Shares of Open Lending Corp. were down 11% in intraday trading on March 18, 2025, following a 9.28% decline on March 17, 2025, after the company announced a delay in filing its annual Form 10-K and postponed its Q4 and full-year 2024 earnings release. Open Lending cited the need for additional time to finalize its financial statements, raising concerns about the company's internal controls and financial reporting.
Shares fell again on April 1, 2025, declining more than 50% after the company reported a larger-than-expected Q4 2024 net loss, driven in part by a valuation allowance on its deferred tax assets that significantly increased its tax expense. The drop follows leadership changes at Open Lending Corp., and the inability of the company to file their Form 10-K in a timely manner.
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