Open Lending Corporation Non-operating Interest Expenses

Non-operating Interest Expenses of LPRO for past 10 years: annual, quarterly and twelve month trailing (TTM) including Non-operating Interest Expenses growth rates and interactive chart. Interest expense that is usually non-recurring and not tied to a company's operations. It is stated separately on the income statement to differentiate it from interest expenses.


Highlights and Quick Summary

  • Non-operating Interest Expenses for the quarter ending December 30, 2020 was $4.39 Million (a 22.76% increase compared to previous quarter)
  • Year-over-year quarterly Non-operating Interest Expenses increased by 2479.41%
  • Annual Non-operating Interest Expenses for 2020 was $11.6 Million (a 3502.8% increase from previous year)
  • Annual Non-operating Interest Expenses for 2019 was $322 Thousand (a -5.57% decrease from previous year)
  • Twelve month Non-operating Interest Expenses ending December 30, 2020 was $11.8 Million (a 57.87% increase compared to previous quarter)
Trailing Non-operating Interest Expenses for the last four month:
30 Dec '20 29 Sep '20 29 Jun '20
$11.8 Million $7.46 Million $3.97 Million
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Historical Non-operating Interest Expenses of Open Lending Corporation

Most recent Non-operating Interest Expensesof LPRO including historical data for past 10 years.

Interactive Chart of Non-operating Interest Expenses of Open Lending Corporation

Open Lending Corporation Non-operating Interest Expenses for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $4.39 $3.57 $3.64 $11.6
2019 $0.17 $0.07 $0.08 $0.32
2018 $0.34

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.