Open Lending Corporation Reports Q3 2025 Financial Results

Open Lending Corporation ( (LPRO) ) has released its Q3 earnings. Here is a breakdown of the information Open Lending Corporation presented to its investors.

Open Lending Corporation, a key player in the lending enablement and risk analytics sector, offers solutions to financial institutions across the U.S., focusing on auto loans. In its third-quarter 2025 financial report, Open Lending highlighted its strategic shift towards enhanced underwriting standards and the launch of ApexOne Auto, a new decisioning platform aimed at serving a broader range of auto borrowers.

The company reported a slight increase in total revenue to $24.2 million, up from $23.5 million in the same quarter of the previous year, despite a decrease in the number of certified loans facilitated. Gross profit also saw an increase, reaching $18.9 million compared to $17.3 million in 2024. However, the company faced a net loss of $7.6 million, contrasting with a net income of $1.4 million in the previous year. Adjusted EBITDA improved to $5.6 million from $4.5 million, reflecting the company’s efforts to streamline its financial measures.

Open Lending’s strategic initiatives included an amendment to its reseller agreement with Allied Solutions, resulting in a one-time payment of $11.0 million to extinguish certain compensation rights. The company’s focus on credit unions and banks was evident, with these institutions accounting for nearly 90% of certified loans. Despite a decrease in average profit share revenue per loan, the average program fee revenue per loan increased.

Looking ahead, Open Lending remains confident in its business model and expects to facilitate between 21,500 and 23,500 certified loans in the fourth quarter of 2025. The company continues to adapt its strategies to reduce volatility and enhance profitability as it moves into 2026.