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Open Lending Corporation LPRO Payments to Develop Software

Payments to Develop Software at other companies

Henry (Jack) & Associates logo
Henry (Jack) & AssociatesJKHY
$47.52M+6.8%

Other financials

Income statement

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Revenue$20.5M-16.0%
Gross profit$15.6M-14.6%
Operating income-$633.0K-183%
Net income-$460.0K-175%
EPS (diluted)$0.00-100%

Balance sheet

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Cash & equivalents$185.0M-25.1%
Total debt$85.1M-39.7%
Total equity$75.3M-5.7%
Total assets$231.1M-24.0%

Cash flow

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Operating cash flow-$764.0K+80.1%
CapEx--100%
Free cash flow-$764.0K+80.3%

Valuation

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Market cap$369.17M+47.5%
Enterprise value$269.29M+86.4%
P/S4.1×—

Profitability

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Gross margin77.2%—
Operating margin32.6%-30.1pp
Net margin20.8%-27.5pp
FCF margin58.3%-4.1pp

Returns & leverage

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Return on equity-102.5%—
Debt / equity1.1×-0.6×
Current ratio4.4×-1.8×

Where this comes from

Reported directly by Open Lending Corporation in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToDevelopSoftware.

The official record: Open Lending Corporation’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Open Lending Corporation's payments to develop software?
Open Lending Corporation (LPRO) reported payments to develop software of $289K in Q1 2026.
How has Open Lending Corporation's payments to develop software changed year-over-year?
Open Lending Corporation's payments to develop software decreased by 48.5% year-over-year, from $561K to $289K.
What is the long-term trend for Open Lending Corporation's payments to develop software?
Over 4 years (2021 to 2025), Open Lending Corporation's payments to develop software has grown at a -15.1% compound annual growth rate (CAGR), from $1.88M to $974K.
What does payments to develop software mean?
Captures the cash outflows dedicated to the internal development and enhancement of proprietary software platforms and technology infrastructure. This investment is critical for maintaining a competitive edge in automated lending and risk-modeling capabilities. High levels of expenditure in this area demonstrate a commitment to product innovation and long-term operational efficiency.