Open Lending Corporation (LPRO) 10-Year Financial Performance & Capital Metrics

LPRO • • Banking & Credit

Financial ServicesCredit ServicesAuto Finance & Vehicle LendingSubprime Auto Finance

AboutOpen 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.Show more

Net Interest Income $773K +337.1%
Total Revenue $24M -79.5%
Net Income -$135M -711.7%
Return on Equity -95.19% -1002.3%
Net Interest Margin 0.26% +399.3%
Efficiency Ratio 272.84% +384.8%
ROA -40.28% -787.7%
Equity / Assets 26.35% -52.1%
Book Value per Share 0.66 -61.3%
Tangible BV/Share 0.61 -64.0%
Debt/Equity 1.84 +155.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Well capitalized: 26.3% equity/assets
✓Diversified revenue: 49.7% from non-interest income

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Weak NIM of 0.3%
✗High cost structure: 272.8% efficiency ratio
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-23.69%

3Y-51.88%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-3379.97%

EPS CAGR

10Y-

5Y-

3Y-

TTM-3618.77%

ROCE

10Y Avg22.25%

5Y Avg19.91%

3Y Avg5.16%

Latest-21.7%

Peer Comparison

Subprime Auto Finance

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CACCCredit Acceptance Corporation	5.22B	473.49	23.82	13.54%	11.62%	28.75%	21.75%	3.63
CPSSConsumer Portfolio Services, Inc.	201.73M	9.14	11.57	11.79%	4.88%	6.34%	100%	10.78
LPROOpen Lending Corporation	260.02M	2.20	-1.95	-79.55%	-5.62%	-206.46%	6.7%	1.84
AIHSSenmiao Technology Limited	4.65M	1.02	-3.09	-21.55%	-109.92%	-109.33%	10.73%	1.07

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	-328K	-298K	-11.4M	-5.65M	-3.84M	-326K	773K
NII Growth %	-	-	0.09%	-37.25%	0.5%	0.32%	0.92%	3.37%
Net Interest Margin %	-	-	-	-	-	-	-	-
Interest Income	408K	13K	24K	202K	213K	2M	10.34M	12.09M
Interest Expense	0	341K	322K	11.6M	5.86M	5.83M	10.66M	11.32M
Loan Loss Provision	3.02M	4.26M	7.48M	-1.81M	12.76M	14.14M	11.62M	12.54M
Non-Interest Income+	31.97M	52.18M	92.82M	108.69M	215.44M	177.6M	107.13M	11.93M
Non-Interest Income %	-	-	-	-	-	-	-	-
Total Revenue+	32.38M	52.19M	92.85M	108.89M	215.66M	179.59M	117.46M	24.02M
Revenue Growth %	-	0.61%	0.78%	0.17%	0.98%	-0.17%	-0.35%	-0.8%
Non-Interest Expense	30.68K	19.11M	22.43M	42.39M	46.74M	62.01M	66.1M	65.55M
Efficiency Ratio	-	-	-	-	-	-	-	-
Operating Income+	-30.68K	28.47M	62.62M	56.72M	150.29M	97.61M	29.07M	-65.38M
Operating Margin %	-	-	-	-	-	-	-	-
Operating Income Growth %	-	929.1%	1.2%	-0.09%	1.65%	-0.35%	-0.7%	-3.25%
Pretax Income+	-30.68K	28.32M	62.51M	-90.99M	191.17M	93.54M	28.86M	-64.61M
Pretax Margin %	-	-	-	-	-	-	-	-
Income Tax+	0	37K	-30K	6.57M	45.09M	26.92M	6.79M	70.41M
Effective Tax Rate %	-	-	-	-	-	-	-	-
Net Income+	-30.68K	28.28M	62.54M	-97.56M	146.08M	66.62M	22.07M	-135.01M
Net Margin %	-	-	-	-	-	-	-	-
Net Income Growth %	-	922.68%	1.21%	-2.56%	2.5%	-0.54%	-0.67%	-7.12%
Net Income (Continuing)	-30.68K	28.28M	62.54M	-97.56M	146.08M	66.62M	22.07M	-135.01M
EPS (Diluted)+	-0.00	0.31	1.66	-1.18	1.16	0.53	0.18	-1.13
EPS Growth %	-	-	4.35%	-1.71%	1.98%	-0.54%	-0.66%	-7.28%
EPS (Basic)	-0.00	0.31	1.66	-1.18	1.16	0.53	0.18	-1.13
Diluted Shares Outstanding	31.25M	91.85M	37.63M	82.91M	126.39M	126.26M	121.47M	119.18M

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	25K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	25K	1.18M	7.68M	101.51M	116.45M	204.45M	240.21M	243.16M
Short Term Investments	0	0	0	0	0	0	0	0
Total Investments+	0	278.32M	0	0	0	0	0	5.09M
Investments Growth %	-	-	-1%	-	-	-	-	-
Long-Term Investments	0	278.32M	0	0	0	0	0	5.09M
Accounts Receivables	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	5.39M
PP&E (Net)	0	305K	299K	6.93M	7.85M	7.18M	7.9M	4.61M
Other Assets	219.92K	-305K	33.67M	39.08M	42.68M	26.58M	6.14M	5.56M
Total Current Assets	25K	1.19M	45.21M	162.78M	202.79M	280.74M	289.88M	275.73M
Total Non-Current Assets	219.92K	278.32M	33.97M	131.23M	116.03M	98.89M	84.16M	20.64M
Total Assets+	244.92K	279.51M	79.19M	294.01M	318.82M	379.63M	374.04M	296.37M
Asset Growth %	-	1140.24%	-0.72%	2.71%	0.08%	0.19%	-0.01%	-0.21%
Return on Assets (ROA)	-0.13%	0.2%	0.35%	-0.52%	0.48%	0.19%	0.06%	-0.4%
Accounts Payable	0	55.4K	1.34M	3.44M	1.28M	288K	375K	953K
Total Debt+	221.2K	5.8M	3.31M	163.25M	151.4M	152.08M	148.13M	143.77M
Net Debt	196.2K	4.61M	-4.36M	61.74M	34.94M	-52.37M	-92.08M	-99.39M
Long-Term Debt	0	3.31M	829K	152.86M	143.13M	143.68M	139.36M	132.22M
Short-Term Debt	221.2K	2.48M	2.48M	4.89M	3.13M	3.75M	4.69M	7.5M
Other Liabilities	0	6.31M	304.94M	92.38M	0	3.94M	5.06M	35.54M
Total Current Liabilities	250.6K	362.42K	8.19M	17.01M	12.06M	15.11M	20.59M	47.25M
Total Non-Current Liabilities	0	9.63M	305.77M	250.38M	147.78M	151.7M	147.87M	171.03M
Total Liabilities	250.6K	9.99M	313.96M	267.39M	159.84M	166.81M	168.46M	218.28M
Total Equity+	-5.68K	269.52M	-234.78M	26.62M	158.98M	212.82M	205.58M	78.09M
Equity Growth %	-	47435.87%	-1.87%	1.11%	4.97%	0.34%	-0.03%	-0.62%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-
Return on Equity (ROE)	-	0.21%	3.6%	-3.66%	1.57%	0.36%	0.11%	-0.95%
Book Value per Share	-0.00	2.93	-6.24	0.32	1.26	1.69	1.69	0.66
Tangible BV per Share	-	-	-	-	-	-	-	-
Common Stock	719	793	376K	1.28M	1.28M	1.28M	1.28M	1.28M
Additional Paid-in Capital	0	0	7.63M	491.25M	496.98M	499.63M	502.03M	502.66M
Retained Earnings	-30.68K	2.65M	-242.78M	-428.41M	-282.44M	-215.82M	-193.75M	-328.76M
Accumulated OCI	0	-791	0	0	0	0	0	0
Treasury Stock	0	0	0	-37.5M	-56.84M	-72.26M	-103.98M	-97.1M
Preferred Stock	0	264.52M	0	0	0	0	0	0

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	13.09M	28.6M	41.76M	24.64M	95.16M	107.43M	82.66M	17.6M
Operating CF Growth %	-	1.18%	0.46%	-0.41%	2.86%	0.13%	-0.23%	-0.79%
Net Income	15.77M	28.28M	62.54M	-97.56M	146.08M	66.62M	22.07M	-135.01M
Depreciation & Amortization	20K	80K	105K	1.77M	525K	915K	1.16M	1.67M
Deferred Taxes	0	0	0	4.73M	20.05M	375K	-4.99M	70.11M
Other Non-Cash Items	-363K	30K	92K	131.93M	-45.5M	1M	1.06M	1.26M
Working Capital Changes	-3.34M	-2.32M	-22.96M	-19.06M	-29.82M	33.07M	53.86M	70.89M
Cash from Investing+	-48K	-106K	-99K	-1.2M	-1.99M	-624K	-2.18M	-3.9M
Purchase of Investments	0	0	0	0	0	0	0	0
Sale/Maturity of Investments	0	0	0	0	0	0	0	0
Net Investment Activity	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	-1.88M	-386K	-2.06M	-3.73M
Cash from Financing+	-14.08M	-21.38M	-44.9M	70.81M	-77.81M	-17.8M	-42.33M	-6.45M
Dividends Paid	-11.79M	-18.88M	-42.4M	-135.6M	0	0	0	0
Share Repurchases	0	0	0	-37.5M	-20M	-18.02M	-37.32M	-1.76M
Stock Issued	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K
Other Financing	0	0	0	80.42M	-38.62M	-1.19M	-1.26M	0
Net Change in Cash+	-1.03M	7.12M	-3.24M	94.25M	15.36M	89.01M	38.15M	7.25M
Exchange Rate Effect	0	0	0	0	0	0	0	0
Cash at Beginning	7.05M	6.02M	13.14M	9.9M	104.15M	119.51M	208.52M	246.67M
Cash at End	6.02M	13.14M	9.9M	104.15M	119.51M	208.52M	246.67M	253.92M
Interest Paid	0	346K	0	10.44M	5.24M	3.52M	10.31M	0
Income Taxes Paid	0	37K	0	144K	25.28M	36.11M	9.07M	0
Free Cash Flow+	13.04M	28.5M	41.66M	23.44M	93.17M	106.81M	80.48M	17.43M
FCF Growth %	-	1.18%	0.46%	-0.44%	2.97%	0.15%	-0.25%	-0.78%

Banking Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	20.98%	360.01%	-366.48%	157.41%	35.84%	10.55%	-95.19%
Return on Assets (ROA)	-12.53%	20.22%	34.87%	-52.29%	47.67%	19.08%	5.86%	-40.28%
Net Interest Margin	0%	-0.12%	-0.38%	-3.88%	-1.77%	-1.01%	-0.09%	0.26%
Efficiency Ratio	0.09%	36.62%	24.15%	38.93%	21.68%	34.53%	56.28%	272.84%
Equity / Assets	-2.32%	96.43%	-296.49%	9.05%	49.86%	56.06%	54.96%	26.35%
Book Value / Share	-0	2.93	-6.24	0.32	1.26	1.69	1.69	0.66
NII Growth	-	-	9.15%	-3725.17%	50.47%	32.04%	91.5%	337.12%
Dividend Payout	-	66.75%	67.79%	-	-	-	-	-

Revenue by Segment

	2020	2021	2022	2023	2024
Program Fee	43.99M	75.63M	80.61M	64.09M	57.04M
Program Fee Growth	-	71.91%	6.59%	-20.49%	-11.00%
Administrative Service	4.5M	6.81M	-	10.07M	10.11M
Administrative Service Growth	-	51.17%	-	-	0.40%
Profit Share	60.39M	133.22M	90.06M	43.3M	-43.12M
Profit Share Growth	-	120.58%	-32.40%	-51.92%	-199.59%
TPA Fee	-	-	-	-	-
TPA Fee Growth	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Open Lending Corporation (LPRO) saw revenue decline by 79.5% over the past year.

Open Lending Corporation (LPRO) reported a net loss of $150.4M for fiscal year 2024.

Dividend & Returns

Open Lending Corporation (LPRO) has a return on equity (ROE) of -95.2%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Open Lending Corporation (LPRO) has a net interest margin (NIM) of 0.3%. NIM has been under pressure due to interest rate environment.

Open Lending Corporation (LPRO) has an efficiency ratio of 272.8%. This is higher than peers, suggesting room for cost optimization.

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