Open Lending Q1 2026 earnings release reported $20.5M Q1 revenue, $2.0M Q1 adjusted EBITDA, FY2026 certified loan guidance of 100,000-110,000, FY2026 adjusted EBITDA guidance of $25M-$29M, $173.3M cash, $7.5M current debt, $75.4M long-term debt, and 117.8M diluted shares. — storage.googleapis.com
Q1 2026 10-Q KPI table showed 21,064 certified loans, $538 average program fees per certified loan, and $363 average profit share revenue per certified loan. — modeledge.ai
FY2025 10-K KPI table showed 97,348 certified loans, $558 average program fees per certified loan, $298 average profit share revenue per certified loan, and 450 active lenders. — modeledge.ai
Model method: value LPRO using FY2026E adjusted EBITDA because management gives explicit EBITDA guidance and recent GAAP earnings/free cash flow are distorted by profit-share estimate volatility and balance-sheet cash/debt movements. — modeledge.ai
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