NASDAQ$LPRO
Open Lending Corporation · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Open Lending's third quarter results for 2020 showed an increase in certified loans, revenue, and Adjusted EBITDA compared to the third quarter of 2019.
Open Lending reported an 8% increase in certified loans, a 35% increase in revenue, and a 29% increase in Adjusted EBITDA compared to the third quarter of 2019. Total revenue was $29.8 million compared to $22.1 million in the third quarter of 2019. The company had a GAAP net loss of $71.1 million, primarily attributable to a change in the estimated fair value of contingent consideration shares.
- Facilitated 20,696 certified loans during the third quarter of 2020, compared to 19,087 certified loans in the third quarter of 2019.
- Total revenue was $29.8 million, compared to $22.1 million in the third quarter of 2019.
- Gross profit was $27.3 million, compared to $20.2 million in third quarter of 2019
- Adjusted EBITDA was $19.7 million, compared to $15.3 million in the third quarter of 2019
Headline financials
Revenue & EPS history
Open Lending · Revenue · Quarterly
$29.8M
Revenue by segment
Open Lending · $29.8M total across 3 segments · Q3 2020
- Profit Share$18.5M—62.3%
- Program Fees$10.1M—33.9%
- Claims Admin & Other Service Fees$1.13M—3.8%
Forward guidance
Based on third quarter results and thoughts regarding the remainder of the year, the Company is reaffirming its previously issued guidance of the following:
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-0.6%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+5.8%
Avg return
30 days after
54%
15 / 28 earnings
Positive
+26.7%
Q1 2023
Best reaction
-57.6%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +18.7% | +15.6% | +31.9% | |
| Q4 2025 | +19.2% | +19.0% | +19.8% | |
| Q3 2025 | -8.9% | +3.1% | +13.7% | |
| Q1 2025 | +19.2% | +29.0% | +29.7% | |
| Q4 2024 | -57.6% | -63.0% | -53.6% | |
| Q3 2024 | -12.5% | -6.5% | -13.1% | |
| Q2 2024 | -0.2% | -4.4% | -1.6% | |
| Q1 2024 | +6.3% | +12.6% | +32.6% | |
| Q4 2023 | -7.8% | -11.3% | -21.3% | |
| Q3 2023 | -7.6% | -10.1% | +5.5% | |
| Q2 2023 | -23.8% | -20.9% | -22.1% | |
| Q1 2023 | +26.7% | +27.8% | +44.8% | |
| Q4 2022 | -21.2% | -16.0% | -14.5% | |
| Q3 2022 | +0.7% | -5.7% | +4.4% | |
| Q2 2022 | -0.6% | -1.2% | -14.5% | |
| Q1 2022 | -7.4% | -17.9% | -13.7% | |
| Q4 2021 | +21.6% | +26.0% | +20.6% | |
| Q3 2021 | -17.4% | -11.3% | -33.3% | |
| Q2 2021 | +1.2% | -8.9% | +6.9% | |
| Q1 2021 | -1.9% | +0.7% | +8.5% | |
| Q4 2020 | +11.9% | +21.7% | +16.1% | |
| Q3 2019 | +2.0% | +1.8% | +11.9% | |
| Q3 2020 | +2.8% | +7.9% | +19.9% | |
| Q4 2019 | +5.3% | +8.7% | +16.7% | |
| Q2 2019 | +5.3% | +8.7% | +16.7% | |
| Q1 2020 | +5.3% | +8.7% | +16.7% | |
| Q1 2019 | +5.3% | +8.7% | +16.7% | |
| Q2 2020 | -2.4% | +0.3% | +16.4% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro