Open Lending (LPRO) Operating Expenses (2019 - 2026)
Open Lending's (LPRO) quarterly Operating Expenses came in at $16.3 million in Q1 2026, down 7.28% year-on-year from $17.5 million in Q1 2025, and up 16.68% quarter-over-quarter from $13.9 million in Q4 2025.
Open Lending (LPRO) Operating Expenses (2019 - 2026) Analysis & Trends
Open Lending has disclosed Operating Expenses across 8 years of filings, most recently posting $16.3 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $16.3 million, down 7.28% year-over-year; the trailing twelve-month figure through Mar 2026 was $75.4 million (up 15.24% YoY), and the FY2025 annual result was $76.7 million, up 16.97% from the prior year.
- Operating Expenses came in at $16.3 million for Q1 2026 at Open Lending, up from $13.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $26.6 million in Q3 2025 to a low of $13.0 million in Q1 2022.
- The 5-year median for Operating Expenses is $16.3 million (2023), against an average of $16.9 million.
- Across the five-year window, Operating Expenses declined 13.91% in 2024 and jumped 71.49% in 2025, its largest moves.
- Open Lending's Operating Expenses stood at $17.2 million in 2022, then grew by 4.08% to $17.9 million in 2023, then declined by 13.91% to $15.4 million in 2024, then dropped by 9.27% to $13.9 million in 2025, then rose by 16.68% to $16.3 million in 2026.
- The last three Operating Expenses figures came in at $16.3 million (Q1 2026), $13.9 million (Q4 2025), and $26.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 541.66 Bn | 529.25 Bn | - | 4.00 Bn |
| 2 | Mastercard | 437.55 Bn | 427.34 Bn | - | 3.49 Bn |
| 3 | American Express | 212.80 Bn | 158.76 Bn | 17.43 Bn | 13.88 Bn |
| 4 | Capital One Financial | 112.47 Bn | 35.97 Bn | - | 8.46 Bn |
| 5 | PayPal Holdings | 37.70 Bn | 28.36 Bn | 7.84 Bn | 6.87 Bn |
| 6 | Synchrony Financial | 24.26 Bn | 3.70 Bn | - | 1.32 Bn |
| 7 | Affirm Holdings | 21.24 Bn | 19.51 Bn | 261.64 Mn | 950.34 Mn |
| 8 | SoFi Technologies | 20.46 Bn | 17.06 Bn | 929.25 Mn | 891.92 Mn |
| 9 | Ally Financial | 13.30 Bn | 12.86 Bn | 1.98 Bn | 1.24 Bn |
| 10 | Open Lending | 248.51 Mn | 248.51 Mn | 15.64 Mn | 16.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.27 Mn |
| Dec 31, 2025 | 13.94 Mn |
| Sep 30, 2025 | 26.55 Mn |
| Jun 30, 2025 | 18.63 Mn |
| Mar 31, 2025 | 17.55 Mn |
| Dec 31, 2024 | 15.37 Mn |
| Sep 30, 2024 | 15.48 Mn |
| Jun 30, 2024 | 17.02 Mn |
| Mar 31, 2024 | 17.67 Mn |
| Dec 31, 2023 | 17.85 Mn |
| Sep 30, 2023 | 16.10 Mn |
| Jun 30, 2023 | 16.32 Mn |
| Mar 31, 2023 | 15.83 Mn |
| Dec 31, 2022 | 17.15 Mn |
| Sep 30, 2022 | 17.67 Mn |
| Jun 30, 2022 | 14.15 Mn |
| Mar 31, 2022 | 13.04 Mn |
| Dec 31, 2021 | 11.66 Mn |
| Sep 30, 2021 | 11.77 Mn |
| Jun 30, 2021 | 12.11 Mn |