Open Lending Valuation Multiples

Open Lending Overview

About Open Lending

Open Lending Corp is engaged in providing automated lending services to financial institutions. The company offers loan analytics, risk-based pricing, risk modeling, and automated decision technology. Its Lenders Protection Program ("LPP") enables automotive lenders to make loans that are largely insured against, losses from defaults.

Founded

2017

HQ

Employees

205

Website

openlending.com

Sectors

Specialty FinanceFinTech

Financials (LTM)

Revenue: $96M

EBITDA: $19M

EV

$159M

Valuation Multiples

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Open Lending Financials

Open Lending reported last 12-month revenue of $96M and EBITDA of $19M.

In the same LTM period, Open Lending generated $74M in gross profit, $19M in EBITDA, and $894K in net income.

Open Lending P&L

In the most recent fiscal year, Open Lending reported revenue of $93M and EBITDA of $16M.

Open Lending expects next 12-month revenue of XXX and NTM EBITDA of XXX

Open Lending Stock Performance

Open Lending has current market cap of $201M, and enterprise value of $159M.

Open Lending's stock price is $1.71.

Open Lending Valuation Multiples

Open Lending trades at 1.7x EV/Revenue multiple, and 8.4x EV/EBITDA.

Open Lending Financial Valuation Multiples

As of April 20, 2026, Open Lending has market cap of $201M and EV of $159M.

Equity research analysts estimate Open Lending's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Open Lending has a P/E ratio of 225.1x.

Open Lending Margins & Growth Rates

Open Lending's revenue in the last 12 month grew by 10%.

Open Lending's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.4M for the same period.

Open Lending's rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Open Lending's rule of X is 47% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Open Lending Public Comps

See public comps and valuation multiples for other Specialty Finance comps.

Open Lending M&A Activity

Open Lending acquired XXX companies to date.

Last acquisition by Open Lending was on XXXXXXXX, XXXXX. Open Lending acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Open Lending Investment Activity

Open Lending invested in XXX companies to date.

Open Lending made its latest investment on XXXXXXXX, XXXXX. Open Lending invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).