| Line item | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $139.19M | - | - | - | $1.90B | - | - | - | ($202.21M) |
| Investing Cash Flow | ($478.0K) | - | - | - | $379.77M | - | - | - | ($2.40M) |
| Financing Cash Flow | ($137.03M) | - | - | - | ($2.29B) | - | - | - | $210.93M |
| CapEx | $478.0K | - | - | - | $2.17M | - | - | - | $2.40M |
| Free Cash Flow | $138.72M | - | - | - | $1.89B | - | - | - | ($204.61M) |
Ratios
| Metric | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||
| Gross margin | - | - | - | - | - | - | 0.0% | 0.0% | 0.0% |
| Operating margin | 164.9% | - | -1290.2% | -70.6% | 13.6% | - | 19.4% | 65.7% | -24.2% |
| EBITDA margin | 160.9% | - | -1259.0% | -66.8% | 15.3% | - | 19.9% | 66.1% | -22.0% |
| Net margin | 124.3% | - | -1131.8% | -63.4% | 7.5% | - | 13.9% | -21.2% | -15.6% |
| Free cash flow margin | -128.9% | - | - | - | 1197.3% | - | - | - | -302.5% |
| FCF / Net income | -1.04 | - | - | - | 159.63 | - | - | - | 19.40 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | -11.0% | - | 150.0% | 24.2% | 12.4% | - | 4.3% | 7.7% | 10.7% |
| Effective tax rate | - | - | - | - | 26.7% | - | 56.7% | - | - |
| Return on assets | -6.3% | - | -3.1% | -1.1% | 0.2% | - | 0.8% | -0.9% | -0.1% |
| Return on equity | -28.4% | - | -14.7% | -6.1% | 1.5% | - | 9.4% | -11.6% | -2.6% |
| Return on invested capital | -10.3% | - | -5.4% | -2.5% | 0.9% | - | 2.7% | 10.0% | -1.5% |
| Liquidity | |||||||||
| Current ratio | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - |
| Leverage | |||||||||
| Debt / Equity | 1.90 | 1.56 | 1.47 | 1.15 | 1.20 | 1.58 | 1.40 | 1.84 | 1.11 |
| Debt / Assets | 0.42 | 0.39 | 0.31 | 0.21 | 0.18 | 0.17 | 0.12 | 0.14 | 0.06 |
| Debt / EBITDA | - | - | - | - | 39.02 | - | 10.48 | 5.11 | - |
| Interest coverage | -8.7x | - | -4.1x | -1.7x | 0.6x | - | 2.2x | 5.1x | -1.0x |
| Equity multiplier | 4.49 | 4.04 | 4.82 | 5.56 | 6.64 | 9.35 | 11.79 | 13.22 | 17.98 |
| Liabilities / Assets | 0.78 | 0.75 | 0.79 | 0.82 | 0.85 | 0.89 | 0.92 | 0.92 | 0.87 |
| Efficiency | |||||||||
| Asset turnover | -0.05 | - | 0.00 | 0.02 | 0.03 | - | 0.06 | 0.04 | 0.01 |
| Inventory turnover | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - |
| Valuation | |||||||||
| P / E | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - |
| Growth | |||||||||
| Revenue growth (YoY) | -168.0% | - | -98.4% | -79.7% | 133.9% | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | - | - | - | 39.3% | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -92.7% | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -39.9% | -22.3% | -16.0% | 15.7% | 90.9% | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$1.01B totalOrigination Segment$750.58M · 74.5%
Servicing Segment$256.71M · 25.5%
Peer comparison
Same SIC group: Mortgage Bankers & Loan Correspondents
Comparing Home Point Capital Inc. against the 5 most active filers in the same SIC group.