LPRO
Open Lending Corp

Open Lending CorpLPRO

Financial Services · Credit Services
3.14USD
+0.00%
Nov 09, 2026
LPRO overview ready
Automotive lending risk analytics and default insurance platform for lenders
Open Lending is a direct lending-enablement provider: its Lenders Protection platform combines automated underwriting and loan-level risk/pricing analytics with default-protection insurance arranged through third-party insurers for banks, credit unions and other auto lenders.
Theme not measured
No economic group is assigned yet.
Price Action not measured
Demanding valuation
The price embeds expectations that run ahead of the growth it delivers per turn of revenue multiple.
Fundamentals under pressure
Ev / ebitda is weak.
Primary risk
Decline in automotive loan origination volumes.
Market Aug 7Price action Nov 7

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction—BusinessPerformance—BusinessQuality—Valuation1.5ThemeMomentum—A revenue trend needs at least three unbroken comparable quarters, so none is read here.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
No economic group yet — pending research
Price
Loading price history…

Price Action

Not enough price history for a trend read.

Key Financials

Market Cap
$371.5M
Avg Volume (60D)
1.4M
60 sessions
Revenue Growth YoY
-16.0%
Latest quarter
Gross Margin
+77.2%
Operating Margin
-3.1%
Latest quarter
Free Cash Flow Yield
+2.0%
P/E
N/M
EV / EBITDA
56.4x
EV / Sales
3.2x
Market metrics as of Sep 14, 2026

Business Performance

Insufficient evidence

A revenue trend needs at least three unbroken comparable quarters, so none is read here.

Latest reported: Q1 FY2026, ended Mar 31
Revenue growthNot enough data
-16%
$20.5M in Q1 FY2026 · YoY
YoY growth, last 4 quarters
  1. -5.3%
  2. +3.0%
  3. n/a
  4. -16%
Earnings growthFlat
$0.00
Diluted EPS $0.00 vs $0.01 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginNot applicable
-3.1%
-6.2 pp YoY · gross margin 76.3% (+1.3 pp)

Business Quality

Not assessed

Not assessed — banks, insurers and lenders need a different model.

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
Open Lending Corp has an Expensive valuation stance because the price embeds expectations that run ahead of the growth it delivers per turn of revenue multiple. It trades at 3.2x revenue, which requires sustained delivery to be justified.

Company Research

Thesis
Open Lending is a direct lending-enablement provider: its Lenders Protection platform combines automated underwriting and loan-level risk/pricing analytics with default-protection insurance arranged through third-party insurers for banks, credit unions and other auto lenders.
Opportunity
Limited opportunity
Automotive lenders' use of automated risk models, granular pricing, portfolio analytics and credit-risk mitigation to originate profitably beyond prime borrowers while controlling loss volatility.
Key risk
Decline in automotive loan origination volumes.

Economic classification

Loading the economic classification…

Business & Markets

Financial Services · Credit Services
What they do

Open Lending Corp provides a cloud-based automotive lending enablement platform that delivers loan analytics, risk modeling, and automated credit default insurance issuance to lenders in the U.S. Automotive finance market.

How it earns

The company generates revenue primarily through subscription and transactional fees for its lending enablement and risk analytics services.

Products & services
Lenders Protection Platform (LPP)
Loan analytics
Risk-based loan pricing
Risk modeling
Automated credit default insurance issuance
Customers & end markets
Credit unions
Regional banks
Finance companies
Captive finance companies of automakers
Market position

Niche provider specializing in automated risk analytics and credit default insurance for automotive lenders.

Demand drivers
Medium cyclicality

Automotive lending volumes and credit risk appetite fluctuate with economic cycles and consumer credit conditions.