In the latest data released by OnDeck, the number of term loans outstanding as of August 31, 2025, stood at 22,709, with an aggregate unpaid principal balance of $1,396,491,673. This represents an increase from the previous year's figure of 21,409 loans and an unpaid principal balance of $1,231,929,539.
Looking at delinquency rates, the percentage of term loans past due varied across different categories. For instance, the 1-14 missed payment factor showed a decrease from 3.27% on December 31, 2024, to 2.78% on August 31, 2025. However, the 60+ non-write off not paying category increased from 0.96% to 0.78% during the same period.
In terms of net charge-offs, the cumulative net charge-off as a percentage of the aggregate original principal balance for 2025 Q2 stood at 2.91%, up from 2.24% in 2025 Q1. For loans with an OnDeck Score of less than 515, the cumulative net charge-offs showed an increasing trend, reaching 12.14% in the 30th month since origination for 2025 Q2, compared to 11.69% for the same period in 2025 Q1.
As a result of these announcements, the company's shares have moved 1.76% on the market, and are now trading at a price of $121.38. If you want to know more, read the company's complete 8-K report here.
