NASDAQ$LPRO
Open Lending Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Open Lending's financial performance decreased due to lower certified loans and revenue, but the company focused on strategic investments for future growth.
Open Lending reported a decrease in certified loans and total revenue for Q3 2023 compared to the previous year. The company is focusing on positioning itself for future growth through strategic investments and believes it has a strong foundation with a substantial addressable market and positive cash flow.
- The Company facilitated 29,959 certified loans during the third quarter of 2023, compared to 42,186 certified loans in the third quarter of 2022.
- Total revenue was $26.0 million during the third quarter of 2023, compared to $50.7 million in the third quarter of 2022.
- Net income was $3.0 million during the third quarter of 2023, compared to $24.5 million in the third quarter of 2022.
- Adjusted EBITDA was $10.3 million during the third quarter of 2023, compared to $29.4 million in the third quarter of 2022.
Headline financials
Revenue & EPS history
Open Lending · Revenue · Quarterly
$26M
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 guidance ranges for Q4 2023 as follows: Total Certified Loans between 22,000 and 26,000; Total Revenue between $25 and $29 million; Adjusted EBITDA between $11 and $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 Q3 2023
-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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