Open Lending Corporation (LPRO)

Open Lending Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	109.84	117.46	179.59	215.66	108.89	92.85
Revenue Growth (YoY)	-34.57%	-34.60%	-16.72%	98.04%	17.28%	77.90%
Cost of Revenue	22.6	22.28	19.97	18.62	9.79	7.81
Gross Profit	87.24	95.18	159.63	197.03	99.11	85.04
Selling, General & Admin	62.12	60.53	53.81	42.39	40.43	21.26
Research & Development	5.82	5.58	8.21	4.35	1.96	1.17
Other Operating Expenses	0	0	0	0	0	-0.2
Operating Expenses	67.94	66.1	62.01	46.75	42.39	22.23
Operating Income	19.3	29.08	97.62	150.29	56.72	62.81
Interest Expense / Income	11.04	10.66	5.83	5.86	11.6	0.32
Other Expense / Income	-11.35	-10.44	-1.76	-46.74	136.11	-0.02
Pretax Income	19.61	28.86	93.54	191.17	-90.99	62.51
Income Tax	4.99	6.79	26.92	45.09	6.57	-0.03
Net Income	14.62	22.07	66.62	146.08	-97.56	62.54
Preferred Dividends	0	0	0	0	-6.85	174.48
Net Income Common	14.62	22.07	66.62	146.08	-90.72	-111.94
Net Income Growth	-73.90%	-66.87%	-54.40%	-	-	-
Shares Outstanding (Basic)	119	121	126	126	83	38
Shares Outstanding (Diluted)	119	121	126	126	83	38
Shares Change	-3.25%	-3.79%	-0.10%	52.45%	120.32%	-
EPS (Basic)	0.11	0.18	0.53	1.16	-1.09	-2.97
EPS (Diluted)	0.11	0.18	0.53	1.16	-1.09	-2.97
EPS Growth	-75.00%	-66.04%	-54.31%	-	-	-
Free Cash Flow	61.67	80.48	106.81	93.17	23.44	41.66
Free Cash Flow Per Share	0.52	0.67	0.85	0.74	0.28	1.11
Gross Margin	79.42%	81.03%	88.88%	91.37%	91.01%	91.59%
Operating Margin	17.57%	24.75%	54.35%	69.69%	52.09%	67.65%
Profit Margin	13.31%	18.79%	37.09%	67.74%	-83.31%	-120.56%
Free Cash Flow Margin	56.14%	68.52%	59.47%	43.20%	21.53%	44.87%
Effective Tax Rate	25.45%	23.52%	28.78%	23.58%	-	-0.05%
EBITDA	32.57	41.3	100.87	198.1	-77.62	62.94
EBITDA Margin	29.65%	35.16%	56.16%	91.86%	-71.28%	67.79%
Depreciation & Amortization	1.92	1.78	1.49	1.07	1.77	0.11
EBIT	30.65	39.52	99.37	197.03	-79.39	62.84
EBIT Margin	27.91%	33.64%	55.33%	91.36%	-72.91%	67.68%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).