Open Lending Q3 revenue $50.7M (-14% YoY); certified loans 42,186 (-14.5% YoY)

Open Lending Corp

2022-Q3 EPS reported $0.56 revenue$152,773,000

Revenue $50.7M, down 14% YoY from $58.9M; net income $24.5M vs $29.4M
Certified loans 42,186 in Q3 vs 49,332 YoY, reflecting challenging auto lending environment
Adjusted EBITDA $29.4M, down from $42.1M YoY; gross profit $45.5M vs $52.5M
CEO Keith Jezek cites continued investment in go-to-market and tech, targeting growth above industry

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Open Lending Corp reported the fiscal quarter ended September 30, 2022 results: revenue $50.7 million, net income $24.5 million.

Period: the fiscal quarter ended September 30, 2022
Revenue: $50.7 million
Net income: $24.5 million
Result: reported results

Exact text from the filing

Highlights • The Company facilitated 42,186 certified loans during the third quarter of 2022, compared to 49,332 certified loans in the third quarter of 2021 • Total revenue was $50.7 million during the third quarter of 2022, compared to $58.9 million in the third quarter of 2021 • Gross profit was $45.5 million during the third quarter of 2022, compared to $52.5

View on SEC.gov

Browse all earnings releases →

Open Lending Corp filing history →

Source: SEC EDGAR

accession 0001628280-22-028207

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.