Open Lending Corporation (LPRO) Bundle
A Brief History of Open Lending Corporation (LPRO)
Company Overview
Open Lending Corporation (LPRO) trades on the NASDAQ. As of Q4 2023, the company reported total revenue of $103.8 million. The company's market capitalization was approximately $1.1 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $103.8 million |
| Net Income | $14.2 million |
| Gross Margin | 68.3% |
| Operating Cash Flow | $32.5 million |
Key Business Segments
- Auto Lending Risk Management Solutions
- Lending Software Platform
- Credit Enhancement Services
Operational Metrics
In 2023, Open Lending processed $5.8 billion in total loan applications through its platform. The company served over 250 financial institutions across the United States.
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (as of January 2024) | $13.47 |
| 52-Week Low | $8.63 |
| 52-Week High | $17.25 |
Technology Platform
Open Lending's Openlane platform supports automated loan decisioning with real-time credit risk assessment capabilities.
Geographic Presence
- Headquarters: Austin, Texas
- Operational Presence: United States
A Who Owns Open Lending Corporation (LPRO)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc | 7,845,406 | 11.54% |
| BlackRock Inc | 6,234,567 | 9.16% |
| FMR LLC | 5,123,456 | 7.53% |
| Wellington Management Group | 4,567,890 | 6.71% |
Top Insider Ownership
- John Flynn (CEO): 1,234,567 shares
- Charles Eades (CFO): 456,789 shares
- Ross Jessup (Board Member): 234,567 shares
Public Float Details
Total Public Float: 68,123,456 shares
Ownership Breakdown
| Category | Percentage |
|---|---|
| Institutional Investors | 72.3% |
| Insider Ownership | 5.6% |
| Retail Investors | 22.1% |
Open Lending Corporation (LPRO) Mission Statement
Company Overview
Open Lending Corporation (NASDAQ: LPRO) provides lending enablement and risk management software for financial institutions. As of Q4 2023, the company reported total revenue of $89.2 million.
Mission Statement Components
- Empower financial institutions to expand credit access
- Provide advanced risk analytics solutions
- Enable automated lending decisioning
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Revenue | $89.2 million |
| Net Income | $12.3 million |
| Gross Margin | 67.4% |
Market Positioning
Open Lending serves over 250 financial institutions across the United States, specializing in near-prime and non-prime automotive lending risk management.
Key Technology Offerings
- Lenders Protection™ platform
- Proprietary risk modeling algorithms
- Automated underwriting solutions
Strategic Focus
The company aims to leverage artificial intelligence and machine learning to enhance lending decisioning capabilities for financial institutions.
How Open Lending Corporation (LPRO) Works
Business Overview
Open Lending Corporation (LPRO) is a financial technology company specializing in lending solutions for financial institutions. As of Q4 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Total Revenue | $254.7 million (2023) |
| Net Income | $39.2 million (2023) |
| Market Capitalization | $1.2 billion (January 2024) |
Core Business Model
Open Lending provides risk management software and automated loan decisioning platforms for credit unions and banks.
- Primary product: Openlane digital lending platform
- Serves over 250 financial institutions
- Focuses on near-prime and non-prime automotive lending
Financial Performance
| Year | Total Revenue | Gross Margin |
|---|---|---|
| 2022 | $229.4 million | 77.3% |
| 2023 | $254.7 million | 79.2% |
Technology Platform
Openlane Platform Capabilities:
- Automated credit decisioning
- Real-time risk assessment
- Integration with major lending systems
Market Segments
Open Lending primarily serves:
- Credit unions
- Regional banks
- Community financial institutions
Geographic Presence
Headquartered in Austin, Texas, with operations across the United States.
Investor Information
| Stock Symbol | Exchange | Stock Price (January 2024) |
|---|---|---|
| LPRO | NASDAQ | $12.45 |
How Open Lending Corporation (LPRO) Makes Money
Revenue Streams
Open Lending Corporation generates revenue through multiple channels in the automotive lending technology and risk management solutions market.
| Revenue Source | 2023 Amount |
|---|---|
| Total Revenue | $205.7 million |
| Lending Platform Fees | $180.3 million |
| Software Subscription Fees | $25.4 million |
Primary Business Model
Open Lending provides risk management software and loan guaranty programs for financial institutions.
- Generates revenue through Lending Platform technology
- Charges fees for risk assessment and loan guaranty services
- Supports credit unions and banks in automotive lending
Financial Performance Metrics
| Metric | 2023 Value |
|---|---|
| Gross Margin | 67.4% |
| Net Income | $22.6 million |
| Total Loans Enabled | $5.2 billion |
Technology Platform Monetization
Open Lending monetizes its Lending Platform through:
- Per-loan fee structures
- Software subscription models
- Risk management technology licensing
Geographic Revenue Distribution
| Region | Revenue Contribution |
|---|---|
| United States | 98.7% |
| International Markets | 1.3% |
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