Open Lending Corporation (LPRO) Stock

Open Lending Corporation (LPRO) is a Financials stock trading at $3.15 (as of 2026-07-24), with a market capitalization of $371.79M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Open Lending Corporation provides a lending enablement and risk analytics platform for lenders in the United States through its Lenders Protection Program (LPP). The LPP SaaS offering supports loan decision-making and automated underwriting for automotive lenders and facilitates related credit default insurance issuance via third-party providers.

Understand Open Lending Corporation: how it makes money

Open Lending Corporation provides a lending enablement and risk analytics platform for credit unions, regional banks, and non-bank auto finance and captive finance companies, earning money mainly through Lenders Protection Program (LPP) fees (program fee revenue) and profit share revenue tied to loan decisions and automated underwriting.

LPP profitability is structurally volume-driven (Certified Loans Facilitated and Active Certified Loans in Portfolio) and economically levered by unit loss performance (Implied Loss Ratio for Profit-Share Unit Economics and Booked Unit Economics Loss Ratio) that feeds into Profit Share Revenue and changes in estimated future profit share revenue.

Revenue by segment (latest quarter)
Program Fees$0.0B
Profit Share$0.0B
Other$0.0B

Business quality (Weak): The operating metrics provided point to a clear profit engine, but the quarter's revenue is extremely small (revenue shown as 0.0B), making quarter-to-quarter results more sensitive to estimates and mix.

Bull case

  • Scale of live lending activity: The company reports 21,064 Certified Loans Facilitated and 411,000 Active Certified Loans in Portfolio in the latest period.
  • Diversified lender sources by mix: Certified loan mix is 90.2% from Credit Unions and Banks, and 10.2% from Original Equipment Manufacturers (as provided).
  • Gross margin remains high: Gross margin is reported at 76.3% in the latest period.

Bear case

  • Operating loss in the period: Operating margin is reported at -3.1% in the latest period.
  • Profit-share economics appear loss heavy: Implied Loss Ratio for Profit-Share Unit Economics is 72.5%, and Booked Unit Economics Loss Ratio is also 72.5% (both as provided).
  • Small absolute revenue makes results sensitive: Total revenue is shown as 0.0B, while revenue components are small amounts, which can increase volatility from estimate changes.
Valuation — source: SEC EDGAR (first-party)
Price$3.15
Market Cap$371.79M
Price / Book4.94
Price / Sales3.94
FCF Yield-4.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$93.22M
Net Margin-4.5%
Revenue Growth (YoY)288.0%
EPS Growth (YoY)-96.5%
FCF Growth (YoY)-118.6%
Financial Health — source: SEC EDGAR
Altman Z-Score0.61 (distress)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Financials)15.4
Industry P/E (Banking)13.4
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderWASATCH ADVISORS LP ($15.15M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorFinancials
IndustryBanking
CEOJessica Elizabeth Buss
Employees205
CountryUS
IPO Date2018-03-26

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LPRO earnings history · LPRO institutional & insider holders · LPRO KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.