GHLD · As filed with the SEC

Guild Holdings cash flow statement, by quarter

The statement as Guild Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands

USD thousands	Q3 2025^† 3 months ended Sep 30, 2025	Q2 2025^† 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024
Cash flows from operating activities
Net income (loss)	33,343^†	18,663^†	(23,959)	97,892^†
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	3,528^†	3,611^†	3,647	3,661^†
Valuation adjustment of mortgage servicing rights	29,009^†	41,313^†	69,936	(84,319)^†
Valuation adjustment of mortgage loans held for sale	8,081^†	(15,716)^†	(8,947)	15,917^†
Valuation adjustment of reverse mortgage loans held for investment and HMBS-related borrowings	(4,018)^†	(2,591)^†	(2,915)	(3,312)^†
Unrealized loss (gain) on derivatives	(3,937)^†	(591)^†	5,972	(5,412)^†
Amortization of right-of-use assets	5,079^†	5,193^†	5,451	5,608^†
Provision for investor reserves	7,279^†	10,872^†	5,095	4,188^†
Provision for foreclosure losses	1,148^†	1,115^†	2,378	1,108^†
Valuation adjustment of contingent liabilities due to acquisitions, net	2,109^†	1,262^†	2,001	(1,131)^†
Gain on sale of mortgage loans excluding fair value of other financial instruments, net	(191,302)^†	(184,103)^†	(143,204)	(158,895)^†
Deferred income taxes	12,222^†	(1,197)^†	(8,752)	30,078^†
Stock-based compensation	1,864^†	1,830^†	1,602	2,023^†
Origination of mortgage servicing rights	(60,527)^†	(50,687)^†	(38,484)	(62,078)^†
Origination and purchase of mortgage loans held for sale	(6,739,612)^†	(6,862,906)^†	(4,700,821)	(6,162,645)^†
Proceeds on sale of and payments from mortgage loans held for sale	6,993,791^†	6,600,458^†	5,017,499	6,545,297^†
Other	2,015^†	2,516^†	1,072	1,307^†
Changes in operating assets and liabilities:
Advances and other assets	(30,107)^†	4,959^†	13,637	(21,064)^†
Accounts payable and accrued expenses	12,387^†	12,597^†	(3,066)	2,510^†
Operating lease liabilities	(5,421)^†	(5,510)^†	(5,559)	(5,826)^†
Other liabilities	1,921^†	(8,909)^†	(11,802)	(2,812)^†
Net cash used in operating activities	78,852^†	(427,821)^†	180,781	202,095^†
Cash flows from investing activities
Acquisition of businesses, net of cash acquired	0^†	0^†	0	0^†
Origination and purchase of reverse mortgage loans held for investment	(36,735)^†	(35,306)^†	(30,214)	(41,225)^†
Principal payments received on reverse mortgage loans held for investment	10,302^†	9,570^†	9,259	8,858^†
Issuance of notes receivable	—	—	—	0^†
Purchases of property and equipment, net	(1,818)^†	(2,962)^†	(2,278)	(1,997)^†
Other	(5,569)^†	2,995^†	(7,671)	(2,428)^†
Net cash used in investing activities	(33,820)^†	(25,703)^†	(30,904)	(36,792)^†
Cash flows from financing activities
Borrowings on warehouse lines of credit	7,105,643^†	7,213,900^†	4,951,115	6,567,750^†
Repayments on warehouse lines of credit	(7,181,324)^†	(6,769,853)^†	(5,141,925)	(6,802,456)^†
Proceeds from issuance of reverse mortgage loans and tails accounted for as HMBS-related obligations	40,119^†	36,284^†	37,651	39,025^†
Repayments on HMBS-related obligations	(10,287)^†	(9,551)^†	(9,205)	(11,451)^†
Borrowings on notes payable	20,500^†	10,000^†	40,000	60,200^†
Repayments on notes payable	0^†	—	—	(200)^†
Contingent liability payments	(75)^†	(155)^†	(251)	(217)^†
Net change in related party notes payable	—	—	—	0^†
Dividends paid	(15,563)^†	0^†	(30,952)	0^†
Repurchases of Class A common stock	0^†	(812)^†	(456)	(386)^†
Taxes paid related to net share settlement of equity awards	(161)^†	—	—	(3,412)^†
Other	(1,628)^†	(371)^†	(570)	(871)^†
Net cash provided by financing activities	(42,776)^†	447,614^†	(154,593)	(152,018)^†
Decrease in cash, cash equivalents and restricted cash	2,256^†	(5,910)^†	(4,716)	13,285^†
Cash, cash equivalents and restricted cash, beginning of period	114,430	120,340	125,056	111,771
Cash, cash equivalents and restricted cash, end of period	116,686	114,430	120,340	125,056
Supplemental information
Cash paid for interest, net	15,134^†	13,462^†	8,854	14,562^†
Income tax refunds, net of cash paid	93^†	198^†	(783)	123^†
Measurement period adjustment to goodwill	—	—	—	0^†

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.