Open Lending Corp
Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers in the United States. The company offers lenders protection platform (LPP), which is a cloud-based automotive lending enablement platform that provides loan analytics solutions and automated issuance of credit default in… Read more
Open Lending Corp (LPRO) - Total Assets
Latest total assets as of September 2025: $287.65 Million USD
Based on the latest financial reports, Open Lending Corp (LPRO) holds total assets worth $287.65 Million USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Open Lending Corp - Total Assets Trend (2017–2024)
This chart illustrates how Open Lending Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Open Lending Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Open Lending Corp's total assets of $287.65 Million consist of 93.0% current assets and 7.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 82.1% |
| Accounts Receivable | $18.59 Million | 6.3% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $5.39 Million | 1.8% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2017–2024)
This chart illustrates how Open Lending Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Open Lending Corp's current assets represent 93.0% of total assets in 2024, an increase from 10.2% in 2017.
- Cash Position: Cash and equivalents constituted 82.1% of total assets in 2024, up from 10.2% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, an increase from 0.0% in 2017.
- Asset Diversification: The largest asset category is accounts receivable at 6.3% of total assets.
Open Lending Corp Competitors by Total Assets
Key competitors of Open Lending Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Pappajack Bhd
KLSE:0242
|
Malaysia | RM361.68 Million |
|
Evergreen Max Cash Capital Berhad
KLSE:0286
|
Malaysia | RM361.11 Million |
|
Samsung Card Co. Ltd.
KO:029780
|
Korea | ₩32.17 Trillion |
|
Yiren Digital Ltd
F:19YA
|
Germany | €14.45 Billion |
|
Yixin Group Limited
F:1YX
|
Germany | €50.34 Billion |
|
BFF Bank S.p.A
F:2BF
|
Germany | €12.13 Billion |
|
Resurs Holding AB (publ)
F:4R6
|
Germany | €50.33 Billion |
|
Aeon Credit Service Bhd
KLSE:5139
|
Malaysia | RM15.62 Billion |
Open Lending Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Open Lending Corp generates 0.08x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Open Lending Corp is currently not profitable relative to its asset base.
Open Lending Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 5.59 | 9.42 | 9.57 |
| Quick Ratio | 5.59 | 9.42 | 9.31 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $223.81 Million | $ 263.45 Million | $ 145.77 Million |
Open Lending Corp - Advanced Valuation Insights
This section examines the relationship between Open Lending Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.22 |
| Latest Market Cap to Assets Ratio | 0.45 |
| Asset Growth Rate (YoY) | -20.8% |
| Total Assets | $296.37 Million |
| Market Capitalization | $131.90 Million USD |
Valuation Analysis
Below Book Valuation: The market values Open Lending Corp's assets below their book value (0.45 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Open Lending Corp's assets decreased by 20.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Open Lending Corp (2017–2024)
The table below shows the annual total assets of Open Lending Corp from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $296.37 Million | -20.77% |
| 2023-12-31 | $374.04 Million | -1.47% |
| 2022-12-31 | $379.63 Million | +19.07% |
| 2021-12-31 | $318.82 Million | +8.44% |
| 2020-12-31 | $294.01 Million | +271.29% |
| 2019-12-31 | $79.19 Million | -71.67% |
| 2018-12-31 | $279.51 Million | +114024.40% |
| 2017-12-31 | $244.92K | -- |