LPRO (LPRO)
Open Lending Corporation
NASDAQ:LPROFinancial Services · Financial - Credit Services
Mkt Cap-
Float95.92M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$93.22M
Net Income-$4.24M
Total Assets$236.68M
Free Cash Flow-$3.25M
Debt & Equity
Debt 54%
Equity 46%
Total Debt$88.05M
Total Equity$74.96M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in LPRO's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$236.68M
Liabilities$161.72M
Accounts Receivable$29.05M
Accounts Payable$446K
Inventory$0
PP&E (Net)$3.52M
Goodwill$0
Intangible Assets$4.05M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $93.22M | $24.02M | $117.46M | $179.59M | $215.66M | $108.89M | $92.85M | $52.19M | $32.38M |
| YoY Growth | 288.0% | -79.5% | -34.6% | -16.7% | 98.0% | 17.3% | 77.9% | 61.2% | - |
| Cost of Revenue | $22.82M | $23.86M | $22.28M | $19.97M | $18.62M | $9.79M | $7.81M | $4.6M | $3.02M |
| Gross Profit | $70.4M | $169K | $95.18M | $159.63M | $197.03M | $99.11M | $85.04M | $47.59M | $29.36M |
| Gross Margin | 75.5% | 0.7% | 81.0% | 88.9% | 91.4% | 91.0% | 91.6% | 91.2% | 90.7% |
| Research and Development | $8.78M | $4.46M | $5.58M | $8.21M | $4.35M | $1.96M | $1.17M | $802K | $691K |
| Selling, General, and Administrative | $77.41M | $61.09M | $60.53M | $53.81M | $42.39M | $40.42M | $21.26M | $18.31M | $31K |
| Other | -$21.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $64.41M | $65.55M | $66.1M | $62.01M | $46.74M | $42.39M | $22.43M | $19.11M | $31K |
| Operating Income (EBIT) | $5.99M | -$65.38M | $29.07M | $97.61M | $150.29M | $56.72M | $62.62M | $28.47M | -$31K |
| Operating Margin | 6.4% | -272.1% | 24.8% | 54.4% | 69.7% | 52.1% | 67.4% | 54.6% | -0.1% |
| Interest Expense | $9.66M | $11.32M | $10.66M | $5.83M | $5.86M | $11.6M | $322K | $341K | $0 |
| Interest Income | $9.32M | $12.09M | $10.34M | $2M | $213K | $202K | $24K | $13K | $408K |
| Other Income (Expense) | -$11.36M | $773K | -$217K | -$4.08M | $40.88M | -$147.71M | -$101K | -$158K | $0 |
| Income Before Tax (EBT) | -$5.37M | -$64.61M | $28.86M | $93.54M | $191.17M | -$90.99M | $62.51M | $28.32M | -$31K |
| Income Tax Expense | -$1.13M | $70.41M | $6.79M | $26.92M | $45.09M | $6.57M | -$30K | $37K | $0 |
| Net Income | -$4.24M | -$135.01M | $22.07M | $66.62M | $146.08M | -$97.56M | $62.54M | $28.28M | -$31K |
| Net Income Margin | -4.5% | -562.0% | 18.8% | 37.1% | 67.7% | -89.6% | 67.4% | 54.2% | -0.1% |
| Supplementary Data | |||||||||
| EPS | -0.04 | -1.13 | 0.18 | 0.53 | 1.16 | -1.18 | 1.66 | 0.31 | -0.00 |
| Diluted EPS | -0.04 | -1.13 | 0.18 | 0.53 | 1.16 | -1.18 | 1.66 | 0.31 | -0.00 |
| Weighted Average OS | 118.60M | 119.18M | 120.83M | 126.11M | 126.35M | 82.91M | 37.63M | 91.85M | 31.25M |
| EBITDA | $8.4M | -$51.61M | $40.68M | $100.29M | $197.55M | -$77.62M | $62.94M | $28.74M | $16.17M |
| EBITDA Margin | 9.0% | -214.8% | 34.6% | 55.8% | 91.6% | -71.3% | 67.8% | 55.1% | 49.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $176.61M | $243.16M | $240.21M | $204.45M | $116.45M | $101.51M | $7.68M | $1.18M | $25K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $176.61M | $243.16M | $240.21M | $204.45M | $116.45M | $101.51M | $7.68M | $1.18M | $25K |
| Accounts Receivable | $29.05M | $18.59M | $40.35M | $69.86M | $78.41M | $54.74M | $33.55M | $10.41M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $17.02M | $13.97M | $9.31M | $6.43M | $5.45M | $4.65M | $3.51M | $5K | $0 |
| Total Current Assets | $222.69M | $275.73M | $289.88M | $280.74M | $202.79M | $162.78M | $45.21M | $1.19M | $25K |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $3.52M | $4.61M | $7.9M | $7.18M | $7.85M | $6.93M | $299K | $305K | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $4.05M | $5.39M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $2.89M | $5.09M | $0 | $0 | $0 | $0 | $0 | $278.32M | $0 |
| Deferred Tax Assets | $0 | $0 | $70.11M | $65.13M | $65.5M | $85.22M | $0 | $0 | $0 |
| Other Long-Term Assets | $3.53M | $5.56M | $6.14M | $26.58M | $42.68M | $39.08M | $33.67M | -$305K | $220K |
| Total Long-Term Assets | $13.99M | $20.64M | $84.16M | $98.89M | $116.03M | $131.23M | $33.97M | $278.32M | $220K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $236.68M | $296.37M | $374.04M | $379.63M | $318.82M | $294.01M | $79.19M | $279.51M | $245K |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $446K | $953K | $375K | $288K | $1.28M | $3.44M | $1.34M | $55K | $0 |
| Short-Term Debt | $7.5M | $7.5M | $4.69M | $3.75M | $3.13M | $4.89M | $2.48M | $2.48M | $221K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $1.64M | $0 | $55K | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.18M | $0 |
| Other Current Liabilities | $31.72M | $32.85M | $6.76M | $4.12M | $3.18M | $3.64M | $2.37M | $2.7M | $29K |
| Total Current Liabilities | $49.26M | $47.25M | $20.59M | $15.11M | $12.06M | $17.01M | $8.19M | $362K | $251K |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $77.27M | $132.22M | $139.36M | $143.68M | $143.13M | $152.86M | $829K | $3.31M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $32.81M | $35.54M | $5.06M | $3.94M | $0 | $92.38M | $304.94M | $6.31M | $0 |
| Total Long-Term Liabilities | $112.46M | $171.03M | $147.87M | $151.7M | $147.78M | $250.38M | $305.77M | $9.63M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $161.72M | $218.28M | $168.46M | $166.81M | $159.84M | $267.39M | $313.96M | $9.99M | $251K |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $264.52M | $0 |
| Common Stock | $1.28M | $1.28M | $1.28M | $1.28M | $1.28M | $1.28M | $376K | $793 | $719 |
| Retained Earnings | -$333M | -$328.76M | -$193.75M | -$215.82M | -$282.44M | -$428.41M | -$242.78M | $2.65M | -$31K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$791 | $0 |
| Other Stockholders' Equity | $406.67M | $405.56M | $398.05M | $427.36M | $440.14M | $453.75M | $7.63M | $266.87M | $24K |
| Total Equity | $74.96M | $78.09M | $205.58M | $212.82M | $158.98M | $26.62M | -$234.78M | $269.52M | -$6K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $236.68M | $296.37M | $374.04M | $379.63M | $318.82M | $294.01M | $79.19M | $279.51M | $245K |
| Supplementary Data | |||||||||
| Total Debt | $88.05M | $143.77M | $148.13M | $152.08M | $151.4M | $163.25M | $3.31M | $5.8M | $221K |
| Net Debt | -$88.57M | -$99.39M | -$92.08M | -$52.37M | $34.94M | $61.74M | -$4.36M | $4.61M | $196K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | -$4.24M | -$135.01M | $22.07M | $66.62M | $146.08M | -$97.56M | $62.54M | $28.28M | $15.77M |
| Depreciation & Amortization | $2.41M | $1.67M | $1.16M | $915K | $525K | $1.77M | $105K | $80K | $20K |
| Deferred Income Tax | $0 | $70.11M | -$4.99M | $375K | $20.05M | $4.73M | $0 | $0 | $0 |
| Stock-Based Compensation | $7.04M | $8.68M | $9.49M | $5.45M | $3.81M | $2.83M | $1.98M | $2.53M | $1M |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$8.61M | $18.01M | $47.22M | $29.96M | -$26.39M | -$585K | -$1.83M | -$443K | -$3.86M |
| Inventory | $0 | $0 | $0 | $0 | $0 | -$20.03M | $0 | $0 | $0 |
| Accounts Payable | -$507K | $578K | $86K | -$996K | -$2.16M | $2.1M | $583K | $378K | $0 |
| Other Working Capital | -$547K | $52.3M | $6.55M | $4.1M | -$1.27M | -$548K | -$21.72M | -$2.25M | $523K |
| Total Working Capital Change | -$9.66M | $70.89M | $53.86M | $33.07M | -$29.82M | -$19.06M | -$22.96M | -$2.32M | -$3.34M |
| Other Non-Cash Items | $1.25M | $1.26M | $1.06M | $1M | -$45.5M | $131.93M | $92K | $30K | -$363K |
| Net Cash from Operating | -$3.19M | $17.6M | $82.66M | $107.43M | $95.16M | $24.64M | $41.76M | $28.6M | $13.09M |
| Investing Activities | |||||||||
| Capital Expenditures | -$56K | -$165K | -$123K | -$238K | -$111K | -$1.2M | -$99K | -$106K | -$48K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$974K | -$3.73M | -$2.06M | -$386K | -$1.88M | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$1.03M | -$3.9M | -$2.18M | -$624K | -$1.99M | -$1.2M | -$99K | -$106K | -$48K |
| Financing Activities | |||||||||
| Debt Repaid | $55.5M | $4.69M | $3.75M | -$1.41M | $69.19M | -$163.48M | $2.5M | $2.5M | $2.29M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$4.89M | $0 | -$37.32M | -$18.02M | -$20M | -$37.5M | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | -$135.6M | -$42.4M | -$18.88M | -$11.79M |
| Other Financing Activities | -$1.1M | -$1.76M | -$1.26M | -$1.19M | -$38.62M | $80.42M | $0 | $0 | $0 |
| Net Cash from Financing | -$61.48M | -$6.45M | -$42.33M | -$17.8M | -$77.81M | $70.81M | -$44.9M | -$21.38M | -$14.08M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$65.71M | $7.25M | $38.15M | $89.01M | $15.36M | $94.25M | -$3.24M | $7.12M | -$1.03M |
| Supplementary Data | |||||||||
| Operating Cash Flow | -$3.19M | $17.6M | $82.66M | $107.43M | $95.16M | $24.64M | $41.76M | $28.6M | $13.09M |
| Capital Expenditure | -$56K | -$165K | -$2.18M | -$624K | -$1.99M | -$1.2M | -$99K | -$106K | -$48K |
| Free Cash Flow | -$3.25M | $17.43M | $80.48M | $106.81M | $93.17M | $23.44M | $41.66M | $28.5M | $13.04M |
| Cash at Beginning | $253.92M | $246.67M | $208.52M | $119.51M | $104.15M | $9.9M | $13.14M | $6.02M | $7.05M |
| Cash at End | $188.22M | $253.92M | $246.67M | $208.52M | $119.51M | $104.15M | $9.9M | $13.14M | $6.02M |