Open Lending Corporation (LPRO) Q1 2025 Earnings Call Transcript

Open Lending Corporation (NASDAQ:LPRO) Q1 2025 Earnings Call May 7, 2025 5:00 PM ET

Company Participants

Ryan Gardella – Investor Relations
Jessica Buss – Chairman and Chief Executive Officer
Chuck Jehl – Interim Chief Financial Officer
Matthew Sather – Chief Underwriting Officer

Conference Call Participants

John Hecht – Jefferies
John Davis – Raymond James

Operator

Good afternoon and welcome to the Open Lending First Quarter 2025 Earnings Conference Call. As a reminder, today’s conference is being recorded. On the call today are Jessica Buss, Chairman of the Board of Directors and Chief Executive Officer as well as Chuck Jehl, Interim Chief Financial Officer and a Member of the Board of Directors and Matthew Sather, Chief Underwriting Officer, who will both be available for the Q&A section of the call.

I would now like to pass the call over to Ryan Gardella, Investor Relations, to read the Safe Harbor statement. Please go ahead.

Ryan Gardella

Thank you. Appreciate you joining us. Prior to the start of this call, the company posted their first quarter 2025 earnings release and supplemental slides to its Investor Relations website. In the release, you will find reconciliations of non-GAAP financial measures to the most comparable GAAP financial measures discussed on this call.

Before we begin, I would like to remind you that this call may contain estimates and other forward-looking statements that represent the company’s view as of today, May 7, 2025. Open Lending disclaims any obligation to update these statements to reflect future events or circumstances. Please refer to today’s earnings release and our filings with the SEC for more information concerning factors that could cause actual results to differ from those expressed or implied in such statements.

And now I will pass the call over to Jessica to give an update on our business