(LPRO) Open Lending - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US68373J1043

Lending Platform, Risk Analytics, Loan Pricing, Decision Engine

Dividends

Currently no dividends paid
Risk via 10d forecast
Volatility 70.3%
Value at Risk 5%th 99.2%
Relative Tail Risk -14.27%
Reward TTM
Sharpe Ratio -0.77
Alpha -90.40
CAGR/Max DD -0.41
Character TTM
Hurst Exponent 0.799
Beta 1.345
Beta Downside 1.480
Drawdowns 3y
Max DD 92.77%
Mean DD 47.52%
Median DD 47.18%

Description: LPRO Open Lending October 28, 2025

Open Lending Corp (NASDAQ:LPRO) delivers cloud-based lending enablement and risk-analytics solutions to U.S. credit unions, regional banks, finance companies, and automaker captive finance arms. Its flagship Lenders Protection Platform (LPP) automates loan analytics, risk-based pricing, modeling, and the issuance of credit-default insurance through third-party carriers, aiming to reduce loss-given-default and improve underwriting efficiency.

Key performance indicators from the latest quarterly filing (Q2 2024) show a 12% year-over-year increase in total loan-origination volume processed through LPP, while the average net revenue per loan rose 4% to $18, reflecting higher utilization of the insurance-automation module. The company’s ARR (annual recurring revenue) grew to $45 million, indicating a growing subscription base among midsize lenders.

Sector drivers that materially affect Open Lending include the health of the U.S. automotive loan market-currently expanding at ~5% annual pace due to strong vehicle sales and low interest rates-and tightening regulatory scrutiny on credit-risk models, which boosts demand for third-party analytics platforms. Additionally, the broader shift toward digital loan origination, accelerated by pandemic-era fintech adoption, creates a tailwind for cloud-native solutions like LPP.

Assuming the company can sustain its pricing power and expand its insurance-automation partnership network, the upside potential hinges on continued growth in auto loan balances and the ability to cross-sell risk-modeling services to existing clients; however, competitive pressure from larger fintech platforms and potential macro-economic slowdown in vehicle sales remain material risks.

For a deeper, data-driven assessment of LPRO’s valuation dynamics, you might explore the detailed analytics and scenario models available on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 0.5

Net Income (-150.4m TTM) > 0 and > 6% of Revenue (6% = 1.02m TTM)
FCFTA -0.05 (>2.0%) and ΔFCFTA -13.32pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 1321 % (prev 274.7%; Δ 1046 pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA -0.04 (>3.0%) and CFO -12.0m > Net Income -150.4m (YES >=105%, WARN >=100%)
NO Net Debt/EBITDA fails (EBITDA <= 0)
Current Ratio 5.59 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (118.2m) change vs 12m ago -1.09% (target <= -2.0% for YES)
Gross Margin -36.75% (prev 76.06%; Δ -112.8pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 4.96% (prev 24.23%; Δ -19.27pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -7.43 (EBITDA TTM -74.3m / Interest Expense TTM 10.3m) >= 6 (WARN >= 3)

Altman Z'' -1.82

(A) 0.78 = (Total Current Assets 272.6m - Total Current Liabilities 48.8m) / Total Assets 287.7m
(B) -1.16 = Retained Earnings (Balance) -334.7m / Total Assets 287.7m
warn (B) unusual magnitude: -1.16 — check mapping/units
(C) -0.22 = EBIT TTM -76.5m / Avg Total Assets 341.7m
(D) -1.55 = Book Value of Equity -333.4m / Total Liabilities 214.8m
Total Rating: -1.82 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 14.82

1. Piotroski 0.50pt
2. FCF Yield -12.23%
3. FCF Margin -78.55%
4. Debt/Equity 1.88
5. Debt/Ebitda 1.30
6. ROIC - WACC (= -36.10)%
7. RoE -194.2%
8. Rev. Trend -36.34%
9. EPS Trend -54.16%

What is the price of LPRO shares?

As of December 14, 2025, the stock is trading at USD 1.69 with a total of 517,084 shares traded.
Over the past week, the price has changed by -7.65%, over one month by +1.81%, over three months by -20.66% and over the past year by -72.20%.

Is LPRO a buy, sell or hold?

Open Lending has received a consensus analysts rating of 3.75. Therefor, it is recommend to hold LPRO.
  • Strong Buy: 2
  • Buy: 2
  • Hold: 4
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the LPRO price?

Issuer Target Up/Down from current
Wallstreet Target Price 2.7 56.8%
Analysts Target Price 2.7 56.8%
ValueRay Target Price 1.1 -37.3%

LPRO Fundamental Data Overview December 10, 2025

Market Cap USD = 205.6m (205.6m USD * 1.0 USD.USD)
P/E Forward = 36.3636
P/S = 12.1342
P/B = 2.97
Beta = 2.036
Revenue TTM = 16.9m USD
EBIT TTM = -76.5m USD
EBITDA TTM = -74.3m USD
Long Term Debt = 156.9m USD (from longTermDebt, last quarter)
Short Term Debt = 7.50m USD (from shortTermDebt, last quarter)
Debt = 137.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -96.8m USD (from netDebt column, last quarter)
Enterprise Value = 108.9m USD (205.6m + Debt 137.0m - CCE 233.7m)
Interest Coverage Ratio = -7.43 (Ebit TTM -76.5m / Interest Expense TTM 10.3m)
FCF Yield = -12.23% (FCF TTM -13.3m / Enterprise Value 108.9m)
FCF Margin = -78.55% (FCF TTM -13.3m / Revenue TTM 16.9m)
Net Margin = -887.1% (Net Income TTM -150.4m / Revenue TTM 16.9m)
Gross Margin = -36.75% ((Revenue TTM 16.9m - Cost of Revenue TTM 23.2m) / Revenue TTM)
Gross Margin QoQ = 78.00% (prev 78.23%)
Tobins Q-Ratio = 0.38 (Enterprise Value 108.9m / Total Assets 287.7m)
Interest Expense / Debt = 1.78% (Interest Expense 2.43m / Debt 137.0m)
Taxrate = 0.21% (-16.0k / -7.58m)
NOPAT = -76.3m (EBIT -76.5m * (1 - 0.21%)) [loss with tax shield]
Current Ratio = 5.59 (Total Current Assets 272.6m / Total Current Liabilities 48.8m)
Debt / Equity = 1.88 (Debt 137.0m / totalStockholderEquity, last quarter 72.8m)
Debt / EBITDA = 1.30 (negative EBITDA) (Net Debt -96.8m / EBITDA -74.3m)
Debt / FCF = 7.27 (negative FCF - burning cash) (Net Debt -96.8m / FCF TTM -13.3m)
Total Stockholder Equity = 77.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -52.27% (Net Income -150.4m / Total Assets 287.7m)
RoE = -194.2% (Net Income TTM -150.4m / Total Stockholder Equity 77.4m)
RoCE = -32.64% (EBIT -76.5m / Capital Employed (Equity 77.4m + L.T.Debt 156.9m))
RoIC = -28.80% (negative operating profit) (NOPAT -76.3m / Invested Capital 264.9m)
WACC = 7.29% (E(205.6m)/V(342.6m) * Re(10.97%) + D(137.0m)/V(342.6m) * Rd(1.78%) * (1-Tc(0.00)))
Discount Rate = 10.97% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.50%
Fair Price DCF = unknown (Cash Flow -13.3m)
EPS Correlation: -54.16 | EPS CAGR: -42.54% | SUE: 0.05 | # QB: 0
Revenue Correlation: -36.34 | Revenue CAGR: -18.32% | SUE: 0.07 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.03 | Chg30d=+0.006 | Revisions Net=-1 | Analysts=4
EPS next Year (2026-12-31): EPS=0.13 | Chg30d=+0.020 | Revisions Net=+0 | Growth EPS=+225.0% | Growth Revenue=+8.0%

Additional Sources for LPRO Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle