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Jun 30
Open Lending Q2 2025 Earnings Report
Open Lending reported its second quarter 2025 financial results, showing a decrease in total revenue, net income, and adjusted EBITDA compared to the same period last year.
Key Takeaways
Open Lending experienced a decline in its financial performance for the second quarter of 2025, with total revenue decreasing to $25.3 million from $26.7 million in Q2 2024. Net income fell to $1.0 million from $2.9 million, and Adjusted EBITDA was $4.1 million, down from $6.8 million in the prior year. The company facilitated fewer certified loans, totaling 26,522 compared to 28,963 in Q2 2024.
Total revenue for Q2 2025 was $25.3 million, a decrease from $26.7 million in Q2 2024.
Net income for the quarter was $1.0 million, down from $2.9 million in the second quarter of the previous year.
Adjusted EBITDA decreased to $4.1 million in Q2 2025 from $6.8 million in Q2 2024.
The number of certified loans facilitated in Q2 2025 was 26,522, a decline from 28,963 in Q2 2024.
Open Lending
Open Lending
Open Lending Revenue by Segment
Revenue by Segment
Program Fees Revenue
CapyFin.comProfit Share Revenue
CapyFin.comClaims Admin & Other Service Fees Revenue
CapyFin.com Forward Guidance
For the third quarter of 2025, Open Lending expects total certified loans to be between 22,500 and 24,500.
Revenue & Expenses
Visualization of income flow from segment revenue to net income