$LPRO
Open Lending Corp

2022 Q4 Form 10-Q Financial Statement

#000162828022028450 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $26.82M $50.66M
YoY Change -48.05% -13.98%
Cost Of Revenue $4.896M $5.199M
YoY Change 3.31% -18.51%
Gross Profit $21.93M $45.46M
YoY Change -53.24% -13.43%
Gross Profit Margin 81.75% 89.74%
Selling, General & Admin $15.31M $15.32M
YoY Change 53.99% 45.8%
% of Gross Profit 69.84% 33.69%
Research & Development $1.839M $2.355M
YoY Change 6.92% 85.73%
% of Gross Profit 8.39% 5.18%
Depreciation & Amortization $659.0K $66.00K
YoY Change 124.91% -77.4%
% of Gross Profit 3.01% 0.15%
Operating Expenses $17.15M $17.67M
YoY Change 47.05% 50.1%
Operating Profit $4.773M $27.79M
YoY Change -86.45% -31.78%
Interest Expense -$670.0K $1.608M
YoY Change 47.9% 67.67%
% of Operating Profit -14.04% 5.79%
Other Income/Expense, Net $1.000K -$239.0K
YoY Change -90.91% -8066.67%
Pretax Income $4.104M $26.27M
YoY Change -88.2% -34.04%
Income Tax $8.293M $1.700M
% Of Pretax Income 202.07% 6.47%
Net Earnings -$4.189M $24.53M
YoY Change -115.05% -16.61%
Net Earnings / Revenue -15.62% 48.42%
Basic Earnings Per Share $0.19
Diluted Earnings Per Share -$0.03 $0.19
COMMON SHARES
Basic Shares Outstanding 126.3M shares 126.2M shares
Diluted Shares Outstanding 126.2M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $204.5M $201.8M
YoY Change 75.56% 122.1%
Cash & Equivalents $204.5M $201.8M
Short-Term Investments
Other Short-Term Assets $2.361M $3.515M
YoY Change -51.55% 366.8%
Inventory
Prepaid Expenses
Receivables $5.721M $6.654M
Other Receivables $9.714M $2.329M
Total Short-Term Assets $280.7M $283.2M
YoY Change 38.44% 71.06%
LONG-TERM ASSETS
Property, Plant & Equipment $2.573M $2.789M
YoY Change -3.38% 4.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.575M $459.0K
YoY Change 2027.86% 270.16%
Total Long-Term Assets $98.89M $115.8M
YoY Change -14.78% -9.34%
TOTAL ASSETS
Total Short-Term Assets $280.7M $283.2M
Total Long-Term Assets $98.89M $115.8M
Total Assets $379.6M $399.0M
YoY Change 19.07% 36.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $288.0K $183.0K
YoY Change -77.59% -87.2%
Accrued Expenses $6.388M $8.838M
YoY Change 60.34% 20.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.750M $3.750M
YoY Change 20.0% 20.0%
Total Short-Term Liabilities $15.11M $16.98M
YoY Change 25.21% -0.41%
LONG-TERM LIABILITIES
Long-Term Debt $143.7M $144.5M
YoY Change 0.38% 0.45%
Other Long-Term Liabilities $3.900M $4.231M
YoY Change
Total Long-Term Liabilities $147.6M $144.5M
YoY Change 3.11% 0.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.11M $16.98M
Total Long-Term Liabilities $147.6M $144.5M
Total Liabilities $166.8M $165.7M
YoY Change 4.36% 0.02%
SHAREHOLDERS EQUITY
Retained Earnings -$215.8M -$211.6M
YoY Change -23.59% -31.77%
Common Stock $1.282M $1.282M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $72.26M $56.22M
YoY Change 27.13% -2.22%
Treasury Stock Shares 4.552M shares
Shareholders Equity $212.8M $233.3M
YoY Change
Total Liabilities & Shareholders Equity $379.6M $399.0M
YoY Change 19.07% 36.05%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$4.189M $24.53M
YoY Change -115.05% -16.61%
Depreciation, Depletion And Amortization $659.0K $66.00K
YoY Change 124.91% -77.4%
Cash From Operating Activities $22.43M $31.41M
YoY Change -16.08% -11.37%
INVESTING ACTIVITIES
Capital Expenditures -$13.00K -$273.0K
YoY Change -93.56% -71.08%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $13.00K -$273.0K
YoY Change -106.44% -71.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.08M 2.912M
YoY Change 2340.41% -472.86%
NET CHANGE
Cash From Operating Activities 22.43M 31.41M
Cash From Investing Activities 13.00K -273.0K
Cash From Financing Activities -19.08M 2.912M
Net Change In Cash 3.363M 34.05M
YoY Change -86.94% 0.99%
FREE CASH FLOW
Cash From Operating Activities $22.43M $31.41M
Capital Expenditures -$13.00K -$273.0K
Free Cash Flow $22.45M $31.68M
YoY Change -16.66% -12.92%

Facts In Submission

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dei Document Fiscal Period Focus
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dei Current Fiscal Year End Date
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dei Entity File Number
EntityFileNumber
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dei Document Type
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dei Document Quarterly Report
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dei Document Period End Date
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2022-09-30
dei Document Transition Report
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dei Entity Registrant Name
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OPEN LENDING CORPORATION
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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dei Entity Tax Identification Number
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dei Entity Address Address Line1
EntityAddressAddressLine1
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dei Entity Address State Or Province
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dei Security12b Title
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CY2020Q4 us-gaap Stockholders Equity
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
322000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
265000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
405000 usd
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us-gaap Increase Decrease In Contract With Customer Asset
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24920000 usd
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us-gaap Increase Decrease In Other Operating Assets
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298000 usd
us-gaap Increase Decrease In Accounts Payable Trade
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us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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us-gaap Repayments Of Notes Payable
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us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
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us-gaap Repayments Of Long Term Lines Of Credit
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lpro Payments Of Deferred Financings Costs
PaymentsOfDeferredFinancingsCosts
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lpro Payments Of Deferred Financings Costs
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CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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lpro Payments For Settlement Of Tax Receivable Agreement
PaymentsForSettlementOfTaxReceivableAgreement
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lpro Payments For Settlement Of Tax Receivable Agreement
PaymentsForSettlementOfTaxReceivableAgreement
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1287000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
85647000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
119509000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
104148000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
205156000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93760000 usd
us-gaap Interest Paid Net
InterestPaidNet
2859000 usd
us-gaap Interest Paid Net
InterestPaidNet
4545000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
27471000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
19397000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
In the event that one or more of the Company’s significant insurance carriers terminates their relationship with the Company, it could have a material and adverse effect on the Company’s business and, in turn, its revenue. Financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents, restricted cash, accounts receivable and contract assets, net to the extent of the amounts recorded on the balance sheets.Cash and cash equivalents consist of commercial analysis accounts and money market funds. The Company considers securities that are highly liquid, readily convertible into cash and have original maturities of less than three months when purchased to be cash equivalents. Restricted cash relates to funds held by the Company on behalf of the insurance carriers, delegated for the use of insurance claim payments. Restricted cash is deposited in commercial analysis accounts at one financial institution. The Company has not experienced any losses on its deposits of cash and cash equivalents and management believes the Company is not exposed to significant risks on such accounts.
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
100000 usd
CY2022Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2022Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
99940000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates, and those differences may be material. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognized prospectively.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The most significant items subject to such estimates and assumptions include, but are not limited to, profit share revenue recognition and the corresponding impact on contract assets, the recognition of the valuation of share-based compensation arrangements, and assessing the realizability of deferred tax assets. These estimates, although based on actual historical trend and modeling, may potentially show significant variances over time.</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with profit share revenue recognition and the estimation of contract assets under Accounting Standards Update (“ASU”) 2014-09, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Revenue from Contracts with Customers (Topic 606)</span>, the Company uses forecasts of loan-level earned premium and insurance claim payments. These forecasts are driven by the projection of loan defaults, prepayments and default severity rates, and the underlying assumptions are based on the Company’s observations of the historical behavior for loans with similar risk characteristics. These assumptions also take into consideration the forecast adjustments under various macroeconomic conditions, including the current mix of the underlying portfolio of the Company’s insurance partners. As a result of the changes in facts and circumstances and general market conditions for the three and nine months ended September 30, 2022, management has accordingly adjusted these assumptions.
CY2021Q3 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
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us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
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CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
106748000 usd
CY2022Q3 us-gaap Contract With Customer Asset Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerAssetIncreaseDecreaseForContractAcquiredInBusinessCombination
48991000 usd
CY2022Q3 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
-1670000 usd
CY2022Q3 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
20830000 usd
CY2022Q3 lpro Payments Received From Insurance Carriers
PaymentsReceivedFromInsuranceCarriers
36646000 usd
CY2022Q3 lpro Effective Income Tax Rate Reconciliation Change In Tax Law Amount
EffectiveIncomeTaxRateReconciliationChangeInTaxLawAmount
-5100000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
112956000 usd
us-gaap Contract With Customer Asset Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerAssetIncreaseDecreaseForContractAcquiredInBusinessCombination
145635000 usd
us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
-7135000 usd
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
60808000 usd
lpro Payments Received From Insurance Carriers
PaymentsReceivedFromInsuranceCarriers
105038000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2022Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
99940000 usd
CY2022Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
65600000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
70500000 usd
CY2022Q3 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
34400000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
42400000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29414000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
70809000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
118242000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126228723 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126190351 shares
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1772000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1396000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
148228000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
146260000 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
3750000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3125000 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
144478000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
143135000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-8800000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
300000000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24529000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126222084 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126405822 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.94
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
24529000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
29414000 usd
us-gaap Net Income Loss
NetIncomeLoss
70809000 usd
us-gaap Net Income Loss
NetIncomeLoss
118242000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126228723 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126190351 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126222084 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126405822 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
57148 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
331 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
45297 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126228723 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126247499 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126222415 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126451119 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.94
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
978381 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
295185 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
978381 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
295185 shares
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1700000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18600000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10400000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
38100000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.066
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.208
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.261
lpro Effective Income Tax Rate Reconciliation Change In Tax Law Amount
EffectiveIncomeTaxRateReconciliationChangeInTaxLawAmount
-5100000 usd

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