NASDAQ$LPRO
Open Lending Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Open Lending's financial performance declined in Q1 2024 due to lower certified loans and revenue, but exceeded guidance for certified loans and revenue.
Open Lending reported a decrease in certified loans and revenue for Q1 2024 compared to the previous year. The company facilitated 28,189 certified loans and generated $30.7 million in revenue. Net income and Adjusted EBITDA also decreased. However, the company exceeded the high end of its guidance for both certified loans and revenue.
- The Company facilitated 28,189 certified loans during Q1 2024, compared to 32,408 in Q1 2023.
- Total revenue was $30.7 million in Q1 2024, compared to $38.4 million in Q1 2023.
- Net income was $5.1 million in Q1 2024, compared to $12.5 million in Q1 2023.
- Adjusted EBITDA was $12.5 million in Q1 2024, compared to $21.2 million in Q1 2023.
Headline financials
Revenue & EPS history
Open Lending · Revenue · Quarterly
$30.7M
Revenue by segment
Open Lending · $26M total across 3 segments · Q3 2023
- Program Fees$15.4M-29.4%59.3%
- Profit Share$8.02M-69.8%30.8%
- Claims Admin & Other Service Fees$2.57M+12.0%9.9%
Forward guidance
The Company is issuing its second quarter 2024 guidance ranges as follows: Total Certified Loans 27,000 - 30,000, Total Revenue $29 - $33 million, Adjusted EBITDA $10 - $14 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.6%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+5.8%
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 | +18.7% | +15.6% | +31.9% | |
| 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% | |
| Q4 2019 | +5.3% | +8.7% | +16.7% | |
| Q2 2019 | +5.3% | +8.7% | +16.7% | |
| Q1 2020 | +5.3% | +8.7% | +16.7% | |
| Q1 2019 | +5.3% | +8.7% | +16.7% | |
| Q2 2020 | -2.4% | +0.3% | +16.4% |
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