Home Point Capital Inc. (HMPT) Financial Statements (2024 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 investments97,248170,987
Cash and cash equivalents97,248170,987
Receivables 1,90211,181
Funds held for clients5,10019,900
Total current assets:104,250202,068
Noncurrent Assets
Operating lease, right-of-use asset 8,26912,039
Property, plant and equipment11,66021,892
Intangible assets, net (including goodwill), including:  10,789
Goodwill  10,800
Other undisclosed intangible assets, net (including goodwill)  (11)
Total noncurrent assets:19,92944,720
Other undisclosed assets2,314,0137,011,553
TOTAL ASSETS:2,438,1927,258,341
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt496,4814,718,658
Total current liabilities:496,4814,718,658
Noncurrent Liabilities
Liabilities, other than long-term debt183,860229,752
Deferred income tax liabilities183,860229,752
Total noncurrent liabilities:183,860229,752
Other undisclosed liabilities1,154,3151,533,278
Total liabilities:1,834,6566,481,688
Equity
Equity, attributable to parent603,536776,653
Additional paid in capital513,710523,811
Retained earnings (accumulated deficit)89,826252,842
Total equity:603,536776,653
TOTAL LIABILITIES AND EQUITY:2,438,1927,258,341

Income Statement (P&L) ($ in thousands)

3/31/2023
TTM
12/31/2022
12/31/2021
Revenues419,5881,093,841
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset265,275331,382
Gain on disposition of assets for financial service operations47,105585,762
Net investment income91,417136,477
Cost of revenue(352,931)(647,016)
Gross profit:66,657446,825
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 taxes46,029150,921
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 taxes26,278 
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.

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