Open LendingLPRO +0.32%71 Gross Margin % is 76.31% as of Mar. 2026, which is 15% below its 10-year median of 89.95. GuruFocus rates LPRO with a GF Score™ of 71/100 and a GF Value™ of $5.73 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 388 Credit Services companies, Open Lending ranks better than 81.19% on this metric.
Open Lending Corp gross margin has been in long-term decline. The average rate of decline per year is -35.9%.
The historical rank and industry rank for Open Lending's Gross Margin % or its related term are showing as below:
LPRO'
s Gross Margin % Range Over the Past 10 Years
Min: 0.7 Med: 89.95 Max: 91.59
Current: 77.24
During the past 8 years, the highestGross Margin % of Open Lending was 91.59%. The lowest was 0.70%. And the median was 89.95%.
LPRO's Gross Margin % is ranked better than 81.19% of 388
companies
in the Credit Services industry
Industry Median: 51.76
vs LPRO: 77.24
Open Lending had a gross margin of 76.31% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Open Lending was -35.90% per year.
Open Lending (NAS:LPRO) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Open Lending had a gross margin of 76.31% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Open Lending Gross Margin % Related Terms
Open Lending Gross Margin % Historical Data
* Premium members only.
The historical data trend for Open Lending's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
LPRO vs OPRT, MFIN, JFIN: Gross Margin % Comparison
For the Credit Services subindustry, Open Lending's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Open Lending Gross Margin % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Open Lending's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Open Lending's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Open Lending (LPRO) has a Gross Margin % of 76.31% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Open Lending and its competitors. This is 15% below median its historical median of 89.95. Over the past decade, Open Lending's Gross Margin % has ranged from 0.70 to 91.59. According to the industry distribution chart, Open Lending ranks #73 out of 388 companies in the Credit Services industry, placing it in the top 18.8%.
Is Open Lending's Gross Margin % too high?
Open Lending's current Gross Margin % of 76.31% is 15% below median its 10-year median of 89.95. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 91.59. The Credit Services industry median Gross Margin % is 51.76. Open Lending's value of 76.31% is 47.4% above this industry median. Based on the distribution chart, Open Lending ranks #73 out of 388 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Open Lending has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Open Lending's Gross Margin % compare to OPRT and MFIN?
According to the Credit Services industry distribution chart, Open Lending ranks #73 out of 388 companies for Gross Margin %. This places Open Lending in the top 19% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 51.76. Open Lending's value of 76.31% is 47.4% above this benchmark. Historically, Open Lending's own Gross Margin % has ranged from 0.70 to 91.59 over the past decade. While the company's 10-year median is 89.95 vs. the industry median of 51.76, Open Lending has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Credit Services company?
The median Gross Margin % among Credit Services companies is 51.76, based on 388 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Open Lending's current Gross Margin % of 76.31% is 47.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Open Lending and its competitors. For the Credit Services industry, the median Gross Margin % is 51.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Open Lending's current Gross Margin % is 76.31%, which is 15% below median its own 10-year median of 89.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Open Lending stock overvalued right now?
Based on GuruFocus' analysis, Open Lending (LPRO) is currently considered Possible Value Trap. The stock's GF Value™ is $5.73, compared to a current price of $3.13 — trading 45.5% below its estimated fair value. The current Gross Margin % is 76.31%, which is 15% below median its 10-year median of 89.95 and 47.4% above the Credit Services industry median of 51.76. Open Lending's overall GF Score™ is 71/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Open Lending (LPRO), the current Gross Margin % is 76.31% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Open Lending (LPRO) Overvalued in 2026?
Based on GuruFocus' analysis, Open Lending stock appears to be undervalued.
The current stock price of $3.13 is trading 45.5% below its estimated GF Value™ of $5.73.
GuruFocus considers Open Lending to be Possible Value Trap.
Key valuation signals for LPRO:
Gross Margin %: 76.31% (15% below median its 10-year median of 89.95)
GF Value™: $5.73 vs. price of $3.13 (45.5% below fair value)
Industry Position: 47.4% above the Credit Services median (#73 of 388)
No single metric tells the full story. See the LPRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Open Lending Corp is a provider of lending enablement and risk analytics to credit unions, regional banks, finance companies and the captive finance companies of automakers (OEM captive finance companies). Through its flagship product, LPP, its customers, collectively referred to herein as automotive lenders or lenders, make automotive consumer loans to underserved near-prime and non-prime borrowers by harnessing its risk-based interest rate pricing models, powered by its proprietary data and real-time underwriting of automotive loan default insurance coverage from insurers.
71GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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