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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 platform (LPP), which is a cloud-based automotive lending enablement 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. The company was founded in 2000 and is headquartered in Austin, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $93M | $7M | $-4M | $-4M | -5.7% | 288.0% | -96.9% |
| 2024 | $24M | $-52M | $-135M | $14M | -172.9% | -79.5% | -711.7% |
| 2023 | $117M | $41M | $22M | $80M | 10.7% | -34.6% | -66.9% |
| 2022 | $180M | $100M | $67M | $107M | 31.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 179.59 | 117.46 | 24.02 | 93.22 |
| Operating Revenue | - | 179.59 | 117.46 | 24.02 | 93.22 |
| Cost Of Revenue | - | 19.97 | 22.28 | 23.86 | 21.56 |
| Gross Profit | - | 159.63 | 95.18 | 0.17 | 71.66 |
| Operating Expense | - | 62.01 | 66.10 | 65.55 | 76.67 |
| Research And Development | - | 8.20 | 5.58 | 4.46 | 8.78 |
| Selling General And Administration | - | 53.81 | 60.53 | 61.08 | 67.89 |
| Total Expenses | - | 81.98 | 88.38 | 89.40 | 98.22 |
| Operating Income | - | 97.62 | 29.08 | -65.38 | -5.01 |
| Total Operating Income As Reported | - | 97.62 | 29.08 | -65.38 | -5.01 |
| EBITDA | - | 100.29 | 40.68 | -51.61 | 6.70 |
| Normalized EBITDA | - | 100.29 | 40.68 | -51.61 | 6.70 |
| EBIT | - | 99.37 | 39.52 | -53.29 | 4.29 |
| Interest Income | - | 2 | 10.34 | 12.09 | 9.32 |
| Interest Expense | - | 5.83 | 10.66 | 11.32 | 9.66 |
| Net Interest Income | - | -3.84 | -0.33 | 0.77 | -0.34 |
| Other Non Operating Income Expenses | 55.30 | -0.24 | 0.11 | - | -0.02 |
| Other Income Expense | 46.52 | -0.24 | 0.11 | - | -0.02 |
| Interest Income Non Operating | - | 2 | 10.34 | 12.09 | 9.32 |
| Interest Expense Non Operating | - | 5.83 | 10.66 | 11.32 | 9.66 |
| Net Non Operating Interest Income Expense | - | -3.84 | -0.33 | 0.77 | -0.34 |
| Pretax Income | - | 93.54 | 28.86 | -64.60 | -5.37 |
| Tax Provision | - | 26.92 | 6.79 | 70.40 | -1.13 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 66.62 | 22.07 | -135.01 | -4.24 |
| Net Income From Continuing And Discontinued Operation | - | 66.62 | 22.07 | -135.01 | -4.24 |
| Net Income From Continuing Operation Net Minority Interest | - | 66.62 | 22.07 | -135.01 | -4.24 |
| Net Income | - | 66.62 | 22.07 | -135.01 | -4.24 |
| Net Income Common Stockholders | - | 66.62 | 22.07 | -135.01 | -4.24 |
| Net Income Including Noncontrolling Interests | - | 66.62 | 22.07 | -135.01 | -4.24 |
| Normalized Income | - | 66.62 | 22.07 | -135.01 | -4.24 |
| Diluted NI Availto Com Stockholders | - | 66.62 | 22.07 | -135.01 | -4.24 |
| Basic Average Shares | 126.35 | 126.11 | 120.83 | 119.18 | - |
| Diluted Average Shares | 126.39 | 126.26 | 121.47 | 119.18 | - |
| Reconciled Depreciation | - | 0.92 | 1.16 | 1.67 | 2.41 |
| Reconciled Cost Of Revenue | - | 19.97 | 22.28 | 23.86 | 21.56 |
| Total Unusual Items | -8.78 | 0 | 0 | - | - |
| Total Unusual Items Excluding Goodwill | -8.78 | 0 | 0 | - | - |
| Special Income Charges | -8.78 | 0 | 0 | - | - |
| Other Special Charges | 8.78 | - | - | - | - |
| Restructuring And Mergern Acquisition | 0 | 0 | - | - | - |
| General And Administrative Expense | - | 35.95 | 43.04 | 43.87 | 53.09 |
| Other Gand A | - | 35.95 | 43.04 | 43.87 | 53.09 |
| Selling And Marketing Expense | - | 17.86 | 17.48 | 17.22 | 14.80 |
| Otherunder Preferred Stock Dividend | 0 | 0 | - | - | - |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Open Lending Corporationthis co. | LPRO | $265M | -62.51 | 3.53 | -5.7% | 33.19 |
| First Western Financial, Inc. | MYFW | $281M | 21.28 | 1.06 | 5.0% | - |
| Fidelity D & D Bancorp, Inc. | FDBC | $273M | 9.67 | 1.14 | 11.8% | - |
| Western New England Bancorp, Inc. | WNEB | $266M | 17.40 | 1.07 | 6.2% | - |
| Franklin Financial Services Corporation | FRAF |
| - |
| - |
| - |
| - |
| - |
| - |
| $261M |
| 12.28 |
| 1.49 |
| 12.1% |
| - |
| Citizens, Inc. | CIA | $259M | 17.74 | 1.10 | 6.2% | - |
| Ames National Corporation | ATLO | $258M | 13.58 | 1.24 | 9.2% | - |
| First National Corporation | FXNC | $256M | 14.47 | 1.38 | 9.5% | - |
| First United Corporation | FUNC | $256M | 10.45 | 1.26 | 12.0% | - |
| Peer Median | - | 14.03 | 1.19 | 9.3% | - | |