Open Lending (LPRO) Net Margin (2019 - 2026)
Open Lending's (LPRO) quarterly Net Margin came in at 2.24% in Q1 2026, down 459.0% year-over-year from 0.63% in Q1 2025, and down 125.82% quarter-over-quarter from 8.69% in Q4 2025.
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Analysis
Open Lending (LPRO) Net Margin (2019 - 2026) Analysis & Trends
Open Lending has disclosed Net Margin across 8 years of filings, most recently posting 2.24% for Q1 2026.
- In Q1 2026, Net Margin fell 459.0% year-over-year to 2.24%; the TTM figure through Mar 2026 stood at 5.97% (up 78341.0% YoY), while the FY2025 annual figure was 4.54%, up 55744.0% from the prior year.
- Net Margin came in at 2.24% for Q1 2026 at Open Lending, down from 8.69% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 253.67% in Q4 2024 to a low of 32.41% in Q4 2023.
- Average Net Margin over 5 years is 25.51%, with a median of 10.86% recorded in 2024.
- Year-over-year, Net Margin soared 28608 bps in 2024 and sank 24498 bps in 2025.
- Over 5 years, Net Margin stood at 15.62% in 2022, then plunged by 108 bps to 32.41% in 2023, then jumped by 883 bps to 253.67% in 2024, then sank by 97 bps to 8.69% in 2025, then slumped by 126 bps to 2.24% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 2.24% in Q1 2026, 8.69% in Q4 2025, and 31.32% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn | 4.53% |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn | 10.94% |
| 3 | Qfin Holdings | 986.27 Mn | -9.51 Mn | - | 11.38% |
| 4 | FinVolution | 836.54 Mn | -90.46 Mn | - | 19.31% |
| 5 | X Financial | 386.17 Mn | -182.14 Mn | 84.09 Mn | 4.73% |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | -2.24% |
| 7 | Blend Labs | 279.09 Mn | 234.22 Mn | 24.89 Mn | -18.94% |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn | 3.18% |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - | -34.35% |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn | -102.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -2.24% |
| Dec 31, 2025 | 8.69% |
| Sep 30, 2025 | -31.32% |
| Jun 30, 2025 | 4.01% |
| Mar 31, 2025 | 2.35% |
| Dec 31, 2024 | 253.67% |
| Sep 30, 2024 | 6.07% |
| Jun 30, 2024 | 10.86% |
| Mar 31, 2024 | 16.55% |
| Dec 31, 2023 | -32.41% |
| Sep 30, 2023 | 11.55% |
| Jun 30, 2023 | 29.80% |
| Mar 31, 2023 | 32.68% |
| Dec 31, 2022 | -15.62% |
| Sep 30, 2022 | 48.42% |
| Jun 30, 2022 | 44.44% |
| Mar 31, 2022 | 46.25% |
| Dec 31, 2021 | 53.92% |
| Sep 30, 2021 | 49.95% |
| Jun 30, 2021 | 124.28% |