Open Lending CorpLPROEarnings & Financial Report
Open Library is an online project intended to create "one web page for every book ever published". Created by Aaron Swartz, Brewster Kahle, Alexis Rossi, Anand Chitipothu, and Rebecca Hargrave Malamud, Open Library is a project of the Internet Archive, a nonprofit organization. It has been funded in part by grants from the California State Library and the Kahle/Austin Foundation. Open Library provides online digital copies in multiple formats, created from images of many public domain, out-of...
Revenue
$25.3M
Gross Profit
$19.8M
Operating Profit
$1.2M
Net Profit
$1.0M
Gross Margin
78.2%
Operating Margin
4.6%
Net Margin
4.1%
YoY Growth
-5.3%
EPS
$0.01
Open Lending Corp Q2 FY2025 Financial Summary
Open Lending Corp reported revenue of $25.3M (down 5.3% YoY) for Q2 FY2025, with a net profit of $1.0M (down 64.4% YoY) (4.1% margin). Cost of goods sold was $5.5M, operating expenses totaled $18.6M.
Key Financial Metrics
| Total Revenue | $25.3M |
|---|---|
| Net Profit | $1.0M |
| Gross Margin | 78.2% |
| Operating Margin | 4.6% |
| Report Period | Q2 FY2025 |
Open Lending Corp Annual Revenue by Year
Open Lending Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $93.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $93.2M |
| 2024 | $24.0M |
| 2023 | $117.5M |
| 2022 | $179.6M |
Open Lending Corp Quarterly Revenue & Net Profit History
Open Lending Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $19.3M | +134.0% | N/A | N/A |
| Q3 FY2025 | $24.2M | +3.0% | $-7.6M | -31.3% |
| Q2 FY2025 | $25.3M | -5.3% | $1.0M | 4.1% |
| Q1 FY2025 | $24.4M | -20.7% | $617.0K | 2.5% |
| Q4 FY2024 | $-56.9M | -481.0% | N/A | N/A |
| Q3 FY2024 | $23.5M | -9.7% | $1.4M | 6.1% |
| Q2 FY2024 | $26.7M | -29.9% | $2.9M | 10.9% |
| Q1 FY2024 | $30.7M | -19.9% | $5.1M | 16.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $30.7M | $26.7M | $23.5M | $-56.9M | $24.4M | $25.3M | $24.2M | $19.3M |
| YoY Growth | -19.9% | -29.9% | -9.7% | -481.0% | -20.7% | -5.3% | 3.0% | 134.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $380.6M | $382.8M | $395.7M | $296.4M | $304.2M | $296.7M | $287.7M | $236.7M |
| Liabilities | $169.1M | $166.0M | $175.2M | $218.3M | $224.4M | $217.7M | $214.8M | $161.7M |
| Equity | $211.5M | $216.8M | $220.5M | $78.1M | $79.8M | $78.9M | $72.8M | $75.0M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $11.0M | $-1.4M | $11.4M | $17.6M | $-3.8M | $848000 | $-5.7M | $-3.2M |