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Complete financial analysis of Open Lending Corporation (LPRO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Open Lending Corporation, a leading company in the Financial – Credit Services industry within the Financial Services sector.
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Open Lending Corporation (LPRO)
About Open Lending Corporation
Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, and non-bank auto finance companies and captive finance companies of original equipment manufacturers in the United States. It offers Lenders Protection Program (LPP), which is a Software as a Service platform that facilitates loan decision making and automated underwriting by third-party lenders and the issuance of credit default insurance through third-party insurance providers. The company's LPP products include loan analytics, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders. Open Lending Corporation was founded in 2000 and is based in Austin, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 117.46M | 179.59M | 215.66M | 108.89M | 92.85M | 52.19M | 32.38M |
| Cost of Revenue | 22.28M | 19.97M | 18.62M | 9.79M | 7.81M | 4.60M | 3.02M |
| Gross Profit | 95.18M | 159.63M | 197.03M | 99.11M | 85.04M | 47.59M | 29.36M |
| Gross Profit Ratio | 81.03% | 88.88% | 91.37% | 91.01% | 91.59% | 91.18% | 90.68% |
| Research & Development | 5.58M | 8.21M | 4.35M | 1.96M | 1.17M | 802.00K | 691.00K |
| General & Administrative | 43.04M | 35.95M | 30.39M | 32.58M | 13.77M | 12.13M | 7.99M |
| Selling & Marketing | 17.49M | 17.86M | 12.00M | 7.84M | 7.48M | 6.19M | 4.53M |
| SG&A | 60.53M | 53.81M | 42.39M | 40.43M | 21.26M | 18.31M | 30.68K |
| Other Expenses | 0.00 | -238.00K | 55.30M | -4.38M | 197.00K | 170.00K | 0.00 |
| Operating Expenses | 66.10M | 62.01M | 46.75M | 42.39M | 22.43M | 19.12M | 30.68K |
| Cost & Expenses | 88.39M | 81.98M | 65.37M | 52.18M | 30.23M | 23.72M | 30.68K |
| Interest Income | 10.34M | 2.00M | 213.00K | 202.00K | 24.00K | 13.00K | 408.00K |
| Interest Expense | 10.66M | 5.83M | 5.86M | 11.60M | 322.00K | 341.00K | 0.00 |
| Depreciation & Amortization | 1.78M | 1.49M | 1.67M | 1.77M | 105.00K | 80.00K | 20.00K |
| EBITDA | 41.30M | 100.87M | 198.69M | -77.62M | 62.94M | 28.55M | 16.17M |
| EBITDA Ratio | 35.16% | 56.08% | 95.95% | 49.88% | 67.79% | 55.06% | 49.94% |
| Operating Income | 29.08M | 97.62M | 205.81M | 56.72M | 62.62M | 28.47M | -30.68K |
| Operating Income Ratio | 24.75% | 54.35% | 95.43% | 52.09% | 67.44% | 54.56% | -0.09% |
| Total Other Income/Expenses | -217.00K | -4.08M | 40.88M | -147.71M | -101.00K | -158.00K | 0.00 |
| Income Before Tax | 28.86M | 93.54M | 191.17M | -90.99M | 62.51M | 28.32M | -30.68K |
| Income Before Tax Ratio | 24.57% | 52.08% | 88.65% | -83.56% | 67.33% | 54.25% | -0.09% |
| Income Tax Expense | 6.79M | 26.92M | 45.09M | 6.57M | -30.00K | 37.00K | 59.00K |
| Net Income | 22.07M | 66.62M | 146.08M | -97.56M | 62.54M | 28.28M | -30.68K |
| Net Income Ratio | 18.79% | 37.09% | 67.74% | -89.60% | 67.36% | 54.18% | -0.09% |
| EPS | 0.18 | 0.53 | 1.16 | -1.18 | 1.66 | 0.31 | 0.00 |
| EPS Diluted | 0.18 | 0.53 | 1.16 | -1.18 | 1.66 | 0.31 | 0.00 |
| Weighted Avg Shares Out | 120.83M | 126.11M | 126.35M | 82.91M | 37.63M | 91.85M | 31.25M |
| Weighted Avg Shares Out (Dil) | 121.47M | 126.26M | 126.39M | 82.91M | 37.63M | 91.85M | 31.25M |
New and Used Vehicle Markets Stabilizing, According to Open Lending Analysis
AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, just released a new Near- and Non-Prime Consumer Brief, the latest installment in its...
Open Lending Corporation (LPRO) Q3 2024 Earnings Call Transcript
Open Lending Corporation (NASDAQ:LPRO ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Marissa Vidaurri - VP, IR & Corporate Communications Chuck Jehl - CFO & Interim CEO Conference Call Participants Joseph Vafi - Canaccord...
Compared to Estimates, Open Lending (LPRO) Q3 Earnings: A Look at Key Metrics
The headline numbers for Open Lending (LPRO) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Open Lending (LPRO) Q3 Earnings and Revenues Miss Estimates
Open Lending (LPRO) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.02 per share a year ago.
Open Lending to Announce Third Quarter 2024 Results on November 7, 2024
AUSTIN, Texas, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will host a...
Open Lending Appoints Charles “Chuck” Jehl Next Chief Executive Officer
Jehl's proven financial, operational and leadership expertise position Company for future growth Jehl's proven financial, operational and leadership expertise position Company for future growth
Open Lending to Attend the Canaccord Genuity 44th Annual Growth Conference
AUSTIN, Texas, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (Nasdaq: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will be attending...
Open Lending Corporation (LPRO) Q2 2024 Earnings Call Transcript
Open Lending Corporation (NASDAQ:LPRO ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Chuck Jehl - CFO and Interim CEO Cecilia Camarillo - Chief Accounting Officer Conference Call Participants Kyle Peterson - Needham & Company...
Open Lending (LPRO) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Open Lending (LPRO) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
Open Lending (LPRO) Misses Q2 Earnings and Revenue Estimates
Open Lending (LPRO) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.09 per share a year ago.
Source: https://incomestatements.info
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