8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $93M | -$4M | 76.9% | -5.4% | -$3M | $85M | $177M |
| 2024 | $24M | -$135M | 0.7% | -272.1% | $17M | $140M | $243M |
| 2023 | $117M | $22M | 81.0% | 24.8% | $83M | $144M | $240M |
| 2022 | $180M | $67M | 88.9% | 54.4% | $107M | $147M | $204M |
| 2021 | $216M | $146M | 91.4% | 69.7% | $95M | $146M | $116M |
| 2020 | $109M | -$98M | 91.0% | 52.1% | $23M | $158M | $102M |
| 2019 | $93M | $63M | 91.6% | 67.4% | $42M | — | $8M |
| 2018 | $52M | $28M | 91.2% | 54.6% | $28M | — | $11M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $20M | -$460000 | 76.3% | -3.1% | -$764000 | $83M | $173M |
| Dec '25 | $19M | $2M | 76.0% | 3.9% | $5M | $85M | $177M |
| Sep '25 | $24M | -$8M | 78.0% | -31.9% | -$6M | $134M | $222M |
| Jun '25 | $25M | $1M | 78.2% | 4.6% | $837000 | $136M | $231M |
| Mar '25 | $24M | $617000 | 75.1% | 3.1% | -$4M | $138M | $236M |
| Dec '24 | -$57M | -$144M | 111.0% | 138.0% | -$3M | $140M | $243M |
| Sep '24 | $23M | $1M | 73.9% | 7.9% | $11M | $142M | $250M |
| Jun '24 | $27M | $3M | 78.6% | 14.9% | -$1M | $143M | $248M |
| Mar '24 | $31M | $5M | 81.3% | 23.8% | $11M | $143M | $247M |
| Dec '23 | $15M | -$5M | 64.1% | -55.4% | $17M | $144M | $240M |
| Sep '23 | $26M | $3M | 79.4% | 17.4% | $20M | $145M | $233M |
| Jun '23 | $38M | $11M | 84.0% | 41.2% | $16M | $146M | $224M |
| Mar '23 | $38M | $13M | 85.8% | 44.6% | $29M | $147M | $211M |
| Dec '22 | $27M | -$4M | 81.7% | 17.8% | $22M | $147M | $204M |
| Sep '22 | $51M | $25M | 89.7% | 54.9% | $31M | $148M | $202M |
| Jun '22 | $52M | $23M | 90.2% | 63.0% | $22M | $145M | $168M |
| Mar '22 | $50M | $23M | 90.4% | 64.4% | $32M | $146M | $147M |
| Dec '21 | $52M | $28M | 90.8% | 68.2% | $27M | $146M | $116M |
| Sep '21 | $59M | $29M | 89.2% | 69.2% | $34M | $147M | $91M |
| Jun '21 | $61M | $76M | 93.2% | 73.4% | $13M | $148M | $57M |
How the market has priced LPRO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Open Lending Corp's revenue has declined 3.1% per year. These are computed facts, not advice.
As of FY2025, Open Lending Corp reported $85M of total debt against $177M of cash; operating income covered interest expense -0.5×.
In FY2025, gross margin was 76.9%, operating margin -5.4%, and net margin -4.5%.
As of Jun '26, Open Lending Corp traded at a price-to-earnings ratio of about 34.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.