LOS ANGELES, April 2, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Open Lending Corporation ("Open Lending" or "the Company") (NASDAQ: LPRO) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Open Lending released its Q4 and full year 2024 financial results on ...

Anyone who purchased Open Lending Corp. common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more. What is Block & Leviton doing? BOSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Open Lending Corp. (NASDAQ:LPRO) for potential securities law violations. Investors who have lost money in their Open Lending Corp. investment should contact the firm to learn more about how they migh ...

What should you do next? If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at shareholders@blockleviton.com, or by phone at (888) 256-2510. BOSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Open Lending Corp. (Nasdaq: LPRO) for potential securities law violations. Investors who have lost money in their Open Lending Corp. investment should contact the firm to learn more about how they might recover those losses. ...

BOSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Berman Tabacco announces that it is investigating potential securities law violations by Open Lending Corporation ("Open Lending" or the "Company") (NASDAQ:LPRO). If you would like more information concerning our investigation, please click here: Shareholder Contact | Berman Tabacco or contact us at 800-516-9926 or law@bermantabacco.com. About the Investigation On March 17, 2025, Bloomberg reported, "Open Lending shares fall as much as 10% to a record low after the ...

SAN DIEGO, April 01, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating whether Open Lending Corporation (NASDAQ: LPRO) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws. Achievements: In 2024, Johnson Fistel was honored to be ranked in the Top 10 Plaintiff Law Firms by the ISS Securities Class ...

Financial Data and Key Metrics Changes - For fiscal year 2024, the company generated 110,652 certified loans, $24 million in revenue, and adjusted EBITDA of negative $42.9 million, largely due to fourth quarter results and the impact of a negative change in estimate [10][41] - Total revenue for Q4 2024 was negative $56.9 million, which includes a negative change in estimate of $81.3 million associated with profit share revenue [36][39] - Net loss for Q4 2024 was $144.4 million, compared to a net loss of $4.8 million in Q4 2023, with net loss per share at $1.21 compared to a net loss of $0.04 per share in the prior year [39][40] Business Line Data and Key Metrics Changes - The company facilitated 26,065 certified loans in Q4 2024, a slight decrease from 26,263 certified loans in Q4 2023 [35] - Profit share revenue in Q4 2024 associated with new originations was $8.2 million or $314 per certified loan, compared to $13.2 million or $501 per certified loan in Q4 2023 [38] Market Data and Key Metrics Changes - The Mannheim Used Vehicle Value Index (MOVIE) declined from 257.7% in late 2021 to 204.1% as of February 2025, representing a more than 20% decline in used vehicle values over the past three to four years [12][13] - The company observed an increase in 60-plus day delinquencies in Q4 2024, particularly from the 2021 and 2022 vintages [14] Company Strategy and Development Direction - The company is focused on strategic efforts to drive new customer acquisitions and certified loan growth while optimizing profitability for lenders and insurance partners [6][25] - Management plans to implement a sophisticated, segmented, and real-time data-driven pricing model to enhance predictability of profit share revenue [33][34] - The company aims to reduce the mix of borrowers with credit builder trade lines from approximately 15% in fiscal 2024 to under 5% in fiscal 2025 [23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macroeconomic environment and the need for credit tightening and pricing adjustments to drive revenue [42] - The outlook for Q1 2025 expects total certified loans to be between 27,000 and 28,000, indicating a sequential increase from Q4 2024 [26] Other Important Information - The company announced a leadership change, with Jessica Buss becoming the new CEO, focusing on profitable unit economics and growth [27][30] - The company has signed 58 new customers in 2024 for its Lenders Protection Program, indicating strong market interest [25] Q&A Session Summary Question: Overview of Open Lending's situation from an insurance perspective - Management emphasized the need for a more insurance-like approach to pricing and operations to enhance profitability and reduce volatility [52][53] Question: Infrastructure and investment needed for changes - Management indicated that existing infrastructure is adequate, but improvements in data collection and predictive modeling are necessary [60][63] Question: Impact of credit builder trade lines on addressable market - Management noted that credit builder trade lines represented a small portion of the business and corrective actions have been taken to minimize their impact [78] Question: Insurance carriers' capacity and profitability - Management confirmed that insurance carriers have ample capacity to support future growth and that their long-term profitability remains strong [90][102] Question: Profit share per certified loan and future expectations - Management indicated that the current profit share per certified loan is constrained at around $300, with expectations to return to historical levels as performance improves [104][106] Question: Effects of tariffs on used car prices and affordability - Management noted that tariffs could positively impact the back book by increasing collateral prices but acknowledged the need for careful pricing adjustments to avoid future volatility [109]

Financial Data and Key Metrics Changes - For fiscal year 2024, the company generated 110,652 certified loans, $24 million in revenue, and adjusted EBITDA of negative $42.9 million, largely due to fourth quarter results and the impact of a negative change in estimate [10][41] - Total revenue for the fourth quarter of 2024 was negative $56.9 million, which includes a negative change in estimate of $81.3 million associated with profit share [36][39] - Net loss for the fourth quarter of 2024 was $144.4 million, compared to a net loss of $4.8 million in the fourth quarter of 2023 [39] Business Line Data and Key Metrics Changes - The company facilitated 26,065 certified loans in the fourth quarter of 2024 compared to 26,263 certified loans in the fourth quarter of 2023 [35] - Profit share revenue in the fourth quarter of 2024 associated with new originations was $8.2 million or $314 per certified loan, compared to $13.2 million or $501 per certified loan in the fourth quarter of 2023 [38] Market Data and Key Metrics Changes - The Mannheim Used Vehicle Value Index (MOVIE) declined from 257.7% in late 2021 to 204.1% as of February 2025, representing a more than 20% decline in used vehicle values over the past three to four years [12] - The company observed an increase in 60-plus day delinquencies in the fourth quarter of 2024 from historical vintages, indicating a deterioration in loan performance [14] Company Strategy and Development Direction - The company is focused on strategic efforts to drive new customer acquisitions and certified loan growth while optimizing profitability for lenders and insurance partners [6][25] - Management plans to implement a sophisticated, segmented, and real-time data-driven pricing model to enhance predictability of profit share revenue [33] - The company aims to reduce the mix of borrowers with credit builder trade lines from approximately 15% in fiscal 2024 to under 5% in fiscal 2025 [23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macroeconomic environment and the need for further credit tightening and pricing adjustments to drive revenue [42] - The company expects total certified loans to be between 27,000 and 28,000 in the first quarter of 2025, indicating a sequential increase from the fourth quarter of 2024 [26] Other Important Information - The company announced a leadership change, with Jessica Buss named as the new CEO, focusing on profitable unit economics and growth [27][30] - The company recorded a valuation allowance on all deferred tax assets of $86.1 million, increasing income tax expense [39] Q&A Session Summary Question: Overview of Open Lending's situation from an insurance perspective - Management emphasized the need for an insurance-type approach to pricing and operations to enhance profitability and reduce volatility [52][53] Question: Infrastructure and investment needed for changes - Management indicated that the existing infrastructure is solid, but improvements in data collection and predictive modeling are necessary [60][62] Question: Impact of credit builder trade lines on addressable market - Management noted that credit builder trade lines accounted for 30% of 2024 volume, but corrective actions have been taken to minimize their impact [77][80] Question: Insurance carriers' capacity and profitability - Management confirmed that the insurance carriers have ample capacity to support future growth and that their long-term profitability remains strong [90][102] Question: Profit share per certified loan and future expectations - Management indicated that the current profit share per certified loan is constrained at around $300, with expectations to return to historical levels as corrective actions take effect [104][106]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 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) | Delaware | | | 84 ...

Exhibit 99.1 Open Lending Reports Fourth Quarter and Full Year 2024 Financial Results AUSTIN, Texas, March 31, 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 fourth quarter and full year ended December 31, 2024. In a separate press release today, the Company announced that its Board of Directors (the "Board") has appointed Jessica ...

AUSTIN, Texas, March 31, 2025 (GLOBE NEWSWIRE) -- 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 fourth quarter and full year ended December 31, 2024. Each quarter, the Company evaluates and updates its profit share revenue forecast and makes adjustments to its profit share revenue and related contract assets accordingly. Following this e ...