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 Insights - Open Lending Corporation has appointed Abhijit "Abhi" Chaudhary to its Board of Directors as a Class I director, effective November 21, 2025, replacing Gene Yoon [1] - Mr. Chaudhary brings over 20 years of experience in product strategy for growth-oriented financial services, currently serving as Executive Vice President at Mastercard [2] - The CEO of Open Lending, Jessica Buss, expressed that Mr. Chaudhary's experience in scaling disruptive technology will provide valuable insights to the Board [3] Company Overview - Open Lending Corporation provides lending enablement and risk analytics solutions for financial institutions, focusing on loan analytics, risk-based pricing, risk modeling, and default insurance for auto lenders in the U.S. [4] - The company has been empowering financial institutions for 25 years to create profitable auto loan portfolios with reduced risk and increased rewards [4]

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 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 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]