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Side-by-side financial comparison of Open Lending Corp (LPRO) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

X4 Pharmaceuticals, Inc is the larger business by last-quarter revenue ($28.8M vs $19.3M, roughly 1.5× Open Lending Corp).

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X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

LPRO vs XFOR — Head-to-Head

Bigger by revenue
XFOR
XFOR
1.5× larger
XFOR
$28.8M
$19.3M
LPRO

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
LPRO
LPRO
XFOR
XFOR
Revenue
$19.3M
$28.8M
Net Profit
$282.0K
Gross Margin
76.0%
83.6%
Operating Margin
3.9%
-32.8%
Net Margin
1.0%
Revenue YoY
134.0%
Net Profit YoY
100.5%
EPS (diluted)
$-0.00
$0.04

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
XFOR
XFOR
Q4 25
$19.3M
Q3 25
$24.2M
Q2 25
$25.3M
Q1 25
$24.4M
$28.8M
Q4 24
$-56.9M
Q3 24
$23.5M
Q2 24
$26.7M
Q1 24
$30.7M
$0
Net Profit
LPRO
LPRO
XFOR
XFOR
Q4 25
Q3 25
$-7.6M
Q2 25
$1.0M
Q1 25
$617.0K
$282.0K
Q4 24
Q3 24
$1.4M
Q2 24
$2.9M
Q1 24
$5.1M
$-51.8M
Gross Margin
LPRO
LPRO
XFOR
XFOR
Q4 25
76.0%
Q3 25
78.0%
Q2 25
78.2%
Q1 25
75.1%
83.6%
Q4 24
111.0%
Q3 24
73.9%
Q2 24
78.6%
Q1 24
81.3%
Operating Margin
LPRO
LPRO
XFOR
XFOR
Q4 25
3.9%
Q3 25
-31.9%
Q2 25
4.6%
Q1 25
3.1%
-32.8%
Q4 24
138.0%
Q3 24
7.9%
Q2 24
14.9%
Q1 24
23.8%
Net Margin
LPRO
LPRO
XFOR
XFOR
Q4 25
Q3 25
-31.3%
Q2 25
4.1%
Q1 25
2.5%
1.0%
Q4 24
Q3 24
6.1%
Q2 24
10.9%
Q1 24
16.5%
EPS (diluted)
LPRO
LPRO
XFOR
XFOR
Q4 25
$-0.00
Q3 25
$-0.06
Q2 25
$0.01
Q1 25
$0.01
$0.04
Q4 24
$-1.20
Q3 24
$0.01
Q2 24
$0.02
Q1 24
$0.04
$-7.77

Balance Sheet & Financial Strength

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

Metric
LPRO
LPRO
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$176.6M
$40.3M
Total DebtLower is stronger
$84.8M
$75.0M
Stockholders' EquityBook value
$75.0M
$22.9M
Total Assets
$236.7M
$130.0M
Debt / EquityLower = less leverage
1.13×
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPRO
LPRO
XFOR
XFOR
Q4 25
$176.6M
Q3 25
$222.1M
Q2 25
$230.7M
Q1 25
$236.2M
$40.3M
Q4 24
$243.2M
Q3 24
$250.2M
Q2 24
$248.0M
Q1 24
$247.0M
$60.5M
Total Debt
LPRO
LPRO
XFOR
XFOR
Q4 25
$84.8M
Q3 25
$134.4M
Q2 25
$136.1M
Q1 25
$137.9M
$75.0M
Q4 24
$139.7M
Q3 24
$141.5M
Q2 24
$143.3M
Q1 24
$143.2M
$55.0M
Stockholders' Equity
LPRO
LPRO
XFOR
XFOR
Q4 25
$75.0M
Q3 25
$72.8M
Q2 25
$78.9M
Q1 25
$79.8M
$22.9M
Q4 24
$78.1M
Q3 24
$220.5M
Q2 24
$216.8M
Q1 24
$211.5M
$1.0M
Total Assets
LPRO
LPRO
XFOR
XFOR
Q4 25
$236.7M
Q3 25
$287.7M
Q2 25
$296.7M
Q1 25
$304.2M
$130.0M
Q4 24
$296.4M
Q3 24
$395.7M
Q2 24
$382.8M
Q1 24
$380.6M
$112.2M
Debt / Equity
LPRO
LPRO
XFOR
XFOR
Q4 25
1.13×
Q3 25
1.84×
Q2 25
1.72×
Q1 25
1.73×
3.27×
Q4 24
1.79×
Q3 24
0.64×
Q2 24
0.66×
Q1 24
0.68×
53.09×

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
XFOR
XFOR
Operating Cash FlowLast quarter
$-3.2M
$-12.4M
Free Cash FlowOCF − Capex
$-3.3M
FCF MarginFCF / Revenue
-16.8%
Capex IntensityCapex / Revenue
0.3%
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPRO
LPRO
XFOR
XFOR
Q4 25
$-3.2M
Q3 25
$-5.7M
Q2 25
$848.0K
Q1 25
$-3.8M
$-12.4M
Q4 24
$17.6M
Q3 24
$11.4M
Q2 24
$-1.4M
Q1 24
$11.0M
$-33.6M
Free Cash Flow
LPRO
LPRO
XFOR
XFOR
Q4 25
$-3.3M
Q3 25
Q2 25
$837.0K
Q1 25
$-3.9M
Q4 24
$17.4M
Q3 24
$11.3M
Q2 24
$-1.5M
Q1 24
$-33.7M
FCF Margin
LPRO
LPRO
XFOR
XFOR
Q4 25
-16.8%
Q3 25
Q2 25
3.3%
Q1 25
-15.9%
Q4 24
-30.6%
Q3 24
48.0%
Q2 24
-5.5%
Q1 24
Capex Intensity
LPRO
LPRO
XFOR
XFOR
Q4 25
0.3%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.2%
0.0%
Q4 24
-0.3%
Q3 24
0.5%
Q2 24
0.2%
Q1 24
0.0%
Cash Conversion
LPRO
LPRO
XFOR
XFOR
Q4 25
Q3 25
Q2 25
0.82×
Q1 25
-6.22×
-43.86×
Q4 24
Q3 24
7.92×
Q2 24
-0.48×
Q1 24
2.16×

Financial Flow Comparison

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

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