AUSTIN, Texas, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), a leading provider of automotive lending enablement and risk analytics solutions for financial institutions, today announced the appointment of Anthony Capizzano as Chief Growth Officer, effective January 5, 2026. In this role, Capizzano will be responsible for advancing Open Lending’s growth strategy and supporting the Company’s ongoing focus on serving lenders nationwide. Capizzano b ...

Core Viewpoint - Open Lending Corporation plans to release its third quarter 2025 financial results on November 6, 2025, after market close, followed by a conference call to discuss these results [1]. Company Information - 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 been in operation for 25 years, focusing on 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 using specific dialing instructions [2]. - An archive of the webcast will be accessible shortly after the call concludes [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 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].