Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

Form 8-K

sec.gov

8-K — Open Lending Corp

Accession: 0001806201-26-000036

Filed: 2026-05-07

Period: 2026-05-07

CIK: 0001806201

SIC: 6141 (PERSONAL CREDIT INSTITUTIONS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — lpro-20260507.htm (Primary)

EX-99.1 (lpro-20260331xex991.htm)

EX-99.2 (lpro1q26earningssuppleme.htm)

GRAPHIC (lpro-20260507_g1.jpg)

GRAPHIC (lpro1q26earningssuppleme001.jpg)

GRAPHIC (lpro1q26earningssuppleme002.jpg)

GRAPHIC (lpro1q26earningssuppleme003.jpg)

GRAPHIC (lpro1q26earningssuppleme004.jpg)

GRAPHIC (lpro1q26earningssuppleme005.jpg)

GRAPHIC (lpro1q26earningssuppleme006.jpg)

GRAPHIC (lpro1q26earningssuppleme007.jpg)

GRAPHIC (lpro1q26earningssuppleme008.jpg)

GRAPHIC (lpro1q26earningssuppleme009.jpg)

GRAPHIC (openlendinglogo.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: lpro-20260507.htm · Sequence: 1

lpro-20260507

0001806201false00018062012026-05-072026-05-07

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 7, 2026

OPEN LENDING CORPORATION

(Exact name of registrant as specified in its charter)

Delaware 001-39326 84-5031428

(State or other jurisdiction

of incorporation) (Commission

File Number) (IRS Employer

Identification No.)

1501 S. MoPac Expressway

Suite 450

Austin, Texas 78746

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: 512-892-0400

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading

Symbol(s) Name of each exchange

on which registered

Common stock, par value $0.01 per share LPRO The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).    Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02 Results of Operations and Financial Condition.

On May 7, 2026, Open Lending Corporation (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended March 31, 2026. A copy of the press release and additional supplemental financial information are attached as Exhibits 99.1 and 99.2, respectively, to this Current Report on Form 8-K and are incorporated by reference herein.

The information furnished under this Item 2.02 and in the accompanying Exhibits 99.1 and 99.2 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d)    Exhibits

99.1

Earnings Release, dated May 7, 2026

99.2

Earnings Supplement Q1 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

OPEN LENDING CORPORATION

By:   /s/ Massimo Monaco

Name:   Massimo Monaco

Title:   Chief Financial Officer

Date: May 7, 2026

2

EX-99.1

EX-99.1

Filename: lpro-20260331xex991.htm · Sequence: 2

Document

Exhibit 99.1

Open Lending Reports First Quarter 2026 Financial Results

AUSTIN, Texas, May 7, 2026 – Open Lending Corporation (Nasdaq: LPRO) (the “Company” or “Open Lending”), a leading provider of lending enablement and risk analytics solutions for financial institutions, today reported financial results for its first quarter ended March 31, 2026.

“We delivered solid execution in the first quarter, which represents another positive step in our transformation and reinforces the deliberate actions we have taken to build a fundamentally healthier and more profitable business,” said Jessica Buss, Chief Executive Officer of Open Lending. “We exceeded the high end of our certified loan guidance for the first quarter while improving the quality and mix of our certified loans.

“In addition, we continue to make solid progress on our key strategic initiatives, including Project Red Rocks and ApexOne Auto. With healthy application volumes combined with what we believe is the highest-quality portfolio we have seen in years, we believe we are well positioned to deliver sustainable, profitable growth for our shareholders in 2026 and beyond.”

Three Months Ended March 31, 2026 Highlights

•The Company facilitated 21,064 certified loans during the first quarter of 2026, compared to 27,638 certified loans in the first quarter of 2025.

•Total revenue was $20.5 million during the first quarter of 2026, compared to $24.4 million in the first quarter of 2025. The first quarter of 2026 was impacted by a $0.7 million reduction in estimated profit share revenues related to business in historic vintages as compared to a $0.9 million reduction in the first quarter of 2025.

•Gross profit was $15.6 million during the first quarter of 2026, compared to $18.3 million in the first quarter of 2025.

•Net loss was $0.5 million during the first quarter of 2026, compared to net income of $0.6 million in the first quarter of 2025.

•Adjusted EBITDA was $2.0 million during the first quarter of 2026, compared to $3.2 million in the first quarter of 2025.

Adjusted EBITDA is a non-GAAP financial measure. A reconciliation of this non-GAAP financial measure to its most directly comparable GAAP financial measure is provided in the financial table included at the end of this press release. An explanation of this measure and how it is calculated is also included under the heading “Non-GAAP Financial Measures.”

Business Highlights

•Credit unions and banks represented 19,000, or 90.2%, of certified loans in the first quarter of 2026, compared to 24,215, or 87.6%, in the first quarter of 2025.

•Average profit share revenue per certified loan was $363 in the first quarter of 2026, compared to $278 in the first quarter of 2025.

•Average program fee revenue per certified loan was $538 in the first quarter of 2026, compared to $550 in the first quarter of 2025.

Financial Outlook

The Company is currently providing the following financial outlook for the second quarter and full year 2026:

•Total certified loans expected to be between 22,000 and 25,000 for the second quarter of 2026.

•Total certified loans expected to be between 100,000 and 110,000 for the full year 2026.

•Adjusted EBITDA expected to be between $25 to $29 million for the full year 2026.

The guidance provided includes forward-looking statements within the meaning of U.S. securities laws. See “Forward-Looking Statements” below.

Open Lending will host a conference call to discuss the first quarter financial results on May 7, 2026 at 5:00 pm ET. The conference call will be webcast live from the Company's investor relations website at https://investors.openlending.com/ under the “Events” section. The conference call can also be accessed live over the phone by dialing (800) 343-5172, or for international callers (203) 518-9856. An archive of the webcast will be available at the same location on the website shortly after the call has concluded.

Share Repurchase Program Extension

On April 30, 2026, the Board of Directors increased the maximum aggregate amount of our previously authorized share repurchase program allowing the Company to repurchase shares of the Company’s outstanding common stock (the “Share Repurchase Program”) from $25.0 million to $50.0 million and extended the expiration date of the Share Repurchase Program from May 1, 2026 to May 1, 2027. Repurchases may be made at management’s discretion from time to time on the open market. The Share Repurchase Program may be suspended, amended, or discontinued at any time. As of March 31, 2026, we had $20.1 million available under the Share Repurchase Program.

About Open Lending

Open Lending (Nasdaq: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. For 25 years, we have been empowering financial institutions to create profitable auto loan portfolios with less risk and more reward. For more information, please visit www.openlending.com.

Forward-Looking Statements

This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995, including statements related to the Company's new loan measures, lender profitability, volatility, market trends, consumer behavior and demand for automotive loans, as well as future financial or operating performance under the heading "Financial Outlook" above. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “on track,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions and on the current expectations of the Company’s management and are not guarantees of actual results. Actual results may differ materially from those expressed or implied by these forward-looking statements due to a number of risks and uncertainties, including general economic, market, political and business conditions; applicable taxes, inflation, tariffs, supply chain disruptions including global hostilities and responses thereto, interest rates and the regulatory environment; the outcome of judicial proceedings to which Open Lending may become a party; and other risks discussed in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2025. There may be additional risks that the Company presently does not know or that it currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. Subsequent events and developments may cause the Company's assessments to change, but, the Company specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Non-GAAP Financial Measures

The non-GAAP financial measures included in this press release are financial information that has not been prepared in accordance with GAAP. Adjusted EBITDA and Adjusted EBITDA margin are used by the Company to evaluate its operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. Accordingly, the Company believes these measures provide useful information to investors and others in understanding and evaluating its operating results in the same manner as its management and board of directors. In addition, the Company believes these measures provide useful analysis for period-to-period comparisons of its business, as they remove the effect of certain non-cash items and certain non-recurring variable charges.

Beginning in the quarter ended June 30, 2025, the Company updated the presentation of Adjusted EBITDA to exclude interest income as the Company believes the exclusion of interest income better aligns its presentation with comparable companies. In addition, beginning in the quarter ended September 30, 2025, the Company updated the presentation of Adjusted EBITDA to exclude certain other non-recurring expenses that do not contribute directly to

management’s evaluation of its operating results. Prior periods presented have been conformed to the current period presentation.

Adjusted EBITDA is defined as GAAP net income (loss) excluding interest expense (income), income tax expense (benefit), depreciation expense of property and equipment, amortization expense of capitalized software development costs, share-based compensation expense, loss on extinguishment of debt and certain other non-recurring expenses that do not contribute directly to management’s evaluation of its operating results. Adjusted EBITDA margin is defined as Adjusted EBITDA expressed as a percentage of total revenue.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measure provided in the financial statement tables included below in this press release.

Investor Relations Contact:

InvestorRelations@openlending.com

OPEN LENDING CORPORATION

Consolidated Balance Sheets

(Unaudited)

(In thousands, except share data)

March 31, 2026 December 31, 2025

Assets

Current assets

Cash and cash equivalents $ 173,308  $ 176,614

Restricted cash 11,643  11,604

Accounts receivable, net 4,754  3,653

Current contract assets, net 21,561  22,186

Income tax receivable 1,003  3,214

Other current assets 5,859  5,416

Total current assets 218,128  222,687

Property and equipment, net 399  458

Capitalized software development costs, net 3,816  4,046

Operating lease right-of-use assets, net 2,850  3,063

Contract assets 2,381  2,893

Other assets 3,513  3,532

Total assets $ 231,087  $ 236,679

Liabilities and stockholders’ equity

Current liabilities

Accounts payable $ 543  $ 446

Accrued expenses 5,960  8,699

Current portion of debt 7,500  7,500

Third-party claims administration liability 11,677  11,706

Current portion of excess profit share receipts 20,506  18,672

Other current liabilities 2,951  2,235

Total current liabilities 49,137  49,258

Long-term debt, net of deferred financing costs 75,444  77,266

Operating lease liabilities 2,133  2,382

Excess profit share receipts 24,767  27,574

Other liabilities 4,291  5,239

Total liabilities 155,772  161,719

Stockholders’ equity

Preferred stock, $0.01 par value; 10,000,000 shares authorized and none issued and outstanding —  —

Common stock, $0.01 par value; 550,000,000 shares authorized, 128,198,185 shares issued and 118,217,082 shares outstanding as of March 31, 2026 and 128,198,185 shares issued and 117,660,648 shares outstanding as of December 31, 2025

1,282  1,282

Additional paid-in capital 491,954  497,663

Accumulated deficit (333,455) (332,995)

Treasury stock at cost, 9,981,103 shares at March 31, 2026 and 10,537,537 shares at December 31, 2025

(84,466) (90,990)

Total stockholders’ equity 75,315  74,960

Total liabilities and stockholders’ equity $ 231,087  $ 236,679

OPEN LENDING CORPORATION

Consolidated Statements of Operations

(Unaudited)

(In thousands, except per share data)

Three Months Ended

March 31,

2026 2025

Revenue

Program fees $ 11,374  $ 15,210

Profit share 6,950  6,730

Claims administration and other service fees 2,167  2,453

Total revenue 20,491  24,393

Cost of services 4,854  6,084

Gross profit 15,637  18,309

Operating expenses

General and administrative 11,585  10,898

Selling and marketing 2,918  4,382

Research and development 1,767  2,267

Total operating expenses 16,270  17,547

Operating income (loss) (633) 762

Interest expense (1,329) (2,589)

Interest income 1,492  2,500

Income (loss) before income taxes (470) 673

Income tax expense (benefit) (10) 56

Net income (loss) $ (460) $ 617

Net income (loss) per common share

Basic $ —  $ 0.01

Diluted $ —  $ 0.01

Weighted average common shares outstanding

Basic 117,778  119,451

Diluted 117,778  119,629

OPEN LENDING CORPORATION

Consolidated Statements of Cash Flows

(Unaudited)

(In thousands)

Three Months Ended

March 31,

2026 2025

Cash flows from operating activities

Net income (loss)

$ (460) $ 617

Adjustments to reconcile net income (loss) to net cash used in operating activities:

Share-based compensation 1,131  1,846

Depreciation and amortization 656  544

Amortization of deferred financing cost 70  103

Non-cash operating lease cost 213  198

Other 34  144

Changes in operating assets & liabilities:

Accounts receivable, net (1,104) (495)

Contract assets, net 1,131  (14,778)

Excess profit share receipts (972) 9,000

Other current and non-current assets (465) 70

Accounts payable 97  (600)

Accrued expenses (2,785) 2,454

Income tax receivable, net 2,203  39

Operating lease liabilities (218) (185)

Third-party claims administration liability (29) (137)

Other current and non-current liabilities (266) (2,658)

Net cash used in operating activities (764) (3,838)

Cash flows from investing activities

Purchase of property and equipment —  (45)

Capitalized software development costs (289) (561)

Net cash used in investing activities (289) (606)

Cash flows from financing activities

Payments on term loans (1,875) (1,875)

Shares withheld for taxes related to restricted stock units (339) (758)

Net cash used in financing activities (2,214) (2,633)

Net change in cash and cash equivalents and restricted cash (3,267) (7,077)

Cash and cash equivalents and restricted cash at the beginning of the period 188,218  253,924

Cash and cash equivalents and restricted cash at the end of the period $ 184,951  $ 246,847

Supplemental disclosure of cash flow information:

Interest paid $ 1,263  $ 2,489

Income tax paid (refunded), net (2,213) 16

OPEN LENDING CORPORATION

Reconciliation of GAAP to Non-GAAP Financial Measures

(Unaudited)

(In thousands, except margin data)

Three Months Ended

March 31,

2026 2025

Net income (loss)

$ (460) $ 617

Non-GAAP adjustments:

Interest (income) expense, net (163) 89

Income tax expense (benefit) (10) 56

Depreciation and amortization expense 656  544

Share-based compensation 1,131  1,846

Other non-recurring expense 822  —

Total adjustments 2,436  2,535

Adjusted EBITDA $ 1,976  $ 3,152

Net income (loss) margin

(2) % 3  %

Adjusted EBITDA margin 10  % 13  %

EX-99.2

EX-99.2

Filename: lpro1q26earningssuppleme.htm · Sequence: 3

lpro1q26earningssuppleme

Earnings Supplement Q1 2026

2 Q1 2026 Financial Highlights Q1 2026 (1) See reconciliation of GAAP to non-GAAP financial measures on page 9. Q1 2025 Revenue $20.5 million $24.4 million Adj. EBITDA1 $2.0 million $3.2 million Total Certs 21,064 27,638

3 Loan Origination Performance by Quarter & Channel Total certified loan volumes reflect typical seasonal patterns along with our strategic implementation of enhanced underwriting standards aimed at building a higher quality loan portfolio. In addition, the decrease in certified loans in 4Q25 and 1Q26 was partially driven by a temporary headwind in conversion rates as we tested pricing adjustments in response to emerging credit trends. Select changes were rolled back in phases and completed by mid-January 2026 and we do not expect this issue to create any ongoing disruption. Our CU/Bank channel loans typically have higher program fees compared to our OEM loans, which leads to more favorable economics. 22,038 21,808 22,260 24,215 23,591 21,449 17,254 19,000 6,925 5,627 3,805 3,423 2,931 2,431 2,054 2,064 28,963 27,435 26,065 27,638 26,522 23,880 19,308 21,064 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Total Cert Volume CU/Bank OEM 76.1% 79.5% 85.4% 87.6% 88.9% 89.8% 89.4% 90.2% 23.9% 20.5% 14.6% 12.4% 11.1% 10.2% 10.6% 9.8% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Cert Mix by Channel CU/Bank OEM

4 Loan Origination Mix by Segment & Vehicle Category Loan origination mix in 1Q26 reflects a continued shift toward credit union partnerships. Our portfolio remains predominantly focused on used vehicles, which we believe serves the core needs of our target consumer base. 23.9% 20.5% 14.6% 12.4% 11.1% 10.2% 10.6% 9.8% 55.0% 56.8% 62.3% 65.1% 64.2% 64.2% 63.5% 66.5% 18.0% 19.5% 19.4% 18.2% 18.8% 19.8% 20.8% 19.5% 3.1% 3.2% 3.7% 4.3% 5.9% 5.8% 5.1% 4.2% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Cert Mix by Segment OEM Indirect Direct Refinance 12.7% 12.9% 11.9% 11.6% 13.1% 12.5% 13.4% 12.5% 87.3% 87.1% 88.1% 88.4% 86.9% 87.5% 86.6% 87.5% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Cert Mix by New/Used New Used

5 We believe our credit portfolio at 1Q26 demonstrates disciplined underwriting with a healthy mix across credit depth segments. Our credit builder exposure has also been reduced, with surcharges applied to accounts identified at the time of origination as having credit builder tradelines starting in 4Q24. We are continuing to identify credit builder products in the market; reported figures have been revised to reflect our latest view of this segment. Loan Origination Mix by Credit Profile 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Cert Mix by Credit Depth SuperThin Thin Normal Thick 16.1% 16.5% 10.7% 6.0% 5.9% 6.3% 6.4% 7.0% 83.9% 83.5% 89.3% 94.0% 94.1% 93.7% 93.6% 93.0% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Credit Builder % CreditBuilder NonCreditBuilder

6 Facilitated Loan Volume & Average Loan Size Trends The decreases in facilitated loan origination volume in 4Q25 and 1Q26 were driven by the reduction in loans certified due to a temporary headwind in conversion rates as we tested pricing adjustments in response to emerging credit trends. Average loan size has increased in 1Q26 as compared to 1Q25. We believe this increase reflects our focus on higher- value lending opportunities and improved customer mix that supports enhanced unit economics for our fees. 28,286 28,156 28,089 28,327 29,535 29,384 29,603 29,357 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Average Loan Size ($) 819.3 772.5 732.1 782.9 783.3 701.7 571.6 618.4 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Facilitated Loan Origination Volume ($M)

7 Key Performance Indicators (1) Represents average profit share revenue per certified loan originated in the period excluding the impact of profit share change in estimate recognized in the period associated with historical vintages.

8 Financial Results (1) Profit share revenue for the first quarter of 2026 was impacted by a $0.7 million reduction in estimated profit share revenue related to business in historic vintages as compared to a $0.9 million reduction in the first quarter of 2025.

9 Reconciliation of GAAP to Non-GAAP Financial Measures Adjusted EBITDA ($ in 000's) (1) Beginning in the quarter ended June 30, 2025, we updated the presentation of Adjusted EBITDA to exclude interest income, as we believe the exclusion of interest income better aligns our presentation with comparable companies. Prior periods presented have been conformed to the current period presentation. (2) Beginning in the quarter ended September 30, 2025, we updated the presentation of Adjusted EBITDA to exclude certain other non-recurring expenses that do not contribute directly to management’s evaluation of its operating results. For the three months ended March 31, 2026, the adjustment for other non-recurring expenses includes certain non-recurring legal expenses.

GRAPHIC

GRAPHIC

Filename: lpro-20260507_g1.jpg · Sequence: 7

Binary file (38660 bytes)

Download lpro-20260507_g1.jpg

GRAPHIC

GRAPHIC

Filename: lpro1q26earningssuppleme001.jpg · Sequence: 8

Binary file (78475 bytes)

Download lpro1q26earningssuppleme001.jpg

GRAPHIC

GRAPHIC

Filename: lpro1q26earningssuppleme002.jpg · Sequence: 9

Binary file (61939 bytes)

Download lpro1q26earningssuppleme002.jpg

GRAPHIC

GRAPHIC

Filename: lpro1q26earningssuppleme003.jpg · Sequence: 10

Binary file (141471 bytes)

Download lpro1q26earningssuppleme003.jpg

GRAPHIC

GRAPHIC

Filename: lpro1q26earningssuppleme004.jpg · Sequence: 11

Binary file (106693 bytes)

Download lpro1q26earningssuppleme004.jpg

GRAPHIC

GRAPHIC

Filename: lpro1q26earningssuppleme005.jpg · Sequence: 12

Binary file (116964 bytes)

Download lpro1q26earningssuppleme005.jpg

GRAPHIC

GRAPHIC

Filename: lpro1q26earningssuppleme006.jpg · Sequence: 13

Binary file (117675 bytes)

Download lpro1q26earningssuppleme006.jpg

GRAPHIC

GRAPHIC

Filename: lpro1q26earningssuppleme007.jpg · Sequence: 14

Binary file (66836 bytes)

Download lpro1q26earningssuppleme007.jpg

GRAPHIC

GRAPHIC

Filename: lpro1q26earningssuppleme008.jpg · Sequence: 15

Binary file (74497 bytes)

Download lpro1q26earningssuppleme008.jpg

GRAPHIC

GRAPHIC

Filename: lpro1q26earningssuppleme009.jpg · Sequence: 16

Binary file (102761 bytes)

Download lpro1q26earningssuppleme009.jpg

GRAPHIC

GRAPHIC

Filename: openlendinglogo.jpg · Sequence: 17

Binary file (806995 bytes)

Download openlendinglogo.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 19

v3.26.1

Cover

May 07, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

May 07, 2026

Entity Registrant Name

OPEN LENDING CORPORATION

Entity Incorporation, State or Country Code

DE

Entity File Number

001-39326

Entity Tax Identification Number

84-5031428

Entity Address, Address Line One

1501 S. MoPac ExpresswaySuite 450

Entity Address, City or Town

Austin

Entity Address, State or Province

TX

Entity Address, Postal Zip Code

78746

City Area Code

512

Local Phone Number

892-0400

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common stock, par value $0.01 per share

Trading Symbol

LPRO

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

Entity Central Index Key

0001806201

Amendment Flag

false

X

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

na

Period Type:

duration

X

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration