Open Lending Corporation Working Capital

Working Capital of LPRO for past 10 years: annual, quarterly and twelve month trailing (TTM) including Working Capital growth rates and interactive chart. Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable. Net operating working capital is a measure of a company's liquidity and refers to the difference between operating current assets and operating current liabilities. In many cases these calculations are the same and are derived from company cash plus accounts receivable plus inventories, less accounts payable and less accrued expenses. Working capital is a measure of a company's liquidity, operational efficiency and its short-term financial health. If a company has substantial positive working capital, then it should have the potential to invest and grow. If a company's current assets do not exceed its current liabilities, then it may have trouble growing or paying back creditors, or even go bankrupt.

Highlights and Quick Summary

  • Working Capital for the quarter ending March 30, 2021 was $172 Million (a 18.05% increase compared to previous quarter)
  • Year-over-year quarterly Working Capital increased by 313.5%
  • Annual Working Capital for 2020 was $146 Million (a 0.0% decrease from previous year)
  • Annual Working Capital for 2019 was $146 Million (a 293.77% increase from previous year)
  • Annual Working Capital for 2019 was $37 Million (a 3.01% increase from previous year)
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Historical Working Capital of Open Lending Corporation

Most recent Working Capitalof LPRO including historical data for past 10 years.

Interactive Chart of Working Capital of Open Lending Corporation

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $172.08
2020 $145.77 $143.98 $41.62 $-0.69 $145.77
2019 $37.02 $-0.28 $0.27 $0.56 $37.02
2018 $0.83 $0.9 $1.12 $0.83
2017 $-0.23

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.