Balance Sheet Open Lending Corporation

Equities

LPRO

US68373J1043

Professional Information Services

Market Closed - Nasdaq Other stock markets 04:00:00 2025-07-08 pm EDT			5-day change	1st Jan Change
2.430 ^USD	+5.65%		+22.73%	-59.30%

Jun. 30	Open Lending Corporation Appoints Jessica Buss as Interim Principal Accounting Officer and Interim Principal Financial Officer, Effective June 29, 2025	CI
Jun. 30	Open Lending Corporation Announces Termination of Charles Jehl as Interim Chief Financial Officer Changes, Effective June 29, 2025	CI

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Published financial data: OPEN LENDING CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	109M	216M	180M	117M	24.02M
Total Revenues	109M	216M	180M	117M	24.02M
Cost of Goods Sold, Total	9.79M	18.62M	19.97M	22.28M	23.86M
Gross Profit	99.11M	197M	160M	95.18M	169K
Selling General & Admin Expenses, Total	31.31M	42.39M	53.81M	60.53M	61.08M
R&D Expenses	1.96M	4.35M	8.2M	5.58M	4.46M
Other Operating Expenses, Total	33.28M	46.74M	62.01M	66.1M	65.55M
Operating Income	65.83M	150M	97.62M	29.08M	-65.38M
Interest Expense, Total	-11.6M	-5.86M	-5.83M	-10.66M	-11.32M
Interest And Investment Income	202K	213K	2M	10.34M	12.09M
Net Interest Expenses	-11.4M	-5.65M	-3.84M	-326K	773K
Other Non Operating Income (Expenses)	-4.38M	-119K	-238K	109K	-
EBT, Excl. Unusual Items	50.05M	145M	93.54M	28.86M	-64.6M
Merger & Related Restructuring Charges	-9.11M	-	-	-	-
Other Unusual Items	-132M	46.64M	-	-	-
EBT, Incl. Unusual Items	-90.99M	191M	93.54M	28.86M	-64.6M
Income Tax Expense	6.57M	45.09M	26.92M	6.79M	70.4M
Earnings From Continuing Operations	-97.56M	146M	66.62M	22.07M	-135M
Net Income to Company	-97.56M	146M	66.62M	22.07M	-135M
Net Income - (IS)	-97.56M	146M	66.62M	22.07M	-135M
Preferred Dividend and Other Adjustments	-6.85M	-	-	-	-
Net Income to Common Incl Extra Items	-90.72M	146M	66.62M	22.07M	-135M
Net Income to Common Excl. Extra Items	-90.72M	146M	66.62M	22.07M	-135M
Per Share Items
Net EPS - Basic	-1.09	1.16	0.53	0.18	-1.13
Basic EPS - Continuing Operations	-1.09	1.16	0.53	0.18	-1.13
Basic Weighted Average Shares Outstanding	82.91M	126M	126M	121M	119M
Net EPS - Diluted	-1.09	1.16	0.53	0.18	-1.13
Diluted EPS - Continuing Operations	-1.09	1.16	0.53	0.18	-1.13
Diluted Weighted Average Shares Outstanding	82.91M	126M	126M	121M	119M
Normalized Basic EPS	0.38	0.71	0.46	0.15	-0.34
Normalized Diluted EPS	0.38	0.71	0.46	0.15	-0.34
Payout Ratio	-138.98	-	-	-	-
Supplemental Items
EBITDA	67.42M	151M	98.95M	30.23M	-65.1M
EBITA	65.83M	150M	97.62M	29.08M	-65.38M
EBIT	65.83M	150M	97.62M	29.08M	-65.38M
EBITDAR	68.35M	153M	100M	31.59M	-63.78M
Total Revenues (As Reported)	109M	216M	180M	117M	24.02M
Effective Tax Rate - (Ratio)	-7.22	23.58	28.78	23.52	-108.98
Current Domestic Taxes	1.84M	25.03M	26.54M	11.77M	292K
Total Current Taxes	1.84M	25.03M	26.54M	11.77M	292K
Deferred Domestic Taxes	4.73M	20.06M	375K	-4.98M	70.11M
Total Deferred Taxes	4.73M	20.06M	375K	-4.98M	70.11M
Normalized Net Income	31.28M	90.33M	58.46M	18.04M	-40.38M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	800K
Selling and Marketing Expenses	7.84M	12M	17.86M	17.48M	17.22M
General and Administrative Expenses	23.47M	30.39M	35.95M	43.04M	43.87M
Research And Development Expense From Footnotes	1.96M	4.35M	8.2M	5.58M	4.46M
Net Rental Expense, Total	929K	1.41M	1.36M	1.35M	1.33M
Imputed Operating Lease Interest Expense	1.04M	419K	418K	769K	824K
Imputed Operating Lease Depreciation	-106K	989K	943K	585K	504K
Stock-Based Comp., COGS (Total)	123K	130K	339K	684K	624K
Stock-Based Comp., R&D Exp. (Total)	46K	217K	395K	385K	-
Stock-Based Comp., S&M Exp. (Total)	81K	366K	687K	858K	-
Stock-Based Comp., G&A Exp. (Total)	2.62M	3.1M	4.03M	7.56M	-
Stock-Based Comp., Other (Total)	-	-	-	-	8.05M
Total Stock-Based Compensation	2.88M	3.82M	5.45M	9.49M	8.68M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	102M	116M	204M	240M	243M
Total Cash And Short Term Investments	102M	116M	204M	240M	243M
Accounts Receivable, Total	54.74M	77.07M	60.15M	33.32M	15.03M
Other Receivables	-	1.34M	9.71M	7.04M	3.56M
Total Receivables	54.74M	78.41M	69.86M	40.36M	18.59M
Prepaid Expenses	1.87M	2.48M	-	-	-
Restricted Cash	2.64M	3.06M	4.07M	6.46M	10.76M
Other Current Assets, Total	2.02M	2.39M	2.36M	2.85M	3.22M
Total Current Assets	163M	203M	281M	290M	276M
Gross Property Plant And Equipment	7.26M	-	-	-	-
Accumulated Depreciation	-330K	-	-	-	-
Net Property Plant And Equipment	6.93M	7.85M	7.18M	7.9M	4.61M
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	-	-	-	-	5.39M
Accounts Receivable Long-Term	38.96M	42.41M	21M	610K	5.09M
Deferred Tax Assets Long-Term	85.22M	65.5M	65.13M	70.11M	-
Deferred Charges Long-Term	-	-	300K	300K	-
Other Long-Term Assets, Total	124K	262K	5.28M	5.24M	5.56M
Total Assets	294M	319M	380M	374M	296M
Liabilities
Accounts Payable, Total	3.44M	1.28M	288K	375K	953K
Accrued Expenses, Total	3.03M	3.98M	6.39M	8.13M	5.17M
Current Portion of Long-Term Debt	4.89M	3.12M	3.75M	4.69M	7.5M
Current Portion of Leases	364K	495K	561K	632K	779K
Current Income Taxes Payable	1.64M	-	-	-	-
Other Current Liabilities	3.64M	3.18M	4.12M	6.76M	32.85M
Total Current Liabilities	17.01M	12.06M	15.11M	20.59M	47.25M
Long-Term Debt	153M	143M	144M	139M	132M
Long-Term Leases	5.14M	4.64M	4.08M	3.45M	3.27M
Other Non Current Liabilities	92.38M	-	3.94M	5.06M	35.54M
Total Liabilities	267M	160M	167M	168M	218M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	1.28M	1.28M	1.28M	1.28M	1.28M
Additional Paid In Capital	491M	497M	500M	502M	503M
Retained Earnings	-428M	-282M	-216M	-194M	-329M
Treasury Stock	-37.5M	-56.84M	-72.26M	-104M	-97.1M
Total Common Equity	26.62M	159M	213M	206M	78.09M
Total Equity	26.62M	159M	213M	206M	78.09M
Total Liabilities And Equity	294M	319M	380M	374M	296M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	127M	126M	124M	119M	120M
ECS Total Common Shares Outstanding	127M	126M	124M	119M	119M
Book Value / Share	0.21	1.26	1.72	1.73	0.65
Tangible Book Value	26.62M	159M	213M	206M	72.7M
Tangible Book Value Per Share	0.21	1.26	1.72	1.73	0.61
Total Debt	163M	151M	152M	148M	144M
Net Debt	61.74M	34.94M	-52.37M	-92.08M	-99.4M
Debt Equivalent Oper. Leases	7.43M	11.26M	10.89M	10.83M	10.62M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	1.08M	-	-	-	-
Full Time Employees	104	132	180	210	205

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-97.56M	146M	66.62M	22.07M	-135M
Depreciation & Amortization - CF	1.77M	1.12M	1.34M	1.16M	274K
Depreciation & Amortization, Total	1.77M	1.12M	1.34M	1.16M	274K
Amortization of Deferred Charges, Total - (CF)	-	-	-	428K	1.83M
Stock-Based Compensation (CF)	2.83M	3.82M	5.45M	9.49M	8.68M
Other Operating Activities, Total	137M	-26.04M	954K	-4.35M	70.94M
Change In Accounts Receivable	-26.98M	-25.94M	38.33M	47.22M	13.81M
Change In Accounts Payable	2.1M	-2.16M	-996K	86K	578K
Change In Income Taxes	1.64M	-450K	-8.37M	2.7M	4.2M
Change in Other Net Operating Assets	4.17M	-1.27M	4.1M	3.85M	52.3M
Cash from Operations	24.64M	95.16M	107M	82.66M	17.6M
Capital Expenditure	-1.2M	-1.99M	-624K	-123K	-165K
Sale (Purchase) of Intangible assets	-	-	-	-2.06M	-3.73M
Cash from Investing	-1.2M	-1.99M	-624K	-2.18M	-3.9M
Long-Term Debt Issued, Total	170M	175M	150M	-	-
Total Debt Issued	170M	175M	150M	-	-
Long-Term Debt Repaid, Total	-6.52M	-194M	-149M	-3.75M	-4.69M
Total Debt Repaid	-6.52M	-194M	-149M	-3.75M	-4.69M
Issuance of Common Stock	105M	-	-	-	-
Repurchase of Common Stock	-37.5M	-20M	-18.23M	-38.58M	-1.76M
Common & Preferred Stock Dividends Paid	-136M	-	-	-	-
Common & Preferred Stock Dividends Paid	-136M	-	-	-	-
Other Financing Activities, Total	-24.92M	-38.62M	-976K	-	-
Cash from Financing	70.81M	-77.81M	-17.8M	-42.33M	-6.45M
Net Change in Cash	94.25M	15.36M	89.01M	38.15M	7.26M
Supplemental Items
Cash Interest Paid	10.44M	5.24M	3.52M	10.31M	12.59M
Cash Income Tax Paid (Refund)	144K	25.28M	36.11M	9.08M	-3.91M
Levered Free Cash Flow	19.66M	64.83M	75.93M	51.51M	-240K
Unlevered Free Cash Flow	26.91M	68.49M	79.57M	57.74M	6.41M
Change In Net Working Capital	17.68M	28.39M	-12.4M	-31.1M	-40.81M
Net Debt Issued / Repaid	163M	-19.19M	1.41M	-3.75M	-4.69M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	22.05	30.65	17.47	4.82	-12.19
Return on Total Capital	31.25	37.55	18.07	5.06	-14.2
Return On Equity %	-201.61	157.41	35.84	10.55	-95.19
Return on Common Equity	87.16	157.41	35.84	10.55	-95.19
Margin Analysis
Gross Profit Margin %	91.01	91.37	88.88	81.03	0.7
SG&A Margin	28.76	19.66	29.96	51.53	254.27
EBITDA Margin %	61.91	70.21	55.1	25.74	-271
EBITA Margin %	60.45	69.69	54.35	24.75	-272.14
EBIT Margin %	60.45	69.69	54.35	24.75	-272.14
Income From Continuing Operations Margin %	-89.6	67.74	37.09	18.79	-561.98
Net Income Margin %	-89.6	67.74	37.09	18.79	-561.98
Net Avail. For Common Margin %	-83.31	67.74	37.09	18.79	-561.98
Normalized Net Income Margin	28.73	41.89	32.55	15.36	-168.07
Levered Free Cash Flow Margin	18.05	30.06	42.28	43.85	-1
Unlevered Free Cash Flow Margin	24.71	31.76	44.31	49.16	26.66
Asset Turnover
Asset Turnover	0.58	0.7	0.51	0.31	0.07
Fixed Assets Turnover	30.11	29.17	23.89	15.57	5.1
Receivables Turnover (Average Receivables)	2.47	3.27	2.62	2.51	0.99
Short Term Liquidity
Current Ratio	9.57	16.81	18.58	14.08	5.84
Quick Ratio	9.19	16.15	18.16	13.63	5.54
Operating Cash Flow to Current Liabilities	1.45	7.89	7.11	4.01	0.37
Days Sales Outstanding (Average Receivables)	148.37	111.54	139.44	145.23	368.28
Average Days Payable Outstanding	89.37	46.33	14.38	5.43	10.19
Long Term Solvency
Total Debt/Equity	613.21	95.23	71.46	72.05	184.11
Total Debt / Total Capital	85.98	48.78	41.68	41.88	64.8
LT Debt/Equity	593.48	92.95	69.43	69.47	173.51
Long-Term Debt / Total Capital	83.21	47.61	40.49	40.37	61.07
Total Liabilities / Total Assets	90.95	50.14	43.94	45.04	73.65
EBIT / Interest Expense	5.67	25.65	16.74	2.73	-5.78
EBITDA / Interest Expense	5.89	26.08	17.2	2.96	-5.64
(EBITDA - Capex) / Interest Expense	5.79	25.74	17.09	2.95	-5.65
Total Debt / EBITDA	2.39	0.99	1.52	4.69	-2.25
Net Debt / EBITDA	0.9	0.23	-0.52	-2.91	1.56
Total Debt / (EBITDA - Capex)	2.43	1	1.53	4.71	-2.25
Net Debt / (EBITDA - Capex)	0.92	0.23	-0.53	-2.93	1.55
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	17.28	98.04	-16.72	-34.6	-79.55
Gross Profit, 1 Yr. Growth %	16.54	98.81	-18.99	-40.37	-99.82
EBITDA, 1 Yr. Growth %	7.49	124.58	-34.65	-69.32	-321.19
EBITA, 1 Yr. Growth %	5.13	128.3	-35.05	-70.21	-324.86
EBIT, 1 Yr. Growth %	5.13	128.3	-35.05	-70.21	-324.86
Earnings From Cont. Operations, 1 Yr. Growth %	-255.99	-249.73	-54.4	-66.87	-711.74
Net Income, 1 Yr. Growth %	-255.99	-249.73	-54.4	-66.87	-711.74
Normalized Net Income, 1 Yr. Growth %	-19.93	188.74	-35.28	-69.15	-323.87
Diluted EPS Before Extra, 1 Yr. Growth %	-63.22	-205.66	-54.31	-65.93	-729.35
Accounts Receivable, 1 Yr. Growth %	63.16	40.79	-21.95	-44.61	-54.9
Net Property, Plant and Equip., 1 Yr. Growth %	2.22K	13.24	-8.52	10.02	-4.34
Total Assets, 1 Yr. Growth %	271.29	8.44	19.07	-1.47	-20.77
Tangible Book Value, 1 Yr. Growth %	-111.34	497.18	33.87	-3.4	-64.1
Common Equity, 1 Yr. Growth %	-111.34	497.18	33.87	-3.4	-62.02
Cash From Operations, 1 Yr. Growth %	-41	286.18	12.9	-23.06	-78.71
Capital Expenditures, 1 Yr. Growth %	1.11K	66.14	-68.6	-48.32	34.15
Levered Free Cash Flow, 1 Yr. Growth %	76.81	230.58	17.11	-32.16	-100.47
Unlevered Free Cash Flow, 1 Yr. Growth %	137.73	154.98	16.17	-27.04	-88.91
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	44.44	52.4	28.42	-26.2	-63.43
Gross Profit, 2 Yr. CAGR %	44.31	52.21	26.91	-30.5	-96.75
EBITDA, 2 Yr. CAGR %	53.66	55.37	30.59	-55.23	-18.46
EBITA, 2 Yr. CAGR %	52.05	54.93	31.19	-56.02	-18.16
EBIT, 2 Yr. CAGR %	52.05	54.93	31.19	-56.02	-18.16
Earnings From Cont. Operations, 2 Yr. CAGR %	85.74	52.83	-17.37	-61.13	42.36
Net Income, 2 Yr. CAGR %	85.74	52.83	-17.37	-61.13	42.36
Normalized Net Income, 2 Yr. CAGR %	32.95	52.05	51.15	-55.31	-16.89
Diluted EPS Before Extra, 2 Yr. CAGR %	-3.37	-37.66	-30.52	-60.54	46.44
Accounts Receivable, 2 Yr. CAGR %	129.35	51.56	4.83	-34.25	-50.02
Net Property, Plant and Equip., 2 Yr. CAGR %	376.81	412.45	1.78	0.32	-19.91
Total Assets, 2 Yr. CAGR %	243.73	100.66	13.63	8.31	-11.64
Tangible Book Value, 2 Yr. CAGR %	-55.47	-17.71	182.74	13.71	-41.55
Common Equity, 2 Yr. CAGR %	-55.47	-17.71	182.74	13.71	-39.43
Cash From Operations, 2 Yr. CAGR %	-7.18	50.95	108.81	-6.8	-59.53
Capital Expenditures, 2 Yr. CAGR %	235.9	348	-27.77	5.27	-16.74
Levered Free Cash Flow, 2 Yr. CAGR %	-	141.48	120.2	-10.87	-94.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	145.99	86.37	-7.78	-71.55
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	49.82	60.47	24.6	2.56	-51.88
Gross Profit, 3 Yr. CAGR %	50.01	60.58	23.36	-1.34	-90.5
EBITDA, 3 Yr. CAGR %	60.94	74.38	16.42	-19.53	-24.42
EBITA, 3 Yr. CAGR %	59.73	74.11	15.95	-19.97	-24.23
EBIT, 3 Yr. CAGR %	59.73	74.11	15.95	-19.97	-24.23
Earnings From Cont. Operations, 3 Yr. CAGR %	83.58	72.87	2.13	-39.07	-2.59
Net Income, 3 Yr. CAGR %	83.58	72.87	2.13	-39.07	-2.59
Normalized Net Income, 3 Yr. CAGR %	46.78	72.17	14.38	-11	-23.54
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-0.45	-43.79	-45.21	-0.68
Accounts Receivable, 3 Yr. CAGR %	-	94.92	21.48	-15.25	-42.01
Net Property, Plant and Equip., 3 Yr. CAGR %	-	195.28	188.54	4.46	-16.28
Total Assets, 3 Yr. CAGR %	-	134	68.62	8.36	-2.41
Tangible Book Value, 3 Yr. CAGR %	-	5.79	-3.22	97.66	-22.96
Common Equity, 3 Yr. CAGR %	-	5.79	-3.22	97.66	-21.1
Cash From Operations, 3 Yr. CAGR %	23.47	49.29	37.02	49.7	-43.03
Capital Expenditures, 3 Yr. CAGR %	192.08	165.64	84.72	-53.15	14.13
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	89.72	48.72	-84.52
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	91.56	36.09	-54.48
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	40.86	17.61	-23.69
Gross Profit, 5 Yr. CAGR %	-	-	40.3	14.87	-71.18
EBITDA, 5 Yr. CAGR %	-	-	43.66	1.15	0.75
EBITA, 5 Yr. CAGR %	-	-	43.3	0.42	0.87
EBIT, 5 Yr. CAGR %	-	-	43.3	0.42	0.87
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	33.4	-4.84	16.64
Net Income, 5 Yr. CAGR %	-	-	33.4	-4.84	16.64
Normalized Net Income, 5 Yr. CAGR %	-	-	42.66	0.38	0.66
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-31.25	-17.56
Accounts Receivable, 5 Yr. CAGR %	-	-	-	26.21	-14.84
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	91.73	72.8
Total Assets, 5 Yr. CAGR %	-	-	-	71.95	30.21
Tangible Book Value, 5 Yr. CAGR %	-	-	-	8.89	-20.9
Common Equity, 5 Yr. CAGR %	-	-	-	8.89	-19.76
Cash From Operations, 5 Yr. CAGR %	-	-	52.34	23.65	-15.87
Capital Expenditures, 5 Yr. CAGR %	-	-	67.03	3.02	10.76
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-53.55
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-10.76