See more : Winland Holdings Corporation (WELX) 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)
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 |
Open Lending Partners with Akur8 to Enhance Predictive Lending Model
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 a partnership with innovative insurance pricing solution provider Akur8 to complement its...
Open Lending to Announce Fourth Quarter and Full Year 2023 Results on February 27, 2024
AUSTIN, Texas, Feb. 16, 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 Partners with Automatic to Expand Indirect Lending Opportunities
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 launched a partner integration with Automatic, a platform that connects automotive lenders with...
Open Lending Partners with CreditSnap to Help Lenders Deliver Informed Decisions, Navigate Refinance Needs
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 launched a partner integration with CreditSnap, a fintech platform that allows financial institutions...
Open Lending Research Uncovers Near- and Non-Prime Consumers' Automotive Financing Hopes and Doubts
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 completed a study on vehicle accessibility and automotive financing perceptions among near- and...
Open Lending Publishes Inaugural ESG Report
Lending enablement provider shares data and insights on the fulfillment of its mission to change lives by making transportation more affordable Lending enablement provider shares data and insights on the fulfillment of its mission to change lives by making transportation...
Near- and Non-Prime Consumers Face Shrinking Access to Automotive Financing in 2023, 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 its first Near- and Non-Prime Consumer Update, a quarterly proprietary data report...
Open Lending Named Winner of 2023 NAFCU Innovation Award
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 been selected as a winner of the 2023 NAFCU Innovation Award for its...
Compared to Estimates, Open Lending (LPRO) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Open Lending (LPRO) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
Open Lending Corporation (LPRO) Q3 2023 Earnings Call Transcript
Open Lending Corporation (NASDAQ:LPRO ) Q3 2023 Earnings Call November 7, 2023 5:00 PM ET Company Participants Keith A. Jezek - Chief Executive Officer Charles D.
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