Open Lending Corporation Operating Income

Operating Income of LPRO for past 10 years: annual, quarterly and twelve month trailing (TTM) including Operating Income growth rates and interactive chart. Operating income is the amount of profit realized from a business's operations, after deducting operating expenses such as wages, depreciation, and cost of goods sold (COGS). Operating income–also called income from operations–takes a company's gross income, which is equivalent to total revenue minus COGS, and subtracts all operating expenses. A business's operating expenses are costs incurred from normal operating activities and include items such as office supplies and utilities. Operating income is measured before interest and tax expenses and is a good gauge of a company's operational profitability.

Highlights and Quick Summary

  • Operating Income for the quarter ending December 30, 2020 was $34.1 Million (a 74.55% increase compared to previous quarter)
  • Year-over-year quarterly Operating Income decreased by -3831.86%
  • Annual Operating Income for 2020 was $56.7 Million (a -2621.76% decrease from previous year)
  • Annual Operating Income for 2019 was $-2.25 Million (a 285.71% increase from previous year)
  • Annual Operating Income for 2018 was $-583 Thousand (a 1799.35% increase from previous year)
  • Twelve month Operating Income ending December 30, 2020 was $56.7 Million (a 60.31% increase compared to previous quarter)
  • Twelve month trailing Operating Income increased by 28.1% year-over-year
Trailing Operating Income for the last four month:
30 Dec '20 29 Sep '20 29 Jun '20 30 Mar '20
$56.7 Million $35.4 Million $30.6 Million $44.3 Million
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Historical Operating Income of Open Lending Corporation

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

Interactive Chart of Operating Income of Open Lending Corporation

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $34.13 $19.55 $3.95 $-0.91 $56.72
2019 $12.79 $14.82 $17.58 $-0.15 $-2.25
2018 $-0.13 $-0.17 $-0.15 $-0.14 $-0.58
2017 $-0.29 $-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.