Open Lending Corporation

LPRO

$3.14

+0.00%

2026-07-30 09:30:00 EDT+$0.00

Financial Services

Financial - Credit Services

NASDAQ

Inactive

Based in Austin, Texas, and established in 2000, Open Lending Corporation delivers specialized solutions for empowering lending operations and conducting risk analysis. ...

Price Action of LPRO

$3.14

+0.00%+$0.00

High—

Low—

52W High-0.3%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Open Lending Corporation (NASDAQ: LPRO) is a U.S.-based financial technology company headquartered in Austin, Texas, founded in 2000. The company operates as a lending enablement platform for the automotive lending market, serving external lenders such as credit unions, regional banks, independent auto finance companies, and captive finance arms of original ...Open Lending Corporation (NASDAQ: LPRO) is a U.S.-based financial technology company headquartered in Austin, Texas, founded in 2000. The company operates as a lending enablement platform for the automotive lending market, serving external lenders such as credit unions, regional banks, independent auto finance companies, and captive finance arms of original equipment manufacturers (OEMs). Rather than taking balance-sheet risk itself, Open Lending’s model is designed to help lenders make faster, more consistent, and more data-driven credit decisions for auto loans. At the core of Open Lending’s offering is a proprietary Software-as-a-Service platform known as the Lenders Protection Program (LPP). Through LPP, the company provides automated underwriting and decisioning capabilities that incorporate loan-level analytics and risk modeling tailored to the auto lending industry. Key functional areas described include in-depth loan data analysis, dynamic risk-adjusted pricing, forecasting models, and automated decision tools intended to support lenders throughout the loan decision workflow. In addition to decisioning and analytics, Open Lending’s platform supports credit default insurance through affiliated insurance providers. This creates a combined workflow where lenders can use the platform’s underwriting/decision technology while also integrating access to insurance coverage mechanisms related to default risk. From a product perspective, this can reduce operational friction for lenders by centralizing data, decision logic, and downstream risk-related processes. Commercially, Open Lending’s SaaS approach implies ongoing subscription-like revenues tied to platform usage and lender onboarding, rather than one-time software sales. The platform’s value proposition for cost and operations centers on improving decision speed, reducing manual review effort, and enabling more granular risk-based pricing—factors that can affect loss outcomes and profitability for lenders. Financially, publicly available metrics (e.g., market capitalization and various TTM ratios) indicate the company is actively operating in a competitive fintech/credit-services environment. Leadership includes CEO Jessica Elizabeth Buss, who leads the company’s management team. Historically, Open Lending was co-founded and led by John J. Flynn, and leadership transitions have occurred over time. Overall, Open Lending aims to be a specialized, automotive-focused lending technology partner: powering lender decisioning with advanced analytics and automation, and enabling lenders to incorporate default-related insurance support as part of their lending operations.ExpandCollapse

Founded

2000

Employees

164

CEO

Jessica Elizabeth Buss

Full Name

Open Lending Corporation

Sector

Financial Services

Industry

Financial - Credit Services

ROE

-7.04%

Market Cap

$0.37B

Current Ratio

4.44

ROIC

0.88%

Contact Information

https://www.openlending.com

512 892 0400

1501 South Mopac Expressway, Austin, TX 78746

Key Metrics of LPRO

Snapshot

Latest / TTM · 6 periods

Market Cap

$371.53M

ROCE

-3.5%

EV / EBITDA

61.57x

-6.7% YoY

FCF Yield

-0.2%

+1.6% YoY

Cash Conversion Cycle

101.9d

Current Ratio

4.44

Quick take

TTM —

Positive CCC

Financial Highlights of LPRO

Profitability trend

Latest / TTM · 6 periods

Gross Margin

77.2%

Net Margin

-5.9%

P/E Ratio

-69.93x

n/a

Debt / Equity

1.13

n/a

Current Ratio

4.44

Dividend Yield

0.0%

Understanding

TTM —

Interest coverage is weak

Calendar of LPRO

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $0.04 · Revenue $28.37M · 1 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $0.09 · Revenue $101.04M · 3 analysts
Mar 31, 2027
Q1 FY2027 · Estimated results
Est. EPS $0.03 · Revenue $27.56M · 1 analysts
Jun 30, 2027
Q2 FY2027 · Estimated results
Est. EPS $0.04 · Revenue $27.20M · 1 analysts

Recent history

May 8, 2026
Q1 FY2026 · Results reported
EPS $-0.00 · Revenue $20.49M
View filing
Mar 12, 2026
FY2025 · Annual results
EPS $-0.04 · Revenue $93.22M
View filing
Nov 6, 2025
Q3 FY2025 · Results reported
EPS $-0.06 · Revenue $24.17M
View filing
Aug 7, 2025
Q2 FY2025 · Results reported
EPS $0.01 · Revenue $25.31M
View filing
May 8, 2025
Q1 FY2025 · Results reported
EPS $0.01 · Revenue $24.39M
View filing
Dec 31, 2024
FY2024 · Annual results
EPS $-1.13 · Revenue $24.02M

Financial Statements of LPRO

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$93.2M	+288.0%	+5.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-4.2M	+96.9%	-127.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+75.5%	+10636.1%	+0.4%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+6.4%	+102.4%	-178.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-4.5%	+99.2%	-125.8%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-3.3M	-118.6%	-122.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-3.5%	-104.8%	-121.3%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	117.5%	-36.2%	-3.8%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	4.52x	-22.5%	-1.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$236.7M	-20.1%	-2.4%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-0.04 vs -0.03	-26.8%	-0.00 vs 0.04	-109.7%
Revenue Surprise	$93.2M vs $95.8M	-2.7%	$20.5M vs $28.4M	-27.8%

Insider Transactions of LPRO

Acquisitions (A)

Since Jul 30, 2026

Disposals (D)

Since Jul 30, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Jul 30, 2026	Sather Matthew	officer: Chief Underwriting Officer	Performance Stock Units	A	123,338	—
Jul 30, 2026	Sather Matthew	officer: Chief Underwriting Officer	Performance Stock Units	D	123,338	—
Jul 30, 2026	Sather Matthew	officer: Chief Underwriting Officer	Restricted Stock Units	D	167,793	—
Jul 30, 2026	Sather Matthew	officer: Chief Underwriting Officer	Stock Options	D	114,379	$2.50
Jul 30, 2026	Monaco Massimo	officer: Chief Financial Officer	Performance Stock Units	A	207,232	—

Earnings Call Transcript of LPRO

3 transcript segments

Q1 2026

OperatorOperatorSentiment 0.0

Please stand by. We're about to begin. Good day, everyone, and welcome to the Open Lending Corporation's first quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask a question during the question-and-answer session. To register to ask a question at any time, please press star 1 on your keypad. Please be advised that today's conference is being recorded. We are standing by if you should need any assistance. I'd now like to turn the call over to Ryan Gardella. Please go ahead.

Ryan GardellaHead of Investor RelationsSentiment 0.0

Thank you. Prior to the start of this call, the company posted its first quarter 2026 earnings release and supplemental slides to the investor website. In the release, you'll find reconciliations of non-GAAP financial measures to the most comparable GAAP financial measures discussed on this call. Before we begin, I would like to remind you that this call may contain estimates or other forward-looking statements that represent the company's view as of today, May 7, 2026. Open Lending disclaims any obligation to update these statements to reflect future events or circumstances. Please refer to today's earnings press release and our filings with the SEC for more information concerning factors that would cause actual results to differ from those expressed or implied in such statements. And now, I will pass the call over to Jessica to give an update on the business and financial results for the first quarter 2026.

JessicaChief Executive OfficerSentiment 0.7

Thanks, everyone, for joining us today on our first quarter 2026 earnings conference call. I am joined today by our CFO, Massimo Monaco, and our Chief Underwriting Officer, Matt Sather. The first quarter marked another step forward in our operational execution and reinforced the impact of the changes we've been making across the organization. We believe that this progress is translating into certain momentum and supports our path towards a more durable, high-quality, and more profitable portfolio of insured loans. The macroeconomic environment remains challenging. Credit quality pressures and consumer stress continue to weigh on the auto lending market, and we are not immune to those dynamics. That said, our first quarter results reflect continued operational discipline. While applications grew 18% year-over-year, driven by stronger go-to-market performance, approval rates declined as a direct result of our deliberate decision to pull back from higher-risk credit segments and borrowers in favor of higher-quality certified loan volumes. We are confident that discipline is paying off, our strategy is working, and the necessary tightening actions and credit box changes are now in place. Quality continues to take precedence over quantity. We facilitated 21,064 certified loans in the first quarter. Certified volume in the first two weeks of January still reflected some residual impact from the fourth quarter pricing conversion factor that rolled off on January 15th. Even so, the net result …

Leadership Team of LPRO

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Jessica Elizabeth Buss	Chairman & Chief Executive Officer	USD 2,048,413	Female	1972	Active
Michelle Lynn Glasl	Chief Operating Officer	USD 926,055	Female	1971	Active
Massimo Monaco	Chief Financial Officer	USD 621,478	Male	1974	Active
Matthew Sather	Chief Underwriting Officer	USD 542,063	Male	1971	Active
Ben Massey	General Counsel & Corporate Secretary	USD 477,752	Male	1986	Active
Laura Moser	Chief Accounting Officer	USD 475,730	Female	—	Active
Aaron Bussey	Senior Vice President of Product Development Strategy	—	Male	—	Active
Anthony Capizzano	Chief Growth Officer	—	Male	1975	Active
Derica Demint	Senior Vice President of Account Management & Client Services	—	Female	—	Active
Richard F. Watkins	Founder	—	Male	—	Active

Recent News of LPRO

GuruFocus7/30/2026Neutral

ANV Completes Acquisition of Open Lending

ANV Group Holdings Ltd. (âANVâ), a global insurance intermediary platform, today announced it has completed its acquisition of Open Lending, a leading provi

Business Wire7/30/2026Neutral

ANV Completes Acquisition of Open Lending

NEW YORK--(BUSINESS WIRE)--ANV Group Holdings Ltd. (“ANV”), a global insurance intermediary platform, today announced it has completed its acquisition of Open Lending, a leading provider of insurance-backed lending enablement and risk analytics solutions for financial institutions. The transaction, originally announced on June 16, 2026, has received all required regulatory approvals. Open Lending is now a privately held company. Founded more than two decades ago, Open Lending partners with fina.

Business Wire7/28/2026Neutral

Open Lending and ANV Announce Results of Tender Offer

NEW YORK--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending”) and ANV Group Holdings Ltd. (“ANV”), a global insurance intermediary platform, today announced the results of ANV's tender offer for any and all of the outstanding shares of Open Lending common stock (the “Shares”) at a price of $3.15 per Share. Equiniti Trust Company, LLC, the depositary and paying agent for the tender offer, has reported that, as of the expiration of the tender offer at one minute after 11:59.

GuruFocus7/13/2026Neutral

Open Lending Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Open Lending Corporation - LPRO

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of [url="]Kahn Swick and Foti[/url], LLC (âKSFâ) are investigating the propo

Business Wire7/13/2026Neutral

Open Lending Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Open Lending Corporation - LPRO

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Open Lending Corporation (NasdaqGM: LPRO) to ANV Group Holdings Ltd. Under the terms of the proposed transaction, shareholders of Open Lending will receive $3.15 in cash for each share of Open Lending that they own. KSF is seeking to determine whether this consideration and the process that led to i.

Historical Employee Count of LPRO

Current

164

Change

-20.00%

Minimum

132

Maximum

210

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	164	10-K	Mar 12, 2026	View
Dec 31, 2024	205	10-K	Mar 31, 2025	View
Dec 31, 2023	210	10-K	Feb 28, 2024	View
Dec 31, 2022	180	10-K	Feb 28, 2023	View
Dec 31, 2021	132	10-K	Feb 28, 2022	View

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Open Lending Corporation