Open Lending Corporation Receivables

Receivables of LPRO for past 10 years: annual, quarterly and twelve month trailing (TTM) including Receivables growth rates and interactive chart. Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivables are listed on the balance sheet as a current asset. AR is any amount of money owed by customers for purchases made on credit. When a company makes a sale, it records revenues and a corresponding balance in accounts receivable. When an invoice is paid, the accounts payable account is reduced and cash is received. Receivables should grow in-line with revenue over time, if they are growing much faster, a company might be booking revenue too aggressively.

Highlights and Quick Summary

  • Receivables for the quarter ending March 30, 2021 was $59.5 Million (a 8.77% increase compared to previous quarter)
  • Year-over-year quarterly Receivables increased by 162.47%
  • Annual Receivables for 2020 was $4.35 Million (a -92.05% decrease from previous year)
  • Annual Receivables for 2019 was $54.7 Million (a 1353.09% increase from previous year)
  • Annual Receivables for 2019 was $3.77 Million (a -88.77% decrease from previous year)
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Historical Receivables of Open Lending Corporation

Most recent Receivablesof LPRO including historical data for past 10 years.

Interactive Chart of Receivables of Open Lending Corporation

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $59.54
2020 $54.74 $31.21 $22.68 $4.35
2019 $3.77 $3.77

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.