secwatch.observer — SEC 8-K summary
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Issuer:     Open Lending Corp (LPRO)
CIK:        0001806201
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001628280-25-050173
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806201/000162828025050173/0001628280-25-050173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806201/000162828025050173/lpro-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-050173

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer