Comprehensive Stock Comparison

Compare Open Lending Corporation (LPRO) vs Antalpha Platform Holding Company (ANTA) Stock

Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.

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Quick Verdict

CategoryWinnerWhy
GrowthANTA321.0% revenue growth vs LPRO's -79.5%
ValueANTALower P/E (10.7x vs 11.4x)
Quality / MarginsANTA9.3% net margin vs LPRO's -5.6%
Stability / SafetyLPROBeta 1.42 vs ANTA's 1.90, lower leverage
DividendsTieNeither pays a meaningful dividend
Momentum (1Y)ANTA-31.4% vs LPRO's -72.7%
Efficiency (ROA)ANTA0.2% ROA vs LPRO's -52.3%, ROIC 0.6% vs -17.0%
Bottom line: ANTA leads in 5 of 7 categories, making it the stronger pick for investors who prioritize growth and revenue expansion and valuation and capital efficiency. Open Lending Corporation is the better choice for capital preservation and lower volatility. As direct sector peers, they can serve as alternatives in the same portfolio allocation.

Who Each Stock Is For

Income & stability

Growth exposure

Long-term compounding (10Y)

Sleep-well-at-night portfolio

Defensive / Recession hedge

Business Model

What each company does and how it makes money

LPROOpen Lending Corporation
Financial Services

Open Lending provides a SaaS platform that enables automotive lenders — primarily credit unions and regional banks — to make near-prime auto loans with reduced risk. It generates revenue through a combination of platform fees, loan facilitation fees, and a share of the insurance premiums from the default protection it helps arrange. The company's moat lies in its proprietary risk analytics and automated underwriting technology, which creates a data-driven ecosystem that traditional lenders struggle to replicate.

ANTAAntalpha Platform Holding Company
Financial Services

Antalpha Platform Holding Company is a crypto-focused financial services provider that offers Bitcoin-backed financing solutions to the digital asset industry. It generates revenue primarily through interest income from Bitcoin mining equipment loans and supply chain financing—secured by Bitcoin and mining hardware—along with platform service fees for loan management and compliance services. The company's competitive advantage lies in its specialized expertise in crypto asset collateralization and its integrated technology platform that manages the unique risks of digital asset lending.

Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

LPROOpen Lending Corporation
FY 2024
Program Fee
237.4%$57M
Administrative Service
42.1%$10M
Profit Share
-179.5%$-43,123,000
ANTAAntalpha Platform Holding Company

Segment breakdown not available.

Financial Metrics Comparison

Side-by-side fundamentals across 2 stocks. BestLagging

Financial Scorecard

ANTA 3LPRO 0
Financial MetricsANTA4/5 metrics
Valuation MetricsTie2/4 metrics
Profitability & EfficiencyANTA5/8 metrics
Total ReturnsANTA6/6 metrics
Risk & VolatilityTie1/2 metrics
Analyst Outlook0/0 metrics

ANTA leads in 3 of 6 categories — strongest in Financial Metrics and Profitability & Efficiency. 2 categories are tied.

Financial Metrics (TTM)

ANTA is the larger business by revenue, generating $47M annually — 2.0x LPRO's $24M. ANTA is the more profitable business, keeping 9.3% of every revenue dollar as net income compared to LPRO's -5.6%.

MetricLPROOpen Lending Corp…ANTAAntalpha Platform…
RevenueTrailing 12 months$24M$47M
EBITDAEarnings before interest/tax-$82M$2M
Net IncomeAfter-tax profit-$150M$4M
Free Cash FlowCash after capex-$13M$829,499
Gross MarginGross profit ÷ Revenue+0.7%+37.8%
Operating MarginEBIT ÷ Revenue-2.7%+6.7%
Net MarginNet income ÷ Revenue-5.6%+9.3%
FCF MarginFCF ÷ Revenue+72.6%-25.0%
Rev. Growth (YoY)Latest quarter vs prior year
EPS Growth (YoY)Latest quarter vs prior year-6.0%+24.3%
ANTA leads this category, winning 4 of 5 comparable metrics.

Valuation Metrics

MetricLPROOpen Lending Corp…ANTAAntalpha Platform…
Market CapShares × price$157M$208M
Enterprise ValueMkt cap + debt − cash$58M$612M
Trailing P/EPrice ÷ TTM EPS-1.18x46.21x
Forward P/EPrice ÷ next-FY EPS est.11.44x10.71x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple152.58x
Price / SalesMarket cap ÷ Revenue6.54x4.38x
Price / BookPrice ÷ Book value/share2.03x4.37x
Price / FCFMarket cap ÷ FCF9.02x
Evenly matched — LPRO and ANTA each lead in 2 of 4 comparable metrics.

Profitability & Efficiency

ANTA delivers a 3.6% return on equity — every $100 of shareholder capital generates $4 in annual profit, vs $-2 for LPRO. LPRO carries lower financial leverage with a 1.84x debt-to-equity ratio, signaling a more conservative balance sheet compared to ANTA's 8.84x. On the Piotroski fundamental quality scale (0–9), ANTA scores 7/9 vs LPRO's 3/9, reflecting strong financial health.

MetricLPROOpen Lending Corp…ANTAAntalpha Platform…
ROE (TTM)Return on equity-2.1%+3.6%
ROA (TTM)Return on assets-52.3%+0.2%
ROICReturn on invested capital-17.0%+0.6%
ROCEReturn on capital employed-21.7%+1.0%
Piotroski ScoreFundamental quality 0–937
Debt / EquityFinancial leverage1.84x8.84x
Net DebtTotal debt minus cash-$99M$404M
Cash & Equiv.Liquid assets$243M$6M
Total DebtShort + long-term debt$144M$410M
Interest CoverageEBIT ÷ Interest expense-7.43x
ANTA leads this category, winning 5 of 8 comparable metrics.

Total Returns (with DRIP)

A $10,000 investment in ANTA five years ago would be worth $6,859 today (with dividends reinvested), compared to $325 for LPRO. Over the past 12 months, ANTA leads with a -31.4% total return vs LPRO's -72.7%. The 3-year compound annual growth rate (CAGR) favors ANTA at -11.8% vs LPRO's -42.7% — a key indicator of consistent wealth creation.

MetricLPROOpen Lending Corp…ANTAAntalpha Platform…
YTD ReturnYear-to-date-14.7%-3.8%
1-Year ReturnPast 12 months-72.7%-31.4%
3-Year ReturnCumulative with dividends-81.2%-31.4%
5-Year ReturnCumulative with dividends-96.8%-31.4%
10-Year ReturnCumulative with dividends-86.2%-31.4%
CAGR (3Y)Annualised 3-year return-42.7%-11.8%
ANTA leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

LPRO is the less volatile stock with a 1.42 beta — it tends to amplify market swings less than ANTA's 1.90 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ANTA currently trades 31.7% from its 52-week high vs LPRO's 26.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricLPROOpen Lending Corp…ANTAAntalpha Platform…
Beta (5Y)Sensitivity to S&P 5001.42x1.90x
52-Week HighHighest price in past year$5.00$27.72
52-Week LowLowest price in past year$0.70$8.35
% of 52W HighCurrent price vs 52-week peak+26.6%+31.7%
RSI (14)Momentum oscillator 0–10038.445.8
Avg Volume (50D)Average daily shares traded527K7K
Evenly matched — LPRO and ANTA each lead in 1 of 2 comparable metrics.

Analyst Outlook

MetricLPROOpen Lending Corp…ANTAAntalpha Platform…
Analyst RatingConsensus buy/hold/sellHold
Price TargetConsensus 12-month target$15.00
# AnalystsCovering analysts12
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises2
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap+1.1%0.0%
Insufficient data to determine a leader in this category.

Historical Charts

Charts are rendered on first load. Hover for details.

Chart 1Revenue Growth — 10 Years

Stock20172024Change
Open Lending Corpor… (LPRO)$32M$24M-25.8%
Antalpha Platform H… (ANTA)$11M$47M+321.0%

Open Lending Corporation's revenue grew from $32M (2017) to $24M (2024) — a -4.2% CAGR.

Chart 2Net Margin Trend — 10 Years

Stock20172024Change
Open Lending Corpor… (LPRO)-0.1%-5.6%-5828.1%
Antalpha Platform H… (ANTA)-58.4%9.3%+115.8%

Open Lending Corporation's net margin went from -0% (2017) to -6% (2024).

Chart 3P/E Ratio History — 5 Years

Stock20182023Change
Open Lending Corpor… (LPRO)31.547.3+50.2%

Open Lending Corporation has traded in a 6x–47x P/E range over 5 years; current trailing P/E is ~-1x.

Chart 4EPS Growth — 10 Years

Stock20172024Change
Open Lending Corpor… (LPRO)-0-1.13-112900.0%
Antalpha Platform H… (ANTA)-0.290.19+165.5%

Open Lending Corporation's EPS grew from $-0.00 (2017) to $-1.13 (2024).

Chart 5Free Cash Flow — 5 Years

2021
$93M
2022
$107M
2023
$80M
$-12M
2024
$17M
$-12M
Open Lending Corpor… (LPRO)Antalpha Platform H… (ANTA)

Open Lending Corporation generated $17M FCF in 2024 (-81% vs 2021). Antalpha Platform Holding Company generated $-12M FCF in 2024 (+4% vs 2023).

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LPRO vs ANTA: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is LPRO or ANTA a better buy right now?

Antalpha Platform Holding Company (ANTA) offers the better valuation at 46.2x trailing P/E (10.7x forward), making it the more compelling value choice. Analysts rate Open Lending Corporation (LPRO) a "Hold" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — LPRO or ANTA?

On forward P/E, Antalpha Platform Holding Company is actually cheaper at 10.7x.

03

Which is the better long-term investment — LPRO or ANTA?

Over the past 5 years, Antalpha Platform Holding Company (ANTA) delivered a total return of -31.4%, compared to -96.8% for Open Lending Corporation (LPRO). A $10,000 investment in ANTA five years ago would be worth approximately $7K today (assuming dividends reinvested). Over 10 years, the gap is even starker: ANTA returned -31.4% versus LPRO's -86.2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — LPRO or ANTA?

By beta (market sensitivity over 5 years), Open Lending Corporation (LPRO) is the lower-risk stock at 1.42β versus Antalpha Platform Holding Company's 1.90β — meaning ANTA is approximately 34% more volatile than LPRO relative to the S&P 500. On balance sheet safety, Open Lending Corporation (LPRO) carries a lower debt/equity ratio of 184% versus 9% for Antalpha Platform Holding Company — giving it more financial flexibility in a downturn.

05

Which has better profit margins — LPRO or ANTA?

Antalpha Platform Holding Company (ANTA) is the more profitable company, earning 9.3% net margin versus -562.0% for Open Lending Corporation — meaning it keeps 9.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ANTA leads at 6.7% versus -272.1% for LPRO. At the gross margin level — before operating expenses — ANTA leads at 37.8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Is LPRO or ANTA more undervalued right now?

On forward earnings alone, Antalpha Platform Holding Company (ANTA) trades at 10.7x forward P/E versus 11.4x for Open Lending Corporation — 0.7x cheaper on a one-year earnings basis.

07

Which pays a better dividend — LPRO or ANTA?

None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.

08

Is LPRO or ANTA better for a retirement portfolio?

For long-horizon retirement investors, Open Lending Corporation (LPRO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. Antalpha Platform Holding Company (ANTA) carries a higher beta of 1.90 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (LPRO: -86.2%, ANTA: -31.4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

09

What are the main differences between LPRO and ANTA?

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 160%
  • Net Margin > 5%
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