Open Lending Corporation reported significant financial performance improvements in its 2025 fiscal year, with total revenue reaching $93.2 million, a substantial increase of 288% from $24.0 million in 2024. This growth was primarily driven by a notable rise in profit share revenue, which surged by $72.5 million to $29.4 million, contrasting with a loss of $43.1 million in the previous year. The company also reported a reduced operating loss of $5.0 million, a significant improvement from the $65.4 million loss recorded in 2024. The net loss for the year was $4.2 million, down from $135.0 million in the prior year.
The company facilitated 97,348 certified loans through its Lenders Protection Platform (LPP) in 2025, a decrease from 110,652 loans in 2024. Despite this decline, the average program fee per certified loan increased to $558 from $515, reflecting improved unit economics. The average profit share revenue per certified loan, however, decreased to $298 from $479, indicating challenges in anticipated profit share from new loan originations. Open Lending's active lender base grew to 450, up from 441 in the previous year, with 46 new contracts signed.
Strategically, Open Lending launched ApexOne Auto in November 2025, an advanced decisioning platform aimed at prime borrowers, expanding its product offerings beyond the near-prime and non-prime segments served by LPP. The company also amended its reseller agreement with Allied Solutions, resulting in a one-time payment of $11.0 million to modify compensation rights, which is expected to streamline future operations.
Operationally, Open Lending's total assets decreased to $236.7 million from $296.4 million in 2024, primarily due to a reduction in cash and cash equivalents. The company made a voluntary principal repayment of $48.0 million on its Term Loan due 2027, leaving $85.1 million outstanding. The company’s liquidity remains stable, with management expressing confidence in its ability to meet working capital needs through existing cash resources and a revolving credit facility.
Looking ahead, Open Lending anticipates continued growth driven by its expanded product offerings and a focus on enhancing lender relationships. However, the company remains cautious about macroeconomic conditions that could impact consumer spending and borrowing behaviors, particularly in the automotive sector. The management's outlook emphasizes the importance of adapting to market dynamics while leveraging its proprietary data and technology to optimize lending solutions.
About Open Lending Corp
Open Lending Corporation provides risk analytics and lending enablement solutions for automotive lenders, including credit unions, banks, and finance companies. Its flagship platform, Lenders Protection Platform (LPP), offers real-time underwriting, risk-based pricing, and default insurance integration to expand lending to near-prime and non-prime borrowers. The company enhances loan volume, profitability, and risk management in the automotive finance market through proprietary data, models, and insurance partnerships.
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