Open Lending Corporation

NASDAQ•LPRO

CEO: Mr. Charles D. Jehl CPA

Sector: Financial Services

Industry: Financial - Credit Services

Listing Date: 2018-03-26

Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers in the United States. The company offers Lenders Protection Program (LPP), which is a cloud-based automotive lending platform that provides loan analytics solutions and automated issuance of credit default insurance with third-party insurance providers. Its LPP products include loan analytics, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders. Open Lending Corporation was founded in 2000 and is based in Austin, Texas.

Contact Information

1501 South Mopac Expressway, Suite 450, Austin, TX, 78746, United States

512-892-0400

www.openlending.com

Market Cap

$257.71M

P/E (TTM)

-48.3

19.7

Dividend Yield

52W High

$2.70

52W Low

$1.18

52W Range

66%

Rank49Top 66.7%

3.2

F-Score

Modified Piotroski Analysis

Based on 8-year fundamentals

Weak • 3.2 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2018-2025

Financial Dashboard

Q1 2026 Data

Revenue

$20.49M+0.00%

4-Quarter Trend

EPS

-$0.00+0.00%

4-Quarter Trend

FCF

-$546.00K+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Jumps 288% Total revenue reached $93.2M in 2025, up 288%, driven by $72.5M profit share increase.

Net Loss Significantly Reduced Net loss narrowed to $(4.2)M in 2025 from $(135.0)M in 2024, reflecting operational improvements.

Profit Share Revenue Rebounds Profit share revenue increased 168% to $29.4M, reversing prior year's $96.1M estimate adjustment loss.

Debt Reduced, Cash Position Made $48.0M voluntary debt prepayment; cash equivalents stood at $176.6M as of year-end 2025.

Risk Factors

Revenue Concentration Risk Top ten automotive lenders drive significant program fee revenue; loss of key partners impacts results.

Reliance on Proprietary Models Extensive reliance on complex underwriting models; errors or inaccuracies could harm reputation and profitability.

Interest Rate Sensitivity Rising market interest rates negatively impact consumer willingness to borrow, reducing loan volume and LPP revenue generation.

Insurance Partner Dependency Business relies on three active insurance partners; losing commitments could materially affect operations.

Outlook

ApexOne Auto Platform Launch Launched ApexOne Auto in late 2025 to support prime borrowers, expanding beyond near-prime focus.

Managing Operational Growth Future growth requires significant commitment to scaling platform, compliance, and attracting qualified employees.

Potential Future Dilution Future financing for growth or acquisitions may require issuing additional equity, causing stockholder dilution.

Regulatory Environment Uncertainty Subject to evolving federal and state consumer protection laws, increasing compliance costs and risks.

Peer Comparison

Revenue (TTM)

FOA

$2.09B

+1.5%

YRD

$797.63M

-1.3%

JRVR

$666.71M

-1.8%

Gross Margin (Latest Quarter)

CPSS

99.6%

-5.1pp

MFIN

93.2%

+5.4pp

LPRO

76.3%

+4.1pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
FUNC	$269.92M	10.7	12.7%	2.5%
LPRO	$257.71M	-48.3	-7.0%	36.8%
VABK	$244.01M	12.2	11.1%	1.8%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-6.8%

Growth Under Pressure

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

50%

Cash Flow Needs Attention

Deep Research

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data