Open Lending Corporation Gross Profit

Gross Profit of LPRO for past 10 years: annual, quarterly and twelve month trailing (TTM) including Gross Profit growth rates and interactive chart. Gross profit is a company's net sales revenue minus its cost of goods sold (or cost of revenue). In other words, it is the sales revenue a company retains after incurring the direct costs associated with producing the goods it sells, and the services it provides.

Highlights and Quick Summary

  • Gross Profit for the quarter ending December 30, 2020 was $51.6 Million (a 89.25% increase compared to previous quarter)
  • Year-over-year quarterly Gross Profit increased by 23.61%
  • Annual Gross Profit for 2020 was $99.1 Million (a 16.54% increase from previous year)
  • Annual Gross Profit for 2019 was $85 Million (a 78.7% increase from previous year)
  • Twelve month Gross Profit ending December 30, 2020 was $141 Million (a 28.71% increase compared to previous quarter)
Trailing Gross Profit for the last four month:
30 Dec '20 29 Sep '20 29 Jun '20
$141 Million $109 Million $105 Million
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Historical Gross Profit of Open Lending Corporation

Most recent Gross Profitof LPRO including historical data for past 10 years.

Interactive Chart of Gross Profit of Open Lending Corporation

Open Lending Corporation Gross Profit for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $51.6 $27.27 $20.24 $99.11
2019 $41.74 $20.18 $23.12 $85.04
2018 $47.59

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.