Open Lending Corporation
NASDAQ:LPRO · NASDAQ Global Market
+$0.01 today
Vol 7.64M · Avg 1.75M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NASDAQ:LPRO · Revenue to Net Income
Key Ratios
Analysis
$89.3M of revenue converted into -$5.3M of net income for the selected period. Gross margin is 77.1% and net margin is -5.2%, showing how much revenue survives after costs and taxes. EPS is $-0.05, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $93.2M +288.0% | $24.0M -79.5% | $117.5M -34.6% | $179.6M -16.7% | $215.7M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $22.8M -4.4% | $23.9M +7.1% | $22.3M +11.6% | $20.0M +7.2% | $18.6M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $70.4M +41558.0% | $169.0K -99.8% | $95.2M -40.4% | $159.6M -19.0% | $197.0M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 75.5% +74.8pp | 0.7% -80.3pp | 81.0% -7.9pp | 88.9% -2.5pp | 91.4% | 9.8% | 28.9% | 38.3% |
| Research & Development | $8.8M +96.7% | $4.5M -20.0% | $5.6M -32.1% | $8.2M +88.5% | $4.4M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $77.4M +26.7% | $61.1M +0.9% | $60.5M +12.5% | $53.8M +26.9% | $42.4M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $64.4M -1.7% | $65.5M -0.8% | $66.1M +6.6% | $62.0M +32.7% | $46.7M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $2.4M +44.0% | $1.7M -5.9% | $1.8M +94.4% | $915.0K +74.3% | $525.0K | $374.2M | $1.2B | $631.8M |
| EBITDA | $8.4M +116.3% | -$51.6M -225.0% | $41.3M -58.8% | $100.3M -49.2% | $197.6M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 9.0% +223.9pp | -214.8% -250.0pp | 35.2% -20.7pp | 55.8% -35.8pp | 91.6% | 5.6% | 46.3% | 42.0% |
| Operating Income | $6.0M +109.2% | -$65.4M -324.9% | $29.1M -70.2% | $97.6M -35.0% | $150.3M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 6.4% +278.6pp | -272.1% -296.9pp | 24.8% -29.6pp | 54.4% -15.3pp | 69.7% | 16.6% | 24.1% | 22.0% |
| Interest Income | $9.3M -22.9% | $12.1M +17.0% | $10.3M +418.0% | $2.0M +836.6% | $213.0K | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $9.7M -14.6% | $11.3M +6.2% | $10.7M +82.8% | $5.8M -0.5% | $5.9M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$11.4M -1570.0% | $773.0K +456.2% | -$217.0K +94.7% | -$4.1M -110.0% | $40.9M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$5.4M +91.7% | -$64.6M -323.9% | $28.9M -69.1% | $93.5M -51.1% | $191.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -5.8% +263.2pp | -268.9% -293.5pp | 24.6% -27.5pp | 52.1% -36.6pp | 88.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | -$1.1M -101.6% | $70.4M +937.2% | $6.8M -74.8% | $26.9M -40.3% | $45.1M | $1.3B | -$1.6B | $745.2M |
| Net Income | -$4.2M +96.9% | -$135.0M -711.7% | $22.1M -66.9% | $66.6M -54.4% | $146.1M | $4.9B | $4.8B | $4.7B |
| Net Margin | -4.5% +557.4pp | -562.0% -580.8pp | 18.8% -18.3pp | 37.1% -30.6pp | 67.7% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$0 +96.8% | -$1 -727.8% | $0 -66.0% | $1 -54.3% | $1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$0 +96.8% | -$1 -727.8% | $0 -66.0% | $1 -54.3% | $1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $118.6M -0.5% | $119.2M -1.4% | $120.8M -4.2% | $126.1M -0.2% | $126.4M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $118.6M -0.5% | $119.2M -1.9% | $121.5M -3.8% | $126.3M -0.1% | $126.4M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Roman DBDR Acquisition Corp. II
NASDAQ:DRDB
$241.96M
Virginia National Bankshares Corporation
NASDAQ:VABK
$240.08M
Oportun Financial Corporation
NASDAQ:OPRT
$237.15M
Currenc Group, Inc.
NASDAQ:CURR
$226.66M
Medallion Financial Corp.
NASDAQ:MFIN
$226.34M
Consumer Portfolio Services, Inc.
NASDAQ:CPSS
$209.61M
CPI Card Group Inc.
NASDAQ:PMTS
$205.30M
James River Group Holdings, Ltd.
NASDAQ:JRVR
$179.63M
Finance Of America Companies Inc.
NYSE:FOA
$178.81M
Yiren Digital Ltd.
NYSE:YRD
$98.24M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does LPRO generate?
Open Lending Corporation (LPRO) reported $93.22M of revenue in fiscal 2025.
Is LPRO profitable?
Open Lending Corporation (LPRO) reported -$4,236,000.00 of net income, with a net margin of -4.5%.
Explore More
Continue the stock analysis
Jump to another research area for this company.