Estados financieros detallados de Open Lending Corporation (LPRO): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Open Lending Corporation registró ingresos de $93.2M en el último ejercicio fiscal, con un CAGR de 5 años del -3.1%.
Márgenes de los últimos 12 meses: margen bruto 77.2%, margen operativo -7.2%, margen neto -5.9%.
Al precio actual de $3.14, LPRO presenta beneficios negativos (P/E no significativo) y un ROE del -7.04%. La capitalización bursátil es de $372M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $32.4M | $52.2M | $92.8M | $108.9M | $215.7M | $179.6M | $117.5M | $24.0M | $93.2M |
| Coste de Ventas | $3.0M | $4.6M | $7.8M | $9.8M | $18.6M | $20.0M | $22.3M | $23.9M | $22.8M |
| Beneficio Bruto | $29.4M | $47.6M | $85.0M | $99.1M | $197.0M | $159.6M | $95.2M | $169000 | $70.4M |
| I+D | $691000 | $802000 | $1.2M | $2.0M | $4.4M | $8.2M | $5.6M | $4.5M | $8.8M |
| Generales y Administrativos | $30682 | $18.3M | $21.3M | $40.4M | $42.4M | $53.8M | $60.5M | $61.1M | $77.4M |
| Gastos Operativos | $30682 | $19.1M | $22.4M | $42.4M | $46.7M | $62.0M | $66.1M | $65.5M | $64.4M |
| Beneficio Operativo | -$30680 | $28.5M | $62.6M | $56.7M | $150.3M | $97.6M | $29.1M | -$65.4M | $6.0M |
| EBITDA | $16.2M | $28.7M | $62.9M | -$77.6M | $197.6M | $100.3M | $41.3M | -$51.6M | $8.4M |
| Gastos por Intereses | 0 | $341000 | $322000 | $11.6M | $5.9M | $5.8M | $10.7M | $11.3M | $9.7M |
| Beneficio Antes de Impuestos | -$30682 | $28.3M | $62.5M | -$91.0M | $191.2M | $93.5M | $28.9M | -$64.6M | -$5.4M |
| Impuestos | 0 | $37000 | -$30000 | $6.6M | $45.1M | $26.9M | $6.8M | $70.4M | -$1.1M |
| Beneficio Neto | -$30682 | $28.3M | $62.5M | -$97.6M | $146.1M | $66.6M | $22.1M | -$135.0M | -$4.2M |
| BPA | $-0.00 | $0.31 | $1.66 | $-1.18 | $1.16 | $0.53 | $0.18 | $-1.13 | $-0.04 |
| BPA Diluido | $-0.00 | $0.31 | $1.66 | $-1.18 | $1.16 | $0.53 | $0.18 | $-1.13 | $-0.04 |
| Acciones en Circulación (Diluidas) | $31.2M | $91.8M | $37.6M | $82.9M | $126.4M | $126.3M | $121.5M | $119.2M | $118.6M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Ingresos | $25.3M | $24.2M | $19.3M | $20.5M |
| Beneficio Bruto | $19.8M | $18.9M | $14.7M | $15.6M |
| Beneficio Operativo | $1.2M | -$7.7M | $757000 | -$633000 |
| EBITDA | $4.1M | -$4.5M | $3.3M | $1.5M |
| Beneficio Neto | $1.0M | -$7.6M | $1.7M | -$460000 |
| BPA | $0.01 | $-0.06 | $0.01 | $-0.00 |
| BPA Diluido | $0.01 | $-0.06 | $0.01 | $-0.00 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $25000 | $1.2M | $7.7M | $101.5M | $116.5M | $204.4M | $240.2M | $243.2M | $176.6M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | 0 | $10.4M | $33.5M | $54.7M | $78.4M | $69.9M | $40.4M | $18.6M | $29.1M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $25000 | $1.2M | $45.2M | $162.8M | $202.8M | $280.7M | $289.9M | $275.7M | $222.7M |
| Inmovilizado Material | 0 | $305000 | $299000 | $6.9M | $7.9M | $7.2M | $7.9M | $4.6M | $3.5M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $5.4M | $4.0M |
| Activos Totales | $244919 | $279.5M | $79.2M | $294.0M | $318.8M | $379.6M | $374.0M | $296.4M | $236.7M |
| Cuentas por Pagar | 0 | $55399 | $1.3M | $3.4M | $1.3M | $288000 | $375000 | $953000 | $446000 |
| Deuda a Corto | $221201 | $2.5M | $2.5M | $4.9M | $3.1M | $3.8M | $4.7M | $7.5M | $7.5M |
| Pasivos Corrientes | $250601 | $362419 | $8.2M | $17.0M | $12.1M | $15.1M | $20.6M | $47.3M | $49.3M |
| Deuda a Largo | 0 | $3.3M | $829000 | $152.9M | $143.1M | $143.7M | $139.4M | $132.2M | $77.3M |
| Pasivos Totales | $250601 | $10.0M | $314.0M | $267.4M | $159.8M | $166.8M | $168.5M | $218.3M | $161.7M |
| Reservas | -$30682 | $2.7M | -$242.8M | -$428.4M | -$282.4M | -$215.8M | -$193.7M | -$328.8M | -$333.0M |
| Patrimonio Neto | -$5682 | $269.5M | -$234.8M | $26.6M | $159.0M | $212.8M | $205.6M | $78.1M | $75.0M |
| Deuda Total | $221201 | $5.8M | $3.3M | $163.2M | $151.4M | $152.1M | $148.1M | $143.8M | $88.0M |
| Deuda Neta | $196201 | $4.6M | -$4.4M | $61.7M | $34.9M | -$52.4M | -$92.1M | -$99.4M | -$88.6M |
| Capital Circulante | -$225601 | $826304 | $37.0M | $145.8M | $190.7M | $265.6M | $269.3M | $228.5M | $173.4M |
Balance (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Caja y Equivalentes | $230.7M | $222.1M | $176.6M | $185.0M |
| Activos Totales | $296.7M | $287.7M | $236.7M | $231.1M |
| Pasivos Totales | $217.7M | $214.8M | $161.7M | $155.8M |
| Patrimonio Neto | $78.9M | $72.8M | $75.0M | $75.3M |
| Deuda Total | $139.0M | $184.2M | $88.0M | $85.1M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $15.8M | $28.3M | $62.5M | -$97.6M | $146.1M | $66.6M | $22.1M | -$135.0M | -$4.2M |
| Amortizaciones | $20000 | $80000 | $105000 | $1.8M | $525000 | $915000 | $1.2M | $1.7M | $2.4M |
| Compensación en Acciones | $1.0M | $2.5M | $2.0M | $2.8M | $3.8M | $5.4M | $9.5M | $8.7M | $7.0M |
| Cambio en Capital Circulante | -$3.3M | -$2.3M | -$23.0M | -$19.1M | -$29.8M | $33.1M | $53.9M | $70.9M | -$9.7M |
| Flujo de Caja Operativo | $13.1M | $28.6M | $41.8M | $24.6M | $95.2M | $107.4M | $82.7M | $17.6M | -$3.2M |
| Inversiones (CapEx) | -$48000 | -$106000 | -$99000 | -$1.2M | -$2.0M | -$624000 | -$2.2M | -$165000 | -$56000 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | -$37.5M | -$20.0M | -$18.0M | -$37.3M | 0 | -$4.9M |
| Dividendos Pagados | -$11.8M | -$18.9M | -$42.4M | -$135.6M | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $13.0M | $28.5M | $41.7M | $23.4M | $93.2M | $106.8M | $80.5M | $17.4M | -$3.2M |
Flujo de Caja (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Flujo de Caja Operativo | $848000 | -$5.7M | $5.5M | -$764000 |
| Inversiones (CapEx) | $550000 | -$77000 | -$778000 | -$289000 |
| Flujo de Caja Libre | $1.4M | -$5.7M | $4.7M | -$1.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $2.3M | $1.4M | $1.4M | $1.1M |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +61.2% | +77.9% | +17.3% | +98.0% | -16.7% | -34.6% | -79.5% | +288.0% |
| Crecimiento Beneficio Neto (anual) | | +92268.0% | +121.2% | -256.0% | +249.7% | -54.4% | -66.9% | -711.7% | +96.9% |
| Crecimiento BPA (anual) | | +31100.0% | +435.5% | -171.1% | +198.3% | -54.3% | -66.0% | -727.8% | +96.8% |
| Cambio en Acciones (anual) | | +193.9% | -59.0% | +120.3% | +52.4% | -0.1% | -3.8% | -1.9% | -0.5% |
| Crecimiento FCF (anual) | | +118.5% | +46.2% | -43.7% | +297.4% | +14.6% | -24.6% | -78.3% | -118.6% |
| Margen Bruto | 90.7% | 91.2% | 91.6% | 91.0% | 91.4% | 88.9% | 81.0% | 0.7% | 75.5% |
| Margen Operativo | -0.1% | 54.6% | 67.4% | 52.1% | 69.7% | 54.4% | 24.8% | -272.1% | 6.4% |
| Margen EBITDA | 49.9% | 55.1% | 67.8% | -71.3% | 91.6% | 55.8% | 35.2% | -214.8% | 9.0% |
| Margen Neto | -0.1% | 54.2% | 67.4% | -89.6% | 67.7% | 37.1% | 18.8% | -562.0% | -4.5% |
| Margen FCF | 40.3% | 54.6% | 44.9% | 21.5% | 43.2% | 59.5% | 68.5% | 72.6% | -3.5% |
| Tasa Impositiva Efectiva | -0.0% | 0.1% | -0.0% | -7.2% | 23.6% | 28.8% | 23.5% | -109.0% | 21.1% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.42 | $0.31 | $1.11 | $0.28 | $0.74 | $0.85 | $0.66 | $0.15 | $-0.03 |
| Dividendo por Acción | $0.38 | $0.21 | $1.13 | $1.64 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $31.2M | $91.8M | $37.6M | $82.9M | $126.4M | $126.1M | $120.8M | $119.2M | $118.6M |
Qué mirar en Servicios Financieros
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- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — Los buenos asset managers tienen márgenes >30% por escalabilidad
- ROE — Servicios financieros de calidad tienen ROE >15% consistente
- FCF / Net Income — Calidad del beneficio — >90% esperado en negocios ligeros en capital
- Debt / Equity — Fintech y brokers con D/E alto son bombas de relojería en crisis
- P/E vs 5y propio — Asset managers tienen múltiplos estables en rangos conocidos
- Dividend yield + buybacks — Estos negocios devuelven mucho capital — mirar yield total (div + recompras)
Rentabilidad
| Rentabilidad sobre capital | -7.04% |
| Rentabilidad sobre capital invertido | -2.76% |
| Rentabilidad sobre activos | -2.30% |
| Margen bruto | 77.24% |
| Margen operativo | -7.17% |
| Margen neto | -5.95% |
Salud financiera
| Deuda / Patrimonio | 1.13 |
| Ratio corriente | 4.44 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -9650.00 | 31.45 | 6.35 | -29.63 | 19.38 | 12.74 | 47.28 | -5.28 | -43.42 |
| P/VC | -53073.30 | 3.32 | -1.69 | 108.88 | 17.87 | 4.00 | 5.00 | 9.11 | 2.45 |
| P/V | 9.31 | 17.16 | 4.27 | 26.62 | 13.17 | 4.74 | 8.75 | 29.62 | 1.97 |
| Margen Bruto | 90.7% | 91.2% | 91.6% | 91.0% | 91.4% | 88.9% | 81.0% | 0.7% | 75.5% |
| Margen Operativo | -0.1% | 54.6% | 67.4% | 52.1% | 69.7% | 54.4% | 24.8% | -272.1% | 6.4% |
| Margen Neto | -0.1% | 54.2% | 67.4% | -89.6% | 67.7% | 37.1% | 18.8% | -562.0% | -4.5% |