Open Lending Corporation Accrued Expenses

Accrued Expenses of LPRO for past 10 years: annual, quarterly and twelve month trailing (TTM) including Accrued Expenses growth rates and interactive chart. Accrued expense is expense which has been incurred but not yet paid. Expense must be recorded in the accounting period in which it is incurred. Therefore, accrued expense must be recognized in the accounting period in which it occurs rather than in the following period in which it will be paid.

Highlights and Quick Summary

  • Accrued Expenses for the quarter ending June 29, 2021 was $5.07 Million (a 26.94% increase compared to previous quarter)
  • Year-over-year quarterly Accrued Expenses increased by 259.83%
  • Annual Accrued Expenses for 2020 was $3.03 Million (a 51.2% increase from previous year)
  • Annual Accrued Expenses for 2019 was $2.01 Million (a 6723.13% increase from previous year)
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Historical Accrued Expenses of Open Lending Corporation

Most recent Accrued Expensesof LPRO including historical data for past 10 years.

Interactive Chart of Accrued Expenses of Open Lending Corporation

Open Lending Corporation Accrued Expenses for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $5.07 $3.99
2020 $3.03 $1.41 $0.92 $3.03
2019 $2.01 $2.01
2018 $0.06 $0.17
2017 $0.03

Business Profile of Open Lending Corporation

Sector: Financial Services
Industry: Credit Services
Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, 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.