Welcome to our dedicated page for Open Lending Corporation news (Ticker: LPRO), a resource for investors and traders seeking the latest updates and insights on Open Lending Corporation stock.
Open Lending Corporation (LPRO) provides essential news and updates for stakeholders tracking innovations in automotive lending technology. This hub aggregates official press releases and verified developments related to LPRO's risk analytics platforms and market strategies.
Investors and industry professionals will find timely updates on earnings announcements, strategic partnerships, and enhancements to the flagship Lenders Protection Program. The curated selection focuses on operational milestones impacting auto lenders' ability to serve near-prime markets securely.
Content spans regulatory filings, technology deployments, and financial performance data – all critical for assessing LPRO's position in the FinTech lending sector. New visitors receive context through archived announcements demonstrating consistent innovation in loan default prevention.
Bookmark this page for streamlined access to Open Lending's evolving solutions in risk-based pricing and automated decision tools. Regular updates ensure informed analysis of how LPRO enables lenders to balance portfolio growth with default protection.
Open Lending (NASDAQ:LPRO), a lending enablement and risk analytics solutions provider, reported its Q2 2025 financial results with mixed performance. The company facilitated 26,522 certified loans, down from 28,963 in Q2 2024. Total revenue decreased to $25.3 million from $26.7 million year-over-year.
Key financial metrics include gross profit of $19.8 million (down from $21.0 million), net income of $1.0 million (down from $2.9 million), and Adjusted EBITDA of $4.1 million (down from $6.8 million). The company provided Q3 2025 guidance expecting 22,500-24,500 certified loans.
Additionally, Open Lending announced a $25.0 million share repurchase program through May 2026, with $4.0 million already executed in Q2 2025 at an average price of $2.00 per share.
Open Lending (NASDAQ: LPRO) has announced an early extension of its producer agreement with AmTrust North America, its largest and longest-standing partner. The agreement, which was set to expire in 2028, has been extended through 2033.
AmTrust, which provides insurance coverage to Open Lending's credit unions through the company's Lender's Protection™ Program, has been partnering with Open Lending for over 15 years. The extension demonstrates AmTrust's confidence in Open Lending's technology-driven business model and ability to generate profitable business while facilitating car ownership opportunities for Americans.
Open Lending (NASDAQ: LPRO) has appointed Massimo Monaco as its new Chief Financial Officer, effective August 18, 2025. Monaco brings over 20 years of executive finance leadership experience in residential mortgage lending and financial services.
Monaco previously served as CFO of Arc Home LLC (2018-2025) and American Financial Resources (2016-2018), and held senior finance positions at PHH Corp. The new CFO holds an MBA and Bachelor of Arts from La Salle University.
CEO Jessica Buss highlighted Monaco's extensive financial services background and strategic vision as key assets for driving Open Lending's platform growth. Monaco expressed enthusiasm about joining the company, emphasizing its innovative approach to lending enablement and risk analytics.
[ "Appointment of seasoned CFO with over 20 years of relevant industry experience", "Strong background in mortgage lending and financial services aligns with company's core business", "Executive leadership experience in multiple financial institutions demonstrates proven track record" ]Open Lending (NASDAQ: LPRO), a leader in automotive lending enablement and risk analytics solutions, has scheduled its second quarter 2025 earnings announcement for August 6, 2025, after market close.
The company will host a conference call to discuss the results at 5:00 PM ET on the same day. Investors can access the webcast through the company's investor relations website, while teleconference participants can dial (800) 343-4136 (US) or (203) 518-9843 (International) using access code LENDING.
Open Lending (NASDAQ: LPRO), a provider of automotive lending enablement and risk analytics solutions, has scheduled its first quarter 2025 earnings release for May 7, 2025 after market close.
The company will host a conference call to discuss the results on the same day at 5:00 PM ET. Investors can access the webcast through the company's investor relations website at https://investors.openlending.com/ under the 'Events' section. The call will also be available via phone at (800) 445-7795 for domestic callers and (785) 424-1699 for international participants.
Open Lending (NASDAQ: LPRO) reported significant financial challenges in Q4 and full year 2024. The company facilitated 26,065 certified loans in Q4 2024, slightly down from 26,263 in Q4 2023. Q4 2024 showed concerning results with total revenue at $(56.9) million compared to $14.9 million in Q4 2023, primarily due to an $81.3 million reduction in estimated profit share revenues.
For full year 2024, certified loans decreased to 110,652 from 122,984 in 2023. Total revenue dropped to $24.0 million from $117.5 million, with a net loss of $135.0 million compared to net income of $22.1 million in 2023. The company's performance was heavily impacted by heightened delinquencies and defaults, particularly in loans originated between 2021-2024.
The company projects Q1 2025 certified loans between 27,000-28,000. Additionally, Jessica Buss has been appointed as CEO while maintaining her position as Board Chairman, and Michelle Glasl joins as COO.
Open Lending (NASDAQ: LPRO) has announced significant leadership changes, with Board Chair Jessica Buss appointed as Chief Executive Officer, effective immediately. Charles 'Chuck' Jehl will continue serving as Interim Chief Financial Officer and Board member, while Michelle Glasl joins as Chief Operating Officer.
Buss brings extensive insurance industry experience, having previously served as CEO of Argo Group International Holdings and held leadership positions at GuideOne Insurance and State Auto Insurance Companies. The Board is currently conducting a search for a permanent CFO.
The leadership transition aims to enhance loan performance, minimize defaults, and improve underwriting processes for insurance premium pricing. The company maintains its commitment to serving near and non-prime consumers alongside its partners.
Open Lending (NASDAQ: LPRO), a provider of automotive lending enablement and risk analytics solutions, has scheduled its Fourth Quarter and Full Year 2024 financial results announcement for March 31, 2025, after market close.
The company will host a conference call to discuss the results on April 1, 2025, at 8:00 AM ET. Investors can access the webcast through the company's investor relations website at https://investors.openlending.com/ under the 'Events' section. The call will also be available via phone at (877) 407-4018 for domestic callers and (201) 689-8471 for international participants.
Open Lending (NASDAQ: LPRO) has announced the postponement of its fourth quarter and full year 2024 earnings release and conference call, originally scheduled for March 17, 2025. The company has filed a Form 12b-25 with the SEC, requesting additional time to finalize its financial statements for the Annual Report on Form 10-K for the year ended December 31, 2024.
The company expects to file the 2024 Form 10-K by April 1, 2025, utilizing the automatic extension under Rule 12b-25. Open Lending will announce a new date and time for its Q4 and full year 2024 results conference call once the Form 10-K is completed.
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