Open Lending reports Q4 2024 negative revenue of $56.9M; appoints new CEO and COO

Open Lending Corp

2025-Q1 EPS reported $0.01 revenue$24,393,000

Q4 total revenue negative $56.9M vs $14.9M prior year; net loss $144.4M vs $4.8M loss.
Full year 2024 revenue $24.0M, down from $117.5M; net loss $135.0M vs net income $22.1M.
Revenue hit by $81.3M reduction in estimated profit share revenues from historic vintages in Q4.
Board appoints Jessica Buss as CEO effective immediately; Michelle Glasl as COO.
Certified loans: 26,065 in Q4 vs 26,263 prior year; full year 110,652 vs 122,984.

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