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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 |
Open Lending Reports Third Quarter 2023 Financial Results
AUSTIN, Texas, Nov. 07, 2023 (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 third quarter of...
Open Lending Named Finalist for 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, today announced its recognition as a finalist for the 2023 NAFCU Innovation Award for...
Open Lending Expands Auto Lending Inclusivity with Improved Loan Decisioning Accuracy as Vehicle Costs Soar
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 the addition of new alternative data attributes for auto loan applicants to...
Open Lending to Announce Third Quarter 2023 Results on November 7, 2023
AUSTIN, Texas, Oct. 24, 2023 (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 Named Finalist for 2023 CU Times LUMINARIES 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 its nomination as a finalist for the 2023 Credit Union Times LUMINARIES...
Open Lending Launches Awards Program to Honor Vehicle Accessibility Pioneers
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 launch of the Open Lending Economic Vehicle Accessibility Awards (EVAAs). The...
Open Lending Chief Technology Officer Sarah Lackey Joins Forbes Technology Council
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 Chief Technology Officer Sarah Lackey has been elected to the Forbes Technology...
Why Open Lending Stock Was Down 19.2% This Week
Open Lendingʻs second-quarter earnings were down from a year ago. The outlook for the third quarter was less than stellar.
Why Open Lending Stock Was Tanking Today
Open Lending beat consensus revenue estimates in Q2, despite a year-over-year decline. The lackluster third-quarter guidance likely contributed to the sell-off Wednesday.
Open Lending (LPRO) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for Open Lending (LPRO) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Source: https://incomestatements.info
Category: Stock Reports