Open Lending Corporation (LPRO) Income Statement Analysis

See more : Aflac Incorporated (AFL) Income Statement Analysis – Financial Results

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)

Industry: Financial - Credit Services

Sector: Financial Services

Website: https://www.openlending.com

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 Strong Sell Stocks for December 8th

December 8, 2021zacks.com

COHR, LPRO, FSTR, SANM, and VIOT have been added to the Zacks Rank #5 (Strong Sell) List on December 8, 2021.

Open Lending (LPRO) Reports Q3 Loss, Tops Revenue Estimates

November 9, 2021zacks.com

Open Lending (LPRO) delivered earnings and revenue surprises of -215.00% and 7.31%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Open Lending Corporation (LPRO) CEO John Flynn on Q3 2021 Results - Earnings Call Transcript

November 9, 2021seekingalpha.com

Open Lending Corporation (LPRO) CEO John Flynn on Q3 2021 Results - Earnings Call Transcript

Will Open Lending (LPRO) Beat Estimates Again in Its Next Earnings Report?

November 8, 2021zacks.com

Open Lending (LPRO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Open Lending (LPRO) Might Surprise This Earnings Season

November 8, 2021zacks.com

Open Lending (LPRO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Open Lending to Announce Third Quarter 2021 Results on November 9, 2021

October 25, 2021globenewswire.com

AUSTIN, Texas, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, today announced that the Company will host a conference call to discuss...