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Mar 31, 2025
Open Lending Q1 2025 Earnings Report
Reported financial results for the first quarter ended March 31, 2025
Key Takeaways
Open Lending reported a significant decrease in revenue and net income in Q1 2025 compared to the prior year, primarily driven by lower estimated profit share revenue per certified loan and a decrease in historic vintage profit share. Despite the decline, the company is implementing new measures to enhance lender profitability and reduce volatility in future profit share revenue, and the board authorized a $25 million share repurchase program.
Total revenue for Q1 2025 was $24.4 million, a decrease from $30.7 million in Q1 2024.
Net income for Q1 2025 was $0.6 million, down from $5.1 million in the same period last year.
Adjusted EBITDA was $5.7 million in Q1 2025, compared to $12.5 million in Q1 2024.
The company facilitated 27,638 certified loans in Q1 2025, a slight decrease from 28,189 in Q1 2024.
Revenue by Segment
Forward Guidance
For the second quarter of 2025, the Company currently expects total certified loans to be between 25,500 and 27,500.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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