Open Lending (LPRO) Financial Statements & Analysis

Open Lending (LPRO) Income Statement

Open Lending reported revenue of $93.22M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 288.0% from $24.02M a year earlier. Open Lending posted a net loss of $4.24M, compared with a net loss of $135.01M a year earlier. Gross margin was 76.9% and operating margin -5.4%. In the most recent quarter, Q1 fiscal 2026 (ended Mar 31, 2026), revenue was $20.49M, down 16.0% from the same quarter a year earlier.

Open Lending Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Open Lending Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	93.22	24.02	24.02	117.46	179.59	215.66	108.89	92.85	52.19	32.38
Cost of Revenue	21.56	23.86	23.86	22.28	19.97	18.62	9.79	7.81	4.60	3.02
Gross Profit	71.66	0.17	0.17	95.18	159.63	197.03	99.11	85.04	47.59	29.36
Operating Expenses
Research & Development	8.78	4.46	4.46	5.58	8.21	4.35	1.96	1.17	0.80	0.69
Selling, General & Administrative	56.89	61.09	61.09	60.53	53.81	42.39	40.43	21.26	18.31	0.03
Operating Expenses	76.67	65.55	65.55	66.10	62.01	46.75	42.39	22.43	19.12	0.03
Operating Income	-5.01	-65.38	-65.38	29.08	97.62	150.29	56.72	62.62	28.47	-0.03
Other Income/Expense
Interest Income	9.32	12.09	12.09	10.34	2.00	0.21	0.20	0.02	0.01	0.41
Interest Expense	9.66	11.32	11.32	-10.66	5.83	-5.86	-11.60	0.32	0.34	0.00
Other Income/Expense	-0.36	0.77	0.77	-0.22	-4.08	40.88	-4.38	-0.10	-0.16	0.00
Income
Income Before Tax	-5.37	-64.61	-64.61	28.86	93.54	191.17	-90.99	62.51	28.32	-0.03
Income Tax Expense	-1.13	70.41	70.41	6.79	26.92	45.09	6.57	-0.03	0.04	0.00
Net Income	-4.24	-135.01	-135.01	22.07	66.62	146.08	-97.56	62.54	28.28	-0.03
Net Income - Continuous Operations	-4.24	-135.01	-135.01	22.07	66.62	146.08	-97.56	62.54	28.28	-0.03
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	6.30	-51.61	-51.61	29.43	100.29	150.81	58.03	62.94	28.74	16.17
EBIT	5.99	-	-53.29	29.08	97.62	150.29	56.72	-	-	-
Depreciation & Amortization	2.41	1.67	1.67	0.36	0.92	0.53	1.31	0.11	0.08	0.02
Earnings Per Share
Basic EPS	-	-1.00	-1.00	-	1.00	1.00	-1.00	2.00	-	-
Diluted EPS	-	-1.00	-1.00	-	1.00	1.00	-1.00	2.00	-	-
Basic Shares Outstanding	118.60	119.18	119.18	120.83	126.11	126.35	82.91	37.63	91.85	31.25
Diluted Shares Outstanding	118.60	119.18	119.18	121.48	126.26	126.39	82.91	37.63	91.85	31.25

Source: Company financial statements from annual and quarterly filings. Data as of Mar 31, 2026. Data sources and methodology

Frequently Asked Questions About Open Lending Financial Statements

What was Open Lending's revenue in fiscal 2025?

Open Lending reported revenue of $93.22M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 288.0% from $24.02M a year earlier.

Is Open Lending profitable?

No. Open Lending reported a net loss of $4.24M in fiscal 2025. In fiscal 2024 it lost $135.01M.

What is Open Lending's operating margin?

Open Lending's operating income was −$5.01M on revenue of $93.22M in fiscal 2025, an operating margin of -5.4%, compared with -272.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition