Open Lending Corporation Gross Margin

Gross Margin of LPRO for past 10 years: annual, quarterly and twelve month trailing (TTM) including Gross Margin growth rates and interactive chart. Gross profit margin shows the percentage of revenue that exceeds a company's costs of goods sold. It illustrates how well a company is generating revenue from the costs involved in producing their products and services. The higher the margin, the more effective the company's management is in generating revenue for each dollar of cost. Gross profit margin is calculated by subtracting the cost of goods sold from total revenue for the period and dividing that number by revenue. If a company has $200 million in revenue and $80 million in cost of goods sold, the gross margin is 60%.

Highlights and Quick Summary

  • Gross Margin for the quarter ending March 30, 2021 was 92.36% (a -0.16% decrease compared to previous quarter)
  • Year-over-year quarterly Gross Margin increased by 0.7%
  • Annual Gross Margin for 2020 was 91.01% (a 0.0% decrease from previous year)
  • Annual Gross Margin for 2019 was 91.01% (a -0.63% decrease from previous year)
  • Annual Gross Margin for 2019 was 91.59% (a 0.0% decrease from previous year)
  • Twelve month Gross Margin ending March 30, 2021 was 92.14% (a 1.24% increase compared to previous quarter)
  • Twelve month trailing Gross Margin increased by 1.69% year-over-year
Trailing Gross Margin for the last four month:
30 Mar '21 30 Dec '20 29 Sep '20 29 Jun '20
92.14% 91.01% 90.74% 90.61%
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Historical Gross Margin of Open Lending Corporation

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

Interactive Chart of Gross Margin of Open Lending Corporation

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

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 92.36%
2020 92.51% 91.61% 91.72% 85.69% 91.01%
2019 91.62% 91.3% 91.79% 91.59%
2018 91.18%

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.