Open Lending reported mixed Q3 2025 results, showcasing a transition towards stable earnings, highlighted by the launch of the new ApexOne Auto platform aimed at the prime auto lending market.

• Introduced ApexOne Auto, expanding revenue potential with a subscription-based decisioning tool for prime auto borrowers, addressing a $500 million market opportunity.
• Achieved three consecutive quarters of positive adjusted EBITDA, reflecting improved profitability and reduced volatility in core Lenders Protection platform.
• Total certified loans decreased by 13% year-over-year to 23,880, driven by tighter lending standards and targeted rate adjustments in lower-margin segments.
• Notable mix shift with 89.8% of loans facilitated through credit unions and banks, indicating a more focused approach to lending partnerships.
• Continued enhancements in underwriting standards are expected to improve credit quality and support sustainable profitability going forward.