LPRO - NASDAQ
Open Lending Corporation
$2.18
-12%Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, and non-bank auto finance companies and captive finance companies of original equipment manufacturers in the United States. It offers Lenders Protection Program (LPP), which is a Software as a Service platform that facilitates loan decision making and automated underwriting by third-party lenders and the issuance of credit default insurance through third-party insurance providers. The company's 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.
At a Glance
Live SnapshotOpen Lending Corporation Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Acceptable margins but limited operational leverage. Operating expense control is important.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
Open Lending Corporation Income Statement
LPRO • NASDAQ
| Open Lending Corporation Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|
REVENUE | |||||||||
93.2M | 24M | 117.5M | 179.6M | 215.7M | 108.9M | 92.8M | 52.2M | 32.4M | |
GROSS PROFIT | |||||||||
(22.8M) | (23.9M) | (22.3M) | (20M) | (18.6M) | (9.8M) | (7.8M) | (4.6M) | (3M) | |
70.4M | 169K | 95.2M | 159.6M | 197M | 99.1M | 85M | 47.6M | 29.4M | |
OPERATING INCOME | |||||||||
(64.4M) | (65.5M) | (66.1M) | (62M) | (46.7M) | (42.4M) | (22.4M) | (19.1M) | (30.7K) | |
(77.4M) | (61.1M) | (60.5M) | (53.8M) | (42.4M) | (40.4M) | (21.3M) | (18.3M) | (30.7K) | |
(8.8M) | (4.5M) | (5.6M) | (8.2M) | (4.4M) | (2M) | (1.2M) | (802K) | (691K) | |
6M | -65.4M | 29.1M | 97.6M | 150.3M | 56.7M | 62.6M | 28.5M | -30.7K | |
PRE-TAX INCOME | |||||||||
(9.7M) | (11.3M) | (10.7M) | (5.8M) | (5.9M) | (11.6M) | (322K) | (341K) | (0.0) | |
-345K | 773K | -326K | -3.8M | -5.6M | -11.4M | -298K | -328K | 0.0 | |
-21.8M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (197K) | (170K) | (0.0) | |
-11.4M | 773K | -217K | -4.1M | 40.9M | -147.7M | -101K | -158K | 0.0 | |
-5.4M | -64.6M | 28.9M | 93.5M | 191.2M | -91M | 62.5M | 28.3M | -30.7K | |
NET INCOME | |||||||||
-1.1M | (70.4M) | (6.8M) | (26.9M) | (45.1M) | (6.6M) | -30K | (37K) | (0.0) | |
-4.2M | -135M | 22.1M | 66.6M | 146.1M | -97.6M | 62.5M | 28.3M | -30.7K |
SEC Filings
LPRO - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 08, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 20, 2026 | June 03, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 12, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 12, 2026 | March 12, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 06, 2026 | March 06, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 05, 2025 | December 02, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 25, 2025 | November 19, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 06, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 06, 2025 | November 06, 2025 | 2025 |
Related Guides
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Research Paths
Snapshot
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Value Model
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Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
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