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
DateValue
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