NASDAQ : LPRO
Open Lending Corporation — Financial statements
Financials · Credit Services · United States
Last price 3.14 USD (At close: Jul 29, 2026) · Market cap 371.53M
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Financial statements
Open Lending Corporation (LPRO) reported revenue of 89.31M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 89.31M | 93.22M | 24.02M | 117.46M | 179.59M | 215.66M |
| Cost of Revenue | 20.32M | 21.55M | 23.86M | 22.28M | 19.97M | 18.62M |
| Gross Profit | 68.99M | 71.66M | 169.00K | 95.18M | 159.63M | 197.03M |
| Selling, General & Admin | 56.11M | 56.89M | 61.09M | 60.53M | 53.81M | 42.39M |
| Research & Development | 8.28M | 8.78M | 4.46M | 5.58M | 8.21M | 4.35M |
| Operating Expenses | 64.39M | 65.67M | 65.55M | 66.10M | 62.01M | 46.74M |
| Operating Income | 4.60M | 5.99M | -65.38M | 29.07M | 97.61M | 150.29M |
| Interest Expense | -8.40M | -9.66M | -11.32M | -10.66M | -5.83M | -5.86M |
| Interest & Investment Income | 8.31M | 9.32M | 12.09M | 10.34M | 2.00M | 213.00K |
| Other Non Operating Income (Expenses) | -18.00K | -18.00K | 109.00K | -238.00K | -119.00K | |
| EBT Excluding Unusual Items | 4.49M | 5.63M | -64.61M | 28.86M | 93.54M | 144.52M |
| Other Unusual Items | -11.00M | -11.00M | 46.64M | |||
| Pretax Income | -6.51M | -5.37M | -64.61M | 28.86M | 93.54M | 191.17M |
| Income Tax Expense | -1.20M | -1.13M | 70.41M | 6.79M | 26.92M | 45.09M |
| Net Income | -5.31M | -4.24M | -135.01M | 22.07M | 66.62M | 146.08M |
| Net Income to Common | -5.31M | -4.24M | -135.01M | 22.07M | 66.62M | 146.08M |
| Shares Outstanding (Basic) | 118.18M | 118.60M | 119.18M | 120.83M | 126.11M | 126.35M |
| Shares Outstanding (Diluted) | 118.18M | 118.60M | 119.18M | 121.47M | 126.26M | 126.39M |
| EPS (Basic) | -0.04 | -0.04 | -1.13 | 0.18 | 0.53 | 1.16 |
| EPS (Diluted) | -0.05 | -0.04 | -1.13 | 0.18 | 0.53 | 1.16 |
| Free Cash Flow | -131.00K | -3.25M | 17.43M | 82.53M | 107.19M | 95.05M |
| Free Cash Flow Per Share | -0.00 | -0.03 | 0.15 | 0.68 | 0.85 | 0.75 |
| Gross Margin | 77.24% | 76.88% | 0.70% | 81.03% | 88.88% | 91.36% |
| Operating Margin | 5.15% | 6.43% | -272.14% | 24.75% | 54.35% | 69.69% |
| Profit Margin | -5.95% | -4.54% | -561.98% | 18.79% | 37.09% | 67.74% |
| Free Cash Flow Margin | -0.15% | -3.49% | 72.56% | 70.27% | 59.69% | 44.07% |
| EBITDA | 5.02M | 6.30M | -65.10M | 29.43M | 97.93M | 150.81M |
| EBITDA Margin | 5.62% | 6.76% | -271.00% | 25.06% | 54.53% | 69.93% |
| D&A For EBITDA | 422.00K | 310.00K | 274.00K | 359.00K | 315.00K | 525.00K |
| EBIT | 4.60M | 5.99M | -65.38M | 29.07M | 97.61M | 150.29M |
| EBIT Margin | 5.15% | 6.43% | -272.14% | 24.75% | 54.35% | 69.69% |
| Effective Tax Rate | 23.52% | 28.78% | 23.58% | |||
| Revenue as Reported | 89.31M | 93.22M | 24.02M | 117.46M | 179.59M | 215.66M |
| Advertising Expenses | 200.00K | 800.00K | 1.10M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 173.31M | 176.61M | 243.16M | 240.21M | 204.45M | 116.45M |
| Cash & Short-Term Investments | 173.31M | 176.61M | 243.16M | 240.21M | 204.45M | 116.45M |
| Accounts Receivable | 26.32M | 25.84M | 15.03M | 33.32M | 60.15M | 77.07M |
| Other Receivables | 1.00M | 3.21M | 3.56M | 7.04M | 9.71M | 1.34M |
| Receivables | 27.32M | 29.05M | 18.59M | 40.35M | 69.86M | 78.41M |
| Restricted Cash | 11.64M | 11.60M | 10.76M | 6.46M | 4.07M | 3.06M |
| Other Current Assets | 5.86M | 5.42M | 3.21M | 2.85M | 2.36M | 4.87M |
| Total Current Assets | 218.13M | 222.69M | 275.73M | 289.88M | 280.74M | 202.79M |
| Property, Plant & Equipment | 3.25M | 3.52M | 4.61M | 4.82M | 7.18M | 7.85M |
| Other Intangible Assets | 3.82M | 4.05M | 5.39M | 3.09M | ||
| Long-Term Accounts Receivable | 2.38M | 2.89M | 5.09M | 610.00K | 21.00M | 42.41M |
| Long-Term Deferred Tax Assets | 70.11M | 65.13M | 65.50M | |||
| Other Long-Term Assets | 3.51M | 3.53M | 5.56M | 5.54M | 5.58M | 262.00K |
| Total Assets | 231.09M | 236.68M | 296.37M | 374.04M | 379.63M | 318.82M |
| Accounts Payable | 543.00K | 446.00K | 953.00K | 375.00K | 288.00K | 1.28M |
| Accrued Expenses | 5.96M | 8.70M | 5.17M | 8.13M | 6.39M | 3.98M |
| Current Portion of Long-Term Debt | 7.50M | 7.50M | 7.50M | 4.69M | 3.75M | 3.12M |
| Current Portion of Leases | 897.00K | 779.00K | 632.00K | 561.00K | 495.00K | |
| Other Current Liabilities | 35.13M | 31.72M | 32.85M | 6.76M | 4.12M | 3.18M |
| Total Current Liabilities | 49.14M | 49.26M | 47.25M | 20.59M | 15.11M | 12.06M |
| Long-Term Debt | 75.44M | 77.27M | 132.22M | 139.36M | 143.68M | 143.13M |
| Long-Term Leases | 2.13M | 2.38M | 3.27M | 3.45M | 4.08M | 4.64M |
| Other Long-Term Liabilities | 29.06M | 32.81M | 35.54M | 5.06M | 3.94M | |
| Total Liabilities | 155.77M | 161.72M | 218.28M | 168.46M | 166.81M | 159.84M |
| Common Stock | 1.28M | 1.28M | 1.28M | 1.28M | 1.28M | 1.28M |
| Additional Paid-In Capital | 491.95M | 497.66M | 502.66M | 502.03M | 499.62M | 496.98M |
| Retained Earnings | -333.45M | -333.00M | -328.76M | -193.75M | -215.82M | -282.44M |
| Treasury Stock | -84.47M | -90.99M | -97.10M | -103.98M | -72.26M | -56.84M |
| Total Common Equity | 75.31M | 74.96M | 78.09M | 205.58M | 212.82M | 158.98M |
| Shareholders' Equity | 75.31M | 74.96M | 78.09M | 205.58M | 212.82M | 158.98M |
| Total Liabilities & Equity | 231.09M | 236.68M | 296.37M | 374.04M | 379.63M | 318.82M |
| Total Debt | 85.08M | 88.05M | 143.77M | 148.13M | 152.08M | 151.40M |
| Net Cash (Debt) | 88.23M | 88.57M | 99.39M | 92.08M | 52.37M | -34.94M |
| Net Cash Per Share | 0.75 | 0.75 | 0.83 | 0.76 | 0.41 | -0.28 |
| Filing Date Shares Outstanding | 118.22M | 117.68M | 119.78M | 118.88M | 123.69M | 126.22M |
| Total Common Shares Outstanding | 118.22M | 117.66M | 119.35M | 118.82M | 123.65M | 126.21M |
| Working Capital | 168.99M | 173.43M | 228.47M | 269.29M | 265.64M | 190.73M |
| Book Value Per Share | 0.64 | 0.64 | 0.65 | 1.73 | 1.72 | 1.26 |
| Tangible Book Value | 71.50M | 70.91M | 72.70M | 202.49M | 212.82M | 158.98M |
| Tangible Book Value Per Share | 0.60 | 0.60 | 0.61 | 1.70 | 1.72 | 1.26 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -5.31M | -4.24M | -135.01M | 22.07M | 66.62M | 146.08M |
| Depreciation & Amortization | 422.00K | 310.00K | 274.00K | 359.00K | 315.00K | 525.00K |
| Other Amortization | 2.48M | 2.51M | 1.83M | 1.23M | 1.02M | 597.00K |
| Stock-Based Compensation | 6.33M | 7.04M | 8.68M | 9.49M | 5.45M | 3.81M |
| Other Operating Activities | 745.00K | 840.00K | 70.94M | -4.35M | 954.00K | -26.05M |
| Change in Accounts Receivable | 6.69M | -8.61M | 13.81M | 47.22M | 38.33M | -25.94M |
| Change in Accounts Payable | 190.00K | -507.00K | 578.00K | 86.00K | -996.00K | -2.16M |
| Change in Income Taxes | 3.24M | 1.07M | 4.20M | 2.70M | -8.37M | -450.00K |
| Change in Other Net Operating Assets | -14.90M | -1.62M | 52.30M | 3.85M | 4.10M | -1.27M |
| Operating Cash Flow | -120.00K | -3.19M | 17.60M | 82.66M | 107.43M | 95.16M |
| Capital Expenditures | -11.00K | -56.00K | -165.00K | -123.00K | -238.00K | -111.00K |
| Sale (Purchase) of Intangibles | -702.00K | -974.00K | -3.73M | -2.06M | -386.00K | -1.88M |
| Investing Cash Flow | -713.00K | -1.03M | -3.90M | -2.18M | -624.00K | -1.99M |
| Long-Term Debt Issued | 150.00M | 175.00M | ||||
| Long-Term Debt Repaid | -55.50M | -4.69M | -3.75M | -148.59M | -194.19M | |
| Net Debt Issued (Repaid) | -55.50M | -55.50M | -4.69M | -3.75M | 1.41M | -19.19M |
| Repurchase of Common Stock | -5.56M | -5.98M | -1.76M | -38.58M | -18.23M | -20.00M |
| Other Financing Activities | -976.00K | -38.62M | ||||
| Financing Cash Flow | -61.06M | -61.48M | -6.45M | -42.33M | -17.80M | -77.81M |
| Net Cash Flow | -61.90M | -65.71M | 7.25M | 38.15M | 89.01M | 15.36M |
| Free Cash Flow | -131.00K | -3.25M | 17.43M | 82.53M | 107.19M | 95.05M |
| Free Cash Flow Margin | -0.15% | -3.49% | 72.56% | 70.27% | 59.69% | 44.07% |
| Free Cash Flow Per Share | -0.00 | -0.03 | 0.15 | 0.68 | 0.85 | 0.75 |
| Levered Free Cash Flow | 7.32M | -5.08M | -240.38K | 51.51M | 75.93M | 64.83M |
| Unlevered Free Cash Flow | 12.19M | 545.25K | 6.41M | 57.74M | 79.15M | 67.90M |
| Cash Interest Paid | 8.06M | 9.28M | 12.59M | 10.31M | 3.52M | 5.24M |
| Cash Income Tax Paid | -2.21M | -3.91M | 9.07M | 36.11M | 25.28M | |
| Change in Working Capital | -4.78M | -9.66M | 70.89M | 53.86M | 33.07M | -29.82M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 371.53M | 183.19M | 712.52M | 1.02B | 852.53M | 2.84B |
| Enterprise Value | 283.30M | 98.02M | 607.25M | 935.90M | 804.03M | 2.90B |
| Last Close Price | 3.14 | 1.55 | 5.97 | 8.51 | 6.75 | 22.48 |
| PE Ratio | 46.18 | 12.80 | 19.42 | |||
| Forward PE | 22.61 | 15.66 | 36.27 | 34.12 | 13.62 | 27.07 |
| PS Ratio | 4.16 | 1.97 | 29.66 | 8.68 | 4.75 | 13.15 |
| PB Ratio | 4.93 | 2.44 | 9.12 | 4.96 | 4.01 | 17.84 |
| P/TBV Ratio | 5.20 | 2.58 | 9.80 | 5.03 | 4.01 | 17.84 |
| P/FCF Ratio | 40.87 | 12.35 | 7.95 | 29.85 | ||
| P/OCF Ratio | 40.49 | 12.33 | 7.94 | 29.81 | ||
| PEG Ratio | 1.69 | 1.69 | 28.93 | 0.90 | 0.90 | |
| EV/Sales Ratio | 3.17 | 1.05 | 25.28 | 7.97 | 4.48 | 13.44 |
| EV/EBITDA Ratio | 15.55 | 31.80 | 8.21 | 19.21 | ||
| EV/EBIT Ratio | 16.35 | 32.19 | 8.24 | 19.28 | ||
| EV/FCF Ratio | 34.83 | 11.34 | 7.50 | 30.49 | ||
| Debt / Equity Ratio | 1.13 | 1.18 | 1.84 | 0.72 | 0.71 | 0.95 |
| Debt / EBITDA Ratio | 13.01 | 11.31 | 4.81 | 1.53 | 0.99 | |
| Debt / FCF Ratio | 8.25 | 1.79 | 1.42 | 1.59 | ||
| Net Debt / Equity Ratio | -1.17 | -1.18 | -1.27 | -0.45 | -0.25 | 0.22 |
| Net Debt / EBITDA Ratio | -17.57 | -14.05 | 1.53 | -3.13 | -0.54 | 0.23 |
| Net Debt / FCF Ratio | 673.52 | 27.25 | -5.70 | -1.12 | -0.49 | 0.37 |
| Asset Turnover | 0.33 | 0.35 | 0.07 | 0.31 | 0.51 | 0.70 |
| Quick Ratio | 4.08 | 4.17 | 5.54 | 13.63 | 18.16 | 16.15 |
| Current Ratio | 4.44 | 4.52 | 5.83 | 14.08 | 18.58 | 16.81 |
| Return on Equity (ROE) | -6.85% | -5.54% | -95.19% | 10.55% | 35.84% | 157.41% |
| Return on Assets (ROA) | 1.07% | 1.41% | -12.19% | 4.82% | 17.47% | 30.65% |
| Return on Invested Capital (ROIC) | -141.83% | 16.23% | 39.24% | 81.37% | ||
| Return on Capital Employed (ROCE) | 2.50% | 3.20% | -26.20% | 8.20% | 26.80% | 49.00% |
| Earnings Yield | -1.43% | -2.31% | -18.95% | 2.17% | 7.81% | 5.15% |
| FCF Yield | -0.04% | -1.77% | 2.45% | 8.10% | 12.57% | 3.35% |
| Buyback Yield / Dilution | 0.94% | 0.48% | 1.89% | 3.79% | 0.10% | -52.45% |