Open Lending Corporation (LPRO)

Over the past six months, Open Lending appointed Abhijit Chaudhary to its Board of Directors, and the stock saw a +3.23% increase, also announcing the launch of its ApexOne Auto platform in November 2025. In December 2025, Open Lending made a voluntary principal debt repayment of $48.0 million. In January 2026, the company appointed Anthony Capizzano as Chief Growth Officer, leading to a +9.62% increase in stock price. Open Lending reported its Fourth Quarter and Full Year 2025 financial results on March 12, 2026, which saw the stock price increase by +19.83%. A Schedule 13G/A filing on May 1, 2026, indicated Whetstone & Atterbury reported holding 3,799,105 LPRO shares. Open Lending announced it would release its First Quarter 2026 results on May 7, 2026, which led to a -4.57% decrease in stock price 15 days prior. On May 7, 2026, Open Lending reported its First Quarter 2026 financial results, showing a net loss of $0.5 million and revenue declining 16.4% year-over-year to $20.5 million, while expanding its share repurchase program and reaffirming its full-year 2026 guidance. On May 8, 2026, the stock price was $1.53, reflecting a -4.67% move since the market opened, and as of May 9, 2026, the stock was trading at $1.90.

Open Lending's volumes and revenues are subject to seasonal factors, with operating expenses showing less seasonal fluctuation, affecting net income. Revenue is largely generated from transaction fees from automotive lenders and profit share from insurance company partners in connection with auto loans. Approximately 80% of the expected revenue is collected in the first 12 months after loan origination, with the remainder from administration fees and underwriting profit share realized over the loan's life.

Open Lending Corporation is a financial technology company specializing in lending enablement and risk analytics for the automotive finance industry, operating within the finance and insurance sector. Founded in 2000 and headquartered in Austin, Texas, it provides solutions to various financial institutions across the United States. Open Lending's core business revolves around its cloud-based Lenders Protection Platform (LPP), offering loan analytics, risk-based pricing, risk modeling, and automated decision technology for automotive lenders, targeting near-prime and non-prime borrowers. The company also launched ApexOne Auto, an advanced decisioning platform designed to expand its capabilities to serve a full spectrum of auto borrowers.

Open Lending Corporation primarily serves financial institutions throughout the United States, focusing on those participating in the U.S. auto lending market.

Open Lending has been recognized as a top workplace by the Austin Business Journal and the Austin American Statesmen. The company emphasizes its mission to transform the auto lending industry through data analytics and cutting-edge technology, upholding values of trustworthiness, commitment, respect, humility, teamwork, and innovation. Open Lending markets its LPP platform to automotive lenders based on factors including loan analytics, risk-based pricing, risk modeling, automated decision-technology, integration, customer service, and brand and reputation.

Open Lending Corp. has a mixed ownership structure, with approximately 42.43% of the company's stock owned by Institutional Investors, 0.79% by Insiders, and 56.78% by Public Companies and Individual Investors. Major institutional owners include True Wind Capital Management, L.P., BlackRock, Inc., Wasatch Advisors Inc, Whetstone Capital Advisors, LLC, and Vanguard Group Inc. Key individual/insider owners include Adam Clammer (14.04%), Nebula Holdings LLC (10.29%), Blair J. Greenberg (6.43%), and Gene Yoon (6.43%), with Adam Clammer being the largest individual shareholder.