Open Lending (LPRO) Operating Expenses (2019 - 2026)
Open Lending (LPRO) posted Operating Expenses of $16.3 million for Q1 2026, up 16.68% sequentially from $13.9 million in Q4 2025, and down 7.28% YoY from $17.5 million in Q1 2025.
Analysis
Open Lending (LPRO) Operating Expenses (2019 - 2026) Analysis & Trends
Open Lending has reported Operating Expenses for 8 years, with the latest figure at $16.3 million in Q1 2026.
- Quarterly Operating Expenses fell 7.28% year-over-year to $16.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $75.4 million (up 15.24% YoY) and the FY2025 annual result came in at $76.7 million, up 16.97% from the prior year.
- Operating Expenses advanced to $16.3 million in Q1 2026 per LPRO's latest filing, from $13.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $26.6 million in Q3 2025 and troughed at $13.0 million in Q1 2022.
- A 5-year average of $16.9 million and a median of $16.3 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses retreated 13.91% in 2024, then soared 71.49% in 2025.
- Over 5 years, Operating Expenses stood at $17.2 million in 2022, then rose by 4.08% to $17.9 million in 2023, then retreated by 13.91% to $15.4 million in 2024, then fell by 9.27% to $13.9 million in 2025, then advanced by 16.68% to $16.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $16.3 million, $13.9 million, and $26.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | 4.76 Bn |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | 3.69 Bn |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | 14.48 Bn |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | 9.04 Bn |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | 7.26 Bn |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | 1.02 Bn |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | 1.33 Bn |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | 1.00 Bn |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | 1.32 Bn |
| 10 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | 16.27 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 |