---
schema_version: "secwatch.filing_event.v1"
accession: "0001806201-23-000026"
form_type: "8-K"
ticker: "LPRO"
cik: "0001806201"
company_name: "Open Lending Corp"
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T03:11:54.759405+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Open Lending Q4 2022 revenue $26.8M, net loss $4.2M; FY revenue $179.6M, down 17% YoY

## Summary
- Q4 2022 certified loans 34,550 vs 42,639 YoY; total revenue $26.8M vs $51.6M; net loss $4.2M vs net income $27.8M.
- FY 2022 certified loans 165,211 vs 171,697; total revenue $179.6M vs $215.7M; net income $66.6M vs $146.1M.
- Q4 2022 revenue impacted by $12.8M reduction in estimated future revenues related to historic vintages.
- Adjusted EBITDA Q4 $8.5M vs $36.6M; FY $105.7M vs $155.0M.
- CEO cites worst vehicle sales in nearly a decade, historic wholesale used car value declines, and record vehicle affordability challenges.

## SEC filing metadata
- accession: 0001806201-23-000026
- form_type: 8-K
- ticker: LPRO
- cik: 0001806201
- company_name: Open Lending Corp
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1806201/000180620123000026/0001806201-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806201/000180620123000026/lpro-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001806201-23-000026
- JSON: https://secwatch.observer/filing/0001806201-23-000026.json
- Plain text: https://secwatch.observer/filing/0001806201-23-000026.txt

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