Open Lending Corporation (LPRO) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Happy day, everyone, and welcome to the Open Lending Third Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. You will have the opportunity to ask questions during the question-and-answer session. You may register to ask questions by pressing the star and 1 on your telephone keypad. You may withdraw your question from the queue by pressing star 2. Please note this call has been recorded and I will be standing by should you need any assistance. It is now my pleasure to turn the conference over to Ryan Gardella, Investor Relations. Please go ahead. Thank you. I appreciate you joining us. Prior to the start of this call, the company posted their third quarter 2025 earnings release supplemental slides to its Investor Relations website. In the release, you will find reconciliations of non-GAAP financial measures to 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 or other forward-looking statements that represent the company's view as of today, November 6, 2025. Open Lending disclaims any obligation to update these statements to reflect future events or circumstances. Please refer to today's earnings release in our filings with the SEC for more information concerning factors that could cause actual results to differ from those expressed or implied in such statements. And now I'll pass the call over to Jessica to give an update on the business and financial results for the third quarter of 2025. Thank you. Good afternoon, everyone, and thank you for joining us today. We are pleased to announce our results for the third quarter of 2025, which we believe reflects the transition we are making from a company stabilizing their busines...