---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-050173"
form_type: "8-K"
ticker: "LPRO"
cik: "0001806201"
company_name: "Open Lending Corp"
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:55:58.376141+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Open Lending Q3 2025 net loss of $7.6M vs prior-year net income of $1.4M

## Summary
- Certified loans fell to 23,880 from 27,435 YoY; total revenue rose to $24.2M from $23.5M.
- Net loss of $7.6M ($0.06 basic EPS loss) vs net income of $1.4M ($0.01 basic EPS) in Q3 2024.
- Adjusted EBITDA improved to $5.6M from $4.5M; definition updated to exclude interest income and certain non-recurring items.
- Gross profit $18.9M vs $17.3M; profit share revenues included $1.1M positive adjustment vs $7.0M reduction in prior year.
- CEO highlighted launch of ApexOne Auto decisioning platform and enhanced underwriting standards.

## SEC filing metadata
- accession: 0001628280-25-050173
- form_type: 8-K
- ticker: LPRO
- cik: 0001806201
- company_name: Open Lending Corp
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1806201/000162828025050173/0001628280-25-050173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806201/000162828025050173/lpro-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-050173
- JSON: https://secwatch.observer/filing/0001628280-25-050173.json
- Plain text: https://secwatch.observer/filing/0001628280-25-050173.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.