Open Lending Corp

Listed Company

LPROCIK 0001806201NasdaqNon-AcceleratedSmaller ReportingPersonal Credit InstitutionsFY ends Dec 31

Period

FY 2025

Revenue

$93.22M

Net Income

$-4.24M

Total Assets

$236.68M

Equity

$74.96M

Shares Out

118.22M

Op. Cash Flow

$-3.19M

LPRO$3.13+22.75% · past yearDBEQ Basic

Daily closing prices

Business

Open Lending Corporation provides lending enablement and risk analytics to credit unions, regional banks, finance companies, and automaker captive finance companies. The company's flagship product, Lenders Protection Platform (LPP), enables automotive lenders to originate loans to near-prime and non-prime borrowers using proprietary risk-based pricing models and underwritten default insurance. Open Lending also launched ApexOne Auto, a decisioning platform for prime borrowers without default insurance. The company serves 450 active automotive lenders across the United States through its B2B technology platform.

Summary from 10-K filed 2026-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	93	24	117	180	216
Cost of services	22	24	22	20	19
Gross profit	72	169,000	95	160	197
General and administrative	53	44	43	36	30
Selling and marketing	15	17	17	18	12
Research and development	9	4	6	8	4
Total operating expenses	77	66	66	62	47
Operating income (loss)	−5	−65	29	98	150
Interest expense	−10	−11	−11	−6	—
Interest income	9	12	10	2	213,000
Other income (expense), net	−18,000	0	109,000	−238,000	−119,000
Income (loss) before income taxes	−5	−65	29	94	191
Income tax expense (benefit)	−1	70	7	27	45
Net income (loss)	−4	−135	22	67	146
Basic (in dollars per share)	−0.04	−1.13	0.18	0.53	1.16
Diluted (in dollars per share)	−0.04	−1.13	0.18	0.53	1.16
Basic (in shares)	119	119	121	126	126
Diluted (in shares)	119	119	121	126	126

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	177	243	240	204	116
Restricted cash	12	11	7	4	3
Accounts receivable, net	4	5	5	6	7
Current contract assets, net	22	10	29	54	71
Income tax receivable	3	4	7	10	1
Other current assets	5	3	3	2	5
Total current assets	223	276	290	281	203
Property and equipment, net	458,000	729,000	826,000	3	3
Capitalized software development costs, net	4	5	3	—	—
Operating lease right-of-use assets, net	3	4	4	5	5
Contract assets	3	5	600,000	21	42
Other assets	4	6	6	6	262,000
Total assets	237	296	374	380	319
Accounts payable	446,000	953,000	375,000	288,000	1
Accrued expenses	9	5	8	6	4
Current portion of debt	8	8	5	4	3
Third-party claims administration liability	12	11	6	4	3
Current portion of excess profit share receipts	19	19	0	—	—
Other current liabilities	2	3	932,000	626,000	621,000
Total current liabilities	49	47	21	15	12
Long-term debt, net of deferred financing costs	77	132	139	144	—
Operating lease liabilities	2	3	3	4	5
Excess profit share receipts	28	28	0	—	—
Other liabilities	5	7	5	4	0
Total liabilities	162	218	168	167	160
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value; 10,000,000 shares authorized and none issued and outstanding	0	0	0	0	0
Common stock, $0.01 par value; 550,000,000 shares authorized, 128,198,185 shares issued and 117,660,648 shares outstanding as of December 31, 2025 and 128,198,185 shares issued and 119,350,001 shares outstanding as of December 31, 2024	1	1	1	1	1
Additional paid-in capital	498	503	502	500	497
Accumulated deficit	−333	−329	−194	−216	−282
Treasury stock at cost, 10,537,537 shares at December 31, 2025 and 8,848,184 shares at December 31, 2024	−91	−97	−104	−72	—
Total stockholders equity	75	78	206	213	159
Total liabilities and stockholders equity	237	296	374	380	319

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Share-based compensation	7	9	9	5	4
Depreciation and amortization	2	2	1	915,000	525,000
Amortization of deferred financing cost	413,000	427,000	428,000	424,000	597,000
Non-cash operating lease cost	814,000	705,000	620,000	579,000	544,000
Deferred income taxes	0	70	−5	375,000	20
Loss on extinguishment of debt	203,000	0	0	—	—
Other	−177,000	127,000	15,000	0	—
Accounts receivable, net	1	−439,000	1	804,000	−2
Contract assets, net	−10	14	46	38	−24
Excess profit share receipts	−1	48	0	0	—
Other current and non-current assets	−2	−429,000	−507,000	−3	−1
Accounts payable	−507,000	578,000	86,000	−996,000	−2
Accrued expenses	4	−2	1	2	693,000
Income tax receivable, net	1	4	3	−8	−450,000
Operating lease liabilities	−773,000	−624,000	−561,000	−495,000	−364,000
Third-party claims administration liability	909,000	4	2	1	459,000
Other current and non-current liabilities	−2	4	1	4	−935,000
Net cash provided by (used in) operating activities	−3	18	83	107	95
Purchase of property and equipment	−56,000	−165,000	−123,000	−238,000	−111,000
Capitalized software development costs	−974,000	−4	−2	−386,000	−2
Net cash used in investing activities	−1	−4	−2	−624,000	−2
Payments on term loans	−56	−5	−4	—	—
Shares repurchased	−5	0	−37	−18	−20
Payment of excise tax on shares repurchased	0	−314,000	0	0	—
Shares withheld for taxes related to restricted stock units	−1	−1	−1	−209,000	0
Net cash used in financing activities	−61	−6	−42	−18	−78
Net change in cash and cash equivalents and restricted cash	−66	7	38	89	15
Interest paid	9	13	10	4	5
Income tax paid (refunded), net	−2	−4	9	36	25
Right-of-use assets obtained in exchange for lease obligations	0	594,000	0	0	0
Share-based compensation for capitalized software development	70,000	285,000	88,000	0	—
Accrued excise tax associated with share repurchases	22,000	0	314,000	0	0

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Frequently asked questions

What is Open Lending Corp's CIK number?

Open Lending Corp's SEC CIK number is 0001806201 (1806201). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Open Lending Corp's SEC filings?

All of Open Lending Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Open Lending Corp last report earnings?

Open Lending Corp (LPRO) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001806201-26-000036). This is Open Lending Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is Open Lending Corp's most recent earnings 8-K?

Open Lending Corp's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001806201-26-000036. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Open Lending Corp's latest earnings 8-K →
Look up any company's CIK number →