Open Lending Corp. (LPRO) intrinsic value & 10-year financials
Open Lending Corp. (LPRO) has a Graham intrinsic value of $3.80 per share. Over the last 9 fiscal years revenue grew 8.6% a year to $93.2M, with an average return on invested capital of -14.0%.
- Graham intrinsic value
- $3.80
- Revenue (FY2025)
- $93.2M
- Revenue growth (9-yr CAGR)
- 8.6%
- ROIC (10-yr avg)
- -14.0%
- Free cash flow (FY2025)
- -$3.2M
LPRO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $93.2M | -$4.2M | -$0.04 | -$3.2M | -5.4% | 21.6% |
| FY2024 | $24.0M | -$135.0M | -$1.13 | $17.4M | -272.1% | -144.0% |
| FY2023 | $117.5M | $22.1M | $0.18 | $82.5M | 24.8% | 16.3% |
| FY2022 | $179.6M | $66.6M | $0.53 | $106.8M | 54.4% | 39.4% |
| FY2021 | $215.7M | $146.1M | $1.16 | $93.2M | 69.7% | 81.6% |
| FY2020 | $108.9M | -$97.6M | -$1.09 | $23.4M | 52.1% | -73.4% |
| FY2019 | $92.8M | $62.5M | -$2.97 | $41.7M | 67.4% | -25.8% |
| FY2018 | $52.2M | $28.3M | — | $28.5M | 54.6% | -27.3% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Open Lending Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Open Lending Corp has historically struggled to out-earn its cost of capital, averaging just -14.0% ROIC.
Open Lending Corp capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Open Lending Corp is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.80 per share.