Open Lending Corporation Net Debt

Net Debt of LPRO for past 10 years: annual, quarterly and twelve month trailing (TTM) including Net Debt growth rates and interactive chart. Net debt is the sum of all interest-bearing debt (short-term and long-term) minus cash and short-term investments. A positive number indicates the company's total debt exceeds its cash and short-term investments balances, while a negative number means the company has more cash than its total debt. This figure is also used in Enterprise value calculation.

Highlights and Quick Summary

  • Net Debt for the quarter ending June 29, 2021 was $92.5 Million (a 89.88% increase compared to previous quarter)
  • Year-over-year quarterly Net Debt increased by 99.1%
  • Annual Net Debt for 2020 was $48.7 Million (a -17.58% decrease from previous year)
  • Annual Net Debt for 2019 was $59.1 Million (a -751.68% decrease from previous year)
  • Annual Net Debt for 2019 was $-9.07 Million (a 37.72% increase from previous year)
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Historical Net Debt of Open Lending Corporation

Most recent Net Debtof LPRO including historical data for past 10 years.

Interactive Chart of Net Debt of Open Lending Corporation

Open Lending Corporation Net Debt for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $92.5 $48.71
2020 $59.1 $46.46 $130.93 $-0.62 $48.71
2019 $-9.07 $-0.87 $-0.91 $-0.95 $-9.07
2018 $-1.18 $-1.22 $-1.26 $-1.18
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.