What is Open Lending Corporation's net margin?

Open Lending Corporation (LPRO) reported net margin of 20.8% in Q3 2023.

How has Open Lending Corporation's net margin changed year-over-year?

Open Lending Corporation's net margin decreased by 56.9% year-over-year, from 48.3% to 20.8%.

What is the long-term trend for Open Lending Corporation's net margin?

Over 2 years (2020 to 2022), Open Lending Corporation's net margin has grown at a -33.7% compound annual growth rate (CAGR), from -89.6% to 39.4%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Open Lending Corporation LPRO Net margin

Net margin at other companies

Henry (Jack) & AssociatesJKHY

20.6%+2.1pp

Green DotGDOT

-3.3%—

Upstart Holdings, Inc.UPST

4.3%+2.6pp

SoFi Technologies, Inc.SOFI

14.6%-2.6pp

Pagaya TechnologiesPGY

7.4%+4.0pp

Primis Financial Corp.FRST

21.9%+19.6pp

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

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

Calculated from Open Lending Corporation’s reported figures.

net income/total revenue=20.8%

Based on trailing twelve months.

The official record: Open Lending Corporation’s 10-Q, filed November 8, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Open Lending Corporation's net margin?: Open Lending Corporation (LPRO) reported net margin of 20.8% in Q3 2023.
How has Open Lending Corporation's net margin changed year-over-year?: Open Lending Corporation's net margin decreased by 56.9% year-over-year, from 48.3% to 20.8%.
What is the long-term trend for Open Lending Corporation's net margin?: Over 2 years (2020 to 2022), Open Lending Corporation's net margin has grown at a -33.7% compound annual growth rate (CAGR), from -89.6% to 39.4%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.