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 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].