Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, and non-bank auto finance companies 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.
Revenue of Open Lending Corporation (LPRO)
Revenue in 2023 (TTM): $117.46 M
According to Open Lending Corporation's latest financial reports the company's current revenue (TTM) is $117.46 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Open Lending Corporation
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $117.46 M | $95.18 M | $30.23 M | $28.86 M | $22.07 M |
| 2022 | $179.59 M | $159.63 M | $100.71 M | $93.54 M | $66.62 M |
| 2021 | $215.66 M | $197.03 M | $206.93 M | $191.17 M | $146.08 M |
| 2020 | $108.89 M | $99.11 M | $54.31 M | $-90,991,000 | $-97,564,000 |
| 2019 | $92.85 M | $85.04 M | $62.94 M | $62.51 M | $62.54 M |
| 2018 | $52.19 M | $47.59 M | $28.74 M | $28.32 M | $28.28 M |
| 2017 | $32.38 M | $29.36 M | $16.17 M | $-30,682 | $-30,682 |