Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities
Net income	$ 12,862	$ 8,172
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation	701	487
Depreciation and amortization	388	27
Amortization of right-of-use assets	134	95
Loss on extinguishment of debt	8,778	0
Deferred income taxes	1,330	0
Changes in assets & liabilities:
Accounts receivable	(2,451)	(1,092)
Contract assets	(7,876)	4,202
Prepaid expenses	941	(178)
Deferred transaction costs	0	(4,599)
Other current and non-current assets	1,038	346
Accounts payable	(611)	539
Accrued expenses	478	(974)
Income tax payable	3,151	0
Operating lease liabilities	(140)	(66)
Other current and non-current liabilities	112	116
Net cash provided by operating activities	18,835	7,075
Cash flows from investing activities
Purchase of property and equipment	(3)	(83)
Net cash used in investing activities	(3)	(83)
Cash flows from financing activities
Proceeds from term loans	125,000	170,000
Proceeds from revolving facility	50,000	0
Payments on term loans	(166,847)	(3,313)
Payment of deferred financing costs	(1,491)	(9,112)
Distributions to Open Lending, LLC unitholders	0	(134,153)
Net cash provided by financing activities	6,662	23,422
Net change in cash and cash equivalents and restricted cash	25,494	30,414
Cash and cash equivalents and restricted cash at the beginning of the period	104,148	9,898
Cash and cash equivalents and restricted cash at the end of the period	129,642	40,312
Supplemental disclosure of cash flow information:
Interest paid	2,722	89
Income tax (refunded) paid, net	(16)	11
Non-cash investing and financing:
Internally developed software costs accrued but not paid	463	0
Deferred financing costs accrued but not paid	178	0
Change in fair value of redeemable convertible series C preferred units	0	(47,537)
Distributions accrued but not paid	$ 0	$ 1,228