Open Lending Corporation · NASDAQ:LPRO
Open Lending — Q1 2025 Earnings Presentation
6 slides from Open Lending's earnings presentation, May 7, 2025
Slide 1: Earnings Supplement Q1 2025
Earnings Supplement Q1 2025
Slide 2: Q1 2025 Financial Highlights
Q1 2025 Financial Highlights Q1 2025 Q1 2024 Total Certs 27,638 28,189 Revenue $24.4 million $30.7 million Adj. EBITDA1 $5.7 million $12.5 million (1) See reconciliation of GAAP to non-GAAP financial measures on page 5 2
Slide 3: Key Performance Indicators
Key Performance Indicators Three Months Ended March 31, 2025 2024 Certs Credit Union & Bank 24,215 21,078 OEM 3,423 7,111 Total Certs 27,638 28,189 Unit Economics Avg. Profit Share Revenue per Cert (1) $ 278 $ 533 Avg. Program Fee Revenue per Cert $ 550 $ 508 Originations Facilitated Loan Originatio
Slide 4: Financial Results
Financial Results ($ in '000s) Three Months Ended March 31, 2025 2024 Revenue Program fees $ 15,210 $ 14,309 Profit share(1) 6,730 13,882 Claims administration and other service fees 2,453 2,554 Total revenue 24,393 30,745 Cost of services 6,084 5,750 Gross profit 18,309 24,995 Operating expenses Ge
Slide 5: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures Adjusted EBITDA Three Months Ended March 31, ($ in 000's) 2025 2024 Net income $ 617 $ 5,087 Non-GAAP adjustments: Interest expense 2,589 2,770 Income tax expense 56 2,437 Depreciation and amortization expense 544 372 Share-based compensation exp
Slide 6: Total Current Share Count
Total Current Share Count Shares In thousands Total Shares Outstanding May 5, 2025 119,786 Treasury Shares 8,412 Total Shares Issued 128,198 6