LPRO
Open Lending Corporation1.7800
+0.0900+5.33%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
210.38MP/E (TTM)
-Basic EPS (TTM)
-1.26Dividend Yield
0%Recent Filings
8-K
Board settlement with Palogic
Open Lending struck a cooperation deal with Palogic on March 6, 2026, nominating William Dabbs Cavin to its Class III board slate for the 2026 annual meeting while endorsing Palogic's push to declassify the board for annual elections. Charles D. Jehl won't seek re-election, no disagreements noted. Palogic, holding 4.3M shares, commits to board-backed votes through mid-2027 but caps ownership at 9.9%. Standstills bind both sides.
8-K
CRO separation finalized
Open Lending finalized a separation agreement with former Chief Revenue Officer Matthew R. Roe on December 2, 2025, following his July 29 termination. It delivers $161,538.46 severance in two installments and $17,458.44 for six months COBRA, secured by full claims release and six-month non-solicit. Clean exit. Restrictive covenants persist.
8-K
Appoints fintech veteran Chaudhary
Open Lending accepted Gene Yoon's resignation from its board on November 19, 2025, without disputes, appointing Abhijit Chaudhary effective November 21 to fill the vacancy through the 2027 annual meeting. Chaudhary, Mastercard EVP with prior CPO roles at Pagaya and Green Dot, joins the Audit and Nominating Committees. His fintech expertise bolsters product strategy. No related party ties disclosed.
10-Q
Q3 FY2025 results
Open Lending posted Q3 revenue of $24.2M, up 3% y/y from $23.5M yet down from Q2's implied strength, with profit share jumping 24% y/y to $8.5M on a positive $1.1M estimate change versus last year's $7.0M hit, while program fees dipped 6% y/y on 13% fewer certified loans. Gross margin widened to 78% from 74% y/y as costs fell 13%. Operating loss hit $7.7M versus $1.9M income, driven by an $11.0M one-time Allied Amendment payment in G&A; net loss was $7.6M or $(0.06) per diluted share on 118M shares. Cash sits at $222M with $134M term debt due 2027 at 6.2% and full $150M revolver access, covenant compliant; ops cash used $8.6M YTD. Repurchased $4M shares. Litigation risk lingers from regulatory scrutiny.
8-K
Q3 revenue up, loans down
Open Lending reported Q3 2025 revenue of $24.2M, up from $23.5M last year, with certified loans down to 23,880 from 27,435 amid tighter underwriting. Gross profit rose to $18.9M, Adjusted EBITDA hit $5.6M, but net loss reached $7.6M after $11M Allied reseller payment. Q4 certified loans guided 21,500-23,500. Conservative shift boosts stability.
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