Open Lending Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	117.46	179.59	215.66	108.89	92.85	52.19
Revenue Growth (YoY)	-34.60%	-16.72%	98.04%	17.28%	77.90%	-
Cost of Revenue	22.28	19.97	18.62	9.79	7.81	4.6
Gross Profit	95.18	159.63	197.03	99.11	85.04	47.59
Selling, General & Admin	60.53	53.81	42.39	40.43	21.26	18.31
Research & Development	5.58	8.21	4.35	1.96	1.17	0.8
Other Operating Expenses	0	0	0	0	-0.2	-0.17
Operating Expenses	66.1	62.01	46.75	42.39	22.23	18.95
Operating Income	29.08	97.62	150.29	56.72	62.81	28.64
Interest Expense / Income	10.66	5.83	5.86	11.6	0.32	0.34
Other Expense / Income	-10.44	-1.76	-46.74	136.11	-0.02	-0.01
Pretax Income	28.86	93.54	191.17	-90.99	62.51	28.32
Income Tax	6.79	26.92	45.09	6.57	-0.03	0.04
Net Income	22.07	66.62	146.08	-97.56	62.54	28.28
Preferred Dividends	0	0	0	-6.85	174.48	72.38
Net Income Common	22.07	66.62	146.08	-90.72	-111.94	-44.1
Net Income Growth	-66.87%	-54.40%	-	-	-	-
Shares Outstanding (Basic)	121	126	126	83	38	38
Shares Outstanding (Diluted)	121	126	126	83	38	38
Shares Change	-3.79%	-0.10%	52.45%	120.32%	-	-
EPS (Basic)	0.18	0.53	1.16	-1.09	-2.97	-1.17
EPS (Diluted)	0.18	0.53	1.16	-1.09	-2.97	-1.17
EPS Growth	-66.04%	-54.31%	-	-	-	-
Free Cash Flow	80.48	106.81	93.17	23.44	41.66	28.5
Free Cash Flow Per Share	0.67	0.85	0.74	0.28	1.11	0.76
Gross Margin	81.03%	88.88%	91.37%	91.01%	91.59%	91.18%
Operating Margin	24.75%	54.35%	69.69%	52.09%	67.65%	54.88%
Profit Margin	18.79%	37.09%	67.74%	-83.31%	-120.56%	-84.49%
Free Cash Flow Margin	68.52%	59.47%	43.20%	21.53%	44.87%	54.60%
Effective Tax Rate	23.52%	28.78%	23.58%	-	-0.05%	0.13%
EBITDA	41.3	100.87	198.1	-77.62	62.94	28.74
EBITDA Margin	35.16%	56.16%	91.86%	-71.28%	67.79%	55.06%
Depreciation & Amortization	1.78	1.49	1.07	1.77	0.11	0.08
EBIT	39.52	99.37	197.03	-79.39	62.84	28.66
EBIT Margin	33.64%	55.33%	91.36%	-72.91%	67.68%	54.91%

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).