Open Lending Corp
NASDAQ: LPRO · FINANCIAL SERVICES · CREDIT SERVICES
Updated 2026-06-05
Open Lending Corp (LPRO) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $244919.00 | $279.51M | $79.19M | $294.01M | $318.82M | $379.63M | $374.04M | $296.37M | $236.68M |
| Cash & equivalents | $25000.00 | $1.18M | $7.68M | $101.51M | $116.45M | $204.45M | $240.21M | $243.16M | $176.61M |
| Current assets | $25000.00 | $1.19M | $45.21M | $162.78M | $202.79M | $280.74M | $289.88M | $275.73M | $222.69M |
| Total liabilities | $250601.00 | $9.99M | $313.96M | $267.39M | $159.84M | $166.81M | $168.46M | $218.28M | $161.72M |
| Current liabilities | $250601.00 | $362419.00 | $8.19M | $17.01M | $12.06M | $15.11M | $20.59M | $47.25M | $49.26M |
| Long-term debt | — | — | $829000.00 | $152.86M | $143.13M | $143.68M | $139.36M | $160.43M | $104.84M |
| Shareholder equity | $-5682.00 | $269.52M | $-234.78M | $26.62M | $158.98M | $212.82M | $205.58M | $78.09M | $74.96M |
| Retained earnings | $-30682.00 | $2.65M | $-242.78M | $-428.41M | $-282.44M | $-215.82M | $-193.75M | $-328.76M | $-333.00M |
| Accounts receivable | — | $10.41M | $33.55M | $54.74M | $78.41M | $69.86M | $40.35M | $18.59M | $29.05M |
| Inventory | — | $1.00 | $3.78M | $4.51M | $5.53M | $4.07M | $1.00 | — | — |
| Goodwill | — | — | — | — | — | — | — | — | — |
Frequently asked questions
What is Open Lending Corp's revenue?
Open Lending Corp's trailing twelve-month revenue is $89.31M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is LPRO?
In its most recent fiscal year, LPRO ran a gross margin of 75.52%, an operating margin of 6.43%, and a net margin of -4.54%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does LPRO generate?
LPRO produced $-3.25M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is LPRO's balance sheet healthy?
LPRO holds $176.61M in cash and equivalents against $104.84M in long-term debt, on $74.96M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.