Open Lending (LPRO) Revenue & Revenue Breakdown
Open Lending Revenue Highlights
Latest Revenue (Y)
$117.46M
Latest Revenue (Q)
$26.73M
Main Segment (Y)
Program Fee
Open Lending Revenue by Period
Open Lending Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $117.46M | -34.60% |
| 2022-12-31 | $179.59M | -16.72% |
| 2021-12-31 | $215.66M | 98.04% |
| 2020-12-31 | $108.89M | 17.28% |
| 2019-12-31 | $92.85M | 77.90% |
| 2018-12-31 | $52.19M | - |
Open Lending generated $117.46M in revenue during NA 2023, up -34.60% compared to the previous quarter, and up 225.05% compared to the same period a year ago.
Open Lending Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $26.73M | -13.07% |
| 2024-03-31 | $30.75M | 105.80% |
| 2023-12-31 | $14.94M | -42.56% |
| 2023-09-30 | $26.01M | -31.84% |
| 2023-06-30 | $38.15M | -0.54% |
| 2023-03-31 | $38.36M | 43.03% |
| 2022-12-31 | $26.82M | -47.06% |
| 2022-09-30 | $50.66M | -2.66% |
| 2022-06-30 | $52.04M | 3.95% |
| 2022-03-31 | $50.07M | -3.03% |
| 2021-12-31 | $51.63M | -12.33% |
| 2021-09-30 | $58.89M | -3.65% |
| 2021-06-30 | $61.13M | 38.90% |
| 2021-03-31 | $44.01M | 11.04% |
| 2020-12-31 | $39.63M | 33.17% |
| 2020-09-30 | $29.76M | 34.87% |
| 2020-06-30 | $22.07M | 26.60% |
| 2020-03-31 | $17.43M | -33.16% |
| 2019-12-31 | $26.08M | 17.97% |
| 2019-09-30 | $22.10M | -12.23% |
| 2019-06-30 | $25.18M | 29.25% |
| 2019-03-31 | $19.48M | - |
Open Lending generated $26.73M in revenue during Q2 2024, up -13.07% compared to the previous quarter, and up 69.67% compared to the same period a year ago.
Open Lending Revenue Breakdown
Open Lending Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|
| Profit Share | $43.30M | $90.06M | $133.22M | $60.39M |
| Program Fee | $64.09M | $80.61M | $75.63M | $43.99M |
| Administrative Service | $10.07M | $8.93M | $6.81M | $4.50M |
| TPA Fee | - | - | - | - |
Open Lending's latest annual revenue breakdown by segment (product or service), as of Dec 23: Program Fee (54.56%), Profit Share (36.86%), and Administrative Service (8.57%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit Share | $13.88M | $6.89M | $17.81M | $18.60M | $6.07M | $26.52M | $29.16M | $28.31M | $31.20M | $35.45M | $38.84M | $27.73M | $25.91M | $18.54M | $12.16M |
| Program Fee | $14.31M | $28.90M | $17.89M | $17.30M | $18.31M | $21.84M | $20.73M | $19.73M | $18.48M | $21.64M | $20.60M | $14.91M | $12.40M | $10.09M | $8.79M |
| Administrative Service | $2.55M | $5.16M | $2.45M | $2.46M | $2.45M | $2.29M | $2.16M | $2.03M | $1.95M | $1.81M | $1.69M | $1.37M | $1.32M | $1.13M | $1.11M |
Open Lending's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Program Fee (46.54%), Profit Share (45.15%), and Administrative Service (8.31%).
Open Lending Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| IX | ORIX | $2.81T | $776.50B |
| NAVI | Navient | $4.83B | $973.00M |
| WU | Western Union Company | $4.36B | $1.07B |
| FCFS | FirstCash | $3.15B | $831.01M |
| ENVA | Enova | $2.12B | $628.44M |
| SLM | SLM | $1.81B | $795.58M |
| GDOT | Green Dot | $1.50B | $407.12M |
| EZPW | EZCORP | $1.05B | $281.42M |
| MFIN | Medallion Financial | $262.36M | $71.80M |
| LPRO | Open Lending | $117.46M | $26.73M |
LPRO Revenue FAQ
What is Open Lending’s yearly revenue?
Open Lending's yearly revenue for 2023 was $117.46M, representing a decrease of -34.60% compared to 2022. The company's yearly revenue for 2022 was $179.59M, representing a decrease of -16.72% compared to 2021. LPRO's yearly revenue for 2021 was $215.66M, representing an increase of 98.04% compared to 2020.
What is Open Lending’s quarterly revenue?
Open Lending's quarterly revenue for Q2 2024 was $26.73M, a -13.07% decrease from the previous quarter (Q1 2024), and a -29.95% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $30.74M, a 105.80% increase from the previous quarter (Q4 2023), and a -19.85% decrease year-over-year (Q1 2023). LPRO's quarterly revenue for Q4 2023 was $14.94M, a -42.56% decrease from the previous quarter (Q3 2023), and a -44.30% decrease year-over-year (Q4 2022).
What is Open Lending’s revenue growth rate?
Open Lending's revenue growth rate for the last 3 years (2021-2023) was -45.53%, and for the last 5 years (2019-2023) was 26.51%.
What are Open Lending’s revenue streams?
Open Lending's revenue streams in c 23 are Profit Share, Program Fee, and Administrative Service. Profit Share generated $43.3M in revenue, accounting 36.86% of the company's total revenue, down -51.92% year-over-year. Program Fee generated $64.09M in revenue, accounting 54.56% of the company's total revenue, down -20.49% year-over-year. Administrative Service generated $10.07M in revenue, accounting 8.57% of the company's total revenue, up 12.77% year-over-year.
What is Open Lending’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Open Lending was Program Fee. This segment made a revenue of $64.09M, representing 54.56% of the company's total revenue.