Open Lending Reports Fourth Quarter and Full Year 2024 Financial Results
1. LPRO reported a $144.4 million net loss in Q4 2024. 2. Board changes include Jessica Buss as CEO and Michelle Glasl as COO. 3. Certified loans fell to 26,065 in Q4 compared to 26,263 a year prior. 4. Total revenue for 2024 dropped to $24 million from $117.5 million in 2023. 5. Profit share revenue forecast was adjusted downward by $81.3 million.