Open Lending Corporation Accounts Payable

Accounts Payable of LPRO for past 10 years: annual, quarterly and twelve month trailing (TTM) including Accounts Payable growth rates and interactive chart. Accounts payable (AP) represents a company's obligation to pay off a short-term debt to its creditors or suppliers. Accounts payable are amounts due to vendors or suppliers for goods or services received that have not yet been paid for. The sum of all outstanding amounts owed to vendors is shown as the accounts payable balance on the company's balance sheet. The increase or decrease in total AP from the prior period appears on the cash flow statement.

Highlights and Quick Summary

  • Accounts Payable for the quarter ending December 30, 2020 was $3.44 Million (a 50.77% increase compared to previous quarter)
  • Year-over-year quarterly Accounts Payable increased by 280.33%
  • Annual Accounts Payable for 2020 was $3.44 Million (a 157.44% increase from previous year)
  • Annual Accounts Payable for 2019 was $1.34 Million (a 11837.5% increase from previous year)
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Historical Accounts Payable of Open Lending Corporation

Most recent Accounts Payableof LPRO including historical data for past 10 years.

Interactive Chart of Accounts Payable of Open Lending Corporation

Open Lending Corporation Accounts Payable for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $3.44 $2.28 $3.09 $0.91 $3.44
2019 $1.34 $0.01 $0.01 $1.34
2018 $0.01 $0.01 $0.01 $0.01

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.