# OPEN LENDING CORPORATION · Edgar & Edgarette company card

> Open Lending grew revenue 288% in FY2025 to $93 million, operating margin -5.4% against a -3.1% median for personal credit institutions, equity 31.7% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1806201 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/1806201) · [JSON](https://www.pops4.com/boards/company/1806201.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $93M |
| Revenue growth, 1 year | 288.0% |
| Revenue growth per year | -18.9% |
| Operating margin | -5.4% (prior year -272.1%) |
| Net margin | -4.5% |
| Operating cash flow | −$3M |
| Capital spending | $56,000 |
| Free cash flow | −$3M |
| Cash | $177M |
| Long-term debt | $85M |
| Total assets | $237M |
| Total equity | $75M |
| Equity ÷ assets | 31.7% |
| Return on equity | -5.7% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: Rotting at the dock · four or more warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative; operating loss: a margin of -5.4% in FY2025; revenue is hard to predict: its 80% range is ±82%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $93.2M (FY2025), total debt $84.8M. Experience: revenue up 288.0% on the year, down 18.9% a year over 4 years; operating margin -5.4%, up from -272.1%. Soundness: equity 31.7% of assets, return on equity -5.7%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $64.1M and $658.2M next year (method v4.1: its own 5-year record of growth weighed at 57% against $50M–100M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $69.9M to $606.5M. A statistical range, not company guidance. Against peers (44 filers, $50M+ revenue, its industry group): operating margin -5.4% against a -3.1% median; growth 288.0% against 16.8%.

Range logged 2026-11-04, receipt 736a6bcd467b9a1f, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 1, latest 2026-07-30 ([filing](https://www.sec.gov/Archives/edgar/data/1806201/000119312526325062/0001193125-26-325062-index.htm))
- Item 5.02 Director or officer change: 5, latest 2026-07-31 ([filing](https://www.sec.gov/Archives/edgar/data/1806201/000119312526326655/0001193125-26-326655-index.htm))

## Recent filings

- 8-K · filed 2026-07-31 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1806201/000119312526326655/0001193125-26-326655-index.htm)
- 8-K · filed 2026-07-30 · 1.02 Termination of a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule; 3.03 Material Modifications to Rights of Security Holders; 5.01 Changes in Control of Registrant; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1806201/000119312526325062/0001193125-26-325062-index.htm)
- 8-K · filed 2026-06-16 · 1.01 Entry into a Material Definitive Agreement; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1806201/000119312526271902/0001193125-26-271902-index.htm)
- 8-K · filed 2026-06-09 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1806201/000180620126000054/0001806201-26-000054-index.htm)
- 8-K · filed 2026-06-04 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1806201/000180620126000044/0001806201-26-000044-index.htm)
- 10-Q · filed 2026-05-08 · [filing](https://www.sec.gov/Archives/edgar/data/1806201/000180620126000038/0001806201-26-000038-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001806201.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1806201

## Cite

POPS4, Edgar & Edgarette: OPEN LENDING CORPORATION company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/1806201. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.