NASDAQ$LPRO
Open Lending Corporation · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Open Lending reported first quarter results, which included a 32% increase in certified loans, a 14% increase in revenue and a 11% increase in Adjusted EBITDA compared to first quarter of 2021.
Open Lending reported a strong first quarter in 2022, with a 32% increase in certified loans and a 14% increase in revenue compared to the first quarter of 2021. The company added 18 new customers and saw increased certification volume from its top 10 customers.
- Facilitated 43,944 certified loans, a 32% increase year-over-year.
- Total revenue was $50.1 million, a 14% increase year-over-year.
- Net income was $23.2 million, compared to $12.9 million in the first quarter of 2021.
- Adjusted EBITDA was $33.8 million, an 11% increase year-over-year.
Headline financials
Revenue & EPS history
Open Lending · Revenue · Quarterly
$50.1M
Revenue by segment
Open Lending · $50.1M total across 3 segments · Q1 2022
- Profit Share$28.3M+2.1%56.5%
- Program Fees$19.7M+32.3%39.4%
- Claims Admin & Other Service Fees$2.03M+48.6%4.1%
Forward guidance
The Company is reaffirming its previously issued guidance.
Tailwinds
- Total Certified Loans: 195,000 - 225,000
- Total Revenue: $210 - 240 million
- Adjusted EBITDA: $135 - 160 million
- Adjusted Operating Cash Flow: $140 - 165 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
-0.7%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+4.8%
Avg return
30 days after
54%
15 / 28 earnings
Positive
+26.7%
Q1 2023
Best reaction
-57.6%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +17.3% | +14.2% | — | |
| Q4 2025 | +19.2% | +19.0% | +19.8% | |
| Q3 2025 | -8.9% | +3.1% | +13.7% | |
| Q1 2025 | +19.2% | +29.0% | +29.7% | |
| Q4 2024 | -57.6% | -63.0% | -53.6% | |
| Q3 2024 | -12.5% | -6.5% | -13.1% | |
| Q2 2024 | -0.2% | -4.4% | -1.6% | |
| Q1 2024 | +6.3% | +12.6% | +32.6% | |
| Q4 2023 | -7.8% | -11.3% | -21.3% | |
| Q3 2023 | -7.6% | -10.1% | +5.5% | |
| Q2 2023 | -23.8% | -20.9% | -22.1% | |
| Q1 2023 | +26.7% | +27.8% | +44.8% | |
| Q4 2022 | -21.2% | -16.0% | -14.5% | |
| Q3 2022 | +0.7% | -5.7% | +4.4% | |
| Q2 2022 | -0.6% | -1.2% | -14.5% | |
| Q1 2022 | -7.4% | -17.9% | -13.7% | |
| Q4 2021 | +21.6% | +26.0% | +20.6% | |
| Q3 2021 | -17.4% | -11.3% | -33.3% | |
| Q2 2021 | +1.2% | -8.9% | +6.9% | |
| Q1 2021 | -1.9% | +0.7% | +8.5% | |
| Q4 2020 | +11.9% | +21.7% | +16.1% | |
| Q3 2019 | +2.0% | +1.8% | +11.9% | |
| Q3 2020 | +2.8% | +7.9% | +19.9% | |
| Q1 2019 | +5.3% | +8.7% | +16.7% | |
| Q4 2019 | +5.3% | +8.7% | +16.7% | |
| Q2 2019 | +5.3% | +8.7% | +16.7% | |
| Q1 2020 | +5.3% | +8.7% | +16.7% | |
| Q2 2020 | -2.4% | +0.3% | +16.4% |
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