Open Lending (LPRO) came out with quarterly earnings of $0.01 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced a loss of $0.49, delivering a surprise of -2,550%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Open Lending, which belongs ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $24.4 million, which includes a $900,000 reduction in estimated profit share revenue due to changes in estimates related to historical vintages [22][26] - Net income for Q1 2025 was $600,000, down from $5.1 million in Q1 2024, with diluted income per share of $0.01 compared to $0.04 in the prior year [26] - Adjusted EBITDA for Q1 2025 was $5.7 million, compared to $12.5 million in Q1 2024 [26] Business Line Data and Key Metrics Changes - The company facilitated 27,638 certified loans in Q1 2025, a slight decrease from 28,189 certified loans in Q1 2024 [21] - Profit share revenue associated with new originations was $7.7 million in Q1 2025, down from $15 million in Q1 2024, reflecting a decrease in unit economics per certified loan [24] Market Data and Key Metrics Changes - The credit union environment is improving, with loan-to-share ratios decreasing to 81.8% and share growth increasing by 40% quarter-over-quarter to 6.4% [33] - There was a 15% increase in originations from credit unions in Q1 2025, indicating a positive trend in the market [36] Company Strategy and Development Direction - The company aims to increase profitability of its insurance offering while reducing volatility in profit share revenue through improved risk segmentation and dynamic pricing [11] - A $25 million stock repurchase program has been authorized, reflecting the belief that the company's stock is undervalued [18] - The company is focused on operational excellence, including a 10% reduction in headcount and streamlining costs while investing in key insurance roles [13][14] Management's Comments on Operating Environment and Future Outlook - Management is closely monitoring the macro environment, including potential impacts from tariffs and used car prices, and believes they are better positioned to react to changes [32][33] - The outlook for Q2 2025 expects total certified loans to be between $25.5 million and $27.5 million [21] Other Important Information - The company has a strong balance sheet with $236 million in unrestricted cash, providing financial flexibility [9][28] - The management team is committed to transparency regarding profit share components and has made significant progress in addressing customer retention [17][28] Q&A Session Summary Question: How do tariffs affect deal structuring? - Management views the increase in the Manheim index positively, as it may increase collateral values, and is implementing a 10% rate increase in anticipation of rising costs [32][33] Question: What drove the $900,000 revision in the CIA score? - The revision was primarily driven by claims and frequency from the 2021 and 2022 vintages, with expectations of variances quarter to quarter [44][45] Question: How conservative is the profit share estimate? - The profit share is booked at a 72.5% loss ratio, with expectations that it could perform closer to a 65% loss ratio based on pricing actions and book mix shifts [46][48]

Q1 2025 Q1 2025 Financial Highlights Q1 2025 Q1 2024 Revenue $24.4 million $30.7 million Adj. EBITDA1 $5.7 million $12.5 million Total Certs 27,638 28,189 (1) See reconciliation of GAAP to non-GAAP financial measures on page 5 2 23, 159, 221 149, 201, 61 20, 83, 150 Earnings Supplement 3, 102, 170 146, 192, 219 166, 166, 166 Key Performance Indicators | | | | Three Months Ended March 31, | | | --- | --- | --- | --- | --- | | | | 2025 | | 2024 | | Certs | | | | | | Credit Union & Bank | | 24,215 | | 21,078 | ...

Exhibit 99.1 Open Lending Reports First Quarter 2025 Financial Results AUSTIN, Texas, May 7, 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 first quarter ended March 31, 2025. "I believe in Open Lending's business model, our value proposition to our customers, and the team's ability to execute on our plan going forward," said Jessi ...

Core Insights - Open Lending Corporation reported its financial results for the first quarter ended March 31, 2025, highlighting a decrease in total revenue and net income compared to the same period in 2024 [1][9]. Financial Performance - The company facilitated 27,638 certified loans in Q1 2025, a slight decrease from 28,189 certified loans in Q1 2024 [9]. - Total revenue for Q1 2025 was $24.4 million, down from $30.7 million in Q1 2024, primarily due to a $7.4 million decrease in estimated profit share revenue from new originations [9]. - Gross profit decreased to $18.3 million in Q1 2025 from $25.0 million in Q1 2024 [9]. - Net income for Q1 2025 was $0.6 million, compared to $5.1 million in Q1 2024 [9]. - Adjusted EBITDA was $5.7 million in Q1 2025, down from $12.5 million in Q1 2024, with an adjusted EBITDA margin of 23% compared to 41% in the previous year [9][23]. Strategic Initiatives - The CEO expressed confidence in the company's business model and its ability to enhance lender profitability through new loan measures and refined pricing strategies [2][3]. - The Board of Directors authorized a $25 million share repurchase program, allowing the company to repurchase its common stock until May 1, 2026 [3][8]. Outlook - For the second quarter of 2025, the company expects total certified loans to be between 25,500 and 27,500 [5].

NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Open Lending Corporation (NASDAQ: LPRO). Shareholders who purchased shares of LPRO during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/open-lending-corporation-loss-submission-form/?id=147130&from=3 CLASS PERI ...

Core Viewpoint - Open Lending Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements regarding its financial performance and risk analytics solutions [1][3]. Company Overview - Open Lending provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers [2]. Allegations - The lawsuit alleges that Open Lending misrepresented the capabilities of its risk-based pricing model and issued materially misleading statements regarding its profit share revenue [3]. - It is claimed that Open Lending failed to disclose that its 2021 and 2022 vintage loans had significantly decreased in value compared to their outstanding loan balances [3]. - The underperformance of Open Lending's 2023 and 2024 vintage loans was also allegedly misrepresented [3]. Financial Disclosures - On March 17, 2025, Open Lending announced it would be unable to timely file its Annual Report for 2024, leading to a stock price drop of over 9% [4]. - The financial results for Q4 and full year 2024 revealed a quarterly revenue of negative $56.9 million, attributed to an $81.3 million reduction in estimated profit share revenues due to heightened delinquencies and defaults on loans from 2021 to 2024 [5]. - Open Lending reported a net loss of $144 million, impacted by an $86.1 million valuation allowance on deferred tax assets, which increased its income tax expense [5]. - Following these disclosures, Open Lending's stock price fell nearly 58% [5]. Legal Process - Investors who purchased Open Lending securities during the class period can seek appointment as lead plaintiff in the class action lawsuit, representing the interests of all class members [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7].

Core Viewpoint - A securities class action lawsuit has been filed against Open Lending Corporation for misrepresentation and failure to disclose significant financial issues during the class period from February 24, 2022, to March 31, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Open Lending securities during the specified class period [1][2]. - Investors have until June 30, 2025, to seek appointment as lead plaintiff representative of the class [2]. Group 2: Allegations Against the Company - The complaint alleges that Open Lending misrepresented its risk-based pricing models and profit share revenue [3]. - It is claimed that the company failed to disclose that its 2021 and 2022 vintage loans were worth significantly less than their outstanding balances [3]. - The underperformance of the company's 2023 and 2024 vintage loans was also misrepresented [3]. Group 3: Financial Impact and Company Response - On March 17, 2025, Open Lending announced it would delay its Annual Report for 2024, leading to a 9% drop in share price to $3.91 [4]. - The company reported a quarterly revenue of negative $56.9 million for Q4 2024, primarily due to an $81.3 million reduction in estimated profit share revenues linked to historic vintages [5]. - Contributing factors included deterioration of 2021 and 2022 vintages, underperformance of 2023 and 2024 vintages, and elevated delinquencies and defaults [5]. - Following the financial disclosure, the share price plummeted by 57% to close at $1.17 on April 1, 2025 [6].

LOS ANGELES, May 6, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Open Lending Corporation ("Open Lending" or "the Company") (NASDAQ: LPRO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between February 24, 2022 and March 31, 2025, inclusive (the "Class ...

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Western District of Texas on behalf of those who acquired Open Lending Corporation ("Open Lending" or the "Company") (NASDAQ:LPRO) securities during the period from February 24, 2022, through March 31, 2025 ("the Class Period"). Investors have until June 30, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit. [LEARN M ...