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Open Lending Corporation (LPRO)
NASDAQ:LPRO
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.01Last Year’s EPS
0.01Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a meaningful stabilization and recovery compared with the prior-year period: revenue and adjusted EBITDA returned to positive territory, credit performance materially improved (vintage delinquencies down ~200 bps), balance sheet strengthened via $50M debt paydown and large cash balances, and new product/channel initiatives (Apex One Auto, OEM 3) provide clear growth levers. Near-term headwinds included a sizable Q4 drop in certified loans (~25.9% YoY) driven by temporary pricing changes and tighter underwriting, a negative operating cash flow headline (offset when excluding a one-time payment), and continued uncertainty on timing of profit-share loss recognition. On balance, management emphasized disciplined underwriting, model enhancements, and a pathway to compound growth through 2026 with guidance for higher certified loans and materially higher adjusted EBITDA, indicating that the positives outweigh the negatives.Company Guidance
Revenue and Profitability Recovery
Full-year 2025 total revenue of $93.2M and adjusted EBITDA of $15.6M; Q4 2025 revenue of $19.3M and adjusted EBITDA of $2.8M, a material improvement versus prior-year periods that included large negative change-in-estimate adjustments.
Loan Production and Guidance
Facilitated 97,348 certified loans in 2025 and 19,308 in Q4. Management provided full-year 2026 guidance of 100,000–110,000 certified loans (midpoint ~8% above 2025) and Q1 2026 guidance of 21,000–22,000.
Improved Credit Performance
2025 vintage over-60-day delinquency at 12 months is approximately 200 basis points lower than the 2023 and 2024 vintages, and management expects vintages to ultimately perform closer to the mid-60% loss-ratio range.
Stabilized Profit-Share Economics
Profit-share unit economics are being conservatively booked at an implied 72.5% loss ratio at certification, with profit-share revenue for 2025 new originations of $6.2M ($322 per certified loan) and management expecting lower volatility and improved ultimate performance.
Balance Sheet Strength and Capital Actions
Ended Q4 with $176.6M of unrestricted cash, total assets of $230.7M, reduced outstanding debt by $50M in the quarter (expected quarterly interest savings of ~$575K), and repurchased ~564K shares at an average $1.66 (≈$900K); $20.1M remains on the buyback program.
Product and Channel Expansion — Apex One Auto & OEM 3
Launched Apex One Auto in Q4 (two prime customers, mid-five-figure application flow, subscription-based model, pipeline doubled since launch) and continued OEM 3 ramp with deployments in Southern California and Texas and strong quarter-over-quarter volume growth (management cited 76% Q4 over Q3 increase for OEM 3).
Operational Improvements and Leadership
Management highlighted expense discipline (Q4 operating expenses down to $13.9M from $15.4M, a 9.3% YoY decrease), strengthened leadership with additions including a Chief Growth Officer, and ongoing model improvements (Project Red Rocks) to better simulate pricing, volume, and loss trade-offs.
Improving Application Metrics and Customer Retention
Since Feb 1, average CERTs per business day improved to 353 from 293 during the impacted period; application flow was ~20% higher year-over-year through February. Customer retention: zero customers lost in Q4 and only four lost for full year 2025; added six logos in Q4 and 46 in the full year.
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
LPRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 12, 2026 | $1.21 | $1.45 | +19.83% |
Nov 06, 2025 | $1.61 | $1.45 | -9.94% |
Aug 06, 2025 | $2.14 | $2.25 | +5.14% |
May 07, 2025 | $1.55 | $1.84 | +18.71% |
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.
FAQ
When does Open Lending Corporation (LPRO) report earnings?
Open Lending Corporation (LPRO) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Open Lending Corporation (LPRO) earnings time?
Open Lending Corporation (LPRO) earnings time is at May 12, 2026, After Close (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 2026 (Q1) is 0.01.