loanDepot, Inc. (LDI) Financials

LDI

Trailing 12 months to June 30, 2026

Revenue $1.3B +11.4% YoY

Net Income -$114.3M +33.2% YoY

Free Cash Flow -$282.4M +35.1% YoY

Operating Cash Flow -$251.0M +38.4% YoY

Market Cap $274.4M as of Oct 6, 2026

Price / Sales 0.2x on $1.3B revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 0.8x on $333.0M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LDI SEC filings page.

loanDepot, Inc. (LDI) reported $1.3B in revenue over the twelve months to Jun 30, 2026, up 11.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LDI FY2025 2026-10-03

loanDepot’s reported recovery in losses has not repaired its balance sheet: leverage rose while operating cash remained negative.

From FY2023 to FY2025, the net loss narrowed from $235.5M to $107.5M, yet operating cash flow remained negative in both years. That divergence means earnings improved faster than cash economics, while debt-to-equity climbed from 3.2x to 5.4x.

Equity fell from $704.5M in FY2023 to $386.0M in FY2025, shrinking the balance-sheet cushion. Over the same span, debt-to-equity rose from 3.2x to 5.4x, indicating that financing claims became heavier relative to owners’ capital.

Revenue recovered from $974.0M in FY2023 to $1.2B in FY2025, but operating cash flow was negative in both years; the rebound has not translated into internally generated cash. SG&A also fell from $212.7M to $177.1M, yet the company still reported a net loss in FY2025, pointing to pressure beyond that overhead line.

Financial Health Signals

Financial health score not available

loanDepot, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/6

loanDepot, Inc. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

loanDepot, Inc. reported a net loss of $107.5M while operations used $707.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$337.3M

YoY+19.4%

QoQ+17.8%

5Y CAGR-15.4%

loanDepot, Inc. generated $337.3M in revenue in Q2 2026. This represents an increase of 19.4% from the same quarter a year earlier. Against the prior quarter it is up 17.8%.

Net Income

-$4.5M

YoY+66.1%

QoQ+87.9%

loanDepot, Inc. reported -$4.5M in net income in Q2 2026. This represents an increase of 66.1% from the same quarter a year earlier. Against the prior quarter it is up 87.9%.

EPS (Diluted)

-$0.02

YoY+66.7%

loanDepot, Inc. earned -$0.02 per diluted share (EPS) in Q2 2026. This represents an increase of 66.7% from the same quarter a year earlier.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$510.3M

YoY+692.7%

QoQ+388.0%

loanDepot, Inc. generated $510.3M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 692.7% from the same quarter a year earlier. Against the prior quarter it is up 388.0%.

Cash & Debt

$229.1M

YoY-43.9%

QoQ-17.4%

5Y CAGR-11.4%

loanDepot, Inc. held $229.1M in cash against $2.1B in long-term debt as of Q2 2026.

Shares Outstanding

Diluted avg 232M

loanDepot, Inc. had a weighted average of 232M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Net Margin

-1.3%

YoY+3.4pp

QoQ+11.8pp

5Y change-2.4pp

loanDepot, Inc.'s net profit margin was -1.3% in Q2 2026, showing the share of revenue converted to profit. This is up 3.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.8 percentage points.

Return on Equity

-1.4%

YoY+1.7pp

QoQ+9.8pp

5Y change-1.9pp

loanDepot, Inc.'s ROE was -1.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.8 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$9.4M

YoY+51.3%

QoQ+20.2%

5Y CAGR-10.3%

loanDepot, Inc. invested $9.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 51.3% from the same quarter a year earlier. Against the prior quarter it is up 20.2%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

LDI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LDI quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K
Revenue	$1.3B	$1.2B+12.2%	$1.1B+8.9%	$974.0M-22.4%	$1.3B-66.3%	$3.7B-13.6%	$4.3B+222.5%	$1.3B
SG&A Expenses	$187.6M	$177.1M-13.3%	$204.2M-4.0%	$212.7M-19.9%	$265.7M+23.6%	$215.0M+25.2%	$171.7M+70.9%	$100.5M
Interest Expense	$172.9M	$175.2M-7.1%	$188.6M+44.9%	$130.1M-13.8%	$150.9M-30.9%	$218.5M+66.2%	$131.4M+0.8%	$130.3M
Income Tax	-$699K	-$13.0M+68.1%	-$40.7M+4.9%	-$42.8M+46.2%	-$79.6M-283.5%	$43.4M+1829.3%	$2.2M+228.5%	-$1.7M
Net Income	-$114.3M	-$107.5M+46.8%	-$202.2M+14.2%	-$235.5M+13.7%	-$273.0M-340.5%	$113.5M	$0	$0
EPS (Basic)	N/A	N/A	N/A	N/A	-$1.75-301.1%	$0.87	N/A	N/A
EPS (Diluted)	—	N/A	N/A	N/A	-$1.75-301.1%	$0.87	N/A	N/A
Diluted Shares (Avg)	N/A	N/A	186M+6.1%	175M+12.1%	156M+20.0%	130M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$337.3M+19.4%	$286.4M+4.7%	$310.3M+20.5%	$323.3M+2.8%	$282.5M+6.5%	$273.6M+22.8%	$257.5M+12.6%	$314.6M+18.4%
SG&A Expenses	$47.5M+19.6%	$46.9M+6.2%	$47.9M-4.9%	$45.4M+97.3%	$39.7M-45.7%	$44.1M-23.6%	$50.3M-8.9%	$23.0M-50.6%
Interest Expense	$41.9M-4.9%	$43.1M-0.5%	$43.7M-42.6%	$44.3M-1.9%	$44.0M+23.3%	$43.3M+36.6%	$76.1M+112.4%	$45.1M+30.3%
Income Tax	$5K+100.1%	-$171K+96.8%	$1.0M+106.1%	-$1.6M-268.5%	-$7.1M+37.5%	-$5.4M+60.4%	-$16.7M-17.5%	$923K+117.7%
Net Income	-$4.5M+66.1%	-$37.5M-71.2%	-$67.4M+50.8%	-$4.9M-456.6%	-$13.4M+58.4%	-$21.9M+36.1%	-$137.1M+10.2%	$1.4M+108.2%
EPS (Basic)	-$0.02+66.7%	N/A	N/A	N/A	-$0.06+66.7%	N/A	N/A	$0.01+111.1%
EPS (Diluted)	-$0.02+66.7%	N/A	N/A	N/A	-$0.06+66.7%	N/A	N/A	$0.01+111.1%
Diluted Shares (Avg)	232M+11.4%	N/A	N/A	N/A	208M+14.1%	N/A	N/A	333M+89.0%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

LDI Balance Sheet

LDI quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K
Total Assets	$6.9B+8.1%	$6.3B+3.1%	$6.2B-6.9%	$6.6B-44.0%	$11.8B+8.4%	$10.9B	N/A
Cash & Equivalents	$337.2M-20.0%	$421.6M-36.2%	$660.7M-23.5%	$864.0M+105.9%	$419.6M+47.6%	$284.2M+141.9%	$117.5M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	N/A	N/A	N/A	$145.3M+158.6%	$56.2M-59.3%	$138.1M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	$0-100.0%	$40.7M0.0%	$40.7M	N/A
Total Liabilities	$6.5B+10.9%	$5.8B+7.2%	$5.4B-4.3%	$5.7B-44.1%	$10.2B+10.2%	$9.2B	N/A
Long-Term Debt	$2.1B+3.6%	$2.0B-10.9%	$2.3B-0.7%	$2.3B+40.6%	$1.6B+128.5%	$712.5M	N/A
Total Equity	$386.0M-23.8%	$506.6M-28.1%	$704.5M-23.5%	$921.5M-43.4%	$1.6B-1.6%	$1.7B+340.7%	$375.9M
Retained Earnings	-$614.4M-11.6%	-$550.6M-21.9%	-$451.7M-32.0%	-$342.1M-1080.8%	-$29.0M	$0	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$6.7B+7.9%	$7.2B+12.9%	$6.9B+8.1%	$6.2B-2.7%	$6.2B+4.5%	$6.4B+3.6%	$6.3B+3.1%	$6.4B+5.6%
Cash & Equivalents	$229.1M-43.9%	$277.4M-25.3%	$337.2M-20.0%	$459.2M-4.9%	$408.6M-23.4%	$371.5M-38.5%	$421.6M-36.2%	$483.0M-32.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$6.4B+10.3%	$6.9B+16.2%	$6.5B+10.9%	$5.8B-0.2%	$5.8B+7.6%	$5.9B+7.0%	$5.8B+7.2%	$5.8B+9.7%
Long-Term Debt	$2.1B+3.3%	$2.1B+4.8%	$2.1B+3.6%	$2.1B+6.8%	$2.1B+4.4%	$2.0B-12.8%	$2.0B-10.9%	$2.0B-11.3%
Total Equity	$333.0M-24.1%	$337.3M-28.1%	$386.0M-23.8%	$433.3M-26.8%	$439.1M-24.2%	$469.3M-26.4%	$506.6M-28.1%	$592.0M-23.0%
Retained Earnings	-$656.2M-11.7%	-$651.7M-13.6%	-$614.4M-11.6%	-$592.4M-14.5%	-$587.5M-13.4%	-$573.6M-18.0%	-$550.6M-21.9%	-$517.4M-21.9%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.

LDI Cash Flow Statement

LDI quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K
Operating Cash Flow	-$251.0M	-$707.5M+17.6%	-$858.3M-392.7%	-$174.2M-103.9%	$4.5B+404.3%	-$1.5B+27.8%	-$2.0B-35.6%	-$1.5B
Depreciation & Amortization	N/A	$26.2M-27.4%	$36.1M-12.6%	$41.3M-1.7%	$42.0M+20.0%	$35.0M-0.6%	$35.2M-4.3%	$36.8M
Stock-Based Compensation	N/A	$12.2M-50.9%	$24.9M+13.3%	$22.0M+6.9%	$20.6M-69.3%	$67.1M+688.9%	$8.5M+4350.8%	$191K
Capital Expenditures	$31.4M	$27.1M+2.7%	$26.4M+28.0%	$20.6M-52.3%	$43.2M-20.2%	$54.1M+59.6%	$33.9M+170.1%	$12.6M
Free Cash Flow	-$282.4M	-$734.6M+17.0%	-$884.7M-354.1%	-$194.8M-104.4%	$4.4B+390.7%	-$1.5B+26.4%	-$2.1B-36.7%	-$1.5B
Investing Cash Flow	$1.0M	$14.5M-97.0%	$487.9M+194.5%	$165.7M-75.2%	$667.8M+125.0%	$296.8M+1172.6%	-$27.7M-119.6%	$141.1M
Financing Cash Flow	$71.7M	$566.8M+273.5%	$151.7M+167.1%	-$226.1M+95.3%	-$4.8B-466.6%	$1.3B-46.5%	$2.4B+78.7%	$1.4B
Dividends Paid	N/A	$2.5M-24.4%	$3.3M+9.5%	$3.0M-97.5%	$119.3M-74.3%	$463.3M-28.0%	$643.1M+8347.9%	$7.6M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$519.7M+636.1%	-$169.3M+4.2%	-$638.7M-1439.6%	$37.3M+110.7%	$70.6M+125.4%	-$176.8M+36.5%	$47.7M+123.2%	-$349.2M-313.8%
Depreciation & Amortization	$5.9M-8.0%	$6.3M-17.4%	$5.4M-38.1%	$6.7M-24.7%	$6.4M-28.8%	$7.7M-18.8%	$8.8M-11.9%	$8.9M-15.7%
Stock-Based Compensation	N/A	$6.4M+11.8%	N/A	N/A	N/A	$5.7M+17.7%	N/A	N/A
Capital Expenditures	$9.4M+51.3%	$7.8M+15.5%	$9.3M+35.0%	$4.7M-35.0%	$6.2M-16.1%	$6.8M+42.7%	$6.9M+61.0%	$7.3M+52.6%
Free Cash Flow	$510.3M+692.7%	-$177.2M+3.5%	-$648.0M-1689.9%	$32.6M+109.1%	$64.4M+122.5%	-$183.5M+35.2%	$40.8M+119.4%	-$356.4M-324.9%
Investing Cash Flow	-$3.3M-157.6%	-$4.8M-1289.5%	-$8.4M-129.9%	$17.5M+161.9%	$5.7M-98.7%	-$344K-100.7%	$28.1M+321.0%	-$28.3M-139.9%
Financing Cash Flow	-$573.7M-1204.7%	$130.3M+36.3%	$522.2M+510.7%	-$7.0M-102.2%	-$44.0M+78.5%	$95.6M-39.7%	-$127.2M-212.9%	$324.9M+277.9%
Dividends Paid	N/A	N/A	-$687K-257.6%	-$5K-100.3%	$1.1M+138.0%	$2.1M+125.8%	$436K-38.2%	$1.5M+141.8%

Not reported in any period shown, so not listed: Share Buybacks.

LDI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LDI quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K
Net Margin	-9.0%+10.0pp	-19.1%+5.1pp	-24.2%-2.4pp	-21.7%-24.8pp	3.0%+3.0pp	0.0%0.0pp	0.0%
Return on Equity	-27.9%+12.0pp	-39.9%-6.5pp	-33.4%-3.8pp	-29.6%-36.6pp	7.0%+7.0pp	0.0%0.0pp	0.0%
Return on Assets	-1.6%+1.6pp	-3.2%+0.6pp	-3.8%+0.3pp	-4.1%-5.1pp	1.0%+1.0pp	0.0%	N/A
Debt-to-Equity	5.44+1.4x	4.00+0.8x	3.23+0.7x	2.48+1.5x	1.00+0.6x	0.43	N/A
Asset Turnover	0.170.0x	0.170.0x	0.160.0x	0.19-0.1x	0.32-0.1x	0.40	N/A
FCF Margin	-61.8%+21.7pp	-83.4%-63.4pp	-20.0%	351.8%	-40.8%+7.1pp	-47.9%	-112.9%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	-1.3%+3.4pp	-13.1%-5.1pp	-21.7%+31.5pp	-1.5%-1.9pp	-4.7%+7.4pp	-8.0%+7.4pp	-53.2%+13.5pp	0.4%+6.7pp
Return on Equity	-1.4%+1.7pp	-11.1%-6.4pp	-17.5%+9.6pp	-1.1%-1.4pp	-3.0%+2.5pp	-4.7%+0.7pp	-27.1%-5.4pp	0.2%+2.4pp
Return on Assets	-0.1%+0.1pp	-0.5%-0.2pp	-1.0%+1.2pp	-0.1%-0.1pp	-0.2%+0.3pp	-0.3%+0.2pp	-2.2%+0.3pp	0.0%+0.3pp
Debt-to-Equity	6.40+1.7x	6.27+2.0x	5.44+1.4x	4.83+1.5x	4.70+1.3x	4.30+0.7x	4.00+0.8x	3.31+0.4x
Asset Turnover	0.050.0x	0.040.0x	0.050.0x	0.050.0x	0.050.0x	0.040.0x	0.040.0x	0.050.0x
FCF Margin	151.3%	-61.9%+5.2pp	-208.9%	10.1%	22.8%	-67.1%	15.8%+107.6pp	-113.3%

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
loanDepot, Inc. LDI	FY2025	$1.2B	-$107.5M	-9.0%	$274.4M	—
Guild Holdings Company GHLD	FY2024	$1.0B	$97.1M	9.3%	$1.2B	8/100
Velocity Financial, Inc. VEL	FY2025	$187.9M	$105.0M	55.9%	$577.6M	31/100
Onity Group Inc. ONIT	FY2025	$1.1B	$189.5M	17.8%	$229.7M	6/100
Better Home & Finance Holding Company BETR	FY2025	$164.9M	-$165.9M	N/A	$211.5M	51/100

Where loanDepot, Inc. Ranks

Frequently Asked Questions

What is loanDepot, Inc.'s annual revenue?

loanDepot, Inc. (LDI) reported $1.2B in total revenue for fiscal year 2025. This represents a 12.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is loanDepot, Inc.'s revenue growing?

loanDepot, Inc. (LDI) revenue grew by 12.2% year-over-year, from $1.1B to $1.2B in fiscal year 2025.

Is loanDepot, Inc. profitable?

No, loanDepot, Inc. (LDI) reported a net income of -$107.5M in fiscal year 2025, with a net profit margin of -9.0%.

How much debt does loanDepot, Inc. have?

As of fiscal year 2025, loanDepot, Inc. (LDI) had $337.2M in cash and equivalents against $2.1B in long-term debt.

What is loanDepot, Inc.'s net profit margin?

loanDepot, Inc. (LDI) had a net profit margin of -9.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is loanDepot, Inc.'s return on equity (ROE)?

loanDepot, Inc. (LDI) has a return on equity of -27.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is loanDepot, Inc.'s free cash flow?

loanDepot, Inc. (LDI) recorded an outflow of $734.6M in free cash flow during fiscal year 2025. This represents a 17.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is loanDepot, Inc.'s operating cash flow?

loanDepot, Inc. (LDI) recorded an outflow of $707.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are loanDepot, Inc.'s total assets?

loanDepot, Inc. (LDI) had $6.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are loanDepot, Inc.'s capital expenditures?

loanDepot, Inc. (LDI) invested $27.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is loanDepot, Inc.'s debt-to-equity ratio?

loanDepot, Inc. (LDI) had a debt-to-equity ratio of 5.44 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is loanDepot, Inc.'s return on assets (ROA)?

loanDepot, Inc. (LDI) had a return on assets of -1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is loanDepot, Inc.'s P/E ratio?

loanDepot, Inc. (LDI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $274.4M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is loanDepot, Inc.'s price-to-sales ratio?

loanDepot, Inc. (LDI) trades at 0.2x sales, its market capitalization divided by revenue of $1.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $274.4M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is loanDepot, Inc.'s Piotroski F-Score?

loanDepot, Inc. (LDI) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are loanDepot, Inc.'s earnings high quality?

loanDepot, Inc. (LDI) reported a net loss of $107.5M while operations used $707.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.