Open Lending Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $93.2M | $24.0M | $117.5M | $179.6M | $215.7M |
| Research and development | $8.8M | $4.5M | $5.6M | $8.2M | $4.4M |
| Operating expenses | $76.7M | $65.5M | $66.1M | $62.0M | $46.7M |
| Operating income | -$5.0M | -$65.4M | $29.1M | $97.6M | $150.3M |
| Interest expense | $9.7M | $11.3M | $10.7M | $5.8M | $5.9M |
| Pretax income | -$5.4M | -$64.6M | $28.9M | $93.5M | $191.2M |
| Income tax expense | -$1.1M | $70.4M | $6.8M | $26.9M | $45.1M |
| Net income | -$4.2M | -$135.0M | $22.1M | $66.6M | $146.1M |
| Balance Sheet | |||||
| Cash and equivalents | $176.6M | $243.2M | $240.2M | $204.4M | $116.5M |
| Current assets | $222.7M | $275.7M | $289.9M | $280.7M | $202.8M |
| Total assets | $236.7M | $296.4M | $374.0M | $379.6M | $318.8M |
| Current liabilities | $49.3M | $47.3M | $20.6M | $15.1M | $12.1M |
| Total liabilities | $161.7M | $218.3M | $168.5M | $166.8M | $159.8M |
| Total debt | $85.1M | $140.6M | $145.3M | $149.1M | $147.7M |
| Stockholders' equity | $75.0M | $78.1M | $205.6M | $212.8M | $159.0M |
| Cash Flow Statement | |||||
| Cash from operations | -$3.2M | $17.6M | $82.7M | $107.4M | $95.2M |
| Depreciation and amortization | $2.4M | $1.7M | $1.2M | $915,000 | $525,000 |
| Stock-based compensation | $7.0M | $8.7M | $9.5M | $5.4M | $3.8M |
| Capital expenditure | $56,000 | $165,000 | $123,000 | $238,000 | $111,000 |
| Free cash flow | -$3.2M | $17.4M | $82.5M | $107.2M | $95.0M |
| Dividends paid | — | — | — | $0 | $0 |
| Share repurchases | $4.9M | $0 | $37.3M | $18.0M | $20.0M |
Shares outstanding 118.2M · Free float 56.5%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.