Open Lending Corporation (LPRO)
NASDAQ:LPRO
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
0.01Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: clear and material progress on underwriting quality, per-loan economics, strategic initiatives (OEM 3, ApexOne Auto) and decision intelligence (Project Red Rocks) that set the stage for durable, higher-quality growth. However, near-term top-line and GAAP/adjusted profitability metrics declined year-over-year (revenue -16%, adjusted EBITDA -37.5%, certified loans -23.8%) and there were modest reserve adjustments and a small operating cash flow shortfall driven by timing. Management guided to accelerating volumes later in 2026 and reiterated full-year targets, but near-term financials reflect the tradeoff of intentionally tightening credit to improve long-term unit economics.Company Guidance
Applications Growth
Applications grew 18% year-over-year, driven by stronger go-to-market performance and early signs of improved top-of-funnel activity.
Certified Loan Volume Beat Guidance
Facilitated 21,064 certified loans in Q1 2026, exceeding the top end of quarterly guidance and positioning the company to achieve full-year guidance of 100,000–110,000 certified loans.
Material Improvement in Per-Loan Economics
Profit share unit economics for new originations improved to $363 per certified loan in Q1 2026, up from $278 in Q1 2025 (+30% year-over-year) and up from $322 in Q4 2025.
Underwriting Quality and Loss Ratio Improvements
Company applied an implied loss ratio of ~70% for the 2026 vintage versus 72.5% for 2025 vintages; management expects these vintages to ultimately perform closer to the mid-60s loss ratio range due to underwriting and pricing actions and removal of high-loss SuperThin product.
Progress on Strategic Initiatives (OEM 3, Credit Unions, ApexOne Auto)
Momentum from core credit union channel and continued ramp of OEM 3; OEM 3 ramp and targeted high-volume state rollouts expected to accelerate certified loan contribution in H2 2026. ApexOne Auto pipeline building and contributing to go-to-market improvements.
Project Red Rocks Advancing Decision Intelligence
Project Red Rocks delivering simulation and decisioning capabilities (improved pricing segmentation and credit-builder differentiation). Management expects improved pricing for credit-builder segment (~30% of application flow) to be implemented mid-Q2, unlocking higher-quality volume.
Disciplined Expense Management
Operating expenses were $16.3 million in Q1, down 7% versus $17.5 million in Q1 2025, while continuing to invest in growth initiatives (including approximately $1.0M in Red Rocks-related spend).
Strong Balance Sheet and Capital Flexibility
Exited Q1 with $231.1M total assets and $173.3M in unrestricted cash; board expanded share repurchase program to $50M (approximately $45.1M remaining), and management reiterated capital allocation priorities focused on growth, balance sheet strength, and returning capital when appropriate.
Positive Carrier Alignment
Insurance partners expressed strong alignment with the disciplined growth strategy and a desire to write more business, reinforcing capacity for the Lenders Protection platform.
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 |
|---|---|---|---|
May 07, 2026 | $1.62 | $1.90 | +17.28% |
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% |
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 Aug 11, 2026, After Close (Confirmed).
What is Open Lending Corporation (LPRO) earnings time?
Open Lending Corporation (LPRO) earnings time is at Aug 11, 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 (Q2) is 0.02.