secwatch.observer — SEC 8-K summary
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Issuer:     Open Lending Corp (LPRO)
CIK:        0001806201
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0001628280-22-003821
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Open Lending Q4 revenue $51.6M, FY revenue $215.7M (+98% YoY), net income swings to profit
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- Q4 2021: Revenue $51.6M (up 30% YoY), GAAP net income $27.8M vs $15.2M, adj. EBITDA $36.6M.
- Full year 2021: revenue $215.7M (up 98% YoY), GAAP net income $146.1M vs net loss of $97.6M in 2020.
- Q4 certified loans 42,639 (+59% YoY); FY 171,697 (+82% YoY); added 71 new customers in 2021.
- Refinance channel grew to 34% of total certs in Q4; unit economics normalized after removing COVID-19 underwriting standards.
- Adjusted EBITDA margin improved to 71% in Q4 (63% in Q4 2020) and 72% for full year (64% in 2020).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806201/000162828022003821/0001628280-22-003821-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806201/000162828022003821/lpro-20220224.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-003821

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