Open Lending Corp
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $93.2M | $24.0M | $117.5M | $179.6M | $215.7M | $108.9M |
| Operating income | −$5.0M | −$65.4M | $29.1M | $97.6M | $150.3M | $56.7M |
| Net income | −$4.2M | −$135.0M | $22.1M | $66.6M | $146.1M | −$97.6M |
| Total assets | $236.7M | $296.4M | $374.0M | $379.6M | $318.8M | $294.0M |
| Total liabilities | $161.7M | $218.3M | $168.5M | $166.8M | $159.8M | $267.4M |
| Equity | $75.0M | $78.1M | $205.6M | $212.8M | $159.0M | $26.6M |
| EPS (diluted) | $-0.04 | $-1.13 | $0.18 | $0.53 | $1.16 | $-1.09 |
| Shares out. | 119.8M | 118.9M | 123.7M | 126.2M | 126.8M | 91.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −5.4%
- Net margin
- −4.5%
- Return on equity
- −5.7%
- Return on assets
- −1.8%
- Return on capital (ROCE)
- −2.7%
- Liabilities / assets
- 68.3%
- Debt / equity
- 2.16×
- Book value / share
- $0.63
- Revenue growth (YoY)
- 288.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 0.56distress
- Accruals / assets
- −0.4%clean
- Beneish M-Score
- -1.14elevated
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Beneish M-Score elevated — earnings-manipulation screen flag
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 17, 2025
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Whetstone Capital Advisors, LlcPassive (13G)May 1, 2026
- Portolan Capital Management, LlcPassive (13G)Feb 26, 2026
- Wasatch Advisors LpPassive (13G)Aug 12, 2025
- Vanguard Group IncPassive (13G)Jul 29, 2025
- Palogic Value Management, L.P.Activist (13D)Jul 7, 2025
- Working Capital Advisors (Uk) Ltd.Passive (13G)May 15, 2025
- Price T Rowe Associates Inc /Md/Passive (13G)May 7, 2025
- Scoggin Management LpPassive (13G)Apr 18, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Feldstein Eric ADirector | May 21, 2026 | Option exercise | 76,530 | $0.00 |
| Sather MatthewOfficer — Chief Underwriting Officer | Mar 15, 2026 | Option exercise | 6,633 | $0.00 |
| Massey BenOfficer — General Counsel | Mar 15, 2026 | Option exercise | 4,520 | $0.00 |
| Glasl MichelleOfficer — Chief Operating Officer | Mar 15, 2026 | Option exercise | 9,000 | $0.00 |
| Sather MatthewOfficer — Chief Underwriting Officer | Nov 19, 2025 | Buy | 40,000 | $1.52 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 2.4M | 2.3 | -7.5% |
| Apr 30, 2026 | 2.6M | 5.3 | -9.4% |
| Apr 15, 2026 | 2.8M | 4.6 | +4.7% |
| Mar 31, 2026 | 2.7M | 4.2 | +23.9% |
| Mar 13, 2026 | 2.2M | 4.0 | +7.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 7, 2026
- Results of operationsMar 12, 2026
- Entered a material agreement · Director / officer changeMar 6, 2026
- Director / officer changeDec 5, 2025
- Director / officer changeNov 25, 2025
- Results of operationsNov 6, 2025
- Director / officer changeOct 7, 2025
- Director / officer changeSep 25, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (2)
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