Open Lending (LPRO) Price to Book (2018 - 2026)
Open Lending's (LPRO) quarterly Price to Book came in at 1.96 in Q1 2026, down 52.62% year-over-year from 4.14 in Q1 2025, and down 19.36% quarter-over-quarter from 2.43 in Q4 2025.
Analysis
Open Lending (LPRO) Price to Book (2018 - 2026) Analysis & Trends
Open Lending has disclosed Price to Book across 9 years of filings, most recently posting 1.96 for Q1 2026.
- In Q1 2026, Price to Book fell 52.62% year-over-year to 1.96; the TTM figure through Mar 2026 stood at 1.96 (down 52.62% YoY), while the FY2025 annual figure was 2.43, down 73.34% from the prior year.
- Price to Book came in at 1.96 for Q1 2026 at Open Lending, down from 2.43 in the prior quarter.
- In the past five years, Price to Book ranged from a high of 13.02 in Q1 2022 to a low of 1.96 in Q1 2026.
- Average Price to Book over 5 years is 4.72, with a median of 4.07 recorded in 2023.
- Year-over-year, Price to Book slumped 88.89% in 2022 and soared 85.52% in 2024.
- Over 5 years, Price to Book stood at 3.92 in 2022, then increased by 25.42% to 4.92 in 2023, then soared by 85.52% to 9.12 in 2024, then plunged by 73.34% to 2.43 in 2025, then declined by 19.36% to 1.96 in 2026.
- Per Business Quant data, the three most recent Price to Book figures were 1.96 in Q1 2026, 2.43 in Q4 2025, and 3.42 in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Upstart Holdings | 2.73 Bn | 2.28 Bn | 303.39 Mn |
| 2 | Pagaya Technologies | 1.92 Bn | 1.72 Bn | 168.33 Mn |
| 3 | Qfin Holdings | 1.10 Bn | 108.74 Mn | - |
| 4 | FinVolution | 856.70 Mn | -70.30 Mn | - |
| 5 | X Financial | 432.29 Mn | -136.02 Mn | 84.09 Mn |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn |
| 7 | Blend Labs | 361.86 Mn | 317.00 Mn | 24.89 Mn |
| 8 | LexinFintech Holdings | 294.80 Mn | 294.80 Mn | 73.06 Mn |
| 9 | Antalpha Platform Holding | 85.61 Mn | -804.10 Mn | 11.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 1.96 |
| Dec 31, 2025 | 2.43 |
| Sep 30, 2025 | 3.42 |
| Jun 30, 2025 | 2.90 |
| Mar 31, 2025 | 4.14 |
| Dec 31, 2024 | 9.12 |
| Sep 30, 2024 | 3.31 |
| Jun 30, 2024 | 3.07 |
| Mar 31, 2024 | 3.53 |
| Dec 31, 2023 | 4.92 |
| Sep 30, 2023 | 4.07 |
| Jun 30, 2023 | 5.79 |
| Mar 31, 2023 | 4.13 |
| Dec 31, 2022 | 3.92 |
| Sep 30, 2022 | 4.35 |
| Jun 30, 2022 | 6.22 |
| Mar 31, 2022 | 13.02 |
| Dec 31, 2021 | 17.85 |
| Sep 30, 2021 | 35.67 |
| Jun 30, 2021 | 56.01 |