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Open Lending Corporation

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
$243.47M
P/E (TTM)
-1.6
29.1
Dividend Yield
--
52W High
$6.73
52W Low
$0.70
52W Range
23%
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

Q3 2025 Data

Revenue

$24.17M+2.95%
4-Quarter Trend

EPS

-$0.06-595.87%
4-Quarter Trend

FCF

-$5.73M-155.28%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Decline Nine Months Total revenue $73.87M (9M 2025), down 9% from $80.95M last year, driven by lower certified loan volume.
Profitability Swings to Loss Operating loss reached $5.76M for nine months, reversing $13.18M operating income reported in the prior year period.
Cash Flow Reverses Sharply Net cash used in operations was $8.64M (9M 2025), a significant reversal from $20.98M provided last year.
One-Time Allied Payment One-time $11.0M payment to Allied in Q3 2025 impacted G&A expenses; associated shareholder lawsuit was dismissed.

Risk Factors

Profit Share Revenue Pressure Profit share revenue dropped 23% (9M) due to lower new loan economics and increased variable consideration constraints.
Elevated Operating Expenses G&A expenses increased 32% (9M), primarily due to the $11.0M one-time payment related to the Allied Amendment.
Litigation and Regulatory Exposure Business faces risks from litigation, regulatory actions, and compliance issues potentially leading to fines or remediation costs.
Insurance Partner Concentration Revenue concentration risk exists due to reliance on three active insurance partners for profit share and claims fees.

Outlook

Cost Saving Initiatives Expected Expect G&A and Selling and Marketing expenses to decrease as management continues focusing on ongoing cost saving initiatives.
Share Repurchase Program Active Board authorized $25.0M repurchase program through May 2026; $4.0M in shares were repurchased during nine months.
Liquidity Remains Sufficient Existing cash resources and the Revolving Credit Facility are expected to provide sufficient liquidity for near-term needs.
Tax Rate Volatility Expected Effective tax rate subject to volatility from earnings changes, valuation allowance impacts, and new tax legislation (OBBBA).

Peer Comparison

Revenue (TTM)

Finance of America Companies Inc.FOA
$1.24B
-35.3%
Yiren Digital Ltd.YRD
$864.82M
+10.8%
Oportun Financial CorporationOPRT
$728.75M
-24.0%

Gross Margin (Latest Quarter)

Finance of America Companies Inc.FOA
91.2%
-3.9pp
Yiren Digital Ltd.YRD
90.4%
+4.3pp
Open Lending CorporationLPRO
78.0%
+4.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
JRVR$302.91M-6.1-8.0%6.7%
FOA$248.06M-64.5-0.0%0.1%
FUNC$243.76M9.813.2%5.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
N/M
Revenue Volatile
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 30, 2026
|
EPS:$0.02
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $24.17M+3.0%
    |
    EPS: $-0.06-595.9%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $25.31M-5.3%
    |
    EPS: $0.01-64.2%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $24.39M-20.7%
    |
    EPS: $0.01-87.0%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 31, 2025|
    Revenue: $24.02M-79.5%
    |
    EPS: $-1.13-727.8%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $23.48M-9.7%
    |
    EPS: $0.01-51.6%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $26.73M-29.9%
    |
    EPS: $0.02-74.2%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $30.75M-19.9%
    |
    EPS: $0.04-60.0%
    Miss

  • Form 10-Q/A - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $30.75M-19.9%
    |
    EPS: $0.04-60.0%
    Miss