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Open Lending (LPRO) Revenue & Revenue Breakdown

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Open Lending Revenue Highlights

Latest Revenue (Y)

$117.46M

Latest Revenue (Q)

$23.48M

Main Segment (Y)

Program Fee

Open Lending Revenue by Period

Open Lending Revenue by Year

DateRevenueChange
2023-12-31$117.46M-34.60%
2022-12-31$179.59M-16.72%
2021-12-31$215.66M98.04%
2020-12-31$108.89M17.28%
2019-12-31$92.85M77.90%
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

DateRevenueChange
2024-09-30$23.48M-12.16%
2024-06-30$26.73M-13.07%
2024-03-31$30.75M105.80%
2023-12-31$14.94M-42.56%
2023-09-30$26.01M-31.84%
2023-06-30$38.15M-0.54%
2023-03-31$38.36M43.03%
2022-12-31$26.82M-47.06%
2022-09-30$50.66M-2.66%
2022-06-30$52.04M3.95%
2022-03-31$50.07M-3.03%
2021-12-31$51.63M-12.33%
2021-09-30$58.89M-3.65%
2021-06-30$61.13M38.90%
2021-03-31$44.01M11.04%
2020-12-31$39.63M33.17%
2020-09-30$29.76M34.87%
2020-06-30$22.07M26.60%
2020-03-31$17.43M-33.16%
2019-12-31$26.08M17.97%
2019-09-30$22.10M-12.23%
2019-06-30$25.18M29.25%
2019-03-31$19.48M-

Open Lending generated $23.48M in revenue during Q3 2024, up -12.16% compared to the previous quarter, and up 61.53% compared to the same period a year ago.

Open Lending Revenue Breakdown

Open Lending Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 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/ServiceSep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
Profit Share$6.82M$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$14.16M$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$2.49M$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 Sep 24: Program Fee (60.32%), Profit Share (29.06%), and Administrative Service (10.62%).

Open Lending Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
IXORIX$2.81T$776.50B
NAVINavient$4.83B$948.00M
WUWestern Union Company$4.36B$1.04B
FCFSFirstCash$3.15B$837.32M
ENVAEnova$2.12B$689.92M
SLMSLM$1.81B$652.64M
GDOTGreen Dot$1.50B$409.74M
EZPWEZCORP$1.05B$281.42M
MFINMedallion Financial$262.36M$77.00M
LPROOpen Lending$117.46M$23.48M

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 Q3 2024 was $23.48M, a -12.16% decrease from the previous quarter (Q2 2024), and a -9.73% decrease year-over-year (Q3 2023). The company'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). LPRO'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).

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.