Open Lending Corporation R&D Expenses

R&D Expenses of LPRO for past 10 years: annual, quarterly and twelve month trailing (TTM) including R&D Expenses growth rates and interactive chart. Research and development (R&D) expenses are associated with the research and development of a company's goods or services. A company generally incurs R&D expenses in the process of finding and creating new products or services. It is an operating expense and can be deducted from a company's income taxes.


Highlights and Quick Summary

  • R&D Expenses for the quarter ending December 30, 2020 was $1.04 Million (a 78.93% increase compared to previous quarter)
  • Year-over-year quarterly R&D Expenses increased by 89.4%
  • Annual R&D Expenses for 2020 was $1.96 Million (a 67.86% increase from previous year)
  • Annual R&D Expenses for 2019 was $1.17 Million (a 45.89% increase from previous year)
  • Twelve month R&D Expenses ending December 30, 2020 was $2.51 Million (a 61.9% increase compared to previous quarter)
Trailing R&D Expenses for the last four month:
30 Dec '20 29 Sep '20 29 Jun '20
$2.51 Million $1.55 Million $1.52 Million
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Historical R&D Expenses of Open Lending Corporation

Most recent R&D Expensesof LPRO including historical data for past 10 years.

Interactive Chart of R&D Expenses of Open Lending Corporation

Open Lending Corporation R&D Expenses for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $1.04 $0.58 $0.35 $1.96
2019 $0.55 $0.29 $0.33 $1.17
2018 $0.8

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.