OPEN LENDING CORP (LPRO)
Financials · automotive lending technology and credit risk platforms · NASDAQ
Open Lending provides an automated risk management and insurance-backed lending platform that helps financial institutions profitably originate loans to near-prime and non-prime auto borrowers.
What OPEN LENDING CORP does
Open Lending Corporation provides digital lending and insurance technology solutions for the automotive lending industry. The company operates the Lenders Protection Program (LPP), which offers program fees, profit-sharing arrangements, and claims administration services to automotive lenders and their insurance partners. The platform enables lenders to underwrite and manage loans more effectively while connecting them with insurance partners to mitigate credit losses.
Themes: fintech, auto lending, risk management, subprime lending enablement
Fundamentals
- Price$3.14 as of 2026-08-07 close
- Market cap$371M as of 2026-08-07
- 1-year return+39.6% 2025-08-07 close $2.25 → 2026-08-07 close $3.14
- P/En/a negative earnings
- Net margin-6.0% as of 2026-08-24
- Gross margin+77.2% as of 2026-08-24
- ROE-7.0% as of 2026-08-24
- Debt / equity1.10 as of 2026-08-24
- Revenue growth (YoY)+405.4% as of 2026-08-24
- Revenue CAGR (3y)-19.6% SEC XBRL
- Beta0.14 as of 2026-08-24
- Last reported earnings2026-05-07 SEC EDGAR Form 8-K (Item 2.02)
How LPRO compares in its sector
- net profit marginbottom 10% 538 covered Financials peers, as of 2026-08-24
- operating marginbottom 10% 534 covered Financials peers, as of 2026-08-24
- gross marginmiddle range 176 covered Financials peers, as of 2026-08-24
- return on equitybottom 10% 575 covered Financials peers, as of 2026-08-24
- 3-year revenue CAGRbottom 10% 347 covered Financials peers
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 431 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which LPRO reported a dividend payment is FY2020, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2020 ratio would not describe LPRO today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2020) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
How OPEN LENDING CORP looks technically
Trend
5
| Distance from the 200-day | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
|---|---|---|
| 50-day moving average | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $1.96 | $1.96 |
| Since the 50/200 cross | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| Trend strength (14-day ADX) | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
Range
12
| 52-week high | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
|---|---|---|
| From the 52-week high | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| Above the 52-week low | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| Below the 52-week high | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| Since a 20-day breakout | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| Since a 55-day breakout | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| All-time high | its highest closing price on record is $43.95 (set on 2021-06-28) | $43.95 |
| Given back of the 52-week move | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| From the all-time high | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| Nearest price level | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| All-time low | its lowest closing price on record is $0.7 (set on 2025-04-11) | $0.7 |
| Above the all-time low | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
Based on daily closing prices as of 2026-08-07. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingHold (3.00 mean, 1=Strong Buy…5=Strong Sell) — 5 analysts
- Mean price target$2.92 range $2.00 – $3.15; median $3.15
Analyst estimates, as of 2026-08-13. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for LPRO
- Consensus EPS estimate$0.025 next reporting period, as of 2026-08-13
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Concentration of program fee revenue with top ten automotive lenders","Dependence on the effective adoption of the LPP platform by lenders","Reliance on a limited number of insurance partners to underwrite default coverage"]
What changed in the latest 10-Q
AI-assisted comparison of LPRO's 10-Q filed 2026-05-08 against the prior one filed 2025-11-06.
Management's Discussion & Analysis (MD&A)
- Added:
- Reference to Annual Report for year ended December 31, 2025 (newer filing) vs. December 31, 2024 (older filing)
- Added 'forecasts' to list of forward-looking statement indicator words (newer filing)
- Removed 'appears' and 'shall' from list of forward-looking statement indicator words (newer filing)
- Revised Risk Factors reference from 'set forth elsewhere in this Quarterly Report' to 'in our Annual Report and elsewhere in this Quarterly Report' (newer filing)
- Updated total facilitated originations from $27.3 billion to $28.5 billion (newer filing)
- Updated active lenders count from 448 to 447 (newer filing)
- Removed reference to 'U.S. government shutdown' from macroeconomic conditions list (newer filing)
- Removed 'including under the current U.S. administration' from changes in applicable laws reference (newer filing)
- Removed:
- Removed phrase 'and are not guarantees of future financial performance' after 'at the time of this Quarterly Report' (older filing had this)
- Removed second paragraph about caution regarding Risk Factors list and reliance on forward-looking statements (older filing had this)
- Removed third and fourth paragraphs discussing materialization of risks and variations in actual results (older filing had this)
- Removed reference to 'Through our flagship product, LPP,' and moved 'LPP' reference to later in paragraph (older filing structure)
- Reworded:
- Changed 'our financial or operating performance' to just 'our financial or operating performance' with minor restructuring (newer filing)
- Changed 'include, but are not limited to' to 'may include, but are not limited to' (newer filing)
- Changed bullet point ordering and structure of forward-looking statements list
- Changed 'the ability to maintain' to 'our ability to maintain' (older filing had 'the ability')
- Restructured Business Overview opening: moved 'Through our flagship product, LPP,' reference and changed 'Our customers, collectively referred to herein as automotive lenders,' to 'customers, collectively referred to herein as automotive lenders or lenders,' (newer filing)
- Changed 'data driven analysis' to 'data-driven analysis' (hyphenation change)
- Removed 'With five-second decisioning,' phrase from LPP description (older filing had this detail)
- Notes:
- The newer filing text appears truncated at the end ('Through the claims man'), preventing full comparison of the Business Overview section
- The older filing also appears truncated ('This score combines credit bureau data and Fair Credit Reporting Act-compliant alternative consumer data to more effectively assess risk and d'), limiting complete comparison of identical sections
Risk Factors
- Added:
- Newer filing (2026-05-08) reports March 31, 2026 balance sheet with total assets of $231,087 thousand versus older filing's (2025-11-06) September 30, 2025 balance sheet with total assets of $287,651 thousand
- Newer filing shows three months ended March 31, 2026 operations with net loss of $460 thousand versus older filing's three months ended September 30, 2025 with net loss of $7,569 thousand
- Newer filing cash flows statement for three months ended March 31, 2026 shows net cash used in operating activities of $764 thousand versus older filing's nine months ended September 30, 2025 with net cash used in operating activities of $8,644 thousand
- Removed:
- Older filing (2025-11-06) contained nine months ended September 30, 2025 condensed consolidated statements of operations; newer filing (2026-05-08) does not include nine-month period comparisons
- Older filing included 'Other income (expense), net' line item in statements of operations; newer filing does not show this line item
- Older filing's statements of changes in stockholders' equity included detailed quarterly progression (March 31, June 30, September 30, 2025 and comparable 2024 periods); newer filing shows only December 31, 2025 to March 31, 2026 progression
- Older filing's cash flows statement included 'Deferred income taxes' adjustment line item; newer filing does not include this line
- Reworded:
- Newer filing references 'Amortization of deferred financing cost' (singular) in cash flows; older filing used 'Amortization of debt issuance costs' (plural)
- Newer filing consolidated statements of changes in stockholders' equity caption references 'shares withheld for taxes'; older filing used 'shares withheld for taxes' in identical context but with different historical periods displayed
- Notes:
- The two filings report different fiscal periods (Q1 2026 in newer versus Q3 2025 in older), making direct period-to-period comparisons of operating results not directly comparable
- Older filing content is truncated in cash flows statement for nine months ended September 30, 2025; full comparison of all cash flow line items not feasible
- Newer filing financial statements section is truncated mid-sentence in Note 1 description; complete assessment of all note changes not possible
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for LPRO — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding LPRO as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 10,584,498
- Reported value $13,230,624
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 1 increased, 4 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
LPRO had 2,067,834 shares of reported short interest as of the 2026-07-15 FINRA settlement date (delayed, bi-monthly; not real-time).
LPRO had 1.75% of its shares outstanding sold short as of the 2026-07-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 1 days to cover at the same settlement.
- Reported short interest (shares) 2,067,834
- Short interest (% of shares outstanding) 1.75%
- Prior settlement (shares) 3,342,444
- Reported change -38.13%
- Days to cover (reported) 1
Reported to FINRA as of the 2026-07-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Experian
- TransUnion (TRU)
- Equifax (EFX)
- FICO (FICO)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare LPRO vs…
OPEN LENDING CORP is found in…
LPRO ranks in…
Frequently asked questions
What does OPEN LENDING CORP (LPRO) do?
Open Lending Corporation provides digital lending and insurance technology solutions for the automotive lending industry. The company operates the Lenders Protection Program (LPP), which offers program fees, profit-sharing arrangements, and claims administration services to automotive lenders and their insurance partners. The platform enables lenders to underwrite and manage loans more effectively while connecting them with insurance partners to mitigate credit losses.
What sector is OPEN LENDING CORP (LPRO) in?
OPEN LENDING CORP (LPRO) is classified in the Financials sector. Its industry is automotive lending technology and credit risk platforms. It trades on NASDAQ.
Who are OPEN LENDING CORP's (LPRO) competitors?
Notable peers of OPEN LENDING CORP (LPRO) include Experian, TransUnion, Equifax and FICO. This peer set is informational only — not financial advice.
Where does stocks-llm's data on LPRO come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-07.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.