Home Point Capital Inc. (HMPT) Financial Statements (2025 and earlier)
Company Profile
Business Address |
2211 OLD EARHART ROAD ANN ARBOR, MI 48105 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 6162 - Mortgage Bankers and Loan Correspondents (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
3/31/2023 MRQ | 12/31/2022 | 12/31/2021 | |||
---|---|---|---|---|---|
ASSETS | |||||
Current Assets | |||||
Cash, cash equivalents, and short-term investments | 97,248 | 170,987 | |||
Cash and cash equivalents | 97,248 | 170,987 | |||
Receivables | 1,902 | 11,181 | |||
Funds held for clients | 5,100 | 19,900 | |||
Total current assets: | 104,250 | 202,068 | |||
Noncurrent Assets | |||||
Operating lease, right-of-use asset | 8,269 | 12,039 | |||
Property, plant and equipment | 11,660 | 21,892 | |||
Intangible assets, net (including goodwill), including: | 10,789 | ||||
Goodwill | 10,800 | ||||
Other undisclosed intangible assets, net (including goodwill) | (11) | ||||
Total noncurrent assets: | 19,929 | 44,720 | |||
Other undisclosed assets | 2,314,013 | 7,011,553 | |||
TOTAL ASSETS: | 2,438,192 | 7,258,341 | |||
LIABILITIES AND EQUITY | |||||
Liabilities | |||||
Current Liabilities | |||||
Debt | 496,481 | 4,718,658 | |||
Total current liabilities: | 496,481 | 4,718,658 | |||
Noncurrent Liabilities | |||||
Liabilities, other than long-term debt | 183,860 | 229,752 | |||
Deferred income tax liabilities | 183,860 | 229,752 | |||
Total noncurrent liabilities: | 183,860 | 229,752 | |||
Other undisclosed liabilities | 1,154,315 | 1,533,278 | |||
Total liabilities: | 1,834,656 | 6,481,688 | |||
Equity | |||||
Equity, attributable to parent | 603,536 | 776,653 | |||
Additional paid in capital | 513,710 | 523,811 | |||
Retained earnings (accumulated deficit) | 89,826 | 252,842 | |||
Total equity: | 603,536 | 776,653 | |||
TOTAL LIABILITIES AND EQUITY: | 2,438,192 | 7,258,341 |
Income Statement (P&L) ($ in thousands)
3/31/2023 TTM | 12/31/2022 | 12/31/2021 | ||
---|---|---|---|---|
Revenues | 419,588 | 1,093,841 | ||
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset | 265,275 | 331,382 | ||
Gain on disposition of assets for financial service operations | 47,105 | 585,762 | ||
Net investment income | 91,417 | 136,477 | ||
Cost of revenue | (352,931) | (647,016) | ||
Gross profit: | 66,657 | 446,825 | ||
Operating expenses | (81,806) | (105,603) | ||
Operating income (loss): | (15,149) | 341,222 | ||
Nonoperating expense (Mortgage Servicing Rights (MSR) Impairment (Recovery)) | (97,689) | (113,856) | ||
Interest and debt expense | (112,281) | (169,390) | ||
Other undisclosed income from continuing operations before equity method investments, income taxes | 46,029 | 150,921 | ||
Income (loss) from continuing operations before equity method investments, income taxes: | (179,090) | 208,897 | ||
Income (loss) from equity method investments | (26,278) | 15,373 | ||
Other undisclosed income from continuing operations before income taxes | 26,278 | |||
Income (loss) from continuing operations before income taxes: | (179,090) | 224,270 | ||
Income tax expense (benefit) | 41,914 | (57,998) | ||
Income (loss) from continuing operations: | (137,176) | 166,272 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | 166,272 | ||
Net income (loss): | (137,176) | 166,272 | ||
Other undisclosed net loss attributable to parent | (26,278) | |||
Net income (loss) available to common stockholders, diluted: | (163,454) | 166,272 |
Comprehensive Income ($ in thousands)
3/31/2023 TTM | 12/31/2022 | 12/31/2021 | ||
---|---|---|---|---|
Net income (loss): | (137,176) | 166,272 | ||
Comprehensive income (loss), net of tax, attributable to parent: | (137,176) | 166,272 |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.