Open Lending’s Recent Financial Disclosures Raise Investor Concerns

Glancy Prongay & Murray LLP, a prominent national shareholder rights law firm, is intensifying its investigation on behalf of Open Lending Corporation (“Open Lending” or the “Company”) LPRO regarding potential violations of federal securities laws that may have affected investors.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON OPEN LENDING CORPORATION (LPRO), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

Key Developments Affecting Consumers

On March 17, 2025, Open Lending announced it would delay the filing of its Annual Report for 2024. The Company cited the need for additional time to finalize its accounting processes related to revenue sharing and contract assets.

Following this announcement, the stock price of Open Lending dropped $0.40, reflecting a 9.3% decline, and closed at $3.91 per share on the same day, significantly impacting investors.

Financial Results Reveal Serious Losses

On March 31, 2025, Open Lending released its financial results for the fourth quarter and full year of 2024. The report disclosed a staggering negative revenue figure of $56.9 million. The Company attributed this to an $81.3 million decrease in estimated profit share revenues related to historical business vintages, largely due to rising delinquencies and defaults involving loans made between 2021 and 2024. Furthermore, the Company’s net loss amounted to $144 million, which included an $86.1 million valuation allowance on its deferred tax assets that inflated its income tax expenses.

In response to this troubling news, Open Lending’s stock price plummeted by $1.59, amounting to a 57.6% decrease, with shares closing at $1.17 on April 1, 2025, causing further financial strain on investors.

Contact Information for Inquiries

To learn more about the investigation or for questions regarding your rights or investment interests, please reach out to us.

Charles Linehan, Esq.
Glancy Prongay & Murray LLP
1925 Century Park East, Suite 2100
Los Angeles, California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

Whistleblower Information

Individuals with non-public information concerning Open Lending may consider their options for assisting in the investigation or leveraging the SEC Whistleblower Program. This program offers whistleblowers the potential for rewards up to 30% of any successful recovery made by the SEC. For further details, please contact Charles H. Linehan at 310-201-9150 or 888-773-9224, or email [email protected].

About Glancy Prongay & Murray LLP

Glancy Prongay & Murray LLP (“GPM”) is a top law firm focused on representing investors and consumers in securities and complex class action litigations. The firm has consistently been recognized within the Top 50 Securities Class Action Settlements by ISS Securities Class Action Services. In 2018, GPM ranked among the top five law firms for the number of securities class action settlements, and among the top six for the total dollar amount of those settlements.

With four offices nationwide, GPM employs nearly 40 attorneys who have achieved landmark decisions and secured billions of dollars for clients across various industries through securities, antitrust, consumer, and employment class actions. The firm’s achievements have been extensively reported by prominent news organizations including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, and others.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20250401541417/en/

Glancy Prongay & Murray LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Charles Linehan
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.