NASDAQ$LPRO
Open Lending Corporation · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported financial results for the third quarter of 2022, with results in line with expectations despite continued challenging economic and industry dynamics.
Open Lending reported Q3 2022 financial results with a total revenue of $50.7 million and a net income of $24.5 million. The company facilitated 42,186 certified loans. Despite challenging economic conditions, Open Lending remains focused on investing in its sales strategy and technology, leveraging its strong cash generation and resilient business model.
- Facilitated 42,186 certified loans during the third quarter of 2022, compared to 49,332 certified loans in the third quarter of 2021.
- Total revenue was $50.7 million during the third quarter of 2022, compared to $58.9 million in the third quarter of 2021.
- Gross profit was $45.5 million during the third quarter of 2022, compared to $52.5 million in the third quarter of 2021.
- Net income was $24.5 million during the third quarter of 2022, compared to $29.4 million in the third quarter of 2021.
Headline financials
Revenue & EPS history
Open Lending · Revenue · Quarterly
$50.7M
Revenue by segment
Open Lending · $50.7M total across 3 segments · Q3 2022
- Profit Share$26.5M-25.2%52.4%
- Program Fees$21.8M+1.0%43.1%
- Claims Admin & Other Service Fees$2.29M+26.9%4.5%
Forward guidance
The Company is modifying its guidance ranges as follows: Full Year 2022 OutlookTotal Certified Loans160,000 - 170,000Total Revenue$180 - 190 millionAdjusted EBITDA$112 - 122 millionAdjusted Operating Cash Flows (a)$130 - 145 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 Q3 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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