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
DateValue
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