Open Lending (LPRO) EV to EBITDA (2019 - 2026)
Open Lending's (LPRO) quarterly EV to EBITDA came in at 58.74 in Q1 2026, down 46.56% year-over-year from 109.91 in Q1 2025, and up 860.83% quarter-over-quarter from 7.72 in Q4 2025.
Analysis
Open Lending (LPRO) EV to EBITDA (2019 - 2026) Analysis & Trends
Open Lending has disclosed EV to EBITDA across 8 years of filings, most recently posting 58.74 for Q1 2026.
- In Q1 2026, EV to EBITDA fell 46.56% year-over-year to 58.74; the TTM figure through Mar 2026 stood at 5.81 (up 598.9% YoY), while the FY2025 annual figure was 1.17, up 116.64% from the prior year.
- EV to EBITDA came in at 58.74 for Q1 2026 at Open Lending, up from 7.72 in the prior quarter.
- In the past five years, EV to EBITDA ranged from a high of 251.29 in Q3 2024 to a low of 92.36 in Q4 2023.
- Average EV to EBITDA over 5 years is 57.62, with a median of 58.74 recorded in 2026.
- The largest YoY upside for EV to EBITDA was 381.47% in 2023 against a maximum downside of 170.41% in 2023.
- Over 5 years, EV to EBITDA stood at 131.17 in 2022, then sank by 170.41% to 92.36 in 2023, then soared by 93.68% to 5.84 in 2024, then sank by 32.25% to 7.72 in 2025, then soared by 860.83% to 58.74 in 2026.
- Per Business Quant data, the three most recent EV to EBITDA figures were 58.74 in Q1 2026, 7.72 in Q4 2025, and 2.03 in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Upstart Holdings | 2.73 Bn | 2.28 Bn | 303.39 Mn |
| 2 | Pagaya Technologies | 1.92 Bn | 1.72 Bn | 168.33 Mn |
| 3 | Qfin Holdings | 1.10 Bn | 108.74 Mn | - |
| 4 | FinVolution | 856.70 Mn | -70.30 Mn | - |
| 5 | X Financial | 432.29 Mn | -136.02 Mn | 84.09 Mn |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn |
| 7 | Blend Labs | 361.86 Mn | 317.00 Mn | 24.89 Mn |
| 8 | LexinFintech Holdings | 294.80 Mn | 294.80 Mn | 73.06 Mn |
| 9 | Antalpha Platform Holding | 85.61 Mn | -804.10 Mn | 11.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 58.74 |
| Dec 31, 2025 | -7.72 |
| Sep 30, 2025 | -2.03 |
| Jun 30, 2025 | -10.27 |
| Mar 31, 2025 | 109.91 |
| Dec 31, 2024 | -5.84 |
| Sep 30, 2024 | 251.29 |
| Jun 30, 2024 | 103.50 |
| Mar 31, 2024 | 67.02 |
| Dec 31, 2023 | -92.36 |
| Sep 30, 2023 | 140.28 |
| Jun 30, 2023 | 66.08 |
| Mar 31, 2023 | 37.07 |
| Dec 31, 2022 | 131.17 |
| Sep 30, 2022 | 29.14 |
| Jun 30, 2022 | 34.14 |
| Mar 31, 2022 | 69.36 |
| Dec 31, 2021 | 77.15 |
| Sep 30, 2021 | 109.43 |
| Jun 30, 2021 | 119.83 |