Open Lending Corporation Net Income

Net Income of LPRO for past 10 years: annual, quarterly and twelve month trailing (TTM) including Net Income growth rates and interactive chart. Net income (NI), also called net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is the profit available to all shareholders, both preferred and common.

Highlights and Quick Summary

  • Net Income for the quarter ending December 30, 2020 was $15.2 Million (a -121.37% decrease compared to previous quarter)
  • Year-over-year quarterly Net Income decreased by -9165.0%
  • Annual Net Income for 2020 was $-97.6 Million (a -3861.14% decrease from previous year)
  • Annual Net Income for 2019 was $2.59 Million (a -3.39% decrease from previous year)
  • Annual Net Income for 2018 was $2.69 Million (a -8846.25% decrease from previous year)
  • Twelve month Net Income ending December 30, 2020 was $-97.6 Million (a -37.17% decrease compared to previous quarter)
  • Twelve month trailing Net Income decreased by -7233.96% year-over-year
Trailing Net Income for the last four month:
30 Dec '20 29 Sep '20 29 Jun '20 30 Mar '20
$-97.6 Million $-155 Million $-69.4 Million $1.37 Million
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Historical Net Income of Open Lending Corporation

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

Interactive Chart of Net Income of Open Lending Corporation

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $15.2 $-71.13 $-41.47 $-0.17 $-97.56
2019 $-42.51 $14.72 $29.33 $1.06 $2.59
2018 $0.97 $0.74 $0.77 $0.21 $2.69
2017 $-0.03 $0.0 – – $-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.
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