UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-39326 OPEN LENDING CORPORATION (Exact Name of Registrant as Specified in its Charter) Indicate by ch ...

Open Lending (LPRO) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -50.00%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.01, delivering no surprise.Over the last four quarters, the company has not bee ...

Financial Data and Key Metrics Changes - The company facilitated 26,522 certified loans in Q2 2025, down from 28,963 in Q2 2024 and 27,638 in Q1 2025, attributed to seasonality and tightened lending standards [10][25] - Total revenue for Q2 2025 was $25.3 million, including an $8.3 million reduction in estimated profit share revenue associated with new originations [25][26] - Operating expenses increased to $18.6 million in Q2 2025 from $17 million in Q2 2024, representing a 9% year-over-year increase [28][29] - Net income for Q2 2025 was $1 million compared to $2.9 million in Q2 2024, with diluted net income per share at $0.01 versus $0.02 in the prior year [29][30] Business Line Data and Key Metrics Changes - Program fee revenues were $14.9 million, profit share revenue was $8 million, and claims administration fee and other revenue was $2.4 million in Q2 2025 [26] - Profit share revenue associated with new originations was $7.7 million or $289 per certified loan, down from $16 million or $552 per certified loan in Q2 2024 [27] Market Data and Key Metrics Changes - The total assets of the company at the end of Q2 2025 were $296.7 million, with $230.7 million in unrestricted cash [30] - The total loan growth in federally insured credit unions saw a year-over-year increase of 3.64% [22] Company Strategy and Development Direction - The company is focusing on four strategic priorities: profitable unit economics, improved customer retention, streamlined operations, and a culture of accountability [5][21] - The company aims to transition to an expense structure supported by program and TPA fees by 2026, targeting profitability based on profit share components [19][33] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's direction, indicating that 2026 will demonstrate the full financial impact of current initiatives [4][32] - The company is actively monitoring credit union health and macroeconomic conditions to identify growth opportunities [21][22] Other Important Information - The company announced the early extension of its agreement with AmTrust, reflecting strong partnership confidence [7][33] - Massimo Monaco was appointed as the new CFO, effective August 18, 2025, bringing over two decades of experience in lending and financial services [23][24] Q&A Session Summary Question: What drove the early extension with AmTrust? - Management indicated that AmTrust approached the company for the extension, signaling strong partnership support [36][37] Question: Is the positive profit share CIE a sign that negative adjustments are behind? - Management noted that while there are always minor fluctuations, the positive adjustment is a good sign, supported by lower claim frequencies and increased used vehicle values [39][40] Question: What factors are affecting the Q3 certified loan guidance? - Management explained that the decrease in OEM business due to tighter underwriting standards is a significant factor, while credit union demand remains strong [42][43]

Earnings Supplement While we anticipate volumes to remain relatively stable through the second half of 2025, we believe we are well positioned for renewed growth in 2026 with improved underwriting and pricing actions. Our CU/Bank channel loans typically have higher program fees compared to our OEM loans, which leads to more favorable economics. Q2 2025 Q2 2025 Financial Highlights Q2 2025 Q2 2024 Revenue $25.3 million $26.7 million Adj. EBITDA1 $4.1 million $6.8 million Total Certs 26,522 28,963 (1) See rec ...

Exhibit 99.1 Open Lending Reports Second Quarter 2025 Financial Results AUSTIN, Texas, August 6, 2025 – Open Lending Corporation (Nasdaq: LPRO) (the "Company" or "Open Lending"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its second quarter ended June 30, 2025. "I am pleased with our progress as the team executes against our strategy to increase profitability and reduce volatility in our unit economics, to impro ...

Core Viewpoint - Open Lending Corporation reported its financial results for the second quarter of 2025, highlighting a focus on increasing profitability, reducing volatility, and improving customer retention while maintaining strong relationships with partners like AmTrust [2][10]. Financial Performance - Total certified loans facilitated in Q2 2025 were 26,522, a decrease from 28,963 in Q2 2024 [10]. - Total revenue for Q2 2025 was $25.3 million, down from $26.7 million in Q2 2024 [10]. - Gross profit for Q2 2025 was $19.8 million, compared to $21.0 million in Q2 2024 [10]. - Net income for Q2 2025 was $1.0 million, down from $2.9 million in Q2 2024 [10]. - Adjusted EBITDA for Q2 2025 was $4.1 million, compared to $6.8 million in Q2 2024 [10]. Share Repurchase Program - The Board of Directors authorized a share repurchase program on May 1, 2025, allowing the company to repurchase up to $25.0 million of its outstanding common stock until May 1, 2026 [8]. - During Q2 2025, the company repurchased 1,971,369 shares at an average price of $2.00 per share, totaling $4.0 million [9]. Third Quarter Outlook - For Q3 2025, the company expects total certified loans to be between 22,500 and 24,500 [5]. Non-GAAP Financial Measures - Adjusted EBITDA is defined as GAAP net income excluding interest expense, interest income, income tax expense, depreciation and amortization expense, and share-based compensation expense [15]. - The adjusted EBITDA margin for Q2 2025 was 16.2%, down from 25.3% in Q2 2024 [26].

Core Viewpoint - Open Lending Corporation has announced an early extension of its producer agreement with AmTrust North America, extending the partnership through 2033, which reflects the strength and value of their long-standing collaboration [1][2]. Company Overview - Open Lending Corporation specializes in automotive lending enablement and risk analytics solutions for financial institutions, providing loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders across the United States [1][3]. - The company has been empowering financial institutions for over 20 years to create profitable auto loan portfolios with reduced risk and increased rewards [3]. Partnership Details - The agreement with AmTrust, which was originally set to expire in 2028, is significant as AmTrust is Open Lending's largest and longest-standing partner, providing insurance coverage to credit unions [1][2]. - The extension of the agreement is seen as a testament to the value AmTrust places on Open Lending's Lender's Protection™ Program and the overall partnership [2]. Leadership Statements - Barry Zyskind, Chairman and CEO of AmTrust, expressed enthusiasm about the extension, highlighting the innovative and technology-driven nature of Open Lending's business [2]. - Jessica Buss, Chairman and CEO of Open Lending, emphasized the importance of the partnership in securing credit capacity and generating profitable business [2].

Core Insights - Open Lending Corporation has appointed Massimo Monaco as Chief Financial Officer, effective August 18, 2025, to drive the next phase of growth [1][3] - Mr. Monaco has over two decades of experience in executive finance leadership within the residential mortgage lending and financial services sectors [2] - The company aims to leverage Mr. Monaco's expertise to enhance its strategic vision and continue growth across its platform [3] Company Overview - Open Lending provides loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders in the United States [4] - The company has been empowering financial institutions for over 20 years to create profitable auto loan portfolios with reduced risk and increased rewards [4]

Core Viewpoint - Open Lending Corporation is set to release its second quarter 2025 financial results on August 6, 2025, after market close, followed by a conference call to discuss these results [1]. Company Overview - Open Lending (NASDAQ: LPRO) specializes in providing loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders across the United States [3]. - The company has over 20 years of experience in empowering financial institutions to develop profitable auto loan portfolios with reduced risk and increased rewards [3]. Conference Call Details - The conference call will be available via live webcast on the company's investor relations website and can also be accessed by phone [2]. - The call is scheduled for August 6, 2025, at 5:00 PM ET [1].

Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of Open Lending Corporation, following allegations of misrepresentation and failure to disclose critical financial information [1][2]. Group 1: Allegations of Misrepresentation - Insiders at Open Lending allegedly caused the company to misrepresent or fail to disclose key aspects of its financial health, including risk-based pricing models and profit share revenue [2]. - The company reportedly failed to disclose that its 2021 and 2022 vintage loans had significantly decreased in value compared to their outstanding loan balances [2]. - There are claims regarding the underperformance of the company's 2023 and 2024 vintage loans, which contributed to misleading positive statements about the company's business and prospects [2]. Group 2: Legal Action and Shareholder Rights - Kuehn Law is reaching out to shareholders who purchased LPRO shares prior to February 24, 2022, to inform them of their potential rights and the limited time available to enforce those rights [3]. - The firm emphasizes the importance of shareholder participation in maintaining the integrity of financial markets [4].