Open Historical Income Statement
| LPRO Stock | USD 6.12 0.10 1.61% |
Historical analysis of Open Lending income statement accounts such as Income Before Tax of 49.2 M can show how well Open Lending Corp performed in making a profits. Evaluating Open Lending income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Open Lending's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Open Lending Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Open Lending Corp is a good buy for the upcoming year.
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About Open Income Statement Analysis
Open Lending Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Open Lending shareholders. The income statement also shows Open investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Open Lending Income Statement Chart
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Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Total Revenue
Total revenue comprises all receipts Open Lending Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most accounts from Open Lending's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Open Lending Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Open Lending Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Open Lending's Total Revenue is very stable compared to the past year. As of the 11th of December 2024, Gross Profit is likely to grow to about 125.3 M, while Interest Expense is likely to drop about 5.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 1.7M | 1.5M | 1.8M | 1.3M | Interest Income | 213K | 2.0M | 8.9M | 9.4M |
Open Lending income statement Correlations
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Open Lending Account Relationship Matchups
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Open Lending income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 322K | 11.6M | 5.9M | 5.8M | 10.7M | 5.4M | |
| Operating Income | 62.6M | 56.7M | 205.8M | 97.6M | 29.1M | 27.6M | |
| Ebit | 62.6M | (79.4M) | 197.0M | 99.4M | 39.5M | 57.2M | |
| Income Before Tax | 62.5M | (91.0M) | 191.2M | 93.5M | 28.9M | 49.2M | |
| Net Income Applicable To Common Shares | (111.9M) | (90.7M) | 146.1M | 66.6M | 76.6M | 80.4M | |
| Net Income | 62.5M | (97.6M) | 146.1M | 66.6M | 22.1M | 35.8M | |
| Income Tax Expense | (30K) | 6.6M | 45.1M | 26.9M | 6.8M | 13.4M | |
| Tax Provision | 1.0M | 6.6M | 45.1M | 26.9M | 18.2M | 18.1M | |
| Net Interest Income | (298K) | (11.4M) | (5.6M) | (3.8M) | (1.2M) | (1.3M) | |
| Interest Income | 5.8M | 202K | 213K | 2.0M | 8.9M | 9.4M | |
| Depreciation And Amortization | 326K | 1.8M | 1.7M | 1.5M | 1.8M | 1.3M | |
| Selling General Administrative | 13.8M | 32.6M | 30.4M | 36.0M | 43.0M | 30.8M | |
| Selling And Marketing Expenses | 7.5M | 7.8M | 12M | 17.9M | 17.5M | 12.6M | |
| Total Revenue | 92.8M | 108.9M | 215.7M | 179.6M | 117.5M | 140.6M | |
| Gross Profit | 85.0M | 99.1M | 197.0M | 159.6M | 95.2M | 125.3M | |
| Other Operating Expenses | 30.2M | 52.2M | 65.4M | 82.0M | 88.4M | 62.7M | |
| Net Income From Continuing Ops | 62.5M | (97.6M) | 146.1M | 66.6M | 22.7M | 41.9M | |
| Research Development | 1.2M | 2.0M | 4.4M | 8.2M | 5.6M | 4.0M | |
| Ebitda | 62.9M | (77.6M) | 198.7M | 100.9M | 41.3M | 65.1M | |
| Cost Of Revenue | 7.8M | 9.8M | 18.6M | 20.0M | 22.3M | 15.2M | |
| Total Operating Expenses | 22.4M | 42.4M | 46.7M | 62.0M | 66.1M | 47.4M | |
| Reconciled Depreciation | 105K | 1.8M | 1.1M | 1.3M | 1.5M | 1.1M | |
| Total Other Income Expense Net | (101K) | (147.7M) | 40.9M | (4.1M) | (217K) | (227.9K) |
Pair Trading with Open Lending
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Open Lending position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Open Lending will appreciate offsetting losses from the drop in the long position's value.Moving together with Open Stock
The ability to find closely correlated positions to Open Lending could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Open Lending when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Open Lending - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Open Lending Corp to buy it.
The correlation of Open Lending is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Open Lending moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Open Lending Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Open Lending can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Open Lending Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Diversified Capital Markets space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Open Lending. If investors know Open will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Open Lending listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.50) | Earnings Share 0.04 | Revenue Per Share 0.805 | Quarterly Revenue Growth (0.1) | Return On Assets 0.0079 |
The market value of Open Lending Corp is measured differently than its book value, which is the value of Open that is recorded on the company's balance sheet. Investors also form their own opinion of Open Lending's value that differs from its market value or its book value, called intrinsic value, which is Open Lending's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Open Lending's market value can be influenced by many factors that don't directly affect Open Lending's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Open Lending's value and its price as these two are different measures arrived at by different means. Investors typically determine if Open Lending is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Open Lending's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.