Short answer
Open Lending Corp (LPRO) filed its Q1 2026 10-Q quarterly report on May 8, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $20M (down 16.0% year over year) with net income of −$460,000.
Q1 2026 key financials · XBRL
- Revenue
- $20M
- −16.0% YoY
- Net income
- −$460,000
- −174.6% YoY
- Operating margin
- -3.1%
- Gross margin
- 76.3%
- EPS (diluted)
- $0.00
- −100.0% YoY
Source: XBRL data from the Open Lending Corp (LPRO) Q1 2026 10-Q on SEC EDGAR. USD.
Open Lending Corp Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $20.5M, down 16% YoY from $24.4M, driven by program fees falling 25% to $11.4M
- Gross margin 76% vs 75% YoY; operating margin (3)% vs 3%, with operating loss $0.6M
- Profit share best performer, $7.0M, up 3%; claims administration fees weakest, $2.2M, down 12%
- Operating cash used $0.8M vs $3.8M YoY; investing cash used $0.3M and financing cash used $2.2M
- Near-term cost-saving focus; macroeconomic conditions, defaults, interest rates and forecast assumptions remain headwinds
Risk Factors
- No risk-factors section provided in submitted filing text
- No newly added risk identified from the submitted filing text
- No regulatory, legal, operational, competitive, or financial risks disclosed in the submitted filing text
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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