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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 |
Is the Options Market Predicting a Spike in Open Lending (LPRO) Stock?
Investors need to pay close attention to Open Lending (LPRO) stock based on the movements in the options market lately.
Near- and Non-Prime Consumers At Risk of Being Priced Out of the Vehicle Market, Open Lending Research Finds
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, today released a new Near- and Non-Prime Consumer Update, continuing its quarterly report series...
Open Lending Announces Leadership Change
Keith Jezek Resigns as CEO and Board Member; Chief Financial Officer Charles “Chuck” Jehl Appointed as Chief Operating Officer and Interim Chief Executive Officer
Open Lending Reveals Winners of the Inaugural Economic Vehicle Accessibility Awards
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, today announced the winners of their inaugural Economic Vehicle Accessibility Awards (“EVAAs”). The winning...
Open Lending Releases 2024 Vehicle Accessibility Report to Provide Insights on the Near- and Non-Prime Credit Segment
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, has released its 2024 Vehicle Accessibility Report. This report illustrates how traditional underwriting practices...
Open Lending (LPRO) Reports Q4 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Open Lending (LPRO) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street...
Open Lending Corporation (LPRO) Q4 2023 Earnings Call Transcript
Open Lending Corporation (LPRO) Q4 2023 Earnings Call Transcript
Open Lending (LPRO) Reports Q4 Loss, Misses Revenue Estimates
Open Lending (LPRO) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.05. This compares to loss of $0.03 per share a year ago.
Open Lending Reports Fourth Quarter and Full Year 2023 Financial Results
AUSTIN, Texas, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (Nasdaq: LPRO) (the “Company” or “Open Lending”), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its fourth quarter and...
Lending Enablement Solutions Create a Path to Auto Ownership for ITIN Holders, Open Lending Analysis Shows
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, today released data on automotive financing access for consumers with an Individual Taxpayer Identification...
Source: https://incomestatements.info
Category: Stock Reports