Lendingtree Inc (TREE)
NASDAQ:TREE
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Lendingtree
(NASDAQ:TREE)
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Rating:57Neutral
Price Target:
$43.00
▲(0.66% Upside)
Action:ReiteratedDate:03/03/26
The score is anchored by improving fundamentals and a positive operating narrative (profitability turnaround, positive/free-cash-flow growth, and strong insurance/AI-driven momentum), but is held back by balance-sheet leverage risk and a clearly bearish technical setup (price below all key moving averages with negative MACD). Valuation is also a restraint given the high P/E and no dividend support.
Positive Factors
Asset-light marketplace model
LendingTree's asset-light marketplace model reduces capital intensity and credit exposure while scaling revenue via traffic and partner monetization. This structure supports durable margin advantages and cash generation as long as consumer demand and partner budgets remain stable, enabling reinvestment in product and marketing.
Negative Factors
Elevated historical leverage
Although leverage improved in 2025, the company's multi-year history of elevated debt and thin equity leaves limited buffer against deterioration. If revenue or margins weaken, servicing and refinancing risk could compress flexibility, making debt reduction and cash retention critical to durable financial stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light marketplace model
LendingTree's asset-light marketplace model reduces capital intensity and credit exposure while scaling revenue via traffic and partner monetization. This structure supports durable margin advantages and cash generation as long as consumer demand and partner budgets remain stable, enabling reinvestment in product and marketing.
Read all positive factors
Lendingtree (TREE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$591.92M
Dividend YieldN/A
Average Volume (3M)372.39K
Price to Earnings (P/E)1.2
Beta (1Y)1.37
Revenue Growth37.01%
EPS GrowthN/A
CountryUS
Employees927
SectorFinancial
Sector Strength70
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)-0.39
Shares Outstanding13,855,792
10 Day Avg. Volume166,085
30 Day Avg. Volume372,394
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)2.51
Price to Sales (P/S)0.65
P/FCF Ratio11.88
Enterprise Value/Market Cap1.60
Enterprise Value/Revenue0.85
Enterprise Value/Gross Profit0.90
Enterprise Value/Ebitda9.12
Forecast
1Y Price Target
$69.00Price Target Upside61.52% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)2.96
Revenue Forecast (FY)$1.16B
Lendingtree Business Overview & Revenue Model
Company Description
LendingTree, Inc., through its subsidiary, LT Intermediate Company, LLC, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinanc...
How the Company Makes Money
LendingTree primarily makes money by matching consumer demand (online inquiries/applications) with banks, credit unions, insurers, and other financial-service providers and monetizing those referrals. Its key revenue streams generally include: (1)...
Lendingtree Key Performance Indicators (KPIs)
Any
Revenue by Segment
Shows how much revenue each business segment generates, indicating the company’s diversified income sources and potential growth areas.
Shows how much revenue each business segment generates, indicating the company’s diversified income sources and potential growth areas.
Data provided by:
The Fly
The FlyLendingtree Earnings Call Summary
Earnings Call Date:Mar 02, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
The call highlights multiple strong operating and financial results — notably double-digit VMD growth across segments, 28% adjusted EBITDA growth, material AI-driven revenue uplift (~$10M+/quarter), and pronounced insurance and SMB momentum — while acknowledging specific headwinds in the Home channel (margin pressure), legacy SEO shifts, measured guidance, and uncertainty around M&A and AI-driven disintermediation. Management appears confident in execution (focused strategy, martech investments, brand rebuild, and debt reduction) and is taking a conservative approach in guidance despite early-2026 strength in insurance.Positive Updates
Strong Overall Financial Performance
Value of merchant-driven (VMD) revenue grew 14% in FY2025 while adjusted EBITDA increased 28% year-over-year, with each of the three reportable segments achieving double-digit VMD growth.
Negative Updates
Home Segment Margin Pressure
Home segment revenue grew only 6% YoY in Q4 and margins were pressured by increasing media costs and lower conversion rates; management's guidance does not assume further mortgage rate improvement, making upside to the home outlook conservative.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Overall Financial Performance
Value of merchant-driven (VMD) revenue grew 14% in FY2025 while adjusted EBITDA increased 28% year-over-year, with each of the three reportable segments achieving double-digit VMD growth.
Read all positive updates
Company Guidance
The guidance assumes no mortgage‑rate tailwind and includes an initial targeted brand test of under $10 million in H2; management said insurance should deliver another record year and Q1 is expected to be a record revenue quarter, though the guide is conservative despite insurance running hotter in Jan–Feb (insurance VMD was $174M in 2025, +10% YoY, and carriers #4–#10 grew revenue 65% in 2025). Company‑level 2025 results that underpin the outlook were VMD +14% and Adjusted EBITDA +28%; consumer segment profit was +17% for the year with segment margin stable at 51% and SMB revenue up ~60% in 2025 (78% in Q4); home revenue grew 6% in Q4 with margins expected roughly at Q4 levels (the guide does not assume further rate improvement). Management also cited a 17% YoY lift in conversions in Q4 and >$10M incremental revenue per quarter from AI voice over the last six quarters, and reiterated a priority to reduce leverage while preserving cash flexibility.Lendingtree Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
46
Neutral
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.12B | 900.22M | 672.50M | 984.99M | 1.10B |
| Gross Profit | 1.05B | 864.15M | 633.74M | 927.22M | 1.04B |
| EBITDA | 103.76M | 73.12M | 35.26M | 17.05M | 60.88M |
| Net Income | 151.31M | -41.70M | -122.40M | -187.95M | 69.11M |
Balance Sheet | |||||
| Total Assets | 855.69M | 767.67M | 802.76M | 1.20B | 1.30B |
| Cash, Cash Equivalents and Short-Term Investments | 81.07M | 106.59M | 112.05M | 298.85M | 251.23M |
| Total Debt | 435.22M | 544.09M | 611.15M | 912.76M | 748.92M |
| Total Liabilities | 568.89M | 658.85M | 678.63M | 991.37M | 851.36M |
| Stockholders Equity | 286.80M | 108.82M | 124.13M | 207.94M | 447.99M |
Cash Flow | |||||
| Free Cash Flow | 60.68M | 51.04M | 55.04M | 31.52M | 89.81M |
| Operating Cash Flow | 73.10M | 62.26M | 67.57M | 42.97M | 124.87M |
| Investing Cash Flow | -9.93M | -11.22M | -12.48M | -27.88M | 13.38M |
| Financing Cash Flow | -88.70M | -56.50M | -242.01M | 32.67M | -56.96M |
Lendingtree Technical Analysis
Neutral
42.72
Price Trends
43.00
Negative
49.34
Negative
53.12
Negative
Market Momentum
-0.32
Negative
51.48
Neutral
46.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TREE, the sentiment is Neutral. The current price of 42.72 is above the 20-day moving average (MA) of 41.57, below the 50-day MA of 43.00, and below the 200-day MA of 53.12, indicating a neutral trend. The MACD of -0.32 indicates Negative momentum. The RSI at 51.48 is Neutral, neither overbought nor oversold. The STOCH value of 46.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TREE.
Lendingtree Risk Analysis
Lendingtree disclosed 52 risk factors in its most recent earnings report. Lendingtree reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lendingtree Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $148.62M | 28.48 | 0.54% | 10.37% | 10.48% | -30.67% | |
71 Outperform | $625.68M | 0.87 | 11.28% | 2.12% | 18.70% | 62.14% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $690.05M | 13.17 | 15.26% | ― | 34.48% | ― | |
64 Neutral | $216.72M | 10.05 | 6.66% | ― | -5.29% | ― | |
57 Neutral | $591.92M | 1.25 | 94.41% | ― | 37.01% | ― | |
46 Neutral | $606.71M | -6.97 | -24.39% | ― | 3.91% | 27.78% |
* Financial Sector Average
TREE
Lendingtree
42.72
-1.93
-4.32%
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Lendingtree Corporate Events
Executive/Board Changes
LendingTree Approves Bonus Payout to Late Founder’s Estate
Neutral
Feb 13, 2026
LendingTree, Inc.’s Compensation Committee has approved a bonus payment of $932,301 to be paid to the estate of Doug Lebda, the company’s founder and former chairman and chief executive officer. The committee determined that Mr. Lebda&...
Business Operations and StrategyExecutive/Board Changes
LendingTree appoints new COO and insurance leader
Positive
Jan 9, 2026
On January 6, 2026, LendingTree’s board appointed Ian Smith, previously Senior Vice President of Insurance at its QuoteWizard subsidiary, as Chief Operating Officer, formalizing his role in overseeing company-wide operations and bringing his...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.