Earnings summaries and quarterly performance for Open Lending.
Executive leadership at Open Lending.
Board of directors at Open Lending.
Research analysts who have asked questions during Open Lending earnings calls.
John Davis
Raymond James Financial
4 questions for LPRO
Also covers: CPAY, EVRI, EVTC +7 more
JH
John Hecht
Jefferies
2 questions for LPRO
Also covers: AFRM, ARCC, CACC +22 more
PH
Peter Heckmann
D.A. Davidson
2 questions for LPRO
Also covers: ACIW, ALIT, BR +11 more
Joseph Vafi
Canaccord Genuity - Global Capital Markets
1 question for LPRO
Also covers: ADV, ALIT, ASGN +20 more
VC
Vincent Caintic
Stephens Inc.
1 question for LPRO
Also covers: AFRM, BFH, CRMT +9 more
Recent press releases and 8-K filings for LPRO.
Thread Raises $30.5 Million in Funding Round
LPRO
New Projects/Investments
Revenue Acceleration/Inflection
- Thread Bancorp, Inc. (Thread) has closed a $30.5 million funding round, consisting of a $27.6 million initial raise and a $2.9 million extension.
- The funding round was led by Portage Ventures, with additional participation from Rockmont Partners and other strategic investors.
- This investment will support the continued growth and development of Thread's Embedded Banking strategy.
- The company has experienced significant growth, managing over $2 billion in partner deposits and achieving more than three times growth in Embedded Deposits from January 2024 to October 2025, an approximately 75% annualized growth rate.
- With this latest round, Thread has now raised a total of over $100 million in Tier 1 capital across multiple rounds.
Dec 16, 2025, 2:00 PM
LPRO Reports Q3 2025 Financial Results
LPRO
Earnings
Demand Weakening
Accounting Changes
- LPRO reported total revenue of $24.2 million in Q3 2025, an increase from $23.5 million in Q3 2024.
- Adjusted EBITDA for Q3 2025 was $5.6 million, up from $4.5 million in Q3 2024, with an Adjusted EBITDA margin of 23%. However, the company recorded a net loss of $(7.569) million in Q3 2025, compared to a net income of $1.437 million in Q3 2024. The Adjusted EBITDA includes a one-time payment of $11.0 million related to an amendment to a reseller agreement.
- Total Certs decreased to 23,880 in Q3 2025 from 27,435 in Q3 2024, and Facilitated Loan Origination Volume decreased to $701.7 million from $772.5 million over the same period.
- The average loan size increased to $29,384 in Q3 2025 from $28,156 in Q3 2024, reflecting a strategic shift towards higher-value lending opportunities and credit union partnerships, alongside a reduction in credit builder exposure. The company also updated its Adjusted EBITDA presentation and corrected credit builder percentages for prior periods.
Nov 6, 2025, 10:00 PM
Open Lending Reports Q3 2025 Results, Launches Apex One Auto, and Updates Guidance
LPRO
Earnings
Product Launch
Guidance Update
- Open Lending reported Q3 2025 total revenue of $24.2 million, a 3% increase year-over-year, and Adjusted EBITDA of $5.6 million, up from $4.5 million in Q3 2024. The company recorded a net loss of $7.6 million and a diluted net loss per share of $0.06 for the quarter.
- The company facilitated 23,880 certified loans in Q3 2025, a decrease from 27,435 in Q3 2024, primarily due to a deliberate tightening of lending standards. However, excluding super thin and credit builder certs, volume was up approximately 7% year over year, indicating momentum in higher-quality segments.
- Open Lending introduced Apex One Auto, a new prime credit automated decisioning platform, which diversifies revenue with a recurring subscription-based stream and addresses an approximately $500 million per year opportunity in the automotive credit market.
- An amendment to the reseller agreement with Allied Solutions was announced, expected to generate over $2.5 million in annual cost savings once fully implemented in 2027. For Q4 2025, the company expects total certified loans to be between 21,500 and 23,500.
Nov 6, 2025, 10:00 PM
Open Lending Reports Q3 2025 Financial Results and Q4 2025 Outlook
LPRO
Earnings
Guidance Update
Product Launch
- Open Lending reported total revenue of $24.2 million for Q3 2025, an increase from $23.5 million in Q3 2024, but recorded a net loss of $7.6 million compared to a net income of $1.4 million in the prior year period.
- The company facilitated 23,880 certified loans in Q3 2025, a decrease from 27,435 in Q3 2024, with 89.8% originating from credit unions and banks, reflecting a strategic shift towards enhanced underwriting standards.
- Adjusted EBITDA increased to $5.6 million in Q3 2025 from $4.5 million in Q3 2024, which included an $11.0 million non-recurring expense for an amendment to the reseller agreement with Allied Solutions, LLC.
- Open Lending launched ApexOne Auto, an advanced decisioning platform, and provided Q4 2025 guidance expecting total certified loans to be between 21,500 and 23,500.
Nov 6, 2025, 9:11 PM
Open Lending Reports Third Quarter 2025 Financial Results
LPRO
Earnings
Guidance Update
- Open Lending reported total revenue of $24.2 million for the third quarter of 2025, an increase from $23.5 million in the third quarter of 2024, but experienced a net loss of $7.6 million compared to net income of $1.4 million in the prior year period.
- The company facilitated 23,880 certified loans during the third quarter of 2025, a decrease from 27,435 certified loans in the third quarter of 2024.
- Adjusted EBITDA increased to $5.6 million in the third quarter of 2025, up from $4.5 million in the third quarter of 2024.
- For the fourth quarter of 2025, Open Lending expects total certified loans to be between 21,500 and 23,500.
- The third quarter of 2025 results were impacted by a one-time payment of $11.0 million related to an amendment to a reseller agreement.
Nov 6, 2025, 9:05 PM
Thredd Partners with LoanPro to Strengthen Credit Capabilities
LPRO
New Projects/Investments
Product Launch
- Thredd announced a partnership with LoanPro to enhance its next-generation credit functions and enter the credit sector.
- This collaboration integrates LoanPro's advanced lending and credit capabilities with Thredd's global card issuance and processing power.
- The partnership aims to enable clients to design, deploy, and scale differentiated credit products with speed and personalization, while ensuring compliance and operational efficiency.
- The announcement was made at the "Money20/20" event in Las Vegas on October 28, 2025.
Oct 28, 2025, 3:02 AM
Quarterly earnings call transcripts for Open Lending.
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