Open Lending Corporation (LPRO) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Please stand by, your program is about to begin. If you need assistance during your conference today, please press star zero. Good afternoon and welcome to the Open Lending Second Quarter 2025 Earnings Conference Call. As a reminder, today's conference call is being recorded. On the call today are Jessica Buffs, Chairman of the Board of Directors and Chief Executive Officer, and Matthew Saylor, Chief Underwriting Officer, who will both be available for Q&A section of the call. I'd like to pass the call over to Ryan Gardella, Investor Relations, to read the Safe Harbor Statement. Thank you, appreciate you joining us. Prior to the start of this call, the company posted the second quarter 2025 earnings release and supplemented the slides to its Investor Relations website. In the release, you will find reconciliation of non-GAAP financial measures and the most comparable GAAP financial measures discussed on this call. Before we begin, I would like to remind you that this call may contain estimates and other forward-looking statements that represent the company's view as of today, August 6th, 2025. Open Lending disclaims any obligation to update these statements to reflect future events or circumstances. Please refer to today's earnings release and our file links with the SEC for more information concerning factors that can cause actual results to differ from those expressed or implied with such statements. And now, I will pass the call over to Jessica to give an update on the business and financial results second quarter 2025. Thank you. Good afternoon, everyone, and thank you for joining us today. This marks my third earnings call as CEO, and I am pleased to report on our results for the second quarter, which we believe are starting to reflect the progress we are making...