Short answer
Open Lending Corp (LPRO) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $24M (up 3.0% year over year) with net income of −$8M.
Q3 2025 key financials · XBRL
- Revenue
- $24M
- +3.0% YoY · −4.5% QoQ
- Net income
- −$8M
- −626.7% YoY · −832.0% QoQ
- Operating margin
- -31.9%
- Gross margin
- 78.0%
- EPS (diluted)
- −$0.06
- −700.0% YoY
Source: XBRL data from the Open Lending Corp (LPRO) Q3 2025 10-Q on SEC EDGAR. USD.
Open Lending Corp Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $24.2M, up 3% YoY from $23.5M, driven by profit share revenue
- Gross margin 78% vs 74% YoY
- Operating margin (32%) vs 8% YoY, with operating loss $7.7M vs income $1.9M
- Profit share best-performing stream at $8.5M, up 24%; program fees $13.3M, down 6%
- Certified loans 23,880, down 13%; loan value $701.7M vs $772.5M YoY
Risk Factors
- New securities class action filed May 2025 alleging materially false or misleading disclosures under Exchange Act Sections 10(b), 20(a), and Rule 10b-5
- Regulatory exposure across state and federal consumer-finance laws, including licensing, usury, discrimination, and unfair-practices enforcement
- Compliance remediation risk from self-identified issues requiring operational changes and customer payments
- Litigation risk from securities claims, potentially diverting management attention and damaging partner relationships
- Concentration of regulatory burden in highly regulated financial-services and insurance activities, increasing operating and compliance costs
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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