Open Lending Corporation Cost of Revenue

Cost of Revenue of LPRO for past 10 years: annual, quarterly and twelve month trailing (TTM) including Cost of Revenue growth rates and interactive chart. Cost of revenue refers to the direct costs attributable to the production of the goods or supply of services by an entity. It is also commonly known as the “cost of goods sold (COGS)”. Cost of sales measures the cost of goods produced or services provided in a period by an entity. It includes the cost of the direct materials used in producing the goods, direct labor costs used to produce the good, along with any other direct costs associated with the production of goods. In case of services cost of sales includes the labor cost or salaries of the employees and other directly attributable costs. Cost of sales does not include indirect expenses such as distribution costs and marketing costs. It appears on the income statement and is deducted from the sales revenue for the calculation of gross profit (or gross margin).

Highlights and Quick Summary

  • Cost of Revenue for the quarter ending December 30, 2020 was $5.46 Million (a 118.87% increase compared to previous quarter)
  • Year-over-year quarterly Cost of Revenue increased by 43.16%
  • Annual Cost of Revenue for 2020 was $9.79 Million (a 25.37% increase from previous year)
  • Annual Cost of Revenue for 2019 was $7.81 Million (a 69.59% increase from previous year)
  • Twelve month Cost of Revenue ending December 30, 2020 was $13.6 Million (a 63.62% increase compared to previous quarter)
Trailing Cost of Revenue for the last four month:
30 Dec '20 29 Sep '20 29 Jun '20
$13.6 Million $8.31 Million $9.63 Million
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Historical Cost of Revenue of Open Lending Corporation

Most recent Cost of Revenueof LPRO including historical data for past 10 years.

Interactive Chart of Cost of Revenue of Open Lending Corporation

Open Lending Corporation Cost of Revenue for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $5.46 $2.5 $1.83 $9.79
2019 $3.82 $1.92 $2.07 $7.81
2018 $4.6

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.