Open Lending (LPRO) Cost of Revenue (2019 - 2026)

Open Lending (LPRO) posted Cost of Revenue of $2.9 million for Q1 2026, up 238.23% sequentially from -$2.1 million in Q4 2025, and down 52.04% YoY from $6.1 million in Q1 2025.

Open Lending (LPRO) Cost of Revenue (2019 - 2026) Analysis & Trends

Open Lending (LPRO) has 8 years of Cost of Revenue data on file, last reported at $2.9 million in Q1 2026.

  • Quarterly Cost of Revenue fell 52.04% year-over-year to $2.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $10.3 million (down 41.48% YoY) and the FY2025 annual result came in at $14.8 million, down 14.04% from the prior year.
  • Cost of Revenue climbed to $2.9 million in Q1 2026 per LPRO's latest filing, from -$2.1 million in the prior quarter.
  • The five-year high for Cost of Revenue was $6.1 million in Q3 2024, with the low at -$2.1 million in Q4 2025.
  • Average Cost of Revenue over 5 years is $4.3 million, with a median of $5.3 million recorded in 2025.
  • Year-over-year, Cost of Revenue surged 99.75% in 2022 and slumped 467.47% in 2025.
  • Open Lending's Cost of Revenue stood at $2.8 million in 2022, then jumped by 92.71% to $5.4 million in 2023, then tumbled by 106.93% to -$372000.0 in 2024, then tumbled by 467.47% to -$2.1 million in 2025, then surged by 238.23% to $2.9 million in 2026.
  • Business Quant data shows LPRO's Cost of Revenue at $2.9 million in Q1 2026, -$2.1 million in Q4 2025, and $5.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Visa 587.74 Bn 575.34 Bn - -
2 Mastercard 465.55 Bn 455.34 Bn - -
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn 1.48 Bn
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 518.00 Mn
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn 72.85 Mn
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn 171.12 Mn
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn 121.00 Mn
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn 17.20 Mn
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn 121.17 Mn
10 Open Lending 366.29 Mn 181.34 Mn 15.64 Mn 2.92 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.92 Mn
Mar 31, 2026 2.92 Mn
Dec 31, 2025 -2.11 Mn
Dec 31, 2025 -2.11 Mn
Sep 30, 2025 5.32 Mn
Sep 30, 2025 5.32 Mn
Jun 30, 2025 4.15 Mn
Jun 30, 2025 4.15 Mn
Mar 31, 2025 6.08 Mn
Mar 31, 2025 6.08 Mn
Dec 31, 2024 -372,000.00
Dec 31, 2024 -372,000.00
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 4.21 Mn
Mar 31, 2024 4.21 Mn
Dec 31, 2023 5.37 Mn
Dec 31, 2023 5.37 Mn