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Open Lending Corporation (LPRO)
NASDAQ:LPRO
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: -65.94%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted strong customer growth and proactive measures to address underperformance. However, significant negative changes in estimates and financial losses overshadowed these positives, indicating challenges in managing loan vintages and borrower profiles.Company Guidance
In the recent Open Lending earnings call for the fourth quarter and full year 2024, several key metrics and guidance were discussed. The company reported a total of 110,652 certified loans for the fiscal year 2024, generating $24 million in revenue and an adjusted EBITDA of negative $42.9 million. For the fourth quarter alone, they facilitated 26,065 certified loans, resulting in a total revenue of negative $56.9 million, which included an $81.3 million negative change in estimate (CIE) related to profit share. The company attributed this negative CIE to further deterioration in the performance of their 2021 and 2022 loan vintages, as well as factors affecting their 2023 and 2024 cohorts. Specifically, borrowers with credit builder tradelines and those with fewer positive tradelines underperformed, contributing significantly to the negative CIE. The call also addressed corrective actions, including credit tightening and pricing adjustments, aiming to improve future loan performance. Looking ahead to the first quarter of 2025, Open Lending expects to certify between 27,000 and 28,000 loans.Strong Customer Growth
The Lenders Protection program signed 58 new customers in 2024, including 13 in the fourth quarter, indicating strong market interest and the value proposition of the platform.
Proactive Corrective Measures
Implemented corrective actions designed to improve the performance of new originations, including adjustments to underwriting rules and pricing for borrowers with credit builder tradelines.
Positive Relations with Insurance Carriers
No restrictive caps on capacity with insurance carriers, who are pleased with the overall long-term performance of the portfolio and are willing to do more business with Open Lending.
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LPRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LPRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $2.76 | $1.17 | -57.61% |
| Nov 07, 2024 | $6.75 | $5.90 | -12.59% |
| Aug 08, 2024 | $5.47 | $5.50 | +0.55% |
| May 07, 2024 | $5.29 | $5.57 | +5.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Open Lending Corporation (LPRO) report earnings?
Open Lending Corporation (LPRO) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Open Lending Corporation (LPRO) earnings time?
Open Lending Corporation (LPRO) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LPRO EPS forecast?
LPRO EPS forecast for the fiscal quarter 2025 (Q1) is 0.02.
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