Open Lending Q4 2021 Earnings Report
Key Takeaways
Open Lending Corporation reported strong financial results for Q4 2021, with a significant increase in certified loans, revenue, and net income compared to Q4 2020. The company also issued full year 2022 guidance.
Facilitated 42,639 certified loans, an increase from 26,822 in Q4 2020.
Total revenue reached $51.6 million, up from $39.6 million in Q4 2020.
GAAP net income was $27.8 million, compared to $15.2 million in Q4 2020.
Adjusted EBITDA was $36.6 million, compared to $24.8 million in Q4 2020.
Open Lending
Open Lending
Open Lending Revenue by Segment
Forward Guidance
The Company is issuing full year guidance of the following: Total Certified Loans 195,000 - 225,000, Total Revenue $210 - 240 million, Adjusted EBITDA $135 - 160 million, Adjusted Operating Cash Flow $140 - 165 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income