Open Lending (LPRO) Cost of Revenue (2019 - 2026)
Open Lending (LPRO) posted Cost of Revenue of $4.9 million for Q1 2026, up 4.52% sequentially from $4.6 million in Q4 2025, and down 20.22% YoY from $6.1 million in Q1 2025.
Open Lending (LPRO) Cost of Revenue (2019 - 2026) Analysis & Trends
Open Lending has reported Cost of Revenue for 8 years, with the latest figure at $4.9 million in Q1 2026.
- Quarterly Cost of Revenue fell 20.22% year-over-year to $4.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $20.3 million (down 15.97% YoY) and the FY2025 annual result came in at $21.6 million, down 9.64% from the prior year.
- Cost of Revenue advanced to $4.9 million in Q1 2026 per LPRO's latest filing, from $4.6 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $6.3 million in Q4 2024 and troughed at $4.6 million in Q4 2025.
- A 5-year average of $5.4 million and a median of $5.4 million in 2023 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue surged 42.42% in 2022, then dropped 25.87% in 2025.
- Over 5 years, Cost of Revenue stood at $4.9 million in 2022, then gained by 9.58% to $5.4 million in 2023, then advanced by 16.78% to $6.3 million in 2024, then decreased by 25.87% to $4.6 million in 2025, then increased by 4.52% to $4.9 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $4.9 million, $4.6 million, and $5.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | - |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | - |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 1.65 Bn |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 1.70 Bn |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | - |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | - |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | - |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | 171.12 Mn |
| 10 | Open Lending | 402.54 Mn | 217.59 Mn | 15.64 Mn | 4.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.85 Mn |
| Mar 31, 2026 | 4.85 Mn |
| Dec 31, 2025 | 4.64 Mn |
| Dec 31, 2025 | 4.64 Mn |
| Sep 30, 2025 | 5.32 Mn |
| Sep 30, 2025 | 5.32 Mn |
| Jun 30, 2025 | 5.51 Mn |
| Jun 30, 2025 | 5.51 Mn |
| Mar 31, 2025 | 6.08 Mn |
| Mar 31, 2025 | 6.08 Mn |
| Dec 31, 2024 | 6.27 Mn |
| Dec 31, 2024 | 6.27 Mn |
| Sep 30, 2024 | 6.13 Mn |
| Sep 30, 2024 | 6.13 Mn |
| Jun 30, 2024 | 5.71 Mn |
| Jun 30, 2024 | 5.71 Mn |
| Mar 31, 2024 | 5.75 Mn |
| Mar 31, 2024 | 5.75 Mn |
| Dec 31, 2023 | 5.37 Mn |
| Dec 31, 2023 | 5.37 Mn |