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Open Lending Corporation reports developments tied to its automotive lending enablement and risk analytics business for financial institutions. The company provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders in the United States, with recurring updates on certified loan volume, revenue, profit share economics, underwriting standards and pricing discipline.
Company news also covers product and platform expansion, including ApexOne Auto, an auto lending decisioning platform designed to serve a broader credit spectrum. Other recurring themes include quarterly and annual financial results, strategic initiatives, customer and lender activity, and board or executive appointments.
ANV Group Holdings has completed its acquisition of Open Lending (NASDAQ:LPRO), a provider of insurance-backed lending enablement and risk analytics solutions for financial institutions. The deal, first announced on June 16, 2026, has received all required regulatory approvals, and Open Lending is now a privately held company.
According to ANV, the transaction expands its specialty insurance intermediary platform by adding technology-enabled automotive finance capabilities built on Open Lending’s proprietary risk decisioning and insurance-backed credit solutions. ANV’s CEO Adam Karkowsky and Open Lending’s CEO Jessica Buss highlighted the strategic fit and plan to help financial institutions expand access to credit and manage risk while supporting long-term growth for customers, partners, and employees.
Open Lending (NASDAQ:LPRO) and ANV Group Holdings announced that ANV’s tender offer for Open Lending common stock at $3.15 per share has expired, with 101,348,383 shares, or approximately 85.65% of outstanding shares, validly tendered and not withdrawn. All conditions to close the offer have been satisfied, and ANV’s wholly owned subsidiary, Lakers Acquisition Sub, has accepted these shares for payment. According to Open Lending, a follow-on merger under DGCL Section 251(h) is expected on July 30, 2026, after which remaining eligible shares will be converted into the right to receive $3.15 in cash per share, without interest and less applicable tax withholding.
Open Lending (NASDAQ:LPRO) agreed to be acquired by ANV Group Holdings in an all-cash transaction. ANV will launch a tender offer to buy all Open Lending shares for $3.15 per share, a 78% premium to the 90-day VWAP as of June 15, 2026.
After the tender and second-step merger, Open Lending will become private and delist from Nasdaq. Closing is expected in Q3 2026, subject to regulatory approvals and a majority tender condition.
Open Lending (Nasdaq: LPRO) reported Q1 2026 results for the quarter ended March 31, 2026. Total revenue was $20.5 million; gross profit was $15.6 million; net loss was $0.5 million; and Adjusted EBITDA was $2.0 million. The company facilitated 21,064 certified loans in Q1.
The Board raised the share repurchase authorization from $25.0 million to $50.0 million and extended the program to May 1, 2027. Full‑year 2026 guidance targets 100,000–110,000 certified loans and $25–29 million Adjusted EBITDA.
Open Lending (NASDAQ: LPRO) said it will issue results for Q1 2026 after market close on May 7, 2026. The company will host a conference call and live webcast on May 7, 2026 at 5:00 PM ET to discuss results.
Webcast and archive will be available at the company investor relations website under Events; phone access is provided for domestic and international callers.
Open Lending (Nasdaq: LPRO) reported fourth-quarter and full-year 2025 results on March 12, 2026. Total revenue was $19.3M in Q4 and $93.2M for 2025, with adjusted EBITDA of $2.8M in Q4 and $15.6M for the year. The company facilitated 19,308 certified loans in Q4 and 97,348 for 2025. Management launched ApexOne Auto in November 2025 and made a voluntary principal debt repayment of $48.0M in December 2025. Full-year 2026 guidance calls for 100,000–110,000 certified loans and adjusted EBITDA of $25–$29M.
Open Lending (NASDAQ: LPRO) will release fourth-quarter and full-year 2025 results after market close on March 12, 2026.
The company will host a conference call and live webcast on March 12, 2026 at 5:00 PM ET; an archive will be posted on its investor relations website after the call.
Open Lending (NASDAQ: LPRO) appointed Anthony Capizzano as Chief Growth Officer, effective January 5, 2026.
Capizzano will lead the company’s growth strategy and efforts to support lenders nationwide. He brings more than 25 years of leadership in consumer lending, auto finance, banking, and fintech, most recently heading consumer lending at Axos Bank where he oversaw multiple lending products and growth initiatives. Management framed the hire as aligned with the company’s platform expansion and execution priorities and said Capizzano will help guide Open Lending’s next phase of growth and client value delivery.
Open Lending (NASDAQ: LPRO) appointed Abhijit “Abhi” Chaudhary to its Board of Directors as a Class I director, effective November 21, 2025. Mr. Chaudhary replaces Gene Yoon and will serve on the Audit and Nominating and Corporate Governance Committees.
He brings more than 20 years of product leadership across financial services, currently serving as Executive VP, Global Debit, Prepaid & Sustainability Products at Mastercard and previously holding senior product roles at Pagaya, Green Dot, American Express, and Discover Card. He holds a BS in Computer Engineering and an MBA.
Open Lending (Nasdaq: LPRO) reported third quarter 2025 results on Nov 6, 2025. Total revenue was $24.2 million and gross profit was $18.9 million for Q3 2025. The company reported a net loss of $7.6 million versus net income of $1.4 million in Q3 2024. Adjusted EBITDA was $5.6 million, up from $4.5 million year-over-year, with a revised presentation excluding interest income and certain non-recurring expenses.
Open Lending facilitated 23,880 certified loans in Q3 2025, and average profit share revenue per certified loan declined to $310 from $502. The company received a one-time $11.0 million payment from Allied Solutions under an amended reseller agreement. Q4 2025 certified loans are guided to 21,500–23,500.