Lend Academy Article: Prosper Reports Strong Q2 Numbers – Is Cash Flow Positive Again

Prosper’s originations were $775 million in the second quarter of 2017, up from $586 million in the first quarter; adjusted EBITDA was $6.7 million in the second quarter and the company was cash flow positive; Prosper had their first profitable quarter in Q3 of 2014 before growing significantly and subsequently falling back into the red; whole loan sales represented 94% of total volume in Q2; Prosper has originated a total of $9.7 billion in loans; Prosper also announced closing a $500 million securitization; PMIT 2017-2 was rated by Kroll Bond Rating Agency, Inc. and Fitch Ratings with the Class A pool receiving an A rating. Source

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments