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Side-by-side financial comparison of Open Lending Corp (LPRO) and NORTECH SYSTEMS INC (NSYS). Click either name above to swap in a different company.

NORTECH SYSTEMS INC is the larger business by last-quarter revenue ($30.3M vs $19.3M, roughly 1.6× Open Lending Corp). On growth, Open Lending Corp posted the faster year-over-year revenue change (134.0% vs 5.9%). NORTECH SYSTEMS INC produced more free cash flow last quarter ($5.5M vs $-3.3M). Over the past eight quarters, NORTECH SYSTEMS INC's revenue compounded faster (-5.9% CAGR vs -20.7%).

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Nortech Systems Inc is a global electronics manufacturing services provider. It delivers end-to-end solutions covering product design, prototyping, full-scale production, and supply chain management for clients operating in medical technology, industrial automation, aerospace and defense, and transportation sectors. It specializes in high-reliability, regulatory-compliant electronic components and assemblies tailored to strict industry standards.

LPRO vs NSYS — Head-to-Head

Bigger by revenue
NSYS
NSYS
1.6× larger
NSYS
$30.3M
$19.3M
LPRO
Growing faster (revenue YoY)
LPRO
LPRO
+128.1% gap
LPRO
134.0%
5.9%
NSYS
More free cash flow
NSYS
NSYS
$8.7M more FCF
NSYS
$5.5M
$-3.3M
LPRO
Faster 2-yr revenue CAGR
NSYS
NSYS
Annualised
NSYS
-5.9%
-20.7%
LPRO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LPRO
LPRO
NSYS
NSYS
Revenue
$19.3M
$30.3M
Net Profit
$897.0K
Gross Margin
76.0%
16.7%
Operating Margin
3.9%
3.0%
Net Margin
3.0%
Revenue YoY
134.0%
5.9%
Net Profit YoY
160.7%
EPS (diluted)
$-0.00
$0.32

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LPRO
LPRO
NSYS
NSYS
Q4 25
$19.3M
$30.3M
Q3 25
$24.2M
$30.5M
Q2 25
$25.3M
$30.7M
Q1 25
$24.4M
$26.9M
Q4 24
$-56.9M
$28.6M
Q3 24
$23.5M
$31.4M
Q2 24
$26.7M
$33.9M
Q1 24
$30.7M
$34.2M
Net Profit
LPRO
LPRO
NSYS
NSYS
Q4 25
$897.0K
Q3 25
$-7.6M
$-146.0K
Q2 25
$1.0M
$313.0K
Q1 25
$617.0K
$-1.3M
Q4 24
$-1.5M
Q3 24
$1.4M
$-739.0K
Q2 24
$2.9M
$157.0K
Q1 24
$5.1M
$765.0K
Gross Margin
LPRO
LPRO
NSYS
NSYS
Q4 25
76.0%
16.7%
Q3 25
78.0%
16.5%
Q2 25
78.2%
15.8%
Q1 25
75.1%
11.4%
Q4 24
111.0%
9.9%
Q3 24
73.9%
12.2%
Q2 24
78.6%
13.6%
Q1 24
81.3%
15.9%
Operating Margin
LPRO
LPRO
NSYS
NSYS
Q4 25
3.9%
3.0%
Q3 25
-31.9%
3.1%
Q2 25
4.6%
2.4%
Q1 25
3.1%
-6.0%
Q4 24
138.0%
-4.3%
Q3 24
7.9%
-1.5%
Q2 24
14.9%
1.0%
Q1 24
23.8%
3.4%
Net Margin
LPRO
LPRO
NSYS
NSYS
Q4 25
3.0%
Q3 25
-31.3%
-0.5%
Q2 25
4.1%
1.0%
Q1 25
2.5%
-4.9%
Q4 24
-5.2%
Q3 24
6.1%
-2.4%
Q2 24
10.9%
0.5%
Q1 24
16.5%
2.2%
EPS (diluted)
LPRO
LPRO
NSYS
NSYS
Q4 25
$-0.00
$0.32
Q3 25
$-0.06
$-0.05
Q2 25
$0.01
$0.12
Q1 25
$0.01
$-0.48
Q4 24
$-1.20
$-0.51
Q3 24
$0.01
$-0.27
Q2 24
$0.02
$0.05
Q1 24
$0.04
$0.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LPRO
LPRO
NSYS
NSYS
Cash + ST InvestmentsLiquidity on hand
$176.6M
$1.7M
Total DebtLower is stronger
$84.8M
Stockholders' EquityBook value
$75.0M
$34.5M
Total Assets
$236.7M
$71.9M
Debt / EquityLower = less leverage
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPRO
LPRO
NSYS
NSYS
Q4 25
$176.6M
$1.7M
Q3 25
$222.1M
$1.3M
Q2 25
$230.7M
$652.0K
Q1 25
$236.2M
$1.2M
Q4 24
$243.2M
$916.0K
Q3 24
$250.2M
$1.2M
Q2 24
$248.0M
$1.5M
Q1 24
$247.0M
$4.0M
Total Debt
LPRO
LPRO
NSYS
NSYS
Q4 25
$84.8M
Q3 25
$134.4M
Q2 25
$136.1M
Q1 25
$137.9M
Q4 24
$139.7M
Q3 24
$141.5M
Q2 24
$143.3M
Q1 24
$143.2M
Stockholders' Equity
LPRO
LPRO
NSYS
NSYS
Q4 25
$75.0M
$34.5M
Q3 25
$72.8M
$33.4M
Q2 25
$78.9M
$33.4M
Q1 25
$79.8M
$32.8M
Q4 24
$78.1M
$34.0M
Q3 24
$220.5M
$35.7M
Q2 24
$216.8M
$36.1M
Q1 24
$211.5M
$36.0M
Total Assets
LPRO
LPRO
NSYS
NSYS
Q4 25
$236.7M
$71.9M
Q3 25
$287.7M
$74.8M
Q2 25
$296.7M
$74.8M
Q1 25
$304.2M
$73.5M
Q4 24
$296.4M
$72.4M
Q3 24
$395.7M
$77.0M
Q2 24
$382.8M
$76.3M
Q1 24
$380.6M
$75.5M
Debt / Equity
LPRO
LPRO
NSYS
NSYS
Q4 25
1.13×
Q3 25
1.84×
Q2 25
1.72×
Q1 25
1.73×
Q4 24
1.79×
Q3 24
0.64×
Q2 24
0.66×
Q1 24
0.68×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LPRO
LPRO
NSYS
NSYS
Operating Cash FlowLast quarter
$-3.2M
$5.6M
Free Cash FlowOCF − Capex
$-3.3M
$5.5M
FCF MarginFCF / Revenue
-16.8%
18.0%
Capex IntensityCapex / Revenue
0.3%
0.5%
Cash ConversionOCF / Net Profit
6.25×
TTM Free Cash FlowTrailing 4 quarters
$2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPRO
LPRO
NSYS
NSYS
Q4 25
$-3.2M
$5.6M
Q3 25
$-5.7M
$-92.0K
Q2 25
$848.0K
$157.0K
Q1 25
$-3.8M
$-2.9M
Q4 24
$17.6M
$793.0K
Q3 24
$11.4M
$-1.6M
Q2 24
$-1.4M
$-4.3M
Q1 24
$11.0M
$2.8M
Free Cash Flow
LPRO
LPRO
NSYS
NSYS
Q4 25
$-3.3M
$5.5M
Q3 25
$-242.0K
Q2 25
$837.0K
$58.0K
Q1 25
$-3.9M
$-3.2M
Q4 24
$17.4M
$503.0K
Q3 24
$11.3M
$-1.6M
Q2 24
$-1.5M
$-4.6M
Q1 24
$2.1M
FCF Margin
LPRO
LPRO
NSYS
NSYS
Q4 25
-16.8%
18.0%
Q3 25
-0.8%
Q2 25
3.3%
0.2%
Q1 25
-15.9%
-11.9%
Q4 24
-30.6%
1.8%
Q3 24
48.0%
-5.2%
Q2 24
-5.5%
-13.5%
Q1 24
6.1%
Capex Intensity
LPRO
LPRO
NSYS
NSYS
Q4 25
0.3%
0.5%
Q3 25
0.0%
0.5%
Q2 25
0.0%
0.3%
Q1 25
0.2%
1.0%
Q4 24
-0.3%
1.0%
Q3 24
0.5%
0.1%
Q2 24
0.2%
0.8%
Q1 24
0.0%
2.2%
Cash Conversion
LPRO
LPRO
NSYS
NSYS
Q4 25
6.25×
Q3 25
Q2 25
0.82×
0.50×
Q1 25
-6.22×
Q4 24
Q3 24
7.92×
Q2 24
-0.48×
-27.30×
Q1 24
2.16×
3.70×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LPRO
LPRO

Segment breakdown not available.

NSYS
NSYS

Medical Imaging$11.4M37%
Medical Device$8.0M26%
Industrial$7.3M24%
Aerospace And Defense$3.7M12%

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