Overview Dividends

(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

LPRO EPS (Earnings per Share)

EPS Growth (3Y CAGR): 1.78%
EPS Trend (3Y Correlation): -40.1%

LPRO Revenue

Revenue Growth (3Y CAGR): -3.72%
Revenue Trend (3Y Correlation): -25.1%

Risk via 10d forecast
Volatility	90.0%
Value at Risk 5%th	132%

Reward
Sharpe Ratio	-0.85
Alpha Jensen	-97.93

Character
Hurst Exponent	0.484
Beta	2.040

Drawdowns 3y
Max DD	92.77%
Mean DD	45.40%

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.

LPRO Stock Overview

Market Cap in USD	171m
Sub-Industry	Diversified Capital Markets
IPO / Inception	2018-03-06
Return 12m vs S&P 500	-78.6%
Analyst Rating	3.75 of 5

LPRO Dividends

Currently no dividends paid

LPRO Growth Ratios

CAGR	-38.01%
CAGR/Max DD Calmar Ratio	-0.41
CAGR/Mean DD Pain Ratio	-0.84
Current Volume	593k
Average Volume	780.5k

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 -13.22pp (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 -6.93 (EBITDA TTM -77.5m / Interest Expense TTM 10.3m) >= 6 (WARN >= 3)

Altman Z'' -1.72

(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

(D) -1.55 = Book Value of Equity -333.4m / Total Liabilities 214.8m

Total Rating: -1.72 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 25.24

1. Piotroski 0.50pt = -4.50

2. FCF Yield 32.03% = 5.0

3. FCF Margin -76.82% = -7.50

4. Debt/Equity 0.14 = 2.49

5. Debt/Ebitda 2.74 = -1.37

6. ROIC - WACC (= -40.63)% = -12.50

7. RoE -194.2% = -2.50

8. Rev. Trend -25.09% = -1.88

9. EPS Trend -40.10% = -2.01

What is the price of LPRO shares?

As of November 14, 2025, the stock is trading at USD 1.62 with a total of 593,026 shares traded.
Over the past week, the price has changed by +0.62%, over one month by -17.77%, over three months by -25.00% and over the past year by -75.68%.

Is Open Lending a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Open Lending (NASDAQ:LPRO) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 25.24 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of LPRO is around 0.85 USD . This means that LPRO is currently overvalued and has a potential downside of -47.53%.

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	2.8	71.6%
Analysts Target Price	2.8	71.6%
ValueRay Target Price	1	-38.9%

LPRO Fundamental Data Overview November 11, 2025

Market Cap USD = 171.4m (171.4m USD * 1.0 USD.USD)
P/E Forward = 36.3636
P/S = 10.1118
P/B = 3.0835
Beta = 2.04
Revenue TTM = 16.9m USD
EBIT TTM = -71.3m USD
EBITDA TTM = -77.5m USD
Long Term Debt = 160.4m USD (from longTermDebt, last fiscal year)
Short Term Debt = 7.50m USD (from shortTermDebt, last quarter)
Debt = 10.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -212.0m USD (from netDebt column, last quarter)
Enterprise Value = -40.6m USD (171.4m + Debt 10.1m - CCE 222.1m)
Interest Coverage Ratio = -6.93 (Ebit TTM -71.3m / Interest Expense TTM 10.3m)
FCF Yield = 32.03% (FCF TTM -13.0m / Enterprise Value -40.6m)
FCF Margin = -76.82% (FCF TTM -13.0m / 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 = -0.14 (set to none) (Enterprise Value -40.6m / Total Assets 287.7m)
Interest Expense / Debt = 24.05% (Interest Expense 2.43m / Debt 10.1m)
Taxrate = 0.21% (-16.0k / -7.58m)
NOPAT = -71.2m (EBIT -71.3m * (1 - 0.21%)) [loss with tax shield]
Current Ratio = 5.59 (Total Current Assets 272.6m / Total Current Liabilities 48.8m)
Debt / Equity = 0.14 (Debt 10.1m / totalStockholderEquity, last quarter 72.8m)
Debt / EBITDA = 2.74 (negative EBITDA) (Net Debt -212.0m / EBITDA -77.5m)
Debt / FCF = 16.29 (negative FCF - burning cash) (Net Debt -212.0m / FCF TTM -13.0m)
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 = -29.98% (EBIT -71.3m / Capital Employed (Equity 77.4m + L.T.Debt 160.4m))
RoIC = -26.51% (negative operating profit) (NOPAT -71.2m / Invested Capital 268.4m)
WACC = 14.11% (E(171.4m)/V(181.5m) * Re(13.53%) + D(10.1m)/V(181.5m) * Rd(24.05%) * (1-Tc(0.00)))
Discount Rate = 13.53% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.50%
Fair Price DCF = unknown (Cash Flow -13.0m)
EPS Correlation: -40.10 | EPS CAGR: 1.78% | SUE: 0.05 | # QB: 0
Revenue Correlation: -25.09 | Revenue CAGR: -3.72% | SUE: 0.07 | # QB: 0

Additional Sources for LPRO Stock

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