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-over-year from $17.5 million in Q1 2025, and up 16.68% quarter-over-quarter from $13.9 million in Q4 2025.
Analysis
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.
- In Q1 2026, Operating Expenses fell 7.28% year-over-year to $16.3 million; the TTM figure through Mar 2026 stood at $75.4 million (up 15.24% YoY), while the FY2025 annual figure 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.
- Average Operating Expenses over 5 years is $16.9 million, with a median of $16.3 million recorded in 2023.
- Year-over-year, Operating Expenses fell 13.91% in 2024 and surged 71.49% in 2025.
- Over 5 years, 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.
- Per Business Quant data, the three most recent Operating Expenses figures were $16.3 million in Q1 2026, $13.9 million in Q4 2025, and $26.6 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn | 350.07 Mn |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn | 281.24 Mn |
| 3 | Qfin Holdings | 986.27 Mn | -9.51 Mn | - | 354.54 Mn |
| 4 | FinVolution | 836.54 Mn | -90.46 Mn | - | -423.57 Mn |
| 5 | X Financial | 386.17 Mn | -182.14 Mn | 84.09 Mn | 117.70 Mn |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | 16.27 Mn |
| 7 | Blend Labs | 279.09 Mn | 234.22 Mn | 24.89 Mn | 26.46 Mn |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn | -88.58 Mn |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - | -144.96 Mn |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn | 37.28 Mn |
Historic Data
Download Data
Historic 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 |